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AEI : 30% rise in Aluminium price
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Hulumas
Supreme |
11-Mar-2010 10:54
Yells: "INVEST but not TRADE please!" |
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Wrong perception I suppose!
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victorian2
Senior |
15-Jan-2010 00:46
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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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victorian2
Senior |
11-Jan-2010 22:08
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that's true. they wrote down abut $6m in inventory....if they can write back some of the inventory value, it will be a non-cash add back to their 2nd half bottomline. there are several recovery stocks and AEI's attractiveness to me is they have serious cash per share of 10c & trading 40% below NTA price. |
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shplayer
Elite |
11-Jan-2010 21:39
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Alcoa is in the business of producing Al (mining)....so, increase in Al price will benefit them. AEI is a consumer of Al (stamping of Al components for the electronic industry; extrusion of Al products for the buillding industry).....so price increase of Al may increase their cost......hence their bottomline.....if they do not have prices adjustments due to cost escalation built into their contract.
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victorian2
Senior |
11-Jan-2010 18:09
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3m done today. majority done at 13.5. with good size buy ups of 1.4m at 13.5. Price marked at 14c....hopfully good things to come from this counter after Alcoa announces thier numbers. Nice to see that China exported more steel....so hopefully AEI is a beneficially of that in their numbers. (Reuters) - U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.52 percent, Dow Jones futures up 0.49 percent and Nasdaq 100 futures up 0.45 percent at 4.15 a.m. EST. Investors were bracing for quarterly results from aluminum major Alcoa , due to kick off the U.S. earnings season on Monday. On the macro front, data showed China ended 2009 with record monthly imports of crude oil and soybeans and a strong appetite for iron ore and copper, while its aluminum and steel sectors saw an increase in export volumes. |
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victorian2
Senior |
11-Jan-2010 14:29
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Chalco Raises Spot Alumina Price 7.1% To CNY3,000/Ton HONG KONG (Dow Jones)--Aluminum Corp. of China Ltd. (2600.HK), or Chalco, said Friday it has raised the price of spot alumina by 7.1% to CNY3,000 a metric ton. Hot off the news from Dow Jones. China's largest aluminium producer raised spot prices. AEM will benefit going forward...... :)) vested |
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victorian2
Senior |
11-Jan-2010 12:26
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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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