AEI
AEI : 30% rise in Aluminium price
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Now $0.141.. Looks promising!
will rally like A-SONIC(AEROSPACE)..Singapore becoming a hub for aerospace, plans to be biggest in ASIA
sumitrade ( Date: 09-Sep-2013 15:57) Posted:
YES..Senior! Wat is the good news?
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YES..Senior! Wat is the good news?
this counter waking up after 3years in SLEEPS!
OH YES!
bluetoes ( Date: 09-Oct-2010 23:39) Posted:
| volume going up....something brewing... |
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Hit pass $0.165 and now at $0.17...GO GO GO !!!
Movement detected
I agree.
http://www.myedutrade.com/
bluetoes ( Date: 09-Oct-2010 23:39) Posted:
| volume going up....something brewing... |
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volume going up....something brewing...
Time for this burger to wake up........
STI make another new high. Aluminium continue to go higher.
AEI Corp annouce 2H results announced on 16 Feb 2008, 28 Feb 2009 and 22 Feb 2010. I will not know the exact release date of 2H 2010 result. I don't know when AEI Corp reach to NTA value, neither do I know STI will go higher or consolidate or correction.
I suspect interest in AEI Corp is low due to XD of 3 cents dividends and bad 1H 2010 due to falling price of aluminium. With the recovery of alumiunm price, hopefully AEI Corp share price will move up.
Cheerish ( Date: 29-Sep-2010 23:16) Posted:
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What is the time frame for AEI ? A year to reach the NTA value? Since STI has reached the peak, do you forsee the price will not drop more or stablise here ?
I have noticed that this stock price hardly move at all and very low volume. Why is it so?
When is the 2H result going to announce?
gempicker ( Date: 29-Sep-2010 22:38) Posted:
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Buying back shares make sense for AEI Corp because it improve the NTA, EPS and PE ratio. Buying back shares also support share price, mgmt is confidence of the company.
Assume stable aluminium price, gross margin should improve. Assume the company has similar performance of result on 2H 2010 as compare to 1H 2010 but under stable aluminium price, the net profit for 2H 2010 will be more than $4.2m (as gross margin also improve). Let assume 2H 2010 net profit after tax is $4.5m.
Before share buy back of 5.2m shares
EPS (1/2 year) = 1.755 cents
NTA = 20.628 cent (base on 1H 2010 figure)
Cash & equiv = $22.629m
Total shares = 256.39677m shares
After share buy back of 5.2m shares
EPS (1/2 year) = 1.7915 cents
NTA = 21.055 cent (base on 1H 2010 figure)
Cash & equiv = $22.629m (base on 1H 2010 figure minus share buy back cost)
Total shares = 251.19677m shares
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31 Aug 2010, company buy back 3,115 lots of shares at 16.982 cents
30 Aug 2010, company buy back 2,085 lots of shares at 16.662 cents
14 Jun 2010, company buy back 4,800 lots of shares at 17 cents
10 May 2010, director buy 500 lots of share at 16.5 cents
25 Feb 2010, director buy 200 lots of shares at 17 cents.
What is the time frame for AEI ? A year to reach the NTA value? Since STI has reached the peak, do you forsee the price will not drop more or stablise here ?
I have noticed that this stock price hardly move at all and very low volume. Why is it so?
When is the 2H result going to announce?
gempicker ( Date: 29-Sep-2010 22:38) Posted:
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Buying back shares make sense for AEI Corp because it improve the NTA, EPS and PE ratio. Buying back shares also support share price, mgmt is confidence of the company.
Assume stable aluminium price, gross margin should improve. Assume the company has similar performance of result on 2H 2010 as compare to 1H 2010 but under stable aluminium price, the net profit for 2H 2010 will be more than $4.2m (as gross margin also improve). Let assume 2H 2010 net profit after tax is $4.5m.
