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The trades of late are, excuse the pun, often reported late. Yesterday there were close to 600k shares traded, mostly bought at just below the ask. Today at this moment 881k again the majority bought. This has been going on for around a week which leads me to believe they are filling a large order, possibly for a large investor or II at an agreed price, the reason I expected an RNS although for your reason would have been better still. Trouble is with so many shares listed it will take around 5.7m shares for a new II before a Tr1 is required or nearly a million or so for a large existing shareholder before they need to pass another !% mark. Whichever way you look its good news but maybe more time yet before the order is fulfilled and the SP free to rise. Thinking more about an RNS from the company regarding an acquisition this is unlikely to happen before any order is fulfilled to prevent the SP rising if the MM has taken an order on price. Not sure if this is legal but sure it happens with a toothless FSA.
Yeah mine was on red alert for this morning after no trades yesterday. We had a zero trade day followed by an RNS before so was fully expecting one tbh. We should be due one soonish looking ay last years history. Expecting another addition to the APC's portfolio of companies.
How’s your Rnsometer? Mine’s on red alert!
Hi Sahid,
It was stated in the 31/07/18 RNS that the Robinsons held 10,365,636 shares, 5.8%, then in the RNS dated 10/10/18 that they now hold 10,793,136, 6%.so they have added 427,500 shares to their holding and it's my bet that they are still buying, time will tell.
There it is , nicely delayed ;-)
Malcolm, where did you get the figure of 427500 - no transactions that large went through yesterday?
Agree entirely, and nothing is immune when the FTSE is in free fall. I am sure this will quickly bounce back when the sellers shares find a home.
Great to see yesterdays RNS. I believe it proves that interests returning to the stock and a general feeling that the business is turning around. The trades this morning , to me , are just a creation of more liquidity for the next spell of buying.
That RNS just proved me wrong, the Robinson family just added another 427,500 shares (now owns 6%), lets hope that our seller has now finished so the shares can rerate.
No was talking about the old CEO Mark robinson. Surprised no RNS though although under 3% holding not required I believe.
If you are talking about the chairman, he stated to me that he is paid in shares so he has a great incentive to get this seller out of the way whilst at the same time picking up some cheap shares into the bargain.
Hi Malcolm,
According to the Directors Deals list on this site he didn't have that many. Either way we should see an RNS soon.
Hi Sahid,
Wouldn't surprise me if the chairman isn't buying these up from the old CEO?
Malcolm: not the rerate direction you were expecting!
If this had been anything serious the SP would have tanked. My guess is repositioning and we will see the corresponding buy reported anytime soon if they play by the rules.
Holdings RNS in the morning? Also some healthy buying today.
Any idea who has sold the best part of 5 million shares today ?
Article in the Daily Mail indicating AIM Companies have seen daily trading in their shares climb by 41% over the last twelve months. Not everyone!!!
If current forecasts have been met, PBT in F18 will have risen by 66% and the SP by 11%.
In the current year F19, PBT is forecast to be 41% higher than F18. This looks to be a very conservative increase as the forecast rise in revenue is £7m. Considering the economies of scale if the two current acquisitions are integrated well PBT should be a lot higher.
Very surprised that no commentators have taken notice of these facts but then again also surprised there appears to be little II interest either. Maybe biding their time until Mr 5k a pop goes away, rather than reward his departure.
All looking just great to me, so had a little top up this morning.
Surely this has to rerate soon?
Good to see familiar faces still here. I bought back much of my APC shares over the summer. Not quite as large a holding as I had previous to MR almost crashing the plane but felt things were starting to look a bit more stable.
Bought my first tranche just before the Aspen acquisition - I know some might have had flashbacks to MR's 'nam, reading about acquisitions starting again... But this thankfully is not debt funded. Aspen did have £1m debt on the books at time of acquisition which seems reasonable for expected EBITA of £0.55m from Aspen business for upcoming Apsen results. I'm expecting some overhead/corp costs reduction fitting Aspen into APC so hopefully that will grow more next year (gross profit figure of £1.35m was given for Aspen's previous full year results)
I know I and others have been talking about this turnaround/recovery at APC for a couple of years now but... Like a broken clock...
Trading update soon methinks.
Unaudited year end results this week?
"Double, double toil and trouble; Fire burn, and cauldron bubble"
Any idea what's in it?
I feel an RNS is in the pipeline.
Almost feel sorry for this guy. A word of advice - get it over with in one go and do a deal with a stockbroker. Peeps were selling a million a go a few weeks back with no degradation in price!
A great summary of the present situation Sahid and a brilliant pointer to why this should be a strong buy at these levels.