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Ask your broker to add it to their system, as Fidelity did. If you REALLY want it, and can't find it any other way, buy the German shares. All IMHO. I know nothing, as informed frequently by my wife.
Unable to enter the order because no bid or ask price could be found for the symbol you entered.
That's what I get to my limit order request.
On Fidelity, I had no bid/ask but put in my limit order, which executed.
Negative indicator is that I bought this morning. EOM
Unfortunately still no bid/ask on Scottrade this morning. Just have to watch it climb higher for now.
Free float of 42.7% would suggest a float of 2.27 million shares as opposed to 3 million ..........
"from the report....posters are saying 3 million shares which does not seem to be correct? I like this even better"
from the report....posters are saying 3 million shares which does not seem to be correct? I like this even better
there are 5.32 million shares outstanding
and of that the following
Management 2.4%
Other management 4.5%
Axxion 7.4%
Multiadvisor Sicav 2.9%
IP Concept Fund Management4.6%
Supervisory board and Family 35.5%
Free Float 42.7%
Saw the new Close Brothers estimates and price target-
mostly caught by this-
“Despite the recent sharp share price increase we remain BUYERS”
I think it's also important to know that Close Brs. is valuing Alphaform from a European model. US investors look at valuation entirely differently (especially where 3D printing stocks are concerned).
We've seen this with Groupe Gorge- an article in the French press on January 8 actually told shareholders to "Sell Groupe Gorge" because it was overvalued. So the poor Frenchmen sold at 16-17 euros. Americans bought their shares that day. The stock hit 26.75 euros within 2 weeks and despite recent weakness in most 3D printing stocks, it closed at 20 euros Friday.
Also- I don't ever follow analysts or the overall market where 3D printing stocks are concerned. Both are too far behind the future curve for me. I don't mean to sound like an ass- I just evaluate these stocks from a completely different angle than most analysts and the market does, and that's served me very well in 3D printing stocks since early 2012.
I was watching the stock in Germany the past 2 evenings via Bloomberg and saw the spike the first evening. Note that the average volume in Europe those 2 days was about 20X the previous average volumes and showed a doubling as the US trading desks opened at 7 AM and continued up from there.
It will be interesting to watch as noted on Monday and Tuesday as the US market becomes aware. The US symbol was unexpected so fast with no hint but with a Groupe Gorge model to follow, the CEO was observant.
Thank you 3Dprintinvestor and GLTU
PS see the new 2/7 posted PR fom the analyst corner and thier interest in the company.
I was watching the stock in Germany the last 2 evenings since the initial announcement. The volume was approx 20x the daily average on both days and as 7AM arrived the volume from the trading desks in the US doubled the volume and went up from there
The Friday Eu volume was 351,346 while the US volume showed just over 16000.
I am long in having acquired it in Germany, not anticipating the US symbol so fast, and based on my Groupe Gorge history, I knew it was the way to go..
It will be interesting on Monday and Tuesday.
GOOD LUCK and thank you, 3DPrintInvestor
this is dated as of yesterday
http://www.alphaform.de/pdf/CBS_Research_Update_20140207.pdf
ATF:DE closed at $3.20 Euro on the German exchange and then out of nowhere, the stock began trading in the U.S. yesterday under the ticker AFRMF, where it closed at $4.70, which is equivalent to $3.45 Euro (+8% over the closing price) and with the unsponsored ADR trading on the grey sheets for now (hidden bid & ask), things are going to get crazy on Monday for sure since U.S. investors can now participate. On top of this, I know a small investment firm that tried to buy 5K shares of AFRMF at $5.00 and never got filled. Personally and mainly due to the itty bitty float along with the hidden B/A and no level 2, I see AFRMF running to $10 to $12 on Monday followed by a possible Tuesday gap depending on early Tuesday trading in Europe.
Some links of interest:
Alphaform Services Brochure
Alphaform Earnings History and Estimates (Close Brothers Group, London)
Management
Good idea- I submitted the change request.
Company hasn't pr'd it yet so don't know if Ihub admin. will make change or not until it's officially released in press (probably Monday?). The form for ticker change wants me to link to the press release.
http://globenewswire.com/news-release/2014/02/03/606663/0/en/DGAP-News-Alphaform-AG-Alphaform-announces-extensive-realignment.html
DGAP-News: Alphaform AG: Alphaform announces extensive realignment
February 03, 2014 04:44 | Source: Equity Story
DGAP-News: Alphaform AG / Key word(s): Profit Warning
Alphaform AG: Alphaform announces extensive realignment
03.02.2014 / 10:43
---------------------------------------------------------------------
Corporate News Announcement
Alphaform AG
Alphaform announces extensive realignment
- Restructuring, process improvement and competence extension as
pre-requirement for further growth
- Operational results forecast for 2013 is concretized at EUR-2.5 million
- CEO gets support from interim manager
Feldkirchen, 03rd February 2014 - The industrial 3D printing service provider Alphaform AG plans an extensive realignment. This is necessary due to the rapid technological development that threatened to overtake the company during the past business year. In the future, the company will focus on the 3D printing main business and on the creation of additional customer benefits. The realignment is accompanied by a restructuring in the organisation. It comprises the optimization of the operational processes for recovering the profitability, the expansion of the sales activities to increase revenues, as well as the enhancement of the own engineering competences in order to use the growth chances in 3D printing.
