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ACX - Aconex Limited

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Joined
27 June 2010
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Aconex is a leading cloud collaboration platform for the global construction industry. The Company's platform enables over 50,000 user organisations worldwide to collaborate across the lifecycle of construction projects, from planning to delivery and operations.

Aconex delivers its platform using a Software-as-a-Service (SaaS) subscription model. The Aconex platform is accessible on a worldwide basis, 24 hours a day, via desktop, laptop, tablet and mobile devices.

http://www.aconex.com
 
Hello everyone! First post and first day being an investor. I purchased some shares this morning in this company , i read over the company prospectus last week and loved the goals set forward and details of how this organisation was going to increase its marketability by ' penetrating ' various countries . " this to me,means a larger saturation of the brand" which hopefully increases profit .The way these guys held off on the first IPO predicted earlier in the year informed me that the board wanted to consolidate everything and be 100% on the right path before taking the big leap.I guess what I'm trying to say is this move forward means growth! And with a 3year track record of moving up 20-30% financially each year with 60% of the construction in aus-nz already under their belt, This sets a great base for nailing tenders globally and being listed on the ASX just provides future clients with the foresight of transparency .Anyways thats how i was able to rationalise buying some shares this morning haha. i hope I'm on the right track as with all things time will tell!!
 
Ok im interested...makes perfect sense, floated at $1.90 and closed at $1.80

AFR said:
While a slew of internet start-ups have hit the boards over the past 12 months, Aconex is notable as the largest loss-making technology company to ever list on the ASX.
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[video=youtube_share;4dFajd0eOtU]http://youtu.be/4dFajd0eOtU[/video]
 
I entered back in December at $1.80 - stock went sideways for a few months then took off a few months back, $2.79 today...so many of these "blue sky" internet stocks are doing well.
 
So_Cynical said:
I entered back in December at $1.80.
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Sold a few today @ $5.01 (173% profit) figured a little profit taking couldnt hurt and it was 12 months and 1 day since the purchase so get the 50% CGT discount, kept most of my shares as its still going up, looking at the all data chart - it's a very consistent trend.
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WOW intra day high so far of $5.70 with no announcement, something must be going on.
 
skc said:
It's called thin holiday trading by breakout traders!
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Yep probably one of the reasons.

The other theme in the financial press lately is the rotation from yield to growth stocks. Especially the "potential ASX200" or "future stars."

A few of these "growth" stocks have ran really hard lately. I'm sure some of the brokers / instos are talking them up.

Interest often leads to chart moves, which leads to even more attention and so on.

Looks very pretty for a while.
 
Those "damn" break-out traders should be on holiday spending their hard earned gains instead of playing in this market.

I looked at today's sales and there wasn't very much volume done at those high values at all. However it does show that there aren't many sell orders in the market on this stock. Today's price action is a good attention grabber and this might attract a few buyers in the next few weeks. The probability of higher prices to come is now higher than 50% (IMO).
 
So_Cynical said:
SSP $5.20 the same price as the recent 120M placement, funds to go towards the Conject purchase and working capital...Ill sit this one out.
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On second thoughts

Intraday high of $6.79 - SSP shares available at $5.20 and only 1025 shareholders, some chance the SP will hold up once the new shares hit the market on April 20.

Beep beep beep, think ill load up on this
 
peter2 said:
Those "damn" break-out traders should be on holiday spending their hard earned gains instead of playing in this market.
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Just booked business class to Europe and America last week, leaving on 5th June, does that count
 

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Nice timing Morgan Stanley.



Oh... and they assigned a 80% probability of being correct.

Share price down 42% and still falling. On a positive note, they still have 29 days to catch up.
 
Can't wait to see Morgan Stanley banner ads on Hotcopper

"Is this the stock that will triple your money in 30 days? Click here and find out!"
 
skyQuake said:
Can't wait to see Morgan Stanley banner ads on Hotcopper

"Is this the stock that will triple your money in 30 days? Click here and find out!"
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The shorters got this one right didn't they. 16% shorted... founder/director selling like made. The signs were there.

Did you have borrow on this?

I also like how ACX decided that they need to make 2 other announcements throughout the trading day. Everytime it went Notice_Received everyone was like... what else do you want to announce that you couldn't announce in a single filing?!?! There's no word limit to announcements AFAIK.
 

No borrow, not even with CFD guys.

And to think the hedgies were comfortable at getting to 50 days to cover before all this!
 
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