Member Info for KNIGELK

Post recommended - £3 seems fair value for AVS now imo

This looks huge - especially with most of the settlement being paid back to shareholders! Got some today as I am sure the market will digest this news over the next few days and the share price will move up. Ex-dividend next week too! gla

Granted it is not a fact but very likely. 500k profit in first half and second half is stronger (their words) and far less bank interest to pay. So at least in the short term it looks 99% likely the company will be making profits

The facts are clear - 1,230 million new shares in issue in exchange for reduction in debt of £64 million. The NAV will increase from 3.3p to 4.7p post placing and the company will be making decent profits as £ 5 million debt interest will no longer be charged. The eps s/b 0.40p per share and there will be dividends paid so 2.5p s/b the floor. Also the prospectus states there will be a share consolidation at some point so don't expect 1.5 billion shares to be in issue for long. Directors are potentially taking up significant share holdings (no wonder they kept quiet at the AGM). We will have to wait to see if shorters target this share after the placing but there could be a good opportunity to buy more next month for those not taking up the open offer shares

This keeps dropping - any new reason why? Surely it's a steal at this level??

Well I just topped up and the share price is now 0.50-0.65p so looks like the market agrees - it's positive and a substantial cash windfall is now very likely in the near future GL!

From what I read, it looks like the courts will decide for the parties in 4 months time if no agreement is reached? So at least we appear to have a timetable now for when this will all be sorted? A positive development??

Note the holding rns of this morning... 3p now very unlikely imo...

Wow looks like this company is eyeing up Superglass by the looks of it??

Some large buys going though - if there is any truth in the new JV partner rumour then I hope the company issues a RNS sooner rather than later gla

Adidas results until the ADS ticker? Surely some mistake...

Sub 5p and I will be back in.. made money here twice recently but this time it is far riskier considering the size and price of any equity issue is unknown gl

Not sure what to make of these results. The negatives are that the US fields have been written back to nil and there are exceptional charges. The positives are that the company wishes to enhance shareholder value (they have not been very successful to date) by changing their investment strategy and new personnel are being hired so a RTO might be in the pipeline. However this will only increase admin charges which are high already eating into the cash balances further so I presume an equity issue is on the cards at some point? The balance sheet NAV is now equal to the current market value so not much downside imo (might be selling today though) so best to hold for further updates and see if this BOD can pull a rabbit out of the hat! GLA

Seems like the rush to de-list (especially from AIM) is gathering speed...

Mannnan - sorry meant MTV. Heaveho - are you sure you meant 1.75p and not 2.75p??

I'll have a look at FTC thanks (sorry for not looking earlier). Mannnan - dipped my toe into MTC last week for an quick 10% profit but not again until it sorts itself out! Heaveho - Agree 1.75p s/b bottom and debt down to circ £32 million. Share consolidation is likely post placing and profits gradually increasing. PE will be circ 6 with a dividend yield and ABS model is likely in near future. Cagney - ask your broker but open offer document states 11am 15th March at the latest (broker might want the funds earlier)

No been in this share a while... TPJ needs new JV partner(s) so it is not out far fletch that they may have found one. Also this poster has (apparently) been accurate with his posts over on advfn previously but I agree no point chasing a spike as a newbie

Yes been under the radar here on LSE (not like advfn!) Not sure how much higher it should go now as the SP is close to NAV?

It is not as risky as some shares with 0.45p (roughly) in cash - some reckon the shares could get back to 1.5p IF a JV partner can be found for its projects. It is moving up fast....

Been here a while and I have seen the talk over on advfn... PLEASE let it be true GL!