Before share buy back of 5.2m shares
EPS (1/2 year) = 1.755 cents
NTA = 20.628 cent (base on 1H 2010 figure)
Cash & equiv = $22.629m
Total shares = 256.39677m shares
After share buy back of 5.2m shares
EPS (1/2 year) = 1.7915 cents
NTA = 21.055 cent (base on 1H 2010 figure)
Cash & equiv = $22.629m (base on 1H 2010 figure minus share buy back cost)
Total shares = 251.19677m shares
sureesh40 ( Date: 29-Sep-2010 15:05) Posted:
| Why does company want to buy back it's own shares, so that it can delist |
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Buying back shares make sense for AEI Corp because it improve the NTA, EPS and PE ratio. Buying back shares also support share price, mgmt is confidence of the company.
Assume stable aluminium price, gross margin should improve. Assume the company has similar performance of result on 2H 2010 as compare to 1H 2010 but under stable aluminium price, the net profit for 2H 2010 will be more than $4.2m (as gross margin also improve). Let assume 2H 2010 net profit after tax is $4.5m.
Before share buy back of 5.2m shares
EPS (1/2 year) = 1.755 cents
NTA = 20.628 cent (base on 1H 2010 figure)
Cash & equiv = $22.629m
Total shares = 256.39677m shares
After share buy back of 5.2m shares
EPS (1/2 year) = 1.7915 cents
NTA = 21.055 cent (base on 1H 2010 figure)
Cash & equiv = $22.629m (base on 1H 2010 figure minus share buy back cost)
Total shares = 251.19677m shares
sureesh40 ( Date: 29-Sep-2010 15:05) Posted:
Why does company want to buy back it's own shares, so that it can delist.
gempicker ( Date: 28-Sep-2010 00:49) Posted:
AEI Corp has aluminium MTM losses of $3.5778m and write down off inventory of $0.958m losses for 1H 2010 due to weakening of aluminium. If aluminium price is stable during 1H 2010, profit before tax should be $4.053m. Company report loss of $387K of disposal of Property, plant and equipment during 1H 2010 compare to loss of $68K on 1H 2009 (normally should be around or less than $200K disposal losses), hence 1H 2010 profit before tax should be around $4.2m.
Now the prices of aluminium has recover alot. So likely 2H 2010 profit should be good due to better gross margin + MTM profit (instead of losses) + lesser losses of disposal of Property, plant and equipment + no write down of inventory.
Company recently had buy back 5.2m shares at 16.5 cents to 17 cents on 30 and 31 Aug 2010. |
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Why does company want to buy back it's own shares, so that it can delist.
gempicker ( Date: 28-Sep-2010 00:49) Posted:
AEI Corp has aluminium MTM losses of $3.5778m and write down off inventory of $0.958m losses for 1H 2010 due to weakening of aluminium. If aluminium price is stable during 1H 2010, profit before tax should be $4.053m. Company report loss of $387K of disposal of Property, plant and equipment during 1H 2010 compare to loss of $68K on 1H 2009 (normally should be around or less than $200K disposal losses), hence 1H 2010 profit before tax should be around $4.2m.
Now the prices of aluminium has recover alot. So likely 2H 2010 profit should be good due to better gross margin + MTM profit (instead of losses) + lesser losses of disposal of Property, plant and equipment + no write down of inventory.
Company recently had buy back 5.2m shares at 16.5 cents to 17 cents on 30 and 31 Aug 2010. |
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AEI Corp has aluminium MTM losses of $3.5778m and write down off inventory of $0.958m losses for 1H 2010 due to weakening of aluminium. If aluminium price is stable during 1H 2010, profit before tax should be $4.053m. Company report loss of $387K of disposal of Property, plant and equipment during 1H 2010 compare to loss of $68K on 1H 2009 (normally should be around or less than $200K disposal losses), hence 1H 2010 profit before tax should be around $4.2m.
