Bnp Agrin Share Discussion Threads

[lord r] 21/12/2004 17:44

Drewz

GOOD QUESTION.

PRHC would be a good person to answer that question.He's good at general knowledge.

[lord r] 21/12/2004 17:42

Tb

I was wrong.Still pumping out those Citywire articles in addition to his Sunday job.

Needs to get that photo changed though!!

[drewz] 21/12/2004 17:35

Hello, anyone there?

Is AVT dead? or still alive... just?

Any signs of some orders coming through in 2005?

Or just the administrator?

[stu31] 21/12/2004 17:13

He's not qualified.

[treborbob] 21/12/2004 16:45

LordR

Aparrently last sighted being interviewed by the Dandy and the Beano for the job as editor for the financial sections.

[lord r] 21/12/2004 13:36

TB

They are looking for him over at Planestation BB as well!!

Think he must be over a crevase with his ice axe desperately hanging on.

Happy Christmas!

[treborbob] 21/12/2004 12:32

Dont worry I'll turn the lights off.

[treborbob] 14/12/2004 09:14

Speaking of bottom feeders,wheres that Edmond?

[safman] 08/12/2004 00:15

very speculative, but certainly a technology which can be used on a mass scale.. applicable in many fields.. cash burn high ...certainly a technology factor...need s contract wins to push through....



hot tech factor... needs contracts...

saffy..

[safman] 07/12/2004 09:41

a few bottom feeders here.. technology looks convincing..yet to be applied.. very spec.. but thought i'd add yesterday...

saffy..

[lord r] 06/12/2004 09:15

Stu

Can't disagree with anything you say.I remember topping up at £2.50 at the AIM flotation in 2000 thinking what a cracker this share would be!!

Unfortunately, AVT can't afford to pay for a top turnaround specialist.Morgan may only stay full time until AVT is out of the mire-if that ever happens.

I'm sure the utilities concerned do want these projects-however as always their hands are tied by politians and Governments.The Ghana Water Company is effectively bankrupt and it is up to the Government whether this project will happen or not with the help of World Bank money.

[stu31] 06/12/2004 03:38

Agree with you lord r, thats why I'm hanging on, although I think it's more to do with some sort of morbid curiosity to see how this pans out than any expectation of getting my money back. As far as long term shareholders topping up is concerned, they have done this on many occasions in the past and they have lost the lot..every time. No reason to believe it will be any different now. What is left, 100m shares at 1p? As far as Morgan is concerned, he is clearly well connected in the city, what is his track record in running tech companies? What has been the track record of any of them? Not a whiff of a turnaround specialist. What really galls me is
"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.. This Asian utility has shown every indication of wishing to conclude the formalities on this project with the Company within the very near future"
and
"Although these discussions have taken longer to conclude than previously envisaged both utilities are showing every indication of wishing to conclude the formalities with the Company within the very near future"
Followed by the usual nothing. Given what has gone before this is really unforgivable and Morgan was there at the time. And unfortunately the chart suggests that current buyers do not know anything we don't.

[lord r] 04/12/2004 14:32

Stu

Understand your frustration mate but without Morgan this Company would have gone down the pan back in June/July.

AVT is a little tiddler in a complex big boys game involving meter manufacturers,utilities,partners,politians and other hangers-on.
Progress has been incredibly slow on 2-way and AVT has come close-(or so they thought)to securing very large contracts which would mean we'd all be on the beach in the Bahamas by now.

Even one contract would have a massive impact on the share price, so i'm hanging on in hope!Encouraging that some long term shareholders have topped up at these prices.Maybe they know something we don't!!

[stu31] 03/12/2004 22:04

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 considerableresources which has constrained the rest of the Group's business from growing more rapidly. 2003 will be a defining year for the Two-Way business. (It certainly was)

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.

[peterknaup] 03/12/2004 14:23

L R
Fact - have been shareholders for a long time, just topped up !
P K

[lord r] 03/12/2004 13:37

Today's Brainteaser Question is:

Who are Mark and Alexander Wills?

A-Friends of the Chairman.

B-Half brothers of Edmond Jackson on the Scottish side?

c-Venture capitalists/potential new owners of AVT?

D-someone else.

VOTE NOW PLEASE WITH A REASON FOR YOUR ANSWER.THANK YOU.

[treborbob] 02/12/2004 14:21

Lord r

As they say in Wales"there we are then"

[lord r] 02/12/2004 13:46

TB-aka Dragonheart.

Poor Edmond- what a bad week he's having.His tip Planestation has crash landed with a 43% drop today.With that and AVT there could be a serious black hole looming in that personal pension.

Might be worth buying the Sunday Telegraph this weekend!Unless he's on a camping holiday.Have left appropriate message on Planestation bulletin board!

Your message sounds a bit more encouraging which would explain recent buying.Let's wait and see.

[treborbob] 02/12/2004 13:28

Lord r

On a serious note I think more directors buying would help and I am not talking about a paltry 5k's worth.I think further announcements are imminent which should help a bit.

[treborbob] 02/12/2004 13:21

Lord r

I dont think he's much of a dragon marrier either.Possibly a dragon bottler.

[lord r] 02/12/2004 09:21

TB

Dunno, but looking at his photo in the Sunday Telegraph he doesn't look like much of a dragon slayer!

Not sure he would know where he would put the lance!

P.S.Any chance of an unambiguious comment on the sudden price fall? After all it is nearly Christmas.

[treborbob] 01/12/2004 21:24

Lord r

Surely me a mere no nothing mortal,could not scare off the mighty dragon slaying Edmond the great.Is he from Wales?

[safman] 01/12/2004 15:10

I think it will be interesting to get EJs view on AVT.. in terms of tech shares which are completely battered... i do recall 2 shares on offer - SPS + NSB.. both which @ the time were v. risky.. perhaps NSB @4.5p.. and SPS @7p.. both recovered.. in the case of SPS a placing @14p.. buring cash.. just like AVT...

will be interested in EJs views in this..

saffy..

[lord r] 01/12/2004 13:50

Edmond Jackson

Do you have any useful comment to make regarding current events or has Treborbob scared you off?

That Morgan is buying modestly would imply no endgame yet, although no other Directors have followed suit.

Perhaps Institutional selling is more related to assurances given about timing of likely contracts.

Whats your view?