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Latest Posts By Peter_Pan - Supreme      About Peter_Pan
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08-May-2013 12:03 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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STOCKS NEWS SINGAPORE-Index at 5-1/2 year high, Wilmar up on profit jump

Singapore shares rose, led by Wilmar International Ltd 
after the palm oil firm's quarterly results beat 
market estimates. 
The Straits Times index < .FTSTI> was up 0.9 percent at 
3412.18 points after rising to as much as 3,413.5, its highest 
since January 2008. The index is up about 9 percent so far this 
year. 
However, some strategists warned of a limited upside, 
pointing to lacklustre earnings growth and disappointing 
economic data. 
" Without the prospect of earnings growth accelerating, we 
think it will be difficult for the Singapore stock market to 
re-rate higher from current levels," strategists at Nomura said 
in a report. " On the contrary, we think there is a high 
likelihood that the stock market will pull back given the 
deteriorating fundamentals."  
Wilmar was the top gainer on Wednesday, up 4.2 percent to 
S$3.45, its highest since April 4, but is still underperforming 
the broader market so far this year. Nearly 10 million shares 
were traded, 1.6 times the average full-day volume traded over 
the past 30 days. [ID:nL3N0DO4DV] 
1143 (0343 GMT) 
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08-May-2013 11:13 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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Charging Ahead...The Dawn of A New EraSmiley
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06-May-2013 13:33 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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STOCKS NEWS SINGAPORE-Index up COSCO corp hits 4-yr low 

Singapore shares rose on Monday as positive data from the United 
States instilled optimism and boosted investor confidence, while 
shares of COSCO Corp  tumbled to their lowest in more 
than four years on disappointing earnings. 
The Straits Times Index < .FTSTI> gained 0.4 percent to 
3,383.25, while the MSCI's broadest index of Asia-Pacific shares 
outside Japan < .MIAPJ0000PUS> rose 0.9 percent. 
Shares of COSCO Corp Ltd, a unit of China's maritime 
conglomerate China Ocean Shipping (Group) Co, fell more than 6 
percent to S$0.815 after the company posted a 65 percent drop in 
its first-quarter net profit. [ID:nL3N0DN05S] 
More than four million shares of COSCO were traded, 2.3 
times the average full-day volume over the past 30 days. 
Brokers were bearish on COSCO Corp as the shipping market 
remained in doldrums. 
" Shipbuilding outlook remains bleak with margins expected to 
deteriorate further into the year," Maybank Kim Eng said in a 
research note, keeping a " sell" rating with an unchanged target 
price of S$0.73. 
OCBC Investment Research downgraded the stock to 'sell' and 
cut its fair value estimate to S$0.76 from S$0.90, saying it 
expects the company's operating margins to remain under great 
pressure notwithstanding improving gains in efficiency and 
productivity. 
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06-May-2013 12:51 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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Karara withholds Gindalbie mine payments

Updated  Sun May 5, 2013 2:39pm AEST

The operator of the Karara iron ore mine in Western Australia's Mid-West region has withheld millions of dollars from its main contractor in a dispute over works at the site.

Singapore-listed AusGroup says Karara Mining is refusing to pay almost $22 million in payments to its subsidiary AGC Industries.

AusGroup says the money is owed for engineering and plumbing work carried out at the site, about 200 kilometres east of Geraldton.

It says the payments are legally due and Karara has no basis for refusing payment.

AusGroup made the statements in an announcement to the Singapore stock exchange late last week.

Karara has also told AusGroup it will call on a performance guarantee worth nearly $9 million dollars.

A spokesman for Karara says the matter is a contractual dispute and AusGroup has failed to deliver under the terms of its contract.

The Karara project, a joint venture between local iron ore miner, Gindalbie Metals, and Chinese steel producer, Ansteel, was officially opened last month.

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06-May-2013 12:25 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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Broken support of 0.445 with high volume.

Peter_Pan      ( Date: 03-May-2013 11:13) Posted:

Next support at 0.445-0.415...

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04-May-2013 13:39 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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Charging Ahead...The Dawn of A New EraSmiley
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03-May-2013 16:01 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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Wonder what went wrong in their project execution to have KML reacting this way...

Octavia      ( Date: 03-May-2013 15:37) Posted:



It would be difficult to pinpoint how much exactly the share price will decline based solely on the witholding payment of A$21.7m. On top of this, there would be

i) a further loss on the group's opportunity cost of an A$8.8m in the form of bank guarantees, as well as

ii) further earnings opportunities with Karara Mining Limited. Theoretically, just using this value of A$21.7m divided onto its total share base of 480.9m shares, would give a decline of abt $0.057 per share.

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03-May-2013 12:52 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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yes..the recent developments is a game changer.

