The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Yes. Hold onto your hats
bizarre, bizarre, bizarre
That would be welcome. Also up nearly 5 1/2 % on the day is nice to see.
Warning signs of what?
Spoke too soon re growth there! Barclays Capital confirmed their overweight rating, target 170p http://zolmax.com/anite-given-overweight-rating-at-barclays-capital-aie/78098/
I was beginning to wonder what was up with Investec, or what they knew that the others didn't? Maybe it's just feel good factor because they're sponsoring the Ashes! Anyway nice growth the last couple of days. Thar she blows! For a while there I was beginning to agree with Drax - performance after the results was dreadfully dull
Forgot to say. I agree with Goldenboy, if based on different analysis- 4g market / company etc. Well worth stocking up now
I think it's to do with moving averages. Looks like the 100 day moving average crossed the 20 day one. You can see this for example on the Google Finance page - on the AIE price chart, choose technical / add technical and select simple moving average. Change the period value to 20. Then click on add technical again, select SMA again then change the period to 100 and zoom in on the last few days. Another technical worth looking at is Bollinger bands. What this signifies, I'm not entirely certain, but some folks set a lot of store by these events / indicators, perhaps even more than understanding the company and its prospects. Not to be scoffed at though as a lot of people use these techniques, so it affects the price and is one reason is why we get bizarre / logic-defying days like today. E.g. "sell on the news" (even if its good news) at 140 ish would have been a smart thing to do this morning then pile in again at 132 point summut - hey presto you have a bigger holding just by following the sheep. Nice!
A nice dip
Dull? I don't mind dull when it's a five bagger.
http://www.dailymarkets.com/stock/2013/05/02/7layers-selects-anite-to-enhance-lte-device-testing-in-south-korea/ I don't suppose anyone has any idea how much a deal like this is worth. I assume, apart from the Anite 9000 doohickey, there's also services - consultancy etc.?
http://www.prnewswire.com/news-releases-test/taiwan-national-chiao-tung-university-nctu-selects-anites-propsim-channel-emulator-for-over-the-air-testing-of-td-lte-devices-202058101.html http://www.prnewswire.co.uk/news-releases/canvasm-technologies-selects-anite-to-provide-a-comprehensive-range-of-wireless-device-testing-solutions-201383141.html Can't find the third one - probably my fault as I may well have read about the same deal twice, written up differently and got confused. Trouble is I get these alerts by email and usually bin them once read.
I've just seen the third news story (Taiwan) in a couple of weeks describing some fairly chunky sounding orders for Anite. Could this mean (ahem) that they're having the strong last quarter the chairman said they'd need to hit their numbers? Wouldn't have these been very much in the Sales Forecast anyway? What was he playing at? Does this sound like the closing monologue of a 1960s Batman episode?
Modsa, can I borrow your crystal ball please? (Although I do think the market's overreacting just a tad)
It looks like it's treading water or even showing modest growth against a falling market. E.g. look at a graph of AIE vs. ASX or UKX over the last month - AIE up 6%, markets down about 4%. Or AIE up .94% on the day as I write this, FTSE down .42%. Can't be bad? This was what I was talking about before re. elastic bands - once the market starts to show some sustained growth, AIE should ping.
..and a quarter mil buy before the close. My guess is people are stocking up in anticipation of good year end results.
And two 1 million plus trades either side of 3pm - show as buys here, but uncertain on LSE's site etc.?
Hi Boshfridge, I'm a noob at this, but this morning's prices look opportune. Perhaps more experienced people could comment? This stock has been a repeat victim of stock market nervousness around issues that are nothing to do with Anite - the worst case was the DotCom crash that massively depressed the stock when Anite was never a DotCom company. Even now after the China Telecom thing, the Thomas Cook deal and positive noises from a management who don't have a track record of bigging the company up for no reason misdirected fear is causing the price to be held back based on issues that are irrelevant to this business. Again more sage voices may disagree or express caution, but when I say held back I mean like an elastic band. Having said that though, nothing's going to make this irrationality go away
I think Anite's dormant travel business was the only thing troubling the city before. What's not to like now? Anite: Peel Hunt raises target from 150p to 165p, buy rating kept.