The chart is worth a look, If they go past 30p resistance level, may consider again, will look to jump in. after that who knows,

the company is set to make announcement for march 31st - yr end..

24/27 +2p at close.

JULES.

jules,

yes the chart looks as though it may head north towards 30p!

and up today > buy price this am 31p +13%!

at least i got it right to this point...nowtthe interesting part..31p+..???

jules.

+18.90% today 30/31p at close...

Unfortunatly not many followers on this board?

AIT (AGP) ended week at 30-32p, volatile as any AIM share but remeber this share was once worth...450.00 squids..!!!

the bottom was no doubt touched. and a rise from the surface was inevitable from that level.


Results still not out, but have to be very close now, (yr end march 31st)

jules.

I suspect there may a few, who like me just read this BB rather than participate!

My tiny holding is currently worth less than the dealing charges and I don't think I'll ever recover the money invested. Have considered buying in to have another go with this one, but the old adage once bitten, twice shy is holding me back!

hi im fairly new to this board....really like this one but cant work out why its dropping at the moment....probably should have sold at 31p and then bought back in....if only we had hindsight.

personally will hold, will fly once positive news comes out.

Now 33p to buy +0.5p

still waiting on results...anyone else heard news from other bulletin boards?

jules99

I hope you are right, perhaps it's thought like the following that has help the price drop this week to it's current level - Taken from another BB Posted on the 17th June:

frankly, they bought EDGE's customers - EDGE had a good product, but it fell behind the times, so the company tried to create a new, improved version (in java, with all the 'cool' bells) which turned out to be complete pants.
At the time,. buying EDGE seemed to be a very good idea - portrait would be out, fast and pretty, and all things to all men, and the EDGE customers would fall over themselves to buy it. Pity Portrait at the time at least, was just as much poop as EDGE v2 was....

AIT has a good plan with sticking to NT - Microsoft gave a great deal of support, and it'll play out nicely to small to mid-sized companies wanting CRM (sorry CIM :-). AIT would never get to play in the world dominated by the likes of SAP and Siebel, so its a good strategy not to bother trying. NT-based systems are much cheaper for small companies than the UN*X equivalents (especially when you start adding the cost of Oracle and J2EE solutions)

Now the question is whether the old strategy still holds - will the smaller players buy from AIT given its recent shaky financial position. A large player (ike Nationwide) can hold up if AIT went under - buy the source and hire staff, small companies cannot do that.

So, again, the results are key - the upcoming ones, and the next - before anyone will really commit to AIT. Can AIT hold out long enough?!?

However, after the way the company was mis-managed, and the arrogance and incompetance of some of the 'top' people there, they deserve to go under.

Results were a joy...better than expected and news that it is recovering well and taking right steps...

The price has gradually started to do what I hoped and surpassed the 30p+ mark...

this morning AIT stands at

39 -41p to buy..!!!


next target i think is 50p+

a pound would be great but lets hope it is a gradual upward movement over the coming months...

good stuff..

jules99.

more on AIT :

RESULTS FROM AIT confirm that the recovery is on track. second half results were ahead of analysts expectations, with an operating loss of 2.3m versus the first halfs 14.4m. Second half revenue of 9.2m was 9% ahead of the first year.

cash at march 31st was 2.7m versus long term debt of 9m. The company is raising 5m by the issue of 5 year unsecured convertable loan notes, which are convertable to shares at 25p.

the current year has started out well in terms of new licence wins.


Tech Periodical writes further this month, earnings per share are forcaste at 9.4p per share, Even after the very large rise in the shares over the past couple of months, the prospective PE is just under 3.0...!

Nuff said on AIT for the week...

trying to help...but Do your own research as always...
good luck

Jules...

AIT coming to life this morning...good sentiments on BB's over weekend, not entirely sure...but im not complaining..

40p to buy up 2p, hopefully breaks through to 40p+, after 50p the territory is open...!!


good luck to all followed when others were ignoring...

I know how you feel. Sometimes I wonder how many people are out there!

Just keep posting - sometimes someone will also join in for a while, but most times they just read, research, read etc, etc.

keep posting, keep posting.

there are people out here (i think) but with nothing specific to add on this stock.

fwiw - i'm currently in on Cyprotex (crx) and watching that one go. one other that i am tracking is Marlborough Stirling (MAS) - business went bad due to management change - the original guys have come back and getting it back on track - good recent results - longer term though..imo

any others worth tracking?

