Just looked through APY's top 20.
Pros:
- Huge accumulation by the Whiddon Family past 3 months with an estimated 10% holding of the company
- Jay Hughes (Executive Director of Euroz) holding 5.45% of the company
- Stephen Dobson (experienced professional in telecommunications & information management industries) holding 5.5%
Cons:
- MC trading at $11.5 million currently, cash estimated to be between $6 - 7 million, meaning current EV around $4.5 - 5.5 million... i understand that there will be further cash coming in from final sales? The question will be - is the current EV worth the buy based on speculation?
- Deustche Bank (previously a 4.6% holder) selling their shares on market in the past month, as shown in broker trades below - the question will be, how much more distribution do they have to go?
My own thoughts - it's all a matter of speculating whether a deal is near or not. I think is that companies with a fair amount of cash will perform DD thoroughly and timely, so there may be opportunity to pick up APY shares at a price lower than this depending on how many shares Deustche Bank has left.
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