Aortech Share Discussion Threads

[bearfoot] 08/8/2012 12:46

I can only assume that this is going belly up (i.e they have recevived no material interest in the company) and/or someone is trying to sell a chunk 'at any price'. Why else, in the absence of any actual sales (indeed, as Kampong says there are net buys) would the share price collapse so alarmingly? The MMs will not be marking this down so aggressively unless they either know something or there is selling pressure from a (desparate? knowledgeable?) seller or two. Given the startling share price collapse and the apparent situation where there may appear to be some 'inside' knowledge/activity which is crippling the share price then it is imperative that the company now makes an offocial statement if only to declare they 'know of no reason for the share price collapse...and remain confident (of something!) etc....' Continued silence is not acceptable in these circumstances.

[kampongman] 08/8/2012 11:17

I don't understand what's going on. As far as I can see from recent trades there have been more buys than sells. A couple of weeks back 2 * 36k trades and in last few days a couple of 10k buys.

[papillon88] 08/8/2012 10:15

This is ridiculous now

[1400] 07/8/2012 16:19

Thanks, truly frustrating.

[spurious] 07/8/2012 15:47

Hi 1400
Im sure we all share your frustrations but the Co is in total clam mode and will not chat about anything they feel may influence the bid process.
Hope this helps.
The last comments attributed to a certain Board member suggested the heart valve alone could be worth a considerable multiple of the then share price and although this was an enthusiastic guesstimate it would not have been unreasonable to assume a share price of £10 for the valve alone.I think this was alluded to in posts at the time.
Time has shown that enthusiasm can get in the way of reality but I think the heart valve is undoubtedly valuable and desirable to at least 2 of the larger players whether this draws a bid or bids for it alone or the company as a whole or even a joint venture we wait patiently.
We must remember also the worth of Elasteon and Ecsil and their importance to potential bidders particularly St Jude and their rivals.
As a company we are only worth what someone is prepared to pay and the fact that Piper Jaffray are conducting the sale means market fear reflected in current share price should not be a major influence and hopefully underlying value can be realised particularly if we have more than one bidder
I do think we would not be involved in this process if interest had not been shown
regards SP

[1400] 07/8/2012 14:47

Now I've got that off my chest I would like to add the following: we need a proper update on our PHV technology. We own the IP now and there is no reason why we can't, as shareholders, be appraised of it's value. The company is most likely basing it's future on the PHV and we are completely in the dark. This is the honest way forward and it would probably give a boost to our share price. If you agree perhaps somebody with contacts with the management might promote this suggestion.

The other side of this is that we remain in the dark and they do a deal we will have no way of knowing if its fair.

[1400] 07/8/2012 13:55

I just deleted my post as it was unprintable!

[deswalker] 06/8/2012 11:22

Even if there was a 1% chance that AOR's demise would have a detrimental effect on STJM,there would be a bid or a contract renegotiation by them.
They must be 100% confident that whatever happens to AOR will not affect their business

Either that or they will buy AOR.

[papillon88] 06/8/2012 11:11

We have all agreed that the value of this company is in the IP, the balance sheet and financials dont warrant a value or a very small one at that.

My concerns are why is a competitor not interested in bidding for AOR or why would STJM allow this to occur and not bid themselves.

Even if there was a 1% chance that AOR's demise would have a detrimental effect on STJM,there would be a bid or a contract renegotiation by them.
They must be 100% confident that whatever happens to AOR will not affect their business

[the prophet] 06/8/2012 11:02

-you'd like to think not, but 9 times out of 10 the share price direction is a good indicator of whats happening. As AOR are so secretive, who knows, perhaps a mega bid is round the corner and the share price just reflects investors selling into the uncertainty. Perhaps this is even what AOR had in mind, unless, ofcourse, they are just plain stupid and incompetent, which, given their track record, is a real possibility.

[gac141] 06/8/2012 10:59

Someone thinks it is worth putting in £17000 in.... can they be so wrong?

[deswalker] 06/8/2012 10:59

I'm not sure too much can be read into the market. The volumes have been tiny and there are no buyers with all the uncertainty. I'm also unsure of the logic that says any buyer should just wait for administration. I'm no corporate and/or IP lawyer but there might be all sorts of issues in such a scenario, not least how easy it is to actually acquire in-body patents in such a way.

But, people must make up their own mind and I would not attempt to deny that it's a mess and needs clarification asap.

[the prophet] 06/8/2012 10:50

-trouble is, with the cash running out in a matter of weeks now and a contract with St Judes that seems to be all one way, who's going to pay more than a few quid for it? Just wait till the cash is out and take it on for nothing, market seems to be indicating thats where its heading.

[deswalker] 06/8/2012 10:42

I have no news.

But a conference call held with management a couple of weeks ago offered reassurance that this process is all part of the plan and not an act of desperation. The indication that they will run out of cash by October would seem to indicate the latter but that really wasn't how management came across.

Either they will prove right in their continued beliefs or they will prove to be clueless. The share price is already below the £1.92 where Frank Maguire bought 25k shares on 12 Aug 2011 and I gather he realized other investments especially to make that purchase. Could he honestly be so out-of-touch with reality ?

We will find out in the nearish future whether all the IP and manufacturing know-how within this company actually has real tangible value. I find it very hard to believe that it isn't worth over the current $13 mill to somebody.

[bearfoot] 06/8/2012 09:59

I fear we are 'stuffed'. :-( Any views, or preferably, news?

[1400] 03/8/2012 15:58

Yes I think they could update us re the heart valve maybe. There are posters on here who better understand the AOR technology than I do but I don't believe today's valuation is anywhere near right.

Having to declare all trades for the one percenters and above has really shut done dealing, otherwise we might have seen bargain hunting.

[bearfoot] 03/8/2012 14:42

so, the market cap of the company has now halved in the very short time since 'they' announced the company is to be sold (and at the same time saying they will run out of money anyway!). In the absence of ANY update/news I fear the worst and that there is little or no actual or perceived value in the IP they have licensed..... in the light of the decimation of the value of the compamny surely if there WAS interest then SURELY 'they' would be duty bound to comment???

[1400] 03/8/2012 14:18

Come out with takeover announcement and then tell us they're out of cash!!! What a bloody bunch of amateurs.

On a serious note I still think we'll come out OK.

[1400] 02/8/2012 09:47

That's certainly my concern but they have a record of keeping us in the dark. It's negligence in my book.

I'm still hopeful of a good outcome but my confidence is somewhat shattered.

[papillon88] 02/8/2012 08:11

1400,
the picture is becoming clear to me:
-we are running out of cash
-STJM have got the rights to the IP
-no one is interested in making a bid

down 8.5p on 1 sale of 1000 today

[1400] 01/8/2012 12:17

What a mess! A takeover and the stock drops 30%.

Somebody get a grip and put us in the picture this is just ridiculous.

[gac141] 31/7/2012 08:14

Pre-lims out 1st Aug last year.. Anyone know when the results will be out this year?

[gac141] 30/7/2012 18:09

Sincerely hope you are right 1Prophet.

[1400] 30/7/2012 16:05

Can you elaborate?

[1prophet] 30/7/2012 15:15

Events may be unfolding.
Aortech could be more popular than investors think.
Always the way!