Arcontech Share Discussion Threads

[multibagger] 26/4/2017 20:43

Hi Janeann,

Good to see some sells and then a decent 7500 share buy moves the price back up again !

The chart may be interesting from a price-volume analysis POV...

We could have seen a hammer candle validated with a low volume today - this is a sign of strength. Always have to be careful about reading too much into one isolated signal, but I guess we may be positioned for a further new high, if my interpretation is correct.

Anna Coulling's book : A complete guide to price-volume analysis is fun to read and makes sense.....worth buying IMHO. I read it every now and then and forget how to apply it correctly and consistently.

Good luck all !

Note to Self: Can do better :)

[janeann] 26/4/2017 09:13

although there seem to be a few sellers this morning!

[multibagger] 25/4/2017 22:52

Hi isa2020,

According to the company website 25.02% of the shares are not in public hands.

There are quite a few large holders with notifiable holdings - often strong holders and hence their shares may not come onto the market. According to the company website these holders with notified holdings account for another 32.41%

Then, of course, there maybe a significant number of strong holders under the 3% threshold....

So ball park figure of tightly held shares could be in the region of 70% - my guesstimate.

The share tends to move quite quickly upwards on even small trades and this appears to corroborate my theory that there are not many traders in this stock - buy and hold seems to be the norm.

[isa2020] 25/4/2017 22:26

Any ideas what percentage of shares is available to the market?

[multibagger] 24/4/2017 08:33

More buying this morning and price responding as expected :)

[multibagger] 21/4/2017 07:53

For people who may be on the sidelines and wondering whether to jump in....

We have a market cap of about £8m
Cash balance of over £2m
No debt
Conservatively managed, low capex, low staff turnover rates
Recurrent revenues with rolling over multi year contracts with the likes of Bank of England, JP Morgan, Santander, DB, Citibank etc
High barriers to entry
Very low rates of customer attrition
New software currently undergoing trials with five Tier 1 banks
Any new revenues will go largely to the bottomline
Offers a cost effective and efficient alternative to the likes of Bloomberg terminals
Dividend likely in Aug (reading between the lines from half year trading update)
Anthony Cross of Lion Trust fame is the biggest shareholder with a 13% holding
A former employee who contributes to this thread has over 3% and RNS notified interest...
FinnCap target of 70p is likely to be taken out in the next few months
Take a look at the trend on chart with higher highs, backed by good volumes

Good luck all :)

[multibagger] 20/4/2017 13:13

Good move so far today and let's see what we close at :)

[janeann] 20/4/2017 11:30

Well the buying continues - long may it continue! a few more and you may get your 70p!!

[multibagger] 20/4/2017 07:04

Good luck Janeann - we are all guilty of making calls that are less than optimal !

[janeann] 19/4/2017 22:25

Hi

Picton is just a long slow property trust with a good dividend; has performed better than I thought recently. acso - who knows but it is in demand at present. Im in LTG but messed up my idea holding - sold out far too early!! Had a few dis and sold far too early seems very pricey now. but so is fevr!

I have done a bit of running losers and selling winners too early!

[multibagger] 19/4/2017 22:06

I have far too many ARC already - I was very greedy a lot earlier and happy that I did so.

My current big / investment positions are

ARC
BMK
CYAN
IDEA
LTG

...all in my UK Stock Challenge annual entry for 2017 (and the only entrant for ARC,BMK & LTG if memory serves me, so I guess I am a contrarian)

....I have been adding DIS recently and OCT earlier on - these are significantly smaller positions and more speculative IMHO at this stage.

Keeping my eye on Picton and ACSO further to your nudge - but feel that I have missed the boat with ACSO.

[janeann] 19/4/2017 21:18

Could be anything or nothing to cause the surge - a few buys might stimulate others to buy - Interestingly COG took a leap today apparently cos of an IC tip; but was completely unexpected. Nice tho.

Do I read into your post you are still adding?

[multibagger] 19/4/2017 20:54

Hi Janeann,

It's the poor liquidity that will lead to the share price jump as ARC is thinly traded - not that I am being greedy ;)

I am more than happy with steady and a gradual rise that we have been seeing over the last couple of years. Solid boring outperformance in a market with high barriers to entry....just the way I like it.

Could there some imminent and positive news to explain the jump and the volumes ?

[janeann] 19/4/2017 20:44

Funny isn't - days of calm then suddenly a jump in the share price - clearly not much free stock about. Multib - Im quite happy with a slow and gentle rise - no need for sudden jumps to 70p

[multibagger] 19/4/2017 20:42

The candlestick pattern is called a Bullish Marobozu apparently.....

hxxp://www.stock-trading-infocentre.com/marubozu.html


"....When the trend is up, the price opens and with out a even a small down move the price trend up and closes without even a small pull back. That means the price opens at the lowest point for the time period and closes at the highest point for the time period. This produces a long white candle with out a an upper shadow and a lower shadow.

This is called White or Bullish Marubozu Candlestick. Here bulls or buyers are in control from beginning to end. This indicates a strong up trend...."

So if this candlestick interpretation is correct, then a strong share price is due to follow :)

[multibagger] 19/4/2017 17:38

Well it had to come....another cracking day with close to a new high backed by 4.5x usual daily volume.

Technically, strong candle with no wicks and backed by volume...someone may be able to shed light on this.Wonder what the buying is about ?

Not complaining at all, but get the feeling that 70p will be taken out sooner than we expect.

Good luck all :)

[multibagger] 13/4/2017 11:13

Hi gleach23,

You could well be right - doesn't take much to move this upwards given the poor liquidity and churn of shares.

After the Easter break probably.....

[gleach23] 13/4/2017 10:02

Due a move up after the modest buying this week.

I can only get an online quote to buy 150 shares at full price...

[isa2020] 23/3/2017 07:43

Hi Multi & all, I've been a shareholder for a few years - before consolidation, my initial purchase was in error. Had then to do research which made me surprised how low the company was valued (having screens next to, and being a competitor of the multinational)So when the share drop to its lows, I sold other stuff to buy more. My view point is, ArC competitors could buy the company out right from petty cash. My share is not for sale.

[multibagger] 21/3/2017 21:00

New share price highs + above average volume = bullish/uptrend.

Good time to average upwards !

[gleach23] 21/3/2017 17:09

A couple of buys just before the close (I think the 5k reported as a sell is a buy) will hopefully get us off to a positive start in the morning

[multibagger] 21/3/2017 12:08

Hi cbootle,

I think that they will come up with a 1p dividend per share (which would mean around £125K in total and around 4x dividend cover). I agree that they are very conservative and hence 1.2p/share may be pushing out the boat !

With dividend allowance/exemption now reduced to £2k / year, this is unfortunate timing, but nevertheless delighted that we are making excellent progress. I still think that with the kind of recurrent revenue stream, sticky customers, £2m in the bank, growing profitability - we remain a small but juicy takeover target.

Someone is keen taking chunks of 25k at a time :)

Good luck all !

[gleach23] 21/3/2017 10:08

another 25k late trade just gone through, this time @ 61.8p

[cbootle] 21/3/2017 08:50

From half-yearly results (6th March 2017):

"Although no interim dividend is proposed, subject to continued growth and meeting expectations for the business, the Board will review the payment of a dividend in respect of the full year ending 30 June 2017."

I'll take that as a close to a promise as they can give.

The level of maiden dividend is anyone's guess, my guess is 1% as they are very conservative.