KepoChicken      ( Date: 03-May-2013 12:37) Posted:

yes .. this counter... no 1 dare to dare at this junction

Peter_Pan      ( Date: 03-May-2013 12:35) Posted:

Wait for dust to settle.


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03-May-2013 12:35 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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Wait for dust to settle.
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03-May-2013 11:13 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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Next support at 0.445-0.415...
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03-May-2013 11:08 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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I did not say I sold at 0.565. 

ace333      ( Date: 03-May-2013 10:57) Posted:

0.565 done less than 400lots.....u must have been among the first in the q CHAMPION

Peter_Pan      ( Date: 03-May-2013 10:49) Posted:

When it hit 0.565 on 11 Apr, it is good to take profit


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03-May-2013 10:49 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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When it hit 0.565 on 11 Apr, it is good to take profit.

ace333      ( Date: 03-May-2013 10:46) Posted:

LOL...u forgot I used to short yr BUYs.....didn't lose my pants

Peter_Pan      ( Date: 03-May-2013 10:40) Posted:

You must exercise your own discretion. Don't trade blindly


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03-May-2013 10:40 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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You must exercise your own discretion. Don't trade blindly.

ace333      ( Date: 03-May-2013 10:37) Posted:

yr famous saying DONT miss the boat woh......

Peter_Pan      ( Date: 28-Mar-2013 13:44) Posted:

Don't miss the boat woh...


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03-May-2013 10:34 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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Recent Woodside negative developments and these project issues do not bode well for Ausgroup, dual listing plans look more unlikely now.
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03-May-2013 10:23 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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Next support at 0.445-0.415...
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03-May-2013 08:52 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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SGX RELEASE
For Immediate Release
Company Registration Number 200413014R
36 Tuas Road, Singapore 638505
Singapore and Australia
3 May 2013
Material Event Announcement 
The Board of Directors (“Board”) of AusGroup Limited (“Company”) wishes to announce that Karara 
Mining Limited (a company incorporated in Perth, Western Australia) (“KML”) has withheld progress 
payments amounting in aggregate to approximately AU$21.7 million (the “Progress Payments”) for 
structural, mechanical and piping installation works carried out by the Company’s wholly-owned 
subsidiary, AGC Industries Pty Ltd (“AGC”) at KML’s Karara Iron Ore Project in Western Australia 
pursuant to a 2012 contract entered into between AGC and KML (“Contract”). 
Further, KML has provided notice to AGC that KML intends to call on the performance security 
(“Security”) in the amount of AU$8.8 million in the form of bank guarantees issued by financial 
institutions, which Security was furnished to KML pursuant to the terms of the Contract. 
Based on legal advice of AGC’s lawyers, it is AGC’s firm view that the Progress Payments are validly 
due under the Contract and that KML has not provided a substantiated basis for refusing payment 
and its intended call on the Security.
AGC has also received notification from KML of a claim being prepared against AGC for an unfinalised value. The notification of claim has not been given in accordance with the Contract and KML 
has not provided any formal substantiation of either the breaches it relies upon or basis for calling on 
the performance guarantees or withholding the progress payments. Furthermore, in the 13 months 
AGC has performed this contract, KML have not issued any formal show cause notice under the 
contract. 
AGC is actively liaising with KML management to attempt to resolve the current situation either 
through formal dispute resolution under the contract, or mediation outside the contract.
AGC is keeping its bankers informed of these events which may trigger a review event under the 
company’s banking arrangements. 
Shareholders of the Company (“Shareholders”) are advised to exercise caution in trading their 
shares in the Company and the Company will make the necessary announcements when there 
are any material updates on the above matter. The matter is on-going and Shareholders are 
advised to read all further announcements by the Company carefully and to consult their stock 
brokers, bank managers, solicitors or other professional advisors if they have any doubt about 
the action(s) they should take.
By Order of the Board
Laurie Barlow
CEO and Managing Director 
Ends
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02-May-2013 15:48 China Minzhong   /   China Minzhong Food forum       Go to Message
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Support broken..

Peter_Pan      ( Date: 08-Apr-2013 10:09) Posted:

Hmm...

Peter_Pan      ( Date: 14-Mar-2013 19:22) Posted:

Next support around $1.04 - $1.00 which happens to coincide with the gap created on 18/02/2013, if the rebound fails.


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02-May-2013 11:43 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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Thanks! Cheers!

InvestNotTrade      ( Date: 02-May-2013 11:42) Posted:

STI 3400 congrats Peter Pan, your prediction came true. Lets see will there be 2000 by end of this year according to isolator..

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02-May-2013 11:40 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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SmileySTI 3400 COME MSmileyNEY COMESmiley

                          DONE!!! 
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02-May-2013 10:33 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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SmileySTI 3400 COME MSmileyNEY COMESmiley
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