will it ever recover to the 38p i paid for them??

And still no movement from this morning. Verry suss IMHO!!

strange one today....i fancy a mention somewhere but an overhang keeping these down. thinking about buying a few....

500/- buy just went through at 19.75!

It was RHPS and that must be some overhang. I think I'll wait and see what happens tomorrow.

Buy at you peril

Must be a big dump to come after hours

And when all these buggers sell :((

i am an observer here..SB, you obviously have issues about this one!

Out of the 25 biggest trades so far today 12 were definite sells and 4 unknowns (sells in my view) totallying 2.5m sold mostly first thing this morning at 20p. So it has not been an entirely one way trade. The great majority of the blue has been small sizes from punters, not heavyweights which cause market adjustments.

There may be some heavy sellers know to remain keen to get out on a rising price, while the MMs are keen to unload some of their overweight positions into a boyant market to make room for them - so keep the price down. Even so it is 11% up on last week.

I am sort of relying on it dipping a bit to get another bite at it at a more reasonable price over the next few weeks.

SD

no move this am. i thought we would be given direction one way or another.

CONSOLIADATION AT THIS LEVEL IS GOOD!!!

has anyone got L2 info - tia

Rumour going round the city of order coming from an airline.

middleman get L2 free for a week at the mo on moneyam.
Maybe taking ADVantage of downtime at a competitior.

cavman2 do we know which airline.

Bid dropped but offer remains the same - protective stance by MMs ??

SD

Laker, I think!

LOL

I have'nt so far on my searching found any indication as to which airline it might be.

we need more info than that! Laker...LOL, i miss that airline it was the best of its day by a mile.

I guess of today's basically sound results, this is the damning paragraph

Prospects

Sales have not developed as fast as we hoped despite the reputation the AeroBox
has gained in the aviation industry as a robust product with low experience of
structural damage. The aviation industry continues to experience severe
financial challenges exacerbated by escalating fuel prices. This, coupled with
the lengthy decision making process amongst many airlines and the effect of raw
material price increases means that ACS will not achieve break even before 2006.

Being 33% down on my recent buy in at average of 19.85p, is this a good opportunity to average down or good money after bad?

Anyone else with a view on this company which fits my parameters perfectly - new technology applied to existing essential market with ancillary applications outside main market. Maybe it's another DEMG - substitute airlines for NHS!

SD

was tempted when tipped in Sunday Business a while ago - but I believe even they seemed to think results were very speculative/uncertain re timing of new business wins and time they had before competition caught up with them - for now still not tempted given paragraph you quote - sounds like break even is a distant prospect and further cash call on market is not impossible before it is achieved - only my views but near term catalyst are not obvious.

Hi Oxman

On reflection, I have taken the plunge, averaging down from 19.85p to 17.00p. I had some cash to invest and was contemplating splitting it across two recent fallers with strong prospects. In the end I have put it all in ARX who have the best opportunity/fundamentals combined IMHO currently in my portfolio.

My previous comparison with DEMG was not accurate entirely - DEMG have no applications in other industries than the strict medical arena; ARX could have many outside the air freight business.

The product is proven and in service - 500 units with Saudi Arabian, Virgin and others. The plant is up to scale for full production. They have cash in the bank. They have 3 other strategic directions to pursue - refrigerated units (very exciting IMHO), other industrial applications (there must be many, including the military), and setting up a manufacturing base in China (a JV with Chinese capital and ARX know-how to service the massive growth in Chinese import/export could be a winning formula at no extra cost of capital to shareholders - see DOO in another context). The price has fallen to the price of the last placing at 14p - surely some support there. This is also the same as the December low - another support indicator. Since the oversold price below 14p first thing today, the price has bounced back to 14.25p and, in spite of a constant stream of sells, the price remains there - so the MMs are happy to take stock on at that price which puts me in good company.

So they won't break even until 2006. Well, I'm not going anywhere before then, so I can wait. It's going to become the industry standard by then, I think.

BUY - IMHO, DYOR

SD

good luck