When you are in hospital looking at expensive gear in theatre ( let's hope they sedate you before cutting anything!)...think that maybe ( only maybe) the purchase is due to the careful efforts of ATUK helping the NHS....or not?

Investors appear to have been happy to break my first rule -pay no more than 50p for AIM-stock - for it started at 2005 at 65p
Today it's about 2p with a certainty early investors will be diluted at maybe 1p, so in effect the Money-bags are buying your company for almost a hundredth of the price you paid (allowing for spread, charges etc.).

My second rule has thus been created...don't invest in AIM.

yeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

rns out

kerrrrrrrrrrrrrrrrrrrrrrrrrchinnnnnnnnnnnnnnnnnnnnnngggggggggggggggggggggggggggggaroooooooooooooooooooooooooooooooooooooooooo

@UK PLC

("@UK" or the "Company")

eCommerce Marketplace Contract Win

@UK platform selected for leading shared procurement service


@UK, (AIM: ATUK) the provider of eProcurement and eCommerce software, is pleased to announce that it has been awarded a contract to provide an eCommerce Marketplace to a local authority and NHS Services partnership.


This was the first local authority and primary care trust to form a partnership, with a single chief executive and joint management team. It was set up in 2008, and @UK PLC has won the contract to provide them with a single system for electronic procurement.


Ronald Duncan Chairman of @UK PLC commented, "We have worked extensively with individual Local Government and NHS organisations and the efficiencies of a 'joined up' approach are clear. We therefore expect this segment of the market to grow significantly as part of the NHS restructuring and believe we are well positioned as the only company which is a market leader in both sectors to benefit from this growth."

and is going NUTS again as in previous RNS 15.25p +3.50p

cielo good stuff

lubbly, bubbly jubbly.........looooool

Nice one I like the look of this share. SAR could do with a bit of NHS today.

bb / driver - good to see you in here - kerrrrrrrrrchingggggggggggggggggg!!! :-))

rrl kerchinnnnnnnnnnngggggggggggggggg

come on sres!!! always 1 lol!!

cheers dudes

falling back a bit, did'nt take profits at 18p a well.,.

up again 55%...in gibbys words ......kkkkkkkkkkkkeeeeeeeeeeeeeeeeerrrrrrrrrrching

2nd best performer of the day
ATUK @Uk 18.50p + 6.75p - 57.45%

We are into a Higher BREAKOUT
Lets see what tomorrow brings after newspapers comments.
They say the sky is the limit on those cases

be keeping a close eye on this one tomorrow!

Going well again, up 13% first thing.

Brilliant performance on the latest news but only the start imo---this floated at 60p and I think it will get back there before year end!!

lots of buying and spread zero, rather than top slicing have decided to wait for drop and add when ready.

After the large rise of the last couple days, I have dispose of half.

the thing is sell on spikes and buy on weakness.

so now wainting for this game to come around and do not mind to wait.

don't think it will drop like other times eg 30-40p reckon it might rest around 45-50 which is why i didn't sell this time.,.

Comments on the THE DAILY MAIL

Shares of software company @UK soared 6.75p or 57pc to a 52-week peak of 18.5p. Buyers piled on hearing it has been awarded a contract to provide an e-commerce market place to an unnamed local authority and National Health Services partnership.

It was the first local authority and primary care trust to form a partnership, with a single chief executive and joint management team.

Read more: http://www.dailymail.co.uk/money/article-1355720/MARKET-REPORT-GEOFF-FOSTER-Spreadbetter-abandons-AIM.html#ixzz1DbFsHJAL

A late post last night from somewhere else _I have just came accross ( the poster most likely missed the boat ) ...........
11 February 2010 00:22
"For anybody holding for 6 months this is already a 20 bagger based on todays price....but for anybody new to the board some background might be in order.

@UK has quite a successful online company formations business t/o 1-2million pa and producing 600-800K gross profit pa

It has been investing a lot of time and money in developing links with public services and developing cost saving databases and markets but to date despite prestigious links eg work for NAO on NHS and innovative Spend Insight collaboration and the Carbon Evaluations it is not turning this into hard cash yet.....more of the potential here below.....but the bottom line is all this R&D means it is a loss making business and cash flow negative!!

To stave off the inevitable there have been quite a few placings...the Fundamentals on iii here haven't kept up with this so it shows a smaller capitalisation than actual.
With 71 million shares in issue excluding a large no of options at 3.5p or less the company is currently capitalised at, in excess, of 16 million "


The growth in the last six months has been negative and the company is controlled by the Duncan family, Michael Pasterk and Mr Holloway and the employees who between them hold over 40% of the share capital..so a bid will only happen with their approval. All the development work has been funded by placings and to be blunt the cashflow is very tight so expect a large placing or rights issue at these prices.

The prospects are considerable....look at my earlier post... if they can crack the e-procurement cloud computing issue

But to keep this balanced...
(a) the analysts have a target of 10p ...we are 70% over this.
(b) the orders have come through much more slowly than originally predicted...today was the first
(c) the link ups with Barclaycard & Google are not strategic... in the case of the former it is offering Barclaycard as a payment means with the latter it is a cross advertising agreement....the RNS's are VERY WELL Spun WITH THIS COMPANY
(d) the maths of this business don't bring a lot to the bottom line eg a spend of 10million on procurement....remember the bulk of health and LA costs are wages, only to be saved by reducing headcount and the second element are fixed costs buildings and legal claims..... so procurement is only 10-20% of LA turnover and 15%-30% in the health service(I've worked as an accountant in both) but of the latter a lot of this is to drug companies where cost savings are hard to achieve (O/T hence the great prospects for SAR)...so of the 10million spend savings of 1-2 million might be achieved of which the e-procurer will do well to get 3-5% eg 30-100K....so 1million of turnover needs say 20 orders....the UK has a ceiling of under 1500 such LA's PCT's govt departments etc (they are being encouraged to merge) so with a 40% market penetration ie 600 trusts etc produces 9-15million T/0.....gross profit probably 40% so maximum bottom line contribution on this basis 4-6 million. At a PE of 12 this justifies a MAXIMUM market cap of 48-70 million.
Currently we have less than 1% of my projected clients...so we are still loss making BIG TIME.
(e) The big payment will be in the first two years of the contract, subsequent to this the savings are made and the payment for what are in effect re-orders will yield only 1-3%.....SO THE MARKET SIZE DECLINES and the repeat business is LESS PROFITABLE... not a good business model

BB you're really confusing me or can I just not read? do you really mean- eg 30-40p reckon it might rest around 45-50?

Just got home and read what i put dinner time.......DUH!!! wrong thread should have been on ABH thread......ignore me.....as usual...lol