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Share Name Share Symbol Market Type Share ISIN Share Description
Auction Technology Group Plc LSE:ATG London Ordinary Share GB00BMVQDZ64 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -22.00 -1.82% 1,190.00 1,186.00 1,190.00 1,224.00 1,176.00 1,220.00 122,678 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 34.5 -22.6 -1.0 - 1,190

Auction Technology Share Discussion Threads

Showing 901 to 922 of 1075 messages
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older
DateSubjectAuthorDiscuss
19/6/2012
12:21
Looking at the balance sheet and working out what debt is left other than the one rcapital has bought up -
tomboyb
19/6/2012
12:16
Looks like great news for holders today, Rcapital seems to know what they are doing. http://www.rcapital.co.uk/
mundaka
19/6/2012
11:57
So, SS what do you make of today's announcement? A turnaround firm has acquired Lloyds' debt, presumably at a discount. It is interesting: Why would Lloyds sell their loan at a discount if they could look for full discharge from the sale of the technology business, given they were first in line for that? It can only mean the sale of the tech biz does not even cover the bank debt, let alone the other creditors. What might the intentions of RCapital Partners be? If they wish to turn around the biz, they have to get rid of the debt. How to do that? Pre-pack admin or CVA. Either way, the equity will be zero.
bubble pricker
19/6/2012
11:42
Is this what they mean by 'dash for trash'? Just think - if I had not sold the the shares I bought at .15p the other day I could have had a four bagger today. Just goes to show - not always a good idea clearing out all the old gunge.
loverat
19/6/2012
10:57
You have to laugh.
loverat
19/6/2012
09:38
BP, Digitalis and Rachit7 were in dialogue with Winks/Pearson and the penny must have dropped that Adventis deceived them repeatedly. On 3-2-2012 I posted "I have accused the Adventis Directors of deceit and breaching AiM Rule 10 in their 20 January 2012 RNS...I believe ATG is in a c£5.8m black hole, is bust and shares will end up 0p when the deceit is exposed to all...Digitalis, you are a dupe propogating the Directors' deceit." Digitalis reply on 3-2-2012 "stag look at my profile....i dont do dupe....tread carefully chum". Digitalis, Winks/Pearson have duped your brains out, while you lay there gurgling 'oh, Stinky Winky, dupe me hard' and 'I'm your Digital Gimp, dupe me rough'. Maybe this will coax Digitalis into apologising to the BB. Put another way, Digitalis, are you a dupe or a crook or both? Those are logically your only three choices.
silkstag
19/6/2012
09:29
Winks/Pearson were forced to admit on 13-6-2012: "...Technology division...net proceeds will almost certainly not be sufficient to repay in full the Company's bank debt and other liabilities...Directors consider that it is probable that there is no value in the Company's ordinary share capital...taking account of the ability of the Company to pay all creditors which will include consideration of an insolvency process". No more lies to tell.
silkstag
18/6/2012
18:50
Just seen that. Surprised they haven't started brainless ramping on here to try and shift their insane purchase.
bozzy_s
18/6/2012
16:26
Mug of the day perhaps ? 430k buyer at 0.4 !
345654
18/6/2012
08:24
Winks/Pearson have still failed to correct the false market expectation of performance they set on 20-1-2012: "2011, the Group is expected to report...revenues of approximately GBP29.0 million...operating profit before central costs of approximately GBP0.5 million. Central costs will be approximately GBP1.2 million before interest. In addition, exceptional reorganisation costs...closure of the Health division and restructuring of the board will be approximately GBP0.5 million. Goodwill impairments...Health division closure and sale of the Media businesses will be approximately GBP4.3 million". That implies loss of about £5.6m (assumes £0.1m interest). Under AiM Rule 11, Winks Pearson (and Tom Griffiths at Westhouse Securities) are obliged to correct those false expectations 'without delay'. Deceiving the market is Adventis house style, so please note again, my 2011 expectation: Soil on coffin 1) Loss £8-10m, not £5.6m. Soil on coffin 2) Turnover £0 or maybe £9.5m, not £29m. Soil on coffin 3) Creditor deficit ballpark £3m thus -6p per share. Soil on coffin 4) Maybe also a loss on subletting Adventis House that Winks/Pearson have covered up to date. Given their track record of deceit, further horrors in the accounts should not surprise anyone. Winks/Pearson may continue to cover up their false 20-1-2012 market expectations for 2011 until AiM Regulation or Tom Griffiths at Westhouse Securities or the FSA decide that AiM Rules should not be breached with impugnity, especially by directors with a track record of market deceit.
silkstag
16/6/2012
11:55
At 16:25 22secs on Friday 15-6-2012 someone sold 189,604 shares at 0.18p. I assume that was a short. Unless Directors, Nomad and AiM all show continued contempt for AiM Rule 11, by 8am Monday 18-6-2012, Winks/Pearson should issue the 2011 Prelims and Accounts or a trading update correcting the false numbers Winks/Pearson notified on 20-1-2012. As a reminder, my 2011 estiamtes: Soil on coffin 1) Loss £8-10m, not the £5.5m they notified. Soil on coffin 2) Turnover £0 or maybe £9.5m, not the £29m they notified. Soil on coffin 3) Creditor deficit ballpark £3m thus -6p per share, not "directors view the future prospects of the Group with cautious optimism" they notified. ATG share price should crunch down, guess 50-75%? If so, the mystery shorter can take his high profit margin, made within 5 market trading minutes of opening his short position. If it is 50-75% in under 5 mins, is that a record?