Thankks for the info on that will do some research on them ...

BUT look at AIT...MY..MY...SINCE THIS MORNING JUST CAME IN AND...UP 17%...!!!

nearly 50P ...AFTER THAT god knows wher it will go...

jules.

not a big spread either!

Decided to jump in and purchase a small amount earlier! Will have to wait and see if I missed the boat, or managed to get in just in time!

Petite woman...I may purchase a few also, hopefully before the spread widens, at 46/47p...it can be volatile, but you have to move to fast, with techies as we all know from past...not a bad day however for AIT, at one point I thought 50p+ was about to be seen over the horizon, but they dropped back before close...!

After Wall st and Techs rally tonite, tomorrow will be a good day, others I think will shift this week I think are Fibernet, Psion, and of course the results of PACE MIcro, should see them rise further...before next week, hopefully positive signs..

jules.

The good news today is, or at least in my opinion, especially for AIT Group, IT company solutions Company thats back on track again is ...

Finsbury Asset Management/Finsbury Technology Trust PLC today disclosed they now hold approximatly 2,439,091m ordinary shares, representing 9.89% of AIT Groups Capital.

For any new and existing holders of AIT group, thats definately good news all round, and should give holders confidence.

Price today held at 45-46P, If the stock does move above 50p then Im not sure just where it will settle according to the charts, it is volotile, and rises and falls can be rather great from past...much prefer a huge rise and a small fall back..(depending on which way your playing the market...)

If would be nice to hear an announcement by the group, nybody know of recent press cuttings etc...

jules.

On the rampage again..!!!

just come alive again...where to from here??
50p+ would me 'anywhere' territory...

Just returned after 2 weeks away. Was must disappointed to find it had dropped back!

Hopefully this run will carry on a bit longer!

Have a feeling it will move further from here, could well some news on the way, if you recall no news since Results, so this could be the moment...

RTD's doing well also, moved for last 2 days...

Up again now at the all important stage to try and surpass 50p...

49p/50p now...like a tv seriel this stock...very exciting...lol..


from 50p god knows where it will go...????

good luck to all holders...

What a relief!!!

Little woman...

Up a whopping 17% this morning...!!!

61p to buy this is only the beggining...this share was massive, when analysts tip it down the road, it will surpass the 1.00 mark without doubt, but the fun has begin at present time...

good luck..

There could well be an announcement on the pipeline also...since the results and last statment no news has been made, hopefully a major contract win of some kind...fingers crossed...


jules.

my word waht a week so far for AIT GROUP - ended day holding at 60p, so far was right saying when it moves past 50p it will fly, if you look at the chart after 50p it a long way to go up...a little over 12 months ago this stock was 40 quid...!!!

Still going up!

Today's constant gainers and losers
Jonas Crosland

Over four days, AIT, the software provider has managed to clock up a gain of 57%, taking the share price to 66p. The company dropped from techMARK to AIM and reported a big increase in losses. But this has not stopped Close Brothers Group piling in over the past week to take its stake up to 18.9%.

jules and little woman - i followed your advice and am enjoying the gain on AIT...ta.

i mentioned marlbrough stirling (MAS) a while back - up 15.7% today - still a long term investment though - fundamentally sound company, got rid of a bad manager and getting back on track. need to move from small company mentality to larger company culture and they will do well - have a captive market in the financial services advisors portal

cyprotex was another one i mentioned - jumped a massive 21% today - fallen back to 7% - even so, i'll take that, little upward steps constantly please :)

many happy investments

Now 70P!

just checked price...gob smacked..!

I knew after 50p it would go crazy but everyday...wow..

75p to buy...this rate it might do a Gresham...and whoosh 1.00+...

But remember folks this stock was I quote equivalent to 450.00 quid at one point...(my pound sign does not work...:-(

so i guess lets look to a 1.00 target soon...imagine 450.00...ok now shut up!

good luck folks..

Closed at 73p to buy...excellent i'd say...

the next target would be a cracker ...but lets just wait n see what happens ...A pound target would be an amazing run for a company on it's way back to the good ole days, also was wondering surely there has to be an announcment of some kind from the group as a result of the rise as well?

I must admit I sold yesterday. (I still have some from the 450 days! - although when they were relisted on AIM, the holding was reduced making the cost per share nearer 1625!)