Now the prices of aluminium has recover alot. So likely 2H 2010 profit should be good due to better gross margin + MTM profit (instead of losses) + lesser losses of disposal of Property, plant and equipment + no write down of inventory.
Company recently had buy back 5.2m shares at 16.5 cents to 17 cents on 30 and 31 Aug 2010.
Is now a good time to buy into this stock?
Looking at their price, seems very atractive..
Good time for me to buy this counter again, targeting price of Sgd. 0.20 in near term!
victorian2 ( Date: 15-Jan-2010 00:46) Posted:
AEI did 2m.
One large buy up in the afternoon taking out 13.5 & 14c alltogether for a 1.18m trade. clost with a sell down at 13.5c when all trades were done at 14c. Volume increasing by the day..... hope for a breakout soon |
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Thank you, I make a substantial profit from it! Is it still good to buy accumulating more at this current price level Sgd. 0.19? Alluminium price has gone up >80% since first quarter 2090 low!
victorian2 ( Date: 11-Jan-2010 12:26) Posted:
Watch AEI....trading 7c below NTA.
Cash per share 10c..
Half year results profitble with 3.9m.
took a hit on the profit with writedown of aluminium inventory in 2009. Aluminium prices have gone back up 30%.
On top of being profitable....there will surely be writeback of inventory values. AEI has decent exposure to Chinese market where demand is high and evident in its half year numbers...... Counter should do well when it's cheap.... technicals are nascent. MACD turning up......bollis are tight, williams on the low side and ROC right at the bottom.....turning up.
good time to accumulate when price has not run up at all and accumulation in place at 12-15c for the last 4 months on decent daily accumulation. World Aluminium prices have gone back up 30%.......
http://online.wsj.com/article/SB10001424052748703585704574650561437547536.html?mod=WSJ_WorldMarketsRIGHTMoreInMarkets
World Aluminium market leader Alcoa up 30% since November.
Alcoa's earnings report Monday is likely to be a reminder that for now, a little bit of inflation is a good thing.
Associated Press
lcoa shares have rallied some 32% in the past month, and closed Friday at $17.02, compared with analysts' average target price of $16. Above, Alcoa's world headquarters in Pittsburgh.
.The aluminum giant's after-the-bell report marks the unofficial start to the fourth-quarter earnings season, with more than 40% of S&P 500 companies to follow by month-end.
Analysts expect the company to post a small profit of about $0.05 a share, according to Thomson Reuters. That would be its second straight gain after three quarterly losses. A year ago, Alcoa reported a loss of $0.28 a share.
For the earnings revival, Alcoa and other metal and mining companies have rising commodity prices to thank.
The weaker U.S. dollar, in which most commodities are priced, plus a rebound in global demand for autos and household consumer goods, has helped push aluminum prices to about $1 a pound from 60 cents last February, though prices remain below the $1.50 level seen in mid-2008.
.Other commodities have similarly rallied; copper, lead and zinc prices more than doubled in 2009. Such gains would set off inflationary alarm bells during normal economic times. But these are not yet normal times.
The severe, synchronized collapse of the global economy that skewered commodity prices sparked fears of the opposite, more pernicious problem: deflation. That cycle of falling prices and wages makes debts costlier and can prove more difficult for policy makers to combat.
For that reason, economists have welcomed the revival of commodity prices. But for stock investors, bullishness may have gotten carried away.
Alcoa shares have rallied some 32% in the past month, and closed Friday at $17.02, compared with analysts' average target price of $16. While rising prices are helping Alcoa for now, the company's longer-term prospects are clouded by overcapacity in the aluminum industry and by the risk that demand for metals could by hindered by a sluggish recovery.
"There could be some disappointment" if the company doesn't report signs of improvement beyond aluminum prices, such as higher sales volumes, says Deutsche Bank mining analyst Jorge Beristain.
Given aluminum's long-term challenges, copper or steel firms could prove a better gauge of the recovery. |
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