We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Agcert Regs | AGC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.65 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.65 | 0.65 |
| Top Posts |
|---|
Posted at 25/2/2008 09:50 by brownan Thanks SMCL, really appreciate this.This offers a little hope for us PI's. Question, If AGC makes it through this and returns to the market a) how long do we think this will take b) If it was already priced to go bust will we see any possible return for existing holders |
Posted at 21/2/2008 16:59 by smcl XL TechGroup, Inc.("XL TechGroup" or "the Company") XL TechGroup enters into loan note agreement with Laurus and receives US$9.9 million cash in AgCert related transactions XL TechGroup (AIM: XLT), the creator of companies that solve identified, global unmet market needs, advises that in order to facilitate negotiations between AgCert International plc ("AgCert") and its creditors, it has entered into a loan note agreement with Laurus Master Fund Ltd. ("Laurus") under which XL TechGroup has agreed to pay US$17.8 million plus interest to Laurus in May 2009. In return, XL TechGroup has received US$9.9 million in cash from one of AgCert's creditors. The new loan note carries a current interest rate of 10% and, consistent with previous borrowings from Laurus, is secured against the general assets of XL TechGroup. The effect of this agreement has been to remove a matching amount of debt owed to Laurus by AgCert from the latter's balance sheet, to add US$9.9 million in cash to XL TechGroup's balance sheet (in addition to the US$11.4 million cash that the Company started 2008 with), and to leave XL TechGroup with a balancing US$7.9 million participation right from an AgCert creditor under the original debt owed by AgCert, which remains secured. XL TechGroup's previous commitment to provide a loan of up to Euro5 million to AgCert in the second quarter of 2008 no longer exists and has been replaced by the secured participation right for a similar amount. The intent of this agreement was to simplify AgCert's relationships with its senior creditors, resulting in AgCert having only one secured creditor, thereby enabling AgCert to attempt to negotiate directly with its other creditors and customers. However, despite extensive negotiations, AgCert has been unable to reach agreement with all its creditors and customers regarding the renegotiation of contracts, and has today proposed to file a petition for examinership in Ireland. This entails a process whereby AgCert is put under the protection of the High Court in Ireland with a view to allowing a court appointed examiner to formulate and put forward for approval a scheme of arrangement with its creditors and members. The objective in petitioning for examinership is to address AgCert's obligations while maintaining an ongoing business. This action by AgCert has no impact on any XL TechGroup borrowing covenants. John Scott, CEO of XL TechGroup, commented: "We directly involved ourselves in AgCert's negotiations with its creditors at the end of 2007, with the single aim of looking to maximise value for all of AgCert's shareholders. It is therefore disappointing that they have not yet reached an agreement with all their creditors and customers. However, there is now only one secured creditor and this gives us reason to continue to be optimistic that an AgCert business with value will be preserved, whether through the examinership process or otherwise." Ends - For further information: XL TechGroup Inc. John Scott / Harold Gubnitsky Tel: +1 321 409 7403 hgubnitsky@xltg.com Chris Munden, Director of Investor Relations Tel: +44 (0) 20 7398 7720 cmunden@xltg.com www.xltechgroup.com Nomura Code Securities Chris Collins, Corporate Finance Tel: +44 (0) 20 7776 1200 Richard Potts, Corporate Finance www.nomuracode.com XL TechGroup media enquiries: Abchurch Communications Heather Salmond / Gareth Mead Tel: +44 (0) 20 7398 7700 heather.salmond@abch NOTES TO EDITORS About XL TechGroup XL TechGroup is in the business of significant value creation. Working with major international corporate and technology partners such as Procter & Gamble and leading universities, XL TechGroup first identifies global unmet market needs and then targets and exploits these by the systematic creation of successful, disruptive technology businesses. These new companies are built from scratch, and are then managed, developed and funded by XL TechGroup through to the point of a trade sale or a stock market listing. XL TechGroup's unique and proven methodology selects the best opportunities in order to create one-to-two new companies annually, where each company is expected to achieve a realisable valuation of at least