Auction Technology Share Discussion Threads

[saltaire111] 26/5/2021 15:14

I’m still a big fan of this one.

Salty

[trcml] 25/5/2021 17:23

So that share price can be pu up on results without going much if any higher?

[petes5] 25/5/2021 13:58

Strange price action, any thoughts

[oldvic] 12/5/2021 15:07

im a buyer here since £8.50

[middlesboroughfc] 10/5/2021 12:47

MMs don't want to play ball ahead of results on 26 May, this is about to blow northwards

[trcml] 10/5/2021 10:45

50p spread

[middlesboroughfc] 07/5/2021 08:12

TRCML4 May '21 - 17:43 - 7 of 15
0 0 0
SCSW is a buyer ahead of the H1 statement due 26 May. Not in present broker forecasts is a third driver to margins: ancillary services, such as arranging shopping, cross border payments, storage, etc. the auction I've bought from tells me TSR surcharge has gone up from £3 a lot to £5.30, also TSR charge him £800 a year for the service which he thought pricey until during lockdown when bidder demand was explosive; now he wouldn't be without it and would recommend, etc.



Sounds brilliant. Huge pricing power and a "must have"

[onjohn] 06/5/2021 16:43

Hit 10 today


Now let’s get to 11 quid

[trcml] 06/5/2021 11:06

or under 9 quid

[middlesboroughfc] 05/5/2021 13:42

May be over 10 quid very soon

[middlesboroughfc] 05/5/2021 11:14

Is trading on the London Stock Exchange's main market for listed securities

So into FTSE index it goes on next review?

[trcml] 04/5/2021 18:43

Case of hype over substance, I reckon.

[john09] 04/5/2021 18:23

Yep

I don’t buy new issues especially after they’ve risen like this

[middlesboroughfc] 04/5/2021 18:00

Results on 26 May

[john09] 04/5/2021 17:49

The write up didn’t do it for me

Not seen many subscribers here either !

[trcml] 04/5/2021 17:43

SCSW is a buyer ahead of the H1 statement due 26 May. Not in present broker forecasts is a third driver to margins: ancillary services, such as arranging shopping, cross border payments, storage, etc. the auction I've bought from tells me TSR surcharge has gone up from £3 a lot to £5.30, also TSR charge him £800 a year for the service which he thought pricey until during lockdown when bidder demand was explosive; now he wouldn't be without it and would recommend, etc.

[ali47fish] 04/5/2021 16:00

trcml-would you be kind to comment on the worth of investing here given the said tip

[trcml] 04/5/2021 14:01

ATG, tipped in SCSW, the share price having gone up this morning, I thought I'd experience the platform by bidding in an on-line auction today. I am familiar with using on-line and room-based auctions, both for property (real estate) and chattels. To register on thesaleroom.com I entered my contact details, also required to provide my credit card details. It wasn't made clear at the outset why I needed to provide the card details when I hadn't actually bought anything at that stage but after registration I read that it's a financial check: even so, the thought of my card details "lying around" on their system was worrying so I've deleted the card. After completing the registration, including verification, I searched for something to buy, I used to collect old postcards so as that's a market I've knowledge of I browsed the few upcoming lots. This is where it got confusing. Having found a lot I wanted to bid for, I entered my maximum bid. My maximum comfortably exceeded what seemed to be an existing bid from someone else. Next, I visited the auctioneer's site (via a link on TSR site) where I had to register my details there. I entered my TSR password and that got me a confirmation from the auctioneers. I selected the lot in the catalogue and placed an online bid in readiness. Thinking perhaps I shouldn't have placed another bid, I emailed the auctioneer to check that i wouldn't be bidding against myself. I didn't get a reply. The auction was this morning starting at 10am and just over an hour later the auctioneer got to my lot. By then the information indicated that the highest bid in anticipation was about £20 below my maximum bid so I increased my maximum on the auctioneer's website. My bid was successful, paying about £20 less than my increased maximum. I then contacted the auctioneer direct to ask how it worked from now on. The short answer is that the auctioneers have invoiced me for the total payment including the buyer's premium and will be sending me a revised invoice shortly for the cost of sending the item to me. The payment, however, is not made to TSR but direct to the auctioneer. I asked the auctioneer why I needed to provide my card details to TSR and they didn't seem to know, or rather I didn't understand what they said.

Overall, I found the requirement to provide my credit card details to TSR merely to register as unnecessary given that the actual payment for a successful bid is direct to the auctioneer. On TSR FAQs sentences that start with 'don't worry' I find amateurish, but that's just me. On the strength of my experience and adverse comments on TrustPilot I am not going to buy shares in ATG. The adverse comments on TP are mostly from experienced buyers who are critical of the increase in buyer's premium. ATG's stock response is to justify the increase in terms of expenditure on improving the platform, etc but why should buyers be expected to pay for that. Also, as anyone can browse TSR without registering and then visit the auctioneers' sites direct and register with that particular auctioneer there doesn't seem to be any point in going via ATG.

Currently, ATG is capitalised at £958M which seems a lot for a low barriers for entry business. Also it is not really a business - except in the context of helping in exchange for money - because really all ATG is doing is latching onto other businesses (ie, auction houses) that are doing all the hard work and via the internet are probably more than capable of building substantial mailing lists of prospective buyers without having to add more to buyer costs via the premium.

[ali47fish] 01/5/2021 14:45

on what index this is listed on- is it a small cap or 250 foosie- cant find the info anywhere?

[saltaire111] 02/3/2021 13:47

Good luck with that Smithie!

[smithie6] 26/2/2021 11:25

so

worth £800 million while it produces £9 million from operations (I guess there are then hits to that for things like BOD costs)

looks a good short to me !
:-)

[saltaire111] 24/2/2021 21:51

I’m a big fan of this business.

Salty

[tradermania] 07/1/2013 12:25

SS, what? they spend 200K buying a company for 5 million, well a shell. How can they settle anything like that with a fictitious value. That's the problem with AIM is has crook in it.

ATG still running?