We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bnp Agrin | AVT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 103.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 103.00 | 103.00 |
| Top Posts |
|---|
Posted at 02/4/2005 14:24 by foreigner It is further alleged that there is a large amount of stock in the US which had been quarantined because it may fail after some, undefined, elapsed time. It is also alleged that Soffe will attempt to sell this "product" to unsuspecting customers. Beware all you US utilities.trinoc - how true, the law colludes in protecting the guilty against the innocent. Is it just too hard to bring prosecution or is it something more sinister. Stay away from these companies all you investors. Still no Morgan or Jackson then. Come boys have a say. Dont be shy. |
Posted at 31/3/2005 17:48 by richpoorkid I hear that Ann Soffe, mentioned in the article posted above by shortashare (disgraceful lady that she is!) and who was AVT's interim Finance Manager (ie she was looking after our interests (not), has been appointed Managing Director of Blue Towers Communications - Yes, this is the new Kenure company that AVT has become.Smelly, yuck. Any investor in this company a policeman? |
Posted at 28/1/2005 12:19 by car973 TTCTrue, should have done my research much more thoroughly but atleast I was out without too much of a hit, but only one chin to take it on! For the benefit of other 'potential investors', some points to consider but DYOR: financials on the floor; further cash calls (if achievable) would only depress the position; positive news would be in AVT's interest but there isn't any; Main market is USA which is highly competitive and doesn't forgive product deficiencies (and they had a big confidence-rebuildin no trading statement planned until April when they will release annual results; There has been no further mention of the potential six year utility contract in Connecticut; January 2004 they announced the integration of their TranspondIT 900 amr with Schlumberger Electric's (SE) Centron meter .....but SE was acquired by Itron in June 2004 and they now intregrate their own AMR kit; (Itron is a giant by comparison and a strong AMR player) On a positive note, AVT's amr modules are open-sourced and therefore there is a retro-fit market but let me know if you have read any recent success stories; The Ghana Water project will now move forward but it will be a bun fight for each component, and metering is only a small element according to the project docs. Is it going to restore AVT's future? Conclusion: DYOR |
Posted at 08/1/2005 18:56 by 3 doubler The much talked about Ghana water contract was supposed to be the making of the company and was the reason for the rise to 40p last year.It was thought to generate profits of something like £2m/year to AVT.However the company was, by all accounts, led a merry dance by the locals saying very soon now they would be in a position to sign the various agreement for the project but it never came.The reason I assume was because they didn't have the money(typical Africa) so I guess now they have $100m from the World Bank things can now go ahead.My guess is if the Ghana Contract does go through it is with all the history surrounding the company still worth about about 10p to the AVT share price.Fidelity did come in as a new investor in the financing at 5p which was quite interesting. Don't want to get too excited but this could be the start of the new begining under Captain Morgan. As a layman trying to look at it on a risk reward basis I think there is a 50:50 chance something might get signed on the back of this news in the next six weeks so I reckon there is a 50:50 chance of tripling my money over that period.Therefore using those odds it is worth a punt but for option money only. |
Posted at 03/12/2004 22:04 by stu31 RNS Number:0415YAdvanced Technology (UK) PLC30 January 2001Advanced Technology (UK) Plc The Directors of Advanced Technology (UK) Plc note the recent move in the share price and confirm that they are in detailed discussions with a thirdparty for a large scale supply contract. A further more detailed announcement will be made in due course. RNS Number:7162CAdvanced Technology (UK) PLC27 April 2001Focus continues on South East Asia, where we await confirmation of commencement of the project. We are proceeding towards pilots with various other countries and our South East Asian partner, Paracorp Technology, has recently announced it has secured an order for a pilot installation in Tianjin province in China. In Europe we continue to build our presence in countries such as France, Italy and Germany and with new countries such as Greece. We have also received an order for a pilot in India and a first order for 1,000 units was received in February for a pilot installation in Malta. RNS Number:5519KAdvanced Technology (UK) PLC25 September 2001 The Group continues to support its South East Asia partner in preparation for manufacturing and