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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Baylon Hldgs | MOLE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.125 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.125 | 1.125 |
| Top Posts |
|---|
Posted at 06/3/2010 14:18 by buystock A NEW DAWN FOR MAKER OF DUSK ALARM Monday February 22,2010 INVESTORS will have plenty to shout about when Ila Security comes to the Aim market. The company produces an alarm which emits screams at 120 decibels to help protect women from assault. Ila will list on March 5 with a market value of £4.7million after a £3million all-equity reverse takeover by Aim-listed Baylon Holdings. Advised by Arbuthnot Securities, Ila is selling its alarm, called Dusk, at Next and Marks & Spencer in the UK, plus a major Canadian retailer. Financial controller Rodger Sargent reckons it silences the competition. "Other alarms are black, made of rubber and sound like car alarms," he said. "Ours comes in a range of styles, can be worn on a handbag and is made of enamel. It offers security with style." Ila's plan is to "aggressively expand" sales by ramping up advertising of Dusk and investing in five new ranges. They include alarms for use by women when they go out walking the dog or jogging in the park. Ila also wants to bring more retailers on board. "It is a growing market. Surveys suggest thieves are targeting people more these days because we carry expensive technology," Sargent said. But the firm is not targeting men. "They won't buy these alarms for themselves but for their daughters or girlfriends," he |
Posted at 05/3/2010 03:45 by buystock A NEW DAWN FOR MAKER OF DUSK ALARM Ila's Dusk alarm can be worn on a handbag, offering security against attackers INVESTORS will have plenty to shout about when Ila Security comes to the Aim market. The company produces an alarm which emits screams at 120 decibels to help protect women from assault. Ila will list on March 5 with a market value of £4.7million after a £3million all-equity reverse takeover by Aim-listed Baylon Holdings. Advised by Arbuthnot Securities, Ila is selling its alarm, called Dusk, at Next and Marks & Spencer in the UK, plus a major Canadian retailer. Financial controller Rodger Sargent reckons it silences the competition. "Other alarms are black, made of rubber and sound like car alarms," he said. "Ours comes in a range of styles, can be worn on a handbag and is made of enamel. It offers security with style." Ila's plan is to "aggressively expand" sales by ramping up advertising of Dusk and investing in five new ranges. They include alarms for use by women when they go out walking the dog or jogging in the park. Ila also wants to bring more retailers on board. "It is a growing market. Surveys suggest thieves are targeting people more these days because we carry expensive technology," Sargent said. But the firm is not targeting men. "They won't buy these alarms for themselves but for their daughters or girlfriends," he said. |
Posted at 05/3/2010 03:36 by buystock Proactive Investor's Instablog Edit Picture Proactive Investor 11 Baylon to reverse into female security devices manufacturer Ila Security 0 comments Feb 15, 2010 11:54 AM Font Size: PrintEmail TweetThis Baylon Holdings (AIM: MOLE), formerly the Molectra Group, has agreed the terms for its acquisition of privately owned Ila Security, the developer and manufacturer of personal security devices for women. The transaction will see Baylon issue up to 763.3m shares to Ila shareholders, representing approximately 82.4% of the enlarged share capital. The enlarged company will be re-named the Ila Group. The share-based acquisition consists of 388.6m initial consideration shares, and up to 374.7m contingent consideration shares, which will be determined by the outcome of Molectra Australia's application for tax credits worth £554,444. Should the Australian tax credit be received in full by 31st December 2010 no contingent shares will be issued to Ila shareholders, however should the company receive less than £554,444 then either some or all of the contingent shares will be issued. "Baylon are delighted to be acquiring Ila at this time of its growth. Ila has created a brand with huge potential with limited capital", Baylon CEO Paul Gazzard commented. "We hope the additional resources this deal provides will allow Ila to fulfil its potential and grow into an international brand". Ila's first product was the Dusk, a pocket-sized alarm that emits a 120 decibel female scream. The company's pipeline also includes five new products which are considered to be at a relatively advanced stage of development. The deal is expected to help fund the continued development of the product portfolio, enhance its distribution prospects and accelerate future research and development programmes. The new products, provisionally named Jogger, Hook, Wedge, Pebble and Leash, have received indications of early interest from existing retailers and offer potential new distribution opportunities as an extended product range facilitates their deployment to prospective new distributors. "The acquisition is ideally timed to allow the expansion of Ila's existing relationships with major UK retailers as well as our international sales programme within the US, Canada and Europe", Ila Security Chief Executive Simon McGivern said. On completion, Ila co-founder McGivern will become the enlarged group's Chief Executive and whilst fellow co-founder James Phillips will become the Sales Director. Baylon's current Chief Executive, Paul Gazzard will become Chief Operating Officer, while fellow Baylon directors Neil Munn and Adam Arnold will become non-executive directors of the enlarged group. Baylon's current Chief Financial Officer, Rodger Sargent will stand down from the Board but will remain with the company as Financial Controller. The deal is expected to complete on the 5th March, subject to respective shareholders approval. The first tranche of shares are expected to be admitted to AIM on the 5th March, with the contingent shares to be admitted at a later date, if necessary. Disclosure: The author holds no positions in the company |
Posted at 04/3/2010 16:24 by buystock no probs goz just hitting the radars now and not any stock around as i found out earlier my broker phoned me not a happy chap.i told him what do you care all your accounts are getting handed over too td waterhouse.they have good quality products on the mkt and launching soon furher afield.a good start as the growth investor says was 10p and now a lowly 1m mkt cap now 2m a way too go yet.gl |
Posted at 04/3/2010 15:39 by buystock goz1986 it took me ages too get these i wanted 250k my broker said no so i bought 100k online and had too order another 100k.i see you have the link too growth investor this is the bit i like.McGivern argues 'the acquisition is ideally timed to allow the expansion of Ila's existing relationships with major UK retailers as well as our international sales programme within the USA, Canada and Europe'. Gazzard says he hopes the deal will 'allow Ila to fulfil its potential and grow into an international brand'. Floated as Molectra at 10p in 2006, Baylon shares crumbled to near-invisibility over the past year. They now stand at 0.63p, up 0.25p this morning and value the company at a lowly £1 million. |
Posted at 20/5/2009 08:19 by egoi I wouldn't bother after this........... Lost the two contracts it had, incurred significant costs into the bargain and only cash to keep going for the time being. Doesn't get much worse imho amd also imho no amount of mirror talk likely to convince investors otherwise.Hard lines folks! -:((( Molectra regrets to report the two value added product ('VAP') contracts previously announced; equine anti-cast products (March 2008) and automotive accessory products (June 2008) are now non-performing. Minimal revenue was generated from the contracts, although the Company has incurred significant operating and capital costs. Despite ongoing attempts to make the contracts commercial, a combination of contract-specific problems and global economic conditions has meant this has not been possible. As a result, Molectra currently has no material active contracts but is actively following new commercial opportunities for other VAP's within a variety of sectors in Australia. With a low annual cash consumption and cash in the bank, the Directors are comfortable that the Company currently has sufficient cash resources to cover its current requirements. |
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