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Like it's gonna go mental IMO
a small position here this morning on the bell.
Excellent news and the prospect of this opening up a new market with a highly credible reference customer ! RNS Number : 2367J Arcontech Group PLC 02 April 2015 ARCONTECH GROUP PLC ("Arcontech" or the "Group") Major New Client Win Arcontech Group PLC (AIM:ARC) is delighted to announce the signing of a new major client for a minimum of 200 licenses for its real-time Excel add-in, Excelerator; the market leading real-time data display and contribution solution. Matthew Jeffs CEO of Arcontech, said, "We are extremely pleased to be working with this highly respected international investment bank. This new client win is affirmation of the quality and robustness of our solutions and the professionalism of our team. At the outset of the project we were put through an extremely comprehensive comparison exercise which lasted more than several months. The result of these joint endeavours is an enhanced solution that, as well as being clearly superior to competitors, has broadened our target market with an interface to Open MAMA and Solace Systems. On top of that we have an important new global client. I am grateful to all parties involved during this collaborative project and look forward to reporting further successes in the future." For further information please visit www.arcontech.com or contact: Arcontech Group plc Richard Last, Chairman and Non-Executive Director 07713 214484 Matthew Jeffs, Chief Executive 020 7256 2300 finnCap Ltd Charlotte Stranner/ Simon Hicks 020 7220 0500 This information is provided by RNS The company news service from the London Stock Exchange END
announce the signing of a new major client for a minimum of 200 licenses for its real-time Excel add-in, Excelerator; the market leading real-time data display and contribution solution. Matthew Jeffs CEO of Arcontech, said, "We are extremely pleased to be working with this highly respected international investment bank. This new client win is affirmation of the quality and robustness of our solutions and the professionalism of our team. At the outset of the project we were put through an extremely comprehensive comparison exercise which lasted more than several months. The result of these joint endeavours is an enhanced solution that, as well as being clearly superior to competitors, has broadened our target market with an interface to Open MAMA and Solace Systems. On top of that we have an important new global client. I am grateful to all parties involved during this collaborative project and look forward to reporting further successes in the future."
of movement.
Cash as of 19 Mar 2015 is actually £1.294m...so cash position is strong. I note that Chandra Dass moved to Singapore fairly recently and appears to have been a key player on the ARC marketing side. What would be interesting to see if this very low price - effectively valuing the company at cash will tempt either the Directors or Anthony Cross to increase their stake. I expect at at 0.11 to 0.12p this would be a steal. I am holding a significant number and willing to wait and add, when funds allow. We have edged into profitability and though it may be a "significant" customer loss, this sadly does happen. More fish in the pond to cast our nets for.... The positive from the announcement is the healthy cash position - atleast we can hire some smart sales guys which appears to be our weakness....at this low marketcap a takeover is always a risk that we will be bought out before we come good !
Losing a major customer is bad news. But a share price of 0.12p values the company at £1.84m - rather cheap when they've got cash (Dec 2014) of £1,073,948 and recurring licence fee revenues of 112% (before loss of major customer) and "we expect to achieve new sales wins before the year end". As they say, DYOR. I'm holding on.
Can't be postponed any further as the time is nearly up.....results will have to be published this week. Let's see what has been so important and game changing that ARC delayed results for so long....it better be good for all our sakes :)
I rang the company to find out when results were going to be announced but I got the impression of being fobbed off with a "by the end of the month" response by the receptionist after she asked the "team". I did not feel anyone could be bothered to even ask around the company. Poor show. Let's see what the results bring when they are announced. Good luck all :)
The lack of any PR/ news remains a millstone around this solid share. I wonder if the half yearly update due next month will evoke some investor interest ?
again. that's twice since the last post.
movement here?
I have no idea, it is ridiculous however.
Eh, someone slated this or something.
Anyone have any thoughts, news or speculations on this, seems too quiet.
Largest buy quote I can get online is just 250k at full 0.21p. Looking strong..
I do find it interesting that the fund manager Anthony Cross has increased his stake to 13% in ARC. These people are paid a great deal of money to make the "right" decisions about investment.
ARC seems to suffer the same affliction as one of my other holdings, i.e. not in a fashionable sector. If ARC had been an oiler or a miner and they were talking about dividends and cash in the bank etc as are ARC this would in my humble opinion have a MC of double or treble its current one. Vastly undervalued? I believe so. L2 is looking very strong at 3 v 1, and not that many available at 0.2p, can sell loads at above mid though..
Good RNS today. A major investor has upped his ARC stake to 12%.
Up +19% now. Price being paid on the Ask ticking up. Good to see the market finallu waking up to ARC. It is a no-debt, profit-returning, cash-rich software maker that is starting to pick up speed at big banks and financial bodies like the BIS.
Very tight spread in reality gezza, 0.205 to buy. I am wondering because of the rise on very little if there is a buy to be declared later.
Advancing despite tough spread can only be good for holders here. - GL
It's like every buy the price goes up. I suspect there may be a large behind the scenes buy order.
Looking good here. Good support.