This follows the same draw down as Capita before results. Gets manipulated so the big boys can fill their pockets. The company statement outlines needing $60 + which they have maintained in excess of this figure consistently over period. Going to get ready to start buying up! - Any lower drops i'll top up its free money.
The ceiling for value added news is now 6. Not enough momentum to push this over, unless finance is agreed which should super charge the SP. As their is no official finance timeline I anticipate this will trickle back into 4's. Based on experience of ACP being shockingly bad at updates and no idea of accurately predicting timelines. Having traded in and out of this and most recently not making very much. Will sit in cash and monitor.
A lot of assumptions on here as usual. Fact is Matt Bull and his cronies got everyone in last year on before election ML expectation. Yet their updates and reporting are amateur at best. I very much doubt the team at ACP could manage a process even if it sat on their faces!
Written to investor relations, their communication resembles a local authority. Lazy, not bothered and totally useless. These guys are amateurs of the highest degree. If this gets altitude surely everyone would need to be replaced with far more competent individuals.
Aimtodeath - clearly talking out of your behind, "So anyone whinging had the wrong expectation to start with." The (expectations) were given to investors by ACP! If you read the thread the last few posts mention this and not just 'whinging' as you put it.
"If you look at any MLs on the portal the least is about 8 months but many are a year and over from submission to signed off." - So exactly why did ACP state Oct 2020 and blatantly lie. Stop harping on about the background seller. The SP is not being supported because nothing is driving upward momentum i.e. news. You can't tell me Matt or Twat had some super persuasive powers where he could circumvent a lengthy process and deliver a ML in a matter of months?
Muck-165 - FYI It took PEK over 16 months to obtain ML. ACP submitted 16th June 2020! with a view it would be though October. Like anyone I'm extremely frustrated. MB has really been misleading, going to monitor with a view to pull out the share unless material news gets issued soon.
Lack of volume is down to people getting impatient. They promised timescales of October before elections. Almost a year later nothing, other than posting stupid commodity prices and statistics of long term growth in sector. Matt needs to pull a rabbit out of his hat and FAST.
Been building stake in here since last week. Glad its holding. Looking back at these levels in 6-24 months from now this will seem cheap. Got a feeling pandemic is going to force a lot of companies to cost cut through outsourcing.