US$400 million within four years from its creation. It is XL TechGroup's aim to deliver significant shareholder distributions at the final exit from each company or from other liquidity events. XL TechGroup's companies to date are: PETROALGAE LLC (WWW.PETROALGAE.COM) TYRATECH INC. (AIM: TYR, WWW.TYRATECH.COM) DXTECH LLC (WWW.DXTECH.COM) QUONOVA LLC (WWW.QUONOVA.COM) AGCERT INTERNATIONAL PLC (LSE: AGC, WWW.AGCERT.COM) XL TechGroup has also established GenXL LLC as a joint venture to capture the value of those prospects that do not fully meet XL TechGroup's US$400 million, four year criteria but still demonstrate considerable potential worth. Over and above XL TechGroup's core business model, GenXL is reviewing a significant flow of opportunities from both XL TechGroup and GEN3 in order to generate new companies, standalone product lines and technology licensing opportunities or an appropriate mix of these. For further information, see www.xltechgroup.com. This information is provided by RNS The company news service from the London Stock Exchange |
Posted at 13/2/2008 17:22 by maxmarilli That `s due before end q1 08,so it says on last financials results......the cost saving from reduced headcount should also show positive numbers.....with a bit of luck and especially if these people are committed and serious,hard work always pay.(They build 695 of these digesters,so the committments was there...).Let`s hope the find in china or india a supplier for these missing CERs at a cheap price...or at this price,the trading company that were agreed with could make an offer for AGC.....u never know.....Do you know at what price was the buy-out offer refused by agc, last may-june?cheers,max |
Posted at 06/2/2008 12:00 by dorset64 Tell me someone, the price monitoring rns's, does AGC have to pay for these in the usual rns's costs or is this solely released by the LSE.Dorset |
Posted at 24/1/2008 09:51 by sand frog Kemche, they are showing big trading losses and have had to re finance in order to move forwards, another cut and paste below put shows that their last cash raising was done at a 22x times premium to the current share price ) Debt rescheduling The Company has agreed to repay a convertible loan note originally issued to Laurus Master Fund Ltd, which was due to May 2008. The Laurus note was replaced with a new note to certain affiliates of Laurus due half in March and half in May 2009. In addition, the Company has also agreed to a further credit facility of US$7 million, draw down being subject to certain conditions. The loans will be secured and are convertible into equity at a price of #0.255, a premium to the average closing price of the Company's shares for the five business days prior to this announcement trading levels. In addition, there will be warrant covering 150% of the total investment amount, being the principal of both the original and the new loans, two thirds of which are exercisable at a price of #0.255 and one third at #0.40. The repayment is subject to shareholder approval and finalisation of the transaction with the Trading Counterparty mentioned below. They have Euros 27 mill in the bank , debt approx 18 mill. And are facing fines (big ones) if they do not get their delivery quotas fullfilled, it all hinges on this...In reality its early days a young company that since the IPO has burnt mega cah and made little, the question is do you or i or the mkt now think this is a turnaround or an insolvency situation. Its dicey but any positive news re deliverys and the share price will transform.. I genuinely believe in todays political environment AGC will survive, if they were making baked beans no way, but their not its the hot topic on all governmental agendas...And to be seen to be being pro active means brownie points..... AGC will pull through.. |
Posted at 03/1/2008 08:43 by maxmarilli Tks.knowing...u can also add agc on plus to your advfn monitor adding AGC.GB.i just done that....the little buy was mine,still waiting for funds to buy big...we should hear soon about developments,imho. |