I'm presuming they will drop back a bit before going back up - hopefully all the way over a 1 before dropping back again. If they do - I'll buy again.

68-73p...large gap all day in B/S spread...


no movement apart from that..

AIT Up again!

now 83p to buy...Target of one pound+ I suspect is not far behind, over the weekend tech journals further mentioned AIT Groups market niche as doubling in size.

The strength of the share price also implies broker forecasts and company outlook is on the right track and the market beleives numbers will be met.



jules

Now 93p to buy!

this is making me :)

where do you see this going? ss??

So this is why the price has been going up!:

AIT GROUP PLC ('the Company')
7 August 2003

HOLDING IN COMPANY

The Company received two notifications on 6 August 2003 of an interest in the
Company's ordinary shares of 2.5p each ('Shares'), as follows:

Date of notification Declared interest % issued ordinary shares

5 July 2003 2,271,428 Shares 9.21%

6 July 2003 2,121,428 Shares 8.60%


The resultant interest of 2,121,428 Shares interest was notified for The Royal
Bank of Scotland Group plc, and on behalf of The Royal Bank of Scotland plc and
West Register (Investments) Limited.


END

Do think this week will see it surpass the 1.00 mark, was interesting to notice market makers were shorting the stock last week to bring in sellers, and were successful at it...

however it fell to the 83p level at which point buyers jumped in again, I think if it reaches past 1.00, then next break level could be 1.40/1.45, though it is hard to say exactly, will be interesting to see how the demand picks up or not as the case can be, However if there is a Contract win or decent company announcment by AIT, then expect the stock to shoot further towards...well i'm not saying!

dyor as always...

Good luck.

jules

slowly creeping up...97p to BUY...

:-)

Jules new at this what tips can you give have been following your track.

Sorry Syed, I dont give out tips of any nature...just opinions and thoughts of the day...

Stocks can go up AND DOWN...we forget this sometime...

AIT Group share price went up a hell of a lot in the past (equivalent to 450.00 quid...I know shocking...), I bought at a good price recently and have been following the Company since it began to rise and got back on track to recovery and strategy making sense again...

In doing so Institutional investors came on board and following the recovery of this Growth company again...

DYOR..

Good Luck..

No probs Jules, sometimes some of the names mentioned on this site i can't seem to find on the London Stock Exchange website.

Also because new at this where do I go to buy the shares on line ??? any suggestions maybe on this - you can tell I am new at this. But just got some money and would like to see if i can make some money. We will see how that goes on.

Thanks for your msg earlier. Till then .. Also you mentioned DYOR - where is the best please do the research


Syed

Syed

Take a look at "research" - between "trades" & "quote" - that's a good starting point.

Also directory just below it - has suggestions where you can buy shares on line etc.

- don't invest if you're not prepared to lose money! I have some AIT shares I purchased in early 2001 which are now worth less than the dealing charges to sell! Because I have them I have been watching this share, and purchased & sold twice, to try and recover some of the losses I am going to make on this share. Hopefully with the new management in place, in time I will not only manage to break even overall, but have the confidence in this company to actually hold the shares long term!

LW

Ait down this am...BUT...making a comeback from profit taking with Market makers making the initial Buy move..sexy huh...

recovering at 84/87P to buy now...

Little Woman Thanks for the advise

Hope your shares in AIT go up.

Syed

AGP 1 YEAR Charts reveal an upward curve recovering again from profit take last few days, my prediction after examing charts is upwards from 83-110 and then hitiing-150 level before dropping back a little...if i am correct then the Dr Peppers are on me...(my fave drink btw...)




Some interesting news I also dug up, Rights Issues last year given to Institutional investors were set at 83p level, NOW THATS WOKEN YOU UP...!!!

So can expect institutions wanting their investment above current levels, if they are wise...

Lets see how the week turns out...

Some more Istitutional holdings news I found on another board...Institutional CONFIDENCE is important I'd say..


AIT Group PLC
21 July 2003

AIT GROUP PLC ('the Company')
HOLDING IN COMPANY

The Company today received notification from Close Asset Management Holdings
Limited that Close Brothers Group plc has a total holding of 4,665,352 ordinary
shares of 2.5p each in the Company, representing approximately 18.92% of the
Company's issued ordinary share capital.



