This stock moved from OFEX to AIM recently and the share price has dropped considerably. Today the following news was released and the shares rose. This is still under the listing price of 2.5p I believe so their is no growth factored in;

LONDON (AFX) - Aquilo PLC said it knows no reason for its share price
movement following the recent decline in the stock.
The insurance company said the fall occurred on small trading volumes, and
in the absence of any trading update or newsflow from the company since its
flotation in May.
It added it intends to bring forward the announcement of its interim results
to Sept 8 to update shareholders on progress.

RNS Number:7522C
Aquilo PLC
08 September 2004


Aquilo PLC


Interim Results for the period ended 30th June 2004


Aquilo PLC (Aquilo) today announces its half year results for the period ended
30th June 2004



Financial and Trading Highlights



Aquilo, the support services business to the motor and household insurance
sector, today announces interim results for the first half of its 2004 financial
year. The IT division was sold at the start of 2004. An Engineering Inspection
business (renamed Aquilo Engineering) was acquired during March 2004 and a
Strategic Services business (Stochastic Financial Modelling) at the time of the
move up to the AIM market at the beginning of May 2004. Aquilo is now a focused
supplier of claims management and advisory services to selected segments of the
general insurance sector.



Financial Highlights



* Turnover up 78% to #1.85 million (2003: #1.03m)



* Gross Profit up 117% to #0.883m (2003: #0.407m)



* Operating Losses, prior to exceptionals, down 20% to #0.55m (2003: #0.68m)



* Capital and reserves strengthened considerably to facilitate growth



* Basic loss per share -0.5p (2003: -0.8p)







Trading Highlights



* Strong performance from the Engineering Inspections business acquired from
Rubicon in March 2004, following full integration process.



* The Strategic Consultancy business has grown fourfold in the first six
months (2004: #0.065m : 2003 #0.015m). It has established its credibility
with major corporate clients, insurers and brokers.
* The Accidentcare Membership business has consolidated and has successfully
relocated its service fulfilment which brings Aquilo improved earnings and
reduced cost.



* The Claims Management business has established credibility for a number of
initiatives including fraud detection. Conversion of pilots into ongoing
contracts has continued to suffer delays but a number of steps have been
taken which are likely to lead to rapid growth in Q.4 and into 2005.



* A number of cost reduction measures have been taken which, although they
have resulted in exceptionals of #0.11m in the first half, will result in
long term savings. Management continue to seek further improvements in
operational structure and processes

How good does that look ? Come on...tomorrow is the buying opportunity.

People starting to peck away now.

Some good buying today after the drop. Question will be how long will they hold the offer at 1.8p now.

Last trade at 1.8p maybe a tick up due.

Anyone else adding for the 6 month wait until profitability ? Could be a very good return.

Thanks to Maytrees

From Shares Magazine

quote:
--------------------------------------------------------------------------------
SMALL SHARES
Aquilo (AQL:AIM), the recently floated insurance claims
management and advisory group, has formed a strategic alliance
with Broker Assistance, a fast-emerging provider of claims
management services. At the same time it has relocated its business from
Colindale in North London to Warrington.
The move is all part of a plan outlined on 6 May which was the start of
trading in its shares on AIM. The strategy is to improve the quality of client
services by being able to extend integrated claims management to its
Accidentcare members as well as their sponsoring brokers. The move will
bring with it an increased revenue stream and reduced costs. The two
companies are also marketing a combination of their services to offer a
broader service to their existing clients.
At the time of its AIM admission, Aquilo also completed the acquisition
of Stochastic Financial Modelling for a consideration of 6.5 million shares.
The shares are lightly traded and as a result of considerable volatility, the
group brought forward the announcement of its interim results.
■ Shares says: This is a highly competitive sector and the
alliance makes a lot of sense.
Aquilo brokers an alliance
by: Jonas Crosland


Now did those MM blighters try and shake some stock out for Monday ?

Online price seems to be moving back up a touch.

Taken from the interim results. I have now had chance to sit down and run over the comments and there seems to be alot happening in H2 which will hopefully see them through to profitability and a much increased share price.


