Asian Growth Properties Share Discussion Threads

[latifs100] 20/8/2004 02:48

any ideas of cash left

[spectoacc] 18/8/2004 17:51

Nilip - every one of my buys today has been marked down as a sell, fwiw. Am most proud of buying 15k at 22.1p on a 22/24p spread..

Sold three times, bought 5x today, not long too many overnight but roll on tomorrow.

[keane investor] 18/8/2004 16:12

THEY HAVE SLASHED THE AMOUNT YOU CAN BUY WITHOUT ROUTE TO DEALER.

HUNG DRAWN QUARTERED.

SHORT CLOSED LONG LONGED

[zinco] 18/8/2004 16:06

nilip are talking about your short mate?.....;-))

[maltingsgpg1] 18/8/2004 16:05

well i bought a small ammount at 22.25p 11827, hope to hold for the long term, looking a little better now, 24-26p

[nilip] 18/8/2004 15:59

This stock is facing total capitulation.

[nilip] 18/8/2004 15:58

BLIMEY !

I don't know what a 'K' type trade is but is seems someone just dumped 535,000 shares at 22p !

Talk about looking for the exit door ... and pretty fast ...


If you ignore the MM trades today the magnitude of selling at around 21 / 22 p is amazing ...

Again ignoring the MM trades ... the sell vs. buy volume is virtually 20 times more selling (ie. almost a 20:1 ratio) and that's at 22p !

This looks destined for the sub 20p.

A long position here looks very veryrisky play, shorting this one looks like it could be a money maker.

Chart suggests the 10p region could be in the making.

[keane investor] 18/8/2004 15:23

LoL Look at all those MM BUYS

[lafiamma] 18/8/2004 15:04

Lee,

I thought about it, but didn't get it on. Thought it might bounce up a bit after the initial fall, but I missed it!

I'm looking to buy, but at this price I feel there's far safer investments with a similar potential reward, so I'm going to wait and see if it gets near 10p. If it does, then the risk/reward goes from being 'fair' to excellent, imho.

[lee] 18/8/2004 14:28

you nice and short laf?

[lafiamma] 18/8/2004 14:14

10p would be better.

[salpara111] 18/8/2004 13:59

Hmm, been looking at it since the warning and am now begining to think that there may be some reasonable value here.
I guess the question is, why the big drop today and wouldnt the directors perhaps like to buy some if they felt that the current price level seriously undervalued the company.
Sitting on the side line but am getting an itchy "buy" finger.

[idlejack] 18/8/2004 13:17

10p soon. Will they take it private?

[alia] 18/8/2004 09:42

mlt rising fast guys

[spectoacc] 18/8/2004 09:36

Seems MMs finally cracked under pressure of sells; bought more at 22.5p, if they do 2005 ests would be p/e of 9, then 5.3 for 06, on big growth. Remains an "if" but fancy the risk/reward the more it falls.

Good luck holders.

Edit: presuming no further bad news. Not in love with AGP, aiming to be pragmatic with it..

[spectoacc] 18/8/2004 09:30

Hmm. Bye?

[rk23] 18/8/2004 09:28

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[spectoacc] 16/8/2004 11:29

OK thanks unionhall. Arbuthnot apparently more than halved EPS ests on the warning, to 2.5p for 2005 & 4.2p for 2006. Big drop in ests, but 2.5p says p/e 11 & 2006 p/e only 6.5. Value there, but maybe a touch less than I thought.

[sportbilly1976] 13/8/2004 12:28

slowly down to mid teens - continual selling on a daily basis at the moment....

[unionhall] 12/8/2004 14:25

The warning said "profit before exceptionals and tax" ie 1.033m before tax.

so pe of 14 assuming no tax charge/credit

[me me] 11/8/2004 09:42

Spec
agree bought a few this morning

[spectoacc] 11/8/2004 09:34

Down again today, and MMs clearly have a lot of stock still to shift (can buy below mid).

However: the warning said PBT not going to be less than last year, which was over £2m, so p/e of less than 7 here, presuming no further disappointments?

Any comment? TIA.

[erbullion] 11/8/2004 08:08

that was before the fundraising

[nilip] 10/8/2004 23:36

There would seem to be some support at 30p according to the chart.

However, if the 30p sppt is breached, which, I must admit is lookinghighly likely, then the only indicative support is at 10p.

This is not a de-ramp, check out the chart if you don't believe me, about 12-14 months ago, AGP was trading at just 10p - I fear we could be returning to there.