Two new broker notes out last week on this one -

Collins Stewart gives a target valuation for the combined entity of 26 million or 156p per share

Edison Investments embedded valuation is 31m - Indicating a 100% gain in share price from current levels. They suggest that using the current embedded valuation model, the current value of Angles six non-exited ventures is only 5.5m - suggesting Angle to be SIGNIFICANTLY UNDERVALUED

Have a look

No change in the share price though....

I know... what will get these buggers to move up north... fustrating

An updated research note out earlier this month. Free to view the full article.

http://www.brokerlink.co.uk/angle.pdf

Profile -

The share placing announced by ANGLE to raise up to 8.1m will enable it to further develop its Ventures business, which has enjoyed considerable success to date.

This can be demonstrated by the flotation of one of its Venture companies, Provexis, last June. At the time of flotation, ANGLE's stake in the company was worth 3.5m, giving the group a profit of 2.0m and by the end of January, due to the rise in the Provexis share price, this stake was worth 6.4m.

The group's Consulting and Management business entered the second half with a strong order book, meaning that the outlook for the company is very encouraging and the shares could recover strongly over the next few months.

Another new research note out this month (21st March 06) from Fyshe Horton - available through the investors section on Angles website. Ive posted the link below.

http://miranda.hemscott.com/ir/agl/pdf/FysheHortonFinneyANGLEResearchNotemar06.pdf

A nice summary here -

"Our calculations point to aconsiderable uplift in price and we suspect that the recent fundraising could be the catalyst to trigger a change in sentiment and appreciation in price. What is clear is that the potential of the six un-exited progency companies is not fully reflected. Indeed our calculations suggest that at the current price, the implied value of these investments is only 1.5 million. A fair assessment of the underlying business reveals that this is inadeqaute. If ANGLE can further develop its C&M business whilst continuing to demonstrate the ability to realise value from its Progency companies, the potential exists for a significant re-rating of the shares. BUY"

And more importantly announced today - good to see Fidelity here and nice of them to pick up 10% :)

FMR Corp and Fidelity International Limited (FIL) and their direct and indirect
subsidiaries

Number of shares / amount of stock acquired: 2,658,227

Percentage of issued class 9.80%

http://www.e4engineering.com/Articles/294235/Taking+a+new+angle.htm

Taking a new angle against power tool vibration
Published: 20 April 2006 02:00 PM
Source: The Engineer

Angle, a venture management business specialising in the commercialisation of technology, has signalled its intention to enter the power tool industry with the launch of a new company called Innomatica.

The new business has secured intellectual property which it claimed could revolutionise the global market for percussive power tools by reducing operator exposure to vibration the principal cause of medical conditions such as vibration white finger (VWF).

Last year new legislation known as the Physical Agents (Vibration) Directive was implemented throughout Europe, and was approved by the UK Parliament as The Control of Vibration at Work Regulations.

This will enforce specific limits on employee exposure to vibration in the workplace.

According to Innomatica, the only current method to reduce the vibrations generated by percussive power tools such as road drills is through increasing the mass of the tool, which in turn raises further regulatory and practical issues. The result is that employees either spend a limited time using the tool or use equipment specifically underpowered to comply with the regulations.

The company believes the solution to this problem is variable mass technology, developed over 10 years at Cambridge University and power tool companies. This reduces vibration to a level that enables an operator to use a power tool up to four times as long as existing products, it is claimed.

Angle's chief executive Andrew Newland said: 'The power tools and construction industries are worth $1.2bn (680m) a year and they have long awaited a solution to injuries caused by vibration power tools.'

In 2001, over 35 per cent of employer's liability in insurance claims were for Hand Arm Vibration Syndrome (HAVS), a condition caused by exposure to hand-transmitted vibration. The Health and Safety Executive estimates there are approximately 300,000 sufferers of VWF, the most common form of HAVS in the UK, with two million people regularly exposed to high levels of vibration.

oops wrong thread

Tipped as a buy in HL's 'In the City' publication this month - highlight the potential in their progency companies.....

Well, here we are nearly one year later...and there is little interest from Punters - the Co website is a bit flakey and all these technologies are "could do's" - OR - "might be's" - there being little definate progression....something that many IP co's will suffer and the more diverse the IP the greater the risks that few will understand exactly what is at stake.
Meanwhile, the money drains and fear of a dilution/cash calls etc. This co did manage to sell one business to 3M - quite a good deal, but one wonders who got the better deal as it's made little difference to the sp. Further cash should come in 2008 but meanwhile folk think they can leave this one until someone explains it. . . . . Anyone?
I have some money in BTG[BGC] which is now almost completely medical IP - - - because of the risks associated with physical (and software) companies:- it's just too easy for execs to fall in love with their efforts until suddenly they find someone else has beaten them to Market - at which point they might as well stop.
Years of cash and effort might be protected by a Patent, but if the Market is satisfied by another technology (often better!) then having a piece of paper - has no value......I wonder of Angle Execs are really up to the job of promoting their various businesses - I can't recall One (until I read their website) and even now they are easily forgotten.
The sp is slipping and I suspect it will continue to fall until the cash is nearer to the Mkt Cap.....at present there is some way to go.

Looks like the Daily Mail has suckered a few people into this dog.

SP abt 35pence - wow! [EDIT: 4April-08 - 26p !)

Looks like things are sliding....due mainly to nothing positive to excite the punters - OK that's not what a company should be doing - but after this length of time you'd think there would be something to say.....rather than the usual dry RNS.
. . . . . . . . . . . . . . . . . . . . . . . . . . Does anyone know their cash-position ?
(yes, I know the 3M-cash is yet to flow...that Won't help this year, the way I read it. Furthermore does anyone know if this is in Dollars ( and therefore sliding, itself!). Arrgh. I don't hold yet....don't like "promises" and don't like situations where they set-up their own businesses ( which is in-part the way I see Angle)

Investing in Start-ups is OK as these are run by people with "passion" and presumably some expertise in their target area.

What do others think of this Co????

(( SP rises to 40p ))
Gulp! - a 60p bid is suggested ( DYOR _ read RNS).

Odd this, as the Market let this fall to 26p (4 April"08, - see my earlier Post)
AND yet this thread suggested 1.65 (probably Jan06) - so I expect the Board will reject anything that's not "close" to this figure....

Do i not understand this share price

Indicative bid -- all share is 60p -- stock trading at 41p. Sure could fall through but please

hangon you suggest board will reject but times change. Plus all share offer -- perhaps from another small co mean they can participate in upside if they really believe. i.e. hold on to their shares

Still looks like some doubters out there. But sorry i've not been able to resist here

Anyone still here, bought at 1.65 ? - well, it's 9p right now....time to top-up (or get out)...this has been a serial disapointer - clearly it was never likley to prosper in the medium-term...after an investment these small-caps take for Ages to create a Return ( Looking at "value" is wrong - since the Market will tend to fall until there is a Dividend prospect...only that shows the business is sound.

Anyone been to their AGM, or are on the Isle of Skye at 8.30am on Sunday...grr.

Top performer this start of the year

This is still too risky to take a venture at 19p imo.

Could be risky a poster called tara is calling 100 long trm I doubt it very much.

What a load of rubbish.

This is manipulated by the mm's.