Member Info for jimbobtechstock

Well that's one scenario that is more positive than my other scenario. It is purely hypothetical but if someone expected an imminent placing they might be inclined to bring down the sp to get the placing shares cheap. Continuing to hypothesise, let's say anyone inside on the placing got a preview of the profitability report that showed all wasn't as bad as feared however there was to be some pruning and some cash was needed to shore up the balance sheet. Well really it's pretty much aligned with your scenario Sahid - get shares cheap and sell on for massive profit. I can't see why there is on the surface more buying they the sp continues to fall. Yes transactions could be obfuscated which can happen by accident rather than design but they seemed eager to take it down quickly this morning. Anyway, either a shake as you suggest or they got wind of something else but in the grand scheme of things it could ultimately mean people expect good news on the horizon (akin to presence of DERAMPERS usually means good things afoot..!)

They're still taking this down on a few sells despite the steady buys yesterday. Can the mm know something we're not allowed to know? This bloody shambles continues. I'm giving up. Well... giving up averaging down and starting to look to cut my losses. And total silence from the BOD. How long does it take to come up with the outlines of a plan and issue some much-needed guidance because giving themselves the ridiculous timescales they indicated (possibly into December) will leave this in the 5s or lower at this rate.

Unusual though for such volume to go through without shifting the spread, isn't it. Ass to the large late reported yesterday too, again not a notch on the SP at the time. Makes me wonder which arm is buying from which.

Beware false *profits* (!sorry!) Seen a fair amount of ramping online this and others so would treat it with a pinch... However the timetable set out for the profitability review clearly isn't sitting well with the market IMO and at this mcap for the £30m+ revenues which includes the profitable components business etc I feel does leave this a sitting duck. Each time I average down the sp drops so on one hand you might buy into a takeover frenzy but it's also likely the sp will drop more as clearly something very serious is weighing on the minds of investors - compared to the very same company that was putting out EPS of 11p 2 years ago. Crazy...

Well clients are looking for more than just a supply chain, or "LED lights" they want the projects done satisfactorily with good lifespan and of course at as lower cost as possible. It's not just one component it's a group of components, integration know-how with good project management and delivery. So yes I think the reasons I first invested are here and the reasons I topped up at what turned out to be a pretty dim time are there. As for the BOD having a proven track record I can spin that around and suggest that the board whenever you invested Thomas was good enough then. Hindsight is marvellous - the company royally f'd-up and suddenly it's obvious the board doesn't have the skills or talent. "Proven track record" is such a fm perspective, yes admit I'm speaking (partly) from bitter experience but the idea that you should only back someone who's proven themselves I find a very limiting and somewhat flawed perspective. Partly because you end up overlooking those with a real hunger to succeed in order to back those who already have, and partly because many who had a successful run as CEO even themselves would admit a large amount of luck played its part. Right market right time right product. That kind of thing. Investors come along expecting CEO to reproduce results in another company and often come to regret putting their faith in one person rather than a well-functioning top team.

I think a lot of people are significantly down here and that alone might keep this in a bear pit for a while yet. Agree the market isn't driven by eco alone. It is as it has and probably always will be driven on costs. However on "the market just wants cheap LED lighting" I don't agree. The market just wants to cut its costs and that might be just LED or it might be Solar/Battery/LED lighting rigs or water reduction. And players like APC need to get in and show customers how they get ROI on the eco kit it sells

Thank you Thomas - I hear what you say and think I understand where you're coming from. I tend to be more of a cautious optimist, with a group that was forecast revenues approaching £50m (I don't have the references to hand apologies if this is way off - twice the interims is 30m and it's going to be higher than that) stuck on £8m marcap... Well... this sp is telling me they'll struggle to turn regular annual profits of £1m. On that top line. When they claimed gp of £5m on £15m in the interims. Yes what you say about the right team is absolutely spot on. But the canvas is there IMO for the right hand to paint this into a much prettier picture. Also forgive me but you talk as if a novice board, it's been listed close to 20 years IIRC and around well before that. Yes they're made countless mistakes but the question really is have they learned and matured. I'm not expecting great things but I do believe <9p grossly undervalues APC, faults and all. I had imagined sentiment is running low and if you work in the City in the tech space you've confirmed this. I'm wondering if there is any specific rumours doing the rounds about cash position etc because as I say this marcap to me is low. Anyway, money where my mouth is last week I averaged down from 21p to under Sahid's 15p. Not sure how low I'll take it because as pointed below there is always a risk of casting a golden net to catch a turd. But fwiw I don't believe APC is a pos and I'm hoping the new CEO with an ops bacjkground won't shy away from making pragmatic decisions and getting what's there working, axing what's needed and cracking the whip.

