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14-04-2016, 09:20 PM
#171
Buy on the rumor and sell on the fact
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14-04-2016, 10:27 PM
#172
Originally Posted by babymonster
Buy on the rumor and sell on the fact
Profit taking..not to worry if u r a long term holder...
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14-04-2016, 11:17 PM
#173
Member
Am I missing something for today's share price? The companies employees have taken on more shares after a stellar ACMR increase
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15-04-2016, 09:49 AM
#174
Originally Posted by Jinx
Am I missing something for today's share price? The companies employees have taken on more shares after a stellar ACMR increase
Jinx, this is my understanding. There's two types of shares. Ordinary and those in escrow (which basically means in this case ones that couldn't be sold yet). Together, ordinary and escrow make up all of the shares on issue. Previously 30.027% of all the shares issued were escrow shares. After this announcement, approx 1.5% have come off escrow and can now be sold (leaving 28.578% on escrow still). So all that has happened is they have changed designation from escrow to ordinary shares. The total number of shares on issue has not changed at all, just their designation.
It gets a bit confusing because the total number in class and total number of shares appears to have changed. This is because they've gone through a 1:4 split. Ie for each share held at the last disclosure (Oct 2015) everyone got 4 shares instead. If you multiply the total in class number in the last announcement (Oct 2015) approx 57.7M x 4 = 231M (231M is new announcement figure). So the total issue hasn't changed at all. 1.5% of the escrow shares are now ordinary shares which can be sold on market and the total holding got multiplied by 4 in an earlier split, just to confuse people like us.
This could explain the drop in price, 1.5% of the shares can now be sold and people are cashing in on the great progress. Who knows. A big thing to consider is approx 25% of the shares come off escrow on 31 July.
Hope that helps.
NBT
Ps here's the annoucnement link https://www.nzx.com/files/attachments/233707.pdf
Last edited by nextbigthing; 15-04-2016 at 09:53 AM.
Reason: link
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17-04-2016, 10:30 AM
#175
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19-04-2016, 02:31 PM
#176
Originally Posted by Jinx
Thanks nextbigthing, very in depth and well explained answer!
Friday was the end of the sp dip by the look of it, do we think it's on it's way up from here?
Don't think so, looks like someone want to get out pretty desperate...
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19-04-2016, 02:31 PM
#177
Member
Originally Posted by Jinx
Do we think it's on it's way up from here?
Jesus down 12% so far today, any guesses on where the bottom will be :o
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19-04-2016, 02:32 PM
#178
Originally Posted by Jinx
Jesus down 12% so far today, any guesses on where the bottom will be :o
Donno, had it under my radar for a while. Think might stay out of it for now.
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19-04-2016, 08:27 PM
#179
Under 2 is more reasonable
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19-04-2016, 10:38 PM
#180
Member
Originally Posted by babymonster
Under 2 is more reasonable
There has been nothing but outstanding positive news since November 2015, where the price was $8 ($2 per share after the split). What makes you think the price should be back at Nov15 prices?
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