Australian (ASX) Stock Market Forum

BKN - Bradken Limited

GreatPig

Pigs In Space
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Can't find any thread for Bradken - surprised it hasn't been mentioned before. The new quiet achiever perhaps :D

From around $2.10 to $9.75 in less than two years - not quite the performance of Paladin, but not too bad nevertheless.

While I first bought in at $2.33 back in June 05, unfortunately I haven't held all that time. Most recently bought in late October last year for $6.02 and now, 3 months odd later, am sitting on a 61.8% profit.

Still showing strong growth on good volume over the last few days, so hopefully more to come.

Cheers,
GP
 

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Re: BKN - Bradken

Nice chart! What do they do? Do you mind if I paste or link it it to a thread I started called Nice Charts? I put TCQ and IMD there but this also looks great.
 
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Re: BKN - Bradken

GreatPig
First, can I say that it is great to have someone review some different stocks on the ASX - you have a habit of pointing out the beauties on the exchange and also give us fresh, non mining stocks to examine (even thought this one is a mining boom by product).

This stock has done nothing but go vertical since October 06 - great pick up GP. I guess it never hurts to go with the companies that are servicing the mining boom and this one is a clear indicator at that. All I can say is keep holding till the trend finishes, because at the moment it is all blue sky. Barclays are now on the register and takeover rumors persist..... The move up is not likely to end yet....... Valuation however looks extremely stretched!

Cheers
 
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Re: BKN - Bradken

Still a mining related stock, you can not avoid mmmmining.....

Another comment, too risk to jump on this one now. It required very high growth rate to maintain the SP appreciation momentum. I bought it around $4 about a year ago. I might just hold it without adding any further position.

I think it might be a good idea to approach another group of mining related companies with reasonable valuation, that is the equipment hiring companies, such as COA, BOL, and NHR, etc. They do have exposure to construction cycle as well. But just have a look at how much work in hand by LEI, DOW, MAH.... and growing....

It is a shame that Lucky Aussie land has the third world road network; and port facilities.
 
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Re: BKN - Bradken

goodness what a crazy stock!!

is it getting ahead of itself?

a quick look at the valuation/mngmt suggests it aint. This stock's management looks first class and i suppose the market is taking a bet on US expansion = blue sky?
 

Kauri

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Re: BKN - Bradken

drmb said:
Nice chart! What do they do? Do you mind if I paste or link it it to a thread I started called Nice Charts? I put TCQ and IMD there but this also looks great.
Not sure how much they have expanded recently but they used to specialise in casting rail bogies, shovel/excavator bucket teeth, and a lot of cast components for ore handling/processing equipment. With the expansion and new mining coming on line they still have a lot of growth in new orders, and a reliable source of repeat business ( i.e amazing how quickly hardened bucket teeth wear/break). They have been in this business for many years and have very little competition.
 

michael_selway

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Re: BKN - Bradken

Kauri said:
Not sure how much they have expanded recently but they used to specialise in casting rail bogies, shovel/excavator bucket teeth, and a lot of cast components for ore handling/processing equipment. With the expansion and new mining coming on line they still have a lot of growth in new orders, and a reliable source of repeat business ( i.e amazing how quickly hardened bucket teeth wear/break). They have been in this business for many years and have very little competition.
Hi do you know who their competitors are (if any)

Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 32.3 47.5 53.8 59.4
DPS 21.0 27.2 30.0 34.0


thx

MS
 
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Re: BKN - Bradken

50c eps, so should be 20 p/e if growing high, so thats $10
 
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Re: BKN - Bradken

A big drop today...........

It seems to be a healthy retracement..............as long as it does not breach the support level of 8.8 IMO
 
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Re: BKN - Bradken

Interesting this is also a TechTrader2 Stockfrom a few weeks ago.

Like to see that 8.82--9.04 Gap Filled before any move back UP.

GMMA's are still very strong.

ADX(18) with BBs have been indicating a correction for the last 6 days.

I have the current trend line @ 8.75 min close for Fri 16th.


Cheers
 
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Re: BKN - Bradken

Footnote :

If the gap is not filled by close Mon 19/2 , then the trend line will have to be breached

Cheers
 
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Re: BKN - Bradken

What worries me about this one is Fund Managers like Invesco are pulling out as they are worried about slow down. This is taking a long term view.
Short term i don't see the mining sector slowing but with the danger of Fund selling it could put a dent in the share price.
 
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Re: BKN - Bradken

UraniumLover said:
What worries me about this one is Fund Managers like Invesco are pulling out as they are worried about slow down. This is taking a long term view.
Short term i don't see the mining sector slowing but with the danger of Fund selling it could put a dent in the share price.
Uranium lover - they may not necessarily be getting out.... I know they have sold about 2% in the last little bit, but they may simply wish to reduce their exposure.....

and on the positive side, Barclays have taken an extra 2.5 % since Jan, so they obviously see further price appreciation here......

Cheers
 
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Re: BKN - Bradken

IDL must not be overlooked here too.
Since a purchase at 25c in Dec 06, the share closed Friday at 38.5c
While you're researching, have a bopeep at its major customers.
 
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Re: BKN - Bradken

mmmmining said:
Still a mining related stock, you can not avoid mmmmining.....

Another comment, too risk to jump on this one now. It required very high growth rate to maintain the SP appreciation momentum. I bought it around $4 about a year ago. I might just hold it without adding any further position.

I think it might be a good idea to approach another group of mining related companies with reasonable valuation, that is the equipment hiring companies, such as COA, BOL, and NHR, etc. They do have exposure to construction cycle as well. But just have a look at how much work in hand by LEI, DOW, MAH.... and growing....

It is a shame that Lucky Aussie land has the third world road network; and port facilities.

I attend to agree more with mmmmining on a first entry point situation. I prefer Stocks like NOD for first entry who don't only support the mining industry. Fund Manager money should flow increasingly in that direction as more secure future growth.
 
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Re: BKN - Bradken

Seems to have hit it's support levels at 8.50 and reached near it's bottom now. Don't think it will go down much further. Glad held off on this one until the 6000 point correction which was always on the cards before making my move on this one.
 
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Re: BKN - Bradken

I bought in near support.

Small amount will top up again under eight. This stock has better mngmt.
 
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Re: BKN - Bradken

If it's up by the end of trade tomorrow and the all ords is positive i may make a move.
 
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