Auction Technology Share Discussion Threads

[falia] 28/5/2012 08:53

red to blue today all sellers out now

[digitalis] 26/5/2012 16:24

nice clip of info from bchannels latest employ.....



Program Manager

bChannels

Public Company; 11-50 employees; Information Technology and Services industry

May 2012 – Present (1 month) Oxford, United Kingdom


In my role as a Marketing Executive, I have been working in different projects, showing multi-tasking and self-management skills. Always committed to learning, I was chosen to take part on a High Potential Employee Program; as part of this development program, I have been running an internal project to migrate to SharePoint 2010, identifying key functionalities that can bring benefits to the business.

• SAP: as my main project, I have been establishing contact and supporting SAP partners in the development and implementation of marketing campaigns. I have been building key relationships with SAP stakeholders, in the EMEA region, to promote an online marketing tool to create leads and increase sales for VAR partners. We have been delivering value added processes to increase efficiency of the tool; these processes have been leveraged globally and have helped bChannels to be contracted to support the program activity in LATAM.

• Google: identify and prioritise potential partners for the Google Channel Sales team in the ES and UK market through desk based research.

• Intel: leveraging global solutions for APAC region to increase exposure of Intel partners. These global solutions help partners to acquire new leads and showcase latest products and offerings.

• Lexar and Autodesk: I carried out web assessments to identify how well the brands are represented in partner's websites, through these analysis we have been able to present high level recommendations to better engage with partners.

• Quick Arrow: assisting the Operations Manager with time, expense and billing management

[silkstag] 26/5/2012 16:15

£6m net liabilities at 30-4-2012.
Only £0.4m earnings distress sale of people businesses, management mainly out of lock-in so taking half of sale proceeds.
Sale may cover bank's £1.5m and some of earnout £2-2.5m.
But £2m other net liabilities will never be paid.
Directors, advisors and liquidator £1m fees on top.
Liquidation deficit will be -4p to -8p.
That assumes Tech strong growth in 2012 else deficit wll be more.
Shares worth 0p, rounded up.
These are the facts the bulls dont want to talk about.
Instead bulls serial post bullsh*t.

[digitalis] 26/5/2012 15:42

ah rachit7 your english has improved....


anyway my views from thurs......

....now this is my humble opinion,i feel an offer for the second2/bchannels business may have been pencelled in....someone outside ATG has an idea if a bid for our tech is successful it will leave x amount of cash on the books.....now if i was going to make a bid for two very well managed profitable businesses i would hoover up as much stock as is available up to the point where when the offer is announced it would generate profit from the stock purchase value increase?......thats one reason,the other could be getting towards 1st half results the increased revenue/profit from the tech side would indicate a much higher valuation of the tech businesses.....

just my thoughts....i am not a daytrader like stag or his bubble bursting chums,just an investor looking for the best return from this little company.....time will tell,but do expect some accounting bullsh*t from old accounts to make you drop the stock.....


all my opinion peeps.....onwards and upwards....

[rachit7] 26/5/2012 15:33

the activity thursday provided me with the share liquidity to take a sizable stake that was not previously available,the lengthy repetative posts above smack of a desperate shorter or even someone who has an industrial interest here.

My research was completed early lastweek,as ever do your own research and never trust anyone who tries to spoon feed an adult.

rachit7

[silkstag] 26/5/2012 12:24

27 Howard,
re: BP '27howard you are very mistaken. ATG's debt is way more than the 2.4m you are talking about. It will all be revealed in the results' and your reply 'I was only reading what they told me in the update'.

You are correct that Winks/Pearson only quantified the £1.5m bank debt in the January 2012 trading update. But what do you think happened to the rest of the £9.3m liabilities in the 31-12-2010 company balance sheet? Or the soaring £12.5m liabilties in the 30-6-2011 interim Group balance sheet?

Winks/Pearson misled you by omission in breach of AiM Rule 10.

I esimate ATG liabilities, net of debtors, are about £6m at 30-4-2012 (maybe less as Tech earnout could be lower as missed targets and only hit earnings of £0.4m in 2011). Can ATG cover that £6m with sale of the tech subsidiaries? No, not even close!

Distressed sale forced by bank who want £1.5m paid. Management want buyer to pay as little as possible as they will have equity/bonus in newco. Previous £6.7m was paid TO management when ATG bought the businesses FROM management and the earnout part locked them in. Second2 are over 80% out of lockin. So a buyer will have to lock them in from scratch. About 50% of consideratioon will go to management through shares in newco, roll-over of unpaid earnout debt and new earnout. ATG share cant be more than low £0.8m to good £1.6m to incredible £2.4m. Management get £0.8-2.4m on top and the bank will push through any sale which covers their £1.5m.

In a distressed sale the buyer will pay £1.6-4.0m all-in (p/e 4-10) of which ATG share will be £0.8-2.4m. 'Incredible' p/e of 10 can only be hit if 2012 is rocketing. But that still leaves a -4p Deficit on liquidation.

Day traders can gamble away, fine, but BP is right. When the 31-12-2011 balance sheet is issued (in 'early June' per Winks) then insolvency deficit will be obvious.

