What are the next steps/dates for the acquisition? |
Likewise Maddox. What a pleasant surprise it was to see the bid come in, but a shame in a way because you miss out on the benefits of the story unfolding.
Alistair Haynes is a very charismatic fella and an excellent CEO. |
I agree on the "shockingly low" price. Hopefully some other suitor will see that too and go in with a counteroffer ? |
Always have mixed feelings when another UK star drops out of the firmament. Nevertheless, Management have secured a decent price - 120% above the shockingly low recent share price and a tad above its all time high. Clearly, the large premium reflects just how under priced the shares have been trading compared with the value as perceived by an acquirer.
Alasdair Haynes has been a force for good in the market and I hope he stays engaged - making the case for supporting the UK's innovative firms and individual shareholders. |
Wow what a premium. Well done holders here.Think CREO could be an acquisition target at some point in the not too distant future. Worth a look imo as looks like price has bottomed and you can buy at 18.6p when directors put in about £750K in recent 24p placing. Large seller appears to be out now. DYOR if you take a look. |
Good news and it looks 51% of shareholders are already on board with this. Need to get to 75% though, if I've read the rns right. |
Happy with that, demonstrates how undervalued AIM shares are at the moment. |
Wow well done to all longs here! Happy Early Crimbo. |
Well Well!
You never know what is around the corner in this game. All credit to AQuis management for securing a decent price.
R |
Not sure how long we will have to wait for the consolidated tape however with the aim of selecting a company to run the tape by the end of 2025 at least it gives us clear sight that the consolidated tape is going to happen, whether Aquis end up running it or not. Can only guess at how much extra Aquis could generate in consolidated tape / data revenues. |
The broker says it was a startup exchange whose business plan wasn't working out rather than anything to do with Aquis. Hopefully their very strong pipeline is filled with better funded clients. |
The Trading Update reporting a £1m contract loss is a damn shame coming up to the 1H24 results. The 1H net revenue growth of 3.5% or £300k is going to be eclipsed by the 2H contract loss unless they can book some of the technology sales in the pipeline.
Very disappointing news and Mr Market has marked the shares down c.16% to 400p as I post. He's in a very unforgiving mood atm. Nevertheless the contract loss has to be set against the strong pipeline - that counts against this being indicative of a more serious underlying issue. Lots to explore on this on the 12th Sept results. |
hxxps://aqx-web-prod-s3-public-read.s3.eu-west-2.amazonaws.com/Aquis_Statistics_Apr_24_44e03294c4.pdf
April Stats out showing a continuation of an upward trend for market share on Aquis exchange from the low of 4.48% in September 23 they hit 5.27% in April 24. |
hi robsy2, yup regretting my sale despite tipping aqx on here and lse. I thought I would invest the money elsewhere and come back in a few months! not as bad as my timing with LSE a few years back, I held 1000 shares at £6, for months the "experts" all said LSE was a dog going nowhere with no potential to expand so I sold...the shares soared past £80. anyway, I wouldn't be surprised if a foreign bourse made a play for AQX, maybe SSE or Deutsche bourse |
Aquis Exchange was discussed in a video back on 25 March...
Alan Green on Trifast, Aquis, Team17 & TruSpine Technologies
Mar 25, 2024
And 31 March...
Research Talks - Neo Energy Metals #neo, Fulcrum Metals #fmet & Aquis Exchange #aqx
Mar 31 |
Dunno. Sorry to see your post btw . Unfortunate, but it happens to us all.
Here maybe it is just being reassessed as a hot stock with some real potential, available at an average price. |
lots of momentum, any particular reason? |
I got tired of waiting so sold out in the 360s/370s, just at the wrong time. AQX is making progress but the real value will come when someone makes a play for the company, T/O could be circa £10 per share, perhaps even £12 |
Tech does look good. They have 7 paid clients now i think. If they get just 5% of the 350 targets then that is another huge leap forward. The profitability per employee just spirals with their business. |
Great summary Robsy,
They have a good mix of revenue but it looks like the Technology Sales has the prospect to transform this business. Markets is solid and they are working hard to build market share and Data looks to be very lucrative when the consolidated tape lands.
The pace of innovation at Aquis is impressive.
Regards Maddox |
 pretty good results considering the poor backdrop. I went to the presentation and took away the following;
All 4 divisions symbiotic, profitable and increasing profits during 2023.
Aquis markets struggling with headwinds, lower market volumes, sluggish member growth and some loss of members due to mergers. Aquis markets was 70% of the turnover (4m GBP a year) in 2018,in 2023 it was 48% with 11m GBP.
Rule changes have improved market share there from 4.5 to 5.5%. They aspire to be at 10-11% within the next 3-5 years and are pretty confident of getting there. Plausable explanations of the route .
AQSE running well though the IPO market was very challenged in 2023.Did more IPO¡s than the other growth markets .
Aquis tech doing really well with a lot of solid earnings coming down the line. They are winning contracts against the biggest players because the product is better and the price point for set up and running is keener and the tech is cutting edge and updated for free as they develop their offering and implement on Aquis exchange.
Data is also looking good - they seem pretty confident of a serious scale-up of earnings from the expected implementation of a consolidated tape along USA lines, estimated to start late 2026 onwards.
So , very positive imho .They have the team , the experience, ambition, cash and as they say the headwinds can and will change to tailwinds at some point.
They come over well.
The Outlook is very interesting.
They estimate that data earnings could double from where they are now by 2027, they could get 5-10% of the 350 stock markets around the world onto their tech stack and at Aquis Markets they see how they can grow market share to 10%, and Aquis stock exchange can also trade much better than it is now .
There are 3 big shots on goal there for over the next 3 - 5 years. No idea what that means in financial terms, it is all a bit speculative, but they say data could double to 7m from 2023 level,with consolidated tape and 5% market share, or double that again with market share at 10%.
Since they listed in 2018, they have increased turnover 500% , moved into solid and sustained profitability and are now on a forward PE of 16. This looks like a very reasonably priced stock considering the tantilasing opportunities they have within their reach, particularly with tech , data and Aquis markets. Aquis exchange is also fine and shows the world that they not only build exchanges but they can run them as well . |
Feb market share 5.45% and a new win in Columbia. They are busy moving forwards unlike the sp! |
Jan market share 5.4% , highest for a year. |
Results pretty good. Market share up a bit but no lights being punched out, more progress on tech and data. Costs may be up a bit as well. We’ll see when the results are out.
The static share price and improving profits mean it is growing into its rating. |
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