http://www.moneyam.com/shareprice/?epic=atuk




What is @UK PLC?
@UK PLC enables all sizes of business to trade online quickly and easily with all types of customers.
With @UK PLC , suppliers can not only take orders '24 / 7' from councils, businesses, schools etc, they can also send electronic invoices for accurate on-time payment.

If you sell to consumers, @UK PLC can also provide online card processing facilities. Larger suppliers can link their existing website into the @UK PLC network. Small suppliers can enter their item or service details quickly and easily into one of our low-cost hosted ecommerce websites, beginning at just 48+VAT pa. Once connected, customers can pass details of all commitments into their finance system, saving time and administration.

New adjustment to the Westhouse target78p

http://www.youtube.com/watch?v=DJ03ZrU5q9k&safety_mode=true&persist_safety_mode=1&noredirect=1

only 768 views, wait til this gets seen globally along with the Visa marketing, on website etc attracting new investors.

Very interesting robstuff, left the live feed below.

http://www.youtube.com/watch?v=DJ03ZrU5q9k&safety_mode=true&persist_safety_mode=1&noredirect=1

A good 15% rise, not far of its high.

In Shares this week - there could be more to come as it develops an existing partnership with US financial giant Visa. The cloud based enterprise commerce business provides a platform that allows clients to extract the best value from contracts and procurement ,potentially saving thousands of pounds.

@UK boss: Visa deal creates inflection point
By Jamie Nimmo September 18 2013, 10:26am




Ronald Duncan’s push towards profitability has been aided by a three-year partnership with payments giant Visa in the Asia Pacific region – a deal @UK's chairman describes as “a complete no-brainer”Ronald Duncan’s push towards profitability has been aided by a three-year partnership with payments giant Visa in the Asia Pacific region – a deal @UK's chairman describes as “a complete no-brainer”

Cost savings have become a staple of company diets in an increasingly cash-starved business world.

But this belt-tightening has played into the hands of Ronald Duncan, the executive chairman of e-procurement firm @UK (LON:ATUK).

Like many of its AIM counterparts, @UK is still a loss-making venture, but broker Westhouse believes the group will post a maiden profit this year. So, you are catching this company at an inflection point.

Getting the market to understand exactly what @UK does is key. Put simply, its system allows businesses to analyse their annual spend and work out ways of doing things cheaper next time round.

Boss Duncan’s push towards profitability has been aided by a three-year partnership with payments giant Visa in the Asia Pacific region – a deal he describes as “a complete no-brainer”. And it has provided helpful third-party validation that what @UK does works.

The deal with Visa means that when one of its member banks implements a procurement card programme, it gets a small percentage of each transaction.

Before this, the company was charging a flat fee, but now the more money its customers earn, the more its revenues rise.

“Our technology allows Visa to get ten times as much spend through the customer,” Duncan explains.

“So they get ten times the fees and they can provide us with a small percentage rebate, which means the customer gets paid to use our system, we get a percentage of the money going through it, and everybody benefits.”

It is a new model that Duncan believes could transform @UK into a business generating £50mln a year in revenues in the next three to five years.

But he admits that if things go to plan with Visa “we should be up within a number of years with trillions going through the system and us having a small percentage of it”.

“If we get a small percentage of the trillions that are going through Visa, then we should be making billions,” the CEO points out.

@UK’s cloud platform already has over a million users, including many of Britain’s universities and colleges, which use the ‘generic emarketplace’ tool to buy anything from chairs to highlighters.

Another major customer is the NHS, which has identified over £500mln in cost savings using its SpendInsight programme.

The company formations business meanwhile has proved something of a cash cow – the revenues from which cover @UK’s overheads.

“The difference with us is that we’ve done all the expensive technical investment,” Duncan continues.

This means that if the company lifts revenues from £2mln currently to say £10mln, it will make a healthy profit, instead of a loss.

Duncan, a former British ski racing champion, knows a thing or two about downhill speed, but is hoping @UK’s share price continues apace in the other direction.

The stock has quadrupled since the recent trading update, valuing it at around £25 million.

It is among a number of tech stocks that have grabbed the attention of investors this year amid a commodities slump that has seen the market lose faith in mining stocks.

A quick glance at the FTSE AIM All-Share table for the last month and you don’t have to scroll down far to find @UK’s name – in fact, it is one of the top five risers.

It comes as no shock to find that the rally has coincided with the inclusion of AIM shares in ISAs, effective as of August 5, which has revved up the retail market.

The company’s recent trading update revealed that business was good in the first half of 2013 and now the building blocks are in place – in the form of the Visa deal – for it to rake in significant revenues and turn a profit.

Westhouse Securities is a backer of the stock and has just doubled its target price to 50p to keep up with the recent rally (current price 30p).

“With the e-procurement market forecast to grow substantially in the next three to five years, we were most encouraged by the developments highlighted in the trading update, particularly the reference that the company was now generating cash,” said analyst Robert Sanders, who expects some activity on the acquisition front.

While there are a number of strands to the business, Duncan says the main focus is now on the Visa alliance and watching revenues grow as its new partner urges more customers to sign up to @UK’s services.

“The core business is going to be that e-commerce side of things, which will then give us more resources to address the other ones. But we’ve got some quite tasty opportunities.

“At the moment that’s the core focus and what value you realise from that. One of our challenges is we’ve got great technology, but we haven’t got the revenues at the moment to be bought by the billions by SAP or Oracle.

“So our challenge is to get the revenues up as quickly as we can so that if we want to exit with those guys, we have the option.”

@UK delivering growth with Visa partnership
By Proactive Investors August 05 2013, 8:14am
Ronald Duncan, Chairman of @UK (LON:ATUK), tells Proactiveinvestors that the association with Visa is a transforming event and enables the company to deliver growth. Ronald sees the projected revenues as laid out at the AGM as 'conservative'


http://www.proactiveinvestors.co.uk/companies/stocktube/2130/uk-delivering-growth-with-visa-partnership-2130.html

From the above -

A quick glance at the FTSE AIM All-Share table for the last month and you don’t have to scroll down far to find @UK’s name – in fact, it is one of the top five risers.

Going very well

Closed up 9.41%

atuk as solid as ever - fantastic share :-0

Wow, will it hold, what's it going to close? No news.

fantastic

yeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

gla

Certainly is . :-))

Closed up 30.11%

placing @ 33p.................................

Quite small though so not a heavy dilution and strengthens the position to expand rapidly.

Back in again at 5000 for 51p.

Me, some more too

looks like we have seen the low and will continue north

this is not unlike asos in some respects - remember that from 20 to 30p to where it is now - obviously asos is a fashion / clothing brand but similarities are there
gla