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Ausgroup
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iPunter
Supreme |
01-Dec-2006 19:20
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If you like this stock, entering at .485 is an objective point. If there's no 'hidden agendas', it should go up from this point. If it falls through and, say goes to .475, that's bad news, coz then it has a long way to go. If it touches .485 and then go up, the technical traders will see this as a valid support and go in to buy at .49 thus sending it higher in the days that follow. Those shorters who have entered and seeing this action will then quickly run for cover and liquidate, thus sending the price upwards due to their frantic buying activity, thus creating a surge. Once this surge takes place, those who have bought in at 0.485 will quickly take their profit and vamoosh from the scene, leaving the loyal investors to hold it while the price goes down or 'corrects'. This is a likely scenario. |
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michaeltay
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01-Dec-2006 18:59
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What happen to Ausgroup? Hope it has bec its over the weekend... |
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IreneL
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01-Dec-2006 09:04
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Thanks singaporegal. Am waiting to buy in again. |
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singaporegal
Supreme |
30-Nov-2006 22:51
Yells: "Female TA nut" |
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Looks like its heading south now |
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cr_kai
Senior |
30-Nov-2006 15:15
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i would believe that they are somewhat like swiber......should be able to hit a high by next year and carry on from there. their customers are mining companies that are making big bucks, especially bhp billiton and rio tinto who raised iron ore prices by 70% last year. commodities are getting more and more expensive...... |
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IreneL
Senior |
30-Nov-2006 15:06
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I would agree with UOBKayHian's analyst. Owned some lots but sold off last year after making some money. Then (August when I sold) price was just 0.37-0.40. |
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cr_kai
Senior |
30-Nov-2006 11:28
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good potential over the new few years as projected by UOBKayHian up to 2009. http://research.uobkayhian.com/research/content.show.action?filename=2006100614124732150941337.pdf |
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zhuge_liang
Supreme |
23-Nov-2006 21:21
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Westcomb has upgraded its target price to $0.80 from $0.70, saying it expects wholly-owned unit Cactus' earnings to continue benefiting from the robust demand in the oil and gas industry. "We are of the view that Cactus will perform exceedingly well on the back of the robust demand for subsea systems as well as related offshore components for oil and gas exploration activities," Westcomb said in a note to clients. "Cactus has increased its staff strength and added yard capacity in Singapore to cope with the rising orders from its key customers," it added. Westcomb expects AusGroup's net profit to rise from A$11.28 mln in the year to June 2006 to A$20.2 mln in the current fiscal year and to A$24.4 mln in the following year. Growth will be driven largely by contributions from Cactus, which became a fully-owned subsidiary last month. AusGroup bought an initial 76.6% stake in Cactus in May. |
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Nostradamus
Supreme |
03-Nov-2006 00:35
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It has won new contracts worth at least A$32m, which will commence immediately and are due for completion by the year to June 2007. The group will supply fabricated structural steel and plate work for a new iron ore mine in Australia's Pilbara region under a A$16m contract with Fortescue Metals Group. It will also be involved in the installation of two gas turbine generator units under a A$12m contract with Alinta Cogeneration (Wagerup) Pty Ltd, and will supply a heat exchanger to Minara Resources' nickel refining plant in Western Australia for A$4m. This brings the group's total outstanding order book to A$184m, with most of it to be recognised in the year to June 2007. |
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Nostradamus
Supreme |
18-Oct-2006 19:32
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It won a maintenance contract worth over A$40m. |
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Nostradamus
Supreme |
10-Oct-2006 20:04
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UOBKH said it has raised its target price to $0.71 from $0.55. |
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starlet
Member |
10-Oct-2006 18:47
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Ausgroup is moving with heavy volume, any reason why??? |
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Nostradamus
Supreme |
06-Oct-2006 19:11