system deployment. Negotiations between our partner and the utility regarding the Automatic Meter Reading Service contract are at an advanced stage. It is expected that production and revenue generation will begin before the end of 2001.Two new customer-funded pilots, in Ghana and Western Australia, will commence in October 2001.We expect the South East Asia project to provide a working example of a Two-Way Fixed Network which should provide a valuable reference site for other interested parties. Projects of this size, political nature and complexity, tend to result in protracted negotiations. The planning of future projects will incorporate allowances for these activities. (Yeah right like Ghana) RNS Number:4621PAdvanced Technology (UK) PLC4 January 2002Update Following a visit to the Far East in December 2001 by the management of ATL, the board of ATL reconfirms that it remains optimistic of a successful outcome to the negotiations with its partner in the Far East. (wonder who paid for that holiday er trip) RNS Number:4362XAdvanced Technology (UK) PLC19 June 2002 The Board has recognized the need to raise further funds as the Group has an urgent requirement for further funding to finance working capital and capital expenditure. In our announcement on 4 January 2002 the Group confirmed that it remained "optimistic of a successful outcome to the negotiations with its partner in the Far East". We still firmly believe this to be the case. In January 2002, the Group successfully completed a trial for Ghana Water Company Limited and has now tendered for a comprehensive project for a Two-Way Fixed Network System. We await the outcome of this tender. Progress in Ghana has been greatly facilitated by the work already done in South East Asia, and by previous a trial with South Staffordshire Water. Furthermore, our progress in Ghana has been, by comparison to other projects, rapid. This has been as a consequence of the Group seeking to work directly with the end-user rather through intermediaries. "Furthermore, our progress in Ghana has been, by comparison to other projects, rapid". (LOL! Absolutely priceless, yes this was June 02) RNS Number:9819DAdvanced Technology (UK) PLC19 November 2002 However, in Ghana, progress is being made and we believe that we are close to receiving our first order. (of course, of course) RNS Number:8562MAdvanced Technology (UK) PLC27 June 2003. The Group has raised #1.75 million (net of expenses) in two fundraisings in November 2002 and March 2003 by way of convertible loan notes and equity. Development in Ghana has been slow. (Really?) These delays, which were of a commercial nature, have now been resolved and we hope to be able to progress this project.The cash injection from the two recent fundraisings secured the Group's immediate prospects, though the Group's longer term prospects remain significantly dependant on delivery of a major Two-Way contract. Shareholders will be only too well aware that the embryonic Two-Way operation has absorbed considerableresource RNS Number:1545QAdvanced Technology (UK) PLC25 September 2003 Overall, the Board is confident that the recent lack of output will not disrupt future revenue. Our immediate goal is to have a positive cash flow balance without relying on any revenue contribution from the Two-Way Fixed Network business. RNS Number:0141RAdvanced Technology (UK) PLC17 October 2003 Placing to raise #205,000 in Loan Notes and New Ordinary Shares at 10p per share. RNS Number:7789VAdvanced Technology (UK) PLC24 February 2004 The Company confirms that discussions have continued both with those government officials and senior officials of Ghana Water Company Limited. The executive management involved have satisfied themselves of the final stage nature of these discussions and they have confidence that these discussions should result in a timely satisfactory project outcome. (I think I've heard this before). In addition, the Company is in an advanced phase of negotiation with an electricity utility company in an Asian country in respect of another Two-Way project. This Asian utility has shown every indication of wishing to conclude the formalities on this project with the Company within the very near future, although the Board remains cautious of the outcome of any negotiations until all formalities are completed. Other projects, both Two-Way and One-Way, are also showing good progress. In particular, the Company's business in the One-Way water market in the United States, which was not without its problems in 2003, is now starting to show improvement and progress. While the Company remains optimistic that it will be in a position to enjoy the benefits of the protracted negotiations surrounding the potential Ghana contract, as well as other projects currently under negotiation, the delays encountered in such negotiations once again necessitate the injection of further capital into the Company, (I'm shocked) both to finance the Company's normal ongoing costs, and also