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Yes you should have and I am surprised by your confident posts you didn't. I do not say haha, I hope you get back in at a good price is it now, I dunno. Recently I checked all the institutional investors over a year and found none had reduced their holdings and Fairfax and the other two mains had increased theirs with UBS just arsing about. This was enough to persuade me (not convince me) but I am forever chasing lost causes, so it was another hang on and hope, its paid I trebled my holding with an average on new shares of 81 so need sell off a few before next crash our doomster APRJAX predicts so readily. Its interesting whether these big investors get some kind of heads up on major problems, you would think so? Anyway I am sad someone who hjad the same faith in APR as me was almost tricked into selling.
Some exposure to China, offices in Hong Kong etc., maybe also SE Asia, generally. Not sure that all should have a huge effect, but who's sure of anything.
The crunch for APR may well be when they update at end of month on how they will cope with bank covenants. Today as railride says can be looked as at as a positive, in theory no loss in Yemen it was insured (but what are they owed?)10 odd million bak from what might have been a lost cause Libya. Hard to say, it's a big gamble with perhaps a risk of complete loss, needs a few QPP investors on here! They seemed once a well run company in an area of promise, but they have obviously been mistaken in taking on work in very risky area's. They never mentioned insurance in connection with losses in Libya, to my recollection. They have got some of that equipment into Senegal but was there any uninsured losses on top of non payment?
These are when there is a big (sudden) movement in price, and looks lile gives brokers chance to review what they might have ordered pre auction. Don't think I know what I am talking about, it just how the RNS reads!
My understanding of the UT is it is determined by the orders outstanding or something like that? There was one pretty big trade! Two price monitoring extensions.
but it was good
So if APR can get out of Libya without to much harm done. Other than the loss of continued revenue and the unpaid work done. Surely we return to the company being worth at least it's NAV which was well north of here. And then if it keeps itself out of trouble, it can go on to better values, towards where it once was?
again and I am being joined by Baroness Kingsmill, she can make the sandwiches.
that different approach is looking good, wish I had read your post earlier and done the same good luck anyway.
I have buried my head in the Libyan sand and bought another few more.
are proving as accurate with their 650 shot in the dark as was their 1350, unfortunately.
So is this all down to Libya, or is there more to it. CFO left a month back. Was it because he had cocked up, or he saw disaster coming, or the others blamed him for impending disaster, or felt he couldn't handle it, or none of the above. NAV is a good point assuming it can be realised and there is nothing lurking behind CFO departure! But wow, it just keeps tumbling away losing me some seriuos (to me at least) money..
I was kind of being a bit flippant about how their price guide can vary so much in a such short period of time. Thanks though for the response Bobee. I guess the situation in Libya is playing its part in current fall, I looked up where their powerplants are and although they may not be right where the airport is and away from Benghazi they must be at risk. I guess also there must be some risk of payment defaults. APR must have considered some protection against these eventualities. How do you think that will fare (is that the right fare?) if things get worse, or something directly hits them. I'd be interested if anyone has some ideas as it could be worth me chancing averaging down, if some other shares I own come good and I sell to finance. I am well out on these right now!
Downgrade from 1350 on 16/5 to new figure of 650. What made them do that?
maybe it wasn't such ****e after all, even if the market told me so
Theres some **** posted on this website so I will risk adding to it. This is poised to do really well, has competent CEO, is in a promising area with potential, will it or am I like the rest talking ****e.
also is having some effect, a solution to Syria's misery, unlikely though it still is, should have an effect. Solution or perhaps at least some progress!
for me needs a lot more but I think will get there (20p say) soon enough, be nice if by Christmas!
and lots of buys going on, has given little twitches lately maybe is time for recovery. I am already up to my eyes in this so not likely to buy more but may be opportunity for some?
Results OK but strong indication of improvement beginning the 2nd quarter, with little time to have a real impact. This looks to be seen in the 2nd half, so expectations are met with improved share price along the way.