Aquilo Share Discussion Threads

[tp100] 13/6/2007 09:41

I'm liking the news today. Buying again.

[25wbh] 13/6/2007 09:08

Aquilo Directorate Change


RNS Number:2446Y
Aquilo PLC
13 June 2007

Aquilo plc

Appointment of Director

The Directors of Aquilo plc ("Aquilo" or the "Company") wish to announce the
appointment of Arthur Rackstraw as Executive Director to the Company, with
effect from 12 June 2007.

Arthur Rackstraw, aged 58, has been working at Aquilo since November 2005 as
Managing Director of Aquilo Inspection & Reinstatement Services Limited ("AIRS")
before his appointment as Executive Director. He began his career as a surveyor
and loss adjuster with a number of major adjusting companies. Positions have
included Partner, Group Operations Director and Managing Director for Toplis
Harding Group (formerly Trundle Heap & Baker), Associate Partner for Ashworth
Mairs Group and Special Projects Director for GAB Robins UK Ltd. In 2000,
Arthur led the start up and development of GAB Robins' building repair network,
Sergon BRM Limited, which was sold in December 2004 for #11.4 Million.

Commenting on the appointment, Chris Langridge, Chairman of Aquilo, said: "I am
delighted that the Aquilo Board will be able to benefit from Arthur's great
experience of insurance claims handling. His experience will be of benefit to
the entire Aquilo group and as a result, he has been promoted to Chief Operating
Officer."

"The management skills that Arthur has applied to the AIRS operation have made
it a great success story; it has broken even although trading only commenced
last year. Arthur has already applied his skills to other operations in the
Company. I look forward to working closely with Arthur and the Board to drive
Aquilo forward."

For further information please contact:

Chris Langridge, Chairman, Aquilo plc Tel: [phone]

Crispin Burdett, Company Secretary, Aquilo plc Tel: [phone]

Alasdair Robinson, Noble & Company Limited Tel: [phone]

[yogya59] 12/6/2007 18:05

Hey guys I made a mistake re acquisition of ITS. Although the announcement said as I posted, ie paid for in cash and by a placing, this subsequent announcement shows that Caulfield did take up some shares in the placing.

Aquilo Plc announces that, following the acquisition of IT Solutions (GB) Ltd on
19 June 2006, the following now have notifiable interests in the Company:

Adam Caulfield holds 28,683,259 ordinary shares of 1p each in the Company,
representing 6.8% of the issued ordinary share capital of Aquilo Plc.

Alison McVicar and Michael McVicar, who are connected persons, hold a combined
total of 17,027,753 ordinary shares of 1p each in the Company, representing 4.0%
of the issued ordinary share capital of Aquilo Plc.

The % holdings would have been more than halved in the restructuring and of course they have now lost 80% of their value, but guess these guys selling is one cause of the weakness.

[racertracer] 11/6/2007 13:47

I think you need to ask the question - has any good come of any announcment that Aquilo have made? They always seem to promise jam tomorrow that never comes and I suspect that the next one will be exactly the same as all the rest.

[25wbh] 10/6/2007 07:48

No wonder he wanted to sell them quickly as at today price ,say just 30p is £5142
However news soon !

[yogya59] 10/6/2007 04:28

Looking back the 4,285,715 shares were issued at the old price of 1.75p in November 2006 so this is probably what he has sold. These were worth 75,000. Post 250:1 consolidation though the holding is only what 17,500 shares or so!!

[ibarty] 09/6/2007 13:02

maybe he cashed in his shares in ITS by selling them to Aquilo for cash!

[zetland post] 09/6/2007 11:07

Presumably then the "shares" he cashed in were his rights to the deferred consideration.

[25wbh] 09/6/2007 07:15

Thanks for info Yogya59,bought 3000 more yesterday but they showed as a sale at 31p

[yogya59] 09/6/2007 02:03

25wbh, he never had shares in the first place. when he sold his company to Aqulio he took the cash. the shares issued were placed. To my understanding deferred consideration - which was in shares - has not been determined yet.

[greek islander] 09/6/2007 01:39

It is interesting for those who have been following Aquilo that over the last three to four months sales of stock have almost always been very small indicating PIs disillusioned with the lack of any positive news. Of course if you have a conspiracy theory, then you might say it was the Directors or friends offloading secretly in small batches but really this does not stand up. So, it can be assumed that until the RNS later this month most major shareholders are hanging on. Conversely, they have not added to their holdings as such activity of any consequence would surely have to be the subject of an official announcement.
I have talked to a couple of people involved with Aquilo and they are being VERY tight lipped. Nothing definate but my genuine impression from the glint in their eyes, is that they have something big to tell up their sleeves. To the extent that if it were not for the fact that I try to avoid averaging down in these circumstances when an share price has been dropping like a stone, my hunch would have driven me back in to buy.
Purely on a hunch - I am going to predict startlingly good news in the forthcoming announcement. Of course I understand the sceptics will laugh and I don't blame them for doing so..................but watch this space!

