Dona Ferentes
Abrió la caja, vio al gatito, y sonrió
- Joined
- 11 January 2016
- Posts
- 15,592
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- 21,197
Putting in August comp as it closed low today at $0.10 ..... no other reason
Not a good enough reason.
You know I'll just use ChatGPT to win that argument.Not a good enough reason.
Go to Headmistress to have your botty smacked.
Canberra based company, gg. Could be work experience interns.appear to be two having a joint secretaries with just two non-dodgy degree letters after their names. So many letters just for paying the consigliere and having the courses paid for.
As my Aug comp entry, onward and upward, I say.massive $10,339.33 traded today.
now 14c ... picking up a few contracts ...non-material but in defence sphere.Putting in August comp as it closed low today at $0.10 ..... no other reason
My turn to carry this little doggie for a while @Dona Ferentes .no longer in my portfolio, as I sold the rump holding late Nov,
..... a bit of buying but based on what?
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Started selling my 30,000 @ 0.14
Might take days at this rate.
I haven't followed the company meaningfully but I get the vibe that they are not meeting their early promise with results. All their contracts that dribble in amount to chickenfeed and are probably getting eaten up by the high salary scarce talent. My notions not to be taken seriously, just mentioning my motivations.
You two "colourful identities" Finicky and Dona have put your fingers on the problem. There are problems with this little doggie in that their board don't seem to have the ability to manoeuvre AR9 in to a position where expansion is possible internationally nor maximise the profits on their additional addons to their core assets. Similar to CVN prior to the recent shakeup.watchful waiting ... but, yes, in terms of achieving its potential, what is to be done?
"The CVN of the tech world" .... I like it.
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the sheer challenge of dealing with department chiefs and committees and opaque decision making processes seems to inhibit the "value add strategy" making anything other than glacial progress .... their board don't seem to have the ability to manoeuvre AR9 in to a position where expansion is possible internationally nor maximise the profits on their additional addons to their core assets.
They do have the ability to convert oppies to themselves.
They do have valuable software which is getting older by the day in a significant sector IT/Defence which makes me fear competitors and wonder whether they have the ability to add on and value add or to become significant globally .
They do have a global COO on the back of an acquisition 3 or 4 years ago. (Everyone claps.)
Their CEO Daniel Lai seems like a good fellow, he travels a bit and reports back now and then on how sad he is that the SP of AR9 languishes and wonders why.
All in all a depressing story which sounds as if some stallion with a tackle full of orchitis free oomph needs to get under them to be more strategic and business like in their approach to managing an ASX listed company.
Then I am a mere shareholder.
gg
you may have noticed just a bit of buying today ... $50k worth, pushing it higherMy pick in the Feb 24 competition.
A low capitalised IT company with a security/share program for docs and activities in the Defence and large company space. .
you never know ... back in the positive, at least ... at equal 7that about 10c. atm, a move up to 14c will give me 40% and a chance of a win in the comp.
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