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APN - APN News & Media

Discussion in 'Stocks 0-H' started by GreatPig, Jan 3, 2006.

  1. GreatPig

    GreatPig Pigs In Space

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    A double bottom forming here?

    Cheers,
    GP
     

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  2. Spiker212

    Spiker212 New Member

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    Re: APN

    Has also crossed down trend line since mid June, has bounced off reasonable support line and weekly MACD has turned positive. These are positive points in my trading plan and APN is on my potential trade watch list. Nice to see some volume come in and then I am in.
     
  3. RichKid

    RichKid PlanYourTrade > TradeYourPlan

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    Re: APN

    Looks nice GP, a buy near that support area for the double bottom would have been great, looks like a Wave 5 commencing in terms of EW- but then again I'm just starting EW stuff so I may be wrong.
     
  4. slimtrader

    slimtrader Member

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    Re: APN

    Have also been watching APN for about a week now. Larger sell volume at 483 yesterday could not be cleared. Could pick up once it break through 485.
     
  5. sarahmeehan3

    sarahmeehan3 Member

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    apn

    Looks like a breakout occurring with apn.

    i do not hold any shares, i am saying this from a technical point of view looking at my charts. they have a buyback system inplace at the moment.

    i will keep this one on my watchlist from an educational point of view.

    regards

    sarah
     
  6. Garpal Gumnut

    Garpal Gumnut Well-Known Member

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    Does anyone have any views on the takeover offer from Independent Newspapers for APN. It has been trading above the offer price. $6.15 at close yesterday vs $6.05 offer. Are there any blocking moves to this deal or other players? Garpal
     
  7. Garpal Gumnut

    Garpal Gumnut Well-Known Member

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    Another great Aussie Company going to the Irish and Poms for less than its worth, and the Australian Directors agree to a break fee. It defies logic. Why sign a break fee if there are no other likely buyers.

    Garpal
     
  8. many@k

    many@k Member

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    just dropped 20% in a minute then bounced back in the same minute???
    Hit my stop loss on the way down then got back to its normal trading range.
    please explain??//
     
  9. skc

    skc Well-Known Member

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    Around $1.93 was an obvious place to put a stop loss and it was tagged, causing a cascading stop loss orders...

    Try using a broker with stop limit orders that can reduce the damage in situations like these.
     
  10. plankton

    plankton Member

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    What was your fill? I copped 182 but it went down as far as 168, someone is really unhappy right now.....
     
  11. ojm

    ojm Well-Known Member

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    I copped 171. Harsh. Pretty annoying, but nothing you can do about it. And you don't want to use stop limits.. what if it kept dropping?
     
  12. plankton

    plankton Member

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    I checked the course of sales and I actually got filled on the bounce up before it fell again before bouncing back to trading range, I use Market + stops ie 5 steps from the trigger price so potentially if it crashed off the first decline I would have been exposed as I wasn't filled on the way down. Bit scary.....:eek:
     
  13. So_Cynical

    So_Cynical The Contrarian Averager

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    I added APN to my portfolio today at 1.945 ~ the 2 year chart indicates that buying at under $2 has been profitable before and i cant see any reason why this time would be any different...my first and probably only media stock, i figure APN is better positioned than most to cope with the change that mobiles and the net is bringing to the industry.

    APN has diverse revenue streams, Radio, Print, outdoor (billboard) advertising with about 60% of that in AUD and the remainder in NZD...year on Year pretty much everything has improved for APN, profit, EBITDA, revenue all up while debt has consistently fallen Half on Half since 2008.

    APN didn't tick all my boxes but did tick enough of em to get me in, especially when the SP fell a little later in the afternoon...i could really get used to staying at home in front of the computer all day, back to my real job next week. :)
     
  14. skc

    skc Well-Known Member

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    Whipped up a chart for you, So_C (since you love technical analysis so much ;))

    The share fell from $2.54 to $1.8 between May and August. In particular the Aug profit report was not well received by the market. A lot of choppiness in the recent recovery. Share price now sitting at support around current levels. Overall the price chart is still in a down trend. Supports at $1.8 and $1.5, and resistance at ~$2.25 then $2.5.

    I am guessing a small rise back above the peak last month of $2.05, but not by a great deal (i.e. the all powerful predictive dotted line :)) Beyond that it is probably just at the mercy of the overall market.

    Believe it or not these guys were the subject of a private equity takeover bid at $6.0 back in 2006... not sure there has been any interested parties since.
     

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  15. So_Cynical

    So_Cynical The Contrarian Averager

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    Thanks for the analysis & chart...i brought the Smartinvestor magazine for the first time a couple of months back and they had a little write up on APN, the author was recommending it back then when the SP was like 2.20 or so, i put in on a watchlist and read back over there announcements etc....watched it fall to $1.80 (i had no funds :() needed to buy something yesterday and APN fell the most outa the 5 candidates. :rolleyes:

    APN pretty much have a billboard monopoly in Sydney and i assume all Aussie capitals and NZ, i travel to work on the train and those billboards carry an amazing array of advertising....Harvey Norman, Coke, Water, Schools, Gambling addiction, Chinese Holidays, Toyota's, watches, Erectile dysfunction....its all there, and always will be...its cheap, simple, one dimensional advertising that's available to the masses....great business.

    Radio, well everybody listens in the car or at work and APN's regional NZ stations are i believe there a monopoly in many areas, as in there the only commercial operators...same with there regional Australian & NZ newspapers, APN prints the local paper in a lot of places where there the only local paper, and then there's the The New Zealand Herald, the major daily.

    Lots to like about APN.
     
  16. wombat40

    wombat40 Well-Known Member

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    What the heck happend to APN today...the ass dropped out of it and then recoverd almost immediately.
    someone playing funny buggers, stop loss raid or what? i was taken out early on..

    range of 22c in early trading which it hasnt done before on my chart
     
  17. So_Cynical

    So_Cynical The Contrarian Averager

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    Today's 1.68 low was a big surprise for me...must of been one of those rare occasions when all the buyers at a realistic price get taken out by a heavy sell order or 10 :dunno:

    Certainly doesn't fill one with confidence.
     
  18. skc

    skc Well-Known Member

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    Another flash crash... happens a fair bit these days. Just someone silly enough to sell a large enough volume on market.

    I actually had a choice on Wednesday to short APN or NWS... and went with NWS :banghead: because of my silly analysis on APN suggested that it was going to float up a tag (and it did by end of the day).

    Some lucky person got them at $1.68. Some poor guy sold them at the same price.

    Zero sum game.
     
  19. So_Cynical

    So_Cynical The Contrarian Averager

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    Yep .. i had a look at the trades after i posted and it was all in the first 3 minutes of trading...some nut selling at market simply took out all the buyers sitting in the que. :rolleyes:
     
  20. sinner

    sinner Well-Known Member

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    One month on, are you still bullish on this stock So_Cynical?

    It popped up on my radar over the weekend as XAO posted up, Cons Disc as a whole posted down and this stock posted up.

    Last week we had a nice low volume test of 1.8 so I view this as the line in the sand for bulls and bears to fight over.

    Picture 1.png

    For now the stock remains in a clear down-trend and I view a move lower as the higher probability.
     
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