Axeon Share Discussion Threads

[robson1974] 20/4/2009 08:07

14-15 looks to be resistance

[robson1974] 20/4/2009 07:16

the AXE on the move again

[robson1974] 19/4/2009 10:50

AXE could join the 'dash to trash'

On top of that, a clutch of cyclical companies with high debt levels have been able to refinance, either by striking new deals with their lenders or raising fresh equity. These companies were heavily sold off last year on the assumption that shareholders would see their investments wiped out by debt-for-equity swaps. But with companies such as Taylor Wimpey reaching agreements with key creditors, short sellers have been forced to buy back their positions, which has helped push prices higher. The result is that the FTSE 250, which has lagged behind the FTSE 100 since April 2007 (but outperformed through the four-year bull market that started in 2003), has gained 15 per cent this year. By contrast, the FTSE 100 is down 7.7 per cent.

[wywcu1] 19/4/2009 05:37

watch AXE hit 50p tomorrow (well here's hoping anyway)

[robson1974] 19/4/2009 00:35

The road to a green world

Electric cars: Will we use them? Are they any good? And how will we power them? Special report

SCOTLAND'S ROLE: By Environment Editor Rob Edwards

Glasgow could become Britain's first Electric Motor City, under plans launched by government and industry. The city is playing a leading role in the UK government's drive to transform electric vehicles from the playthings of geeks to a major mode of transport in urban areas.

A £1.8 million scheme to trial 30 electric vehicles in Glasgow over the next two years has been given the go-ahead, at the same time as the government announced plans to give drivers up to £5000 off new all-electric cars from 2011.

The government is planning to make up to 200 electric cars available for public use in city centres across the UK, as part of an ambitious £250 million strategy to encourage a green motoring revolution.

Glasgow has been selected as one of five local authorities in the UK to pilot the use of electric cars, using a local company, Allied Vehicles, with batteries provided by Axeon in Dundee. The energy company Scottish Power is also involved in developing a network of charging points for the cars.

[robson1974] 19/4/2009 00:22

April 19, 2009

Government plans bailout for industry
Government poised to unveil interventionist policy to back high-tech manufacturers

Dominic O'Connell
GORDON BROWN and Lord Mandelson will tomorrow break with the past by unveiling plans for an interventionist industrial policy under which the state will assist high-tech manufacturing firms.

[robson1974] 17/4/2009 15:35

Profit warning from Optare (OPE) but...they say

The Solo EV, an all electric, zero emissions midi-bus is currently being
launched to press and customers. Initial market reaction is very positive and
production will commence during the second half of 2009. There is also
significant interest in the USA for this vehicle.

[robson1974] 17/4/2009 14:27

it can go up and down between 7 and 14 very quickly as has been demonstrated

[the_beagle] 17/4/2009 14:18

Can you please put that into simple language. Is it positive?

[robson1974] 17/4/2009 14:04

7.00 is the intraday high dating back to December 2nd 2008

So we are now in breakout/gap up/gap down territory between 7 and the next resistance level which is 14

[robson1974] 17/4/2009 13:00

no comment..

[spekky] 17/4/2009 12:44

no comment..

[scoby doo] 17/4/2009 12:41

no comment..

[the_beagle] 17/4/2009 12:22

Up 68% and no comment!

[the_beagle] 17/4/2009 12:20

Rob.
You're quite right. ADVFN figures are wrong. Just looked back to last year's acquisitions with shares issued to the vendors at 61p!

[spekky] 17/4/2009 12:09

Its got legs again.....

[robson1974] 17/4/2009 11:40

Volume is interesting 1.6m versus averagee daily volume of 0.3m in last 30 days

[the_beagle] 17/4/2009 11:11

So where do you get your figures from?

[the_beagle] 17/4/2009 10:34

Rob.

Financials show 32.43 million issued. At 9p = under £3m. Am I seeing it wrong?

[louisr2] 17/4/2009 10:28

I agree with the potential, but also the warning...until debt issues are resolved. We need to remember that any promise of support from the government is not until 2011 and Labour might not even be in power by then....and AXE may not be here either. Unlikely but a possibility.

[robson1974] 17/4/2009 10:27

It may be having a breather before another attempt at the 10p level?

[robson1974] 17/4/2009 10:14

beagle, it is moving around quite fast

47m shares in issue

@ 10p it had a market cap of £4.7m

@ 5p it has a market cap of £2.35m

@ 7.5p it has a market cap of £3.525m

NB

Worth including wealth warning on this for newbies

They do have debt covenant issues to sort out so take my hundred bagger comments with a pinch of salt and knowledge this could as easily go to 0p as 100p


IF they sort out debt covenants this could move to 20-40p quite quickly.

IF Government supports them this could rocket above 40p