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Share Name Share Symbol Market Type Share ISIN Share Description
XL Tech. LSE:XLT London Ordinary Share COM STK USD 0.001 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 13.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown 22
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 13.00 GBX

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Date Time Title Posts
30/8/200808:31XL TechGroup106

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Posted at 30/8/2008 08:31 by mikehardman
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.

Posted at 24/6/2008 13:47 by thailand
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?
Posted at 13/5/2008 13:09 by maytrees
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

Posted at 09/5/2008 07:15 by maytrees
This morning's RNS (Agcert IP transferred to XLT) reassures too
but dyor.

Posted at 03/5/2008 11:07 by maytrees
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.

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 21/2/2008 16:13 by m.t.glass
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 -

Posted at 18/2/2008 12:49 by goodnight vienna
GCI's tipping record for XLT has been disastrous.

20 July 2005: GCI said BUY at 370p

10 April 2006: GCI said BUY at 370p on the basis of Charles Stanley projecting an end of year NAV per share of 393p. By end of 2007 they were reckoning it would reach 618p !!!

4 May 2006: GCI said BUY at 370p

15 May 2006: GCI said HOLD at 325p

Now they say BUY.

I see trades of 50,000, 50,000 and 25,000 today. All SELLs at 31p

When there's a tip there's a tap ......

Posted at 29/1/2008 09:45 by m.t.glass
turning south again.. on an upmarket day.

The share price has plunged over 80% in 6 months. It's all very well having an exciting pipeline of ideas and occasional milestone payments, but something needs to reach bigtime fruition soon.

Posted at 06/12/2007 02:10 by orbital123
The 50% drop in share price over a year to 120p was understandable, (and painful). As Agcert became effectively worthless, this has clearly been factored out of the XLT price...

However, I don't see a justification for the further drop in the last few days. It seems to tie in to the AGC announcement, but XLT aren't liable for AGC's trading debts - AGC was already spun out. It's just a matter of market sentiment/loss of trust.

There's a lot of crazy ramping going on in the AGC threads, and I wouldn't touch them at the moment. If I want pump and dump I can look in the spam folder of my mailbox!

However based on the current price of XLT there is huge long-term value from the remaining parts (Tyratech,DxTech,GenXL etc.). Check out the market valuation of their Tyratech holding alone.

I have no idea whats going on inside XLT with the lack of any new info/RNS. I just hope that XLT pull out of the AGC induced stupor and move on.

XL Tech. share price data is direct from the London Stock Exchange
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