Arkle Resources Share Discussion Threads

[symbol] 07/1/2004 11:32

Massive buys coming in...Does someone know something?? Your guraishim, we might reach the true value soon.

[quraishim] 07/1/2004 09:16

Well good start of the day.....already up 4%..looks to me that it might reach its true value of 25p or more if there is a whiff of a bid, certainly the volume does indicate of stake building.

[oldplayer] 06/1/2004 08:52

Depends when you invest. If you'd bought at 13 and change in mid-December then you'd be looking at a 20% increase.

It's not boring, it fluctuates wildly and the recent price changes have been positive.

[easymoney03] 05/1/2004 23:57

why is this stock so fuc,,,g boring it just goes down??? with all this cash it must be worth something??

[the knowing] 24/12/2003 00:13

ARC International Elect. IT Hardware & Semicon.: Semiconductors techMark


The resignation of CEO Mike Gullet did little to change our stance on the stock. If anything, the resignation adds to the uncertainty. Can a new pair of hands possibly rescue the sinking ship? Without wanting to sound too presumptuous we think the answer is no. The problems within the company are fundamental and pertain to the group's business model, customer base and product suite. We have no confidence that the current strategy will deliver a profitable company on a reasonable timescale.

ARC could be seen as a take-over target as the shares trade at a significant discount to the cash balance of c. 26p per share. There is also some very good technology within the group and the significant level of carried forward tax losses could potentially be used by an acquiror. However it is exceeding risky to speculate.

[sugarbeast] 19/12/2003 17:52

big late trade.
looks like one that got away.

[maestro.] 18/12/2003 11:27

yes back in again...watch it fly guys!

[twozuluzulu] 18/12/2003 10:23

some reasonable buys going through, comments anybody.

[nur0mancer] 17/12/2003 10:46

Taken the hit & out @ 13.6

[ghhghh] 16/12/2003 16:43

Unless there are some dire hidden liabilities, this cat will bounce at some point. There is no way the share price will continue in freefall to zero because short term the cash pile will pull in punters on any whiff of good news. As soon as seller cleared shares are likely to bounce ahead of Jan results because punters will be anticipating positive news re restructuring.

And the lower the share price, the greater the chance of a takeover/wind up.

I'm in for the bounce but have screwed up so far by buying at 16.25p, 15.25p and doubling up today at 14p.

IMO Arc should be on everyone's watch list because it seems unlikely to go bust short term and therefore will bounce at some point, offering a quick trading profit. The dilema, as usual, is where is when.



Regards

Paul

[mad4it] 16/12/2003 15:53

To be fair to dell, Paul, Nur0mancer and the other bulls, it's easy to see why they were attracted to a share trading at such a big discount to net cash.
I'm not prone to spouting off about 'conspiracy theories' but I've traded this on dozens of occasions from the day it was floated and I'm more familiar with it than most.

The recent falls can be explained logically, just read the dismal news. But it doesn't lessen my conviction that this share smells of haddock!

NB: I don't mean to upset those already suffering big losses so I'll stay quiet from now on, besides, I might just have a nibble again myself, at some point.

I wish all holders the best of luck.

[sugarbeast] 16/12/2003 15:49

I agree with your post.

However,there is enough cash to last a minimum of 2 to 3 years.

With this discount,at some point in the next 3 months it is highly likely that there will be some semblance of good news,be it a new ceo,a new contract,cost reduction,general market sentiment or whatever.

On that basis,if I can buy at 12p,I would expect to be able to sell at 18p within the next quarter,if I chose to.

A share like this is full of risks,but it can turn very quickly on both good news and 'less bad' news too.

The risk in buying at more than 50% below net cash is greatly reduced imho.

[dickdasterdly10000] 16/12/2003 15:43

sugar

the company burns a shed lkoad every quarter

whether or not it trades below cash is irrelevant unless they are going to give it back or are cash generative

sales are pitiful and burn is too high

0p here it comes

[sugarbeast] 16/12/2003 15:38

thats not very kind mr dasterdly.

with mm's looking to keep flattish books over the holiday season,and mm's likely long of this,there could be an unmerited further fall to come anytime soon.

i think,if that happens,it may be a good time to go long,top up etc.

[mad4it] 16/12/2003 15:32

Don't dish it out if you can't take it, boy!

Besides, when I found out you were a WDSW investor I realised that I AM your daddy!

p.s. " Now below net cash so might find some support here..." It's been trading below net cash for about two years, son.

[jelfsie] 16/12/2003 15:06

Im not your son old boy

[mad4it] 16/12/2003 13:02

No sour grapes from me, son, I've made money shorting ARK, I just wish I hadn't closed it. But I also made a bundle longing it from 122p to 170ish. It hasn't seen those levels since.

[jelfsie] 16/12/2003 12:52

Umm plenty of sour grapes on this thread (blaming the MM's etc). just look at the number of institutional shareholders bailing out of the last few months as the ompany has remained resolutely loss making and refused to cut its cloth to stem the cash burn. Now below net cash so might find some support here but unles the cash burn is stemmed that will not last for long. Best sell its intellectual property / assets and liquidate. And, yes, the loss of a CEO without proper explanation has rightly upset the market. Save the conspiracy theories foranother day IMO.

[eagbor] 16/12/2003 11:24

Dream on. ARM would be foolish to bid for something it could be paid to have by its creditors. Maybe just maybe talking the story up helps longers.

[mad4it] 16/12/2003 09:37

Sadly nur0mancer the MMs can do pretty much as they like! There are LSE rules to govern their behaviour, but they are DESIGNED to be unenforceable!

Make no mistake, the MMs ARE manipulating this share and have been for a long time. I've seen it all before....who remembers the RED scam involving the MMs short selling ?


Hello Paul

While I respect your views, the continued downtrend...during a period of the biggest % gains in stock market history! (March till now)...tells you all you need to know.

Just take a good look at the chart, it's all wrong even from a normal trading perspective. I've been talking about the way this share is being manipulated for over a year and I've explained in depth what I think is going on:

Rises and falls in the price do not match volumes of buys and sells, even including delayed trades.

I have witnessed obvious collusion between the MMs for a long time, this is most typically illustrated by what we've seen today, several back to back MM sells all at the same time. Do you think 5 MMs suddenly decided to sell at the same time ? ( I know there are other explanations, but I'm calling it as I see it. ) If you have the ability check back for confirmation that this is a frequent occurence in the ARK trading history. This is always followed by a fall in the share price.

I agree with you that on paper this is cheap as chips, but as a pro trader you should always trade what you see not what you hope will happen.

However, if it falls much further I might be tempted to have a nibble, as you say, surely there is some value here somewhere.

Good luck folks.

[ghhghh] 16/12/2003 09:18

Mad

I accept your discount theory but this did apply to a different market. We are now in bull mode and the great discount to cash plays have pretty much all disappeared. I can only think of Arc and IndigoVision.

Six months ago there were over a dozen.

So Arc should not hit 12p unless markets dive but who knows. There seems to be a seller keen to exit.

IMO Arc interesting because must be massive scope for cost cutting (look at the wage bill), vast amount spent on R & D and property lease liabilities not to bad if closure required (under 5 years, circa £1.5m pa).

Should be something to salvage from the carcass unless hidden liabilities/licence committments etc.

regards

Paul

[mad4it] 16/12/2003 09:07

It's perfectly legal nur0mancer, but in effect there is a MM scam at work. Check back for my previous comments on this massive manipulation, going back months!