Agcert Regs Share Discussion Threads

[devbod] 27/4/2007 09:49

I've lost 18k on this, my worst ever loss. I hope utwiq that yours was nowhere as bad. If anyone knows the most effective way go about registering a formal complaint to the market regulators then I'd be grateful to hear it.

[utwiq] 27/4/2007 09:33

I am surprised to see it rise, although maybe as you say DevBod it is just relief that they have finance. Which is of course better than not having it, in which case bankruptcy would have loomed. Still, while 50p seems low, you can shave a lot off of an MCap of £80m... so I have little confidence in it sustaining a further rise. Again, however, I have no idea what will happen; but I no longer trust management projections so I'm out.

[charlie11908] 27/4/2007 09:32

If they now have no need for money for the market,
the market will have no need for them!!!

[charlie11908] 27/4/2007 09:31

Todays news does nothing more than admit the
original business model is phucked and the US brokers
were absolutely right!!!!

[devbod] 27/4/2007 09:31

> then the 2 big shareholders will take it private

Getting shareholder approval wont be hard if the fundraising goes through. They already control roughly half and will have control over all the newly issued shares. All they need to do then is announce a delisting and they can hoover up any remaining small shareholders at a steep discount.

This stinks yet the share price has actually risen slightly. Hard to understand why, other than hope for a recurrence of past rises now that financing is sorted. Cannot see anyone trusting any management projections, either past or future.

[utwiq] 27/4/2007 09:13

The stark contrast, with no explanation whatsoever, between the recent bullish trading statements and today's "we are shifting business model" is the main reason I sold. And I agree charlie, Merrill Lynch knew what they were talking about. Fancy a class action lawsuit against management for frankly deceptive statements in the wake of that broker's downgrade (ie. saying "everything operationally is fine")? I guess they have wriggle room in saying the change in plan is primarily strategic - because of policy changes - rather than operational. But still, not at all impressed. I invested on the basis that management was telling the truth back then, and it seems I was wrong. Can't win them all, but not happy.

[devbod] 27/4/2007 09:12

There's a lot to read this morning but one thing stands out. Agcert had denied production problems and claimed the buying out of contracts to deliver CERs had been a financial move to benefit from higher open market prices. They now admit this was a blatent lie, production rate is only a third of that claimed and they had to buy out of the contracts as they were not able to produce the CERs in the numbers needed. They raised money based on this deceit and the parties to this are still running the company. They are also involved on both sides of the proposed placing.

The directors clearly misled the market. I suspect Laurus may have grounds for legal action to recover their money if they choose to pursue it.

This is one of the worst cases of deliberate deception by company management that I have seen. Hopefully one of the large holders not party to the current fund raising will think it worthwhile to take legal action and get rid of the current management. Given the apparent involvement of some major shareholders I suspect any shareholder revolt is doomed to failure.

[charlie11908] 27/4/2007 09:02

Makes pretty grim reading....


caveat emptor!!!

[devbod] 11/4/2007 17:14

Not now that I've sold the last of my shares, no ;)

I'd be sceptical of the chances of a hostile bid. With some large shareholders I doubt management would have terminated talks against their wishes. Assuming thats the case a hostile bid would presumably be doomed to failure.

Will watch from the sidelines.

[charlie11908] 11/4/2007 15:59

Would'nt it be nice to discover that while the company had
called off discussions with an interested third party, the
interested third party turns out to have a different opinion?

[charlie11908] 10/4/2007 15:22

They never said who the party was that they were talking to....
and I never believed it was anything other than a set up to
shore up the share price!!!



Caveat Emptor!!!

[wiganer] 10/4/2007 14:10

Hardly a surprise, surely?

[nilip] 10/4/2007 14:03

Agcert Offer Talks Terminated


RNS Number:6093U
AgCert International PLC
10 April 2007

AgCert International Plc

Offer discussions and financing update

Further to the announcement on 9 March confirming that AgCert was in early stage
discussions with a party that may or may not lead to an offer being made for the
Company, the Board of Agcert confirms that offer discussions have now been
terminated.

As stated on 13 March the Board is continuing to progress a proposed fundraising
in order to implement its new strategy and will update shareholders on
developments as appropriate.



Oh well :-((

[asparks] 03/4/2007 16:28

looking better

[asparks] 02/4/2007 16:57

5-day chart showing bid/offer spread shaded - - - - - - - - - - - - - - - and intraday chart

[asparks] 02/4/2007 16:56

interesting. loads of large buys today.

[va va voom] 30/3/2007 23:04

You have been warned previously. I do not have any position but would not touch this company with a barge pole at the current share price and lack of visibility going forward. I would anticipate major share dilution very soon and a further serious collapse in the share price

[devbod] 30/3/2007 22:13

you are not alone! Won't be dull for the next month. Deadline to repay 14m shareholder loan expired today, takeover talks ongoing and delayed final results out end of april. share price will be completely dependent on how these pan out.

[asparks] 30/3/2007 15:37

I'm still in here. Anyone else?
Any views on where share price may go in short - med term?

[asparks] 19/3/2007 19:55

5-day chart showing bid/offer spread shaded - - - - - - - - - - - - - - - and intraday chart

[lbo] 19/3/2007 16:33

This guy is the kiss of death!


Paul D'Alton
Finance Director
Immediately prior to joining AgCert, Mr. D'Alton was Chief Financial Officer of Waterford Wedgwood plc, a position he held from May 2004.

Waterford has gone down the toilet and had multiple discounted Rights issues along the way!

Its fallen from over 50c to 6c

[charlie11908] 19/3/2007 10:02

Dont you recognise a set up job when you see it?

[its the oxman] 19/3/2007 09:36

at least bid spec has provided a great opportunity for those left trapped to exit - seems to be on the slide again now though.