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Latest Posts By ozone2002 - Supreme      About ozone2002
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06-May-2013 11:43 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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for those who have lost faith in Ausgrp may want to consider Geo energy as an alternative..

gd luck dyodd
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06-May-2013 11:33 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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Excerpts from latest analyst reports....

OSK-DMG says knee-jerk selling provides entry point into AusGroup 

Analyst: Lee Yue Jer

AusGroup made an announcement today regarding i) withholding of AUD21.7m of progress payments from Karara Mining Ltd (KML), ii) KML’s notice of intent to call on AusGroup’s AUD8.8m performance security, and iii) KML’s claim against AusGroup of unfinalised value. We cut FY13F earnings by 21% to reflect possible provisions, and reduce our TP to SGD0.66 (from SGD0.73) based on 9x blended FY13F/14F EPS. 

marinecomplex lctAn AusGroup fabrication complex in Australia. NextInsight file photoNo complaint from KML on past 13 months of work.  AusGroup stated that “in the past 13 months AGC has performed this contract, KML have not issued any formal show cause notice” and that “KML has not provided a substantiated basis for refusing payment”. Operations began at KML on 9 Apr 2013, and according to Gindalbie Metals, production “continued to ramp up…currently running at 70% of its capacity”.
 

KML is a JV between ASX-listed Gindalbie Metals and China’s AnSteel. KML appears financially-troubled. 
MiningWeekly states that during the March quarter, each JV partner advanced a AUD50m interest-free loan to KML “to assist with short-term capital requirements”, which was subsequently followed by AUD30m advances from both parties. Three days ago, AnSteel offered another AUD30m loan to KML. Gindalbie’s MD expects it to turn “cash flow positive within months”.
 

Appears to be a squeeze on suppliers/contractors.
  From this angle, KML’s action against AusGroup appears to be an effort to pass losses on to its suppliers and contractors. AusGroup’s legal team is of the opinion that the Progress Payments are validly due. There is of course a possibility that AusGroup did not perform satisfactory works and KML is due damages, but the fact that the mine is now operational and ramping up production gives more credence to AusGroup’s point of view.
 

Market knee-jerk reaction offers attractive entry point. 
While we have made an AUD6m adjustment to reflect possible provisions, the dispute resolution process now currently underway may produce a better result. AusGroup remains in a net cash position, and valuation is attractive at 6.4x FY14F EPS. We maintain our BUY call with a lower TP of SGD0.66.
 

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06-May-2013 11:22 Golden Agri-Res   /   GoldenAgr       Go to Message
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anything can happen in the investing world..

just have to cover ur downside risk with stop loss if a black swan event like this happens..

pointer      ( Date: 05-May-2013 01:46) Posted:

Few days after u posted bullish in AusGroup, it sunk. Will GoldenAgri be the same?

ozone2002      ( Date: 25-Apr-2013 15:23) Posted:



UOB chart genie trigger.. looks like a reversal from downtrend

Time: 2:52PM
Exchange: SGX
Stock: GoldenAgr(E5H)
Signal: Bullish MACD Crossover
Last Done: $0.56

 

gd luck dyodd


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06-May-2013 10:56 Vard   /   Vard Holdings       Go to Message
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still one of the better O& M stocks IMHO

cheaper price for good businesses  means it's on sale and at a discount..

gd luck dyodd
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06-May-2013 10:52 Kreuz   /   Kreuz cruising back up?       Go to Message
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from UOB chart genie

Time: 10:05AM
Exchange: SGX
Stock: Kreuz(5RK)
Signal: Bullish MACD Crossover
Last Done: $0.56

Time: 10:13AM
Exchange: SGX
Stock: Kreuz(5RK)
Signal: Resistance - Breakout with High Volume

 
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06-May-2013 10:48 China Minzhong   /   China Minzhong Food forum       Go to Message
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up 4c today..

have to break resistance of 1.02 to confirm the uptrend..

gd luck dyodd
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06-May-2013 10:46 Golden Agri-Res   /   GoldenAgr       Go to Message
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Bloomberg reported Widjaja looking to do LBO on GAR..

hence the rise in GAR today

gd luck dyodd
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06-May-2013 10:43 Kreuz   /   Kreuz cruising back up?       Go to Message
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jumped up 3 c today..

still a good stock to invest in

gd luck dyodd
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06-May-2013 10:33 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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let the falling knife land to the ground before doing anything else

gd luck dyodd
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03-May-2013 11:30 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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kenna whacked 13 %...

should have some bounce up

gd luck dyodd
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03-May-2013 11:28 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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AusGroup announced that Karara Mining (KML) (a company

incorporated in Perth, Western Australia) has withheld

progress payments of about AU$21.7m for structural,

mechanical and piping installation works carried out by

AusGroup’s wholly-owned subsidiary, AGC Industries (AGC)

at KML’s Karara Iron Ore Project in Western Australia

pursuant to a 2012 contract entered into between AGC and

KML. AGC is actively liaising with KML management to

attempt to resolve the current situation.

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03-May-2013 09:38 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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bad news...
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02-May-2013 15:35 China Minzhong   /   China Minzhong Food forum       Go to Message
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Downtrending..

gd luck dyodd

ozone2002      ( Date: 26-Apr-2013 09:23) Posted:



based on TA it's in a clear down trend.. have to wait it out for signs of a reversal before

opening long positions again..

gd luck dyodd

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02-May-2013 14:53 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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535 all makan up..

3 million done so far
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02-May-2013 13:02 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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Time: 10:47AM
Exchange: SGX
Stock: AusGroup(5GJ)
Signal: Bullish MACD Crossover
Last Done: $0.535
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02-May-2013 09:04 Nam Cheong   /   Nam Cheong       Go to Message
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Time: 8:58AM
Exchange: SGX
Stock: Nam Cheong(N4E)
Signal: Bullish MACD Centerline Crossover
Last Done: $0.255
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30-Apr-2013 09:04 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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triggered again

Time: 8:58AM
Exchange: SGX
Stock: AusGroup(5GJ)
Signal: Bullish MACD Crossover
Last Done: $0.535
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29-Apr-2013 16:56 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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TA for ausgrp  is bullish ..

gd luck dyodd
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29-Apr-2013 12:41 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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Time: 10:22AM
Exchange: SGX
Stock: AusGroup(5GJ)
Signal: Bullish MACD Centerline Crossover
Last Done: $0.545
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29-Apr-2013 10:29 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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2.8 m shares done..

gd luck dyodd

hope to see a break out on the upside
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