Aortech Share Discussion Threads

[1prophet] 13/8/2012 13:40

The pot is cookin!

[zaksab] 13/8/2012 12:11

smart way to get the info out - support the share price - increase the final takeout offer if there is one.

[zaksab] 13/8/2012 12:11

smart way to get the info out - support the share price - increase the final takeout offer if there is one.

[spurious] 13/8/2012 12:01

Very positive

[harrogate] 13/8/2012 10:54

That sounds very promising indeed. I have been away for 2 weeks and watched the fall in share price with dismay and indeed did assume that we were struggling to attract interest and management had messed up. With this level of interest we have to assume that we will now get what the company and its technology is actually worth so can't ask for more from the process.

[gac141] 13/8/2012 10:50

The fact that we have so many possibles should lead to a very successful auction process.

[gac141] 13/8/2012 10:39

A very welcome update from the company... They are clearly on plenty of perspective buyers shopping lists....

[papillon88] 13/8/2012 10:37

One has to assume of the 11 parties one will be STJM

[glasshalfull] 13/8/2012 10:34

Agree. Certainly suggests no fire sale here...with shareprice reacting accordingly.

Regards
GHF

[papillon88] 13/8/2012 10:12

VERY POSITIVE RNS

[deswalker] 08/8/2012 16:55

1400,

They claimed they had to make such a disclosure in the interests of transparency, that they had been advised as such and that FinnCap and/or Piper Jaffray had been heavily involved in the wording of the RNS. Believe that as you may ...

One possible consequence is to try and temper expectation of an eventual sale price. I'm sure you appreciate that there has been talk of £10 per share or even quite a lot more. Such figures never stacked up to me but others held those views. Perhaps candidly explaining the situation was designed to bring about some realism ? Alternatively it was yet another instance of the company shooting itself in the foot, although I find that hard to believe with Bill Brown and Eddie McDaid effectively leading the strategy. These two strike me as rather more switched on than our CEO and former Chairman ...

Des

[1400] 08/8/2012 16:32

Why would anyone back themselves into a corner by offering the company for sale and then admit they need to raise money. Stupid f....s.

However buying today seems a reasonable idea, good luck.

[deswalker] 08/8/2012 15:59

Management have reassured shareholders that their interests are entirely aligned with those of all shareholders so I think talk of a pre-pack is wide of the mark. They will either feel the same pain as other holders (pro-rata to their holding) or they will benefit accordingly.

The impression I have got from conversations with management and other shareholders is that the sale process is going to plan and that the share price drop is out of kilter with the prospects. That said, we have been fed so much bs from management over the years (admittedly not Bill Brown or Eddie McDaid but the former Chairman and current CEO) that we might just be being fed some more. Alternatively we will finally see some of the value crystalized. I say "some" as I find it hard to believe that a full price will be achieved for the IP unless there are multiple competing bids.

We all know that Elast-Eon is Optim but I also gather that EcSil is intimately linked to other next-generation STJ products. I would be amazed if STJ played the "we'll buy what we want out of administration" route when £3 per share is highly likely to get a Recommended Offer for the whole company from management and AIT all of whom must just want their money out and to move on.

Interesting times ...

[landy90] 08/8/2012 15:22

Bearfoot
I think you will find Active Capital are "insiders" at the moment, Bill Brown the manager of ActiveCapital is the new Chairman of Aortech and took over that role on the day the sale process was announced.

[narindg] 08/8/2012 14:59

bought at 146 .. what a recovery...

[papillon88] 08/8/2012 14:50

buyer of 10 000 at 14:47

[glasshalfull] 08/8/2012 14:39

Didn't ever think I'd get the opportunity to buy in here sub 150p.

Negligible volume precipitating this fall with stock appearing to have been indiscriminately marked down. Surely the current market cap is chicken feed to would be suitors looking to acquire the IP?

Regards
GHF

[bearfoot] 08/8/2012 14:20

Ginger, if the company is placed into administration - which seems the likely outcome if they get 'no (material) bid' from anyone then it is extremely unlikely that shareholders will get anything, especially with cash running out soon in a shrinking number of weeks.

I hope there is not some sort of pre-pack going on here....ie "allowing" the company to go into valueless adminstration so that the IP can be picked up on the cheap by some phoenix type company....at the expense of the minority shareholders. the lack of comment/reaction from the company to the recent collapse is making me very wary indeed....

I'd certainly like to understand the current actions/involvement/strategy/views of very much the largest shareholder Active Capital (AIT) who are known and have stated they are actively trying to sell. Their 900k shareholding is now worth just £1.3m...a whopping £2m loss (down from over £3.4m) in a couple of months, which for an Investment Trust with a market cap of under £7m is a HUGE loss/exposure.....so where are they in all this?

[1prophet] 08/8/2012 13:14

Those that sell at this price may regret

[papillon88] 08/8/2012 13:12

Like I said before STJM obviously feel that whatever happens to AOR it will have no impact on their business they either have got a seal tight law case on future rights to the IP or they can produce it themselves.
For the price to fall at this rate and mms offering huge sizes on-line suggests the company is having no succes with potential buyers.
The board and directors have to be held accountable for this farce

[gingerplant] 08/8/2012 12:53

Surely it's a fairly straightforward thing? If there's interest from anyone else besides St Judes at any point, then the shares will multi-bag. If not, ST J will get it at a fire sale price for the IP or the whole co. before or even after administration?

If it's the latter, then the administrators themselves are always the first to get paid - so you'd eventually get something back on the shares.

The market is clearly telling us no-one else is currently interested - but that could change.

Looks like the kind of binary bet BB posters like to talk of???