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Looks like it dropped back on pre-close price monitoring which is pretty insignificant IMO especially given half day in the festive season.

AS much as I love to see this being ramped 24 hours a day Fred if they are not buys then it means the retail bid has risen to mid point. Which is also a rampy thing to say. Which it hasn't, by the way, so they are buys.

Ok then Mr Humble you have it. It was a rollover rather than a cancellation and a certain buy. (Cancellation appeared 16:22, an hour later the large trade appeared, strongly indicating more shares were added to the same order, original order was cancelled and rolled into new order. All for 22,000 more shares at £1.88k = 8.55/share which was the retail price all afternoon, making it a worked buy throughout the day IMO - without the rollover it would look like a large sell of course, but pretty sure it wasn't)

Yes I'm sure APC is a fantastic investment long term I just tried to average down thinking there would be a significant conclusion to the operational review published "late autumn" and since it appears as though the detail won't be around till into January at the earliest I thought I'd preserve my capital. Why you putting so much effort into pushing the moose up the mountain anyway when it will go on its own accord when its ready I'm sure...

No because there cold be an alternate price deal delayed a day so we might not find out till tomorrow but it's one of those little tricks, delay half of a rollover or cancelled trade but not the other half so the market sees one first. Did anyone else see the string of buys this morning and think P&D??!

Naughty fumble fingers cancelled the trade...

Sorry, some but not all of that was me. It is winter solstice and we all know how the market loves delays. Don't see the any RNS with operational review coming out "late autumn" - my guess now (personal opinion) is that it will be coming out with the results next year. Also not quite sure about whether there may be short term pain over the next couple of months so though I'd protect my capital and derisk once again at another small loss rather than see this drift further.

Clearly you need to watch the classic Yes Minister and Yes Prime Minister on VHS or DVD. Patently an "operational review" is very different to "a review of operations", the former of which is still to be completed ("the Board is pleased to announce that we have made significant progress with the operational review") whilst the latter is complete ("Under the guidance of Richard Hodgson we have completed a comprehensive review of the operations of the Group"). (Both quotes from the same RNS 5/11/15) Honestly on one hand it's reassuring they are focussing on the business and not the shareholders but what would it have cost them to have included a line in that RNS, or a separate RNS recently, just to let us know?

Yes. Why wouldn't we be?! RNS 5th November was "Further to the announcement made on 18 August 2015..." and made no mention of a completion date. Therefore we are to assume that the publication date for the review is unchanged, as in the original referenced announcement on the 18th August. Of course there might now be a potential complication - final results have to be out by end of Feb and last year they got them out 22nd January. If they're working to a similar release timetable they will be in the close period by 22 Dec - they'll have a job on releasing guidance with a straight face when they have the actual numbers in front of them!!! Surely there's a school of thought they get the audit completed and get the full results out together with the review in one blow?

I can't see (unless you know more than you're letting on) how you can say for sure that 229k trade yesterday was a buy. The effective bid on RSP might have lifted during the afternoon from 8.26p as the mm often have a rising algorithm on bid when bumping along on the bottom (see it on STGR where I hold, which is also in a pit). Granted it might well be a worked buy on that quantity with the order terms set in the morning then filled during the afternoon but surely there is enough room for doubt IMO.

FWIW I'm not sure posts are being deliberately removed the LSE system is messing up (yet again) and posts are disappearing and re-appearing in my other threads too... Also I wonder if there's really anything behind the ramp. I just got off the phone to APC's Nomad and they are telling me he can see no corporate actions going through affecting trading and even if there was a registrar change it should not affect trading.

Interestingly one of my brokers won't let me trade APC today, they claim that APC's registrar information has changed and they can't put the deal through CREST until the change has been completed. This took me completely off guard as I know for a fact my SIPP with another broker allowed me to trade this morning for a bit more averaging down. Also they can't or won't tell me how long it will take to fix... Anyway I just wondered if anyone else is hampered by this or had it before and how long I can expect for my broker to get their act in gear?

That's hilarious. What would IMO be more tangible is APC flogging units it has identified in the review as outside core focus. It just doesn't make sense to have a company like utilitywise making a takeover bid for APC to carve out esos - the new mgt might gladly sell the bits they want if they asked nicely ;) Anyway filed under 'i really hope this is true but it is almost certainly bs'

Won't be the first time in the last few months a BS rumour of a takeover bid has been posted here. Given the pattern seems to be someone ramping this to death on BBs for days followed by alleged "rumours" I remain sceptical.... But of course would love to be proved wrong at £20m yum yum. But the mention of £20m makes me even more sceptical because it's so high, but just conveniently still a bit believable given broker's target.

Concur. There was a nice chunky buy into close, more bought than sold by any analysis, in addition a lot of buying showing as sells in the day due to the mm on RSP ask trading it down. It's looking strong technically IMO and could be set to move should the review prove to be acceptable. Only hint of reticence I have is whether the recent announcements are part of a managed news flow with the full review brining some challenges. But a volte-face brought his predecessor down so I'm expecting more stability, plus I believe a recovery is possible from the fundamentals and my faith in the new CEO is growing after a bit of a nondescript start (very little news flow so nothing to judge him on bar a couple of rather sparse RNSs last month).

Looks like someone didn't want that gap-up this morning... L2 looking like pistols at dawn since pre-open. Course it could be a background sell order, but equally could be at least one MM has got their eye on picking up shares for less than 9p before the uptrend gets a hold - they were running this pattern after the uptick last week too. Be interesting to see if it can hold this gain till close - be ridiculous if they manage to trade it down despite the regular buys.

Good. Good, good, good.

So with my trading hat on (yes I'm really just hoping my new lower average can be met and get my long term hold back into profit).... I had expected this to drop back a bit this morning and it looks like the MM are trying to walk it down with diminishing ask (the last mid-point trade is probably a buy as it is now 9.85, below mid, to buy). But the gap to 9.5p has been filled so I'm actually wondering if anyone's in the wings waiting to buy into the rise, aiming either at the revised-down broker forecast or Zak Mir's technical target?

Don't know but a Google search shows he has notified holdings in other UK companies and a social media profile comes up for a "Private investor predominantly in micro-cap UK equities...but more importantly, proud dad ..." So maybe it is just someone buying into the low SP. Proved my theory about anticipatory rise dead wrong though! Which is good because IMO a buyer means the sp is far less likely to retrace - may well still drift a bit waiting on the news of the review but this is generally great news I think.

What is very interesting here is the relative lack of any resistance, which follows from gap theory that anyone locked in after a big fall won't jump on relatively small rises, but depending on how many averaged down we should see some resistance soon as some people cut their losses. Also there must be a few bottom feeders in here now and they should bring more resistance.