Apc Technology Share Discussion Threads

[yump] 16/7/2019 16:20

I wouldn't be so bothered about the board either - lost count of the number of heavyweight boards applying themselves to turnarounds and growth, who also have heavyweight salaries and an end result of not much.

If the strategy is set then some s.hot business development, marketing, negotiators and sales folk is the key imo. Rather bottom heavy than top heavy as the bishop... woops can't say that can we...

[seasidehippo] 16/7/2019 15:12

The number of Board members is not important to me. What is important is that all key parts of the business are managed by personnel with the necessary and appropriate level of experience.
I wonder how many shares there are currently in free float?

[fordmccomb] 16/7/2019 12:32

In researching this company and comparing it to other similar AIM listed companies like SOLI, you can’t ignore the fact that the APC board looks very “lightweight”. With the recent departure of their FD, things have not got any better. When you consider their aim of building APC up to £50m turnover, (very close to SOLIs current £56m) it begs the question, can this be done by a 1-2 man board, when SOLI have 7 board members.

[debsdowner] 16/7/2019 10:05

Yump,

Complete turnaround and worth research.

rinson,


Some brokers not worth their salt but as sales and profits rise sooner or later the market will take notice.

[rinson] 16/7/2019 09:57

New Broker but same old tricks from the market makers.

[yump] 15/7/2019 13:47

Thanks for the summary v useful will have a closer look

[brownie69] 15/7/2019 13:39

Yump, its basically a turnaround. CEO is the former CFO who joined about 3 years or so ago. A huge improvement. He has stabilished a rocky ship and has developed a growth model that is now being proven.
The growth model is;
Taking on more lines into the existing business units.
Highly acretive acquisitions. Low cost and they get the cash on the acquisitions balance sheet. Then integrate and take out excess cost. It looks like they are buying at 5 x earnings before synergies.
Cross selling between the clients of all company products/services.

Over all trading at 8 x at present. Its cheap, based on baked in growth from deals to date it should be on 12 times ie 12p IMHO, of course.

[yump] 04/7/2019 10:48

Quite interested in this, but haven't researched much.

Is it basically a relatively boring business, now being very well run ?

The acquisitions seem to be being integrated well and not giving rise to the (usual) mass of exceptionals and earnings increases as a result of them don't seem to take years. Feels like a proper plan being well executed and not run by ego-maniacs.

[brownie69] 03/7/2019 17:17

I doubt it will get that low, barring a big market fall.

I bought a few today and although there was stock available it looks like there were other buyers as sell. I'd buy more on any further weakness.

My optimism is based on the last results confirming the turnaround job that management have been carrying out. Plus a highly accretive M & A strategy (even at these levels). My thinking is that the synergies are big, basically APC simply need to keep the guy with key client relationships and the rest can be integrated. Plus they are buy at low multiples.

I'm hoping for more such deals as well as organic growth.

[diku] 03/7/2019 09:16

Back down to 6.5p?...

[this_is_me] 03/7/2019 08:23

The share price went up to 10p resulting in profit taking. Some institutions have a policy of putting a certain amount of cash into a company. If the share price goes up by a certain % they will sell some to take some profit and keep the same amount of cash in the company. If the share price drops they will then buy some shares. Thus they make some trading profit while staying invested.

[jailbird] 03/7/2019 07:45

Uncertain Brexit can happen or not .Should we be concerned the impact of Brexit on supply chains here?I feel some Cos may later report Sales/revenues have been affected

[geraldus] 03/7/2019 07:31

Yesterday's drop might be attributed to Dialight but their woes look mainly internal.

[igoe104] 02/7/2019 16:40

This time of year isn't very favourable for liquid small cap companies unless they have constant news flow. No volume, creates a drift in the S/P, folks panic and forget why they have invested, and sell up at silly prices. I'm to experienced to ever panic sell, when I invest I look at the minimum of 2 years outlook. Unless the story changes.

[seasidehippo] 02/7/2019 16:27

I think the delayed 250K shares sell shown as a buy has a lot to do with it

I also take Harrogate's point regarding SOLI although i think a lot of companies are now producing cautious outlook statements given the uncertainties created by 'Parliament'.

It may well be that we will again be presented with an opportunity to buy at cheap prices.

Thanks again i have appreciated all your comments.

[harrogate] 02/7/2019 14:40

I would think this mark down is in response to SOLI that is down 10% after a cautious outlook statement. APC in part is in the same business.

[golddigger1] 02/7/2019 14:38

Very disappointed with the pullback although not surprised. Company sell their products very well but seem unconcerned about the share price No new projects listed on the website for some time and non existent financial PR does not exactly spur on would be investors.
I firmly believe in APC and will continue to hold but so much more could be achieved by sharpening up on the PR side of things.

[tiswas] 02/7/2019 11:35

Seaside

Dont forget that the broker who handles your transaction in not normally one of the market makers. Okay it will depend whether he is prepared to phone around and haggle or whether he is just an execution only broker.

I use idealing who will make a few calls and are excellent. I did try and get an online quote and was quoted the same as you ie the mms would only deal in the bid at 2500 shares.

[seasidehippo] 02/7/2019 10:59

Many thanks for your comments, I phoned the broker today who stated that the reason why i can not sell automatically more than now 2500 shares is that there is no demand for the stock. He could provide no other comments when i said this was well under the "market size" He did say that i could place an order but that the selling price could not be guaranteed. He also confirmed that there were no longer any charges to transfer my Shares ISA to another Broker. Does anyone have a broker who is at least always guaranteed to offer at least the "market size". I can confirm i have no intentions of selling this share any time soon but I can't believe this lack of liquidity is happening to a good company like APC.

[battlebus2] 02/7/2019 10:30

I can remember several instances when I’ve phoned the broker and he’s come back and said the volume is to much and the price was lowered straight after when I was well within the NMS. Happens the other way too mind.

[firtashia] 02/7/2019 10:20

PJ 1, seasidehippo- if unable to obtain a (presumably) electronic quote for a volume below the NMS, have you ever rung up your broker and challenged them as to why they can't? I'm just wondering what responses they offer.

[pj 1] 02/7/2019 10:11

Assuming you are trying to sell at the bid or below, then this is yet another example (it seems most illiquid Co' have this issue), that the NMS is 15k, therefore any trade within that amount should be dealt immediately.

The advertised bid and offer system has totally broken down imo, with no regulation or policing. Hence the number of accusations of Market Maker skulduggery I suspect.

[steve3sandal] 02/7/2019 09:34

So that’s liquidity of £300 or so. It would take several months for me at that rate!
I think if you ever want to sell one should choose a day when everyone else is buying. Cheers

[seasidehippo] 02/7/2019 08:59

For the last couple of days, I can only sell 4000 shares when i try a 'dummy' sell. Although i have no intention of selling i was wondering whether or not other investors are currently experiencing the same issue? or whether i need to consider changing my current online broker (Hafilax sharedealing)?