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ha ha ... me also think the same as you....
dividend is on October.. so, if not becareful, there would be another round of sell down, but from now until dividend date is 2 months away, so, i think not too bad..
0.37 is an important support point, if broken, next support is at 0.24...
in other words, i will not choose to bottom fishing today.
AusGroup posted disappointing Q4 results with net profit dropped 25% despite 35% jump in revenue. OCBC Securities recommended "Buy" with a fair value of S$0.60 at 12X FY09F PER........This babe now trades at S$0.37 with high volume of around 10 mil shares. Is it time for bottom fishing now?
Hi, Sis Elf,
Did you notice how BBs churned this Aussie babe today?
Great show!
Grrrrreat barrier reef at 0.535c!!!
Hope today can close at 0.54c : )
Buy if it breaks above 54c. For the moment, it seems there are still stale bulls around
Touches 0.50c on 22/7/08. Any sign for rebound?
Is the TA still looking bad??? Thanks.
CWQuah ( Date: 23-Jul-2008 01:39) Posted:
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Long long way to go - may hit 46.5c.
Range for tomorrow is 48-52c.
FA good but TA bad... will drop more ... before it raise?
Anyone can comment on my TA results?
wow.. so cheap... 0.50 only... is the FA of the company sounds?
July 11 close S$0.64.
July 16 close S$0.59
July 17 close ........... ??? any prediction.???
AusGroup Ltd
July 11 close: S$0.64
OCBC INVESTMENT RESEARCH, July 11
AusGroup announced that it has won a new A$42.8 million (S$55.9 million) contract from Apache Energy Ltd. This takes its order book to A$223 million, a historic high for the company....
AusGroup is currently trading at a FY 2009 PE of 6.5. We maintain our 'buy' rating and S$1.33 fair value estimate.
BUY
i think today's volume for Ausgroup will be at the recent low...given mid-day currently only at less than 400,000 traded
AUSGROUP has announced a new major contract in excess of A$21 million. This brings the total order book for the Group to over A$200 million.
The contract is to fabricate a twin cell car dumper and iron ore wagon indexer for unloading of iron ore trains delivering ore to a new iron ore export facility at Port Hedland in the Pilbara region of Western Australia.
This is a repeat order from an existing customer.
AusGroup will commence work immediately and expects delivery by June 2009.
“The growth momentum in Australia’s mining sector continues to be strong. We are experiencing strong demand for our services, particularly in the areas of fabrication for car dumpers where we have established a strong track record for cost-efficient timely delivery,” said Mr John Sheridan, MD of AusGroup.
”Our twin exposures to the minerals and oil and gas development boom in Australasia will continue to propel our growth forward.”
Another good news.
The contract is to fabricate a twin cell car dumper and iron ore wagon indexer for unloading of iron ore trains delivering ore to a new iron ore export facility at Port Hedland in the Pilbara region of Western Australia.
This is a repeat order from an existing customer.
AusGroup will commence work immediately and expects delivery by June 2009.
“The growth momentum in Australia’s mining sector continues to be strong. We are experiencing strong demand for our services, particularly in the areas of fabrication for car dumpers where we have established a strong track record for cost-efficient timely delivery,” said Mr John Sheridan, MD of AusGroup.
”Our twin exposures to the minerals and oil and gas development boom in Australasia will continue to propel our growth forward.”
Another good news.
although the buy queue is very solid at $0.88 ...mm..dunno izit my gut feeling telling me...tt it seems this counter can't be pushed up any more at the moment...just can't break past $0.89 even with such a long queue behind...the queue might be a false one by the BBs ...just a personal idea la
VESTED @ 89.5 THIS MORNING.. saw accumulation going on..so went in
its up into the 90cents region again today
AusGroup
May 30 close: S$0.89
OCBC Investment Research, May 30
STRONG base, strong market: AusGroup provides diversified engineering solutions to a well-pedigreed customer base acting primarily in the oil & gas and mining-related sectors. It has a strong track record with players like Rio Tinto, Alcoa, BHP Billiton, and Woodside Energy. Both the oil & gas and mining industries are flourishing in Australia - over A$30 billion (S$39 billion) is being spent on new mining-related capex in the country just this year. We believe the oil & gas industry will be the critical revenue driver for the company in the medium term, with growth being propelled by some serious supply constraints. As production focus shifts, technology and capex requirements have spiralled but retain feasibility in a high demand and price landscape.
AusGroup is a compelling 'buy': Strong industry outlook, the company's valedictorian track record and tantalising possibilities for synergy with Cactus make a persuasive case for AusGroup. We initiate coverage with a 'buy' and a fair-value estimate of S$1.33, 55 per cent higher than current levels, based on a reasonable 0.47 times PE growth (30 per cent net profit CAGR) and a 14 times FY2009 PE.
BUY
Strong buying interest
well guys, this counter is on the move again. seems that with higher oil price, this counter will cheong. good stock to accumulate.
check out this counter this morning~!