Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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For comparison here is a little snippet that I read this morning https://citywire.com/investment-trust-insider/news/expert-view-aj-bell-dunelm-auction-tech-just-eat-lbg-media/a2440743?page=3
RNS today down 13% to 542p
JPMorgan cuts Auction Technology group target to 570 (582) pence - 'neutral'
Never wrong to bank a profit
Good luck
Last post was correct another share with similar name on ( T )
Up 19% today to 544p,
Lows 15th of this month 448p
Another loser for me so far.
Up almost 20% on this. Fast mover!
Secular down trend is defined as lower peaks and lower troughs, which fits the description on the long term chart. ATG, appears to have first traded at about 750. The director sold 1.6 million, in may, to take advantage of a bear rally. A large one day measuring price bar on 30/11/23, high price 570, has not been overtaken, in rise today. Reason for rise today , is sector software, new 3 month high , which does not fit description of ATG. Treat ATG, as speculative, and have sensible take profit strategy.
Got a few on open
Not entirely. It's another overpriced one from the class of '21.
It's no surprise there are hardly any UK market IPOs these days... people have short memories but not that short.
Is it safe to come out yet?
This has taking a bit of a slide the month, any comments on what’s driving this?
The sale was for personal reasons….. divorce, distribution, death etc. Not sure there is anything sinister in this disposal, but we all have different perspective, investment horizon and decisions
I think the market is worried about the amount of debt & the latest acquisition on 7th Feb added fuel to the fire. Mid caps that have expanded via expensive debt financing have been taken to the cleaners (Marlowe, Strix to name but two).
This share appears to be sinking. I have searched for any negativity but everything appears to be positive towards ATG. Am I missing something?
Yep, picked up some more today at 617p.
Investor community only approves of acquisitions when they are the seller. ATG has it all to prove.
Although I think that this acquisition is a good fit, more important that the wider investment community approves.
"In line with expec" snuck away in the latest RNS - nice reassurance to the market
Bought a first tranche at 690p. Will buy a lot more if it dips 10 percent from here to 620p.
I have placed a limit buy order for a dabble. I prefer to average up and see good long term value.
Bought another tranche today for 720p .
My last buy here was 23/9/2022 @ 749p that looked a good buy on 9th November 2022 when it had a little spike up to 829p.
But that was still below my March buy at 977p
Excellent results except for the massive swing in cash from a positive holding to minus £125m allegedly due to currency fluctuations, That seems incredible and needs further explanation surely.
The market did not like this RNS apparently, in the fallers -14% ( spread 6% maybe they thinking about it )
FTSE 250, Auction Technology dropped 8.8% despite swinging to an annual profit in the financial year that ended September 30.
The online auction operator swung to a profit of GBP9.3 million from a loss of GBP25.0 million, while revenue surged 71% to GBP119.8 million from GBP70.1 million thanks to growth in gross merchandise value and an additional boost from value-add services.
Auction Technology explained that in the previous year it booked one-off costs relating to its IPO and an acquisition.
Appears I did not post the buy on 24/3/22 @ 977p which looked a good idea then !!
Same again today lifted at *749p 12.17pm I had a GTC order on since 17/9/22 not like me to leave orders like that, but see it was the previous low on 5/9/22 .
It dipped sharply just after 11am to a low by 4pm 741p closing @ 753p .
So 3 tranches now , bought 5 sold tranches 2 & 3.
Thought I had an idea what was going on here, but there are clearly bigger darker forces at play.
Picked up a few more sub £9 but the shorts are winning.
Put these in the bottom drawer and comeback back when the spivery is over.
Dreaming for £10 again!