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jazzmoo

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Everything posted by jazzmoo

  1. jazzmoo

    RIN

    In reply to: early birds on Monday 04/09/06 03:45pm Fundamentals look good. Construction even picking up in Australia. Let's hope it happens, EB.
  2. jazzmoo

    RIN

    In reply to: Barra on Monday 04/09/06 02:40pm No worries. Rinker's recent recovery seems to be due to genuine buying (or lack of genuine selling) with very little support from the buyback so far. All positives.
  3. jazzmoo

    RIN

    In reply to: Barra on Monday 04/09/06 02:19pm Barra, buyback is nowhere near half way. In fact it's barely scratched the surface. Rinker is buying back 45 million of its shares and as of today has only bought back 3 million of that. There is still 42 million to go. http://www.sharescene.com/html/emoticons/biggrin.gif
  4. jazzmoo

    ZFX

    In reply to: stoss69 on Wednesday 30/08/06 07:47pm I think the price of Zinc, and any perceived further shortage of the metal, could also be a share price driver in the short-term.
  5. jazzmoo

    HDF

    Holy crap, look at that buy side. I like posting to myslef, BTW. http://www.sharescene.com/html/emoticons/lmaosmiley.gif
  6. jazzmoo

    HDF

    Hmmm. Seems like I am talking to myself here, but anyways. I think it might be time for HDF to consider a bonus issue of shares or something to get the liquidity up a bit. Look at the buy/sell. 400,000 on the buy side and about 30,000 on the sell. I'm sure the price would push higher -- if there was some shares for sale.
  7. jazzmoo

    RIN

    In reply to: Halba on Saturday 26/08/06 09:34am I remember during the week when the housing figures were released in the US, even though the figures themselves were considered bad the building stocks hardly moved -- and the market commentary was for just what you said Halba, all the bad news and then some is factored in. There were even suggestions that building stocks are now rated as a buy because of this,
  8. jazzmoo

    RIN

    In reply to: suti on Thursday 24/08/06 09:02pm Don't think that's right 100% of the time. There are several stocks with US ADRs, dual listings in the UK etc. and they often go their opposite ways. I have seen Rinker's ADRs go up and then our share price goes down the next day and then the ADRs still go up the next day and several combinations there of.
  9. jazzmoo

    HDF

    Don't know if there's anyone else out there, but HDF say we can expect an increased payout for next year. Interesting too that they have confirmed they are looking for aquisitions at the right price.
  10. jazzmoo

    RIN

    Well, there you go. This morning's daily share buyback notice tells you it hasn't been Rinker itself pushing up the price. It's obviously genuine buying.
  11. jazzmoo

    ITO

    That wasn't actual operating profit. It was due to revaluation. Revenue was up 61% and EBITDA was up 57%.
  12. jazzmoo

    ITO

    This morning's annoucements all sound positive -- share buyback, focus on shareholder returns and ATO expected to give the nod to SRG demerger tax relief. http://www.sharescene.com/html/emoticons/biggrin.gif
  13. jazzmoo

    RIN

    Rinker is up just over 2% after the market opened in the US again tonight.
  14. jazzmoo

    HDF

    I wonder if we will get another bump up in the annual payout tomorrow?
  15. jazzmoo

    RIN

    In reply to: Mark M on Wednesday 23/08/06 08:40am Well, it held its gain inthe US and closed at its day high in a flat overal market. Cool.
  16. I guess that's got to be a positive annoucement. At least Wolgen seems to have faith in the company's future.
  17. jazzmoo

    RIN

    Half an hour after opening in the US, Rinker is up 2.3%. Fingers crossed it last until morning and here on Wednesday. http://www.sharescene.com/html/emoticons/cool.gif
  18. jazzmoo

    RIN

    In reply to: early birds on Thursday 17/08/06 01:25pm EB, I think the market is starting to have more confidence in the inflation/interest rate side of things. The start of the share buyback today can only have a positive influence. While Rinker did say that it was keeping its options open on aquisitions, unless something is in the pipeline for them, it would be hard to find a better deal on the use of the capital by buying back its shares at these prices. They may even be able to have their cake and eat it too. http://www.sharescene.com/html/emoticons/biggrin.gif
  19. jazzmoo

    RIN

    In all the references to Rinker's exposure to the US market, don't forget that the bulk of that US exposure is in big construction prodjects -- highways and the like -- rather than housing. And as Rinker has said ad nauseum recently, that part of the mark is solid.
  20. jazzmoo

    RIN

    In reply to: Mark M on Tuesday 15/08/06 08:28pm I think today might have been more of a reaction to Boral than anything else. Rinker will prove its worth in time.
  21. jazzmoo

    ITO

    Anyone care to speculate what might eventuate from MIG's capital review on August 24?
  22. jazzmoo

    RIN

    Not counting anything proverbial before it hatches, but has anyone else noticed Rinker's buy side at the moment.
  23. jazzmoo

    RIN

    According to Friday's market wrap in Saturday's Age newspaper, Rinker's rise was attributed to takover speculation. The article didn't elaborate further. First I've heard of it but it's hardly a surprise given the share price. Rinker itself is probably chomping at the bit for August 17 to come around so it can buy its own shares back, although I have a feeling they won't be as low as they are now.
  24. jazzmoo

    RIN

    QUOTE (Halba @ Saturday 05/08/06 12:55pm) The thing about raising interest rates -- and the market knows this, but goes through periods of forgetfullness -- is that such moves are actually designed to EXTEND economic growth by cooling (not shutting down) economies. And you have to give central banks credit, for they do, in the most part, get it right when it comes to raising and lowering rates. The way markets sometimes react to rising interest rates, you'd think their throats were being cut. The US is a different story to Australia. Their rates dropped to practically nothing, so when things picked up, there was always going to be an extended rise in interest rates. But hey, they have gone from 1% to 6% there and the US economy is still growing nicely thankyou. In Australia, because it's usually a fair while between rate rises, you ocasionally get a move three months apart and people start using the R word. That's absurd. Again, it's all about extending the growth. Too slow, tap the accelerator. Too fast, pump the brakes a little. It's all about getting where you're going without crashing! In the case of Rinker, they have showed they are masters at weathering the storm. And I'm sure they will continue to do so. I think there is enough economic data on tap now for the US to pause this week.
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