- Joined
- 27 June 2010
- Posts
- 4,213
- Reactions
- 331
Just stumbled across AKP while looking through the consumer discretionary sector. Am I missing something Country Lad? How is it that what seems to have only been a ~US$3m purchase for an Israeli technology has turned this former real estate investment co into a $130m market cap technology stock? And it is somehow in the consumer durables & apparels sector.
I can see how the new digital speakers might be a really excellent technology. But then why did the former owners (who presumably developed the technology) sell out for so cheap? Or did the company just get a really really really good deal...
It is not for the faint hearted - they tell you nuthin' and very thinly traded.
May be time to look at AKP again. I bought in 3 years ago, price has now jumped to $9.20
Has to be some reason for this.
Thanks for letting us know when it's too late.: A fine friend you are.
With a name like Pixel, I should've been a holder at least since March! Yet nobody told me!
View attachment 59134
Going on the Weekly chart, it's probably too late to join now; 200% of a 1-year trading range is often a reversal point; so I'll keep an eye out for a pullback - if and when and how deep.
View attachment 59135
Sorry Pixel... If you read the information and watch the presentations about Audio Pixels then you may reach the same conclusion that I have, which is: if this chip actually works and does what they say it can do, then it is a game changer in the audio market. Protected by patents, Sony is involved in the R & D, the share price could be anywhere. I'm not a licensed financial advisor, just a believer in AKP. I've drunk the Kool Aid.
There are only 25.7 million shares, very tightly held. Four years ago they were as low as 20 cents. If this technology works, the market is staggering. There are 1.5 billion mobile phones sold each year alone, that's before you talk televisions, radios, stereos etc
If you read the chairman's report at the last AGM, he talks about a series of demonstrations of the chip - that's what we're all waiting for. If it works as planned, whoo hoo !!
If not, bugger, and you 'll definitely see a price reversal. For me, the risk/reward profile is what it's all about.
Now $12.80 - up $2.68
Will they get a speeding ticket?
I have to admit though: I'm feeding some of my shares back in at these levels. Simple Maths: Sell 80% at 25% profit, and the remaining 20% are free carried.
Re.Welcome to the latest fad on the ASX. MEMS!!! :jump: :bananasmi
Code | Last | Market cap | Cash in hand | Revenue | R&D spend| NTA | Price/NTA |
BCP | 21c | $23.5m | $610k | $42k | $404k | 0.76c | 27x
AKP | $13.2 | $339m | $2m | $104k | $1.72m | 20.8c | 63x
PSY | 28c | $132m | $1.2m | $0 | $745k | 0.4c | 70x
SMN | 48.5c | $46m | $236k | $100k | $500k | 0.3c | 161x
Sometimes the market is like a little kid... tell it a semi-interesting story (with dragons and wizards and princesses, sprinkled with words like nano, cloud, potential, market application etc) and people will run head first into it. It's a combination of dreamer, greater fools and those smarties who feed on the greater fools.
Edge, P.S. Nothing wrong with trading and profiting from it... just don't plan to pass them onto your grand children
but ... if you know you want to break the limit, you can request a Reg_Halt to have the exchange reset the limit so you can trade higher….
Limits are usually based on opening price for the day and depending on the value of security, they have defined ranges they can move
The IP is protected by patents
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?