to finance specific project costs relating to potential contracts currently under negotiation. Accordingly, the Company have negotiated with the Universities Superannuation Scheme ("USS") already a substantial shareholder in the Company, (fools) and otherparties including certain other existing institutional shareholders, an injection of a further #850,000 into the Company. RNS Number:2586YAdvanced Technology (UK) PLC04 May 2004 Advanced Technology (UK) Plc has raised #800,080 through the placing of 4,444,889 New Ordinary Shares at 5p each ('New Ordinary Shares') at a price of 18 pence per new Ordinary Share. On 24th February 2004, the Company reported that it was in the final stage of discussions regarding the development of its potential Two-Way Fixed Network project in Ghana and was at advanced phase of negotiations with an electricity utility company in respect of another Two-Way project. Although these discussions have taken longer to conclude than previously envisaged (surely not?) both utilities are showing every indication of wishing to conclude the formalities with the Company within the very near future. (At least by 2020). RNS Number:7175ZAdvanced Technology (UK) PLC14 June 2004Re: Suspension ATL announces that it is in the process of transferring its invoice factoring facility to a new factor. The Company has also recently encountered supply difficulties, in respect of two of its principle component suppliers. (how unlucky) This has compromised its ability to draw down funds under its existing factoring arrangement, on which the Company is highly dependent for working capital. ATL continues to await the outcome of the final stages of negotiation of the Ghana2-Way contract. RNS Number:2118AAdvanced Technology (UK) PLC28 June 2004 Advanced Technology (UK) plc announces that it has raised the sum of #650,000 through a placing of 7% conditional convertible loan notes 2007 ("the LoanNotes") arranged by Ruegg & Co Limited with an institutional investor. (more fools) #500,000 of the placing monies has at today's date been drawn down. (don't waste time lads) RNS Number:2890BAdvanced Technology (UK) PLC28 July 2004 The Group experienced a very difficult year. First half manufacturing disruption was overtaken by product quality issues which seriously hurt sales and resulted in a large replacement programme. The Company seriously underestimated the timescale in completing Two-Way contracts in Ghana and Asia, although they are still being progressed. Turnover declined to #5.12 million (2002: #7.63million). At the time of our Interim Statement last September we said we believed that the causes of the manufacturing disruptions in our One-Way business had been eliminated, costs had been removed from the business, and that the Company was confident of securing additional revenues during the final quarter of 2003. Regrettably, this optimism proved wholly misplaced, with significant additional problems surfacing as the year drew to a close. We are enormously conscious of having been over optimistic in our endeavours and in our statements in recent years. (as we are intellectually challenged and don't know how to run a business, but please keep the funds coming) RNS Number:3959BAdvanced Technology (UK) PLC29 July 2004 Name of director GREGORY WORRELL JOHN MORGAN (CHAIRMAN) Description of shares or debentures involved: class, number 1,800,000 ORDINARY SHARES 5P. Exercise price 6P. Name of director ANDREW JOHN CHANNON. Description of shares or debentures involved: class, number 300,000 ORDINARY SHARES 5P. Exercise price (if fixed at time of grant) or indication that price is to befixed at time of exercise6P. (Hey, the more we destroy shareholder value the cheaper our free options get!) RNS Number:8937BAdvanced Technology (UK) PLC12 August 2004 Placing for Cash Ruegg &Co Limited on behalf of ATL, has raised a further #430,750 (#408,250 net of expenses) through a conditional placing of 8,615,000 ordinary shares of 5p each to institutional and other investors at a placing price of 5p per Ordinary Share (mugs) RNS Number:4223DAdvanced Technology (UK) PLC28 September 2004 Turnover in the period to 30 June 2004 fell to #1.58 million from #2.82 million with lack of finance and production constraints adding to the Company's problems. I became Executive Chairman on 1 July 2004. My first role was to secure and rapidly put in place the necessary finance as well as address the management issues. (such as not having any) Our embryonic Two-Way business has still not succeeded in landing the previously much talked about large contracts. (surprise surprise) If you believe a word that comes from this lot you are a bigger fool than the management and that is saying something. At the very least they are incompetent and IMO verging on criminally negligent. How the same company can put out the same misleading/grossly over-optimistic statements over such a long period, albeit with new but equally inept management defies belief. All money put into this company, and there have been many many fundings, has disappeared into a bottomless pit. That institutions keep rescuing it is a testament to the potential of the technology but management is everything in business and this bunch is as clueless as you can get on the LSE. Anyway, I'm thinking of averaging down so I'm worse than them. |
