Agcert Regs Share Discussion Threads

[utwiq] 29/10/2007 15:09

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.

[kalmar] 29/10/2007 15:05

WTF is going on here....is it just to drift to 1p with no comment....50% down on my purchase just 5 weeks ago at 22..unbelievable

K

[charlie11908] 29/10/2007 09:39

Long way back!!!!

[paperking] 27/10/2007 11:29

As one who got in around 40p and also a shareholder in XLT I am suffering a serious drop in confidence in my stock picking abilities not to mention a loss of confidence in my broker friend who first put me on to them. My only consolation (not much) is he went in earlier for greater amounts so he is suffering too. If this lot survive the next few months and eventually sign the swap contract this could reasonably soon be a distant nightmare. Wait! was that a cow I saw flying past my window? The long haul beckons.

[charlie11908] 27/10/2007 09:58

Thanks for the reminder Equaliser!!!

The next rns on funding program and diversification will be interesting!!!

[charlie11908] 25/10/2007 17:29

We are all going to be here a long long time.!!



Caveat Emptor!!!

[charlie11908] 25/10/2007 12:57

Caveat Emptor!!

[charlie11908] 25/10/2007 12:54

At first sight I was a buyer on dips....now not quite so sure!!!

Form interim results......



"AgCert has entered into a heads of terms with a major European trading company
(the "Trading Counterparty") under which the Trading Counterparty would assume
up to 4.2 million tonnes of AgCert's customer delivery obligations through 2008,
contingent upon, among other things, final documentation, Board and shareholder
approval and finalisation of negotiations with customers.

AgCert has entered into an agreement that has the effect of increasing by US$7
million, and rescheduling its outstanding indebtedness with Laurus Master Fund,
making the whole of the indebtedness convertible into equity at a premium to the
current share price, extending the due date from May 2008 to half in March and
half in May 2009, contingent upon shareholder approval, finalisation of the
transaction with the Trading counterparty among other things.

If the proposed transaction with the Trading Counterparty is completed....."


Caveat Emptor!!!!

[charlie11908] 25/10/2007 12:51

Falling knife?
Caveat Emptor!!!!

[fingolfin] 19/10/2007 12:45

A real falling knife this one - tempted to try and catch it though!

[kalmar] 15/10/2007 16:10

Yep Wig...yer right...(as one of the first to post on AGC)The graph says it all really.

K

[latifs100] 12/10/2007 14:49

how much cash they got left?,, any ideas on debt levels.. must be abargain at 14p..tia

[sweetymonkey] 12/10/2007 12:08

25p by Christmas

[kalmar] 12/10/2007 10:42

WTF !!...so the share price will just slide to zero...its down over 90% in less than 12 months...and not even a "we know no reson for the price decline"...

the 2 trades I have done before I have cut very quick..now at 13...bankruptcy looming

K

[fingolfin] 12/10/2007 09:59

Cyclingnut - I never believed that 'in talks' story. They never told us who the interested party where and the 'talks' terminated very quickly. I agree these directors are complete idiots though - the falling share price says it all.

[kalmar] 10/10/2007 18:52

I should have clsd..the trade..i just opened at 21...the company has shot it....absolutely no reason to buy here...I still see the potential for a big bounce but the silence is deafening..annoyed at myself..

K

[latifs100] 10/10/2007 16:21

10p... here we go

[rammellzee] 09/10/2007 18:52

& it seems to be working ChelseaPaul! :-)

[kalmar] 09/10/2007 10:11

cheers Paul...could'nt agree more...

K

[chelseapaul] 09/10/2007 01:54

No chance Kalmar - Charlie was trying to ramp the downloads.
I'm short Housing, its a no brainer.

[kalmar] 09/10/2007 01:11

what had the house for sale in Ireland got to do with anything....unless it was the CEO's house and he was looking for a new job ;-)

K