I bought in two weeks ago wondering if it had hit a peak but finding the strategy attractive. Looks like I picked the right week! |
So the buyer of a 12.5% + stake has been revealed
it's no other than our old friend :-
Name
TA Associates Management, L.P.
City of registered office (if applicable)
Boston
Country of registered office (if applicable)
United States
------------------
Who of course were involved the initial flotation of ATG in February 2021
So the obvious question you may ask is how long before ATG "flutters" away for a N.Y. listing ?
Obviously I have bought back in long term.
Now the penny has dropped it's moving upwards today. |
It seems at this moment in time I re-invested in shares of "The Titanic" - but in reality it's just a matter of letting the shorties have their moments, before the good news eventually breaks. |
Due to the "simply irresistable " buying opportunity - sold this one at 12-10 before the fall.
A fantastic profit made from Sep 1st - money IMMEDIATELY re-invested as a top up in a share "under a short -attack"
-- "Never get emotionally attached to a stock" as they say |
Yes I could see the "new found" sign of strength in the share price over the last few days -
The 12% holder has banked their "fat QUICK profits". I will let my "fat profit" get fatter |
TODAY'S LARGE SALES
TRADE 259 sells at 566.0 64000 O
spread 566.0 ---- 567.0
15:34:55 64,000 - SELLER HAD NO PROBLEM SELLING HERE WITHIN THE SPREAD.
========================
before we had
TRADE 238 sells at a LOWER price of 566.0 253556 O
official spread 567.0 --- 569.0
TIME 14:31:52 253,556
NOTE TODAY SO FAR THE TRADING RANGE HAS BEEN EXCEEDINGLY THIN - WITH LIMITED SHARE MOVEMENT - MOST UNUSUAL. |
The ABERDEEN (Angus STEAK !! ) is no more ..... it was too tough !! |
BALDRICK1 IS IT YOU BUYING THESES SHARES ? |
You can't say you weren't warned about "the rubbish" "Jeffries" posted about this share causing the "drop" on the Monday - Today after the results it peaked at +15% before profit taking.
The shorts had actually reduced before their "utterances"
This share is a very long term project as the institutions know well. |
ATG – Auction Technology Group
4*
Auction Technology Group posted solid FY24 numbers this morning. Revenue was up 5% to $174.2m, driven by +12% A&A revenue and +1% I&C revenue. Revenue was up 2% on an organic basis. In terms of profits adjusted EBITDA was up 2% to $80.0m with adjusted EBITDA margin of 46%, while operating profit was u. 17% to $32.4m driven...from WealthOracle
wealthoracle.co.uk/detailed-result-full/ATG/1027 |
As I was saying about Jeffries being in "FANTASY LAND" on Thursday causing "The stock was down nearly 7% at 415p by 1100 GMT." Note by the close of business on the following day we have
449.50 + 21.00 (4.90%)
THE SHARE PRICE BEING AT THIS MOMENT IN TIME HIGHER THAN THEY MADE THEIR FORECAST. |
Jefferies sees downside risk at Auction Technology Group |
 meanwhile in "fantasy land" Jefferies sees downside risk at Auction Technology Group
[...]
Jefferies has kicked off coverage of Auction Technology Group with an 'underperform' rating, saying it sees continued downward pressure on consensus forecasts.
The broker has given the stock a target price of just 380p, compared with Wednesday's closing price of 445p.
Jefferies said that total hammer value (THV) declines have continued to accelerate in the second half ended 30 September, worsening across both the Arts and Antiques division (A&A) and Industrial and Commercial (I&C).
Meanwhile, the broker said that "unfavourable characteristics" of the I&C market suggest that the company will struggle to expand take rates (marketplace revenue as a percentage of total auction sales values) in line with others in the sector.
"We expect negative THV trends to become more visible on 28 Nov (FY24 results) and FY25 guidance to come in lower than expected. A lack of progress on marketing, payments and shipping should become increasingly apparent over the next 12 months, as progress fails to meet expectations," Jefferies said.
The stock was down nearly 7% at 415p by 1100 GMT.
Berenburg started covering this share earlier this year amongst others |
They call this a trading update? Either they are hiding something or the accounting department is incompetent. At least we know group sales were flat. |
Hybrasil, dead right. |
See my post of August 2023.
This is still massively over valued by any metric.
It has a lot further to fall |
Can't figure this one out. Last two reports were second rate, and nothing happened, there was even a little rise. Now the price is falling again and on good turnover, but no announcement from the company to start it downwards. |
niggle, the price is nose-diving and no announcement, just as you said. |
Amazing how news leaks out before the poor retail investors get to know isn't it? |
Half year figs as expected. Not too good. |
Trading Statement notable for what it is not reporting, profit margins,reduced commission rate. Even so sales stagnant, hardly a tech wonder. |
How can the company be pleased with a 3% increase in lfl sales. No mention of profits or margins I note. |
Blackrock and Jupiter selling. And now the Chairman, Breon Corcoran, has wandered off. Well maybe not completely, he's non-exec, but he has taken a very big job, CEO at IG Group. ATG is not going to be in the forefront of his mind. |
Blackrock are selling, it's taken them a while to see this disaster. They should get help from reading this analytical news site called advfn. |
Yet another Tip Sheet disaster. |
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