Latest Forum Topics / AusGroup Last:0.009 -- | Post Reply |
AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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yabbest
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25-Sep-2012 09:17
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suddenly big vol buying few thousands lots, what does it tell? | ||||||||
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khng2012
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25-Sep-2012 03:26
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Let wait for more good news from ausgroup. To maximise the shareholders value and obtain larger capital from dual list.
Ausgroup must build up their ordet book in next 3 month and has good result in coming 1st quarter. The whole activity shall take less than 3 month to complete. Exciting to know what is tomorrow open price. Hold ur share tightly. |
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stockseeker
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24-Sep-2012 21:42
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One key question here: Assuming AGC shares are issued to those holding Ausgroup's shares, how does one access (sell) the newly given shares - esp.   when it's listed on the ASX?? I'm keeping my fingers crossed on this one: if the new AGC listing is attractively priced, a lot of ppl will be grabbing Ausgroup shares.   Besides, Ausgroup was once worth a lot (close to $2) more before the subprime crisis.
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yabbest
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24-Sep-2012 21:17
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i hv faith in the mgmt & new ceo, they are pro s/holders thats why they venturing into QLDS and aim to be 1billion coy.  though dividend not high, but they bother to pay special div, very unlikely they will shortchange us. anyway our votes counts too.  Im more concern how BBs going to play this game. They in control not small fly like me lor.      |
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khng2012
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24-Sep-2012 19:30
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It is not a problem to obtain fund to bought over ausgroup from ASX since No matter PE value, debt condition or NAV, ausgroup is fully undervalued. They can easily obtain higher price to buy over ausgroup.
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stockseeker
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24-Sep-2012 19:17
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I wonder how much cash and shares they are willing to pay for per Ausgroup share for this reverse takeover. Ultimately, it'll depends on how much the value of Ausgroup currently stands at. Anyone cares to give a figure? I clearly recall Noble group and its subsidiary Gloucester has done such exercise once or more, and each time, Noble group stands to gain in Hordes of Cash and Shares from each reverse takeover exercise. Anyway, if they do reward shareholders with shares listed on the ASX, how do we access the shares? It's listed in ASX man.....   |
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yabbest
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24-Sep-2012 18:12
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i think the mgmt frustrated that its share price in sti cant move up, so rather 1 list in asx which is the biggest exchange for mining coys like they mentioned, and all these while they got this intention, so i guess matter of time. In short they want to see its share prices up and value to s/holders?  | ||||||||
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khng2012
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24-Sep-2012 18:06
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I believe shall be a good news. Otherwise, I will attend next AGM and vote against it. | ||||||||
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yabbest
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24-Sep-2012 18:04
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they initially announced this plan in 2011? anyway, like what the ceo put it, its still early days and still need voting and approval. yupz lets see how it goes, but i think now BBs got " excuse" to play up or down also depend on analyst coverage like u mentioned.  | ||||||||
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khng2012
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24-Sep-2012 17:57
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I noted the dilution. But it is normal that the share will be diluted when dual list since a lot of share will be sold in ASX. Now Ausgroup market value is about 193million with 42cents. If the dual list in ASX with higher PE  can make the market value to be double or tripple but dilute our share to lower and it is expected. Because at the end the money and capital earned from the market will still benefit to the group. I am more concerned that the CEO mentioned that this is the best option to explore the benefit of current shareholder.
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khng2012
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24-Sep-2012 17:52
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No. I don't think today down is because of dual list. I believe the news is not leaking out since the volume is very low. No matter negative or possitive, the trading volume shall be surged suddenly at the end if the news is leaking out. Just wait for the analysis from expert, soon may be tomorrow will see some. Thing to be happy is PE of Ausgroup now is below 7 which is below the average in ASX. Civmec IPO with PE20 in SGX in April. I believe Ausgroup listed in ASX shall be higher than PE 10.
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yabbest
Senior |
24-Sep-2012 17:49
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After consultation with its professional advisers and with an internal listing committee established to consider this issue, the Board of Directors of the Company wishes to inform shareholders that the Company is considering a demerger of its subsidiaries into a group headed by its key subsidiary, AGC Australia Pty Ltd (“AGC”), and then seeking a listing of AGC on the ASX. As part of these proposed transactions, the Company proposes to enter into a reverse takeover and acquire suitable assets from investor(s) who are yet to be identified. If the proposed transactions are completed, it is intended that the Company’s shareholders will receive shares in AGC under the distribution in-specie (which is further described below) and still retain their shares in the Company, although their shareholdings in the Company will be heavily diluted following the completion of the reverse takeover. If the transactions are completed, the Company’s shareholders will hold 100% of the shares in AGC, which will be an Australian resources services company listed on the ASX. The Company’s Board of Directors is of the opinion that this option provides better value to the Company’s shareholders than the dual listing previously considered and is in the interests of the Company. | ||||||||
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yabbest
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24-Sep-2012 17:38
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i also dont know, but from today's closing should be down as this counter always strong when others down it wont fall easily, no wonder today...thing is dont know how long the whole thing will take?    |
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khng2012
Master |
24-Sep-2012 17:30
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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_36D020F149C2560B48257A830020EB51/$file/AusGroup_-_Listing_On_The_ASX_Update.pdf?openelement Demerge Subsidiary and   Ausgroup plan to demerge its subsidiary and list in ASX. Any expert who familiar with dual list can advise me, share price will be up or down tomorrow will do |
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khng2012
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24-Sep-2012 11:43
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Those who sell at 41 or 41.5cents shall be regretted now. Don't sell and hold. Furthermore, don't play contra with Ausgroup, you are not going to benefit from the rally. Please prepare to do mid term investment, at least hold 3 months. |
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khng2012
Master |
24-Sep-2012 10:10
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Best time to collect cheap today. Don't sell, otherwise, regret later. | ||||||||
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froggie08
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22-Sep-2012 12:08
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BB can be local or overseas fund, when they see huge profit elsewhere, they can even cut and move all their fund to tackle other investment for much better profit. After then come back again. So no need to be upset either we can cut loss fast or have a good and sound holding power. As long as the stock market still there and the company operation are " sound" . What I can do is monitor, move-in and wait.
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khng2012
Master |
22-Sep-2012 11:43
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They did twice in past 1 year. If they did it again, I only LOL...
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froggie08
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22-Sep-2012 11:30
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Be patient! Market are full of magic and smoke! Accumulation has to take time, there are many so call  investment  professional group out there, money are everywhere. If BB move too fast, they will get hurt, so they must progressively shake out those small timer and control the major fund. BB are able to buy from all of those that are unable to hold, when the time are right, they will move up fast and sell all the stocks to those small timer, then they move on to another counter. Another trick is BB willing to loss 3-5% of what they hold with very low price across number of days, eg to push the price down to even below .30 again so to create fear and for those to throw out, they within 1 to 2 weeks time, BB  grapes  all and push the price up up and away. Let's keep on monitor, reminder and update each other. Thank you! | ||||||||
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khng2012
Master |
21-Sep-2012 17:24
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Who know??? You can see DBS report, set 50cents as fair value but rating is " no rating" . What does it mean? Double standard!!!
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