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UOBKH said it has raised its target price to $0.71 from $0.55 as its acquisition of Cactus Engineering & Trade is expected to boost the group's earnings from the current financial year and onwards. Cactus is a Singapore-based company that specialises in manufacturing subsea well-head control equipment. "We expect Cactus to boost AusGroup's years to June 2007, 2008 and 2009 earnings by 50%, 72% and 91% respectively," it said. UOB Kay Hian raised its year to June 2007 net profit estimate to A$19.9m, and sees the company's bottom line further improving to A$26.2m the following year. The brokerage notes that the stock is trading at 5.8x its year to June 2007 PER, and at 2x PB value, below the company's three-year CAGR of 22%. |
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Nostradamus
Supreme |
11-Sep-2006 18:32
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AusGroup Ltd was higher as its recent acquisition of Cactus Engineering is seen as a future catalyst for the group, dealers said. UOBKH notes that the stock is currently trading at a huge discount compared to its listed peers in Singapore and Australia. "New projects announced recently in the oil & gas and renewable fuels sectors in Singapore show that there are more exciting times ahead for AusGroup, especially now that it has a presence here in Singapore through Cactus," UOBKH said in a note. "We will review our earnings estimates with a positive upward revision once we have visited Cactus' facilities and more information becomes available," the brokerage said. |
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Nostradamus
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24-Aug-2006 22:13
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Earnings impact will be significant given Cactus Engineering strong orderflows for subsea contracts. In terms of earnings contribution, Cactus' estimated PBT contribution is A$3.8m in FY07 and A$5.3m in FY08. Westcomb has a price target of $0.68. |
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Nostradamus
Supreme |
21-Aug-2006 20:48
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FY06 net profit up 64.0% yoy. Recently acquired Cactus Engineering is expected to make an immediate positive contribution, having achieved a $3.4m net profit in the financial year ended Dec 05. Cactus will allow Ausgroup to expand beyond its base in Western Australia. Cactus is an engineering machining and fabrication specialist in the oil & gas exploration and extraction industry, such as machining, fabrication, repair and services including design and engineering of drilling spools, wellhead equipment, protective frames, etc. Cactus services major oilfield equipment manufacturing companies in the region, including Vetco Gray, FMC Tech, Cooper Cameron, National Oilwell and Baker Oil Tools. |
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Nostradamus
Supreme |
20-Aug-2006 20:21
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It is riding on the strong growth in global demand for commodities and energy, the oil & gas and mining industries in Australia which is also experiencing an unprecedented boom. AusGroup is a major beneficiary as an engineering services provider specialising in building, maintenance and upgrading projects in the Australian oil & gas and mining sectors. Mining capex grew at a CAGR of 15% between 2000 and 2005 and is expected to grow by 72% in 2007. Its prospects continue to look good as it has a strong positioning in Australia's mining sector. It was named Fabricator of the Year in 2005 by the Welding Technology Institute of Australia in the large company category and is pre-qualified for quality, safety and capability requirements by the major Australian engineering houses. The Group's track record speaks volumes of its engineering capabilities. Orderbook for FY07 stands at A$161m, 45% higher than FY06 orderbook in Aug 05. It is recognised as the only local fabricator of offshore production platforms and sub-sea manifolds in Australia. In February, it completed Australia's first export platform project for Shell's Pohokura gas development in New Zealand. AusGroup is looking towards growing in the region via acquisitions as well. The recent Cactus Engineering acquisition could create synergistic value. A very strong balance sheet will allow it to continue expanding its business aggressively. It has a solid quality customer base. Its customers include global MNCs: Chevron Texaco, Shell, Rio Tinto, BHP Billiton and Alcoa. It will continue to leverage on this network to expand into the region. UOBKH has a target price of $0.55. |
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kennylow
Member |
11-Aug-2006 10:25
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Based on what Stuart Kenny says, Ausgroup results will be superb this reporting season. Results will be released 21st August. |
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Nostradamus
Supreme |
11-Aug-2006 00:30
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Major customer, Rio Tinto, achieved record interim earnings buoyed by surging Chinese demand for copper and iron ore. Ausgroup will be a beneficiary of this. |
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singaporegal
Supreme |
02-Jun-2006 13:48
Yells: "Female TA nut" |
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looks impressive. But TA charts show uncertainity in this climate. definitely a stock to put on the radar screen. |
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