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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| XL Tech. | XLT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 13.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 13.00 | 13.00 |
| Top Posts |
|---|
Posted at 03/5/2008 12:07 by maytrees Greetings BigT20Your post94 makes a good point. XLT's position is: "...To facilitate AgCert's negotiations with its creditors and customers, with the single aim of looking to maximise value for all of AgCert's shareholders, XL TechGroup has entered into a loan note agreement with Laurus Master Fund Ltd. ("Laurus") under which XL TechGroup has agreed to pay US$17.8 million plus interest to Laurus in May 2009. In return, XL TechGroup has received US$9.9 million in cash from a third party which has now become AgCert's sole secured creditor. From XL TechGroup's perspective, the effect of this agreement has been to: * remove a previous commitment to provide a loan of up to Euro5 million to AgCert in the second quarter of 2008; * add US$9.9 million in cash to XL TechGroup's balance sheet, and; * leave XL TechGroup with a US$7.9 million right to participate alongside AgCert's sole secured creditor under the original debt owed to them by AgCert It is the Company's view that the new agreement with Laurus has left XL TechGroup in an improved position in relation to AgCert than existed before when XL TechGroup was simply a shareholder with a commitment to lend AgCert additional funds that would not have been secured in a senior way. The changed position gives XL TechGroup cause to continue to be optimistic that a stake in an AgCert business with value will be preserved, whether through the examinership process or otherwise." Despite yr good point I became a first time investor in XLT last week. Your point and the Agcert problems are surely already reflected in the current low XLT sp? The willingness of the "third party" in these credit crunch times to risk a tad under $10m cash gives grounds for optimism but defintely all imho so dyor. |
Posted at 13/3/2008 22:56 by bigt20 BUT how are XLT going to raise the cash for 2009 (assuming 2008 revenues are received as expected per the Operating Update)?I would have thought external investors would want to invest in one of the spin offs companies directly (to help the spin off grow, not to fund XLT)if its floated not buy shares (of the spin off company) off XLT.? What sort of message would it send to new investors in these spin off companies if XLT try to offload shares to generate cash? So how do you think XLT will generate cash to pay the £9m + interest to Laurus and provide sufficient cash for XLT to operate during 2009? Do you think XLT will do a placing of its own shares? As for Tyratech, I still think a cap of £100m is a bit rich at the moment. |
Posted at 18/2/2008 10:10 by tp100 what is GCI?...Growth Company Investor, yes I found it but not a subscriber. What does it say? Price target? |
Posted at 21/12/2007 16:30 by utwiq wiganer - XLT or TYR?neither is true in my view (except in the sense that every stock is potentially worthless, although I'll agree that technology companies may be especially poorly asset backed, as their intellectual property may not work!) fwiw, I just initiated a stake here the MCap is now covered by TYR plus cash less debt (at least as at 30 Jun...) and TYR looks very promising to me a recent msn money article on bio pesticides was interesting; major venture capital interest in this sector, and TYR may have a definite edge in that its products are more effective than conventional products (most bio pesticide players have weaker/less effective products, but sell them on other virtues...) anyway, DxTech strikes me as being a simply brilliant idea, PetroAlgae will be incredible if it works and at least it should be able to attract major investor interest, and QuoNova is likewise very appealing indeed, if earlier stage; so I'm happy to invest in TYR by way of XLT and enjoy the other companies alongside |
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