Winks "Having tried, unsuccessfully, to persuade investors to back our efforts to raise new equity to pay down both bank [£1.5m] and vendor debt [£2.5m]...technology businesses...have to be sold to pay this historic debt. We believe that these businesses should be sold for an amount that is greater than that owed to the bank [£1.5m]."

Winks admitted he hopes to clear the bank £1.5m but was not convinced about covering the management £2.5m. Bad news, Stinky Winky, management will refuse and tee-up a pre-packed Administration with the bank and buyer.

[digitalis] 26/5/2012 11:20

Mmm, case in point howerd27!....one thing for certain pi,s are just fodder for the mm,s.....


a friend of mine had an account with HB.....the times they dumped bad eggs on him it was a crime.....things may have changed at HB,it was a few yr ago....he closed his account after i started monitoring these dogs they recommended to him....

[27howard] 26/5/2012 11:11

digitalis

The last time I got a call from my broker was to offer me stock in CARE at 2.5p, I said no but got suspicious, 2 days later a placing at 1.5p.

[digitalis] 26/5/2012 11:04

whos doin the buying?....in theory mm,s could have stirred up interest because there were no sellers at the 1p level for the last couple of weeks as you say howard27.....this hike created interest for someone to offload but the buyer mopped up all the way to where we started thurs morning!....looking at the trades more closely its about a 70/-30% split in favour of the buyers agreed....


now 2 weeks ago my broker rang me and said the mm,s would take ALL my stock for .75p,my broker told me the mm that wanted the stock made reference to the rns of May 11th that morning actually....now in my eyes that was a dirty scare tactic so i politely declined ..now i have a fair chunk here,it was a serious offer,imho stock is wanted.....please make your own mind up,but if the mm,s are contacting holders through their brokers somethings cookin imho....





nice summary loverat......

[loverat] 26/5/2012 11:00

It is amusing that there are some very determined posters here who talk endlessly of the worst case scenario. Yes - OK we all know it is also as likely things can be worse than was indicated in the last RNS. But I have seen this on various other threads lately and it is not these people pointing out the pitfalls which is noticeable but the endless repetition. I am no conspiracy theorist but at some point you have to ask yourself who these people are and what are they doing here. Are they really concerned about investors so much that they spend all their time here trying to pursuade them to sell? Or is there another reason?

The one slight difference I have noticed here is that on other threads the 'bashers' seem to have a knowledge of that particular company. A basic bit of research yesterday confirmed the people here do not have a good knowledge of the company and its business.

Perhaps they had to be 'bused in' at short notice.

[bubble pricker] 26/5/2012 06:30

27howard you are very mistaken. ATG's debt is way more than the 2.4m you are talking about. It will all be revealed in the results that ATG must publish by 7th June. Why do you think ATG are running publication of the results so close to the wire?

one2many, you will not lose half your money invested in ATG but all of it when they go into administration.

[digitalis] 25/5/2012 23:02

good luck otm......im here if ya need any info.....well the best i can!


the amazing part of this show in the last 24hrs is the virtually identical buy/sells total (if you can trust advfn) give or take a few,coupled with a massive 300% swing from high/low to end up where we started yesterday!......a rout early yesterday to trigger sells after days of stagnation at this same level for a stakebuilder imho....

[digitalis] 25/5/2012 22:57

alexi5......fill in the gaps with silky/capmultibag!.....his agenda stinks......good post.....

[alexi5] 25/5/2012 22:46

Silkstag, I think about your posts and am open-minded about what you are saying, but your -6p claim appears to be based on a very pessimistic guess as to what is going to happen. This figure is based on your estimate of a sale of the tech businesses after liquidation at, at the most, £2.4m. But, the bank is being supportive and letting the company attempt to sell the tech businesses as an alternative to going into liquidation, which would probably mean more than £2.4m - agreed? These companies were originally purchased for over £11m by Adventis! You are right to warn people though and everyone should watch for news very carefully so as not to get stuck with de-listed worthless shares (like my GMG ones!). I am a trader not investor by the way - and I like risky gambles.

[onetomany] 25/5/2012 21:58

Well despite my best advice I took a small punt at the close. Only 100k. Will either double my money or lose half this week. Betting purely on rumour of asset sale or placing agreed. Got them at 1.05p

[kevin 1896] 25/5/2012 19:42

Thanks for the advice silk but I do sometimes like risk as it sometimes pays big. 100.000 shares is only £1000. I lost 10 X that in one day with PYC

Sleep time.

[digitalis] 25/5/2012 19:25

lol....i like it loverat.....its not rocket science,this is a pure battle of value/risk/reward.....




bid 1.0 offer 1.3 09:59:33 .......1st trade yesterday

bid 1.1 offer 1.15 16:30:09.........last trade today



dont you just love the market!......

[digitalis] 25/5/2012 19:08

samaritan....lol.......the sort of poster that has to put a link up to another thread full of deramp material smacks of desperation.......and shows contempt for posters ability to read it for themselves....



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