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hi m34567
care to explain how you analysed correctly stock would move in range of 0.73 - 0.76. got this from market gossip? or analysing accumulation/distribution pattern for the week.
results out so there should be either up or down movement but this is like ping pong ball.
Westcomb has revised target price for Ausgroup from 80 cts to 96 cts and keeps BUY call.
Hi m34567, thanks for your insights. FYI, the UOBKH's analyst report on Ausgroup is just out. They have revised the target upwards to $1.02, using both the DCF and PE methods. It is still trading below the peers listed in austalia's stock exchange by a wide margin in terms of PE. Rgds
the stock is underpinned and will trade within the band of 72 to 78 cts... 80cts is the near term resistance as suggested by the trailing PE which is not over valued in my opinion... watch out for the re-valuation by UOBKH and new contracts, as the company has submitted various tenders as documented in their power point presentation, which will be the catalyst... as there is intention to migrate to the main board, the divdend policy, will stand it in good stead... Cactus is operating at full capacity and so contributions to earnings here also underpins... growth will come from M&A and new contracts and the regional oil & gas sector, outside of Australia.
hi m34567
which way are u calling the direction of this stock? up or down this week.
any chance of it hitting 0.8 again this week
oops m34567. u guess it right. its over my expectation. well done. cheers.
MEDIA RELEASE - FOR IMMEDIATE RELEASE
AusGroup half year profit surges 133%
? Fast growing energy and resources specialist set for another record year
? Revenue boost of 20%
? Dividend policy to reward shareholders
SINGAPORE - 12 February 2007 - SGX Sesdaq-listed AusGroup Limited ("AGL" or "Ausgroup" or "the Group"), a fast growing energy and resources specialist, has posted another strong set of results, benefiting from the continued boom of the commodities market in Western Australia as well as the strategic move to acquire Singapore subsidiary Cactus Engineering in July 2008.
The Group saw its net profit for the half year ended 31 December 2006 grow 133% to A$82 million from A$3.5 million a year before.
FINANCIAL OVERVIEW
The increase in net profit is due to steady revenue growth as well as higher valued work done during the period . Revenue grew 20% to A$126. 1 million from A$104.7 million a year before while net profit margin improved from 3.4% to 6.5%.
During the period , the Group generated a positive cashflow from operations of A$7.6 million. AusGroup ended the period with a healthy net cash balance of A$21. 1 million.
Mr Stuart Kenny, Managing Director of AusGroup commented, "This has been in line with our strategy as was articulated in the last period. Other than steadily growing the revenue, we wanted to do higher valued work and extract more value out of our existing work. Our focus on careful growth and better risk management has resulted in an improvement in our net profit margin."
EXCITING STAGE OF GROWTH
While AusGroup still derives the bulk of its revenue from its Australian operations, Mr Stuart Kenny, Managing Director, believes that could be set to change. 'We remain confident that our acquisition of Cactus in July 2006 will bear further fruits in the near future. Our Singapore operations has the potential to achieve similar rates of growth as our Australian operations in the near future."
"The Group is at an exciting stage of growth. We see two main growth engines from Cactus in the near term. Firstly, Cactus's niche market of sub-sea oil production system is experiencing exponential growth. As oil production goes into deeper water, there is an increasing need to employ;such, sub-sea systems to extract more value out of existing oil
production systems: Secondly, this strategic foothold into Singapore will put us in a good position to undertake work similar to what we have always been doing in Australia. We are confident our highly recognized engineering capabilities in fabrication and related work is relevant to the booming oil and gas industries here-" Mr Stuart Kenny said.
"in the longer term, our vision is to use Singapore as a launch pad for further expansion and compete on a global basis."
INDUSTRY OUTLOOK
AusGroup's Australian operations continue to benefit from the robust demand for commodities globally, especially China . This drives the demand for engineering and maintenance services, which AusGroup provides to renowned industry players such as BHP Billiton , Rio Tinto and Minara Resources.
Cactus's current niche is in fabrication and machining on sub-sea oil production systems. These systems are enjoying an exponential growth in demand due to increased sub-sea oil production activities. Quest offshore has projected a bullish outlook for 2006 and beyond, with subsea production capex for 2006-2012 to grow to US$31.3 billion.
