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APY New Aquisition, page-92

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Romann

2,837 Posts.

457

13/01/16

11:13

Post #: 16785207
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Originally posted by Lincoln Burrows ↑

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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hey mate, is there any chance you could please post the broker report for WKT in the WKT forum? If so it would be much appreciated. If not, well, no hard feelings

PS sorry to hijack guys

Last edited by Romann: 13/01/16

APY Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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