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 Shares Traded Last Trade
  40.00 2.77% 1,482.00 424,367 16:35:24
Bid Price Offer Price High Price Low Price Open Price
1,488.00 1,492.00 1,512.00 1,446.00 1,454.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 34.49 -22.57 -1.00 1,778
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:59 O 58 1,487.913 GBX

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Auction Technology (ATG) Discussions and Chat

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Date Time Title Posts
02/12/202110:57Auction technology Group48
06/10/201421:08ADVENTIS group 2012503
20/6/201215:53Aiminmg for top three422
17/6/201115:14Adventis with Charts & News-

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Auction Technology (ATG) Most Recent Trades

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Auction Technology Daily Update: Auction Technology Group Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker ATG. The last closing price for Auction Technology was 1,442p.
Auction Technology Group Plc has a 4 week average price of 1,224p and a 12 week average price of 1,224p.
The 1 year high share price is 1,644p while the 1 year low share price is currently 735p.
There are currently 119,999,990 shares in issue and the average daily traded volume is 470,902 shares. The market capitalisation of Auction Technology Group Plc is £1,778,399,851.80.
thefartingcommie: hTTps://www.sharesmagazine.co.uk/news/market/LSE20211202070006_4198805/Full-Year-Results Strong operational and financial results ahead of expectations as we continue to support the transformation of the auction industry Financial Highlights • Revenue of £70.1m, a 34% increase on an aggregate basis year-on-year, with growth achieved in all six of the Group's marketplaces • Adjusted EBITDA of £31.8m, a margin of 45% • Loss before tax of £27.3m after share-based payments expense and charges for exceptional items, primarily related to the IPO and acquisition of LiveAuctioneers and intangible asset amortisation • Refinancing complete, with a five-year New Senior Facilities Agreement, including a $204.0m term loan for the LiveAuctioneers acquisition and $49.0m revolving credit facility • Strong cash generation, with £30.4m of adjusted free cash flow in the period and a closing net cash position of £24.6m Since my last update, ATG has announced the acquisition of LiveAuctioneers, which looks transformational. LiveAuctioneers is an A&A portal with a strong US presence. It also brings into the fold an established payments business, which ATG will be able to roll out across its whole customer base - both I&C and A&A. Numis has lifted its eps forecast by 12% to 19.1p for the current year to end September. For the following year, eps rises 25% to 26.8p. Keep buying.
montynj: Read the original RNS: "ATG will not receive any proceeds from the Placing." So the gross proceeds is referring the amount that the two private equity groups have raised through the placing...
oldvic: mention in the Mail today says ATG ready to enter AIM 250
petes5: Strange price action, any thoughts
trcml: ATG, tipped in SCSW, the share price having gone up this morning, I thought I'd experience the platform by bidding in an on-line auction today. I am familiar with using on-line and room-based auctions, both for property (real estate) and chattels. To register on thesaleroom.com I entered my contact details, also required to provide my credit card details. It wasn't made clear at the outset why I needed to provide the card details when I hadn't actually bought anything at that stage but after registration I read that it's a financial check: even so, the thought of my card details "lying around" on their system was worrying so I've deleted the card. After completing the registration, including verification, I searched for something to buy, I used to collect old postcards so as that's a market I've knowledge of I browsed the few upcoming lots. This is where it got confusing. Having found a lot I wanted to bid for, I entered my maximum bid. My maximum comfortably exceeded what seemed to be an existing bid from someone else. Next, I visited the auctioneer's site (via a link on TSR site) where I had to register my details there. I entered my TSR password and that got me a confirmation from the auctioneers. I selected the lot in the catalogue and placed an online bid in readiness. Thinking perhaps I shouldn't have placed another bid, I emailed the auctioneer to check that i wouldn't be bidding against myself. I didn't get a reply. The auction was this morning starting at 10am and just over an hour later the auctioneer got to my lot. By then the information indicated that the highest bid in anticipation was about £20 below my maximum bid so I increased my maximum on the auctioneer's website. My bid was successful, paying about £20 less than my increased maximum. I then contacted the auctioneer direct to ask how it worked from now on. The short answer is that the auctioneers have invoiced me for the total payment including the buyer's premium and will be sending me a revised invoice shortly for the cost of sending the item to me. The payment, however, is not made to TSR but direct to the auctioneer. I asked the auctioneer why I needed to provide my card details to TSR and they didn't seem to know, or rather I didn't understand what they said. Overall, I found the requirement to provide my credit card details to TSR merely to register as unnecessary given that the actual payment for a successful bid is direct to the auctioneer. On TSR FAQs sentences that start with 'don't worry' I find amateurish, but that's just me. On the strength of my experience and adverse comments on TrustPilot I am not going to buy