I'd be interested to hear if your concerns strategic, operational or funding/cashflow? The company so far has only admitted to operational issues and some could conclude that better cost controls, pricing and purchasing would fix, however IMO the sp fall indicates some investors think otherwise, maybe.

So the buyer's no longer here it seems. Back down she goes?

It is encouraging the MM chose to narrow the spread and up the Bid on recent buying rather than up the Ask as they've been doing recently to quell buying without taking the risk of holding more in float.

What's holding this back and it's not the lack of upsides in countless positive notes. Until we know how much of the top line we're going to lose in the profitability review ie what percentage of the increased turnover can never be turned to profit we don't know how much (if any) was wasted on the acquisitions. The review should hopefully also confirm the cash position because whilst the Chairman's reassurance that 'current facilities are more than sufficient' my take on the current SP is that the market isn't quite sold on that so if the Chairman's statement is reconfirmed - I've no reason to doubt him - then I'm hoping the SP will rise a bit just on that de-risk alone. Let's hope the review team hurry's the hell up and gets something out sooner than originally indicated, "late autumn" which by the astronomical definition could be as late as first few weeks in December which is way too late IMO.

There are other buyers I'm sure but don't get your hopes up I've started averaging down a bit and given my luck on this share to date it's a real sign this will drop further.

Still there. Dummies in the afternoon showed RSP bid price rising steadily from 5.30 to 5.33 and still offered 5.33 despite the last sell. If you ask me looks like someone wants these shares and looks like they're on a timetable

I forgot this is AIM lol

I still haven't decided whether to aggressively average down (no the recent drop wasn't sod's law on my - and many - luck on this share). Price keeps dropping makes my hair stand up wtf is going on this has to be more than 'a bit of a loss in FY 15 when we expected par' doesn't it?

Thanks mate, similar thoughts on t/a alone, which of course is not the full story - very useful to have your take. It's hard to read the quieter ones as they accumulate value in interesting ways (e.g. sometimes a BOD buying, in this case the notified buyer). On a non t/a slant it's ternary IMO. Either they pull off big numbers on the platform consolidation and through acquired businesses, or they trim the R&D costs as promised and start growing profit, or they slump back to 3p.

I did say in ADVFN my suspicions about a background buyer... 10% to Kestrel Opportunities, interestingly, one portion held through a New York nominees account. Wasn't there something posted on here or one of the other forums about a US-based "buyer" a while back?

Thanks Sahid - I'm on 21p now so even if it makes the revised-down broker's target I'll still be down... Am seriously considering buying into this again though, I have the firepower to get my average down to something around 11p if I can catch shares at today's SP - *if* I was a bit more confident there was going to be a recovery in the near term as I wouldn't want to be holding that position for too many months if I could help it. Thinking about timeframes for this profitability review, well we're coming up to 6 weeks from the fateful RNS. Of course no idea what the results will be nor how the markets will react...

This share has been my biggest disaster this year. Profits already taken elsewhere have more than made up for my loss here but I falsely called a short sharp bottom at 12p to my detriment with my stop-loss kicking in at 9p on my low 12s/high 11s averaging down shares. With hindsight 3 crap decisions - topping up at 16p, calling bottom at 12p and the value setting, or bothering at all, to stop-loss my averaging down shares (though that remains to be seen depening where the SP goes from here). It's ironic because on paper APC should have been the lower end of the risk scale. The old adage of impatient to the impatient rings true here, I should have just held and not tried to fight the crash. Anyway, I've still got shares and I've got to decide at some point whether to plough back into the dip or just leave them alone in my portfolio for a 18mo - 3 years and see what happens. Obviously I shall post what I intend to do so you guys can bet against me as recent history shows every trade I make here to be bad...!

Gap-up yesterday and maintained price despite a sell-off, today price paid for shares sold rose a fraction more to 4.77. Upward pressure from somewhere for some reason. Of course the reason doesn't have to be good but given the interims and the reasonably solid footing IMO I've decided to restore a small proportion of the holding I sold off earlier this month when I needed some spare cash. I've held this in some quantity for over 2 years and had a <3p average before I sold 2/3rds of my holding this month so I've had a reasonable return. I see it as a relatively steady ship under MJ with massive upside potential for their product line in the right circumstances.