365 Agile Share Discussion Threads

[timbo003] 08/6/2018 06:32

Some news at last after a very long wait....



Given that Agile are now unlisted and there is clearly an unmet need for mezzanine type finance to co-invest with VCTs, this seems like fairly reasonable route to take. I will try to attend the AGM on June 27th to find out more. I have met the incoming Chairman Annad Sambasivan, he is the current CEO of Primary Bid and well qualified to oversee this transition:

[chimers] 25/8/2017 12:54

Hey DIMBO..............how did this one pan out for ya then lool's

[dosser2] 20/10/2016 14:36

I've done worse than that. Had a fewcgrand in. Still waiting to off set against a big gain!

[barnetpeter] 20/10/2016 13:52

I notice from my account I put £500 in what is now this stock years ago....now worth 39 pence.

Not my best punt.......

[timbo003] 29/8/2016 11:33

>>>>kemche

Thanks for spotting that, I was being lazy and using ADVFN's market cap figure under their financials tab, which almost certainly doesn't take into account the recent placings and share issues.

[kemche] 29/8/2016 10:56

timbo, with 18,914,073 shares in issue at 26.5p gives a mkt cap of just shy over £5m and not £2.6m.
With the current circa £200k presumably earmarked for the closure of Nottingham leaves the £1.8m receivable over three years - with a CONTINGENT £300k at the end. Those financial metrics makes this not a particularly "cheap" cash shell don't you think?

That is if I have my figures right.

[timbo003] 28/8/2016 23:11

Thinking about it, with a minimum of £2.1m coming in over the next 3 years, Agile probably represent fairly reasonable value right now as a cash shell given their current market cap is currently just £2.6m.

[timbo003] 28/8/2016 15:11

>>>keya

I'm getting my numbers muddled up.

Their annual income for the next three years should be £600K per annum (see abstract from the April 4th RNS below) not £200K as stated above

At the AGM (end of June) they stated that the cash balance was approximately £200K which they said should cover the closure costs of the Nottingham facility (should the decision be taken to close it) and the running costs of the company as cash shell (should the decision be taken to become a cash shell)



"The Licence Agreement guarantees 365Agile a payment of £0.6 million for each of the years ended 31 March 2017, 2018 and 2019 with the potential for a further payment of at least £0.3 million in the year to 31 March 2019 dependent on total sales achieved by Castleton for the first three years of the Licence Agreement"

[keya5000] 28/8/2016 12:31

Timbo, what is the cash position here?

TIA.

[timbo003] 28/8/2016 08:32

The announcement on Friday was welcome, so we are now back to a cash shell (which has income of £200K p/a (edit should read £600K p/a) coming in for the next few years and some IP of (unknown value) concerning some software for use outside of the social housing sector.

The directors now have a 6 month window in order to find a suitable business to acquire.

[missjojo] 24/8/2016 12:55

That my friend is the big question.

When he was ramping BHRD at 4.25p one day there were 41 buy signals, all I assume by him. He probably labels his devices so he know which character he is in. What a loser. Imagine spending your days talking to yourself in different voices. I mean even if he was making a fortune which clearly he is not or he would not be here. It would be a rubbish life.

[timbo003] 22/8/2016 08:07

Exactly how many avatars does Chimers have? There goes another one.

[timbo003] 22/8/2016 08:01

Farewell chimers (AKA albert3491), you really should get treatment for your Tourettes Syndrome.

[timbo003] 22/8/2016 07:51

I suspect much of this news is already priced in given the BODs comments at the AGM. Given the future cash flow from Castleton and the prospect of negotiating from a position of strength as a cash shell, any mark down this morning should be reasonably modest (famous last words!)

[timbo003] 22/8/2016 07:45

I attended the AGM in June (I was the only ordinary PI there) and it wasn't difficult to see that this was the most likely direction for the company.

As a cash shell they will have at least £600K x 3 coming in which should easily cover costs of closing the Nottingham facility and providing the necessary funds to facilitate the next target company to reverse into the shell. They do still retain the IP and the rights to the commercialise their software (outside of the social housing space) but I could not work out whether that will form any part of the strategy going forward. The chairman just said that they were undergoing a strategic review and indicated that the next CEO could well come with an established business reversing into Agile.

[equity growth] 19/4/2016 09:42

Been filtered for years. Saying something silly again?

[chimers] 18/4/2016 20:40

This is a completely pointless listing.
Why on earth did they bother.