Arkle Resources Share Discussion Threads

[avatar o8o] 22/8/2003 14:48

pictureframe

according to the last results 30 June 2003 cash was £44.9M approx 31p/share cash!!

[pictureframe] 22/8/2003 14:47

thanks, advfn data is alway wrong

[kiwihope] 22/8/2003 14:46

Pictureframe,

No, I don't think they have corrected for the cash back of £50M. I think they have about £44M cash which is about 31p per share.

[pictureframe] 22/8/2003 14:46

time to move on up ;)

[tonyleongson] 22/8/2003 14:45

MT, yeah i saw that.

Also, below is from last weeks IC:

"UK technology companies categorised according to their main activity. Hardware firms fall outside the scope of this article.

Software ownership: Horizontal: Autonomy, Surfcontrol, Sage, Merant, Ncipher, Arm, Arc, IQE, Imagination Technologies, TTP Communications

Vertical software companies: Kewill Systems, Alphameric, London Bridge Software, Financial Objects, Aveva Group, Royal Blue, Dicom, Emblaze, Gresham Computing, Intec Telecom, iSoft, Marlborough Sterling, Misys, RM, NSB Retail, Retail Decisions

Services: Anite, Axon, LogicaCMG*, Detica, Northgate Info*, Diagonal, Dimension Data, Xansa*, Synstar*, ITNet*, MMT Computing, Parity, QA, Triad Group, RM, XKO"

[m.t.glass] 22/8/2003 14:40

tonyleongson - just glanced at the IC articles on ARM you mentioned - in case of any relevance. Picked out this which may/may not be some intended hint:

"..what they (ARM bosses) do see is another round of takeovers. ARM would rather be predator than prey.."

[pictureframe] 22/8/2003 14:40

according a ADVFN fundementals cash of 80p. Cant be right can t ?

[pictureframe] 22/8/2003 14:40

according a ADVFN fundementals cash of 80p. Cant be right can t ?

[dballantyne] 22/8/2003 14:33

L2 6 buys 3 sells looking more positive

[chicken] 22/8/2003 14:31

6 bid 3 offer should move up shortly reckon ark will get a mention in the press off the back of the intel announcement.

[pictureframe] 22/8/2003 14:29

agreed, the spike shows a sudden spree of buying. Why ?

[tonyleongson] 22/8/2003 14:28

l2, 3 on the offer now, down from 7

[terry91] 22/8/2003 14:25

Pictureframe,

Very long time no see PIC 3 years ago I think. Hope all is well.DKIA agree they are talking already lol. Thanks for that info.


Hold now see what happens.

Thanks all.

[tonyleongson] 22/8/2003 14:25

From their website:

Selected Customers

ARC International provides integrated IP, peripherals, software and development tools, so it's customers can reduce the number of IP vendors with whom they work. This in turn reduces the development time, risk and time to market. ARC's technology is proven across a broad spectrum of market segments including the consumer electronics, broadband, wireless and network markets. Within these markets our customers are developing a wide range of different products such as digital still cameras, DVD players, network processors, storage area network devices, and other consumer devices.

Acreo
Alphamosaic
Altek Labs, Inc.
AM Logic
Amphion Semiconductors, Ltd.
Austria Microsystems
Boeing
Bosch
Brightcom
Cadence Design Systems
Catena Networks
Cell Guide
Chipidea Microelectronics
Cirrus Logic
ClearSpeed
Conexant
Creative Labs
Cypress Semiconductor
Flextronics
Fujitsu
General Dynamics
Guidant
HiFn
Hitachi
Hyperchip
IBM
Infineon
Intel Microelectronics Services
Internet Machines
iStor Networks
Kyushu
LSI Logic
Mediatek
Micronas Semiconductor
NCR
NeuriCam
New Logic
Oak Technologies
Palmchip
Pictos
Qlogic
Quicksilver
RF Microdevices
SanDisk
Sand Video, Inc.
Sony Semiconductor
ST Microelectronics
Sun Microsystems
Telesoft
Terayon
Top Layer
Vaishali
Vitesse
Xemics
Xiran
Zoran

[kiwihope] 22/8/2003 14:25

Exactly my point max22. Don't get me wrong - I bought some more ARK this morning at 22p just beofre this rally - so I want them to go up. I just don't believe all this talk that the rise is due to leaked info about a bid.

