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Nice late trade , obviously a worked buy , should see this gap up once more on open.
Nice to see some blue on the board for a change. Lets see how we go when sells hit 6.25 and the 10/15% traders start considering to sell. We will see if this has legs then. If we could only have a bit of contract news then I think this would push well up , maybe wishful thinking though. Lets just enjoy these more positive trading days.
Yes some good stuff in the results such as streamlining the business by dropping Green , cutting staffing and working from one office in Rochester. A small gross profit and cash of over 400k is a small improvement over the reported period comparable to 2015. Just one thing worries me slightly and that is the fact that now APC looks brighter the Lon term directors have decided to jump ship. Reminds me of the time our last director/ CEO left.
Glad to have woken up the board again with conversation and Jim/Sahid you points are extremely well put and I agree the recent announcement does paint a more positive picture. As you say it's better to be in profit on smaller revenue and it shows that the boards decision to trim down the company has made sense. However we are trading on AIM and one thing I have learnt trading for the last 7/8 years is that AIM is extremely news driven so I don't really agree with the view that news smacks of desperation on this trading platform of AIM. I believe another lesson the board needs to learn when it comes to news/ RNS is the way it reports . Many of the reports we have had over the last few years have been extremely vague. I think many see this as hiding the truth behind a story and it spreads a feeling of being unsure. If the company are going to go on and increase profits and sign more contracts I believe that when a company is at such a low ebb , as APC currently are , then all good news should told to the absolute detail so the market is absolutely clear on the message. If you look at all multi national companies and all extremely rich individuals they like blow their own trumpet until people are often sick of them. I,d love to be sick of hearing more good news from APC.
Quite simply I believe there is a complete lack of confidence from both P.I,s and I.I,s for one distinct reason. The one glaring thing missing from RNS,s this year is contracts. The last contract news we had was back in January when we secured an agreement to supply 5 Royal Mail offices with money saving systems and lighting. I note the final sentence which hinted that RM Group own over 1000 buildings and this was encouraging. Well low and behold we have had no further news as to more work for RM Group up to now. Apart from the poultry Blackpool work at the Tower Ballroom site then we have hardly made massive in roads into securing meaningful contract work. To me teaming up with partners such as Gooe doesn't cut the mustard as we are just hanging on to their coat tails for "possible " future projects. I,m afraid that even though we may have cleared our debts by using all the placing money , which is also a little worrying, then until we sign something of substantial monetary gain I believe the market will see the business as a possible sitting duck. Just remember the large contract with Morrisons was the catalyst that got this share moving 4/5 years ago and we have seen nothing but possible this and possible that since that contract was cancelled.
Well I,ll just cut through all the recent arguments and conversations that have been on here recently. I've done my recent research into web host etc and a little work on APC,s payments to clients etc and truth be told I,m as in the dark as any well informed P.I. or ill informed I.I. The main issue is the up and coming financials and for most on here it will be the item that decides if this company is dead and buried. I too don't like the long silences by our new management but second guessing isn't helping. I know I will never get back what I invested here unless they seal some multi million deal , and that ain't gonna happen. For me it's going to be getting out with the most I can retrieve so I will just wait patiently for the results and make my decision when they come.
To be quite blunt I don't think there is anything sinister or mysterious about the trading. I genuinely believe its just institutional and private investor losing their faith and patience with APC. For the last 2/3 years its been nothing but bad or indifferent news and a steady drift south.The majority of news over the last 12 months has been vague and with little substance and what contracts we have obtained have been mere trifles. I still have money in here at a big reduction and the next report due in January will make my mind up what I will do with my pennies. I,m not expecting anything remarkable.
Extremely disappointing as 10 seems to be an impossibility for us to get through. Its been constant buying and a rise for the last 2 weeks so the only hope is that they have to free up more shares for further buys. As you say though , and your probably correct , we need concrete contract news of some sort to see this make a real move.
Slow assault on 10. Next stop on charts is right through to 16.
My ,my, two in two days , that's a first I must say. More distribution contracts agreed.
Rather unexpected but at least it's a positive story which may interest a few new buyers. The Cambridgecleantech site has a brief rundown of the list of top 50 firms. It looks as though the announcement was attended by some blue chip guests so a chance for APC to network for new business at home as well as abroad.
Could have moved this up quite easily today with the amount of trades.
I,m convinced that last weeks selling was to create liquidity for this week. We can see from today that buys outweigh sells and that's not including the 73k of grey "buys" shown as unknown. Last week we saw a big 1.5 million shares bought in one purchase , confidence from somebody ? Of course this does not mean that results will be good but the market is readying itself for the no doubt buying or selling rush once figures are released on 31st. If the new board is going to be true to its word then in theory we have nothing to worry about as they predicted a more profit driven organisation cutting out the loss making parts of the business and focusing on the money making. However we have heard this all before from the old board so not only is this coming end of year results important from a business perspective its also a show of trust from the new executives. We shall see soon.
I,m pretty sure we will see a move up tomorrow. It looks to me like today was an exchange between MM,s to create some liquidity for someone who is buying up in round figures. Maybe another big round buy coming up just like the 1.5 mill we saw just over a week ago. Just MHO.
Talk of a more profitability and a growing order book may see a better future but I will hold my breath and wait for the figures on May 31st. If the figures show an increase of income which has actually turned to profit for the group only then should we get excited. Base line profit and margin is what we need to see for the markets to regain confidence in APC.
On the way to testing 10 again before news ?
I see Filtronic have won a 3.9 Mill dollar contract which should give us some work to do.
A crucial day tomorrow for most LTH in this share. A day for some which will determine if they made the correct decision to keep the faith in APC. I've been looking through the past 12 months RNS,s and seeing if there is light at the end of the tunnel. On the whole the business has been trading in line with expectations except for Minimise energy , which according to the BOD has suffered due to the govt lack of clarity on greentech legislation. If the business on a whole can hold its ground and Minimise make up these weaknesses in the coming 6 months then we could see a brighter forecast. We have raised enough money to support the business and secured a loan facility to help matters. If there was further fundraising and an operating loss higher than expected then we may see a bad market reaction. A well structured review with proper figurative forecast,s and concrete proof that these losses can be recouped may see a good reaction. If this is shown along with a stronger than expected EOY figures then we could be back in business and rising far higher in SP. Its a real 50/50 call and I really don't think anyone can guess were this might go. GL for tomorrow , especially the LTH,s.
As expected , not enough buying pressure - excitement over.
On a TA basis this could possibly rise to 15p once it has started to see sells over 10p. There is a fairly clear path to 15p with little resistance. However of we were sitting here 3 years ago I would be confident of this as the share momentum was much stronger then and buying pressure was far greater. I think a good finish today would be 11p and maybe add another .50 tomorrow before the update on Friday which will be crunch time for the momentum.