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Been a long time since I checked the company website - it has been refreshed and appears that we have an expanded suite of software. The tagline has been refreshed to "creating advantage" For the first time, the company has advertised some of our customers Bank of England Barclays Citi Lloyds Santander JP Morgan Morgan Stanley Nykredit We are coming upto our results announcement (was announced on 05 Aug last year) will reflect strong progress with atleast 10% growth in revenues and the prospect of the long awaited dividend ! Good luck all :)
No idea as to what is driving this up, but a 4.41% increase in share price on 116k volume (total number of share is in the region of 1.5 billion) is extremely intriguing :)
RNS on 26.05.2016...by transferring ARC shares into ISAs for both himself and his wife, the CE is indicating a strong and confident outlook for the company and ensuring that they will enjoy tax free dividends and tax free capital gains. Wonder at what share price / other financial measure, the options of the senior team are vested ?
I am sure I just seen some tumbleweed role by.
Anthony Cross increasing his holding says a lot to me as the funds he manages at Liontrust seem to have done rather well over time
RNS yesterday confirming cancellation of the share premium account and registration of this with Companies House. This clears the legal hurdle that prevented payment of dividend so far. With Directors holding about 25-26%, I would think they would like to reward themselves and share holders with a handsome dividend given that we are sitting on a £1.8m cash pile. The Chief Executive and his wife have transferred 9m ARC shares into their ISA as per another RNS. Market has not twigged that there is a lot of background activity and yet to join the dots. In an era where news and data is widely available, successful investing comes from being able to interpret and synthesise these into meaningful information. Good luck all :) Good luck all :)
Thanks, Multibagger. I agree except - from the interims: "Annual run-rate of recurring revenues at 31 December 2015 amount to £1.9 million (2014: £2.1 million) and cover 105% of the cost base (2014: 112%). " That's a significant drop compared with previous steady progress, maybe due to the cancelled contracts. Some might say that cutting staff and moving to (presumably) cheaper premises is short term "profit" ? Best of luck, but I don't think I could come in further at this point.
All in public domain.... Pros: Revenues going up. Profits going up. Sticky blue chip customers, rolling contracts. Directors skin in the game. Likely to be dividend paying soon. £1.8m cash pile and growing. No debt. Cons: Tiny market cap, ill liquid, very conservatively managed, very poor news flow. If you get hold of the Finncap research note that may help inform your decision making.
Does anyone know what else is afoot? At.0.4p market cap would be over £6m. up about 600% in 3 years. Revenue is actually decreasing and no news flow except one contract (anyone know who?) about a year ago and oblique reference to cancelled contracts. Are we getting a bit excited? Some of my City contacts feel they may have "lost the plot". On the other hand, Anthony Cross coming in at this high value is interesting - what's up? If I had a few million shares bought at 0.08, I'd be cashing in :-)
Gm. Thank you for your posts. I will be adding few more inside 0.40. If I had kept my previous buy, I would have been 100% up! So patience is the key, and I can see this getting to 1p initially. GLA
Hi Kums, I think that we will make progress till the mid 0.40s atleast in the next few months. This could be fundamentally sustained in terms of market cap. Not sure we will get CTP like returns though...unless we have a take over attempt or some fantastic dividend or a slew of major contracts. One can never tell and we can always hope :)
No RNS as yet re legal proceedings.... ARC did well yesterday given the state of the markets. ECB QE and Anthony Cross increasing his holding to 14.3% may offer a bit more impetus to the share price though I am mentally prepared for a flat day or bit of retrace given the spike yesterday. I reckon about 50% is closely held....and there may be several holders holding low single percent holdings (non declarable)...so free float is tight. I reckon we can achieve a stable 0.04 to 0.45p range in the next few months based on what we have seen yesterday. If dividends are announced, this could do more I think. The current low share price makes it a tempting buy - more bang for buck when you can buy in quantity. Pleased that virtually all LTHS are very comfortably in profit now :) Good luck all !
Debt free, conservatively run and managed, low profile Profit making, recurrent and predictable revenue stream £1.8m circa cash as per recent half yearly accounts, low employee headcount Bank if International Settlements, Bank of England, Central Banks, HM Treasury Debt Management, Tier 1 Banks (Citibank, Deutsche Bank as far as I know) and top global investment banks,financial instis as customers Global market, aiming for wider geographic footprint Market cap very undervalued Share price just above currrent EPS High Barriers to entry, scalable business with no major capex, niche segment with one major competitor (Contex) ARC products better value for money and ARC pursuing market of "conflicted customers disillusioned with bigger players" and want value for money New products being developed which will increase scope of addressable market High customer retention, with 3 year rolling contracts, unless cancelled Directors hold about 25% of equity One of UK Top Fund Managers Anthony Cross holds about 14% - recently added another 19m shares Legal process underway to cancel share premium account to enable payment of dividends in due course Share consolidation likely at some point, which will open the stock to fund managers Increased required for transparency and audit trail following LIBOR and other financial scandals Potential takeover target due to low market cap May use available funds for acquisition, organic growth market pretty big Recent Finncap new target of 0.30p - initial research note out in July 2015, target updated recently, but comfortably broken Appears to meet Liontrust Economic Criteria for investment Good luck :)
Im not here but I was in the past ,and all along thought no justice is done to this company ,maybe is just me ,but having seen how they mange to survive ,keep going and still nothing is moving around here .Wonder why .
Noted. Enjoy!
Cheers Kums :) Delighted you are in and not too late I think - I am bullish about this very conservative little company.
Well done. I did not stick with this at c0.20. However I am in and hoping it will do what CTP did for me from 0.48 to over 4p! I got in that one at 0.78.
moving again
Yes....nice to see :) All in good time as ARC is grossly undervalued IMHO. Wait till dividends are announced, then the market will finally wake up.
movement again multibagger12
Yes noticeably high volumes including a 500k buy at .32p News imminent regarding permission of share premium cancellation I would think....maybe even by the end of the week !
interesting vols so far today.!!!!!!!!!
Looks like the Court Hearing regarding the cancellation of the ARC share premium account may have been heard on 29.02.2016 before Registrar Briggs. It was scheduled for 10:30 Source: axxp://page2rss.com/0e5e804bc63dcf005bc90674096a44f2/7973815_7975051 Case Number: CR - 2015 - 008769 Don't know how long it will take for the decision to be formally announced. Once this legal formality is completed, the Board could decide on the payment of a dividend in due course. £1.8m cash at hand and growing. No debt :) Good luck all :)
Revenues up by 9%, profits up by 78%, eps is not far off the cmp, no debt and £1.8m cash pile. The increased revenue has virtually gone straight to the bottom line. Good to see 0.3p paid for 15k shares..... Dividends can't be too far behind :)