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The new management team are doing well IMO. My main concern is that we get taken over before we have had chance to realise true potential.
Tend to agree but hopefully a new II could come on board now that things appear to be on the up. The impact of FBM has not yet been seen, a point that will be well accepted when management are doing the rounds. If the price does not start to creep up in a week or so we will once again have to rely on news for a boost rather than solid buying.
As I said before there are some distressed sellers. Sorry for these negative thoughts but I would estimate there are 10 -20 million shares held by the 'old regime' followers and they are trying to get out - when they do or when we have another significant fund or holder taking a large position the price is stuck.
Well another great improvement on all bases. You wont find many AIM companies posting such high percentage upgrades in their figures and as Sahid says better to come in the future. I can only think that there is either an investment arm which wants in at a given SP or we will see the rise over the coming days and weeks. Still it's more holding for me as slowly and surely APC is going the right way.
at least we're definitely on the right road but it's probably going to be a long one with many sellers cutting their losses as we rise. If we're making profit, we're an odd one on Aim
With more to come second half when the January acquisition turnover kicks in. So many buyers this morning but still price falls! Must be someone still trying to get out, so anoying after such an improvement.
Commenting on the results, Richard Hodgson, Chief Executive, said: "These results represent a signiticant increase in profitability for the Group and highlight the success of following a focused strategy of driving high margin, design-in distribution sales through a reduced fixed cost base. This profit has then been re-invested into a strengthened balance sheet. With this foundation in place, we are fully committed to delivering increased profit and cash generation from increased revenue from our existing technologies and new complementary product lines and through targeted bolt-on acquistions. I would like to thank our staff, whose tremendous effort and unfailing team spirit has given us this great platform and opportunity."
You were saying ?
Bit disappointed this week, thought we would see more buying. Only confirms to me that we need more exposure from a decent broker fighting the companies corner. More posts on Twitter by the way. Good luck to all holders next Tuesday.
I think we will see this bounce back throughout the end of next week as the results draw nearer. I'm pretty sure that the dealing this week has been to arrange a bit of liquidity for any MM's who may see this as a possible re rateable stock.
Back to the future - was reported in the RNS 19 March. Very good news though and hopefully more to come at the interim announcement.
A new report on Twitter and the website. APC has completed its 500th lighting project and the company celebrates that fact on the news page. Could possibly be reported as an RNS in the morning , we shall see.
Good spot CT. Twitter appears to be the media of choice for APC these days and certainly cheaper than RNS'. It is a good testimony to APC/EEV that Bloomberg hold them in such high esteem as to use them as the medium for energy efficiency reports. And this coupled with the recent BAE recognition certainly has APC punching above its weight. IMHO if management can nurse the MC back above �20M then we should start to see some serious II's who invest in similar specialist component distribution companies start to build stakes. The specialist distribution market is not well served in the UK and APC are well positioned to benefit from that with blue chip lines from around the world seeking representation in the UK as we have seen over the years. The BAE recognition is the best sales tool APC have when courting these companies and I would not be surprised if more appointments were just around the corner.
A couple of new posts on the Twitter feed. One outlining the new EEVS and Bloomberg report on energy efficiency in business for 2018. APC getting a mention in the report. I've only looked at the post not the report as you need to subscribe to membership. The second tweet mentions a successful meeting between the lighting group and one of APC's manufacturers in Frankfurt - Light+Building. Could this be an order in the pipeline for another nice contract. All positive it seems.
Got a feeling looking at the recent trades that they could take this SP higher if they wanted to. If we had a day of decent volume my bet would be on an upward trend.
Thanks for a reply mate and your own thoughts. You may well be right to expect a better mark up on Profit figures if you look at a couple of the recent news articles on Twitter and the website. Hopefully , for the SP's benefit you will prove a better judge than me ! I may be a little cautious but that may be because if my long term hold here has made me that way. I also get an impression that with RH's accountancy background he may be the slow steady type and would rather see a gradual growth. What is most apparent is that the majority of holders here are in the dark when it comes to expectations. We know things are turning more positive but the aid of a professional broker to guide us would be a huge benefit for all invested here.
Hi CT. Thanks for your thoughts re expectations for the interims. I expect that the GM should improve with Sterlings strength against the USD although 37% sound s a bit optimistic. I would be disappointed if the profit figure only increased by the 8-12% you mentioned especially in the light of several beefy new LED contracts announced and completed before the end of February. I agree with you over the cash issue especially if the revenue is higher than anticipated and of course the cost of acquiring FBM. Overall I am very optimistic for a good set of figures given the encouraging board comments before and after the AGM.
As far as the post on the website regarding facilities management / elsys I'm fairly sure this has only been added in the last week. It was however a link on the groups twitter feed around 3 weeks ago. A good insight into the type of high profile and influential customers APC are now attracting. Twitter now seems their first go too medium for information before transfer to the main website. As far as Freds question on the main LSE web page regarding what to expect as good figures in Aprils financials we are as he says slightly non plussed for guidance. I've done a bit of comparison between 2017's interims and finals and tried to work out some sort of guidance. Interim Opp Profit was 0.4M , Final 0.8M. Interim Total Profit was 0.1M , Final 0.2M. Interim Revenue 8.3M , Final 15.6M. Interim Gross margin 34.4% , Final 34.9M. Interim Cash 0.3M , Final 0.37M. Looking at these figures I would say that if the group achieves Op Profit , Tot Profit and Int Revenue with a mark up of between 8-12% improvement they will be very happy. That would show steady, consistent growth. Growth margin anywhere over 37% would also make me happy. This should be achievable taking into account the saving initiative's APC have adopted. As for cash that's only a small issue as we are still using the debt facilities and if the group is to continue growing we may still need to use this as a springboard to growth. These are only my opinions based on what we can take from past reports. It would be a major boost to the group if they could get a broker on board to give us more clarity to future expectations and try to guide the markets towards APC's improving position.
"A very tired question but does anyone have any idea what we are aiming at this year?" -------------------------------------------------------------------------------------------------------------------- A very good question imo sahid to which the simple answer is not a clue. The absence of any forecasts/broker notes is definately not doing the SP any favours imo. RH's statement that "Following our return to a profitable base, our business is showing strong momentum" does however sound very encouraging. Lets hope for some strong numbers in April together with some forecasts and/or some Broker notes. Malcolm can you remember whether or not forecasts/broker notes were discussed at the AGM??
are cited as one of the major growth areas targeted by APC. They talked about it at the AGM and agin this morning in the RNS. I do not know if this is a recent post onto the APC website but certainly worth a read. http://apcplc.com/projects/elsys-environmental-sensors-just-job-facilities-management-company/
One day Rodney ! At least we're moving forward not backward
Nice to see an official follow up to the AGM, very much in line with Malcolm's report. Never did understand the rational behind announcing announcement dates but assume they will be 'in line with company expectations,' whatever they may be. A very tired question but does anyone have any idea what we are aiming at this year?
Good to see APC releasing an upbeat appreciation of itself. This signals a change for me in that the company now seems comfortable releasing small news items that boost recognition to the market. We had a period for a few years whereby the company was extremely quiet and I believe this added to the downward spiral. Nothing wrong with boasting if you have the ability to back it up. April 17th could be very important if the numbers beat expectation , a possible re rate on the cards. Overall very positive.
Nice little write up on the web site regarding APC's recognition by BAE systems for its excellent quality and reliability. BAE have 20000+ suppliers but only 2% were recognised at the conference for their high standards. APC receiving Gold standard at the conference. High praise indeed.
Or smaller than all of us even!! Welcome