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ANG - Austin Engineering

Discussion in 'Stocks 0-H' started by Dabas, Dec 6, 2006.

  1. Dabas

    Dabas

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    Quite a rollercoaster for this stock.
    Meteoric rise (133% since July) :)
    Then 6.5% drop today. :mad:

    Dabas
     
  2. exgeo

    exgeo

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    AGM guidance was for 3.25-3.75m PBT for the first half. A quick and dirty calculation of doubling this and subtracting 1.8m tax (as per 2005 annual report) gives NPAT 5.2m which give an EPS of 13cps based on 43m shares on issue. So what to assume for a reasonable PE? 10? Does that sound good to you? So price target might be around 130 cents.

    All the anecdotal evidence I've heard indicates that mining service companies continue to work flat out -still can't buy truck tyres for love or money,
    geologists now spend their days posting on internet bulletin boards rather than kicking rocks etc etc.
     
  3. exgeo

    exgeo

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    Broadly inline with guidance. PCP profit was inflated by the sale (and subsequent leaseback) of the company's premises, so the 130% profit increase is even better than the bare figures suggest.

    ....................................Half Year to .................................Half Year to
    ................................31 December 2006.................... 31 December 2005
    Revenue (incl. gain on
    sale of properties in 2005) ..29,393,074 up 15% from ...........25,503,413
    Revenue (excl. gain on
    sale of properties in 2005).. 29,393,074 up 25% from........... 23,604,992
    NPAT............................... 2,332,840 up 130% from ............1,015,816

    Dividends
    The company paid a fully franked dividend of 2.0 cents per share on 31 October 2006. A maiden interim dividend of 0.5 cents, fully franked, has been declared on 27 February 2007.

     
  4. exgeo

    exgeo

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    Annualised revenues were about $60m prior to this contract. So it's a reasonable size for this company. 43m shares. From the most recent half-yearly report, $2.3m profit for half year = EPS of 5.3c for the half-year.
     
  5. Love Zn

    Love Zn Becoming anaemic, need Iron.

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    Austin Engineering hit a new high today and jumped 12%. I don't see any new announcements. So does anyone know why the sudden jump?

    And I guess the real question is it likely to stay or will we see people taking their profits?
     
  6. Dabas

    Dabas

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    I suggest holding on.
    ANG has had similar situations in the past.

    Just be sure to set up a stop loss instruction in case there is a major fall
     
  7. Love Zn

    Love Zn Becoming anaemic, need Iron.

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    This has been going along nicely and another good increase today to break away from the $1.80 resistance.

    Look forward to their end of year report coming out.
     

    Attached Files:

  8. Dabas

    Dabas

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    Looks great, does it not?

    Anybody taking the recent share offer, has already seen a 33% increase!
    Not bad for just one month!

    Dabas
     
  9. BankRoller

    BankRoller

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    Closing nicely at 1.93, great day for ANG. Anyone aware what date the Full Year Results are due? August some time?
     
  10. Love Zn

    Love Zn Becoming anaemic, need Iron.

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    Their last annual report came out 26th September, but they also released a preliminary report 29th August last year. So would suggest we can expect to see around these time frames this year too.

    Hopefully they also have further details of what they plan to do with the last capital raising. It was to pay off some dept and further acquisitions, I wonder what company/ies they had in mind.
     
  11. Miner

    Miner

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    ANG has been recommended as a buy at 1.78 by Bell Potters and Inter Suisse.
    Does any one know if there is an upward trend of this share? It is ex dividend now and annual performance shows good. However it is also a very small capital base and with little hick up could go any where.

    Any feedback from the chartists?

    Regards

    Miner
     
  12. michael_selway

    michael_selway Coal & Phosphate, thats it!

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    Hm not too bad

    Earnings and Dividends Forecast (cents per share)
    2007 2008 2009 2010
    EPS 11.7 16.9 20.1 24.5
    DPS 4.0 5.5 7.0 8.5


    thx

    MS
     
  13. danc

    danc

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    Breaking to the hi side strongly on the day and week charts. great presentation today . 4.5 mill profit 07 saying 6 mill profit 1st qtr 08. engineer to the mining industry well worth a look .... solid substance.
     
  14. justjohn

    justjohn

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    up again today 4.5% when most of my portfolio is coping a pounding alltogether up 60% on ang since August:p:
     
  15. michael_selway

    michael_selway Coal & Phosphate, thats it!

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    Hm has goen crazy of late

    Earnings and Dividends Forecast (cents per share)
    2007 2008 2009 2010
    EPS 11.7 18.6 21.2 27.2
    DPS 4.0 5.8 7.0 8.5


    thx

    MS
     
  16. justjohn

    justjohn

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    THIS STOCK IS RUNNING AGAIN TODAY AT PRESENT UP OVER 6% 3rd DAY STRAIGHT:eek:NO NEWS OR ANNOUNCEMENTS
     
  17. JTLP

    JTLP

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    TRADING HALT...

    Is this likely to be good or bad? Based on the evidence of the last 4 days of trading, it has had a continual increase.

    Will the halt equate to good news or a speeding ticket?
     
  18. doofuss

    doofuss

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    Halt notice appears to be at the request of the company. Would that mean its more likely to be good news rather than a speeding ticket? *fingers crossed*
     
  19. michael_selway

    michael_selway Coal & Phosphate, thats it!

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    Very unlikely its a speeding ticket, as reason for the rise thus far is due to upgraded EPS guidance?

    thx

    MS
     
  20. justjohn

    justjohn

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    ANG has ran hard all week ,hopefully people in the know getting set before the good news is out:p:.I have'nt a good record with trading halts ,I'm due for a change of luck:D
     
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