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Should see the April book value this week and will be interesting to see ias part of the 2023 audit what other increases in NAV is aligned especially with their comments in the positive trading update.
Nice
Outstanding
" APQ's 2023 financial year end audit process currently underway" .
For those that deem not to understand .
More good news ahead
Outstanding
Looks like the months ahead will see a return to 20p++
Outstanding
Thats the point its not a 'trading update at all, its a statement of NAV per share based on un-audited made up valuations. where is the report of half year sales/revenue. and EBITDA even or net profit for the period. ? nada, zilsch, zero
Did someone sell at a loss ? Certainly looks and smells like it…
Strong trading update and even someone with a jaundice view must be able to read that!
Total scam, the book value is bogus, what really counts is the p&l account and they lost 15 million last year, doubled from year before. If you are bidding this up based on that BS valuation good luck to you...
Great news
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We’ll have spent some time researching Delphos International Ltd to understand the background to the significant book value rise which APQ is now valued at a discounted rate of 79 percent to net value and APQ has a rise of 477 percent from 0.05 to 0.2387 to be valued at asset value net of all liabilities.
I’ve also looked into Bart Turtelboom and he’s no slouch, that’s for sure. I’m amazed nobody isn’t knocking on that door from a financial investment house wanting a stake… with only 77m of which Bart owns 28 percent, the lightest decent buying pressure is likely to see this significant gap close in my opinion.
https://delphos.co/services/capital-raising/
Totally agree.
It won’t take much to move this especially with the limited available stock. The spread is narrowing as they’ll take 4.26 to sell now!
This is a no brainer really. You just have to put up with the unflattering effect of the spread on your account when you make a purchase.
So just to clarify
78,559,983 shares in issue with a book value (net assets value after all liabilities have been taken into account) gives a valuation of just under 19m GBP
Current market cap is just under 4m GBP at a mid price of 5p ps.
That’s one massive disconnect between company value and market cap.
Something bit odd about this.
Shares trading at 1p as recently as Tuesday bid up to 12p today, on the back of a RNS claiming book value went from 6.02p last month to 23.87p this month.
So they miraculously managed to multiply the value by close to 4, largely through third party valuation in Delphos International Ltd. The chair and CEO of that is Bart Turtelboom, who is also CEO of APQ. This third party has apparently seen something that Bart himself missed about a firm he runs.
Exactly, I was happy with my entrance price of 6p - and the shares haven't dropped since I bought them - there is just a huge spread which is a ploy to put off buyers.
GLA
Of Possible Upside here .
Still low valuation & this is day 1 of many many good days ahead .
Fill up
Outstanding RNS
They popped up with different times to start with and then reverted to 10.34 & 10.35 - yes I am stuck with them for the moment as I'm not in the "sell at a massive loss straight after buying club" but I am intrigued to see what happens over the next few weeks
The other thing here is that loads of undervalued UK companies have been hoovered up by foreign investment companies, and if a bid were to come in for APQ it would have to be at NAV as a minimum, or it would instantly be rejected by the Board and big shareholders.
If the new NAV is confirmed in Audit and the price is still much lower, then I'll be in for a few of these.
The 50k buyer was down £3k in a couple of hours.
Exactly, and not one of them has every heard of the company before, and probably still can't even tell you what the company does.
Some moron cross-ramps it on a dozen boards, and a few dozen more morons buy-in on their 'recommendation'
What I never understand is the people that actually sell again at the lows. If a stock is capable of going from 2p offer 12p offer in days then if trapped in why sell up at 3p when you have paid 10-12p you might as well forget about them there will always be another spike then you might escape with a much reduced loss or maybe your money back.
Crazy this market for instant profits. Even a 400 buyer at 11p could not hold and sold for 3.375p...£44's worth selling for £13 lol
Dream on JeniH.
Assuming they're you're 16,000 and 5,000 trades, then the times are correct.
"happy to hold onto these for a while"
You haven't got much choice, your £1,260 is already down to ~£700
7,783 trader just lost £670 in a few hours too!
Trying not to attract too much attention I think - happy to hold onto these for a while
They've just gone through but the times are wrong
I bought 2 lots of these shares at 10.34 and 10.35 for 6pps but they aren't showing up - why would they delay showing them?