[25wbh] 08/6/2007 19:02

He still sold his shares cheap no doubt???

[cyberpost] 08/6/2007 16:29

that was what i was getting at. he was a director at subsidiary, so no need for an rns. and i go along with your assumption, he was only in for a grace period...allowing a smooth transition.

[yogya59] 08/6/2007 16:27

If U look back at the acquisition of ITS the terms were as follows:

The acquisition price is a maximum of £1.5 million which will be satisfied by a
cash payment of £536,000 and the placing of 50,800,000 new ordinary shares of 1p each at a price of 1.75p with a maximum deferred consideration of a further
4,285,715 ordinary shares at the same price.

Hence he only took cash immediately so unless the deferred shares have been issued unlikely that he had any shares in the first place.

Position

The controlling shareholder of ITS, Adam Caulfield, will join Aquilo as joint managing director of ITS and will work closely with Mike Dean, the managing director of AquiloBusiness Solutions.

So Adam was only ever a director of ITS, never Aquilo so no need for RNS. Maybe the fact that he was joint MD of ITS with Mike Dean suggests that this arrangement was only going to be for the integration period?

[cyberpost] 08/6/2007 16:00

not doubting you mate... just was curious why no rns was issued.

what was Adam's official job title ?

the website is pretty good..

[diagnose] 08/6/2007 15:53

Cyberpost it was AQL that informed me he had left and after a little digging the women I was speaking to informed me he had cashed in his shares. Probably a little more information than she was supposed to give but from the horses mouth. Also I am not the type of person who would say this for effect and am sure anyone could easily check this.

[cyberpost] 08/6/2007 12:10

diagnose, if Caulfield has left why didnt they issue an RNS ?

[diagnose] 08/6/2007 11:03

I have also recently contacted Aql and have been informed that Adam Caulfield has left the organisation and cashed in his shares. Now! he built IT solutions from scratch and it was one of the only growth and profiable areas of this business. Would make me concerned as to why he left. food for thought!

[greek islander] 08/6/2007 08:38

After re reading Yogyas post 1176 I am inclined now to take a positive view of the CEO's email.
It may well be that he is restricted by AIM regulations from commenting.
I still retain a hunch that they are going to make some major positive noises when they finally report on progress re the original company and the recent acquisitions. I wonder what would happen if all the news is very good? Would this stock have the legs to double in price following a positive announcement?
I am looking for a 6-fold increase in share price to recover my original investment.

[mercier et camier] 06/6/2007 19:49

LIGHTHOUSE

Your post shows a maturity and understanding you never displayed when you were holding EIC. Now use it to your advantage (if you can). And I say if you can because it often takes the loss of everything and more for private investors to truly to understand what is going on.

Pick up AQL at this level if you can afford to.

[greek islander] 06/6/2007 13:03

The Directors must blame themselves also for the lack of newsflow.
They have shown a scant disregard for the shareholders who have benn kept in the dark long term and now short term as to how trading is progressing.
When they re-invented Aquilo sacking the CEO their should have been a little newsflow at least as to the progress of the new regime.
An RNS every couple of months would have been very apt in the circumstances where the share price was dropping like a stone and PIs had absolutely nothing to go on so of course many panicked out. Absolutely understandable - there are such things as stop losses or does Aquilo not understand even the most basic economic facts?

[lighthouse] 06/6/2007 12:55

The reason is simple and it is because the market as a whole is totally bent.

Hundreds of new companies are admitted each year onto AIM and once the market makers are happy that the bulk of the shares have been taken up - they collapse the price and keep it firmly nailed to the floor (no matter what).

Provided they collectively act in unison there is not a thing which can be done about it.

This is fundamentally what pays for the 100's of + million pound bonuses which are paid out every year in the financial sector and providing they can continue to find new fodder each year, private shareholders dabbling in the AIM market continue to get ripped off.

Just scan through the share price graphs to verify the trends for yourself.

This is rip off Britain at it's best, and you can be sure that this post will also attract all the right repsonses from the 'paid plants' which scour these boards to tell you otherwise.

LH

[25wbh] 06/6/2007 12:44

The directors knew of no reason why the share price should be so low, if trade was so bad then they would know that the share price would reflect
Not so in my book so they looked for a reason and found one

As a new shareholder to this company the reason could also be large shareholders selling,but i have not had the time to explore this theory