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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
  -19.00 -1.95% 955.00 961.00 964.00 1,016.00 960.00 1,016.00 106,458 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 70.8 -27.3 -33.6 - 1,146

Auction Technology Share Discussion Threads

Showing 901 to 921 of 1100 messages
Chat Pages: 44  43  42  41  40  39  38  37  36  35  34  33  Older
DateSubjectAuthorDiscuss
19/6/2012
17:16
I am not pumping nor dumping just giving my opinion. I am in BSP and thats what I am going to stick to. I was just curious at what caused the rise thats all. DYOR
saud2237
19/6/2012
16:53
There's your SELL sign, saud the pump and dumper is here. Never holds a stock for more than a day - just as well in this case. Seen him pop up on dozens of micro-caps, spouting rubbish, and gone in a flash. Probably best to listen to the good research of Silkstag and the wise words of an experienced trader Simon Cawkwell. His book is a good read and pump/dumpers like Saud would be well advised to take advice from it.
bozzy_s
19/6/2012
16:23
This is a tricky one but what I do know is that RC is constantly looking for opportunities like this. Think about it. This company had revenues in excess of 20 million ! ok fair enough it is not making money and is in the position it is today but MAYBE just MAYBE RC identified this as an opportunity to turn it around. This is a high risk punt but one that can have SIGNIFICANT returns
saud2237
19/6/2012
16:14
mally6, this way avoids any negotiation with Adventis. They bought the LTSB debt for say £1m. They dont want the subsidiaries, they will buy the businesses, ie stripping out the trades/assets and leaving unwanted liabilities behind eg HMRC, rent, Adventis plc etc. They can 'outbid' other buyers by 'paying' £1.5m for the businesses, knowing full well that the Administrator will give them back that £1.5m for their secured debt. This way they get the businesses cleanly for whatever they paid LTSB. And LTSB walk away from the mess as it is now 'nothing to do with them'. No 'guess work' needed. This plan is page 1 of the Hyena Bible. You say 'certainly in with a lifeline'. Razor-sharp teeth slamming into Adventis plc throat and flesh is not a 'lifeline'. It is an uglier death than was on the cards.
silkstag
19/6/2012
15:43
we need clarification from bod until then its guess work but certainly in with a lifeline derampers were there at .15 good job i didnt listen
mally6
19/6/2012
15:36
why wouldnt rc capital just buy the 2 tec companies of atg who have been trying to sell if that was the case
mally6
19/6/2012
15:02
Mally6, your post is false. Adventis did not 'pay debt off' and you should not be saying that it did. LTSB privately sold its £1.5m secured debt to RCapital. Adventis now owes that same £1.5m to RCapital. You misunderstand. The two tech businesses RC want will not go into Administration, they will be sold to a new shell company 'Hyena Ltd' owned by RC (and maybe tech management). The cash Hyena Ltd pays to Adventis will in due course be looped back to RC as they are the secured creditor in Adventis. The dead Adventis plc will be placed into Administration or Liquidation. Here, the Adventis shareholders may approve this deal before an Administrator is appionted. If not, the Adninistrator will approve the pre-arranged deal within 48 hours of his appointment. That is called a pre-packed Administration. Gritsle left for unsecured creditors. Zero for shareholders. ps I agree with SC post above which crossed in cyber-space. Outcome for unsecured creditors got worse today. Shareholders have been dead for ages.
silkstag
19/6/2012
14:52
mally6, The discount at which the debt was sold has not been disclosed but the face value of the debt is the claim in the liquidation. That has not gone down. So things for shareholders are even worse - because even more clear cut. The shares are palpably valueless. Simon Cawkwell
simon cawkwell
19/6/2012
14:38
why would the pay debt off and go into admin.think about it.the only reason to pay debt off is to keep atg going and rc capital has seen this oppurtunity and taken its bite.
mally6
19/6/2012
14:14
what if rc capital refinance atg buy in at a discount and turn it around into a profitable business which it already is.thats where the money is for rc capital and thats there speciality.2 mill debt is not much for them
mally6
19/6/2012
14:02
I'm afraid that is correct - looking at the balance sheet even with todays's announcement i can't see current shareholders getting anything here
tomboyb
19/6/2012
13:54
RCapital now owns the bank's £1.5m debt. It will be part re-paid and the balance going into newco with the tech businesses. Approved by ATG shareholders (or Administrator if they petulantly refuse). Then Adventis plc is placed into liquidation. Likely liquidatuion deficit for unsecured creditors probably went up with this news. -6p to -8p is now predicted range. ps Mundaka, 'Looks like great news for holders today' is a bizarre and incorrect post.
silkstag
19/6/2012
12:58
RCapital have bought atg debt have they also got a shareholding here need atg bod to clarify here as whats happening
mally6
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
Chat Pages: 44  43  42  41  40  39  38  37  36  35  34  33  Older
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