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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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tankuku
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12-Apr-2011 13:24
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AUSGROUP: Prospects lifted by hot iron ore prices Written by Sim Kih Sunday, 11 April 2010 14:00   CIMB-GK MAINTAINED its “Buy” call with a target price of 96 cents on Ausgroup last week, citing its relatively cheap valuation in the offshore & marine universe. The report was triggered by a structural shift in iron-ore markets in the past couple of weeks as the world’s largest 3 mining companies, Vale, BHP Billiton and Rio Tinto, announced a switch to setting the price of iron ore contracts every 3 months, ending a 40-year system of annual pricing. The new price system will lift the cost of iron ore to Asian steelmakers to about US$110-$120 a ton for April-June contracts, up 80% to 100% from the US$60 level at which the 2009-10 annual contracts were settled. CIMB-GK analyst Yeo Zhibin believes that higher iron-ore prices could accelerate capex spending in the mineral resource sector in Western Australia, benefiting specialist construction service companies like Ausgroup. However for the high profile Gorgon oil & gas project, Australian fabricators such as Ausgroup have been priced out by Asian competitors due to a rising A$. CIMB-GK expects Ausgroup’s earnings for the financial year ending Jun 2010 to grow 90% year-on-year, given its strong order book of A$470 million. It has a target price of 96 cents based on 13x CY11 P/E, Ausgroup’s trading average since listing. ”We see stock catalysts from an acceleration in orders wins from LNG and mineral projects, improved margins and further sets of strong results. |
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tankuku
Master |
12-Apr-2011 11:37
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Definately still worth buying ausgroup cos this is iol related stock. | ||||
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dinola
Member |
12-Apr-2011 11:33
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yesterday missed the boat. today missed the ship!! Can still buy?? pls advise |
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edwinteo
Senior |
12-Apr-2011 11:13
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swiber is crap...regret getting them...haiz...hope ausgroup can break even for me.. | ||||
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medivh
Elite |
12-Apr-2011 10:51
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This is a heavily played counter.. no venture no gain. dual-listing always bring about such euphoria...no need to think about fundamentals. |
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noobnoob
Senior |
12-Apr-2011 10:50
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1) Buy Ausgroup but think of Swiber... 2) Buy Swiber but think of Ausgroup... 3) Buy both.... 4) Do nothing... hahaa jkin...
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Bon3260
Supreme |
12-Apr-2011 10:04
Yells: "Ooo Ooo Aaa Aaa!" |
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tankuku, So Ausgroup / Swiber now? U made me confuse ley... ('',)
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tankuku
Master |
12-Apr-2011 09:51
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My broker recommanded buy with TP of  $0.75 cos more contract to come. With the dual listing in australia, he say may reach the record high of $2 in months to come. Vest and good luck | ||||
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ozone2002
Supreme |
11-Apr-2011 13:53
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thanks for the luck... 50 to 48c .. 2c gains.. :) read the sgx announcement on the GM cessation
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out-of-the-box
Senior |
11-Apr-2011 13:25
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I start buying it when 34c and all the way down to 29c... but slold all at 37c... wah... so now what is the new TP? |
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pharoah88
Supreme |
11-Apr-2011 13:09
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I P O  RE-RATING | ||||
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edwinteo
Senior |
11-Apr-2011 12:14
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Anyone have any news how much will be the IPO in ASX for Ausgroup? | ||||
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yummygd
Supreme |
11-Apr-2011 11:59
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really!!okie i log in in afternoon also.
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alexchia01
Elite |
11-Apr-2011 11:38
Yells: "Catch The Stars And Ride With Them" |
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Actually, I think the Boat just begin to move only. Still monitoring it for now and so far quite happy with what I see. If by this afternoon, things still looks good, I would Buy.
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guppy724
Member |
11-Apr-2011 11:27
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Nice to see..  this kangaroo jumped the hurdles...next .53c?.....80c????............................... $????
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edwinteo
Senior |
11-Apr-2011 10:47
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those who short..gd luck to you.. | ||||
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retsel
Member |
11-Apr-2011 10:43
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er, how to short  to 50c when it is now 48c | ||||
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ozone2002
Supreme |
11-Apr-2011 10:33
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ozone2002
Supreme |
11-Apr-2011 10:12
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up 20% today..power.,.. used to be a $2 stock |
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yummygd
Supreme |
11-Apr-2011 10:00
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ya me too... :(
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