Y Thank jezzy really good take on where ACU is. Not many point...

First 14 Last

Share
Profile

Follow
tcisboss

13,252 Posts.

30/11/15

15:57

Post #: 16511379
Share

Originally posted by Jezzy ↑

I understand the sentiment in Japanophile and 77's posts above.
A few points to make:
ACU had great market interest at launch and massive churn. Unfortunately, the previous management (Nigel Lee only been head honcho for 2-3 months now) coolant get act together and nothing was delivered for 5 months resulting in SP slide to low of 7c
The company was too green to have listed when it did. RTO should have been 5 months later than it was.
The bottom line is that the business has enormous potential, just the execution has been slow. BUT, Nigel Lee et al have been hitting their straps and we have seen progress over the past two months or so.
More importantly, the market has begun to see and recognise this as evidenced by the recent increase in volume and SP spikes.
That gives me confidence and I think we will get there again for sure and even surpass.
There has been no "insider knowledge" from Fosters or its clients, and they were not responsible for selling down to the lows, since at those levels even RTO participants were underwater. That was just fault of past management and previous holders who just gave up hope.
I think we are looking at a new dispensation since Nigel has come on board. There is clear progress and demonstrable execution of the business plan. Hence my decision to hold and even to participate in the upcoming CR (which isn't at a major discount to present price - but I feel we now have the intelligence that the co is starting to execute the plan and market has noticed)
cheers
J

Expand

Y
Thank jezzy really good take on where ACU is. Not many point out negative and positive. Catch 22 with cap raise if you overspend and quarterly shows it everyone knows what's coming and sp dives. At least now they will have enough cash till august (guess) and are funded to move into where I believe the money is for acu, recurring church donations.

ACU Price at posting: 14.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply