ASV - Argus Solutions
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tech/a
No Ordinary Duck
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Re: ASV, where's it going?
I dont hold them but this seems to be a new issue.
The cold hard facts are that the market doesnt see them as a good value buy for whatever reason.
From a technical view any trading under 16.5c and I'd be very concerned.
Then again if an issue trades below its float price from day 1 then I'd be out faster than I could type in a sell order.
One reason I don't buy floats---no history only what you believe from the sales pitch/broker pitch.
With a 33% loss so far ouch!!
But 50% is #^&*K me!
I dont hold them but this seems to be a new issue.
The cold hard facts are that the market doesnt see them as a good value buy for whatever reason.
From a technical view any trading under 16.5c and I'd be very concerned.
Then again if an issue trades below its float price from day 1 then I'd be out faster than I could type in a sell order.
One reason I don't buy floats---no history only what you believe from the sales pitch/broker pitch.
With a 33% loss so far ouch!!
But 50% is #^&*K me!
Re: ASV, where's it going?
Thanks tech/a for the reply and I think u r fairly spot on with what you say. New floats have that >risk factor. I'll have to debate with myself whether to hang in there or sell. Trouble is I believe in the concept of the company, maybe my first mistake.
Thanks tech/a for the reply and I think u r fairly spot on with what you say. New floats have that >risk factor. I'll have to debate with myself whether to hang in there or sell. Trouble is I believe in the concept of the company, maybe my first mistake.
tech/a
No Ordinary Duck
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Re: ASV, where's it going?
Tric.
You maybe right about the company.
But this may help.
Sell weakness---
Buy Strength---
You can always re-enter when the stock looks as if 1000s agree with you.
If it goes to 16c then I dont think you have a great deal of investors/traders who concur!
tech
Tric.
You maybe right about the company.
But this may help.
Sell weakness---
Buy Strength---
You can always re-enter when the stock looks as if 1000s agree with you.
If it goes to 16c then I dont think you have a great deal of investors/traders who concur!
tech
ASV - Advanced Group Merger/Buy out
Recently, Argus Solutions (ASV) announced the intent to buy, through a stock swap, the Advanced Group of companies.
They've since been suspended, pending an analysis of Advanced Groups 05/06 finances. It was expected this would take 10 working days. The stock has been suspended for three weeks now.
I'm not too worried about the suspension - as it was requested by the company. But what should I suspect upon its reopening and further more, if the merger goes a head? Is this a good thing? It will probably put Argus into positive net earnings for the first time in its life in consecutive financial years - so from that point it looks good... but is there more too it? What should I be looking at to assess whether this is a good move for ASV!?!
I guess It'll just wait till the financial report/analysis for the Advanced Group is finished.
Cheers.
Recently, Argus Solutions (ASV) announced the intent to buy, through a stock swap, the Advanced Group of companies.
They've since been suspended, pending an analysis of Advanced Groups 05/06 finances. It was expected this would take 10 working days. The stock has been suspended for three weeks now.
I'm not too worried about the suspension - as it was requested by the company. But what should I suspect upon its reopening and further more, if the merger goes a head? Is this a good thing? It will probably put Argus into positive net earnings for the first time in its life in consecutive financial years - so from that point it looks good... but is there more too it? What should I be looking at to assess whether this is a good move for ASV!?!
I guess It'll just wait till the financial report/analysis for the Advanced Group is finished.
Cheers.
Out Too Soon
My real name is King Julian ;)
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Re: ASV - Advanced Group Merger/Buy out
I hope you didn't buy in to this at 8c like I did offloaded most of them recently in frustration so now finally something is happening. sp still hasn't moved tho (wont now with trading halt)
So any news has got to be good news, I'm just impatient, hence my name
I hope you didn't buy in to this at 8c like I did
offloaded most of them recently in frustration so now finally something is happening. sp still hasn't moved tho (wont now with trading halt) So any news has got to be good news, I'm just impatient, hence my name
Re: ASV - Advanced Group Merger/Buy out
Nope. My buys average out at about $0.0465. I'm hoping for the best :/ - In any case, i dont think this is something that will hurt my position - i'm just not sure how good its going to be. It would be nice to break the 5c mark. I think they could do that. If after a merger their profits increase as i suspect they should, then they could be a good longer term prospect.
They announced today (opps yesterday), 13th October, that they expect their financial analysis of the proposed combined businesses to be completed by end of october and further more an analysis of the profitability of such a merger by the end of october as well. When they release said items, they'll be re-listed.
More info: http://imagesignal.comsec.com.au/asxdata/20061013/pdf/00656441.pdf
Out Too Soon said:I hope you didn't buy in to this at 8c like I did
So any news has got to be good news, I'm just impatient, hence my name
Nope. My buys average out at about $0.0465. I'm hoping for the best :/ - In any case, i dont think this is something that will hurt my position - i'm just not sure how good its going to be. It would be nice to break the 5c mark. I think they could do that. If after a merger their profits increase as i suspect they should, then they could be a good longer term prospect.
They announced today (opps yesterday), 13th October, that they expect their financial analysis of the proposed combined businesses to be completed by end of october and further more an analysis of the profitability of such a merger by the end of october as well. When they release said items, they'll be re-listed.
More info: http://imagesignal.comsec.com.au/asxdata/20061013/pdf/00656441.pdf
For the last 7 or say days, this stock has been going up. At the start, i thought it was one invester pushing the value higher in the hope he'd spark something.... If thats the case, perhaps he's on to something..
Otherwise know i think it may have something to do with major investors increasing their stock? Very strange..
High prices and low volumes :|
Otherwise know i think it may have something to do with major investors increasing their stock? Very strange..
High prices and low volumes :|
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