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Agree with Fred and those 6.375 trades are definitely buys. Can understand you selling dactions if you consider you have better options but think APC has hit the bottom. Why else would an educated investor like Mark Blandford and the Chairman be buying? With no analyst following the stock I doubt many PI's will be buying unless gamblers and cannot see much happening to the SP until the company get an analyst on side. GL
Vino: Hypothetically if Hargreaves were to transfer APC shares between their funds then no holdings announcement would be necessary. It must be something like that as the gap between buy and sell was very small so the broker made only a couple of hundred quid. But if not a transfer then yes I would agree with you. I find it strange that most of the trades lately have been reported after hours. A lot of the trades reported incorrectly must have been buys otherwise some broker must be holding a lot of stock and that doesn't usually happen on AIM. My thoughts are that someone is hoarding stock but only prepared to pay a certain price and until that order is satisfied there is an agreement to hold the price down.
I would hope those major shareholders know more than us? IMHO I cannot see any rise until an analyst starts following the stock. How can any punter make an investment decision without knowing what the target is!
Thanks Malcolm. I am sure that all financial dealers, betting or otherwise will need to upgrade their timing mechanism and if that is the reason behind Mark Blandfords interest then the prospects must be exciting of APC. Not a bad thing to dislike debt but if it is reduced through constant private placings then it definitely doesn't have my vote. When the price fell a couple of weeks back I tried to buy 100,000 shares but the price I was quoted was much higher than the ask at that time. Now it seems that most of the juicy transactions are either after hours or subject to a reporting delay. I wonder why? I believe the price is being held down for mates trades and a short term rise seems very unlikely. Regarding the component distribution side of the business the financial press is full of good news stories - Electrcomponents Group, Solid State, Dialight and today Qinetiq all quoting increased business in the Military sector in which APC have a strong presence. Contrary to their SP's ours falls. If ours was 8p a month ago it is worth far more today!
Thanks Malcolm, he obviously thinks APC a good bet!!!
Malcolm: Do you know anything about Rockridge investments? They seem to be building a very large stake in APC but all of their other investments appear to be in the gambling/gaming industry.
I used to think I had a fair idea of the shenanigans of AIM brokers but when it happens on any of the shares I have held for quite some time it occasionally leaves me cold. Take APC quite a few ups and downs over the years with both the Company and the SP for many different reasons. Today we are led to believe by both Company and Stockbroker reports that the Company is lean and mean and returned to profit. We have no idea of the revenue expectation for the year but judging from the interims the revenue will fall and the NP will increase. Orders are thriving and profits are good so just a matter of maintaining the status quo and the SP should ultimately rise accordingly. Maybe this is the last chance for the major shareholders to top up and with the help of the MM's they appear to be doing just that. Forget what colour the trade is on LSE that large trade yesterday was certainly a buy IMHO with the MM happy to take a £7k commission for doing very little other than catching everyones stop losses by lowering the bid progressively during the week. Definitely not a stock for day traders but surely a chance to double your money in a couple of years if not sooner. If you trust the management it's a no brainer.
I believe they are Fred. Several share BB's complaining that LSE's software does not accurately record transactions . See REDt for instance. The difference quoted on APC DUMMY sells and buys is 0.71%. Unusually small margins for the MM. Keep saying it but they must be collecting for a background buyer.
Now a trader with a sense of humour at 1400hrs lol
Coupled with the fact that the SP has held relatively firm in the presence of persistent selling I am inclined to believe that there may be a shortage of stock. I tried a a dummy 250k sell today and still offered 7.25p. Perhaps another large buy order on the cards?
Reported record component orders in Q1 and broker upgraded sales forecast yesterday. Electrocomponents Group & Diploma shares up as a result. APC reported good component situation in H1
I know for a fact one of those 7.6p deals yesterday was a buy so probably all of them and today's so far. With several MM's dealing APC bound to be some differentials in their pricing and guess LSE indicate the extremes for Bid & Offer. Some strong holders of stock now and would not be surprised to see another Holding RNS anytime soon. Political uncertainty with election & scaremongering over Brexit may hold industry back but seems to me APC is being well received after several misfortunes in its quest for growth.
Words of wisdom indeed. Good luck!
Why the exile? Surely no abuse and cowboys on this board. Balanced comment is always welcome and food for thought.
Jim: If you look back on the RNS's for Year end & Interims you will find the info. If you look at those years they have segmental info after the notes to the accounts. F16 Distribution was 55% H2. F15 - 52%, F14 - 50%, F13 - 50%. I have hard copy reports going back to 1998 when there was only distribution and also notes reference the H1 figures. When APC floated it was on the Official List not Aim and I presume that I got these figures from the internet. At that time the split was more like 60/40 but it was a very different company then with most sales coming from Military Component distribution and with Govt budgets reset in April this may have been the reason but would still hod firm today for that element of the business. Unfortunately the segmental info today does not breakdown Mil/Commercial sales.
http://apcplc.com/news-posts/mifid-ii-time-synchronisation-compliance-faqs/ This could be a major opportunity for APC. Worth a read and watch the video.
Not sure about the short supply but the big buys are from long term investors happy to wait a couple of years or longer for returns. Fred, I think it was you who asked about second half being traditionally better for Component Distribution sales? Looking back through old reports you are correct, sometimes much higher. With the large reported booking in March this should also be the case this year. Losing the Morrison's business was a huge dent in the revenue but wasn't it reported as being very low margin? Just think if the revenue had equaled last year then we would possibly be looking at a profit figure around £600k for H1. I think it bodes well for H2 so can understand the large buys yesterday and maybe more today or tomorrow. The buyers want to buy at these prices and not to eager to show their hand so maybe a slight fallback before the inevitable rise. All IMHO of course.
Strange pricing on that last 100k sell. Normally higher volume gets hit but MM paid more than low volume. Accumulating for large background buy me thinks!
Important thing in profit again and new orders in March should boost H2 and increase profitability to a reasonable level considering the increased margin.