Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Arm now starting its usual dissent towards 1.30pm (9.30am New York). Then either up or further down depending on what Apple does. Still hanging on to Apples coat tails at the minute am afraid.
Ia I think your 1st point - manipulation - should put them in prison! II To Buy when you have lost money is very brave! Either believe in yourself and go for it, or be pragmatic (cowardly) like me. I believe Arm is worth more than double its Mkt Cap right now, but am probably wrong. C Very interesting your comments about Optimal Payments - never heard of them but will look them later today. IV For more info on Arm watch MotleyFool - they still have many experts like genglethus, anthonymus, troglodytes and blahblahdoh. I came over here cos I hardly get any info from MF any more. XXX Bedtime now - SeeYa
PS when I said a 10% rise, I did not mean on Monday. Just over the next few weeks. Best of luck to you to, hope you make the most profitable decision.
yes am almost certain iom are listed in AIM. Some of the mistakes of my buys sell were over £20k, so they do get it wrong with the bigger transactions to. Actually I don't think they are mistakes just manipulation. Am in a similar position to you in that I am losing money now on ARM, not much in the grand scheme of things about 3%. I sold mine the other day and bought back again later which helped a bit, gained about 1.50%. The stamp duty can kill day trading a lot of the time. Am hanging on to mine but am sure you will see a rise early doors Monday. Can see them gaining 10% in a short space of time (just my instincts). Talking about AIM my only investment there just now is Optimal Payments and they are valued at £1.35 billion. They have applied for a FTSE 250 listing. They are a very interesting company and look likely to gain in the next few weeks. The average rise if a company gains entry to the FTSE from AIM is I have been told around 10% and they look a certainty to be admitted. Their interim results are on the 26th Aug. too. Not plugging but worth a look.
Hi R3D2 Iom Mrkt Cap is £ 273M so I don't think it can be Aim (not in my office right now so can't check). Also I only recorded the Big deals. ie > £ 10K. Shirley they can't get those wrong? No doubt you will have seen my 'shares from thin air comment' of over £ 1M more bought than sold. All I can think is a MM got stuck with a huge bundle of shares (after an unsuccessful Takeover - which is when I bought) and he/she/they are offloading them as quickly as possible (invisibly cos they are MM's). Interesting obs of Arm sp movement. Now I am losing money on Arm so my rules say Sell. I will sell in the morning, but I think they are a Buy, so I may just Hold. I used to be indecisive but I'm not sure now. Best of luck if you topped up.
Hi Nige_W, had a look at your iom board and I see what you mean. I think the basic answer is that anything goes on AIM, a lot of the time there is no logic to it. You talk about buys and sell and supply and demand. I have been looking back over the last 18 months on my own personal share buys and sells on AIM. Out of the last 80 transaction they have got 22 of them wrong, buys marked down as sells and vice versa. That's over 25% of my buys or sells reported incorrectly. I surely am not the only one this is happening to. That is why especially on AIM you can take with a pinch of salt the daily buy and sell amounts reported. Getting back to ARM the pattern seems to be the share price is up in the morning then gradually drifts back in the afternoon. My prediction for Monday opening is a gain of 1 to 2% maybe a bit more. Then a gradual retrace in the afternoon. Am quite confident it will start higher but let's hope that I am wrong on the retrace. We will see on Monday. Overall this is a great opportunity at the moment to buy ARM I have no doubt about that. IMHO
I don't believe the MM can have a significant effect on the share price - I believed the SP was based entirely on supply/demand ie every day the Buys ought to more or less = Sells and SP adjusted by them to enable that. Don't really know what effect the shorters have (betting on SP going down) nor the longers (SP up - option to buy at todays price in X months time). They should cancel each other out!? Anyway, take a look at the iom board where I have been arguing with myself for ages about supply/demand!
MM determined to keep the lid on this. Up about 3.50% at one point today only to be pegged back to 0.27% up at close. This despite Apple shares up 2% yesterday and up around 1% as we speak in NY. Apple dropped 5% on Tuesday and ARM followed. By the same token ARM should be up now to. MM are determined to keep this down despite the first class results recently.
We have had everything flung at this share recently, including Apple downturn, China woes etc. Due a rebound from this low price. Everything in its favour this morning. IG index showing a 35 point rise in the FTSE and Apple shares up almost 2% in New York (including after hours trading). Barring any other bad news, hope to see a nice rise. So am topping up at opening, then will see what transpires. Fingers crossed. GL.
thanks Nige_W, good read.
Treasury shares explained by an expert! http://boards.fool.co.uk/arm-have-just-bought-4-m-of-them-in-their-own-13229728.aspx If I hadn't said anything they might not have lost 4.53%
yes in the main it is good. The company is buying its own shares at putting them in treasury. It reduces the number of shares in circulation so in theory should increase the share price. Although they would have to buy back an enormous amount of share to make any noticeable difference.
Is transaction in own shares good ?
The world economy is not at ideal by any means BUT my point is Arm's Peg of 0.6 means the Martian Invasion is already built into the price. I haven't checked but I suspect the Peg has never been lower than this. £8.00 Dec-12 with Eps 11.6 £9.60 Aug-15 with Eps 25.0 (approx) ie If Eps now only 23.2 all things being equal the price should be £16.00
expect this to do 830-850p but could go well from there ...
it used to be when America sneezes Britain (or was it Europe) catches a cold. Now it seems when China sneezes the rest of the world catches pneumonia. Brilliant set of results here recently and all to no avail. I have no doubts this share will come good. We will all just have to be patient.
make me laugh, j p morgan downgrades arm share price, given the mess they have made during the downturn I dont think there views are to be relied upon!
expecting a half decent rise tomorrow. May test the £9.80 mark. IMHO.
shares up 2.5% in early trading NY. This should be moving up now.
First message here - though have always read what others have said about Arm over the years. I just wanted to say that I think the price is still quite relatively high, in my opinion and would expect it to go a little lower before it recovers. It wasn't so long ago , only last year they were well under £9 and of course Apple had such a great effect on the whole semi conductor sector, but considering Arm are in such a transition from Mobiles, weakness in China & possible rate raises at some point in the future I think the share price is doing just fine and will buy back in sooner rather than later but patience grasshopper.
Dont know what the Apple percentage is but think that Apple must be their biggest customer but that figure could be say 20% for example (just a guess). It is a fact that at the moment ARM's share price is down because Apple are down. I do agree with you that the share price as it stands is a bargain. It's just a waiting game here and we will be rewarded.
I don't know how dependent Arm is on Apple Sales, but think it cannot be a high %age - just 1 phone maker of many and 1 sector of many of Arms interests. Mebbe all the Chinese have sold their shares to to buy Apple phones! Anyway for a high growth coy to have a Peg of about 0.6 means it must be a bargain at this price. ie Double Peg (to a very reasonable 1.2) would lead to double the price of £19.00. I am now losing money on this share which means I have to sell some, according to my Rules, which means I might have to revise my Rules!
ARM's main customer is Apple who mainly rely on the iphone, of which 60% of their market is China. Hence the drop.
After profits why such big drops ??? Brokers target 13.00
Apple are too dependent on one main product, the iphone. Apple's main market China is slowing and their recent stock market crash had to be artificially stopped by the Chinese Govt. Meanwhile ARM have signed lots of new deals. The future of mobile money is huge and ARM supply most of the world's mobile phone chips. Me thinks we are onto a long term winner here (sans Apple). P.S. Anyone know if the ARM phone chip is DIRECTLY involved in NFC (Near Field Communications) as used to purchase items with your phone?