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1801-1820 of 5048
back in this. stomach the brokerage fee
now waiting for matching
AusGrp: Strong set of results. 1Q13 net profit doubled YoY. AusGroup reported a very strong 1Q13 bottomline of A$6.3m, up 101% YoY.
Note that the first quarter tends to be the weakest – 1Q11 and 1Q12 each contributed 16.2% and 13.5% of their respective full-year profits.
Revenue was up 26%, with stronger Major Projects andFabrication segments contributing to the increase. Gross margin is up to 14.0% from 12.4% in 1Q12.
The EBITDA margin is up to 8.1%from 3.6% in 1Q12, with improvements in Fabrication and Integrated Services segments.
DMG expect Major Projects to deliver better margins in coming quarters.This has flowed to the bottom line – net margin was 4.1% against 2.5% in the comparable qtr.
DMG note that AusGroup has met house expectations in achieving both topline growth and margin improvements, leading to a massive jump in profits.
House forecasts are unchanged and continue to expect a bottom line of A$31.4m, up 35% from FY12 record profits of A$23.3m. AusGroup is trading at extremely depressed valuations – FY13F P/E of 5.8x, P/B of 0.9x, and EV/EBITDA is a mere 2.4x.
This is a company that is returning 20.5% ROIC and 17.5% ROEthis yr – such poor valuations are undeserved.
House continue to value AusGroup at 9x FY13F EPS for a target price of $0.755, backed by aDCF-value of $1.14 at 11.5% WACC.
Investors should ignore the recent share price volatility and focus on the fundamentals – batten the hatches and double down!
saw the sellers i tot hosay but alas this stk so resilient. looks like i will cover my shorts at .485 (lose brokerage) or .48 and win some kopi money
Go where?
=)
ace333 ( Date: 09-Nov-2012 14:42) Posted:
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Huh? Go? Like same leh
ace333 ( Date: 09-Nov-2012 14:42) Posted:
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ah finally...here we go?
after lunch HSI dropping this still not dropping
morning dmg already chut report tgt .77 but also bo lasa. tat y i tink factored in
Today is Friday , normal for the market to be quiet as everyone going for a nice long weekend.
Come Monday , watch out for BBs and shares buy back that will come into play when securities house upgrade the share value.
Good luck and enjoy the weekend.
lunch time no BBs....19lots can become BB le
lol....485 slow distrubution....cant past .49 then u suddenly say .495 done
Sori bro typo mistake. reaching 0.49 only
ace333 ( Date: 09-Nov-2012 12:22) Posted:
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you
i sure .495 got done bo?
Half a day past. 0.495 only 37,000 done.
ace333 ( Date: 09-Nov-2012 12:10) Posted:
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good results also factored in...no more short term catalyst. stop loss .495
since all take profit liao and fisherman want to catch long then my turn to short some .485
I think seow BBs is going to collect at 0.485 thru out the day just like yesterday stuck at 0.475.
raykee ( Date: 09-Nov-2012 11:44) Posted:
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Dun know.
But I jump boat liao..
Bought at 0.475 yesterday and just sold at 0.485.
Profit for kopi money..
raykee ( Date: 09-Nov-2012 11:44) Posted:
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