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Real-Time news about AZ Electro. (London Stock Exchange): 0 recent articles
|loldemort: Jarvis sent me the form to fill in, telling me to get the acceptance back before the 15th. Apparently telephone confirmation is not possible, I don't know why. It would be nice if their website had some kind of facility for accepting offers.
Incidentally, I would dearly love to know why, over the past two days, the share price seems to have developed an absolutely hard and fast upper bound at 393p -- it's a real glass ceiling. Maybe stock is becoming unavailable, but it smacks of MM manipulation -- I would have expected a *lower* bound, if anything, from the dynamics of a takeover.
I am worried that MMs know something we don't about the acceptance percentage. Has anybody had any experience of buying put options at times like this? Where can you do it? How much would it cost? Would it be cheaper than just selling in the market?|
|loldemort: I suppose it's still possible they won't get the 75% acceptance, which is their minimum to go forward with the takeover. If that happens, the share price will fall back to where it was before the offer: around 260p, or even lower.|
|nomdeplume: NHP5: i'm not sure that your argument that the share price will fall is well founded. Tablets and phones sales tend to be cyclical with most manufacturers releasing new phones and tablets in time for the holiday season. Most tablets and phones are therefore bought about this time of the year and AZEM's share price is also cyclical: generally, it falls in the middle of the year and rises at the end of the year and the first part of the New Year.The tablet and phone market is still expanding, but total sales must to some extent reflect the general world economy. There is a big expansion planned in China with the introduction of new networks. The world economy will not stay depressed for ever and I can see the AZEM share price rising steadily over the coming months.|
|robertfaulkner: Any connection between the drop in AZEM yesterday and the Google drop in increasing profits? (did some people new what was going to be announced)
Or was the drop just a bit of profit taking from previous days rise?
Whatever will Google's share price drop spill over to other high tech stocks inc AZEM?
Not long to wait|
|stavros28: AZEM share price never produced a good move in relation to Apple which was a poor sign from my observations.|
|robertfaulkner: Hi Choppa, Looking at the 2 RNS's is it that a non-exec called Jean-Francois Felix sold 20 mil Azem shares and the next day Standard Life bought them?
Is this good for the share price?|
|xandeebee: An article (attached) in the Evening Standard this afternoon highlighted some information I deemed important especially surrounding AZ's end market and the Electronics sector.
Skint? No, but it's Apple we want, not Electrolux...
It's been a horrible couple of weeks for the world of toasters and washing machines. Philips, Electrolux, Whirlpool, you name it, pretty much every household goods Goliath came up with awful results for the past quarter, blaming - you guessed it - dreadful consumer confidence across most of the globe.
We would-be shoppers are all out of puff, it seems: knees a-wobble from round after round
of Klitschko-powered blows. Northern Rock - boom! - Lehman Brothers - bam! - the financial meltdown - oof! - public sector cuts - arrgh! - and now - pfft - a long, dreary run of economic gloom.
After all that, a sparkly new kitchen gadget seems an impossible indulgence. But is everybody really that broke? I don't think so. Amid all the profits gloom last week came the thundering spectacle of The Miracle Company: Apple. In case you didn't catch the numbers, here are a few highlights:
* Apple sold 20.3 million iPhones in the three months to June - almost a quarter of a million a day.
* Despite Steve Jobs ordering his factories to crank out nearly five million extra iPads, every darn one sold as soon as it hit the shops - 9.2 million all told.
* iTunes downloads smashed through the 15 billion barrier. Thanks in part to the sale of an extra 7.5 million iPods during the quarter, the service now has almost a quarter of a billion customers.
* Further up the price scale, Apple sold a record 3.95 million Macs.
A Mac can cost you thousands of pounds, an iPad up to £700, even iPods still start at over £100. So, no, we're not as skint as all that. It's just that, with a little less in our bank accounts, we're prioritising different stuff than in the boom years. Gadgets like iPhones are taking priority over boring household goods. They're no longer seen as a luxury could-have, but an essential item.
What can the sprawling likes of Philips and Electrolux learn from all this? Ditch those thousands of ho-hum product lines and with the savings, invest, invest, invest in designing something new that people will really want. The shoppers will come.
Probably worth considering a few points: Firstly, electronic sector earnings have gotten off to a miserable start. This could be a core reason for the hit we have taken here over the past couple of weeks. A factor which may have been overlooked by the market, however, is the fact the industries which have reported the sub par earnings have very little relation in terms of AZ's own business and therefore this does suggest the sell off could have been on the back of an unrelated trend.
The second (and more relevant) point is the success of the products which are built using AZ chemicals. 'Factories working at full capacity to pump out iPads', '20.3m iPhones sold in the quarter' - The demand is there, the contracts are sealed but the share price is falling?
I could easily have missed something here, after all, I'm only a PI but to me this seems black and white.
All opinions welcome,
|wiseacre: Surprising to see price drifting on a number of tiny bargains especially as company is due to report interim management statement next Wednesday which should be positive. Could see steep rise in share price next week. Trust that is not wishful thinking.|
|slopsjon: Going by the share price, it has been a bit fidgety, so maybe everyone is nervous and doesn't know what to expect.|
|saltaire111: A prediction... one week tomorrow, AZ's share price will be £3.80 a share.
And you may call me Susan if it isn't so...
AZ Electro. share price data is direct from the London Stock Exchange