Financial Highlights * Turnover up 78% to #1.85 million (2003: #1.03m) * Gross Profit up 117% to #0.883m (2003: #0.407m) * Operating Losses, prior to exceptionals, down 20% to #0.55m (2003: #0.68m) * Capital and reserves strengthened considerably to facilitate growth * Basic loss per share -0.5p (2003: -0.8p)

* Strong performance from the Engineering Inspections business acquired from Rubicon in March 2004, following full integration process. * The Strategic Consultancy business has grown fourfold in the first six months (2004: #0.065m : 2003 #0.015m). It has established its credibility with major corporate clients, insurers and brokers. * The Accidentcare Membership business has consolidated and has successfully relocated its service fulfilment which brings Aquilo improved earnings and reduced cost. * The Claims Management business has established credibility for a number of initiatives including fraud detection. Conversion of pilots into ongoing contracts has continued to suffer delays but a number of steps have been taken which are likely to lead to rapid growth in Q.4 and into 2005. * A number of cost reduction measures have been taken which, although they have resulted in exceptionals of #0.11m in the first half, will result in long term savings. Management continue to seek further improvements in operational structure and processes.

Interest payable rose to #0.07m (2003: #0.023m) due to the interest on bank facilities not present in 2003 and additional loan notes in issue for most of the period under review.
The successful fundraising has substantially strengthened the balance sheet which, in turn, gives confidence to major customers and lays a sound foundation for future growth. As at June 30th the Company had repaid (or converted to equity) all its loan notes and had repaid its bank overdraft.

The individual divisions are all showing good progress which the directors expect will be operating profitably on a monthly basis by the year end.

Aquilo Engineering
Discussions are ongoing with a number of new clients who are anticipated to provide work in the second half.

Aquilo Strategic Services
As a result a new client is anticipated to provide fraud related claims work in the second half. Having been retained as an advisor for the biggest fleet customer in the UK, has given a boost to both revenues and credibility. We are now working on assignments with a number of multi-national and larger national insurance brokers which it is hoped will lead in the second half to either appointment as advisor or the sale of a licence for use of the Stochastic software.

Accidentcare
The back office operation was successfully moved to be co-located with strategic partners, Broker Assistance, in Warrington. This produces a substantial cost saving, offers a better service to clients, including credit repair, and access to an internet based system whereby they can review their own files. The full effect of the exercise will begin to come through in the second half and an ongoing partnership with BA is expected to have a beneficial effect on revenues.

Claims Management
Aquilo is, however, continuing to service existing clients with ongoing encouraging results. Whilst delayed it is anticipated that substantially increased volumes will be obtained from existing clients and new clients have already been identified who will provide work in the second half. A number of other initiatives with other partners related to fraud detection have been initiated and are being brought to market. In the longer term this will provide both increased revenues and earnings potential.

Outlook
The directors see a very positive outlook for the Company as they can see the Group reaching profitability by the end of 2004 and good prospects for a profitable 2005 taking account of business prospects currently open to it. They expect that the management team will deliver additional opportunities for the remainder of 2004 and 2005.

Looks a good buying opportunity at this price.

Interesting that there was some good buying in 250K chunks and then the RNS with bullish tones followed by the tick up.

Maybe more to this than meets the eye presently.

See there was another nice BUY reported after the close - 390K

Interesting news I see and IC rate this as having good growth potential. Will be interesting to see what price they come back at

5th Nov 2004 info from IC in "good potential" category
even b4 RNS:


Quote:
--------------------------------------------------------------------------------

5 November 2004

aquilo (AQL)
aquilo (formerly Accidentcare) moved from Ofex to Aim in May this year. Around 85 per cent of its business is claims-management for the household and motor insurance markets. It utilises high-tech fraud-detection measures. Insurance company contract deferrals accounted for static 2003 sales and the rise in losses. This year's turnover could be close to 4m following February's purchase of a motor inspection business. Interim 2004 sales were 1.85m, with a loss of 718,000.


