AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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3481-3500 of 5048
Jump almost 10%! missed the boat..
hohoho...secondary listing in ASX..
Turns out the new placements of shares are done by investment companies. The new funds as stated, will be used to repay debts to further improve the company's working capital and cash liquidity. While EPS are down, we are rest assured that debts have been reduced and new contracts have been won to further bring up future revenues, not taking into account the potential operating cost it requires of cause.
shawaw ( Date: 24-Mar-2011 13:48) Posted:
| new share placement ? seem like it will drive the price lower... |
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New contracts awarded
AusGroup Limited is pleased to announce the award of an AU$60 million Early Works contract by
Karara Mining Limited (‘Karara’).
The contract has been awarded to AusGroup’s subsidiary, AGC Industries Pty Ltd and will consist of
structural, mechanical and piping installation works at the company’s iron ore process plant located
approximately 210 kilometres east of Geraldton, Western Australia.
Mobilisation to site will commence in April 2011.
The Early Works contract involves all mechanical disciplines, scaffolding, rigging and procurement of
piping for the main contract which is currently being negotiated. The main contract is expected to be
valued in excess of AU$200 million.
AusGroup’s Managing Director John Sheridan said, " We have been working with Karara for some
time on this opportunity and we are delighted to be chosen by Karara for the mechanical works
services contract. We see this as a significant opportunity to develop a long term relationship with this
important client."
With this contract award, the Group’s order book stands at AU$262 million.
Anyone know why it is jumping up today? I bought at 0.42, wanna to sell or wait for it to reach around my buying price, struggling....
At last..this kangaroo is jumping..let see how high can it jump!
No a good news...sianz..
des_khor ( Date: 24-Mar-2011 09:53) Posted:
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Definitely, EPS dilutted the issue price is 10% lower.
Div south again ..
shawaw ( Date: 24-Mar-2011 13:48) Posted:
| new share placement ? seem like it will drive the price lower... |
|
new share placement ? seem like it will drive the price lower...
| * Asterisks denote mandatory information |
| " DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement." |
| Name of Announcer * |
AUSGROUP LIMITED |
| Company Registration No. |
200413014R |
| Announcement submitted on behalf of |
AUSGROUP LIMITED |
| Announcement is submitted with respect to * |
AUSGROUP LIMITED |
| Announcement is submitted by * |
Michael Anthony Hardwick |
| Designation * |
Chief Financial Officer |
| Date & Time of Broadcast |
24-Mar-2011 13:25:53 |
| Announcement No. |
00028 |
| The details of the announcement start here ... |
| Announcement Title * |
Proposed Placement Of 64,250,000 New Ordinary Shares |
| Specific shareholder's approval required? * |
No |
| Description |
|
| Attachments |
Total size = 25K
(2048K size limit recommended)
|
des_khor ( Date: 24-Mar-2011 09:53) Posted:
|
| Date of Trading Halt * |
24-03-2011 |
| Time of Trading Halt * |
0900 hours |
| Reasons for Trading Halt * |
| Pending material information announcement. |
|
Germs ? Halt !! haha !
With middle east problem, oil price should be moving more than S110 per barrel. This will directly benifit all oil related company.
Ausgroup is project to move above $0.40 this week, moving towards target of $0.65 with resistance of $0.55
Keep a look out , vest and good luck.
My broker say near term potential upside for Ausgroup, target price at $0.42
May announce more contract awarded, so recommmended to buy before it move.
Keep a look out and vest. Good luck.
My broker say no near term potential upside for Ausgroup, target price at $0.42
May announce more contract awarded, so recommmended to buy before it move.
Keep a look out and vest. Good luck.
Analysis had expected Ausgroup to improve it margins with stronger order momentum and rationalising of fabrication division, The turnaround has begun and stonger result is expected in Q2 2011 onwards. Target price of $0.42
Be vest and good luck.
THE WAY AusGroup’s CEO sees it, the company is moving towards a sweet spot in the second half of calendar year 2011.
It is set to clinch more work and its profit margins will recover to pre-financial crisis levels, resulting in a healthier net profit.
AusGroup has submitted tenders for A$446 million worth of work as of Feb 11 this year, whose results have not been announced. Typically, AusGroup is successful in about 30% of its submissions.
KEEP A LOOK OUT - MORE POSITIVE NEWS ON THE WAY, SECURING MORE CONTRACT.
Vest and good luck.
becareful
ausgrp reversal detected
broke out from 42c resistance