shares in ATG. The adverse comments on TP are mostly from experienced buyers who are critical of the increase in buyer's premium. ATG's stock response is to justify the increase in terms of expenditure on improving the platform, etc but why should buyers be expected to pay for that. Also, as anyone can browse TSR without registering and then visit the auctioneers' sites direct and register with that particular auctioneer there doesn't seem to be any point in going via ATG. Currently, ATG is capitalised at £958M which seems a lot for a low barriers for entry business. Also it is not really a business - except in the context of helping in exchange for money - because really all ATG is doing is latching onto other businesses (ie, auction houses) that are doing all the hard work and via the internet are probably more than capable of building substantial mailing lists of prospective buyers without having to add more to buyer costs via the premium.
johnyee 7: https://www.auctiontechnologygroup.com/ https://www.investegate.co.uk/auction-technology/rns/announcement-of-offer-price/202102170700103147P/ https://www.investegate.co.uk/auction-technology/rns/approval-and-publication-of-prospectus/202102171216504571P/ https://www.auctiontechnologygroup.com/investors/document-library/ https://www.ii.co.uk/analysis-commentary/auction-technology-ipo-what-you-need-know-it-floats-ii515168
silkstag: 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: 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.
silkstag: Gents, the Bid-Offer is 1-1.3p, 30% spread, which is market-maker code for 'we dont want to buy any more shares in this doomed people business dog'. But I believe that a short sell at 1p will still make 1p profit within a month or two. 7 June is Disaster Day as the Prelimns must be out by then or ATG will not be able to get accounts approved at AGM before June so be delisted from AiM. My previous estimate of net cash liabilites (exc the tech business value) was £5.7m at 31-12-2011 and £6m at 30-04-2012. Now management have admitted that the tech businesses are up for distress sale, as I said they would be, there is one small offset. ATG Management hope to realise more than the £1.5m so they can pay off the secured creditor. It appears that the tech division earnings crashed from £0.8m in 2010 to £0.4m in 2011. Taking those two facts together, and that ATG will be placed into liquidation after the sale, tech management will likely want to transfer to the aspired buyer newco any unpaid earnouts. That could reduce the £5.7m liabilities by the £2.5m that was in the 30-06-2011 interim balance sheet. Some of that £2.5m may be written off due to the poor 2011 results reducing the entitlement. Obviously, newco being lumbererd wth some/all of that tech management £2.5m makes it much harder to even get the £1.5m to pay off the bank. The businesses are not worth £4m. So tech management will have to waive some of it, maybe the bank wont get more than £1m out of its £1.5n and soem debst are left in the deal to helkp the bank get over the line. None of this helps ATG shareholders, but all I am saying is that the value of the tech businesses is so low, and their results in 2011 are so poor, that some of their previoiusly expected earnout can be written off in the 31-12-2011 balance sheet. That could make the net liabilties say £3.7m instead of £5.7m. With the tech businesses aspired sale on track only to generate £1m to £1.5m, the unsecured creditors are still heading for a > £3m shortfall inclduing losses since the year end, liquidator fees, management and advisor fees. The hyenas will feast on the carcass of ATG - as they always do. Clearly the shareholders, who rank after the unsecured creditors, are £3m of miracle away from even getting to 0p. Happily company law means the future liquidator cannot make a cash call on the shareholders to pay the creditor deficit. So the shaerholders will get 0p, not -6p. ps the share price was Bid 0.5p before the deceitful January 2012 trading statement. The attempted equity round at guess 1p obviously failed as new investors rightly did not want to buy shares at 1p when their true value was -6p. There was no price at which a deal could be done without an insolvency process or CVA. Trouble is, with people businesses, management are better just to walk and start from fresh, if they cannot find any mugs to inject cash to pay their overdue earnouts, which they couldn't. This is further proof the shares are worth 0p, rounding up from -6p on the 'limited liability company get out of jail card'.
silkstag: BP, before Winks/Pearson created a false market in ATG with their deceitful 20 January 2012 trading statement in breach of AiM Rule 10, the Bid-Offer was 0.5-1p. Given the estimated £6m black hole of net liabilities at 30 April 2012, which Adventis' share of the Tech division ultimate sale proceeds will never fill, I cant think of an honest reason for the share price today to be any higher than 'priced to go bust' e.g. Bid-Offer 0.1-0.125p. Thus the share price should logically slide a further 2.7p down toward that correct level. The share price descent toward 0.1p could be speeded up by a mix of: 1) insiders selling if they know as true my estimated ballpark £4.8-5.8m loss in 2011 2) no more punters left to be duped into buying based on Winks/Pearson deceit 3) shorters gnawing on the ATG carcass (they can still make a 97% profit margin) 4) Digitalis and other previously duped small holders sensibly bailing out 5) large shareholders bailing mainly to avoid being trapped as a declarable shareholder when ATG goes into Administration.
Auction Technology share price data is direct from the London Stock Exchange
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