Member Info for Gerry65

arsenal58 - when did you squeeze in a buy at 129p.

I've been seeking a sub 130p entry but not found it yet, close today, maybe tomorrow if the overall market stays bearish.

gla

Traderr - AST is not a day trade at the moment.

Spread of 7%, and very low activity.

There are a lot of better options out there this week on aim imo.

Including today only 14 trading days in Sept, maybe a few LTH's buying in at a lower price to get their average down - but a risky play perhaps.

Those that are in are sitting waiting for news. Those that are out are investing elsewhere today I suspect.

GLA.

whyast - wrong again the aug production figures are out this morning.

CH had to issue them once available, as revenue figures are critical at this stage.

He has to provide relevant info that is price sensitive.

people can do the maths, the shutdown for three weeks in Sept is a concern.

gla.

Hulie - would expect to see the August production / revenue figures either today or at the latest Monday.

WHYAST - CH has already issued July figure in the RNS d/d 6th August. They were grim, the RNS continued to explain that if depletion levels were maintained at existing drop off levels, together with the massive cut back in costs now entered into, AST could hold out till the year end, before the light s go out.

Having released the July figure in isolation CH has to release the August figures to PI's if he is to continue to be open and honest with LTH's. This information is critical to the this company, which is running on fumes.

If the figures are stronger than many expect then this will give PI's some confidence, if they are weaker they can review their options.

To hold back this information will be a total red light to all shareholders IMO.

Why would you be advocating waiting till the quarter end to release this information when the July figures are already in the public domain ?

A very strange stance to take, surely you would want all relevant information provided to you in timely fashion ! ( to quote CH ).

As the July figures were posted on the 6th August imo this information is already available to CH. I will give him the benefit of the doubt and wait to see an RNS at 7.00 am on Monday morning.

Come on CH be open and transparent with PI's who have supported AST over the years.

GLA

scully - are you still invested here ?

see you are having quite a debate on bpc.

not sure about foot.

i am watching qlt.

i did a nice trade on sxx this morning, in and out in 20 mins - what's not to like.

trading activity here has dropped off over the last few days. what's your view?

foxestocks - well done - you did better than my in and out - i got a 2.5p rise for 20 mins.

crazy first 45 mins this morning. this should settle down over the next few days.

gla.

whyast - ast must keep pi's fully informed as to revenues, so i fully expect an rns on august production / revenues in the next few days,
.
it's clear that Pg - 10 ongoing performance is critical to ast cashflow.

this company is running on fumes, actions being taken in terms of drastic cut backs in costs are hoped to keep the lights on till year end only. this timeframe was based on the assumption that monthly production revenues would hold at july levels.

any further reductions in monthly revenues must be published immediately. failure to do so will lead to speculation.

pi's deserve nothing less - silence on august figures will be a red flag to me.

gla

where is the bottom here, are we going to see sub 10p ?

hi TomE - yes the volume of posts, gives him away plus his typing style.

also he has regular stomping grounds, vod / lloys / tsco etc.

i generally look to invest in long term income shares, and am happy to see a healthy debate, on any shares i am invested in, both positive and negative. but it needs to be balanced, factual, fair.

childish gloating is hardly likely to make him many friends. imagine what he would have been like on the death of clln !!!

he seems similar to world go round, on the retail bb's.

looks to antagonise, confuse, challenge and create negatives.

not a problem to have bearish views, i personally have top sliced or moved out of some toppy shares in the last six months or so.

where he lets himself down, is not accepting others have differing views, which leads him to start insulting other posters.which is pointless.

think he is quite young - believe he mentioned that himself.

sure he'll be back in another guise.

pokerchips - see he has been kicked off again. got to give him credit for persistence though !

whyast - with the declining revenues, feel the bod needs to be honest with pi's and provide the aug revenues as soon as the figures become available.

don't forget the cliff edge, of year end for funds running out was based on no further revenue declines and all cost cutting being adhered to.

if i was in here deep i'd want to known how well Pg - 10 was performing on a monthly basis.

any lack of info on monthly revenues will increase speculation, imv.

gla

Traderr- it dropped to sub 0.4p on the 6th Aug then rose up to 0.93p on the 9th Aug.

At the time the risk reward looked poor to me.

I traded it later after the conference call, as i could see an easy gain without risk based on sentiment. Nice quick trade for me - in and out.

Since then I've watched the sp drop back from 1.2p ish to 1p to 0.9p to 0.8p.

Again based on sentiment.

Don't like getting locked into these aim shares, who does lol.

If you are locked in and spiked then you only have 3 options - buy more to try and average down, sell at a loss, or hold for news.

If you are out - you are free to trade other aim shares, and don't miss opportunities elsewhere.

Think next RNS should be to detail August revenues,maybe as early as the 6th Sept but surely no later than the 10th Sept, am expecting further declines from Pg - 10, any delay in publishing these figures would be a red flag to me.

GLA.

Hot shot - i trade have traded AST before, not today though, not at above 0.8p

Will wait for a better entry.

who knows - with my luck i'll buy in for a possible 10% trade and be in just when some permit news lands lol.

GLA

Just did a dummy buy - got 0.8282p.

Too high a price to pay imo - no day trade here with the spread, looks like another dull day for AST.

Lots happening elsewhere on aim today - shall look in later.

GLA

washers - if no news today and tomorrow, sentiment over the weekend will surely offer you a cheaper price on monday.

you may want to wait till the end of next week as the august production / revenue figures should be out, and with little expected from Pg - 11a, it will be all down to Pg - 10. if depletion continues there, many will be wondering how long CH can keep the lights on even with the drastic cost cutting.

any delay in publishing production figures for august will be a red light for me.

gla

looks like being another quiet day here.

day traders are elsewhere.

with no news expect to drift.

gla

Sakha - The day traders are over in the Weald oilers at the moment, and why not easy 10% pickings to be had, over the last few days.

As for AST - I don't see any news coming through in the next few days, and with it sentiment will ebb, as will the sp.

We may get an RNS with the August performance for Pg - 10, say around the 6th - 9th Sept, and if there is a continual decline in revenues there, some will be questioning if AST can make it to year end, even with the cost cutting exercise.

Those that got in at 0.4p should have taken their profits by now - otherwise they are just handing back their gains day by day.

I may day trade this again, but the closer it goes towards the cliff edge the riskier trading AST becomes. ( i may get double lucky and be in for a quick trade just when a permit RNS comes through )

The spread is a big factor too.

I suspect those locked in will hold, and those who are out will sit on the sidelines.

Personally i just don't trust CH, too many promises, and false dawns.

GLA.

SP is going in the direction I predicted.

Got flack for daring to suggest that those that sold at circa 1.17p eight trading days ago, had probably made a wise decision.

Since then 1p has been broken followed by 0.9p, followed by 0.8p.

The day traders are elsewhere at the moment - not difficult to see where.

Without news this should slip to the 0.75p range, anything below 0.7p will be a big worry.

Off out for the morning will check back in later.

GLA

Why - i buy and sell this one on the dips - in and out on the day if i can.

Seems better to me than being spiked at 2p.

I see sub .80p to buy this week - we all have our different ways of trading - these bb's are for exchanging views - if you don't like mine filter me old chap.

Btw, - i took a lot of flack for daring to predict last weeks falls, hey ho !

No news = sp drops imv

gla