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This 1 flush with cash - net cash per share =7c. NAV = 21c (@30 Jun 09). Problem is mgt not proactive, very idle. Don't know how to use the cash to grow business, has been sitting on this cash pile since 2 years ago (from placement). Last yr they wrote off big chunks of stocks value due to alumimium price collapse, but this year the reverse is true. Expect huge profit coming 2nd Half 09.
axlaxlaxl ( Date: 11-Nov-2009 10:23) Posted:
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Hi guys,
what are your views on this stock...seem to be stuck at between 0.12 and 0.125...not moving at all....checked the fundamentals...not too bad actually but it seems to miss out the rally all this while.
ANY update on this one ? trading below the NAV ?
tg reached...
Announcement:
Proposed Placement Of Up To And Aggregate Of 38,000,000 New Ordinary Shares In The Capital Of AEI Corporation Ltd.
As long as you hold this stock before 18.88c you should be fine. But continuing declining profits for this company may indicate it may soon be target of takeover if it does not recover in 2008. Furthermore it is getting more loan from others and placement shares to financial instituition. All these actions don't sound good.
Wah.. This one will a short for a quick profit.. 
Profit warning 1H07 ! No wonder 38m placement shares issued at huge discount of 18.88c fortnight ago. Directors not the honest type.
http://info.sgx.com/webcorannc.nsf/ef3ba6cb188613ea482571b2003641d3/382f18820b2bf121482573000038c9d8?OpenDocument
The mgt is lifting the trading halt tomorrow morning, let's see how much higher the price at the start of the trading.
I would be getting ready to jump in if the trend is good.
I dun think so; generally, this sort of announcement is positive; there are some examples. Do you remember the strong buy-up during last trading date, closing high at 22.5c? I will hold and take more.
Don't looks good. Placement at huge discount - 38m at 0.1888c per share. No wonder price fall from 26c to 19c this week. Monday will see further drop to below 19c.
http://info.sgx.com/webcorannc.nsf/560dd4b031b97d27482571b20043d38c/839f739b4ca5431c482572f40037e94e?OpenDocument
Something is brewing here, I heard that new investors are interested in this company.
Halted! Good or bad news.?
moving...slowly but surely.
Commodity (Aluminium) prices capitulate .. good news for AEI 'cos cheaper raw material cost. Bought yesterday @0.185.
Extracted from my blog [url]http://kelongstocks.blogspot.com[/url]
Please click on the links (either Archives I or Archives II) just above my "shoutbox" before you "support" my blog, thanks :)
[B]Technical Analysis[/B]
AEI traded as high as 40 cents in early 2004 and has been in a downtrend since then, it broke out of this downtrend in Sep 2005 when it crossed the EMA 50, 100 and 200 lines. Since then, it has tested and held above the EMA 200 support.
Supports: 22 cents (short term purple uptrend line), 21 cents (recent support), 20.5 cents (former resistance turned support)
Resistances: 23.5 cents and 24.5 cents (recent highs), blue upwards sloping resistance line
Extracted from my blog http://kelongstocks.blogspot.com
[b]Fundamental Analysis[/b]
AEI produces aluminium alloy extruded profiles and provides anodising services in order to meet its customers' finishing requirements. Business segments are (a) electronics and precision engineering and (b) construction and infrastructure building.
Substantial shareholder Treadstone Holdings Pte Ltd placed out 22m shares on 5 Apr 06 at 21 cents.
Revenues, net profits and net margins increased compared to a year ago due largely to higher sales in electronics and precision engineering segment as well as higher sales of aluminium scrap at higher prices. Company is affected by risng cost of raw materials especially aluminium prices. In FY 2005, aluminium prices fluctuated between $1700 to $2271 per metric ton, prices now stand at $2566.
..........continued at my blog