silkstag
15/6/2012
14:34
BP, it is now Bid-Offer 0.15p-0.25p. I believe that will crunch down with the accounts to 0.03-0.05p or similar. Once tech is sold there is nothing left but the worthless property agency (which may be being sold for £1 or closed as we type), and people businesses just cannot trade with liquidation overhanging. The 2011 accounts will show ballpark £8-10 loss in 2011, and £3m excess of creditors. There will just be nothing left to lie or dream about. Normally on AIM, eg technology or mining companies, there is some very remote chance that someone might buy the 'assets', but not here as there aren't any. Winks/Pearson have run Adventis as a Zombie Administration, so that dream (nightmare) has been played out over the past year. In general, I concur with your observation, but in this unusually dead hopeless case, I disagree that it will apply. Still 75% profit potential within 7 days on a short today. Someone sold today 100,000 shares at 0.178p. I assume that is a short and be profitable. I agree this is by no means certain, as it depends on human behaviour, which can often be irrational. But this is my prediction.
silkstag
15/6/2012
10:19
SS, I think in theory you are correct. However, in reality, I have observed that, for whatever mysterious reasons, shares that remain listed never trade down to zero but always retain some share price level right down to the day of suspension or delisting, even if the shares are obviously worthless. I do not understand why, but I assume there must always be some punters who will buy a share at 0.1p in the hope that there will be some miraculous recovery, and at the same time there are few sellers because those that still hold the stock have already lost 99% of their capital, so they see no reason to sell now and recover some small change. Therefore the only way to make money from a short here is to ride it all they way into suspension/delisting/administration, with the problems described in my earlier post.
bubble pricker
15/6/2012
09:22
BP, I infer (dishonest and egomaniac?) Adventis directors have decided to keep listing for 1-2 months. The 2011 accounts, to be isssued 'shortly', will flatline the share price within 7 days I predict. I predict Adventis 2011 accounts will show loss of -£8m to -£10m [not the -£5.5m that liars Winks/Pearson told the market on 20-1-2012. They will also confirm my predicted insolvency deficit of -6p per share. Plus the directors report and audit report will use lots of clear words like 'insolvet liqidation' and 'deficit'. You can make another 90% profit in a week, and here you know exactly what event will crystallise your profit and roughly when. Shorter heaven? The shorter Gods will punish you if you scorn their plentiful bounty! OK, just kidding, it matters not a jot, and amounts are small. But I will tease you about this when I am (again) proved right on the numbers. Comversely I suppose I will apologise if somehow I am wrong, which I doubt!
silkstag
14/6/2012
20:27
yes but you have the hassle of having to deal with closing a position once the stock is delisted. I am still carrying daily fees on GAME which are eating into the 100% profit I made there and no sign of the position being closed out. Better to move on to the next short, for example MUL.
bubble pricker
14/6/2012
19:53
Interesting strategy SilkStag, thanks for the reply.
shroder
14/6/2012
16:24
Shroder, I posted on a different thread on 8 June: "after ATG is delisted in a few months [I now predict 1-2 months] your broker can close even a naked short with the market-makers or a broker. That is what the CFD people do. Some shareholders always want to get off the register or reduce their dead position. Here the director's statement of affairs for the Administrator or liquidator will show a multi-million pound creditor deficit so it will be clear the shares are worth zero pence in all scenarios". You can short T10 or T20 and know the 2011 accounts will come out before then to flatline the share price. The drectors' report and audit report will talk about insolvent liquidation and we will be able to check my liquidation deficit estimate of about -6p per share.
silkstag
14/6/2012
11:06
Are you selling short via a 'T' trade, ie not covered? "Still a good short and expect price to fall 90% to 0.025p 'shortly' [inside 7 days]"
shroder
14/6/2012
10:05
Gents, Winks/Pearson are now forced to value the Tech Division at its genuine low realisable value (guess £1m cash proceeds + some creditors novated/waived), rather than the crooked over-valuation of about £6.8m they included in the 30-6-2011 balance sheet. Tech operating profit crashed in second half of 2011 to just £80k and maybe it did not recover in 2012. As posted before, that could reduce the £2.5m earnout liabilities and they could be partly or fully wrapped into or written off as part of the trade sale. Nail in coffin W) Accounts will show 2011 loss was ballpark -£8m (maybe -£10m). Compare that with the -£5m that Winks/Pearson suggested to the market on 20-1-2012 i.e after the 2011 year-end! Nail in coffin X) Liquidation deficit in the statement of affairs looks on track for mid of my -4p to -8p range, at about -6p. Perhaps one or two more final nails (Y and Z) before liquidator is formally hired. Those accounts are due 'shortly' and I would question the samity of punters who hold a positive shareholding. Still a good short and expect price to fall 90% to 0.025p 'shortly' [inside 7 days]. 27howard, I dare you!
silkstag
14/6/2012
08:23
Although they are not paying .25 to sell they are paying .21.
ukmassy
14/6/2012
08:16
Even when it looks grim you could have almost doubled your money, 0.15p offer yesterday and now 0.25p bid, 66% clear profit
27howard
13/6/2012
21:51
Did you find it easy to borrow stock for your position?
shroder
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older
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