DIVIDEND POLICY
In line with the robust results and optimistic outlook , the Board has implemented a dividend policy of rewarding shareholders with 10% of net profit of the Group at the end of every financial year, subject to capital and business requirements of the Group. The maiden dividend payout will be announced in conjunction with the Group 's FY2007 results. Mr Stuart Kenny said , "During this exciting stage of growth , we believe this policy will help us reward our shareholders while still retaining our capital to fuel the Group's further development."
Mr Kenny added, "Barring unforeseen circumstances, we are confident that this will be a record year for AusGroup. We will continue working hard to generate value for the shareholders who have shown faith in us."
AusGroup half year profit surges 133%
? Fast growing energy and resources specialist set for another record year
? Revenue boost of 20%
? Dividend policy to reward shareholders
SINGAPORE - 12 February 2007 - SGX Sesdaq-listed AusGroup Limited ("AGL" or "Ausgroup" or "the Group"), a fast growing energy and resources specialist, has posted another strong set of results, benefiting from the continued boom of the commodities market in Western Australia as well as the strategic move to acquire Singapore subsidiary Cactus Engineering in July 2008.
The Group saw its net profit for the half year ended 31 December 2006 grow 133% to A$82 million from A$3.5 million a year before.
FINANCIAL OVERVIEW
The increase in net profit is due to steady revenue growth as well as higher valued work done during the period . Revenue grew 20% to A$126. 1 million from A$104.7 million a year before while net profit margin improved from 3.4% to 6.5%.
During the period , the Group generated a positive cashflow from operations of A$7.6 million. AusGroup ended the period with a healthy net cash balance of A$21. 1 million.
Mr Stuart Kenny, Managing Director of AusGroup commented, "This has been in line with our strategy as was articulated in the last period. Other than steadily growing the revenue, we wanted to do higher valued work and extract more value out of our existing work. Our focus on careful growth and better risk management has resulted in an improvement in our net profit margin."
EXCITING STAGE OF GROWTH
While AusGroup still derives the bulk of its revenue from its Australian operations, Mr Stuart Kenny, Managing Director, believes that could be set to change. 'We remain confident that our acquisition of Cactus in July 2006 will bear further fruits in the near future. Our Singapore operations has the potential to achieve similar rates of growth as our Australian operations in the near future."
"The Group is at an exciting stage of growth. We see two main growth engines from Cactus in the near term. Firstly, Cactus's niche market of sub-sea oil production system is experiencing exponential growth. As oil production goes into deeper water, there is an increasing need to employ;such, sub-sea systems to extract more value out of existing oil
production systems: Secondly, this strategic foothold into Singapore will put us in a good position to undertake work similar to what we have always been doing in Australia. We are confident our highly recognized engineering capabilities in fabrication and related work is relevant to the booming oil and gas industries here-" Mr Stuart Kenny said.
"in the longer term, our vision is to use Singapore as a launch pad for further expansion and compete on a global basis."
INDUSTRY OUTLOOK
AusGroup's Australian operations continue to benefit from the robust demand for commodities globally, especially China . This drives the demand for engineering and maintenance services, which AusGroup provides to renowned industry players such as BHP Billiton , Rio Tinto and Minara Resources.
Cactus's current niche is in fabrication and machining on sub-sea oil production systems. These systems are enjoying an exponential growth in demand due to increased sub-sea oil production activities. Quest offshore has projected a bullish outlook for 2006 and beyond, with subsea production capex for 2006-2012 to grow to US$31.3 billion.
DIVIDEND POLICY
In line with the robust results and optimistic outlook , the Board has implemented a dividend policy of rewarding shareholders with 10% of net profit of the Group at the end of every financial year, subject to capital and business requirements of the Group. The maiden dividend payout will be announced in conjunction with the Group 's FY2007 results. Mr Stuart Kenny said , "During this exciting stage of growth , we believe this policy will help us reward our shareholders while still retaining our capital to fuel the Group's further development."
