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Thank you Bintang for sharing your analysis and Richtan for your kind advice. Correct me if I'm wrong, looks like if that is the case, a price between $0.67 to $.70 may be a good price to re-enter for mid-term investment.
This is only my view on AusGroup n I hope it is wild guessing , n may not come true . AusGroup has just broke down the extention trendline of joining the 2 lowest points between 13/7 n 18/8 , 13EMA n 26EMA are turning down above the share price . RSI (14) is turning down n is at its lowest point since July . The immediate support is at 67 cents . If there is a rebound , n the share price is back above the trendline within a couple of days , then this penetration would be invalid . Otherwise stop loss must to be set near the trendline to have protection . The long term trend is still intact but the pull back is a healthy correction for the recent fast run up .
Hi juyong,
I really cant advise u on whether or not to buy or sell, as it all depends on individual trading strategy (short, mid, long-term, trader or investor, etc) and risk tolerance level.
As I always mentioned, dyodd n BOSAYOR.
I only share my chart analysis n u have to make your own decision n set your stop-loss point.
juyong ( Date: 03-Oct-2009 12:08) Posted:
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Hi Richtan
I had previously bought and sold Ausgroup with profits. Now with the pullback, I'm thinking of re-entering. Do you think the last done price is good price to re-enter? I'm worried that with the current broad market weakness, it may drop further. I remember you mentioned that the support is at 0.66, wonder if I should a bit... Your advice will be appreciated. Thank you.
Click on the link as indicated below:-
bennykusman ( Date: 01-Oct-2009 11:59) Posted:
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| Company Background |
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| AusGroup Limited is a mainboard-listed energy & resources specialist. It is primarily based inAustralia, where it is a dominant player in the supply of total engineering solutions, which includes fabrication, mechanical installations and maintenance. Being involved in the building, maintaining and upgrading of infrastructure, plant and equipment used in the extraction and processing of energy & resources, AusGroup is well positioned to benefit from the increasing capital investments in these industries. |
bennykusman ( Date: 01-Oct-2009 11:59) Posted:
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Ausgroup rated outperform
The Edge, 30 Sept 2009
CIMB in a Sept 30 research report says: "AusGroup provides fabrication, construction and asset maintenance services to the oil, gas
and mineral resource industries. Capex for the Gorgon LNG project in Western Australia has been projected at A$43 billion. Tendering
for various contracts is underway and we believe AusGroup can secure an initial A$125 million contract in FY2010.
"AusGroup is bidding for A$2 billion worth of orders in LNG and mineral resources over the next 12 months. We estimate its order book
could grow by 25% to A$500 million by June 2010 from A$400 million currently. AusGroup is trading at a market cap to order book of
0.74x, a discount to its 3-year average of 1.34x. On a forward P/E basis, it is trading at 9x for CY11, below its historical 13x average.
We see a buying opportunity. Target price of $1.08. OUTPERFORM (initiating coverage)."
Likely to pickup in afternnon trading. Worth buy at 0.697 or 0.7.
Cheer
still adopting the strategy..
can get below 70c even better!
cheers!
ozone2002 ( Date: 01-Oct-2009 09:34) Posted:
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oops sorry typo error, i meant to say Gorgon, not Gordon....
My 2 cents worth...
As mentioned before, there are many competitors bidding for each slice of this huge project which will last for many years to come.
It’s now only at tendering stage & at the intitial phase. Due to the economic situation, bidders will try to outdo each other, at the end of the day, profit margin will be squeezed. As in many project mgmt, sometimes it is about connection or corruption, sadly, and sometimes, it is about political pressure. The only advantage is being a local supplier/co & supported by the local gov who approved the project.
Is Gordon the only one? No, there are also many other projects that can potentially be won. So, Gorgon should not be the only reason you want to invest in this stock. Pls do your own further reading & analysis. Good Luck.
http://www.ausclad.com.au/
anyone knows ausgroup website ?
pharoah88 ( Date: 01-Oct-2009 11:45) Posted:
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Check Out TODAY ONLINE BUSINESS PAGES. Thursday 1st OCTOBER 2009.
AUSGROUP is in the GORGON Project TENDER and will get ORDERS.
ANALYST RATED BUY S$0.72
TARGET PRICE S$1.08
AUSGROUP will GAP UP when TENDER RESULT is ANNOUNCED.
Need to hold the stock first.
Below is my long-term chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
If break and close above 0.76 (see chart below: upper down-sloping resistance line)will likely confirm the bullish flag continuation pattern, especially if on high vol.
richtan ( Date: 01-Oct-2009 00:01) Posted:
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If break....it'll be great & a good way to celebrate Children's day.
tankuku ( Date: 01-Oct-2009 09:18) Posted:
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best of best strategy..
:)
ozone2002 ( Date: 29-Sep-2009 10:33) Posted:
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"Trade Summary" at this point in time shows extremely heavy buying-up, but of course, nothing is guaranteed, may change,
so dyodd n BOSAYOR:
5GJ (AusGroup)
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Should chong today with oil up to$70.
Will cross $0.8 once break resistance at $0.75. Vest