[avatar o8o] 22/8/2003 14:25

The sudden onset of volume around 1130 is unlikely to support the fact that all of a sudden everybody realised ARK was undervalued though undoubtedly the sector has had a recent shot in the arm so to speak!!

Many times activity like this precedes the issuing of an RNS (not necessarily a good one but some kind of significant news which people are gambling will be good!) or a rumour amongst the dealers has broken that with the industry perhaps recovering, CASH + a decent product may be worth acquiring!

Additionally ARK is a very tightly held stock:

Fistral Trustees Ltd 19.31818 27-02-2003
AXA Investment Managers UK Ltd 18.97915 28-05-2003
J E San OBE 17.14529 29-05-2003
RISC Capital BV 15.45479 27-02-2003
Richard Farleigh 7.16342 27-02-2003
JO Hambro Capital Management Ltd 5.24153 19-06-2003
Mourant & Company Trustees Limited 4.1877 02-06-2003

so any news/rumour induced movement is likely to be sharp and sudden UP - or down again if nothing materialises!!

[tonyleongson] 22/8/2003 14:18

recent traded volumes, (yes i am bored!)

21-Aug-03 109,164
20-Aug-03 397,174
19-Aug-03 597,558
18-Aug-03 390,635
15-Aug-03 2,137,820
14-Aug-03 284,276
13-Aug-03 124,619
12-Aug-03 306,751
11-Aug-03 112,208
08-Aug-03 1,054
07-Aug-03 964,515
06-Aug-03 246,143
05-Aug-03 2,530,620
04-Aug-03 10,989
01-Aug-03 68,941
31-Jul-03 312,224
30-Jul-03 650,077
29-Jul-03 162,743
28-Jul-03 329,329
25-Jul-03 151,691
24-Jul-03 935,656
23-Jul-03 347,689
22-Jul-03 442,879
21-Jul-03 26,533

[pictureframe] 22/8/2003 14:14

look at the intraday chart, see how it spikes suddenly...something is up

[kiwihope] 22/8/2003 14:14

Pictureframe,

I still think this looks more like a sentiment thing. The rally is too widespread across too many companies - ARM, ARK, Filtronics, IQE, CKSN, etc. The IT sector as a whole is up over 6% today. On a snapshot view this looks a bit overdone and I would be cautious about profit-taking.

[tonyleongson] 22/8/2003 14:10

extract from july RNS

"Looking ahead, the company remains confident thanks to a strong pipeline.
Gulett said the company is on track to introduce a significant number of
products across the processor, peripheral and software business units in the
third quarter.
"We also had our highest quarter for royalty payments which accounted for 16
pct of the revenue base and we expect royalty income growth to continue," he
added.
As a result of the prolonged SARs epidemic, the company did not reach its
projected growth in Asia. But the region contributed a 10 pct increase in
overall turnover stream, up to 10 pct of turnover from the 8 pct reported in Q1
2003, it said.
And following the share buyback in May 2003, in which the company purchased
162,413,705 shares at a strike price of 29 pence, it said it is in a strong
position with 44.9 mln stg in cash remaining."

[pictureframe] 22/8/2003 14:08

get ready ;0)

[cfol] 22/8/2003 14:08

Undervalued...! It appears to have a cash pile close to 31p a share. Any objective views on potential downside would be appreciated.

cfol

[pictureframe] 22/8/2003 14:07

Not sure about sentiment, volume is massive which points to more that a correction. Cant be many more buys at this price before is goes up again