Posted at 02/10/2004 10:58 by 3 doubler Rich poorkid,Yes there is huge potential for this company and yes £1 plus is achievable in a relatively short period of time.....but the company is still very much in intensive care.Management has got to restore credability with customers and investors first.The Hartford order is a major plus as hopefully it will give confidence to other customers to place orders with them again. Don't see price moving until Ghana or other major deal signed-need to see signs of them becoming cashflow positive.Mind you if Ghana is signed think you will see doubling of share price fairly quickly-there again how long is a piece of string?Option money only at the moment. Thought Chairmans statement was very pragmatic-good to see. |
Posted at 29/9/2004 14:39 by edmondj As I was one of those (mad enough) investors, can I say that when digging around there was the PROSPECT of something in the US, but that was all. Another guess in a long line of prospects, I certainly never got the impression anything was signed when the placing was going ahead. But I did wonder what the institutions may have exacted to be investing at all. From the prelim statement you would have thought it a case of throwing good money after bad.lord r, you may be correct in saying that utilities don't always want the financial details of contracts being made public; I would just think that ATL would have difficulty covering this up if it made a real difference to near-term earnings (earnings?!) so the lack of an RNS means I don't get too excited. I am however impressed that anyone is doing business with ATL at all, after the recent record, so this appears to augur well for the technology etc. Anyone hoping for a quick verdict on any turnaround is likely going to be frustrated. But I'm inclined to give Morgan time, given that he and Channon have got the company over this recent major hurdle. |
Posted at 20/8/2004 10:54 by lord r EdmondJ...Thanks for the clarification.Sounds like she might be a candidate for replacement Finance Director.Am sick as a parrot i can't get to the AGM and can't justify " a sickie".I agree as many as can should attend if only to try to elicit reasons why this company got into the position it did and why investors were kept in the dark until end of June about various problems.In particular the Feb circular only mentioned that the 1-way water was " not without its problems in 2003".The rest of the circular was bullish and and had no caveat and certainly gave the impression that there had been no problems in 2004. Investors need real answers to what is happening with the new factoring facility if they are still proceeding with one,has the supply issue improved,and real reasons why the 2-way deals have not materialised when they were alledegly "in the bag". Edmond i trust you will do your best to keep heads cool at the AGM to avoid what could turn out to be a bloodbath!! Regards. |
Posted at 04/8/2004 10:18 by richpoorkid EJ, what I want to know is why shareholders were not told (or were they?) about the duff products sold to the States (approx £2m of money I recall), whilst the share price was going up and investors saw (so they thought) a company that was a good investment to make - it seems to me that the problems avt have had recently, leading to a suspension and a wack down to 6.00p relate directly to this issue. Im not a lawyer but I would say there is the 'f' word to be found there somewhere. Surely sharholders and potential investors should be made aware of material facts that can effect the profitability of a company as they arise? It took them a bloody long time to let us know, and by the time they did it was too late. And we are not talking about loosing small amounts of money here! Someone or some people need to be brought to account for these things. And that includes the non-execs in my mind. Right and wrong still exists, even in business. |
Posted at 26/6/2004 22:54 by diku I wonder how much do the institutional investors have the indepth knowledge of day to day running of the business & the confidence it has on the directors running the show...it can look very rosy on black & white...but the reality can be very deceptive...surely if you have invested £850,000 in a small company you would be on the phone at least once a week on updates...EJ Yes, they are the saviours but the other side of the coin also says that as soon as they smell the first sign of the bad news coming, they will start off loading in small chunks...way before the private investors learns about the bad news, when the company RNS news comes out... |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
