two directors recently sold millions of shares for astronomic price per share per the rns on 26 June. they got an average of ZAR142.60 per share. how is this possible when market price for AQP is ZAR1.3??
Well done, but I feel that a base has been forming and been built over the last week.....next week I expect a strong rebound. I can honestly say that once a few large buy come in a number will be clamouring to buy and 9p is very realistic. One step at a time though.
Yes, plus luck on timing! I've been in AQP for over 2 years. I'd be a lot more than 50% down if it wasn't for some successful averaging. My last good call was selling some on the last spike over 9p. Bought half of that back in at under 8p and will probably buy the other half back in again soon.
Pro trading is all about averaging. Market Makers use this in every trade ie averaging their position above the Bid to try to obtain a profit. This could, no guarantees, be an opportunity to recover your losses ? With a year end view in mind of possibly 20 to 40p. The current 200 day moving average is 12.64p, which is a short term target.
Read the RNS. All those buys were in lieu of salary (or fees in the case of non-execs) i.e. they are being paid in shares and have no choice, so not really any indication of confidence (other than maybe the confidence when the original agreements were made that there would be a long-term SP increase - a confidence which could look a bit misplaced based on SP movement since then).
This one's more of a hope than an expectation for me. I'm over 50% down and only that thanks to some lucky trading timing at the last rights issue and subsequent attempts at levelling down. Would be good if they can refinance the debt and put the cash to some good long-term use; or even just get taken over at a reasonable price.
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