AWC - Alumina Limited

[3 veiws of a secret]

I just bought into AWC ......does anybody have Alumina in their portfolios? Bought totally on spec.

[36590]

Looking at AWC and KZL at the moment. I already have TZN so I have Zinc so I have put a order for AWC today.

ABN Amro rates the stock as Buy - Target $9.05 and
JP Morgan rates the stock as Overweight - Target $9.00
(Broker News).

Is this similar to what you have heard? Post on AWC are very far between.

36590.

[3 veiws of a secret]

36590.....wish I could tell you words of wisdom regarding this share -unfortunetly I only held it for less then a day and sold on interesting takings .In fact Westpac seems to rate this share......G'luck

[imaginator]

I just bought into AWC ......does anybody have Alumina in their portfolios? Bought totally on spec.

How muich did u buy AWC?
How's the spec looking?

[Uncle Festivus]

This one is very quite in here. Very loose observation of technical support at these levels now. In a normal market it would be tempting to go long?

[56gsa]

Uncle F - love the 10 year weekly on this - really respects the various support/resistance levels - today its headed to the 710 level - will be interesting to see if this provides support although I think in the ST outlook for alumina is not good and the potential for takeover has been quashed - so could drop further - next levels 675 / 625

[imaginator]

What's going on with Alumina? Its broken the uptrend for no apparent reason.

Yesterday was a green day and it went down. TOday red day it went down a bit too. $&@)(&%()@$*()@%$

[nikkothescorpio]

Yes, I agree I6can't see why all of a sudden SWC is copping so much stick.

Al metal are good....good analysts reports out for what they're worth).....could it have to do with Alcoa's troubles?

Seems a long draw of the bow to link the two???

Thats the best guess I had.

[TheAnalyst]

I am watching the stock as well and have bought in, knowing that as China's has price pressure increases on producing aluminum, and that its smeltering uses 3 and a half times the amount of power to produce aluminum from bauxite, as what it takes Alumina to do with their plants.

[tronic72]

Anyone have this on their watch list. I recently bought in as current Aluminium prices are too cheap and unsustainable.

The current price is at the same level of resistance the company has hit three times over the last year

Anyone else have any thoughts.

[hangseng]

Anyone have this on their watch list. I recently bought in as current Aluminium prices are too cheap and unsustainable.

The current price is at the same level of resistance the company has hit three times over the last year

Anyone else have any thoughts.

I really like AWC but the wall of selling is continuing so I am sitting out in waiting.

If it holds at this support level then I am back in.

[Gspot]

I'm waiting for the sp to steady before getting some too, following closely. Aluminium for 2008.
Does anyone know when the Chinese can start importing, rather than producing their own at 3 times the cost?

[tronic72]

Chinese spot alumina prices rise on demands
Mon Jan 14, 2008 5:31am EST

SHANGHAI, Jan 14 (Reuters) - Alumina refineries in China, excluding the national champion Aluminum Corp of China Ltd (Chalco) (2600.HK: Quote, Profile, Research), have hiked the spot alumina prices by seven percent partly due to rising demand before holidays, trade sources said on Monday.

Non-Chalco refineries have been offering prices at around 4,500 yuan ($620.4) a tonne starting from last Friday, compared with 4,200 yuan a tonne early last week, they said.

The price hike came one day after India's state-run NALCO (NALU.BO: Quote, Profile, Research) sold 25,000 tonnes of alumina for $432.32 per tonne free on board. NALCO's alumina sales usually serve as a price benchmark internationally.

"Rising purchases ahead of China's Lunar New Year pushed up the alumina prices, and higher overseas prices also helped," a Shanghai-based alumina trader said. The Lunar New Year falls in early February.

Chalco (601600.SS: Quote, Profile, Research) raised its spot alumina price by 10.5 percent in mid-December after Chinese alumina prices rose 10 percent in the month. The company was offering spot alumina at 4,200 yuan a tonne currently. ($1=7.253 Yuan) (Reporting by Alfred Cang; editing by Michael Roddy

[imaginator]

ALumina seems to have gone past the low support line.

Anyone going to grab some?

I think when the FED cut the interest rate end of this month, it may make the market rally again?

Anyway, AWC has been disappointing in the last rally. It went up high right after the August downturn, but then it started a downtrend.

[tronic72]

Bought CFDs at 569 today. I had a buy at 568 for half an hour and couldn't get the stock. My thinking is there aren't many who want to part with the stock at the current price.

I've recently lost money on AWC but I think the fundamentals are still good and the Aluminium price is currently too cheap. The price is also quite a bit less than when I bought in a week ago so I might make some of my losses back.

[imaginator]

Alright, just one summary, this stock stinks. Anytime the ASX or DOW goes down a little, AWC jumps down a flight of stairs! Son of a,, it was 7.23 few months ago, today only 4.80 and it can't even hold that level, lowest it went now 4.70.

[aacantona]

Anybody know a bit about this stock? Fundamentals/SP?? Has been falling for some time and while the outlook doesn't look that great, doesn't seem as bad as what the SP would have.

[dan-o]

This stock is now yielding 12% at $2 if the dividend holds...

Copping a huge pastnig the past days...

Anyone like it?

[Out Too Soon]

This stock is now yielding 12% at $2 if the dividend holds...

Copping a huge pastnig the past days...

Anyone like it?

I like it! Bought @ 1.53 today on a small dip in an up trend. Yeilds even better at this price. dividend soon.
Ouch- just went to inc a chart & my Incredible charts crashed- very unusual, will inc a chart soon.

[billie]

I also bought this not too long ago hoping for an OK dividend. Now that there won't be a dividend, and S&P has downgraded their credit rating, I sold at a small profit. But the share price is rising! Must be something going on that I don't know about - possible takeover?? Anyone have any thoughts?