The shares are held by the following:


Finsbury Technology Trust PLC 2,439,091 9.89%
3 Venture Capital Trusts (each below 3%) 1,371,430 5.56%
3 Discretionary managed Institutional clients (each below 3%) 854,821 3.47%
------------- ----------
TOTAL 4,665,352 18.92%


END

AIT Group PLC
07 August 2003
AIT GROUP PLC ('the Company')

HOLDING IN COMPANY


The Company received two notifications on 6 August 2003 of an interest in the
Company's ordinary shares of 2.5p each ('Shares'), as follows:

Date of notification Declared interest % issued ordinary shares

5 July 2003 2,271,428 Shares 9.21%

6 July 2003 2,121,428 Shares 8.60%


The resultant interest of 2,121,428 Shares interest was notified for The Royal
Bank of Scotland Group plc, and on behalf of The Royal Bank of Scotland plc and
West Register (Investments) Limited.


END




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

first day AIT Group has not moved for a while...MM myst be relaxing with takila and a sombero....

Jules.

Plenty of Profit taking place...

jules..

Very happy to see all the profit taking done today, with that out of the way, I feel much better...

AIT long term holders can now wait for the next level to take place...target of 1.00+ could well be in sight for next week, as always Contract news and an announcement by the Group would be even better...

Ended day at 80p/83p to Buy...buyers jumping in at 77p...couldn't purchase any myself as was upto limit on deals this week...sigh...

If anyone sold these today, I guess they'll be buying the rounds this weekend...

Ta..
Jules.

I am not a holder but would anyone who has followed this share like to comment:

There are 24.7m shares in issue. If approved at the November AGM the 5m loan notes will be converted into 22m shares. Won't this will have a significant effect on the share price?

Perhaps I have missed something.

macs

I know what you mean! They had a rights issue back in Oct 02 @ 87.5p (Ordinary shareholders (of which I was one, and did not take up the issue) only took up 17%, so I suppose the only way they can keep going is with the loan note as the existing shareholders aren't interested. To be honest at the time we were really pissed off with the board of directors, they had announced that they were doing really well, and then soon afterwards announced they had lost a fortune!

I've bought and sold twice on the rise in the last three months and make a nice profit (certainly help towards reducing the losses on the shares I got back in 2001) as I don't have the confidence to hold for the long term!

little woman

Thank you. A new management team came in 1 Sep '02 so let's hope this wasn't a precedent. Still the AGM agenda if implemented is pretty difficult to evaluate and I shall watch from the sidelines as I don't go in for very short-term trades on purpose.
Good luck
macs

On the move again at last...price last seen as 89p to BUY...!

mm's very clever on AIT last few days, keeping spread wide to flush out sellers at lower price, 81p to sell hence buying back at low price and selling at 85p...trying to buy in at cheap...nasty buggers...


beleive there will be an announcement some time soon, there has been none since the results in June...exactly...I assume a trading statment is probably more the likely statment that comes to mind ...with agm...

Good luck holders...

Excellent AIT Price dropped to 74p to buy at I write..me thinks its time to Load up again...



Good luck for the next round..

:-)

Just got back... excellent price did rise back to 79p to buy...hopefully all short term sellers have done and price starts to surge back up to the next break level before or after AIT's AGM/EGM, announcement should most likely have a trading update as well...

little woman, have you heard anything more from ur side..?

jules

Calld AIT group to find news about exact AGM/EGM date and company news in general..Was told they would call back with more news as they are in meeting now...

I will post most likely tomorrow i think...

jules.

I was looking back at the posts, and there is a mention of a November AGM/EGM, and I must admit I'm sure it was posted on the AIT website - but just checked and it's not there. I'm wondering if something is up?

Extraordinary General Meeting

NEAR THE END YOU WILL FIND:

The Circular contains a notice convening the Extraordinary General Meeting, to
be held at 10.15 a.m. on 16 September 2003 (or, if later, following the
conclusion or adjournment of the Annual General Meeting) to consider an ordinary resolution seeking the approval of the waiver by the Panel of any requirement under the City Code for the members of the Concert Party or any of them to make a general offer to the Independent Shareholders as a result of conversion of the Loan Notes and/or the Director's Loan and Former Directors' Loans and to seek the necessary authorities and disapplications under the Act to permit the Board to allot the New Ordinary Shares arising upon such conversion.

rns issued by company this morning confirmed that agm to be followed by egm is to take place on 16 sept 2003.

cOMPANY NEWS TODAY i WILL POST A BIT LATER..

