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Looks like we are about to settle @ circa 13.5p .
Mr M has just added at this price .
A bright future beckons , But will The BOD grasp It ?
Best of
Trades at last.
Outstanding.
Good luck All Shareholders.
Best of
See this going private now there is possibly another wave in its way. The business is on its knees. Key staff moving to Wepin, salary cuts and only one contract of late. Here’s a thing you won’t land contracts unless you have cash. Folk do dd before signing contracts,
I have been watching this one since before the review as there is a huge future for DeFi but I am afraid to say unlikely it’s here. If they had raised by now I may have had a punt.
As it is they are on fumes the trading spread is awful with only around 15000 shares available on the book so if it went the proverbial there is no liquidity to sell into.
Stay away for now imo!
Usual caveats
‘Best’
Trek
This could be a an exciting share .
Thus far agreed we have been treated very inauspiciously.
Best of
Can this BOD turn things around ?
Or do we need a new Captain at the helm ?
Outstanding underperformance thus far .
News will be essential to enact uptrends .
Best of
Marvellous .
Two buses at once syndrome .
Long may the buses drive upwards .
Outstanding
We wait for the next race to the summit.
Outstanding
We trust that will be next year.
Outstanding
AIQ Limited (LON: AIQ) is an acquisition shell – a SPAC in the American – listed in London. The share price, as reported, has just fallen 20% this morning. So, is AIQ a good share to be viewing as a trading opportunity?
One approach is to consider what AIQ actually does. Which, as an acquisition shell, isn’t very much. Future value depends largely to near exclusively on who they identify as a merger candidate. As we don’t know anything about that it’s difficult for us to trade it.
Another view is that we can observe that AIQ bounces around a bit so we could just have a position and hope to time matters correctly, get on the right side of those bounces. That’s risky and not exactly a directed strategy.
We can also do one of those things which we should take note of in anything and everything we try to trade. Which is to check the liquidity of a share. AIQ is “offbook” trading. That’s very close to the older “matched bargain” idea. There is no marketmaker willing to trade with all comers. Rather, a seller must be matched up with an end user buyer and vice versa in each and every trade. This means that the AIQ shares are illiquid.
We should all know that liquidity reduces spreads. The more people buying and selling the same thing then the smaller the gap between buying and selling price. This has gone so far on the American markets that for most of the larger stocks those two prices are the same – there is now just the one “market” price with no spread at all. This is less so in London and the smaller the stock, the less liquid the market in that stock, the less this is so again.
Another way to think of the spread is what’s the “tax” the market is imposing on us in order to be able to trade? The wider that spread the more we’ve got to pay to trade in any particular instrument. Or, the same statement, the more the price has to move before we can profit from having taken a position.
Compared to the market in general, AIQ is extreme in this but isn’t wholly out of the ordinary in the world of matched bargains and offbook trading.
That 20% price decline today, that’s from 11p to 8.8p. Well, OK, that’s the price change. But a likely trading volume is in the hundreds to thousands of shares in a day. That’s not even every day either. Not hundreds of thousands, hundreds to thousands of AIQ shares traded in a day.
The result of this is that the spread – the current quote from the London Stock Exchange at least – is 7 to 15p. Buy at 15, sell at 7. That is, we need a 100% or so price movement before we can be in profit even by only just beating that spread.
It’s possible that AIQ will turn out to be a good investment, possible that it won’t. But with a spread like that, an active trading strategy will find it extraordinarily hard to make a profit.
A useful little test for any trading that we do. What’s the liquidity – how easily can we move in or out of a position? – and what’s the spread – what’s the price we’ve got to pay t
Expensive either way .
The Broker does well whatever you decide .
Outstanding
Disappointingly range bound until better news .
The wait for sanity continues .
News may be due soonish.
Outstanding
A plethora of trades today .
We wait amusement with uncertainty ahead .
Outstanding
The proceeds of the Loan Notes will be used for working capital purposes as well as widening the Company's offer to new sectors. As stated previously, the Board undertook significant cost-cutting measures and a fundamental strategic review. Steps were taken to preserve cash while seeking to reposition the business by widening its focus beyond e-commerce. While it is early days, the Company has received interest in its IT solutions it can provide for blockchain technology and digital assets.
AIQ is looking to capitalise on a lack of IT solutions providers specialising in delivery of blockchain platforms in Asia and to take advantage of the increasing popularity of decentralised finance and NFTs in the region. Strategically, the Company hopes to build the AIQ brand as a leading project manager and IT solutions provider in the Asia Pacific market.
It is proposed that following the successful award of a contract, announced on 4 October 2021, to project manage a decentralised finance platform, the focus of the Company will be to build on this and support the management team and enable them to develop within this fast-growing sector. The initial step in this process will be to forge partnerships with key solutions providers so as to enable the Company to provide a full service, one-stop solution to potential clients.
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Maybe the Investors know what`s ahead.
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A lessening of the 66% spread would be nice .
or even
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More news of a favourable Investment in DEFI DEx would be great
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www.youtube.com/watch?v=MjtOzLfebgY
As usual , our patience is being tested .
One hopes the BOD have actually achieved a lot ore than in the recent past .
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Patience required to endure .
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"On behalf of the Board, I would like to thank all of our shareholders for their continued support and we hope to be able to provide an update on progress with our strategy in due course."
Hope will not pay the Piper .
Outstanding NO
Well done the BOD on such altruistic clarification .
Some signs of hope remain
Outstanding
Following the completion of the strategic review, we have been focused on securing projects for the delivery of blockchain platforms and digital assets through the provision of IT consultancy. Shortly before the end of our financial year, we were pleased to have been awarded a contract to supply a decentralised finance ("DeFi") exchange ("DEX") to a customer based in Australia. Under the terms of the contract, we will receive payment in tranches upon completion of milestones, with the revenue expected to be recognised in the current financial year to 31 October 2022. The project, for which we perform the role of project manager and subcontract the technical delivery (such that the net benefit to the Group will be the margin earned on the contract), is progressing to plan and is expected to complete in Q2 of calendar year 2022.
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Thus everything hinges on a revenue figure being outstanding in Q2 , 2022
What are Our Chances ?
Outstanding ( Not Yet)
A wait til October then ,or november more likely .
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Results will be better this time , one assumes.
Outstanding