Auction Technology Share Discussion Threads

[27howard] 11/6/2012 11:59

Best to wait until the company provides another update, do the disposals improve the liability situation SilkStag ?

[silkstag] 11/6/2012 11:36

Gents, tech businesses operating profit was £1.1m in 2010 but crashed to £0.5m in 2011. You are quoting false numbers. Your talk of £10m valuation is a fabrication.

[27howard] 11/6/2012 11:19

1.05p offer now, 1.3p paid earlier

[27howard] 11/6/2012 10:49

Here we go again :-))

[bubble pricker] 11/6/2012 10:10

Rachit, ATG is bust, you will lose your money. Late results speaks volumes.

[27howard] 11/6/2012 08:13

Ok gambled on a 100k, been a overhang but I think it is clearing, 100k left online at 0.88p, can I have 2.9p please again :-))

[rachit7] 10/6/2012 18:19

Nice summary digitales

[ukmassy] 10/6/2012 17:23

The week starts on Sunday on most. Calendars 27 H!

[27howard] 10/6/2012 17:00

UKMassy Depends if this week ends today or starts tomorrow, now I'm confused :-)) SilkStag, do the two disposals improve the liabilities then ?

[rachit7] 10/6/2012 14:47

the management are well respected,they are in demand through Waypoint Change working with major banks/accountancies on some very big projects,the attack on our CEO/CFO is totally out of order imho the fy results will be what was projected in the jan 20th rns,what really will put the cat amongst the pigeons is the trading update promised with these FY figures,now to value the tech businesses 5 months trading in 2012 will give a very good indication of the asking price,yes the market is not good at the moment but second2/bchannels is a top 10 marketing company that will have a lot of suitors jockeying for those blue chip clients,and a bidder will not want second2/bchannels to go into admin as that would damage client relations imho. What has also failed to be mentioned is bchannels/second2 now have a foothold in US through San Francisco and the Utah branches,we await a report on that development

[loverat] 10/6/2012 14:21

I am out of these for now. But I will be fascinated to see how this pans out and who is correct here. Silkstag has backed up his view with figures although I have seen impressive calculations before which have omitted something very important or been based on inaccurate information . If he and the others are correct then I think that might raise a few questions about RNSs and whether they might be considered as misleading. Let's wait and see.

[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