Arkle Resources Share Discussion Threads

[dontknowitall] 01/12/2003 10:39

Morning, kiwihope

Most promising day for quite a while. Two mms have put their price up since 8:00am and someone has had to pay the full offer price for a purchase. I think those two larger trades (147k and 200k) were buys.

[kiwihope] 01/12/2003 10:29

ARM taking off today on continuingly bullish semicon news. Is ARC ever going to follow?

[kiwihope] 26/11/2003 17:05

Do you think they're sitting on them? I always thought they tried to keep fairly small positions, i.e. match the number of buys to sells over time.

[dontknowitall] 26/11/2003 16:38

Buy

The 320 was a sell.

Since the last change of price there's been net buying of 147k shares. The market makers usually put their prices up approx 50k net buying. I suspect with so much selling going on there's not much need.

Boy, if ARK returns good prospects at the next results, are the MMs going to make a dollar or two. Since I've been tracking the trades they've built themselves a pot of around 1.5m.

[maestro.] 26/11/2003 16:31

500,000 buy or sell?

[dontknowitall] 26/11/2003 10:35

I received a reply from Paul Scott.

He says he's not doing these action groups any more since he doesn't think it's going to be that profitable.

Oh - and he's not pleased about this company.

Perhaps I should set up an action group?

[the knife] 26/11/2003 10:14

hope you are right kiwi,

but whats the possibility the management will relinquish and be replaced by a new team that has the will to take the drastic actions required?

or what chances do you rate it that the company will succeed in lifting revenues to a maintainable level exceeding the (largely fixed) cost base in the next few years? would need to check, but guess that is atleast some £26m, compared with about £11m revenues in 2003. and if they do get there, will they dish out more spoils to staff, in terms of more share options (currently about a third of expanded share capital), bonuses etc?

[kiwihope] 25/11/2003 12:34

I know it's bad here but I'm not yet quite as negative as you guys. Don't get me wrong ... I'm pretty convinced by knife's analysis on costs. But I still want to wait and see how they do over the next two quarters - when their market should be showing some recovery. If they can't take advantage of that then I'll very happily join you in criticising management.

[toffeeman] 25/11/2003 11:05

I think Paul's view is that ARC is a bit big for him to take a significant holding and therefore effect any change and that if nothing has happened by the New Year he will cut his losses.

I am sure he can correct me if I am wrong.

[dontknowitall] 25/11/2003 10:28

I've just emailed Paul Scott about this company. I've no idea whether he'll take action but I'll mention his thoughts on the assumption that he replies to my email.

[boobly] 25/11/2003 10:05

Held these some time back at around 25p , lost a little , and very glad I dumped them . Just dropped in to see how it was doing , regrettably it looks really awfull . The management never wanted to give the cash back to investors , and we now see why ! No cash , no possibility of paying themselves their fat undeserved salaries and expenses , and no more business to "play" with.
I hope I`m wrong , but it looks as if current investors stand to loose out heavily , while this bunch of crooks just slip away into the sunset.
It is shocking that such incompetence can be tolerated , I`ve seen it on so many occasions over the last few years . Has integrity totally disappeared as a "must have quality" to hold a position as a director in a public company?
Good luck you guys , but I wouldn`t trust this lot as far as I could spit.

[the knife] 25/11/2003 09:42

what a complete disaster, shares were around 50p just after current CEO was appointed at end of 2001. since then its been down-sideways-down, and subsequently nearly two thirds of shareholder value (ignoring voluntary share buyback) has been destroyed, and thats despite the strong cash position. meanwhile the employees have been enjoying some of the highest salaries in the industry. what a complete disaster

management strategy of gradually laying off employees will hardly revive the business. surely the only sensible way to reduce the cost base is to slash the average employee costs, reduce number of offices and shift jobs to asia

[kiwihope] 24/11/2003 14:40

I really wonder just how much lower this will go?

[nur0mancer] 19/11/2003 11:04

Dumped yesterday's purchase earlier for a fiver profit, bounces like a lump of concrete ;-)

[toffeeman] 19/11/2003 08:29

They make me very frustrated!

[easymoney03] 19/11/2003 07:39

looks like ark are facing up to being a penny stock,the management are dire maybe they want a mbo? drive the stock down to peanuts then take the company for themselves,ive seen this before many times....

[nur0mancer] 18/11/2003 17:37

I thought it was duvets surely?

[dell314] 18/11/2003 17:28

Do they make ARKs?

Rgds
Noah

[davidhel] 18/11/2003 17:13

Just as a matter of interest, do any posters here actually know what the company does? It certainly doesn't sound like it. What...you don't think it matters?

Awesome...

[mad4it] 18/11/2003 14:48

Forgot to add the cash burn from 30 sept to now, so it looks like the cash p/share is around 27p.

[colonel a] 18/11/2003 14:39

Come on, lets tell it like it is.

At end Sept 03.
Cash p/share 28p
Fixed assets per share 8p

If the company becomes a viable business then the shares will respond accordingly.
If a.n. other thinks the assets are worth getting hold of, ditto.

Otherwise the share price will decay (with blips).
As a function of remaining cash ?
Or a function of cash - burn * 9 months say.

At this level I think they're worth a punt.
But I don't think there's enough info in the public domain for it to be other than a % play.

[toffeeman] 18/11/2003 14:30

Gain they have between 24 and 27p cash per share and nav/share is meaningless when most of their assets are non-realisable goodwill:

Look at the last q balance sheet:

discount investments and goodwill and that resuces net assets by £6.5m and then subtract cash and you get an incremental value per share of about 3p.

[mad4it] 18/11/2003 14:28

GAIN

I make the cash per share approx 28p.

[gain] 18/11/2003 14:11

mms put 100k sell on price drops ...punters sell 300k.....mms get many more at the depressed price ...punters keep selling