Earlier this year I felt more optimistic about APG but not now. In the late 90's I traded APG shares and back then the board could spin a good yarn and the market would react positively. However today no-one is listening to anything APG says. The market price has gone below a level that now poses too big a risk to investors, so I don't see the price shifting much, except for down. To put it bluntly, I think the share price is symptomatic of a company who's had the same technology for years, hasn't stuck to projected timelines, and still can't manage to progress past a development stage. Given the under performing results if it was you or I employed to achieve these goals we'd be asked to leave, but for board members they can just keep reemploying themselves each year. Little has been achieved and there's a lot more executive work required before APG can gain some ground. APG is still in the position where they can't sell what they don't have, and that's the sad truth. Rather than later, MT should give the job to someone new who hopefully has a fresh outlook, and a better chance of making the fundamental changes necessary to point APG into the right direction.
APG Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
