Jump to content

PRN - PERENTI GLOBAL LIMITED


ShareCafe

Recommended Posts

http://www.ShareScene.com/html/emoticons/smile.gif

 

Hi folks,

 

 

ASL off its lows with good supporting volume, today.

 

Next long cycle target date on 20012005, so

will be alert for some company news by then ..... http://www.ShareScene.com/html/emoticons/smile.gif

 

happy trading all

 

yogi

 

P.S. ..... holding ASL.

 

http://www.ShareScene.com/html/emoticons/smile.gif

Link to comment
Share on other sites

  • Replies 246
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Posted Images

Not many on this at all Yogi.

 

Amuses me, since I nearly picked some up when it hit 50. Decided to put it off till the next day, and now look at it - 62.

 

Oh well, it is a long term hold for me, due to the excellent dividend stream. I have been just putting it in the DRP, slowly building.

Link to comment
Share on other sites

http://www.ShareScene.com/html/emoticons/smile.gif

 

Hi Monster,

 

Working off the chart alone, ASL has been setting

itself up for a rally, since the lows in late-October 04.

 

Retracement target of 75 cents by 10 Junne 2005.

 

Ahead, long time cycles for ASL in 2005 are:

 

20 Jan 2005

 

18-21 Feb 2005 = retracement of previous upleg

 

25 March 2005

 

27 May 2005

 

10 June 2005 = retracement

 

29 July 2005

 

06 December 2005

 

-----

A pullback from current levels to test support around

55 cents would not be surprising, given the recent,

strong price momentum .....

 

happy days

 

yogi

 

http://www.ShareScene.com/html/emoticons/smile.gif

 

Link to comment
Share on other sites

In reply to: monster on Thursday 13/01/05 11:49am

Hi monster

 

Had a look at this one, but shocking figures reported in annual report in September http://www.ShareScene.com/html/emoticons/weirdsmiley.gif

Basicly they halfed their cash over a 12 month period from $20million to $10 million (the main blow out was in labour and Materials, which suggests they under quoted a series of projects).

Paradise Cooper started dumping them in July 2004 (clearly had insite into figures at end of June) and continued selling the stock down until late November.

 

It comes as a shock to see Peter Hall buying (considering he is a value investor), perhaps his boys visited ASL and liked what they saw,........maybe they sacked their senior estimator http://www.ShareScene.com/html/emoticons/laughingsmiley.gif

 

Worth a look if Hall is buying, certainly has a healthy cashflow.

 

Tex.

 

 

Link to comment
Share on other sites

  • 2 weeks later...

I'm trying to do some FA on ASL, but info is very hard to come by. As identified in a previous post, Hunter Hall bought 5.5m shares during December at around .51, bringing their holding to 7.5m. They normally do pretty good work, so that is a positive.

 

Best estimate I can find is that they should at least match last years result, which would give a PE of 8.6 and a dividend yield of 6.9% (last year about 70% franked). If they achieve that, current price looks cheap as long as the result is sustainable.

 

Their African operation is supposed to be improving about now with the commencement of new contracts. The Australian industry is booming. If they cannot make good money now, they never will.

 

All looks good on the surface, but not much in the way of hard analysis due to lack of info.

 

Anybody got any more concrete info which may help me.

Link to comment
Share on other sites

QUOTE (normc @ Monday 24/01/05 09:01pm)

Hi normc

 

Hunter Hall bought just over 7 million shares in December, they have never held previously.

 

If you look at the history of the last 4 years of trading for Ausdrill.

You'll see that 2004 figures were very good, but the look bad when compared to 2003 figures because of a big foreign exchange gain of $8.7 million.

Link to comment
Share on other sites

Normc

 

I have been trying to attach a file from the annual report, but it wont work.

Go to the last page of their annual report dated 29th of September 2004.

This gives you the full breakdown of the last 4 years of financials.

 

This should tell you all you need to know.

 

Tex.

Link to comment
Share on other sites

Well first Brandrill and now Henry Walker Elton,............both in administration http://www.ShareScene.com/html/emoticons/stun.gif

 

Surely this has to be good news for Ausdrill if their opposition is dropping by the wayside http://www.ShareScene.com/html/emoticons/wink.gif

 

Tex.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...