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Post by zuolun on May 6, 2014 13:40:48 GMT 7
odie, AusGroup rings in 2014 with capital raising — 6 Jan 2014 It is not difficult to understand why AusGroup's share price had U-turned and hit high of S$0.525 with extremely high volume done at 153.3m shares on 9 Apr 2014 from low of S$0.162 on 16 Dec 2013 and why the chart now looked so ugly with long and short black marubozu dropping like bird shits, non-stop as at 5 May 2014. What big profit did the company make within a period of 4 months or slightly > 1 qtr? AusGroup has 1-lotter inside very busy jumping up and down 7early8early this morning 6 May 2014. AusGroup — Bearish Gartley Pattern, Interim TP S$0.30
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Post by odie on May 7, 2014 7:49:28 GMT 7
Thanks bro zuolun for update Will sit on my hands for ausgrp for the moment
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Post by odie on May 25, 2014 18:02:54 GMT 7
zuolun bro, chikou span is pointing up and MACD is about to cut upwards RSI and stoch are pointing upwards any updates for ausgrp? thanks and good lucks
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Post by zuolun on May 25, 2014 20:21:24 GMT 7
zuolun bro, chikou span is pointing up and MACD is about to cut upwards RSI and stoch are pointing upwards any updates for ausgrp? thanks and good lucks odie, Should the share price hit S$0.46 and goes higher with extremely high volume (at least 3x or > 40m shares), AusGroup may retest the last resistance @ S$0.51, repeating the previous run-up pattern and continue to spike higher high (ref AusGroup's weekly chart). Alternatively, if the share price hits immediate resistance @ S$0.48 and back down again, the current up-move is likely a bull-trap. AusGroup — Bull Trap
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Post by odie on May 25, 2014 21:59:48 GMT 7
bro zuolun, thanks for sharing will monitor and see if there is meat
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Post by zuolun on May 27, 2014 14:49:52 GMT 7
bro zuolun, thanks for sharing will monitor and see if there is meat odie, If Ausgroup can't take out S$0.48 and back down again to hit the crucial support @ S$0.42 and goes lower (trading in and below the purple cloud), that's a confirmation of a bull trap. AusGroup — Bull Trapodie, Should the share price hit S$0.46 and goes higher with extremely high volume (at least 3x or > 40m shares), AusGroup may retest the last resistance @ S$0.51, repeating the previous run-up pattern and continue to spike higher high (ref AusGroup's weekly chart). Alternatively, if the share price hits immediate resistance @ S$0.48 and back down again, the current up-move is likely a bull-trap. AusGroup — Bull Trap
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Post by zuolun on Mar 18, 2015 10:26:48 GMT 7
AusGroup rings in 2014 with capital raising — 6 Jan 2014 It is not difficult to understand why AusGroup's share price had U-turned and hit high of S$0.525 with extremely high volume done at 153.3m shares on 9 Apr 2014 from low of S$0.162 on 16 Dec 2013 and why the chart now looked so ugly with long and short black marubozu dropping like bird shits, non-stop as at 5 May 2014. What big profit did the company make within a period of 4 months or slightly > 1 qtr? AusGroup: Strategy to manage lower LNG project construction demand ~ 11 Feb 2015 AusGroup issued S$110m 7.45% bonds due 2016 ~ 21 Oct 2014 Expect AusGroup to retest the last low @ S$0.162 scored on 16 Dec 2013 and hit further down fast and furious. AusGroup ~ Bearish Island Top reversal, interim TP S$0.162, next TP S$0.13AusGroup closed with a black marubozu @ S$0.199 (-0.011, -5.2%) with 3.03m shares done on 17 Mar 2015. Immediate support @ S$0.183, immediate resistance @ S$0.205. AusGroup — Bearish Island Top reversalStrong resistance @ S$ 0.57, critical support @ S$0.42, the 50% FIBO retracement; expect the gap bet. 0.415 to 0.455 to be covered. During a market downturn, it is important to be able to distinguish between a falling knife and a possible multi-bagger stock. Given the fall in oil and commodity prices, I am inclined to classify all related stocks as potential falling knives. As I am equally as bearish on Singapore properties, I too will stay away from such stocks. But there are stocks that have been beaten badly and are not in any of these related industries. At the end of the day, the stock market is about supply and demand and if lots more