(Jul 28, 2015) Yep still holding, pretty good timing on my part, i really like the way MLB treat their holders, my kind of stock.
Was thinking about selling down this week with the 1.90 high, this stock does tend to go up and down a bit...looking at the 1 year chart - it's a very steep rise, unsustainable i would think.
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Rebound today for ARQ Group after a miserable 12 months that saw its share price decline from a high of $3.72 to a low of $1.63.
Revised Guidance
Market conditions in the Company’s Enterprise division have softened markedly and it has become clear that forecast revenue growth for the second half of 2019 will not be achieved. Cost reduction initiatives will be insufficient to offset the revenue shortfall.
As a result, Group underlying EBITDA is expected to be in the range of $16.8m to $19.3m (compared to previous guidance for the Group of $27.0m to $30.5m).
Huge downgrade from Arq Group today. CEO Martin Mercer steps down.
It reminds me of an IT company I was involved in years ago, called Candle, later became Clarius, started out at around $3 paid a dividend really well run, slowly ground down to nothing. Really sad from memory.
You should have heard me today!!!Ever since it has changed its name from MLB to ARQ I have been yelling something that rhymes with arq every time I see their SP.
It reminds me of an IT company I was involved in years ago, called Candle, later became Clarius, started out at around $3 paid a dividend really well run, slowly ground down to nothing. Really sad from memory.
The selling was accompanied by big volume - someone dumping, an incredible decline, 3.70 to 30c in under 2 years with no fraud or any kind of funny business.
When you look into the detail, there is a viable alternative out there and I do not think they have fully explored them in the domestic space. Instead they have taken the easy way out, he told The Australian Financial Review. They are throwing the baby out with the bath water without exploring domestic opportunities ... The debt piece is what needs to be negotiated on, so you need to negotiate with the domestic banks here ... but then if there's a local player that can implement change and drive business outcomes, the banks stand to win because they can recover a fair portion of their debt.
A business turning over close to $100 million should be able to make money,
Mr Chapman said. [The turnaround fell over] thanks to basic business stuff. They sold their core asset, went into the digital market space and they didn't have the skills, knowledge or capability to do so. ..They also spent $9 million on an office fitout, instead of paying down debt. They do not have the money to burn on that stuff.
With a second wave of COVID-19 decimating the Australian economy we need to protect existing jobs more than ever, he said. The current move on Webcentral is a COVID 19-driven opportunity. Australian companies need to be protected during this period. I am getting involved because I believe in the company and I think it has a great future under new leadership.
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