Asia Resources Share Discussion Threads

[barnetpeter] 23/6/2005 08:22

Took the 0.5p for my remaining 75k; no loss as "free" traded stock but wot a dog! Going to 0.1 - 0.2 I reckon. Nothing much left here to salvage.

[goliard] 23/6/2005 08:18

L2, only one mm on the bid at o.5, next bid is 0.25...!!!!!

[goliard] 23/6/2005 08:10

Share price collapsing, so issuing new shares isn't an option. They either need to be taken over or raise finance from a bank and to get either they need definite orders... which they dont seem to have. Another fantastic Hoodless Brennan tip!

[miamigo] 23/6/2005 08:00

Its not looking rosy- is it ?

I had these in the bottom drawer- I think I might move them to the shreader "in tray".

They say they will need to rase further working capital, but who's going to buy into this?

[lord butterstock] 23/6/2005 07:59

ASR - Outstanding recovery play.. my tip of the year (ASR)

LOL!!!!!!!!!!!!!!!

[miamigo] 23/6/2005 07:56

RNS Number:9266N
Avionic Services PLC
23 June 2005


For embargoed release at 7am 23 June 2005

Avionic Services plc ("Avionic" or "the Company")

Trading Statement


On 3 May 2005 the Company announced that they had been experiencing delays to
certain of their present contracts and that prospective orders had slipped into
the next financial year. The contract delays have caused the Company's financial
position to deteriorate significantly since the announcement.

The Company is currently in discussions to raise the additional working capital
which it urgently requires and a further announcement will be made as
appropriate.


For further information please contact:

Geoff Carswell, Chief Executive, Avionic Services plc Tel: [phone]

Bill Price, Chairman, Avionic Services plc Tel: [phone]


This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTFGGZVNZGGKZM

[shirishg] 23/6/2005 07:28

Post removed by ADVFN

[dell314] 23/6/2005 07:23

The Company is currently in discussions to raise the additional working capital which it urgently requires and a further announcement will be made as appropriate.

Not looking good, at the moment....

Rgds
dell

[shirishg] 22/6/2005 12:52

Post removed by ADVFN

[miamigo] 22/6/2005 12:51

We do seem to have solid support at 1p
LOL

Not only is someone nibbling away at the stock, they are paying little heed to the spread. Must be super confident?

[jda] 22/6/2005 12:32

people are still nibbling away at the stock at full price. Does anyone have L2-How does that stand at present.

[nigthepig] 21/6/2005 16:37

Better trading on this than usual.

[knowing] 21/6/2005 15:13

The thought was there ;-)

[jda] 21/6/2005 15:01

shortlived.......

[jda] 21/6/2005 14:51

We have a tick up!!!

[knowing] 21/6/2005 13:30

Lets hope so.

[jda] 21/6/2005 13:28

volume seems to be picking up.All buys. Has good news leaked?

[gantenbrink] 21/6/2005 10:39

Yes - I saw that late yesterday and wondered if someone knew something so was interested to see whether there was any movement this morning but no - shame!

[zooter11] 21/6/2005 10:08

500,000 at 1.25. over six grand. Thats a vote of confidence

[enewman36] 15/6/2005 11:40

Another lot getting out...this looks doomed to failure unfortunately :-(

[miamigo] 15/6/2005 11:23

Not the best of news........

Avionic Services PLC
15 June 2005

For immediate release

15 June 2005



Avionic Services plc ('Avionics' or 'the Company')

Holding in Company


The Board of Avionics announces that they received notification today from
Waverton Holdings Limited ('Waverton') that they had sold 1,000,000 ordinary
shares of 1p each in the Company on 16 May 2005. Following this sale, Waverton
are interested in 3,000,000 ordinary shares of 1p each in the Company
representing 2.27% of the current issued share capital of the Company. Waverton
consequently no longer has a notifiable interest in the share capital of
Avionics.





For further information please contact:



Bill Price, Chairman, Avionic Services plc Tel: [phone]






This information is provided by RNS
The company news service from the London Stock Exchange

[jeffian] 13/6/2005 10:55

zooter11,

"bust" is only one of the possible outcomes ("the Board...continues to
explore other strategic options, now believes that it is appropriate to raise
additional working capital"). It could raise more capital and soldier on or (the most likely IMHO) it could simply be swallowed by a competitor as IFTE was by Kidde and as I forecast way back on 9/2/04:

With net assets of only £66k at the interims, such an outcome would hardly be a bonanza for shareholders but would at least mean a continuation of the business and employment for some staff. If the new CEO had his wits about him, he would have envisaged such a possibility and included appropriate compensation arrangements in his contract........

Regards, Ian

[zooter11] 13/6/2005 10:04

i cannot believe that a new chief exec would come on board, weeks before the company went bust. The financial position must have been well known to him. Its just a matter of waiting for a new plan. (although it could be a long wait).

[knowing] 12/6/2005 19:51

Think people are awaiting the news.