Share Name Share Symbol Market Type Share ISIN Share Description
XL Tech. LSE:XLT London Ordinary Share USU984051008 COM STK USD 0.001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 13.00p 0.00p 0.00p - - - 0 06:31:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown - - - - 21.94

XL Tech. Share Discussion Threads

Showing 101 to 123 of 125 messages
Chat Pages: 5  4  3  2  1
The end is nigh! RNS 29aug08: Result of Special Meeting of Stockholders and Annual General Meeting XL TechGroup (AIM: XLT) advises that the resolution proposed at today's Special Meeting of Stockholders has been approved. As a result, the cancellation of the Admission of the Company's securities on the AIM market of the London Stock Exchange will take effect at 7.00am UK time on 8 September 2008. XL TechGroup further advises that all the resolutions put to shareholders at its Annual General Meeting, also held today, were duly passed. So, Dear Posters: Thanks for your interest and postings over the past three years, but this thread is about to come to an end. XLT never delivered the goods, though it gave some promising and treadeable moves early-on. So much for its boast, in its IPO doc: "The XL TechGroup management team has created substantial value for shareholders over the last twelve years, having successfully exited six technology businesses at an annual IRR of 148%. The team has turned $157 million of investment into more than $1.1 billion of liquid asset value. The six exited businesses have a combined market cap of $3 billion and combined annual revenues of $1.25 billion." I won't ask ADVFN to delete the thread, but I will cease to monitor it from the end of next week.
After the way Agcert shareholders were treated - I wouldn't hold out much hope in the longer term. But all the best in any event.
Check the cash position etc. and how much is TYR really worth given its current revenues, profits etc.?
Anyone any ideas as to why market cap now down to a ridiculous £6.97m other than the much anticipated demise of Agcert which everyone had written off long ago? Still a £40m+ stake in TYR plus all the other exciting pre IPO businesses. How much does XLT stand to lose other than its stake when Agcert is formally wound up?
I'll Pram this bu$$er because I can
I guess it is all over for agcert holders - this is from the agcert site. I cannot find any further info but will post if I do AgCert International plc has completed the process of Examinership and is now a part of The AES Corporation ( AgCert, a wholly owned subsidiary of AES, will continue to operate as an Irish entity headquartered in Dublin. AgCert's innovative approach to reducing emissions at livestock farms and its commercial relationships with farmers will remain the same.
Greetings smcl Sympathies if you are an AGC holder. A trouble with receivership-type situations (I don't know the ins and outs of Irish insolvency laws) is that fire sales of assets can take place. DYOR; I hold some XLT shares
Yes, Interesting that AGC shareholders do not seemed to have been informed of this transfer of the IP in the earlier RNS you posted above. Its only come out now. An investigation is required
This morning's RNS (Agcert IP transferred to XLT) reassures too but dyor.
Greetings BigT20 Your 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.
thailand, Have a look at post 92 re. the cash
great news today.why is noone interested in this company.It is going for a song.
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.
Reading the section of the Operating Update before the auditors section about the 2008 cash budget really supports the VERY HIGH risk comment. Delays in cash coming in could cause problems. Couple that to: 'XL TechGroup has agreed to pay 17.8 mln usd plus interest to Laurus in May 2009.' Thats roughly £9m plus interest they have to find.
saw Richard Branson being interviewed on Bloomberg earlier talking up the prospects of algae being used to make fuel for his jets.Said he thought it most likely type of biofuel to succeed as it didn't need agricultural land to grow.
They have been saying buy for some time they also liked agcert!!!!
How can anything that is described as a VERY HIGH risk be a strong buy? Surely the words speculative buy, would have been appropriate?
Charles Stanley have recommended this as a strong buy today but with a very high risk note. Massive potential or complete failure seems to be the message. This is the first time I have looked at XLT so have some reading to do.
where is everyone? anyone got anything to say re today's update? sounds very positive to me. seems like we have seen the bottom,the only way is up from here,a long way up I hope.Spot on tp100.
This is great news. I'm ignoring Agcert (although it might return something) but I like the fact that the company has an extra $10m cash in the short term. Arguably, this means that no more funding in 2008 is required and that we are not a forced seller of Tyratech in June. Don't be surprised if the price is higher by the close tomorrow when this news sinks in. Update in a few weeks will be welcome.
XL TechGroup, Inc. ("XL TechGroup" or "the Company") XL TechGroup enters into loan note agreement with Laurus and receives US$9.9 million cash in AgCert related transactions XL TechGroup (AIM: XLT), the creator of companies that solve identified, global unmet market needs, advises that in order to facilitate negotiations between AgCert International plc ("AgCert") and its creditors, it 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 one of AgCert's creditors. The new loan note carries a current interest rate of 10% and, consistent with previous borrowings from Laurus, is secured against the general assets of XL TechGroup. The effect of this agreement has been to remove a matching amount of debt owed to Laurus by AgCert from the latter's balance sheet, to add US$9.9 million in cash to XL TechGroup's balance sheet (in addition to the US$11.4 million cash that the Company started 2008 with), and to leave XL TechGroup with a balancing US$7.9 million participation right from an AgCert creditor under the original debt owed by AgCert, which remains secured. XL TechGroup's previous commitment to provide a loan of up to Euro5 million to AgCert in the second quarter of 2008 no longer exists and has been replaced by the secured participation right for a similar amount. The intent of this agreement was to simplify AgCert's relationships with its senior creditors, resulting in AgCert having only one secured creditor, thereby enabling AgCert to attempt to negotiate directly with its other creditors and customers. However, despite extensive negotiations, AgCert has been unable to reach agreement with all its creditors and customers regarding the renegotiation of contracts, and has today proposed to file a petition for examinership in Ireland. This entails a process whereby AgCert is put under the protection of the High Court in Ireland with a view to allowing a court appointed examiner to formulate and put forward for approval a scheme of arrangement with its creditors and members. The objective in petitioning for examinership is to address AgCert's obligations while maintaining an ongoing business. This action by AgCert has no impact on any XL TechGroup borrowing covenants. John Scott, CEO of XL TechGroup, commented: "We directly involved ourselves in AgCert's negotiations with its creditors at the end of 2007, with the single aim of looking to maximise value for all of AgCert's shareholders. It is therefore disappointing that they have not yet reached an agreement with all their creditors and customers. However, there is now only one secured creditor and this gives us reason to continue to be optimistic that an AgCert business with value will be preserved, whether through the examinership process or otherwise." - Ends -
Have you had a look in detail vienna? The trades are not obviously anything - do you think anyone could sell at 31p if there weren't buyers too. Of more interest is that someone paid 35p for 54,000 shares - why if there are large sellers everywhere? I have been buying as I think the shares are mispriced - if you are cautious then you can always short Tyratech that may come under pressure if XL is forced to reduce their stake. Remember their stake is worth £52m but market cap of XL is only £17m (they probably have £25m of debt).
Chat Pages: 5  4  3  2  1
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:32 V: D:20171118 23:16:42