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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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ozone2002
Supreme |
12-Sep-2012 09:46
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40.5.. looking gd.. gd luck dyodd.. :) cheapest O& G services play as quoted by DBS... |
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khng2012
Master |
11-Sep-2012 17:18
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Why so no confidence? Today close at 40cents, It is so critical Milestone to achieve so far. | ||
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merlin_magic
Senior |
11-Sep-2012 16:59
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Ok. I sold my old batch of 39.5 cents at 40 cents... Bought back a small amount at 39.5 cents again ..position myself in case it cheongs up tomorrow...If it cheongs down, then i slowly collect.... |
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khng2012
Master |
11-Sep-2012 16:52
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Oh no. 39.5cents. so sick to see this figure. Can anyone go to buy up and close at 40cents? |
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ozone2002
Supreme |
11-Sep-2012 16:23
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slow and steady wins the race.. 40.5 highest.. 9 m done as of now.. gd luck dyodd.. fast and furious kanna heart attack! :) |
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khng2012
Master |
11-Sep-2012 15:56
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No worry, bro. It will start soon. Just need to be patient a bit. | ||
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raymaster
Member |
11-Sep-2012 14:47
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the problem now is this ship is not even started or want to try n move. 3mth down the road could be a tough and bumpy ride on this ship. base on current market situation, it could go either way. the possibility concern now is that there could be too many passenger waiting to depart this ship before it move. just be caution ! |
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khng2012
Master |
11-Sep-2012 13:35
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My expiry date to Ausgroup is Jan 2013. If it doesn't go up, i will jump ship. Now is too early to let it go.
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khng2012
Master |
11-Sep-2012 13:23
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Doesn't matter to me. I can wait for Ausgroup and can sustain 10 to 20% down side and buy more. To me, Ausgroup is more defensive if anything happen due to its zero debt, high order book and 44cents NAV. The other way, the longer we wait, the shorter it climb up to peak at 60 to 70 cents. Just my 2cents. |
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raymaster
Member |
11-Sep-2012 13:11
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Bro khng, i hv no doubt that Ausgroup is better than Civmec. however base on current stituation, Civmec is indeed so much better than Ausgroup. Just look at both counter performance yesterday, Civmec close down yesterday but bounce back strongly today. For Ausgroup, prices still stagnant and struggling to break past. looking at past few days, Ausgroup had not been really keep trying to breaking past 0.40 barrel or above. so I strongly believe that if this practice keep continue by this week, it would be a matter of time Ausgroup prices will be shot down again. Like bro ozone mention, ausgroup still stagnant ! |
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ozone2002
Supreme |
11-Sep-2012 10:57
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civmec up 2% today.. ausgrp..still stagnant.. |
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ozone2002
Supreme |
11-Sep-2012 10:32
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khng2012
Master |
10-Sep-2012 17:50
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I have full confidence with Ausgroup and zero confidence with Civmec. PE6 VS PE19. 44cents VS16cents NAV. No heavy debt for both. Ausgroup has better order book and very strong revenue in integrated service(maintenance) for the mining and LNG plant. If it is going down, I will continue to collect below 37cents till I have no money. No worry, bro. I waited Midas to consolidate in 2 months before it cheong. Ausgroup is still at consolidation stage for less than a month. It will cheong soon but need to be patient. |
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raymaster
Member |
10-Sep-2012 17:23
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Civmec suffer today, Tomorrow will be Ausgroup turn. Rotating play for this two counter. Ausgroup is under heavy selling pressure today. GD luck for those short time trading. |
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khng2012
Master |
10-Sep-2012 16:52
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Noted this news. Civmec has suffered already. Ausgroup which is undervalued go down 0.5cent today. Still holding it. Will give up to hold when Civmec drop till 70cents. |
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raymaster
Member |
10-Sep-2012 15:21
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BEWARE : Strong seller coming in after today news. Goodluck for those who vest in this counter in recent rally. |
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raymaster
Member |
10-Sep-2012 15:18
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Latest News SYDNEY: Falling commodity prices have further hit Australian miners, with BHP Billiton Monday announcing it will stop production at a Queensland coal mine and Xstrata Coal saying it will slash 600 jobs. The moves follow last week's decision by iron ore major Fortescue Metals to defer several planned expansions and slash capital spending by US$1.6 billion to cope with commodity price volatility. Anglo-Australian mining giant BHP said the BHP Billiton-Mitsubishi Alliance will cease production at its Gregory open-cut mine, part of the Gregory Crinum complex near Emerald, Queensland, from October 10 and review other assets. " Gregory open-cut mine production was no longer profitable in the current economic environment of falling prices, high costs and a strong Australian dollar," BMA said, adding that the underground mine would still operate. Stephen Dumble, BMA asset president, said closure was the only option given production costs exceeded revenue. " We will work closely with our workforce and look for opportunities to redeploy affected employees to other BMA operations," he said. There was no indication of how many jobs would be affected. The development came as Xstrata Coal announced it would slash jobs as part of an ongoing review of its operations in Australia, given low coal prices, high costs and the Australian dollar's strength against the greenback. " Following this review, and in keeping with the cost-savings objectives announced at our half-year earnings, we will be reducing our employee numbers by approximately 600," the firm said in a statement. The reductions will include contractors and permanent positions, the company said, without breaking down the losses by site. " We do not expect a material impact on Australian production volumes," it said, adding that it was also cutting some roles at corporate headquarters in Sydney and consolidating office-based operations in Queensland. Coal prices have fallen sharply in recent months, with Resources Minister Martin Ferguson late last month declaring the mining boom was over in price terms. " No one can deny it," Ferguson said. " Just think about it, coking coal a short time ago was $320 a tonne, it's now $220 a tonne iron ore was $180 a tonne, it's now $105 thermal coal was $220 a tonne, it's now $80 a tonne." BHP Billiton last month delayed expansion of its huge Olympic Dam project in South Australia after posting a 34.8 percent slump in annual net profit, in a sign the global slowdown was hurting commodities. The world's biggest miner put plans to grow the copper and uranium mine in South Australia on hold after a 15 percent plunge in underlying earnings due to softer prices for most of its products through 2012. |
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khng2012
Master |
09-Sep-2012 23:04
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Ask u why civmec don't hover at 39.5cents? It is 1.17 dollar!!!
Ausgroup only request a reasonable price at 65 cents. DBS give a discount of 20% at 50cents. Don't get a compare from civmec but only a average price among its peer in australia. 50 cents is discount 65 cents is below average, 80cents is comparable. |
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whereru
Member |
09-Sep-2012 22:35
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Unless the commodities sector in Austraila picks up, ausgrp will be hovering in this price range. | ||
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khng2012
Master |
09-Sep-2012 21:34
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Tomorrow will test 40 cents again. Hope will not see the 4000 lot block at 40cents tomorrow.
At least close at 40.5 cent tomorrow. |
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