Author:
ERG Sells Motorola's Shares at 1.85--March 2001
|
[
Next Thread |
Previous Thread |
Next Message |
Previous Message
]
Date Posted: 1/09/03 10:08:22pm
ERG cyclical history 20/2/03 to the 8/8/03
------------------------------------------------------------
1)February. Feb 20th day Sydney was announced--reached a high of 18 with a vwap of 16.53. (previous to Sydney it had been retreating.) volume was 68,543,590.
------------------------------------------------------------
2) March It went down into the release of financials on March 6th--it bottomed on March 12 2003---the low was 8.1--the high was 90 last price traded 8.4 vwap 8.5. volume equalled--10,094,738
------------------------------------------------------------
3) April It went up to the 23/4/03--reaching a high of 11.5 a low of 10.5 finishing at 11 the vwap was 11.77 volume--equalled 6,035,094. Proton confirmed as sold on the 29/4/03 (previously announced--26/3/03) There were also other things during this period.
-----------------------------------------------------------
4)May It went down to the 29/5/03 and the 30/5/03 bottoming over two days with the low on both occasions at 8.1. 29/5/03--high 8.3 low 8.1 vwap 8.19 volume 4,197,166. 30/5/03 Last trades 8.3 4.10pm (8.4 at 3.59pm) vwap 8.28 volume2,135,676. In May ERG shareholders approved the conversion debt for equity. (other things as well.)The Ingot Entities became a subtantial shareholder on the 27th--announced the 30th.
------------------------------------------------------------
5) June. It went up to the 6/6/03 reaching a high of 9.1 volume was 3,031,558 low was 89 close was 89
ERGN traded to the 10-Jun 03:56:28 pm high was 88 low was 86 finish was 86.
------------------------------------------------------------
6)June/July It went down to the 23/6/03 low was 7.5 vwap 7.68 high was 7.9 volume was 18,731,502 ceased trading.
6B) The first day of ERGDA was the 24/6/03 Opened at 75 low 75 high 79 finished 75 vwap 76.84 vol 555,635. Last day for ERGDA 7/7/03 -- Last 80 vwap 80.97 volume 203,116
-----------------------------------------------------------
7) JulyERG commenced trading again (merged with ERGDA and ERGN) on the 8/7/03 low was 79 high was 81 it finished at 81 volume was 5,950,638 The next day 9/7/03 the high was 83 the low 80 closed 83 volume was 1,012,359
------------------------------------------------------------
July ERG rose to the 16/7/03 and the 17/7/03 doing a double top of 118 on both days on the 16/7/03 the low was 1.11 the hiogh 118 the finish 116 volume equalled 7,982,222 The 17/7/03 high 1.17 low 97 finished 103-volume equalled 11,274,934 --ERG then began declining--doing a double top again on the 22/7 and 23/7 108.
------------------------------------------------------------
9) July/August ERG declined from the 16th and the 17th of July 118 down to the 8/8/03 at 82c vwap 86.2 high was 89 finished at 88 volume 2,645,774
------------------------------------------------------------
ERG Sells Motorola's Shares at 1.85
Transit industry technology specialist ERG has sold the 82.6 million shares held by Motorola to a "range of investors" for 1.85, raising $185 million.
Sold by the 5th of March 2001 18.5 divided by 2 equals 9.25
9.25 x 9 =83.25---x 8 = 74---61.8% level = 115.784
High March 2001 185 and the Low June 25 2003-- 73
82.5% retracement 92.6
100 day moving average 92.6-- 22/8/03
30 months since March 2001--to August 2003.
Sale of Proton World - 26/3/03 8.4% of capital 30 divide 185 = 0.162162 divided by 2=8.1%--Motorola 8.1% of capital.
Immediate need to cover post 12/9--clean balance sheet--writedowns confined to FY3 leading into--or post 12/9
[
Next Thread |
Previous Thread |
Next Message |
Previous Message
]
|
Feedback: 