Ord price: 1.25p Market value: 1.15m
Touch: 1-1.5p 12-month High: 2.25p Low: 0.75p
Dividend yield: nil PE ratio: na
Net asset value: nil* Net debt: *
*Negative shareholders' funds

Year to Turnover Pre-tax Earnings Dividend
31 Dec (m) profit (m) per share (p) per share (p)


2002 2.53 -0.72 -0.8 nil
2003 2.51 -1.86 -0.2 nil

Market makers: 3 Traded on Aim
Last IC view: 13 Feb 2004, page 18


Good value, if 2004 targets are met and councils become fraud-busting clients.




--------------------------------------------------------------------------------




Also to provide fuller picture for peeps to
mull over while the company and investors are in supense
copied below is the IC report regarding the then
proposed transfer from OFEX to AIM, mentioned by EC earlier
in the thread.

Not least because EC's views are IMHO, usually
good and of his experience of OFEX companies
share trading,
there remains the a need to be cautious
about aquilo 's
prospects but the reverse takeover possibility
is a dimension which was not on the cards when this thread
was started.


Quote:
--------------------------------------------------------------------------------

13 February 2004

aquilo makes claim for Aim placing
A new-look aquilo plans to step up from Ofex to Aim, and will raise around 2m in the process to help facilitate further expansion of the business.

Currently valued at 2.7m, the group is ambitious, and hopes that the new funds will provide it with a sound balance sheet and help to facilitate profitability. It also aims to achieve a market capitalisation of 50m by the end of 2006.

aquilo originally joined Ofex in the guise of Accidentcare. The company provides strategic and business services to the insurance and financial services sector. Its focus on claims-management and advisory services currently centres on the motor industry, but the plan is to bolster its offerings by adding household and fraud-management facilities.

As a result of restructuring and refocusing, first-half losses totalled 698,000 (down from 869,000 last year) on sales of 1m (754,000). The full-year loss will be greater than expected, though.

During December, the group confirmed a number of important contracts, which will bring in revenues in excess of 2m this year. And arrangements already in place should generate an aggregate revenue of at least a further 1m between 2005 and 2007.

Acquisitions are likely moving forwards, which will further boost aquilo's revenue streams. The group is operating in a massive market, and should be well-placed if it successfully raises new money.

RNS Number:7154F Aquilo PLC 26 November 2004


AQUILO PLC


Recommended Offer for ABS

On 8 November 2004 your Board announced that it was at an advanced stage of negotiation with the board of ABS Bodyshop Services Limited with a view to making a recommended offer to acquire the whole of the issued share capital of ABS. The shares in the Company have been suspended since that date as under the AIM Rules the acquisition of ABS ("Acquisition") would be classed as a 'reverse takeover'.

Today your Board is pleased to announce that Brewin Dolphin, on behalf of Aquilo, has made a recommended offer to shareholders in ABS to acquire the entire ordinary share capital of ABS ("the Offer") for an aggregate consideration valued at #1.727 rmillion.

The Offer

The Offer of #4.70 for each Share in ABS values ABS at approximately #1.727 million. For each ABS Share the Offer comprises:


Cash of #2.35.

Shares in Aquilo to a value of #1.175. This comprises 67 shares in Aquilo which will be issued at an issue price of 1.75p per Aquilo share, being the price at which the Company raised new equity at the time of its flotation on AIM in May 2004 and the approximate price of Aquilo Shares during the period of negotiation with ABS' board.

Unsecured Loan Notes in Aquilo to a value of #1.175. ABS Shareholders are offered a choice of two types of Loan Notes:

a) Non Convertible Loan Notes, which pay a coupon of 7%; and
b) Convertible Loan Notes, which pay a coupon of 5%. These are
convertible into Aquilo Shares at an exercise price of 3.5p per share
at any time following admission to trading on AIM of the New Ordinary
Shares issued under the Offer ("Admission").


Aquilo has the option of redeeming the Loan Notes at any time following the first anniversary of Admission. In any event these Loan Notes will be redeemed by two years following Admission.

In aggregate the consideration comprises cash of approximately #863,000, Loan Notes of approximately #432,000 and New Ordinary Shares in Aquilo to the value of approximately #432,000.

