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A1N - ARN Media

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APN has been in a Trading halt since late last week while a proposed capital raising is worked out, Anyway that was the boards plan but now the bulk of the board has resigned due to the fact that the largest shareholders don't want a cap raising... don't want to throw any more money at this, and im in total agreement with them...CEO & MD also gone.

Today's ann

http://www.asx.com.au/asxpdf/20130218/pdf/42d30qqr2q43z5.pdf
~

I suppose an asset sale or break up is on the cards? :dunno:
 
Competitive advantage, as McLovin mentioned.

Whats all the volume about?

CanOz
 

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It certainly attracts some big stopping volume.

Short term breakout potential IMO.

Ever done any back tests on hammer bars with volume, Canoz?
 
CanOz said:
Competitive advantage, as McLovin mentioned.

Whats all the volume about?

CanOz
Click to expand...

Only took 10 months for the rest of the market to realise. The restructure is a great step for this company. Still a fair bit of debt but the radio assets (and radio generally) have proved incredibly resiliant through the last few years (in what has been described as the worst ad downturn in 40 years), and I think the newspapers were being priced like they were going out of business, even though they are still very profitable. Of the two assets, Outdoor and radio, I was always of the opinion that radio was what they should hold onto. Big payday for McL today. Not only do I get the pop from SP, but I've also got a 5 for 9 entitlement issue at $0.36/share, and I'll be applying for as much as I can get.
 

If i had known i would of gladly sold out today and taken the loss, really should pay more attention...i think the Outdoor business was the jewel in the crown and was of the opinion that radio and print were the dogs.

Anyway come Monday the shares will be straight down to the issue price i would think...or perhaps im missing something. :dunno:
 

Nice work. It's very difficult to hold against consensus. This thing is moving around like a bitcoin in the last few sessions... Somehow I didn't place a single trade.

So_Cynical said:
Ok so didn't actually trade before the ex date? so why did 42 million shares (6.4% of the company) change hands today?
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No it goes ex-right the same day it came out of the halt. My chart showing just 8m shares traded so the rest of the volume is some sort of block trade by the looks.
 
skc said:
Nice work. It's very difficult to hold against consensus. This thing is moving around like a bitcoin in the last few sessions... Somehow I didn't place a single trade.
Click to expand...

Thanks. Surely there is a short when the retail part of the rights issue is completed? I imagine there will be a few punters happy to take the free money!
 
McLovin said:
Thanks. Surely there is a short when the retail part of the rights issue is completed? I imagine there will be a few punters happy to take the free money!
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Yes... logically I agree but my own ancedote observation is that it doesn't offer too much of an edge. I am often the retail holder who sold out only to see the stock keep moving in the same direction as before.
 
I ended up taking up all my allocation and the extras in the recent (0.36) rights issue, scraped together all the spare change i had to do it and it has paid off so far, APN closed at 0.71 today and my (tax loss) sell order was filled.

The 4K (62%) loss on the shares i sold is painful but at least the tax man shares in my loss and as such my tax bill this year will be greatly reduced, i sold a little less than a third of my shares and that has put my whole APN position into substantial profit

First time for everything.
 
Just for completeness, I sold my last parcel of these last week after the HY report.
 
I picked APN as my Stock Tipping pick this month. I'd like to explain why. I'm thinking of buying some if certain price and volume targets are met.

A chart, 6 months, with volume and an RSI.



For the six months prior to this chart it was in a hefty down trend from about $1.10 to settle in the .45 to .55 trading range, give or take a few cents. It has now dramatically changed it's business model as reflected in the recent rise.

I trust it will come back in to the trading range and if it does I will be watching the RSI and the Vol very closely for an indication that it will kick up smartly to an uptrend.

If I entered and if my expectations were met it would be not far above or below .55, with a stop loss at .50

Then again it may continue up earlier and I may be forced to re-assess or watch it fall, if it charges down through .55, depending on volume and the RSI.

gg
 

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I am still accumulating information as to when to enter, APN, if at all. The chart from 9th March when I posted above seems to be dynamic, as it has updated itself. Thanks Joe for that facility, unavailable on other forums.

The volume is starting to pick up and the RSI has stabilised. In the present uncertainty I may wait until APN goes through 60c and do a traditional trade with rising volume if that is to be, and the breaching of a higher high. Then again I may not.

Trading is just so interesting, particularly when value starts to come back in to stocks.

gg
 
Quite an interesting first seven seconds to the market today in APN. Over 900,000 traded at 56c. Looks like sellers but it may be the beginning of a larger move. ? Up ? Down.
 
Garpal Gumnut said:
Quite an interesting first seven seconds to the market today in APN. Over 900,000 traded at 56c. Looks like sellers but it may be the beginning of a larger move. ? Up ? Down.
Click to expand...

Option expiry day and first session since FED meeting so expect some big volumes all over the place.
 
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