Info Aqualung Financial Troubles

[thomschoon]

I still think it is a nothing burger, the $25M loan was from within the Barings family of banks so they are not going to take action that jeopardizes the value of the asset. Hopefully someone will come along with deep pockets and buy Apeks, wonder how much it would take, maybe $60-70M after winning the lottery.

 

[admikar]

One problem that I do see, however, is AL trying to squeeze every single penny out of Apeks and pricing them out of the market.
Apeks wasn't the cheapest to begin with and, as far as I can tell, are going up in price more than market average.

 

[Mario007]

I was under the impression that AL gone busted.
But they just presented this:

Aqualung Group: Scuba Diving Equipment Industry

Aqualung Group is a world leader in designing and manufacturing high-quality scuba diving gear, driven by a passion for innovation and research.

aqualung-group.com

 

[Divin'Papaw]

I was under the impression that AL gone busted.
But they just presented this:

Aqualung Group: Scuba Diving Equipment Industry

Aqualung Group is a world leader in designing and manufacturing high-quality scuba diving gear, driven by a passion for innovation and research.

aqualung-group.com

That is ... interesting. Trying to keep an open mind, but do I really want electronics integrated into my regulator? But it is a sign that they are at least attempting to be innovative. Time will tell if it is the next big thing or a resounding dud.

 

[LandonL]

Hopefully someone will come along with deep pockets and buy Apeks, wonder how much it would take, maybe $60-70M after winning the lottery.

Paying $60-70M (~£48m-56m) for a company with a book value of £6.67m and currently losing £1.4m/year (per most recently available financials)....... would be a profoundly poor business decision.

 

[Badger7]

But they just presented this:

Aqualung Group: Scuba Diving Equipment Industry

Aqualung Group is a world leader in designing and manufacturing high-quality scuba diving gear, driven by a passion for innovation and research.

aqualung-group.com

I really appreciate you sharing that too. I'm not sure anyone is asking for those specific features, and as much as I like me some apeks/al products, I wouldn't want to be walled into their brand for an entire kit. It is cool to see some attempts at innovation beyond the material the first stage is machined from.

So many questions - what's up with that hose? Is that really like 1 inch diameter braided? Does it have leads in it connecting something electronic from the 2nd stage to the first? Is this just a Legend with a sonar-based AI pressure gauge jambed into a regulator shroud the size of a coke can?

Between this unholy electronic kit combo and the new regs that Apeks announced at DEMA, maybe they'll rise from the ashes by getting some of the "I want the latest gizmo" sales from sport divers with more dollars than sense.

 

[scubadada]

I was under the impression that AL gone busted.
But they just presented this:

Aqualung Group: Scuba Diving Equipment Industry

Aqualung Group is a world leader in designing and manufacturing high-quality scuba diving gear, driven by a passion for innovation and research.

aqualung-group.com

Thanks, interesting, I have many questions. Wish there was a manual available.

 

[Rick Brant]

Yikes the press on that thing is terrible. What does it actually do? It looks like a solution to no problem. How does it help the seas breathe easier?

 

[lowwall]

We should probably put that on it

Thanks, interesting, I have many questions. Wish there was a manual available.

So you can see if it has an Avelo mode?

 

[lowwall]

I started a new thread for it so we can leave this one for us finance nerds.

Aqualung Aquasense announced (aquanounced?)