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I agree. This is a stock that everybody who invests should own some of. Even the risk averse can invest $100 and have a very realistic expectation that within one year that investment will be worth $1,000.
Every aspiring stock broker should be pounding the phones regarding this company. Everybody can buy some of their stock, and you get a client a 10 bagger on the first pitch, your going to have a client for a long time.
Yeah I just came up for air and saw the activity. Hoping to see a reason as i go through the posts.
Don't remember nupapa. I'll try to look it up. Darn day job is getting in the way of my research.
nupapa, I would think Greenhouse and VOM Fund would attempt to set a per share acquisition price above the price at which they can exercise their warrants.
More on Acteon and their Acquisitions of Complementary Companies
Sorry it is from Wikipedia, but seems well documented.
Acteon Group Ltd
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Acteon Group Acteon Group logo.gif
Type Private limited (Non-trading)
Industry Subsea Services
Founded Norwich, England (2004)
Headquarters Norwich, England, United Kingdom
Area served Global
Key people Richard Higham, Group Chief Executive
Revenue £310,860,000
Employees 1538
Website http://www.acteon.com/
Acteon is a specialist subsea services company. Acteon Group Ltd is registered in the United Kingdom and has its headquarters in Norwich, UK.
The Acteon Group is one of the largest firms in East Anglia,[1] comprising 17 companies that provide integrated subsea services, mainly to the oil, gas and renewables industries, with particular focus on foundations and moorings; risers, conductors and flowlines; Marine electronics, instrumentation and surveys; and activity management and manpower provision. Acteon provides seabed-to-surface equipment, technologies and services and is represented at every stage in the life of an oilfield.[2]
[edit] History
Acteon was formed in 2004 from the UWG Group which at that time comprised five individual companies: UWG, Claxton, MENCK, 2H and TEAM. Since then, Acteon has expanded through organic growth and the acquisition of companies that offer complementary services in the subsea services arena. These acquisitions have extended Acteon’s technical capabilities, product lines and worldwide geographic reach.
There have been several significant acquisitions:
In 2004, Acteon acquired the business and assets of Technip Offshore Moorings, Inc. to create a new company called InterMoor Inc.[3]
In 2006, Acteon acquired Trident Offshore Inc.[4] and Aquatic Engineering and Construction Ltd.[5]
In 2007, Acteon completed the acquisition of three companies from the Craig Group: Seatronics Ltd, International Mooring Systems Ltd (IMS) and Chain Corporation International Ltd (ChainCo).[6] The same year saw the merger of TEAM Energy Resources Ltd with the manpower services arm of Aquatic.
In 2008, Acteon acquired the Singapore-based CAPE Group[7] and 80% of Brazilian mooring and anchoring equipment specialist Fluke Engenharia Ltda.[8]
In June 2011, Acteon acquired the offshore survey and positioning specialist NCS Survey Ltd.[9]
In 2010, despite a global drop in activity levels after the Deepwater Horizon oil spill, the Acteon Group posted accounts showing an 8% increase in revenue and a growth in profit from £32.13million to £36.24million.[10]
Acteon’s aim is to define, shape and lead the subsea market by delivering a comprehensive range of integrated products and services. Acteon has been recognised for its business growth,[11] and companies within it have won awards for innovation[12] and achieving notable technical successes.[13]
Acteon companies operate from the world’s major offshore oil and gas centres and are involved in projects in many exploration and production areas.
Acteon brings together companies that possess complementary technologies and capabilities, provide products and services in similar areas, and serve the same international customer base. These companies are 2H Offshore, Aquatic, CAPE, CIS, Claxton, Fluke, InterAct, InterMoor, LDD, MENCK, Mirage, NCS Survey, OIS, Pulse Structural Monitoring, Seatronics, SRP and TEAM
[edit] References
^ Eastern Daily Press - Top 75 Companies, 2011, retrieved 2011-09-05
^ Acteon launches today revealing ambitious expansion plans, 2011, retrieved 2011-08-16
^ , http://www.intermoor.com/Images/Interior/archive/acteon_aquires_new_business.pdf
^ Acteon reinforces its global foundations and moorings business with the addition, 2011, retrieved 2011-08-16
^ Acteon purchases Aquatic Engineering and Construction, 2011, retrieved 2011-08-16
^ Strategic acquisitions further strengthen Acteon?s hand, 2011, retrieved 2011-08-12
^ Latest acquisition boosts presence in important Asia Pacific markets, 2011, retrieved 2011-08-13
^ Britain's Top 100 Entrepreneurs 2010: The Big Winners, 2011, retrieved 2011-08-13
^ Acteon Concludes Acquisition of NCS Survey, 2011, retrieved 2011-08-15
^ Acteon defies slump in US gulf after spill, 2011, retrieved 2011-09-05
^ Previous Fast Track 100 award winners, 2011, retrieved 2011-08-08
^ Pioneering drilling riser wins EEEGR award, 2011, retrieved 2011-08-08
^ The Times Business - Acteon profile page, 2011, retrieved 2011-08-08
[edit] External links
Acteon Group
ACTEON'S M.O.
About Acteon
Acteon has developed through a combination of organic expansion and the targeted acquisition of companies that have provided additional services, products, experience and geographic access in the subsea arena. Learn more about our story and what we offer via the sections below.
Not sure what this means but
I was looking through the past announcements of contracts awarded or new customers announced listed here at Investorshub news, and realized that nothing at all was announced during 2011. However they were still profitable for that time frame.
The deal with Seatronics is the first announcement of a contract or customer since 5/25/2010. Nothing for the second half of 2010 or all of 2011.
First half of 2010 was active, with announcements on Feb 9, Feb 11, March 3, April 27, and May 25. Don't know if there may have been Homeland Security projects that could not be announced or what the situation was.