The operational business will focus on a faster order addressing and a better machine utilization with lower unit costs. Sales activity through Key Account Management is further enhanced and additionally sales channels e.g. online shopping and regional sales will be implemented. The first steps were already introduced during the 4th quarter in 2013. In the future, we will offer a more intensive engineering support - principally in 3D print-design - to the increasing number of customers, who are interested
in using 3D printing in their production.
Realignment and restructuring became necessary, when it became apparent that Alphaform also forfeited to the earnings in the fourth quarter, although the main business with prototypes and small series recovered to a satisfactory level again. The analysis for this reason was -among others - the reluctance to invest in the past, which led to increasing costs in material and labour force and to a restricted use of the machinery.
According to the further decline in revenues in the fourth quarter of 2013 and the additional costs for the introduction of the realignment, Alphaform concretises its present revenues forecast for the business year 2013 from EUR-1.2 million to now EUR-2.5 million. Additionally, goodwill amortizations at the implants subsidiary MediMet and individual impairment (Einzelwertberichtigungen) are expected, which amount is not yet finally determined. The revenues forecast of approx. EUR26 million is achieved.
Corporate Office extended
In order to push along the realignment, the Executive Board promoted the
interim manager Dr. Hanns-Dieter Aberle. Aberle worked in the past eight
years as consultant and interim manager for mid-sized enterprises in machine and plant construction, primarily in the areas industrial laser technique and 3D printing, as well as in the segments portfolio management, sales and innovation management.
During the restructuring phase, the finance area is reinforced advisory by an experienced interim manager, Götz Ganghofer. Ganghofer has many years of experience in restructuration and finance management.
About Alphaform
Alphaform AG, based in Feldkirchen near Munich was founded in 1996. The company belongs to the European market leaders in the production of complex components means additive manufacturing, which are often grouped together under the term '3D printing'. An important mainstay of the segment 3D Printing and Additive Manufacturing is the production of series close prototypes, particularly for the automotive and capital goods industries. The Medical Division of Alphaform has a leading position throughout Europe in manufacturing and processing orthopaedic implants and instruments. The shares of Alphaform are listed in the Prime Standard Segment of the Frankfurt Stock Exchange (FWB) under the abbreviation ATF.
The core competence of Alphaform lies in its extensive application know-how for processes and materials for the additive production of complex prototypes, tools, individual components and small series made of plastic and metal. The company's activity is focused on the orthopaedic and medical technology, automotive, aviation and aerospace industries. The subsidiaries of Alphaform are located in Germany, Finland, Sweden and the UK.
Contact:
Dr. Thomas Vetter
CEO
ALPHAFORM AG
KapellenstraÃ?e 10
85622 Feldkirchen
Tel.: +49 89 905002 21
Fax: +49 89 9050021021
email: tvetter@alphaform.de
Internet: www.alphaform.de
3D, Suggestion: How about changing the symbol in the Intro, to either the new AFRMF (in US$) or to the symbol on the Deutche Bourse (even though these prices are in Euros)? That way the price will have some relation to the actual stock.
Closing price today in Germany was $3.20 Euro, which is equal to $4.35 U.S. Dollars.
thanks! confirmed by Fidelity just now.
ok, answered my own question. Euros. NRN.
Whoa... the correct ticker is AFRMF. Fidelity bshows 12,825 shares traded. Last price $4.42
Joe, So the pricing you mention and the pricing on the Yahoo site are in Euros not in US$, right? Big pop in price yesterday. TIA Steve
On the phone with Fidelity right now. It's not yet showing up in their system. And thanks for the PM!
New ticker for US investors: AMRMF
Just started trading here about an hour ago- no need to have foreign exchange trading now.
New ticker for US investors: AMRMF
Just started trading here about an hour ago- no need to have foreign exchange trading now.
3D, Thanks. I'm trying to stick with ADRs for non-US shares right now. Would you mind shooting me a PM when an ADR/ADS arrangement for Alphaform is available? GLTU, here and on Zecotech Steve
Well, they're in a bit of a restructuring phase now, and are looking to raise about 10 million euros to update plant/equipment, but balance sheet OK with current ratio about 1.5
It's ridiculously cheap here- trading about 1 euro above book value and market cap under 20 million USD. For a 3D printing company that raked in $35 M USD in revenue last year, I don't think that valuation will last as US investors discover it.
So to answer your question- I think it will do quite well.
They may list shares in US as an ADR like Groupe Gorge and Arcam AB, which would be a big mover for the stock- and even if that doesn't happen short term, my guess is the shares will be trading as an unsponsored ADR soon. Maybe as early as next week according to my source.
I'm still keeping quiet on it for the most part- added a few shares this morning.
If you have international trading, load the freakin boat, as this 3D printer with a 3 million share float is about to absolutely fly. Delayed reaction to the Feb. 3rd news, but today is just the start ......
http://www.alphaform.de/de/investor-relations/news/details/artikel/pressemitteilung-03022014/
The market cap ? A ridiculous $21 million here at $3.20 Euro and they do wayyyy more in revenue than VJET with a $322 million market cap .....
http://finance.yahoo.com/q?s=ATF.DE&ql=0
Alphaform actually does business with Voxeljet and uses VJET's VX 800 ....
3D, What is your outlook for Alphaform? TIA
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