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681-700 of 805
target price $1...let it ride! woohoo!
The clear break of the 75 cts resistance and on heavy volume augurs well.
Expect more upside in coming weeks ......
Bullish TA signs... Acc/Dist and Chaikin all uptrending.
yippee!!! 77cts!!! if momentum is kept, dun think it will have any trouble crossing immed resistance of 78.5 and then 80cts
DJ MARKET TALK: AusGroup May Get More Offshore Deals - UOB-KH (2007-04-05 07:54:00)
0754 GMT [Dow Jones] STOCK CALL: AusGroup''s (5GJ.SG)
cut and paste from CNA forum, this UOBKH morning notes dated 5th April 07
Just read that report : Extracted :
AusGroup
Wins A$26m contract for offshore gas platform.
AusGroup has secured an A$26-28m contract to build an unmanned gas
platform for an unnamed customer, which is supposed to be one of
Europe?s biggest oilfield service companies by market capitalisation. We
suspect that this customer is ENI, and that the platform is for the Blacktip
gas development. The work on the platform includes the jacket, topside
modules and the piles. The platform will be connected to an onshore gas
plant via an 18? subsea pipeline 108km long. We believe that this will be
the start of some very exciting news flow for AusGroup in the coming
months. As reported earlier, out of 16 of the major Asia-Pacific offshore
projects planned till 2015, 10 will be in Australia. The Blacktip
development is one of the first of these projects to be underway.
Expect strong demand for oil and gas projects in Australia.
Given the large number of offshore developments in Ausgralia, we expect
AusGroup to benefit from this period of high activity due to its diverse range of
capabilities, which we expect to be in demand as activity within the segment
continues to grow.
1) AusGroup is the only Australian based company with experience in
constructing fixed production platforms
2) Experience in the niche area of fabrication of subsea templates and
structures (non-Cactus),
3) Experience in building oil and gas onshore processing facilities
4) Experience in LNG acoustic and cryogenic insulation.
Latest industry statistics shows that demand continues to be strong
The Australian Bureau of Statistics (ABS) recently released the latest survey
data of the Australian mining industry. In this latest release, new capex spending
for the Australian mining industry is expected to reach a new all time high of
A$26.2b in FY08. This is 71.2% higher than the first estimate for FY07,
published in March 06, and 13% higher than the current estimate for FY07. In
addition to this, the latest estimate for FY07 has been raised by 14.7% to
A$23.2b. This is the fourth consecutive increase of the FY07 estimate since it
was initiated in March 06.
Overwhelming demand for subsea production systems
FMC Technologies, one of Cactus? key customers reported strong orders of
US$2.3b for subsea systems in FY06, with backlogs reaching a new record high
of US$1.8b, 39% higher than in the previous year, indicating the continued
strong demand for subsea production systems.
BUY recommendation maintained
Given the extremely positive outlook for Australian operations and continued
strength in demand for subsea equipment, we maintain our BUY
recommendation on AusGroup. Our target price of S$1.02 is based on a sumof-
the-parts PE valuation, using 17.9x FY07 PE for the Australian business and
14.0x FY07 PE to value Cactus? operations and corresponds with our DCF
valuation.
the funny thing is that peoples look for instant gratification
and more often than not get caught wrong footed
INVEST
 x 0
 x 0 |
a hint was given y'day (please read that posting)...i exited the stock when the going wasnt good juz b4 and during the meltdown @ 70+ cts downwards ...i reentered @ sub 60 cts and have been accumulating
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UOBKayhian targets $1.02! this morning
BUY recommendation maintained Given the extremely positive outlook for Australian operations and continued strength in demand for subsea equipment, we maintain our BUY recommendation on AusGroup. Our target price of S$1.02 is based on a sumof- the-parts PE valuation, using 17.9x FY07 PE for the Australian business and 14.0x FY07 PE to value Cactus? operations and corresponds with our DCF valuation.
The report is came in perfectly..
Now we should see Ausgroup inching closer to the $1 mark..
accumulate more..this baby is gonna rock..
they company don't just announce that they will give yearly dividends for nothing..
shows that they are darn confident that the biz will do darn WELL!
the moral of the story is:
invest in some growth stocks; don't always punt for that one to two to
three bids on speculative counters
Press release:
Ausgroup wins A$26-28 million contract (check SGX ann)
MORE TO COME .............
steady as she goes ....
All technical indicators point to a recovery in stock price.
Break 70 cts and a retest of high of 80 cts on the cards and with
subsequent ascent to new highs, as fundamentals come into force.
FA wise, second half performance for ausgroup is always better
then the first half traditionally, as reported.
Coy has also announced a dividend policy which would come into play
on full year reporting.
Oil and Commodity still in demand globally with India and China being
contributory factors.
Power generation coys undergoing consolidation in Australia (likes of Alinta)
and maintenance contracts continue to be awarded.
Ausgroup in first half year reporting indicated that coy has submitted many tenders
for contracts....so don't be surprised if more contracts are announced.
Cactus Engineering continue to outperform.
Migration to main board should be in the offing
yes, make a move ... and smile
yes..u are right...this share has good potential..
auz mining..damn big..HUGE..massive..
vested @ 62 when the correction took place..
moving as expected ... hope you folks noticed it
...not for contra though
thats what this forum is for ...sharing (all technicals positive, TA wise)
The consolidation for ausgroup is now about two months old, since Feb 7th. Technical indicators like MFI, Trix, MACD, Stochs and Momentum all point to trend contiunation. This is verified by the crossing of two ma (moving averages) since 4 days ago, namely 10 days ma cutting 20 days ma.
We should see at least a minimum of 25% upside from here over a 3 months period. Contra positioning maybe a bit dicey though
I buy at 770, hope it really can meet my expectations...
Congratz to those who dared to buy when it was sub 60 cts (see below posts). The rally is not over yet.
buy volume at 665 slowly building up, hopefully we can see 70 cts by next week
Yes agree.....macd and momentum indicators show rebound and volume is increasing. Stock price is now approaching the 50 days ma levels as you have correctly pointed out. 100days ma is strong support. Once cut, the directional indicators will show. ..D+ is about to cut D- from below though it has yet to be showwn on the ADX. 6.75 and 70 cts are the immediate resistances. The stochastics has captured the rebound and confirmation at the weekly level should be evident in coming days.
