Yes it does hold a lot of promise. The shares should be trading at 0.33p as advised by the company in the RNS dated 22nd December 2006:-
"Had the Placing occurred before the share consolidation, the equivalent placing price would be 0.33 pence". So the shares are currently trading at a 27% premium.
Remember AQL had not too long ago recieved several offers for its entire share capital and its separate businesses. The offer period has lapsed, the loss making motor repair business has been sold leaving three profitable businesses.
In my humble opinion the interest for AQL and it's remaining businesses is still there and the suitors may yet return. This is why AQL has been able to place shares with institutions nearly twice the size of the company.