117 replies to this topic

[vlam]

A lot of volume on offer near 840c, and I don't think anyone wanted to touch it when the trading statement came out.

 

840c - 84434 shares offered

845c - 24996 shares offered

Edited by vlam-hobbyist, 31 July 2014 - 09:13 AM.

[Vintage_Strat]

Very muted reaction to the trading statement.
Was the good news priced in or are we to expect a surge in the price closer to results date?

 

hang in there.. reckon we will see a sudden surge in the share price.. if you don't get in you might miss out on some of the action

[Sugafoot]

Very muted reaction to the trading statement.
Was the good news priced in or are we to expect a surge in the price closer to results date?

[delta66]

have a stake in them, pleased with results..plan keeping long term

[LiveInExcess]

SENS out today

 

Date: 20140728   Trading Statement

ADAPT IT HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/017276/06)
Share code: ADI ISIN: ZAE000113163



TRADING STATEMENT



In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the period to
be reported on will differ by more than 20% from that of the previous corresponding period.

Accordingly, a review of the financial results for the year ended 30 June 2014 by management
has indicated that the earnings per share is expected to increase by between 50% and 60% and
the headline earnings per share is expected to increase by between 50% and 60%, compared to
the earnings per share of 22.25 cents and the headline earnings per share of 22.27 cents for the
year ended 30 June 2013.

The financial information on which this trading statement is based has not been reviewed or
reported on by Adapt IT?s auditors. Adapt IT's financial results are expected to be released on
SENS on or about 18 August 2014.

 

[delta66]

What's the reason for the sharp drop in the first place?

big seller, offloading. 

 

..looks like he's gone now

[Sugafoot]

What's the reason for the sharp drop in the first place?

Bread, my opinion is that the share had quite a run. It doubled within three months or so. Maybe it was profit-taking?

Hopefully the drop was temporary. Although I think we'll see resistance around 1000c.

[Bread]

What's the reason for the sharp drop in the first place?

[Queen B]

Definitely more upside!

But make take a couple of months to get back to the 9 levels again

Im definitely holding this one long term

Lucky for the guys who picked up some more earlier this week at 605!

[Vintage_Strat]

Sale went through at 840

This share price is all over the place this week

 

Do you see further upside Queen B? Perhaps back to the R9.50 levels?

[Queen B]

Sale went through at 840

This share price is all over the place this week

[Vintage_Strat]

ADI looks to have opened well this morning.. hope this is the bouce-back-up we have been waiting for...

should be an interesting day in the markets though with potential for lots of Tom to be made..

happy trading all..

[Devonvest]

Devonvest, can you please explain that further?

 

Hi Sugafoot

 

Over the last 6months the support for this stock has been on a 50 day Moving Average (more or less). The share price has just about returned to this support line which would imply consolidation. The spike we experienced at the beginning of April was an anomaly brought on by overzealous bulls, myself included. The %K line on the stochastic oscillator was in the 90's which is in the overbought region which was readying to drop. This being said, the share price seems to have returned to the 50 day MA but now the %K line is sitting in the low 20's which implies that it is oversold. We also have a dragonfly doji candle today, after a downward trend (which implies a turn is near), as well as the price sitting towards the low Bollinger band, so my thought is that this share should start picking up again in a few days.

 

It's trading at 710 and I would like to have bought at 680. If someone did manage to buy at 605 that is a massive discount!

Edited by Devonvest, 30 April 2014 - 11:53 AM.

[Sugafoot]

Stochastics look ready to turn, but I'm not sure if this was consolidation or if it is really oversold?

Devonvest, can you please explain that further?

[Devonvest]

Stochastics look ready to turn, but I'm not sure if this was consolidation or if it is really oversold?

[Queen B]

Time to buy some at these prices

[Aragorn]

Trades currently going through below 650

 

 

[Rolycpt]

605? Im not sure where you are looking Hatori

Todays low has been 750

It does look like there was a trade at 605..could have been a mis-trade.

[Queen B]

605? Im not sure where you are looking Hatori

Todays low has been 750

[Devonvest]

Adi just hit a low of 605?

what's happening?

750 I'm sure?