Auction Technology Share Discussion Threads

[ukmassy] 10/6/2012 14:11

27 Howard, What about this week?

[27howard] 10/6/2012 13:22

If they could get 10 million they would have sold it, will be difficult in this enviroment to get a fair price for anything, still if both are profitable then there is still hope here so I might have a punt again next week.

[akaaur] 10/6/2012 12:57

27howard i was also looking at figures, i find it hard to believe what most posters are saying about the figures, last year the technology business made 1.1million profit, from sales of 7 million, and this year they have made sales of 8million, and have had a significant contract win which has not been included, regarding liabilities, its only the bank who wants the money not other debtors at the moment, the tech business has an evaluation of 10million based on that profit, the reason why they had a loss was because of the health business which has now closed, so if a profit is reported, just ten times it and that will give you an idea of how much the business is worth

[27howard] 10/6/2012 12:29

SilkStag Are you saying they are not saying the truth, at 0.39 mil market cap I could be tempted to take a gamble again. "Having tried, unsuccessfully, to persuade investors to back our efforts to raise new equity to pay down both bank and vendor debt, we are now working with our bank to find an alternative solution. We have two profitable and highly promising technology businesses which will now 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. "

[bubble pricker] 08/6/2012 19:16

where are the Interims? Where is Digitalis?

[akaaur] 01/6/2012 12:25

if what you saying is true, its shocking the professionals havent picked upon this yet, thats what makes me disgaree, if they are fiddling around, major investors who have invested not thousands but 10s and hundreds of thousand why havent they picked upon this, you could be right, but hard to beleive,

[rachit7] 01/6/2012 07:23

http://twitter.com/#!/Phil_bChannels akaaur i also think adventis has the full support of the bank,see below,i found it this morning on linkedin,CID facility is a big positive if it refers to Adventis which i feel it does Running a rolling 13 week cash flow forecast for various stakeholders including the bank; implementing a CID facility and managing treasury through changing levels of bank funding; organising the orderly closure of one of the businesses in the group (including project and WIP wind-down, staff redundancies and compromise agreements); unwinding working capital after sale of goodwill and trade in two other companies; and stakeholder management . http://www.linkedin.com/in/claireburden

[345654] 31/5/2012 13:00

I'm guessing he has some 200 names set up as his disposal UKM, so people like me and you will get accused of being them by the likes of topinfo and gang. Click on the posting history for conformation

[ukmassy] 31/5/2012 12:56

34, Is buystock the same as Bricktytoon who was ramping SGG a few weeks ago?

[345654] 31/5/2012 12:55

Loverat Check out MDC thread, buystock going mental with different names !

[silkstag] 31/5/2012 10:19

ATG accounts for y/e 31-12-2011 due by end of next week. Might be delayed if plan to delist shares or place into Administration, but expect: 1) Nail in coffin, £5.7m loss for 2011. 2) Nail in coffin, net liabilities £5.2-£5.7m excluding tech 'goodwill' and property/plant/equipment. 3) Nail in coffin, Tech burned £303k cash into plant/equipment in first six months of 2011 and maybe more in second half. A buyer will pay £0 for those 'fixed assets'. 4) Nail in coffin, Tech ad agencies goodwill falsely x3 over-valued by Winks/Pearson on p/e of 17, to try to cover up the net liabilities deficit 5) Winks/Pearson will repeat what they said on 20-1-2012 "2011 was not a good year...although we have made reasonable progress...selling...underperforming businesses". They valued Adventis Coltman goodwill at £3,254,000 on 27-9-2011 then sold it for £0 ten weeks later. It is a lie to say that was 'reasonable progress'. That was a nail in coffin catastrophe. 6) Winks/Pearson concealed in the 20-1-2012 RNS in breach of AiM Rule 10, but here they must disclose, that tech operating profit tanked from £1.1m in 2010 to £0.5m in 2011. Nail in coffin. 7) Winks/Pearson will puff how well tech is trading in 2012. After 2011 collapse, no surprise the bank required its sale and investors refused to subscribe any ATG shares even at 0.5p. Two nails in coffin. 8) Winks/Pearson bullsh*t on 20-1-2012 "the directors view the future prospects of the Group with cautious optimism". Horrors on 10-5-2012 "unable to proceed with the Capital Raising...if insufficient funds were realised from a sale of the Technology division...appropriate action...may...include...an insolvency process...technology businesses...now have to be sold to pay this historic debt". Lesson: dont believe their bullsh*t. Conclusion: Accounts will prove beyond any doubt that shorters can ride ATG into Administration or Liquidation. I'll post the Statement of Affairs which Winks/Pearson will then lodge at Companies House, showing the multi-million pound creditor deficit thus 0% chance of any shareholder payout.

[silkstag] 30/5/2012 21:25

Digitalis, you opened this thread on 1 May 2012 to pump the ATG share price when it was 4.2p. You said "A little company that is dear to my heart,i like the approach of the new management Mr Nick Winks CEO and his CFO Andy Pearson...investing in the technology side". 9 days later, with the price in free fall, Winks/Pearson were required to issue an RNS admitting that nobody would subscribe for shares at any price so the bank had demanded tech be sold. The price is now 0.9p and sliding to 0p, rounded up from the expected liquidation deficit of -4p to -8p. You already 'look a complete fool' having pumped a share 9 days before it tanked 80%. Your subsequent pumping makes you look like a porky peddler. As usual, my post cites the facts on which it relies. As usual, your post is based on falsity.

[bozzy_s] 30/5/2012 18:32

405 shows an example of a genuinely libellous comment !

[digitalis] 30/5/2012 16:57

ah private frazer......not long now stag before you look a complete fool.....lol

[silkstag] 30/5/2012 16:54

My valuation of tech at £1.6-4m factors in the assumption tech is growing well in 2012, trying to recover from operating profit tanking from £1.1m in 2010 to £0.5m in 2011. Problem is £5.5m or more net liabilities which dwarves the tech valuation, and bank has forced sale of tech to cover its £1.5m. That is why ATG is 'doomed'. Tech isnt doomed, it will continue in a buyer and management ownership. But that doesn't help ATG shareholders or the £1.5-2.5m net trade creditors at liquidation. Posting bits on Tech hiring people or them doing some work is thus irrelevant.

[digitalis] 30/5/2012 16:12

lol.......drying up down here diku.....correction overdue imho... order being filled i suspect.....a few k sells but no effect on the 250k wanted online all afternoon...

[diku] 30/5/2012 16:09

Charts looking very slippery..

[digitalis] 30/5/2012 16:04

jon busby senior copyrighter back at Adventis HQ after 12 months... https://foursquare.com/busbyjon/checkin/4fc632e2e4b003551207edcc?s=R9AB5M9X7-73qPl1HgvCv5A6wXI&ref=tw