Atlantic Global Share Discussion Threads

[sharecrazyfem] 01/7/2003 18:36

whats the cos website adrian?

[adriand] 01/7/2003 16:36

blopblup,

I dont disagree.

I took my 100+% profit yesterday and expect to be buying back in soon.

I researched this company a while back and invested then. I also check the cos website regularly.

I think the market generally has got ahead of itself and I've banked profits in several companys of late.

[blopblup] 01/7/2003 16:15

Agreed.It will be very interesting too see what the press will have to say about today's announcement and future potential.personally I think alot of those who wanted to make a quick buck have gone and the long termers will now enjoy a good ride.Again I re-iterate my earlier points, that this is a profit making company with a blue-chip customer base therefore it has enormous potential to gain further major contracts.

[littlewillie] 01/7/2003 15:24

Interesting too the Cattles has had a big mention with regard to their own expansion, into private hp I believe.
Wonder what software they will use???????
V.bad day on the market generally and atl increases of past few days couldn't continue on such small volume BUT imho it will start, with the market, to climb
up into the £1 areas.
Good luck all....lw
woftm

[bbbb] 01/7/2003 15:14

it will be interesting to see, after the close, if deals in the pipeline not yet
reported take the volume to a similar level to yesterday.

any predictions for closing price and volume?

[trt] 01/7/2003 15:05

This is the para that matters re future contracts:
""This new contract consolidates our position as one of the fastest growing
software suppliers to the financial services sector. Norwich Union is one of a
number of blue-chip customers we have in this sector, including Barclays Bank,
HSBC and Cattles Plc."

Out of all the blue chip companies that buy ATL's software they mention these four. Norwich union have now signed up so that leaves .....

Expect further annoucenments soon !!

[trt] 01/7/2003 14:56

I reckon Northern ventures were probably approached re selling in order to aid liquidity.

It seems 300k shares may have already been snapped up.

Alroyrob,

Yes you are right there is more to come !!

[mug punter] 01/7/2003 12:53

The sale by Northern Venture Managers is perhaps not surprising and certainly nothing to get concerned about.

They are after all a venture capital fund and probably should not be invested at ATL at all these days since they have now grown out of the venture capital market and have moved on to much bigger things.

[blopblup] 01/7/2003 12:17

However adriand i think the market has reacted negatively but when the analysts and brokers weigh up the signifcance of the deal and bearing in mind this is a profit making bussiness with blue chip clientel(please do your own research and check company web site)then you will see a sigificance of the deal.I put my money where my mouth is and still believe the comments made the other day that this could be the next gresham computing in terms of setting the industry wide standard.As we speak trades are picking up so who know's where this may lead in subsequent days.

[paulkent] 01/7/2003 12:11

good point mug!

[mug punter] 01/7/2003 10:46

One other point regarding future revenues from the new product.

Since Norwich Union are the first client to use the new software their procurement department (despite presumably very satisfactory testing) will doubtless have negotiated an excelllent price for this order even before testing started since ATL desperately needed a blue chip client to initially take up the system.

I strongly suspect that future sales of Adeo Corporate Vision will be a considerably higher than the £200 in this contract since although it is not exactly a loss leader ATL will surely have targeted a lower profit.


Note also the wording of the Norwich Union announcement. The contract is for "an initial 1500 licenses". This strongly suggests Norwich Union will be buying more later.

[paulkent] 01/7/2003 10:33

me neither trt...one thing Ive learned in theh last (often painful!) year (my first) of share trading...is not to jsut auto bank profits because youve made them..otherwise Id have been out of these at 60 to 70p...if u think something has a way to go for solid business reasons, then its nuts to sell it jstu coz youre up...youre always going to lose money on some, so you have to let your winners run as well...and when something starts winning, chances are it wont reach its potential straight away BECAUSE of profit takers...so sitting and waiting is sometimes the most actively beneficial strategy!!..even tho it feels like ur not doing anything!!!

[trt] 01/7/2003 10:22

Paulkent,

you have summed up the situation very well. Many thanks as it saves me writing it all. Let the Mm's play their games , let the price settle and buy again.

Remember this contract is worth £300k. ATL only made £250k profit last year.So put todays annoucement into context.

The shrewd investors will return / top up when things have settled. Watch this afternoon trading carefully, the MM's may well mark up again on very low volume buys.

I haven't sold any shares

[lex1000] 01/7/2003 10:00

Dust beginning to settle normal business resumes shortly imo.

[alroyrob] 01/7/2003 09:54

Well, the panic sells seem to have stopped and I can only see buys again on my screen now.

[paulkent] 01/7/2003 09:44

by the way, has anyone actually thought about wheterh yesterdays announcement about being in "advanced stages" of negotiations might have applied to someone OTHER than Aviva...i wouldve thought that the Aviva deal was prob done by yesterday if they announced it today...maybe there WILL be another one on the way very soon..

[morose] 01/7/2003 09:27

Good illustration of buy on the rumour, sell on the event.
The long termers can top up while the price is low, I'd imagine it will settle down a bit now.

I'm out for the time being, made 25% in 2 days, missed the top selling price, most expensive bowl of Weetabix I've ever had.

May well reinvest later, thanks for all the help on here, especailly trt and lw.
Still watching for next piece of wisdom from trt - don't be too long about it!

[lex1000] 01/7/2003 09:24

With such a low nms MMs have free reign to report trades late.Buys from early a.m. coming through including hefty 40K @ 100p (£10K cheaper to buy now and sitting on £12K paper loss).Waiting for dust to settle and waters less muddy.

[alroyrob] 01/7/2003 09:16

I agree, the announcement of the next client will not be far away.

[nmitra] 01/7/2003 08:58

may be this afternoon. IMO

[paulkent] 01/7/2003 08:57

well 90p is a mkt cap of around £20mill, which i think is more than justifiable for such a strong growth picture ahead for an already profitable company...this contract alone represents a 20% leap in turnover, let alone if they win anymore, or if their other business grows as well..
it also looks as if each contract for the new software will always be lots of licences, clearly its a way for an organisation to improve the way it functions, and at £200 per user up front cost seems cheap if its going to bring managment and organisational benefits..i would imagine that they are already in advanced talks with other companies as well on this...and i think that ONE more announcment will really see it take off...as would clearly indicate a trend of contract sales..id rather stay in thru all this turmoil than risk trying to get out and back in and maybe miss the next announcement..theres clearly no much stock around and it moves FAST when it goes !!!

[lex1000] 01/7/2003 08:39

mms keeping punters guessing intra highs 96p/98p down to intra day lows 68p/70p with bounce between 70p and 80p.

[ttjohnson] 01/7/2003 08:36

Buys/Sells of more than 5k not showing in trades, probably will show up as late.