The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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What odds would you give me on it being a placing? lol
The old 1 trade - RNS in the morning ,lol.
LOL what great timing! Positive post and price drop combined!
Great last para Jim - hit the nail right on the head!!!!!
Fred: it could be that - as well. But the price has risen significantly now from the 52-week low, which indicates there has been net buying over recent months. I can't see any reason why the chairman and CEO would put their own cash on the line, other than knowing in their hearts APC was now on the right track and just needed to prove itself to the market in the upcoming interims. They probably have a clue now what the figures are like, after all RH has driven the process improvements to fix the disastrous miscommunication of guidance in 2015 that lead to the downfall of his predecessor. And, as I said, I just don't buy RH - a level-sounding chap, bordering on cautious - putting his own cash on the line for the sake of a quick ramp. The only thing I can't call is whether he wanted the shares at today's SP but couldn't get them from the market, or whether APC needed the £125k cash to plug a small hole. The remaining £75k worth of shares is going to settle outstanding fees - and this for me is the interesting part. Because the shares in lieu of fees are NOT discounted from the current SP either. No way would I take shares instead of cash unless I (a) believed in the company and (c) took them at a discount OR absolutely believed the price would rise soon.
and there's me thinking it might be as simple, for example, as an ex Director selling. thanks for the clarification
"It would be a lot better if we knew the identity of the non reporting seller(s) IMO" The share price bottomed out at 5.5p so the directors are buying at 20% over the 52wk low, and the current SP would indicate net buying on the market since then too. A lot of the sells you see on many shares is just the usual churn, a lot of liquidity is spread across AIM, for the AIM all share buyer (have you seen, for the first time in ages, a significant steady rise in the AIM all share over the last year - that might encourage more to invest in non-managed ditribution funds this year - seeing last year's performance - and a portion of that trickles down. Also when people short against the all-share it goes the other way). Also the "sells" are sometimes part of a worked buy, if a trader realises that churning 50k shares weakens the MM position each time he will keep churning, but chucking in a few smaller buys.
" recent increases by Hawthorne and Rockridge -plus this is 2 directors putting cash in - is good news IMO" It would be a lot better if we knew the identity of the non reporting seller(s) IMO Anyway onwards and hopefully upwards.
Also not in close period yet - but will be starting prep of the interims soon so those shares are locked in for the results IMO. Significant
Great APC getting the money and not the MM's. Very good sign that things are on the up!
Buying new shares with their own money. Interesting - private placing amongst directors - can be seen in 2 lights but (a) I have RH down as a no-nonsense kind of guy, and I doubt he'd be up to any false flag director buy games and (b) recent increases by Hawthorne and Rockridge -plus this is 2 directors putting cash in - is good news IMO
Was it something in the sandwiches I wonder?
I'm still not convinced sub 6p was an entirely natural price - even given APC recent history. 2 major holders increasing is a pretty good sign in anyone's book. If those LTHs stole shares off the bear traders then there's going to be a game or two left as the bears scramble for the exit but I don't doubt the overall direction - and haven't doubted it since the axe fell on what needed to go. And yes on top of that bottom feeders taking profit. But the retrace was on 300k volume, after good buying on a million volume the day before, on top of the 2.45m shares picked up by Rockridge and 400k by Hawthorne. So retrace on low volume after accumulation, not worried in the slightest.
Not long ago there were buyers at 5.85 so we are going to see a few cashing in their 20/25% profits and I,m hoping this is the reason for yesterdays drop. We have a good solid base at 6.40 so with any luck if we drop early we may see a good bounce back at this level. I assume our new chair will be buying in so along with interest from investment groups I,m fairly confident that we will climb over the next few weeks.
Like the sandwiches, flatered to deceive!!
Note to self- keep all thoughts and hunches to one self !!
A nice 100k sell to finish the day and give us some more liquidity for early buying , hopefully. I have a hunch we could see another good day here, fingers crossed.
thanks for all analysis. Yeah, weird how Rockridge got millions on 'Monday' when little traded. Things looking a bit better on here. I'm an LTH, well underwater. Never liked the idea of water tie up with Green Compliance at the time it was done and I suppose that was Mark's downfall. Will come back IMO
Realistically on the TA it should be a shoe in for back over 8p (my opinion only of course) but depends how stubborn the last remaining bears are. Might be some resistance mid 7s as bottom feeders take profit but it still looks underpriced on the mcap till 8p so how they will trade it is anyones guess. There could still be flippers approaching 8p with placing shares, flip and hold warrants so that's when I expect the first real resistance to crop in. But I think we could be testing 8p soonish, if I'm right on how it got down under 6p ;).
Nice to see this interest , maybe Cantors SP forecast might not be so shoddy in 2/3 months. If ii,s are starting to get interested again maybe we can see a quick march upwards. Way back when I first bought into this share it was not uncommon for it to do 2/3 days in a row of 10/15% rises. It would be nice to see those types of days become regular again.
I can just imagine some trader somewhere thinking 'now all I have to do is wait till the mug punters sell out and let me close on their rinse' only to wake up and find 2.45 million of the shares had been snaffled by an II (and the rest are in my trading account).... lol
Not so old! That was the target put out by Cantor in December.
My thoughts exactly. Though the mcap is ridiculous right now, even with a question lingering over cash. Could be word leaking that they definitely don't need to go back to the market... Or could be hint of a takeover - ripe at this price. I had intended to de-risk some of my bottom feeding at around 6.5p because it had yo-yoed a few times around this level but I think I will hold and see...
First Stuart Hawthorne now Rockridge, both previous significant holders of Green Compliance. Add to this Hargreaves and that is a very serious chunk of ownership. What do they know that we mere mortals don't I wonder. Presumably still mopping up today?
Rockridge picked up 2.45m more shares on "Monday". Which is interesting as Monday had a poultry 412k shares traded, and it's over 4 months since we had a million traded in one day, let alone anywhere near 2 million (almost a year ago on 7th March 2016 last time more than 2 million traded). Anyone who accuses me of conspiracy theories (on other shares) regarding dark/off-market trading and futures contracts I will use this as an example! (But they did make a mockery of my 'funds won't be interested due to low mcap').