Big trading volumes again today for ARC, at 5 times the current daily average, and 10 times higher than they were just a month ago. A breakout on volume taking place.
Another good day in ARC land. Word finally getting out on the potential here at ARC if their new LIBOR financial product for big banks has a successful trial. Also, the first-half financial results are due in the next 3 months and they should show a return to profit for the first time in years.
Price being paid on the Ask ticking up. Little resistance on Level 2 to 0.27p at the moment. ARC has a new financial product on trial at a major European central bank. The BoD at ARC has been buying 5% of the entire company -- with their own money (not free shares) -- in recent months.
Very positive newsflow now emerging for ARC. Potential new blockbuster product in Libor central-bank finance data. And a good Fintech performance. And tipped today by the influential ShareProphets website:
http://www.shareprophets.advfn.com/views/6161/by-arcontech-at-02p
Level 2 for ARC shares also looking strong, with the price being paid on the Ask now ticking up, and 0.26p showing on a future layer for the first time in a while.
Another day today of above-average volumes with an upward shareprice movement for ARC.
ARC looks set for a breakout and rerating in the coming weeks. Here's why:
1. ARC board members have been buying 5%+ of the entire company in the past few months...
2. The known Liontrust Fund has recently taken a ~10% stake in ARC, a big independent vote of confidence...
3. ARC currently is trialing a new software product (related to the huge LIBOR rate market) at a major European central bank...
4. If the new LIBOR product is a hit, it will transform ARC's brand awareness and open fresh doors for its other financial software products...