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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Axeon Hldgs | AXE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 12.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 12.00 | 12.00 |
| Top Posts |
|---|
Posted at 22/4/2009 11:21 by boffster Just to bring this post from PWhite back to the fore: - PWhite73 - 20 Apr'09 - 23:29 - 281 of 346 All Your case is extremely strong. Do not compare today with what has happened to other companies in the past. Suspension, administration then sold off all in the space of five hours. The buyer has issued a glowing report on the company and has stated nothing will change accept the shareholders have lost the company. Well nothing can be further from the truth. New asset Management tried to pull a similar stunt but the LSE stepped in and prevented them from suspending the stock. Clearly this lot feel if they move fast enough they'll be off everybody's radar before anybody truly appreciates what has happened. The people to write to are the FSA and the UKLA. Letters to both from all of you will do the trick. I have witnessed and been involved in many a suspension but nothing as blatantly criminal as what has happened here today. It is not the end. AXE are in pole position to benefit from the electric car race. They cannot just steal the company from you before the chequered flag has been lowered. FIGHT BACK!! |
Posted at 21/4/2009 16:14 by wee jamie2 I'm not a shareholder but I wouldn't be happy to see axe batteries used Tanfield vehicles |
Posted at 21/4/2009 08:53 by rrr I have just drafted this to Mr Benstead at the SFO as given by someone above (post 278). Any comments gratefully received before I email him.-------------------- Dear Mr Benstead, Re Axeon Holdings plc: I am a shareholder in this company which was yesterday suspended on the Stock Exchange (AIM, EPIC AXE). It was announced that it is going into administration and within a few hours that the entire company has been taken over by AG Holding limited - for an undisclosed sum. From RNS Number : 8634Q Axeon Holdings Plc 20 April 2009 Trading in the shares of the Company on the AIM Market of the London Stock Exchange has been suspended. It is proposed that the listing of its shares will now be cancelled. Joint Administrator Malcolm Shierson said: "I am delighted that we have been able to complete a transaction that will enable the trading business to carry on as normal. This is very good news for the employees, customers and suppliers." Creditors of Axeon Holdings plc (in Administration) and of its subsidiaries should be unaffected by this process.It is unlikely that the shareholders will make any recovery. Is this really allowed? It does seem very unfair and hard on existing shareholders. The prospects for the company (which makes batteries) seemed good especially given the recent news on promoting electric vehicles - the share price had been rising significantly prior to the announcement. From the same RNS: "The Business is one of Europe's leading independent lithium-ion battery solutions providers and is a leading green energy company. It is headquartered in Dundee where operations include manufacturing, commercial and engineering departments. " A statement issued by AG Holding and Ironshield: "We have purchased these companies as we believe they have a promising and exciting future. We have an ambitious development plan for the Business as a whole and the acquisition allows us to provide the Business with the necessary financial resources which will, together with management and staff's expertise, assist it to consolidate its leadership position in Europe and continue its expansion for the benefit of its clients." I would be grateful if you can investigate to see whether this is within the law or not. Yours sincerely, |
Posted at 20/4/2009 23:29 by pwhite73 AllYour case is extremely strong. Do not compare today with what has happened to other companies in the past. Suspension, administration then sold off all in the space of five hours. The buyer has issued a glowing report on the company and has stated nothing will change accept the shareholders have lost the company. Well nothing can be further from the truth. New asset Management tried to pull a similar stunt but the LSE stepped in and prevented them from suspending the stock. Clearly this lot feel if they move fast enough they'll be off everybody's radar before anybody truly appreciates what has happened. The people to write to are the FSA and the UKLA. Letters to both from all of you will do the trick. I have witnessed and been involved in many a suspension but nothing as blatantly criminal as what has happened here today. It is not the end. AXE are in pole position to benefit from the electric car race. They cannot just steal the company from you before the chequered flag has been lowered. FIGHT BACK!! |
Posted at 20/4/2009 21:07 by 100egs Sorry for all concerned here,boffster, I am not a holder of axe but did get badly Screwed with torex retail in 2006/7 after a number of misleading RNS. uksa contact was a guy called Roger Lawson,They didn't do much but wanted donations from pi's to pay for Lawyers. Best thing to do is complain straight to the SFO this is the guy you need. john.benstead@sfo.gs my advice would be to get as many holders as possible to do the same, good luck, but its a slow process after 2 years and 2 interviews with sfo we still waiting for our date in court. |
Posted at 20/4/2009 14:26 by the_beagle The Administrators NOT the principal lenders ie Ironshields are the ones to set the price. They have to take into account assets, of which there were plenty, and debts. Customers are not affected according to the AG statement, so there should be something in the pot for AXE shareholders. |
Posted at 20/4/2009 11:40 by robson1974 It has already been announced the Government will support sales of Electric Vehicles by giving up to £5k in incentives which will be very good news for AXE. The only other news we are waiting for is some resolution on debt covenant issues although it is conceivable the lenders will have read the papers and seen the first bit of news and be more constructive in their discussions with AXE so we could get a double whammy of good news directly and indirectly from the budget. |
Posted at 17/4/2009 10:05 by robson1974 I suspect the market is expecting given Government support for EV industry that AXE will not be allowed to go to the wall and the Government will follow through on their promise of keeping the UK at forefront of the EV industry worldwide. Axeon and Modec and Allied and Smith are all part of that. |
Posted at 08/3/2009 18:41 by spekky This snippet from M.T.Glass on the TAN bb.from stv.tv at the Scottish Labour Party Conference in Dundee ...The conference also heard a call by Labour for the Scottish Government to back a bid by a Glasgow-based company to become Europe's leading manufacturer of electric cars. Labour economy spokesman John Park said Allied Vehicles, which make electric taxis, vans and minibuses, had asked the Scottish Government to invest £15 million which would buy 1000 vehicles and create 100 jobs. Mr Park said the batteries that power the vehicles are made in Dundee. He added that the firm wanted local authorities to invest in recharging stations to help make the vehicles viable for taxi firms and other companies. He said the £15 million would make Scotland the European leader in green car production. Mr Park said: "I believe they should get it. "It would give us something we haven't seen in this country since the Hillman Imp rolled off the production line at Linwood over 30 years ago and it would generate jobs here in this city." ==================== For 9 months the Allied Vehicles EV home page has been nothing but an email form, but it does now include a brochure download link (or use the email to request they post you one. I picked mine up at the CV-2008 show) The battery firm they refer to is Axeon (AXE) |
Posted at 23/2/2009 18:15 by spekky Would be nice to get some external validation of whatever it was that happened today,so far its just Axeon saying nice things about an Axeon product,I don't really trust the energy savings trust to test things in a proper way.AXE say the product is twice as efficient as it was 2 yr ago, E.S.T. say well done chaps.......end of story.It suits me to have a small punt here versus money in bank earning sod all.AND by coincidence and completely TANgential,one of my favourite Bob Marley songs is Small Axe. |
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