The cash consideration will be funded by an extension of the Company's banking facilities. In addition, Aquilo is looking to effect a placing of a further #390,000 of Convertible Loan Notes ("Loan Note Placing") with institutional and other investors including certain directors of the Company, and a placing ("Placing") of #50,000 of new Ordinary Shares with investors at 1.75p per New Ordinary Share. The placing of Loan Notes and New Ordinary Shares will be conditional upon acceptance of the Offer by ABS Shareholders. If the Offer is successful, the Company will apply for Admission for the New Ordinary Shares issued.

The Offer is conditional upon the Shareholders approving the Acquisition, Admission, the approval in a general meeting of ABS' Shareholders of a resolution to amend its articles of association to allow the Offer to be effected which is scheduled for 3 December, the acceptance of the Offer by holders of at least 90 per cent. of the ABS Shares, and fulfilment of other terms and conditions of the Offer. The Board of Aquilo has the right to relax the acceptance condition should it so decide.

The Offer has been made today, 26 November 2004, and the first closing date for acceptance of the Offer is 3.00pm on 17 December 2004. The Offer is not capable of acceptance by ABS Shareholders beyond 31 January 2005.

It is proposed that an EGM will be convened shortly to approve the Acquisition of ABS, notice of which will be sent to Aquilo Shareholders.

Background to and reasons for the Acquisition

Upon its admission to AIM in May 2004, Aquilo stated that it would pursue a growth strategy through both acquisitive and accelerated organic growth. It was anticipated that suitable acquisitions would be made which would extend the Company's capture of the Supply Chain. The Board has reviewed a number of potential acquisitions since that time and ABS represents the first one which the Board believed it is appropriate to pursue.

The Board has the vision of offering a high quality, empathetic, proactive first response service to its clients in order to reduce the cost of their insurance claims. Part of Group strategy is to identify strategic partners with whom it can work to enhance its service offering to clients. By working together with such partners the Board believes that the Company develops a closer understanding of those partners' businesses and opens up the possibility for subsequent business combinations with these partners.

The Board believes that it has a good understanding of the ABS business and, that it is able to make an informed assessment of the business and how it could profitably be developed within the Aquilo Group strategy.

Benefits of the Acquisition The Board believes that the acquisition of ABS offers the Group a number of benefits:


Enhancement of Aquilo's service offering
Opportunity for achieving cost savings
Operating efficiencies by amalgamating common activities
Marketing Benefits
Strengthening Aquilo's financial position
Administrative efficiencies
The benefits of scale.
Further details of the benefits to Aquilo Shareholders of the Acquisition will be set out in a circular to be sent to shareholders (the "Circular").

As the Acquisition is classed as a reverse takeover under the AIM Rules, the Company is required to prepare an Admission Document which includes, inter alia, information on Aquilo and ABS, financial information on both companies, and sets out the enlarged Group's strategy moving forward. A copy of the Admission Document will be sent to Shareholders together with the Circular in the near future at which time the Company's shares will resume trading on AIM.

It is intended that if the Offer is declared unconditional as to acceptances, application will be made to the London Stock Exchange plc for the New Ordinary Shares issued in connection with the Offer and the Placing to be admitted to trading on AIM. It is expected that, conditional upon the passing of the resolution necessary to effect the Acquisition at the EGM, if the necessary acceptance level is achieved by the first closing date on 17 December, dealings in the New Ordinary Shares will commence on or around 22 December 2004. The New Ordinary Shares will, when issued, rank pari passu with the Existing Ordinary Shares. In the event that the Offer is not declared unconditional as to acceptances on 17 December, Admission is expected to occur on the later of 3 business days following the date on which the Offer is declared unconditional as to acceptances (at which point application will be made for the New Ordinary Shares to be admitted to AIM), or the day following Aquilo's EGM to approve the Acquisition. In the meantime the Company's existing ordinary shares will continue to be traded on AIM.

Recommendation

The Directors of Aquilo intend to unanimously recommend Shareholders to vote in favour of the resolution to approve the Acquisition at the EGM, as they intend to do in respect of their own beneficial holdings amounting to, in aggregate, 41,077,164 Ordinary Shares representing 14.13 per cent. of the shares entitled to vote on that resolution.