investors want to sell, it is likely that the prices will drift southwards. Investors may have to sell these non related stocks to cover for their losses in the related sectors. There may also be forced selling for those who have bought shares with margin and are currently under margin calls. To bottom fish, one has to read the supply and demand of the stock correctly. I will certainly not be buying any stocks where a major shareholder is liquidating his positions. Yes, it is not easy to read market volume but I feel that all investors (fundamental investors included) must learn this art of deciphering market volume and then making a decision whether the selling volume is temporary or more permanent. Even more important than that, investors must believe in their own analysis and be willing to risk part of their wealth in what they believe in. To me, there is no point just taking a small position in any stock as this will not increase your net worth. It will be more like an ego trip. I invest to increase my net worth and not just to feel good. To be successful as an investor, you must learn to overcome this fear of putting sufficient meat into your investments... otherwise, your game of investing will always remain, just a game. Most of the smaller oil & gas and related company share prices had already collapsed beyond recognition due to oil price decline; chartwise, I totally agree with oldman that "Given the fall in oil and commodity prices, I am inclined to classify all related stocks as potential falling knives." "Given the fall in oil and commodity prices, I am inclined to classify all related stocks as potential falling knives." Hmmm, ... i wonder. During the 2008/09 crisis, oil price was falling off the cliff too. As would be expected during those periods of "falling knives", analysts were keen to join the herd and forecasting lower and lower prices of oil. As oil price were dipping towards $50/bbl, then $40/bbl, analysts and soothsayers were trying their utmost to outdo one another by being the more bearish. CNOOC, 883 HK, understandably crashed thru the roof, hurdling towards sub-HK$5 during the trough. Yet, if one had dilligently accumulated during those times, one would have done very well. Not too long ago when oil price was still at about $100/bbl, CNOOC was trading well above $20. And yes, you guessed it, the same herd of analysts were calling for big buys with target prices gunning towards $25-30/sh! With oil price having seen a sharp correction in the past two months, CNOOC is now barely holding at $10. I am no expert on oil price. Of course, the dynamics of the oil industry also appear to have changed with the advent and success of the shale evolution in recent times. Still, there must be an intrinsic value for oil. The question is finding out what that breakeven cost is, whether between the different exploration companies or between the traditional oil and shale. my point is, classifying all oil-related stocks as falling knives seem rather harsh. Just as spot oil could go up, come down, ... who could say it would not go up again? OPEC could decide to cut supply drastically, demand could pick up, a large number of the shale operators could be out of business. While it would be a tad optimistic to believe oil price could return to $100/bbl anytime soon, surely a price of $70/bbl isn't as out of reach as we think? Recall that when oil was $70/bbl, many of the oil majors would still be very profitable.
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Post by zuolun on Apr 5, 2015 11:41:40 GMT 7
AusGroup gets US$20-million term loan, A$76.5-million banker's guarantee
By Frankie Ho 1 April 2015
AusGroup has secured a three-year US$20-million ($27.5-million) term loan and an upsized A$76.5-million ($80-million) banker's guarantee from DBS Bank.
It will use the money to retire a loan from Australian finance house Wingate Group, enabling it to extend its debt maturity to 2018.
The banker's guarantee was upsized from A$50 million to support AusGroup's rising need for bid bonds, performance bonds and financial guarantees as its order book has increased, the company said in a regulatory filing today.
AusGroup had A$155.7 million in debt and net gearing of 40.3% as at Dec 31.
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Post by zuolun on Oct 16, 2015 23:17:48 GMT 7
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Post by zuolun on Feb 21, 2016 10:52:37 GMT 7
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