Mr Kenny added, "Barring unforeseen circumstances, we are confident that this will be a record year for AusGroup. We will continue working hard to generate value for the shareholders who have shown faith in us."
after tax profits first half for 2007 came in at A$8.246 million (or S$9.73 million, using exchange rate of 1.18).... cheong cheeeoooonnngg
Hi koleiwa, thanks for the pointer, ... it was merely a conjecture - the earnings for Ausgroup was extrapolated from analysts' reports ...u may be right on the eps and npat.
Today's low suggest some weeding excercise and TA shows we may be in for an interesting afternoon here, and over the next few days ...with an interesting direction for the stock...... cheers
If really 9 to 10 million . this results is sterling enough to sent the stock above $1. that is the value of trade in friday trading, cannot use to judge the financial results. dont forget there are sell and buy, not all buy. Expected npat to be of AUD$7-7.5 million for 1half 2007, est. eps for 1st half 2007 to be of AUD2.45 cents. Currently tading at a foward'07 pe of 15.5X. With a highly prospective outlook which given a foward pe'08 of 22X target price will be $1.07 if at pe trailing of 25 X of comparable peers without discount target will be $1.22-$1.23.
Can we expect the 1H07 nett earnings to be in the region of abt $9 to $10 million taking the median $9.5 million and at friday's closing of 76 cts the prospective PE on an annualised basis, works out to @13.5X (issued shares 339,477,000) ... listed peers in ASX trading at historical PE of abt 25X. Valuations are hence undemanding. Various calculations can be done but new contracts recently acquired have yet to figure in 2H07.
Results expected to be posted on 15th febuary 2007. Stay tuned.
yes, hosay liao...
since 30+ cts and then 50+ cts and then 70+ cts, the various stages, it was unseen unheard and unloved, by many ...and the same can be said again, when we move forward into the next 6 months when it ctahes up with it's peers at ......
the results must be fantastic. more show to be expected. hosay liao.
will run up to monday with a big bang
adios and good luck folks
at PC (post close) trade the stock saw 244 lots done at 76 cts; candlesticks purists will note the higher high and higher low confirmation of the uptrend; the expanding bollingers suggests no derailment of trend in the near term and candles are well within bollingers band; in the last rally (i.e. 6 Oct to 7 Nov) the RSI stayed above the 70 levels for about 4 weeks; in this rally the RSI stayed above 70 since Jan 22 i.e.e about 2 weeks.
no divergences are spotted as well with all commonly used TA indicators
Some healthy profit taking is evident now but candles on daily chart, as of now, show higher high and higher low, and what appears to be a hanging man, developing, should be negated, and the uptrend will resume....no divergences are spotted on indicators, RSI MACD stochs momentum etc etc etc and ADX still shows uptrend intact ... strong support at 73.5 cts and has consolidated at this level as evident in 60 minutes, 2 hour and 4 hours charts, last week.
Ausgroup should be reporting results soon. Last year was on Feb 5th, i think. Within the next 1 to 3 weeks this stock should be re-rated. Current PE is abt 19X (historical PE) and rolling PE is about 17.2X (rolling means ...based on last announced results). But the contract from Alinta Energy and the contributions from Cactus Engineering has not been factored in and will figure in the upcoming results and by extension the PE will be in the low teens. It can be said to be undervalued for if one look at her peers, like Monadelphous Group, listed in ASX, (Australia) which is trading at about 24 to 25X PE. The M Group has abt 50% mkt share of the australian mining sector, whereas Ausgroup has about 30% with the potential to grow and moreover the Alinta contract means Ausgrp is now into the power generation sector (electricity, light and gas,... as opposed to oil n gas and mining), a new sector. Looks promising.
Yes, in full agreement, TA wise.
The Alinta Energy contract announcement was a surprise and i wont be surprised if more contracts are announced in coming months. Managment is working hard in this direction and augurs well for shareholders, results not withstanding, if past announcements are an indication, then 80cts would be a breeze.
the chart is very compelling. strong support at $0.71 , immediate support at $0.735. resistance 0.75. can be easily break through to see nxt high of 0.765. if break should see nxt resistanc of $0.80. if more compelling results announce might see nxt high which is to be revalued.