Ashoka India Equity Inve... Share Discussion Threads

[picobird] 27/5/2014 18:20

Goldman Sachs put SPT down as a sell last week & raised the target price from 88 p to 95 p
A really weird forecast. They do have a few fingers in pies & the markets are booming.
That broker probably thinks that they are too diverse to be focussed.

( Hope this Android has got a spell checker? )

[rathlindri] 27/5/2014 17:33

SPT up 4% today I see....perhaps it's the Elliot wave reverse tree shake? ;-)

[picobird] 24/5/2014 21:10

If that was the case, certainly a nice turn. Would have to be a skilful trader though,but how painful to see the share price go on to greater heights.
So many of us have hated ourselves by getting out too soon & in the process learnt to hold when the picture warrants it.
Still no real idea about the Elliot wave - must read up on it when I have a few hours.

[mbmiah] 24/5/2014 20:49

Agreed Pico, my thoughts in more words

[brando69] 24/5/2014 14:59

If that 31k was bought in 75 to 80 range then that was a decent turn for someone

[picobird] 24/5/2014 13:46

Sell at 16.35 31380 shares from what I can see.
Suppose considering the days volume it could be regarded as significant, otherwise a bit of a non event. Reckon whoever sold might just regret that decision unless they are playing the market. Something in the Elliot wave theory which says it's easy to miss the boat during the upturn.
Shares magazine, chartist column have highlighted Anite this week.

I guess someone who has been waiting for a certain price level is perhaps baling out & taking a loss, ignorant of what is coming in the next few months.

[brando69] 24/5/2014 11:31

Ccare to elaborate?

[mbmiah] 23/5/2014 17:40

I get the feeling that some ppl are baling out after holding for so long.....that was quite a finish near the end

[picobird] 23/5/2014 12:16

Nice to go into a long weekend with that news.
Add a premium to that for potential 'extras' & we will be in the 200p to 300p range.

Apparently candidates have to master the principle of the Elliot wave theory in order to become a CMT- Chartered Market Technician. Looking forward to when the crowd join in on the uptrend as is forecast in this theory.

You can see the three waves already. The fifth one will apparently hit the high of Feb 2013, Don't ask me about the mechanics involved but it works.

[werty5] 23/5/2014 10:03

Had a nice write up in shares magazine today. Not going into all the detail but they have come to the conclusion AIE is due an upturn to at least £1.60 by using Elliott wave theory. While I must admit I personally find Elliott wave theory a little bit hokum a bit like voodoo really there are people who do believe it.

[brando69] 23/5/2014 09:52

this is doing very nicely... a penny here, a penny there... keep it real.

[picobird] 21/5/2014 17:23

Looks to me as if brando69 has cracked the price,it makes sense after all.
Not celebrating with a cigar, but could not resist an Ipad with a broken screen.
Anyway GLA, we deserve a break.

[brando69] 20/5/2014 16:55

downtrend broken, news positive, price holding nicely... 100p will be with us soon enough

[rathlindri] 20/5/2014 16:41

Not today brando, however, we live in hope!

[brando69] 20/5/2014 12:18

next stop 100p?

[rathlindri] 19/5/2014 20:45

no cigars today

[werty5] 16/5/2014 16:12

Well for a while anyway

[werty5] 16/5/2014 10:19

Leap frogged SPT on price per share today.

[picobird] 15/5/2014 21:43

Irene
Remember in the 1990's the price was 299p & had a bit of a dabble then.
Came in fresh early 2000's & built a big stake.

The company will be taken over but hopefully not before the price has built up to around 200p.

GLA

[werty5] 15/5/2014 08:54

Adding on to what I said above still think it would have helped if the BOD issued a bit more if a positive statement reguarding the year ahead. I know about the lack of visability etc etc.... but with the correct use of language something could have been said. Still maybe next IMS will prompt them to say. Moan over.

[irenekent] 15/5/2014 08:49

Pico

As you know I have always maintained that the share price could return to 300p (I think the last time that happened was in the early 1970s) but I would be astonished if someone did not try a takeover long before it reached those giddy heights. Anite originally floated as Cray Electronics @ 30p and has returned to that price and lower a couple of times. That was when I topped up. As al101uk points out this company is very sensitive to market sentiment; it always has been so, both on the upside and the downside. If the current growth in good sentiment is reiterated when results are published we will be firmly on the upward path again. This assumes of course that management don't do anything stupid along the way. Are any of them up for retirement soon? That may well have an impact on their time scales.

We await developments.

[werty5] 15/5/2014 08:45

Agree al101uk the prospects are looking good for a nice turn around in fortunes. Lucky for me I got in after the large gap down then sold out again after the nasty looking head and shoulders before once again trying my luck at about 81p looks like you timed it better than me but happy to say now in profit. Hope things work out for everyone who has backed this like Rath who I know has been chewing his knuckles over the last few months and Picobird who seems to have great knowledge about the company and by far exceeds any knowledge I have.

[picobird] 14/5/2014 16:22

Rathy
Absolutely. These tech companies that win high profile awards are normally snapped up. The Travel side has been a barrier to any takeover up to now.

al101uk
Interesting post, spot on.
This is a gem of a company & will attract a decent premium should it be acquired.
Reckon that could be anything up to 100p on top of a good valuation using forward 2015 figures & a decent P/E ratio. Come July that could amount to 300p in total.

Notice TA shows resistance at 108p.

[rathlindri] 14/5/2014 16:14

Nicely summed up al101uk. Yes, holding here over the last 15 months has been pretty grim alright.

I think you may have got your timing spot on, best of luck.

[al101uk] 14/5/2014 15:55

I've only been invested since mid-April, so by no means a long term holder here. My take was that the company is a market leader in a growing niche market with high barriers to entry. The share price fall was the result of negative forward guidance and that guidance playing out in the results. As usual the market over-reacted causing the company to trade on historically low multiples even given the drop off in business.

The companies balance sheet throughout has remained solid with little to no debt.

The company then started to make more positive noises and the price has shown signs of flickering back to life. Those positive noises have been followed up by the intention to sell off the travel division to raise funds for further investment in to their core business.

That leaves us with a company that is financially robust, trading on a historical discount on earnings multiple in an environment that has started to look good for future earnings growth.

There are several catalysts for a re-rating in share price:

1. It is valued at a discount to historical norms on current earnings.
2. The sale of the Travel business.
3. Increasingly positive results and guidance.
4. General sector sentiment.

Thought it might be useful to post my view as a new investor, I know it's difficult to be positive on a company that has lost 50% of it's value from peak to trough, especially if you have been invested for some or all of that period of decline.

On the other hand, I couldn't be more positive.