Posted at 05/12/2007 11:01 by silkcut5 IF YOUR UNSURE ABOUT WHAT AGC DO PLEASE SEE BELOW.About AgCert AgCert, headquartered in Dublin, Ireland, was founded in 2002 for the specific purpose of generating large scale greenhouse gas (GHG) emission reductions. AgCert's proprietary systems and processes include a United Nations-approved methodology for the reduction of GHG emissions from modified animal waste management systems. The ratification of the Kyoto Protocol has created demand for certified emission reductions (CERs). The purchase of CERs enables GHG emitters, including countries and commercial entities such as power generators, to keep their emissions within limits determined as part of the Kyoto Protocol and the European Union Emissions Trading Scheme (EU ETS). AgCert's ability to aggregate large volumes of CERs has given the company early strategic advantages in the rapidly evolving GHG emission trading markets. AgCert is developing agriculture's unique potential for providing CERs to the market. Agriculture is responsible for around 20 per cent of the world's annual greenhouse gas emissions. AgCert expects to be a leading supplier of CERs from this sector. AgCert has commenced CDM greenhouse gas emissions reduction activities in Brazil, Mexico, Argentina and Chile, and intends to extend emissions reduction activities into additional countries |
Posted at 03/12/2007 10:00 by rammellzee stabilo90 - but would they be buying something of any value? It looks to me as either:1) AGC's business model is flawed 2) AGC's management is flawed Either way, I don't think anyone is going to rush to buy AGC, but I could be wrong. |
Posted at 29/10/2007 15:09 by utwiq Well, I still haven't had an answer to anything I said earlier in the month.I said thid on 1 Oct: Explain to me please why this company is worth even £25m. I bought in at 100p and again at 80p before selling (in disgust and anger) at 45p after the results earlier in the year when, after explicitly saying that there was no operational reason for the fall from 160p (wrong, they were not getting the results needed and the business model was totally flawed), they came out and said "and now we shall totally change our approach and become consultants". Perhaps they have some marketable expertise in the sector. Perhaps. But they are virtually asset free and so I think it is no surprise that this is slumping towards zero. A pity (I didn't relish my 50% loss, but I'm very glad I took it!) as I'm quite keen on AGC's parent, XLT, but I'm waiting for the implosion here to lower the share price there. And I have to say that the woeful performance of this company does make me look less favourably on the XLT Group as a whole... And then on 2 Oct: charlie - I think you're right re XLT's continued support for AGC, they felt bound to support it (perhaps in part to ensure that the Tyratech float went ahead without AGC putting off investors?) but are keen to minimse continued involvement and exposure. Hence their own presentations predict only a modest contribution from AGC to overall NAV, and that may itself be an exaggeration. To be fair, however, the private group funding AGC and XLT do seem to be willing to take AGC stock (from XLT) as interest payment. So maybe they are a little keener on AGC's prospects than are we. Having said that, this may be the consequence of XLT having signed a shrewd agreement back when AGC looked good... I may be being much too harsh on managment (especially of XLT; that of AGC, well... I am still quite put out!). Sometimes business models fail, especially when you are applying new technology in the real world, with the overlay of a complicated and uncertain regulatory environment. I'd be interested to hear from any present holders of the stock to understand the present investing logic. Trading is a different matter. Maybe they will pull back from this. Certainly on MCap alone they are one of the cheaper carbon trading outfits. But then they don't have the assets (cash or carbon) that others have. |
Posted at 02/10/2007 13:37 by utwiq charlie - I think you're right re XLT's continued support for AGC, they felt bound to support it (perhaps in part to ensure that the Tyratech float went ahead without AGC putting off investors?) but are keen to minimse continued involvement and exposure. Hence their own presentations predict only a modest contribution from AGC to overall NAV, and that may itself be an exaggeration. To be fair, however, the private group funding AGC and XLT do seem to be willing to take AGC stock (from XLT) as interest payment. So maybe they are a little keener on AGC's prospects than are we. Having said that, this may be the consequence of XLT having signed a shrewd agreement back when AGC looked good... I may be being much too harsh on managment (especially of XLT; that of AGC, well... I am still quite put out!). Sometimes business models fail, especially when you are applying new technology in the real world, with the overlay of a complicated and uncertain regulatory environment. I'd be interested to hear from any present holders of the stock to understand the present investing logic. Trading is a different matter. Maybe they will pull back from this. Certainly on MCap alone they are one of the cheaper carbon trading outfits. But then they don't have the assets (cash or carbon) that others have. |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
