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AJL, AJ LUCAS LIMITED
veeone
post Posted: Feb 28 2012, 08:50 AM
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Entitlement Offer Underwriting Allocation

On 18 November 2011, AJ Lucas Group Limited (Company) announced a 1 for 2 non-renounceable pro rata entitlement offer for new ordinary shares (Entitlement Shares) at an offer price of $1.35 (Offer Price) per new fully paid Entitlement Share to raise approximately $51.3 million (Entitlement Offer).

The Company has been informed by Gleneagle Securities (Aust) Pty Limited (
Underwriter) that a valid application, together with the application monies, will not be received from Andial Holdings Pty Limited by the extended deadline. The Underwriting commitment is conditional on the Offer being 100% sub-underwritten, and the Underwriter has agreed to perform the Underwriting to the extent only of the performance of the underlying sub-underwriting. As a result, the Entitlement Shares issued under the Entitlement Offer will be scaled back and, taking into account existing applications received, a total of 26,547,663 Entitlement Shares will be issued and the total amount raised by the Entitlement Offer will be approximately $35.8 million.

The shares subscribed for under the Entitlement Offer will be allotted and issued by the Company today, with holding statements to be despatched by 5 March 2012.

The Company is meeting with its advisers and financiers as a matter of urgency and will make an announcement regarding the shortfall in funds raised and its plans to deal with that shortfall as soon as possible.



 
veeone
post Posted: Feb 17 2012, 10:25 AM
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AJ Lucas Group Limited (AJL) requests a halt in trading of its shares effective immediately pursuant to Listing Rule 17.1.

Considering the size of the shortfall, the Underwriter is in discussions with Andial and Kerogen Investments No. 1 (HK) Limited, the two principal sub-underwriters, about amending their respective Sub-Underwriting Agreements to enable the Underwriter to have greater flexibility with the allocation of the shortfall.

The trading halt is requested to give the Company and the Underwriter time to complete these discussions.

We request that the trading halt last until an announcement is made, which will be no later than the opening of the market on Tuesday, 21 February 2012.

The Company is not aware of any reasons why the trading halt should not be granted.



 
veeone
post Posted: May 25 2011, 10:27 AM
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Asking for suspension today and looks like it might be a while going from this paragraph out of it. V1

Lucas currently expects that it may take up to 6 weeks to finalise all of the discussions and prepare the appropriate documentation in a form that will enable Lucas to provide complete information to the market. Lucas is not aware of any reason why ASX should not grant the voluntary suspension, or of any other information necessary to inform the market about the voluntary suspension.



 
hungry
post Posted: Mar 1 2010, 02:30 PM
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Worst maybe over now. Rep on Friday gives a +ve outlook for the next half.
Seems to be holding support now after the rep.
Maybe a tradeable st bounce here.

 
Col Lector
post Posted: Jun 2 2009, 11:23 AM
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In Reply To: hungry's post @ Apr 29 2009, 03:43 PM

Alan,
Shareholders are overdue for some positive pronouncements....maybe time for management to dynamically extract from their apparently entrenched bearish navel-gazing!! After all we are a prime-player in the booming CSG sector with a raft of strategic energy investments on the boil...
Maybe some positive news on these would be timely??

But Alan, are you capable of talking up the company? By this stage the market, and particularly your suffering shareholders, are WELL AWARE of your propensity for (& over-readiness to publicly admit to) stuff-ups, mistimings, the ability to sell golden-geese at the bottom of the market and to transact company-knobbling finance deals...
I personally feel the release of wrong information in the last report was unforgiveable...particularly when accompanied by another round of inappropriate venting to the market, seemingly just to accentuate the impact on the AJL sp., and the pain inflicted.

If unable positively invigorate the market, then may I suggest harnessing your "mea maxima culpa" to shareholder benefit...? by way of a VSD maybe?.
..ie, a Very Special Dividend ...whereby you liquidate your holdings and send a cheque to each of the faithful shareholders that have suffered by way of your actions at the helm.
Cheers
RS


Said 'Thanks' for this post: Barra  
 
hungry
post Posted: Apr 29 2009, 03:43 PM
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In Reply To: badahur's post @ Apr 29 2009, 03:18 PM

Badahur

I haven't been watching since I bailed shortly after my last post, when there was no continuation after the breakout.
Some mining service sector stocks have been doing poorly in general with contracts cancelled & profit downgrades.

The bot trading can push in both directions to keep it within it's channel range if thats what they want. It's still a 25% (approx) range, so money to be made in the swings.



 

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badahur
post Posted: Apr 29 2009, 03:18 PM
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The volumes are not that big but the number of trades is high.

I know its a bot at work but to what end?

It managed to stop the last rise in its tracks.

Shouldn't be the company as no buy back notices listed.

It's got me.

Ideas anyone.

cheers
badahur





--------------------
The devil is in the detail.
The writing on the side your gun says "REPLICA" whereas the writing on the side of mine says "0.50 Calibre DESERT EAGLE".
I don't like your chances.
 
hungry
post Posted: Apr 17 2009, 11:31 AM
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Broke out of consolidation & resis yest on rising vol. Continueing along nicely this morning with vol to be higher again by eod.
Next stop may be around the 3.50 lev.



 
arty
post Posted: Mar 6 2009, 12:57 PM
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In Reply To: johnel's post @ Mar 6 2009, 12:51 PM

Hi John,
AJL came back on my radar a couple of days ago (see chart)
Today's announcement about their having been added to the ASX Top 200 explained why.
Maybe it's not too late to get on board - although I'd prefer to wait if there isn't a chance of it closing the gap. Say $2.50?
Attached image(s)
Attached Image

 




--------------------
I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
johnel
post Posted: Mar 6 2009, 12:51 PM
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In Reply To: badahur's post @ Feb 19 2009, 09:30 AM

Missed this one, a pullback could present another entry point ,chart shows a turn but will it hold, good trade for those that bought in. Operates in a reasonably diverse areas.



 
 


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