This information is provided by RNS
The company news service from the London Stock Exchange

RNS Number:0540G Aquilo PLC 06 December 2004


AQUILO PLC


Recommended Offer for ABS - UPDATE

On 26 November 2004 your Board announced that Brewin Dolphin, on behalf of Aquilo, had made a recommended offer to the shareholders of ABS to acquire the entire ordinary share capital of ABS (the 'Offer') for an aggregate consideration valued at #1.727 million.

In addition, Aquilo had obtained ABS' Board's recommendation of the Offer and had received irrevocable acceptances from all the Director shareholders of ABS comprising 28.59 per cent of ABS' share capital.

The acquisition of ABS is conditional upon a number of factors including ABS shareholders passing a resolution to amend ABS' articles of association at an extraordinary general meeting (the "ABS EGM"), which is necessary to effect the acquisition.

During the past week the Company has presented the Offer to a number of ABS shareholders in two shareholder meetings, and a third meeting is planned for today (December 6).

The ABS EGM which was scheduled for 3 December has now been deferred until 24 December 2004, being the earliest date under ABS' articles at which it can take place. This deferral has been made in order to allow the last of the ABS shareholder meetings to be completed, and to give the ABS shareholders time for proper consideration of the Offer.

It had been anticipated that a circular to Aquilo shareholders and an Admission Document would have been sent to shareholders last week, at which time the Company's shares, which have been suspended since 8 November 2004, would have resumed trading on AIM. It is now expected that the Admission Document and Circular will be sent to shareholders within the next two weeks. An Extraordinary General Meeting of Aquilo shareholders to approve the acquisition of ABS, which is required under AIM Rules, will follow around 3 weeks after the posting of the Admission Document.

Contact details:

Clive Nicholls - Aquilo 020 8358 9925


ENDS

Back trading first thing Monday.

I think that this may well be one of those stocks that really has a massive growth potential. It maynot happen short term but future prospects look exceedingly interesting.

Cannot complain ;-)

RNS released yesterday evening. well done to all a patient holders, any shoprt term price targets, 3, 4P?


RNS Number:2991K
Aquilo PLC
29 March 2005


AQUILO PLC
29 March 2005

ACQUISITION OF HFC SELECT

Aquilo Plc is today pleased to announce the acquisition of the business and
assets of Edinburgh based HFC Select (HFCS) which currently trades as a
division of Hi Fi Corner (Edinburgh) Limited. This business will form a core
part of Aquilo's fast growing Property Claims Services Division under the
leadership of its Managing Director, Mike Dean.

HFCS provides specialised claims validation and supply chain services in
relationship to hi-fi, audio visual and sports goods. It is supported by its
unique IT-data base system VCHS which relates like for like models for
comparison and verification purposes.

In the 9 months ended 31 December HFCS made profit of #32,000 on turnover of
#1.271m. Its net assets at that date were negligible.

The principal of the business, Colin Mackenzie, will become a consultant to
Aquilo and a non-executive director of Aquilo's property services company. His
key role will be strategic account management and business development.

The #200,000 consideration comprises an a cash payment of #125,000 and
4,285,715 new ordinary shares in Aquilo. The acquisition is anticipated to
increase Aquilo's turnover by at least #3m in the 12 months following
acquisition and will be earnings enhancing from completion.

Mike Dean said: "This is a very important acquisition for growing the business.
I have worked with Colin Mackenzie for many years, during which time he has
gained much acceptance from the insurance industry for his integrity and
innovative service provision."

Colin Mackenzie said: "I am very excited by the opportunity that will result
from Aquilo's strategy and credibility. I look forward to being a partner in
building Aquilo's market value for myself and its investors. I am confident
that it will be a leader in its chosen fields."

The new ordinary shares have been allotted at a board meeting today, and
application has been made for these shares to be admitted to AIM. Admission is
expected on Monday 4 April 2005.

ENDS

Anyone else invested in this company... Ticking up nicely now pre results... any views anyone?