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Everyone sitting tight here. Awaiting news of new contracts or deals for ARC.
AIM generally is quiet at the moment. PIs waiting for the new, bigger ISA limit and new financial year to kick in. Will pick up in Apr.
Where has all the activity gone?
Up +11% today. A good bounce on healthy volumes. ARC directors bought 5% of the entire ARC company just a few weeks ago.
Nit good! The pigs are on the wings
Arithmetic right up the creek today. 50,355,975 - 21,078,975 = c29m. Sorry!
Sorry, I meant dumps 19m, not 30m.
If I read the RNS correctly (DYOR), the previous CEO, Julian Andrew Miller, has dropped 19m, from c50 to c31m, taking hm below the 3% threshold. Transaction was on 28/2. If memory serves rightly, he had significantly more than this (maybe someone has a copy of old director holdings?), so has been selling over the last year or so. Good news from our point of view - means a large seller has pretty much exhausted.
At a conservative 2x revenue plus £1m spare cash, ARC is worth 0.4p+ minimum. ARC is one of very few shares on AIM that has spare cash and is not scrambling around for funding. That is why the share price has almost *tripled*, making it one of the best-performing shares in the entire UK stockmarket.
Even if profits are made in 6 . Months - they are not going to be massive ! No goldmine here - imho they r worth ,15 at the no,
James Hambro seems to have come on board and we have holding in coy RNS. Their threshold is over 3%!
I was bud 0.21 bid on dummy sale...ASK is also 0.21......very strange >>>>>
have all the trades gone???? zero so far...
Good morning all!
yes 2 huge trades, however, they are for exactly the same number of shares (21,200,909). That indicates that this is a Cross....where institutional investors or insiders netting a long position against a short, hence no + or - net position....if that is not the case, then we would expect to see RNS early next week detailing the net change by insider (or if more than 3% any II net change of position..).....as £42K worth of shares is less than 3% by my calculations....either way, this is a non event...... my only surprise is that the cross was done off market (at 0.20 not 0.21 or 0.22 where the market was..)...
Gigantic trading volumes in ARC today. A huge 7 times more than the daily average. Today may even have been an all-time one-day record for ARC shares traded.
Just to make sure there is zero confusion for new or prospective investors -- "Frozen Assets" is the name of the new poster here on this bulletin board, and NOT referring in any way to the company!
Welcome onboard. Interesting take on possible takeover scenario for ARC.
With new man on board, he might make a difference this time round.
Disclosure - former employee of Arcontech. I bought some shares at 1p at the time of the "reverse takeover" of KTS. Continued to buy as they got "cheaper" (IMO). Bought 5m at 0.07p which has offset my losses. The story has been much the same during the entire period. Good products. Conservative, risk-averse management, IMO. Losses reducing all the while, but not quite breaking through to profit. High level of recurring contract fees (see RMS). Very lengthy and difficult to get new business (banks/investment businesses very cautious and protracted testing, but once in, should stay in). if they make sales, profits and share price should fly, back to 1 - 2p IMO. Always a possibility of one of their customers waking up and realizing how dependent they are on this company, and buying them out.
annual revenue close to 2M, over 800k in cash, loss down 74% and getting closer to profitability (first 6 month 1/2 yearly loss down to 68,000)......with revenues goring at 15%+ a Market Cap of only 3M is very cheap.....a market cap of it 8 to 10 times revues would be in line with broader market......can we say ARC should trade between 1.6p to 2p per share....or am I missing something...?
this is entirely possible, in fact likely, one of my other holdings PROX is the reverse, almost all trades today (some include mine and others on the board) have been displayed as Sells....
Yesterday's trading volume was about 2 times above the daily average and about 4 times higher than the daily average was at the start of 2014. The past month has seen ARC record one of its busiest share-trading periods ever. Today's volumes look like they're going to be about average (roughly 1 times volume).
It feels like the price has been tweaked down to fill an order. I would wait and see if a big trade pops out in the next 1 to 3 working days.