Hopefully this latest Seatronics press release will be the first of many.
Probably the E*Trade Baby...
Don't Forget the Defense and Government Contracts...
I wonder where this one with the Coast Guard stands??
Jan 20, 2012 07:30 EST
The US Coast Guard is getting more and more interested in underwater inspection & surveillance. Their Research & Development Center is currently evaluating an advanced Underwater Imaging System (UIS) from Coda Octopus.
$1.10 would make for a very pleasant summer. I would take some profit.
Glad to hear those three responses. My technical knowledge is rudimentary. Thanks guys.
I thought over 70 indicates overbought??
I agree Johny. The PR's will come fast and with them the volume to drive the pps.
Very Nice!
I think a WE ARE HIRING sign hung out is always a good thing.
Some people are sitting on 5 to 10 baggers. That's sometimes hard to sit on if the baby needs new shoes. Interpret "baby" any way you want.
I've been thinking the same thing, nupapa. When it did not trade for so long yesterday I was hoping for an announcement.
Great find Dutch Thanks.
Every coastal city worldwide will want this equipment. Especially the major port cities. Boston got one in 2010. New York? Philadelphia? Wilmington? Norfolk? Charleston? the list goes on and on.
Couple that with the fact that the corporate suits at a major company like Seatronics are willing to endorse the equipment and the company by striking the deal they did, and putting the announcement on the home page of their website. This is a huge development. An important vote of confidence after the restructuring.
Not to mention the financial benefits of world wide availability through the acknowledged industry leader beginning next month.
It is unclear how the market will react before the revenues are actually reflected in a quarterly report, but there is definitely the possibility of another uptrend in the stock price, perhaps beginning today
Sorry Johny, don't know what that is?
Are we halted?
Size of European Market
The European market for drugs treating Atrial Fibrilation appears larger than the U.S.
Existing deals with Merck for Europe are enough to drive this stock price.
About Atrial Fibrillation
There are approximately 2.5 million Americans and 4.5 million Europeans that suffer from Atrial Fibrillation (AFib). Annual costs related to the management of AFib patients in the US and EU are estimated at $26 billion in total. Over the next 50 years, these costs are projected to increase significantly along with an expected 3 fold increase in the number of AFib sufferers.
Rare Double Doji
Double Doji
Double doji refers to the equilibrium state in which buyers and sellers are. Thus, typically it can be interpreted as a sure signal that a trend reversal will occur.
Still nowhere near the short interest prior to December.
Sometimes when the MM orchestrates a big dip followed by a return to the open price, it is because he is using the stop loss orders as a convenient supply of low priced shares.
Or it could be that it is no accident that the additional 400,000 in short interest was there to benefit from the sudden price reduction.
Or both.
Either way, a rise in price now would not surprise me.
Proposed Reverse Split
The knee jerk reaction to reverse split news is to hit the "Sell" button fast. It is usually a desperate act. Like climbing onto the 4th story ledge of a burning building. It seems like a good idea at the time, but almost always leads to a nasty fall.
In the case of TELK, rather than being the beginning of the end, it may be confirmation that the White Knight is in the courtyard. Let's look at the possible scenario.
One, at the end of the day no one wants to take over a company trading at $0.15 or less. They can't attract investors, can't attract institutional interest, can't be taken seriously in the market place.
Two, an acquiring company wants to buy TELK as cheaply as possible. The MM in this case has tipped his hand by some fairly obvious downward manipulation. By keeping the price at historic low's he has facilitated bargain basement accumulation by the new owners. The announcement of the reverse split proposal will likely drive the stock price even lower. The next step is more accumulation by the acquiring company, leading to more and more panic selling. All this is fine with the new owner because...
Three, they know the reverse split will bring the stock price to a respectable level that will not spook potential investors or institutions, and that the past low price situation can be blamed on ineffective policies of previous management. And..
Four, the new company has genuine confidence in their ability to maintain the higher stock price level because of their financial clout and management expertise.
Pipe dream? Perhaps, but the search for a White Knight has been a stated goal for some time now. The price has been manipulated downward recently, and most people agree that the drugs moving through approval process show enough promise to be of interest.
My advice would be, if you need the money you have invested in TELK short term, get it out. If you can afford to stay in the game, hold firm, because there is a reasonable opportunity for the big returns most pharma investors are looking for.
This is classic penny stock MM manipulation
Should have closed at $0.16 yesterday. MM drops it to $0.15 at close. Then he places a comical 100 share AH sell at $0.11. A couple of idiots apparently panic and sell him their shares at $0.12 and $0.13.
Armed with this AH activity, and no pre market this AM, our manipulative MM wizard opens a stock that should have closed at $0.16, at $0.135.
As clumsy and transparent as that is, the question is why? The answer in my opinion is that a large player wants to accumulate at a lower price. So all you who wanted to cash out at $0.16+ are stuck. Nobody is going to cash out at $0.135, except the ones he can panic.
From the MM's point of view if some news does come in the next few days and cause a rapid rise, beginning at $0.135,instead of $0.16 delays our profit taking and ensures at least some ability to accumulate at this artificially low rate.
All in all in is not all bad. Something good is definitely in the works in my opinion. And in the not too distant future.
The last extension on the delist situation was 10/18/2011. Should be 6 months, which takes us to April before that bugaboo returns.
Hold tight while MM screws around. A big jump is coming IMHO.
Looks like he got two fools to follow his lead.
What Silly MM B.S.
Somebody panicked and sold 100 shares at $0.11?? Really?? All his shares?? This follows the same silly stuff by the MM yesterday. Seems the MM wants to keep the price down. After hours shinanigans yesterday, followed by opening the stock "up" this AM, followed by the big 200 share panic sale at .11 and .13.
Something is up in my opinion.