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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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Peter_Pan
Supreme |
06-May-2013 12:51
Yells: "did you order dunkin' donuts" |
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Karara withholds Gindalbie mine paymentsUpdated 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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Peter_Pan
Supreme |
06-May-2013 12:25
Yells: "did you order dunkin' donuts" |
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Broken support of 0.445 with high volume.
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blaz3007
Member |
06-May-2013 12:04
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It's still a very good stock imo, just a bad incident, and its not neccessarily ausgroup's fault. but in short term, its better to wait for the fallout to clear first. Especially if this is not resolved by earnings report. |
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ozone2002
Supreme |
06-May-2013 11:43
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for those who have lost faith in Ausgrp may want to consider Geo energy as an alternative.. gd luck dyodd |
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shuncheng
Member |
06-May-2013 11:41
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share trading is a mental game.. smart and experience one catch it right but " experience" need to pay school fee (I paid mine) | ||
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ozone2002
Supreme |
06-May-2013 11:33
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based on analyst reports, Ausgrp is net cash position and low PE of 6.4x.. great value IMHO
gd luck dyodd
Friday, 03 May 2013 12:19
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blaz3007
Member |
06-May-2013 10:45
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No one really knows whats happening in this incident now. If it turns out fine, stock price should go back to pre-announcement level right? But with earnings so closeby, witholding of payment will surely be taken into account and make this a record bad quarter, wldn't it. | ||
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smallsgshare
Member |
06-May-2013 10:43
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hammered my account signficantly. A good, real lesson about greed and fear (a wining counter became a loss). This experience made me stronger. | ||
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ozone2002
Supreme |
06-May-2013 10:33
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let the falling knife land to the ground before doing anything else gd luck dyodd |
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ace333
Supreme |
06-May-2013 10:24
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shorters darling?
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raymaster
Member |
06-May-2013 10:01
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Free fall.... this babe no longer a darling. | ||
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Blanchard
Senior |
06-May-2013 09:58
Yells: "Winners cry..... Losers smile....." |
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price going down... towards 0.40? | ||
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flatfoot
Member |
06-May-2013 09:13
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Seems more like a Bear Trap in days to come. |
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Kong75
Member |
06-May-2013 09:02
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Interesting counter. Let's see how the price will move for the day :) |
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shareflux
Member |
05-May-2013 00:12
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Beware of the value trap as cheap today can become cheaper tomorrow. For investors with longer time frame, it is time to accumulate. Whether buy, hold or sell, know yourself and be sure of your objectives prior to any action will save you countless sleepless night.
As for me, I am helping myself to this discounted price with a small order queue on Monday.This will be a positional play with a six months time frame. |
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teeth53
Supreme |
04-May-2013 23:57
Yells: "don't learn through life, learn to grow with life " |
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Just to re-cap. Last yr got a lot of very strong story to tell, especially dual listing in AU. Players were very optimistic. Most recent calling, for a buy as strong interests shown by DMG calling with a TP of 0.66c.
I was wondering some players may have got stuck ur stuff in... Teeth53 thot - please do ur own due diligence when betting on very sexy story. Just want to promote stk/shr trading interest here in SJ. |
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teeth53
Supreme |
04-May-2013 23:03
Yells: "don't learn through life, learn to grow with life " |
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Target Run Potential And Margin Concerns
The estimate polled by FactSet, which shows OSK-DMG’s target price of $0.73 effectively represents a 37.7% upside potential based on its closing price of $0.53 on 29 April. OSK-DMG felt that with a consistent performance of above 15% seen in AusGroup’s return on equity, strong net cash position of $0.054 per share, it has given a “Buy” call on AusGroup’s stock. Just sharing some info on TP target prices by DMG...
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teeth53
Supreme |
03-May-2013 22:53
Yells: "don't learn through life, learn to grow with life " |
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Today closing prices is....AusGroup Last:0.46c Vol:35605k  -0.075
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teeth53
Supreme |
03-May-2013 22:51
Yells: "don't learn through life, learn to grow with life " |
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DMG reiterates knee jerk selling of ausgroup is good price to load . TP :66centsThot target price is set @$0.80 cents...? |
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Blanchard
Senior |
03-May-2013 18:59
Yells: "Winners cry..... Losers smile....." |
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oops... correction... The amount of A$21.7m is about 2.4x of Ausgroup half-year after-tax profit in 2013. |
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