Auction Technology Share Discussion Threads

[saud2237] 20/6/2012 11:25

bozzy what is P/E ration?

[bozzy_s] 20/6/2012 11:21

I'm not going to converse with a liar and an idiot. It's not bloody rocket science to read results, to look at P/E ratios, to look at histories of profitability, to read balance sheets etc.

[saud2237] 20/6/2012 11:18

bozzy on a serious note can you tell me what companies are good in this day and age.

[bozzy_s] 20/6/2012 11:17

SHUT UP saud, you do this all the time. Try investing in good companies to make a living - there are plenty out there.

To suggest you and Silkstag have equally valid arguements is PATHETIC.

[saud2237] 20/6/2012 10:55

As always DYOR and DO NOT LISTEN TO ANYTHING I OR SILK SAY - We are two sides of the coin. Read the past RNS and make your decision

[silkstag] 20/6/2012 10:53

saud, repeat '4) If you are not a liar, you will be able to post your friend's explanations and clarifications on 1-3. You need to correct your incorrect post'.

[saud2237] 20/6/2012 10:53

Silk all I know is that there is a REASON why RCapital have bought the debt. I dont know what it is. And nothing is set in stone. This is a rumour. I have been trying to get in touch with the company but to no avail.

If and when I know for certain what is happening I will let you know. I hope you dont dissappear if and when the company releases RNS

[saud2237] 20/6/2012 09:45

Just spoke to my contact and he is of the opinion that a deal must be being arranged where RCapital effectively takes control of the company and raises funds required to keep it going. It is not clear how much funds will need to be raised but it is certainly looking very interesting at the moment

[saud2237] 20/6/2012 08:37

Going to speak to my contacts from city shortly. Will keep you posted

[silkstag] 20/6/2012 08:24

mally6 and saud, RC will turnaround the Tech division when they own 100% of it by requiring it to be sold to a company RC own 100%. They will use the £1.5m secured debt, which we found out on 13 June is more than Tech valuation, to separate it from the Adventis net liabilities, bad reputation and shareholders.

Adventis plc will be left with ballpark £4m net unsecured liabilities (who might get something in £) and dead shareholders (0p in £).

One would have to be stupid or crooked or both to suggest 'atg is reborn'. A Hyena has just arrived to rip off for itself the only meat left. Fair enough. Hyena's need to feed themselves and their families. But the ATG carcass is stinking up AiM.

[saud2237] 20/6/2012 08:18

Mally precisely my point. so I think there is more to it then meets the eye

[mally6] 20/6/2012 08:00

if rc did this just to buy the tech divisions it doesnt add up the real money is in this if they turn it around,which is what they specialise in.
would you want to lend money to a company who you would then place in admin.
atg is reborn

[saud2237] 20/6/2012 07:46

Anyways this is just a thought. Good luck to all odd you. I am off

[saud2237] 20/6/2012 07:45

Use your head. If the tech division is sold rc have nothing to turn around

[saud2237] 20/6/2012 07:42

Something that just occurred to me. How can rc control and own the tech division if its sold

[silkstag] 19/6/2012 18:39

Saud, Winks/Pearson had to admit in the 13-6-2012 RNS, which you ignore for some reason, that:"...Technology division...net proceeds will almost certainly not be sufficient to repay in full the Company's bank debt and other liabilities...Directors consider that it is probable that there is no value in the Company's ordinary share capital...taking account of the ability of the Company to pay all creditors which will include consideration of an insolvency process".

Bank (now RC) was owed £1.5m. Other net liabilities are ballpark £4m. We found out on 13 June that Tech sale wouldn't even cover the bank's £1.5m (hence their bailout to RC). So you are peddling out of date Stinky Winks Porky Pies. Which you will understand is rather unappetising.

[27howard] 19/6/2012 17:51

It is well established now saud that those two tech business's are not very profitable and highly promising, I fell for the same paragraph but thanks to SilkStag persistent and correct posts he saves a few here a lot of money.
But you will be selling anyway in the morning, you did the same with PAA, Care, Cicr, and I'm sure plenty of others.

[saud2237] 19/6/2012 17:44

silk - speak to the CEO of the company. I am just passing on what was said on 10th of May

Nick Winks, Chairman, commented


"Having tried, unsuccessfully, to persuade investors to back our efforts to raise new equity to pay down both bank and vendor debt, we are now working with our bank to find an alternative solution. We have two profitable and highly promising technology businesses which will now have to be sold to pay this historic debt. We believe that these businesses should be sold for an amount that is greater than that owed to the bank. "

[27howard] 19/6/2012 17:28

I've seen that subtle opinion loads of times, afraid saud is a pump and dumper, we all trade shares but you sold a stock less than a hour after ramping it and I have the thread and posts as I remember it will saud :-))

[silkstag] 19/6/2012 17:27

Saud, you post 'This company had revenues in excess of 20 million!' but that is misleading as that includes the Media and Health division which were sold and shut down.

Only tech divison is left (and small property diviiosn which is worthless and dying). RC do want to grow Tech, which is why they will protect and control it by taking it out of Adventis plc. They will indeed want to onsell Tech in future.

Adventis will be left with £4m other net HMRC/trade creditors and nothing to pay them with. RC wont touch Adventis balance sheet with a bargepole.

This is a standard asset strip using the security. Page 1 of the Hyena Bible.