Hey Pixel.....get onboard the AKP train.... I told you, I told you... Yes, it took a bit longer than I thought, but I'm on board with a very decent sized parcel. This is retirement for me....plus an Aston Martin DB9
Back to home base. Today's volume spells trouble. And no announcement yet ...
View attachment 60447
... this Pixel isn't holding any; nor buying at this time.
I think its clearly a high risk speculative company, I remember stumbling across them a year or so ago and then being amazed by the run they have had on basically blue sky.
The price has certainly run way, way ahead of any real results, like any speccy, if it comes off and they really start to generate income then maybe the price will be justified, if not I guess it will be ugly - its a long way down from $13!!
(my back of an envelope calculations suggest that for an IV of $13 AKP would need to have an EPS of around 75c which would equate to a NPAT of about $20m - a hell of a turnaround from the current losses!)
The scary thing for me is the psychology of gamblers who are buying in at the current prices, thats a special kind of optimism!
Have you seen the latest stock price ? Yes, took a bit longer than I thought, but I still have a very decent sized parcel, and I will not consider selling below $100
Have you seen the latest stock price ? Yes, took a bit longer than I thought, but I still have a very decent sized parcel, and I will not consider selling below $100
Can you explain why you believe this stock will go to $100?
I have never bothered looking at them again, are they still are highly overvalued speculative company or is there now a positive free cash flow?
See my response to Triathlete. This is an unusual company, one of a kind. They have never gone to the market for money, if any cash is required, the directors put up their own cash. Check out the top 20 shareholders. This is no pump and dump, only 27 million shares, very tightly held. They have a product that has no competitor. Make your own decision, I already have.
True, it's very speccy. But I like the technology and own some AKP myself. Small posi, speccie rules.
Hold/ Add/ Stop depending on where they take it wrt the D-Boxes.
In support of the optimists among us holders:
The weekly chart below shows a breakout of the 4-year trading range, coming off the most significant Fibonacci level. For argument's sake: Fib 161.8% would sit just above $19.
View attachment 66903
If you look on HotCopper, there are a number of comments from shareholders who attended the AGM today, including a transcript of the address from the CEO. I attended last year, but couldn't make it today, so am relying on the posts from people who were there. I think this will start to really hot up about August - everything I know about Fred Bart tells me that the company is for sale, at the right price. He's not going into the chip maufacturing business, he'll be talking to Sony, Sanyo, Apple, Google etc. Audio Pixels have been working on micro electronics for more than 10 years, have more than 100 patents. At least 20 of the world's largest companies are talking to them....they will complete the chip in Q3 and demo it. Then the fun starts.
Absolutely, I hold a couple of speccies myself. As you say its all about making sure strategy is aligned with the risk.
I think the technology is quite interesting, but whether they can transform that into a profitable business remains to be seen. I like my speccies a bit cheaper than $15 - especially when revenue is still $0!!
The gap between value and price is pretty well infinite at the moment, I will be interested to have another look if they can get the product to market and a profit is on the horizon.
Interestingly enough, EOS appears to be in the same, or at least a similar, situation.
Same backers, same people on the board.
Food for thought?
In support of the optimists among us holders:
The weekly chart below shows a breakout of the 4-year trading range, coming off the most significant Fibonacci level. For argument's sake: Fib 161.8% would sit just above $19.
View attachment 66903
Hmmmmm...so you like your speccies a bit cheaper than $15 - well, since you made that post, the price just jumped past $19... Don't say you weren't in the know. This train is off and running, at the AGM, management confirmed they were talking to 20 of the largest companies in the world. Then said, "you have to compare apples with apples" The strategy is not to get the product to market and get positive cash flow and profit - this baby is for sale to the highest bidder and involves a paradigm shift in technology, protected by patents. As I said, I have a decent sized parcel and will not sell below $100 - I'm now starting to think that this price is a bit conservative.
oops! How embarrassing
The Fibonacci Levels on my semi-log chart are all wrong. I have reported the error to the software developer, but feel rather sheepish myself for not noticing it sooner.
Here is the correct chart, using the linear price scale:
View attachment 66924
It's very good Burglar. Share price went through $21 today - and still rising. I bought in at $3.80
Don't say you were never in the know. Get on board the train, it's gunna get a lot higher than this.
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