:-)))))))))))

GOOD NEWS AT LAST...!!!

AIT reschedules debt payments
AFX
It also hopes to ensure convertible loan note holders are not obliged to bid for group

AIT Group PLC said its financial position has been boosted by rescheduling significant debt obligations to the Bank and to IMA. AIT shares rose 0.6% to 79p.

It also announced today that it is seeking a waiver to takeover rules so the concert party receiving convertible loan notes in the group's 5 mln stg fundraising, as announced on June 25, is not obliged to make a mandatory bid for the company.

The holding of the Concert Party receiving convertible loan notes under the issue currently represents approximately 41.2 pct of the issued share capital of the company. Following conversion of the loan notes and the director's loan and former directors' loans, the concert party will together hold approximately 51.3 pct of the fully diluted issued share capital of the company.

The issue of convertible loan notes was announced on June 25 in order to raise funds for the group to strengthen its balance sheet and to provide additional working capital.

The bank has agreed to provide the company with further financial assistance by deferring 1.125 mln stg of scheduled term loan capital repayments previously falling due in financial year 2004. The Bank has further agreed to provide a standby working capital facility of 0.5 mln.

As a result of this revision to the company's banking facility, the 1.125 mln stg of bank debt shown in the 2003 balance sheet as falling due within one year will no longer become payable during the 2004 financial year.

In addition, IMA has agreed to waive 157,500 usd of interest payable on the outstanding IMA Note and to defer the IMA Note capital repayment schedule by six months so that the capital of the IMA Note now becomes repayable in 10 quarterly installments commencing during January 2006.

In addition, the company has agreed with director Richard Hicks and former directors Garfield Collins and Carl Rigby, that in consideration of the release of the company's obligation to repay the outstanding loans of 796,298 stg owed to them by the company, they would be allotted in aggregate 1,061,730 new ordinary shares.

An EGM will be held on Sept 16 to approve this share issue and the conversion of the loan notes into new ordinary shares.

AIT also updated on trading today. It said that, with the revenue base now stabilised and costs reduced significantly to reflect the changed circumstances of the company and the general trading environment, the company now has a solid foundation for the continued implementation of the turnaround plan.

The objective of the next stage of the turnaround plan includes the stabilisation of AIT to demonstrate that the business is under strict financial control and is profitable.

'This stage began at the start of the current financial year and is expected to last for twelve to eighteen months.'

The company said it is now actively pursuing the development of the business in order to
become a leading player in its market sectors. The directors plan to achieve this by exploiting the clear technical lead of AIT's Portrait product and through the expansion of the company's international sales capability through direct and partner channels.

The directors' objective in the third stage of the company's turnaround plan is to return AIT to the type of growth and profitability experienced during the first fifteen years of the company's existence.

The Concert Party subscribing for the company's Loan Notes includes Bessemer Investors and Stavco Arbitrage Group LLC, the Arbib Family Interests, Nicholas Randall, Trustees of the NJ Randall Settlement 2001, Trustees of the NJS Randall Accumulation and Maintenance Settlement, Richard Hicks and Geoffrey Probert.

AIT BUYERS COMING BACK... AND ON THE RISE...!

MM's will have plenty to laugh about last few days...

if it breaks past the 80p mark today, then my target of 1.00-1.20 stands for next week...

jules.

Funny haven't seen this in AIT for long time...MM's buying stock to make the price go up agin...10,000 went through at 75p..!

In the past 3 weeks MM's were selling... to lure punters into selling..

Interesting stuff...

AGM...Sept 16th not too far away in the distance...May be time to jump in again..however already holding from 74p and bought some again at 66P...Friday was a good day from a buying point, hopefully the selling is over now and the buying starts to roll again...will have to see tomorrow...

80p+ target remains in tact so far...

at last 80p again...considering they fell to 67p last week.

once into the 80p+ territory then the fun begins...im confident the 1.00 target will be broken.

patience is a virtue..

With AGM on the 16th of Sept - AIT has recovered again, was 67p last week...

This morning 77-82p +1p - about to break out I suspect..

Good Luck to all who held their nerves....not an easy one to hold by the reigns...

Good news is AIT GROUP is determined to put the past in the hatchett...and managment looking to make all necessary steps to make it the great Growth company success story...



DYOR...says Jules99.

j