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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 926 to 947 of 1075 messages
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older
DateSubjectAuthorDiscuss
20/6/2012
08:00
if rc did this just to buy the tech divisions it doesnt add up the real money is in this if they turn it around,which is what they specialise in. would you want to lend money to a company who you would then place in admin. atg is reborn
mally6
20/6/2012
07:46
Anyways this is just a thought. Good luck to all odd you. I am off
saud2237
20/6/2012
07:45
Use your head. If the tech division is sold rc have nothing to turn around
saud2237
20/6/2012
07:42
Something that just occurred to me. How can rc control and own the tech division if its sold
saud2237
19/6/2012
18:39
Saud, Winks/Pearson had to admit in the 13-6-2012 RNS, which you ignore for some reason, that:"...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". Bank (now RC) was owed £1.5m. Other net liabilities are ballpark £4m. We found out on 13 June that Tech sale wouldn't even cover the bank's £1.5m (hence their bailout to RC). So you are peddling out of date Stinky Winks Porky Pies. Which you will understand is rather unappetising.
silkstag
19/6/2012
17:51
It is well established now saud that those two tech business's are not very profitable and highly promising, I fell for the same paragraph but thanks to SilkStag persistent and correct posts he saves a few here a lot of money. But you will be selling anyway in the morning, you did the same with PAA, Care, Cicr, and I'm sure plenty of others.
27howard
19/6/2012
17:44
silk - speak to the CEO of the company. I am just passing on what was said on 10th of May Nick Winks, Chairman, commented "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. "
saud2237
19/6/2012
17:28
I've seen that subtle opinion loads of times, afraid saud is a pump and dumper, we all trade shares but you sold a stock less than a hour after ramping it and I have the thread and posts as I remember it will saud :-)) http://uk.advfn.com/cmn/fbb/thread.php3?id=26914463&from=400
27howard
19/6/2012
17:27
Saud, you post 'This company had revenues in excess of 20 million!' but that is misleading as that includes the Media and Health division which were sold and shut down. Only tech divison is left (and small property diviiosn which is worthless and dying). RC do want to grow Tech, which is why they will protect and control it by taking it out of Adventis plc. They will indeed want to onsell Tech in future. Adventis will be left with £4m other net HMRC/trade creditors and nothing to pay them with. RC wont touch Adventis balance sheet with a bargepole. This is a standard asset strip using the security. Page 1 of the Hyena Bible.
silkstag
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
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