Asian Growth Properties Share Discussion Threads

[scotty500] 30/6/2003 10:55

Nice to see the MM's buying a few as well.

[scotty500] 30/6/2003 08:22

Up again +11%. L2 strong 4 bid v 1 offer.

[scotty500] 28/6/2003 00:50

cadwell - I can get 35p to sell online with comdirect upto 100k !

[scotty500] 28/6/2003 00:47

avoint - As always DYOR, just wanted to point out where I personnally see the potential. Dosen't mean they won't fall back.

[cadwell] 28/6/2003 00:47

comdirect bid 34.5p can only buy 2500 online

[cat] 28/6/2003 00:43

Fill yer boots
Techinvest like this one - expect a write up tomorrow...

[avoint] 28/6/2003 00:42

Thanks Scotty will look further into it.First glance did not look good without background

[potentials] 27/6/2003 19:28

cat - techinvest was the reason that i picked up on this stock but as i do not subscribe to it i only saw it on the promotional issue "May 2003" of techinvest on its website towards the end of May. My buying started at the 22p mark - only wish i has come accross the article sooner in May!

Good to hear that it may follow up the may 03 - speculative buy recommendation with a yet more positive review - would be interested to know if it does!

pot

[potentials] 27/6/2003 19:28

cat - techinvest was the reason that i picked up on this stock but as i do not subscribe to it i only saw it on the promotional issue "May 2003" of techinvest on its website towards the end of May. My buying started at the 22p mark - only wish i has come accross the article sooner in May!

Good to hear that it may follow up the may 03 - speculative buy recommendation with a yet more positive review - would be interested to know if it does!

pot

[scotty500] 27/6/2003 11:27

Forgot to mention...

You can sell 100k on line with Comdirect, but only Buy 2.5k !!!

[scotty500] 27/6/2003 11:25

Tick up....Luvly.

L2 looking excellant now with 4 bid v 1 offer...another tick up soon ?

Also you can sell at the mid price on line !!!!!

They want your stock :-)

[mr.oz] 27/6/2003 10:08

potentials - good post , the market updates promised need to be kept for any restoration in credibilty .
Do you have a fair value for this , at the moment? I'm thinking , its about there , until those updates prove things are on track /further contract news( police confirm , etc)
May drift on no news
(thanx for L2 info scotty)

[tech] 26/6/2003 22:25

See latest news on AIT web site.



Looking better every day.

[potentials] 26/6/2003 19:52

Can't see the directors needing to buy - most pick up the option to buy the shares at 25p under the loan notes to be issued following shareholder approval soon.

Also I see that they are revising the warrant terms granted in the financing that took place last Sept/Oct 2002 by reducing the option price from 87.5p to 25p - this is a cheek in a way but what can small shareholders do as they are in control of a large % of the Company's shares.

So it is unlikely that the directors will but on the open market unless the share price drops below 25p that is.

On the plus side - they put in 87.5p cash per share last Sept/Oct 02 so under the lastest arrangements their average cost per share is still well over the current 33-35p.

I think delay in issuing results and uncertainty as to outcome of results has kept even many speculators out of this stock which can be good and it may mean a gradual rise over the coming months - such a situation could be helped by the statement in the CEO's Report under "Going Forward" that "I am conscious that shareholders will wish to be kept informed of our progress during hte current financial year and it is my intention to provide regular progress reports." - provided the situation continues to imporve this should help the share price nicely.

Thinking about the delay in issuing the results - the cynical side of me says that the delay may have resulted in the Directors waiting to see how far the share price would drop before stricking the exercise price for the loan notes and revised price for the warrants - presumably they would not be able to justify a price lower that the prevailing market price and so struck it at 25p after the price had drifted back from low 30s' - maybe they took the view that at 25-27p on 24/06/03 it was more likely to rise than to drop so someone pressed the "release" button!!!

[scotty500] 26/6/2003 15:43

Spoke to soon - WINS just moved off the 35p offer

[scotty500] 26/6/2003 15:41

Still just WINS on the offer, all other MM's sat on the bid.

[tech] 26/6/2003 14:03

The stock has the potential to move much much higher. They seem very confident with the Portrait product hence expanding the sales team. Good thing is they can also diversify into other business sectors with Portrait and the growth rates seen during its first 15years were in the region of 40%. Looking to see some directors buying stock as a further confidence booster.

[scotty500] 26/6/2003 13:59

Mr Hat - the bid is often at the mid for this one. Scarce amount of stock as you say, only takes a few trades to move it up.

[mr hat] 26/6/2003 13:55

Bought into these some time ago, on a Techinvest recommendation. They seemed like a great recovery play at the time, and still look to be so now, even having more than tripled since the original recommendation.

I notice that the bid/offer is a little deceiving because you can often get a much better price when actually putting a deal through, even taking into account the small NMS. Like you say now, stock seems to be a little scarce, and there was a huge amount of trades yesterday, on an up day for the sstock. That bodes well I'd say.

I'm holding for now, that's for sure.

[scotty500] 26/6/2003 11:46

Who needs friends while the price is Blue !

[scotty500] 26/6/2003 11:28

FYI - The trades at 34.5 are sells despite the bid being only 33 ! looks like they want some stock.

[scotty500] 26/6/2003 11:08

Their she blows - Will hold to see if any directors buy over the next day or so, otherwise its time to cash a few in.

[scotty500] 26/6/2003 09:26

L2 shows 4 on the 32 bid with only 1 left on the offer. Looking good for another big rise today.