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Date Posted: 27/09/03 12:46:07pm
In reply to:
By the build up from 96c dated the 25/9/03
's message, "Opinions on ERG trading aspect sought A 1 dollar valuation has been obtained dated the 25/9/03." on 27/09/03 12:35:31pm
This is how I make out things as they stand going forward as of this minute. There maybe some alterations to this later (lol)--just some calcs
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The Group made a full year loss of 198.3 million financial year 3-30/6/02 to the 30/6/03 reported the 12/9/03 -- Syd-12 September 2003 8.30am - 9.30am--Mel-12 September 2003 3.30pm - 4.30pm Within financial year 3 result 30/6/02 to the 30/6/03 ----114.2 million in significant and non operating items.--Difference equals 84.1 million 114.2 million in significant -- and non operating items.--65.9 million relates to the first half of fy 3--30/6/02 to the 30/6/03 -- 48.3 million relates to the 2nd half of FY3 13.7 million received from the sale of Proton post June 30th 2003 -- 12/9/03,1st half loss 124.9 million full fy3 year loss 198.3 million--difference between 1st and 2nd half 73.4million--2nd half 48.3 mill writedowns,(The largest of writedowns is 15.4m in costs previously capitalised against various projects.)73.4 mill minus 48.3 millequals 25.1 million operating loss, reducing 25.1m--1st half F/Y4--25.1 minus 7.5 mill saving amortisation (6months) = 17.6 million---minus 6 months savings note interest 9.375mill (normally payable October 1st) = 8.375 mill - loss, 8.375 minus one off restructuring and advisory redundancy 7.1 mill = 1.275 mill loss-- minus one months saving depreciation Lazio (6.8 mill p/a) (contracts signed within two months of September 3rd)566.000 = 709.000 loss, 30/6/03 interest paid and borrowing costs 13,671---subsequent to the end of financial year ERG received from Proton sale 13.7-- 709.000 loss + 13.7 =12,999,991,000 profit.--1st half FY4. (The written down project costs would also add (in a substantial way) to the situation--assuming ERG win all contracts that were hampering profitability--San Francisco so forth by December 31st)
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I feel I've made a mistake with the above--for ERG received from April capitilisation--9.375m (at least it saved that amount of money--by issuing the shares instead of paying the interest)--so that is included in the recent result--so therefore I may have to subtract it again for 1st half fy4--12,999,991,000 minus 9.375 mill =3,624,991--profit
The largest of writedowns 15.4m----3,624,991 plus 15.4m equals 19,024991000--profit The only thing wrong with the above is ERG themselves have stated they expect to be profitable in the 2nd half of FY4--not the first half--so the above calcs would exceed what they have officially stated. I for one am sick of arguing with Shaun-(on the odd time I have spoken with him about financials--several times over the past year)-LOL--for I say to him I think you are going to make a profit--and he disputes it with me each time ---invariably he is correct--I do truly believe the above--unless I've done something wrong. San Francisco wouldn't get into full swing till 2nd half--ERG does though receive money up front--it being outsourced--so it would get that sum 1st half.)International newspaper clippings MTC website and company announcement section (re Cubic and it's court delay) clearly state ERG have received some payments already in relation to Translink 1. ---BK
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posted 14-09-2003 04:11 AM
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The salient thing is--much of what has been written above is home economics--and you have to take it in that measure--what you read is free.! LOL--below statement is 100% accurate and true.
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With clean balance sheet and no further writedowns there is nothing to impede ERG making a profit, the only thing needed to occur is sufficient margin on revenue and the earnings coming from that to extract a profit.
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posted 14-09-2003 11:57 AM
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Below isn't the freshest article in international news clippings--I think though if you read carefully the words in minute detail--it decribes the current situation regrding San Francisco--this article is dated August 30th.--Two transit agencies (the main ones) were hanging out for better deals--I think Muni may have been resolved--last one to go is Bart. There is an error in the below article---##the MTC next meet on September 24th American time (25th Australian time)##---not the 25th--as the article states---refer MTC website.
http://www.bayarea.com/mld/cctimes/news/6655172.htm
###Posted on Sat, Aug. 30, 2003###
BART's TransLink balk has cards faring poorly
By Lisa Vorderbrueggen
CONTRA COSTA TIMES
BART leaders have rejected a deal that would have ended the transit agency's dispute over the operation of TransLink, the region's first universal fare card
The agency won several concessions but the elected directors sought stronger assurances that TransLink managers would retrofit ticket vending machines in BART's stations.
The draft accord between the top managers of the Metropolitan Transportation Commission and BART consented to a retrofit but did not guarantee a source of cash to pay for it.
"Our customers must have the ability to add fare on their TransLink cards inside BART stations," said BART Director Dan Richard of Walnut Creek.
BART on Thursday sent its staff back to the negotiating table with the commission, which manages TransLink. ###It rescheduled the matter for its Sept. 25 meeting.###
The directors also asked staffers to evaluate what Richard called serious allegations of problems with the management of TransLink and its contractor, Australia-based ERG.
"I don't want to spend millions of dollars retrofitting BART ticket machines for a card that never comes," Richard said.
Commission spokesman Randy Rentschler assured commuters that TransLink will open.
But BART's action further delays the start date. The commission had hoped to open TransLink within the year on selected transit systems and within two years on most agencies.
TransLink cards feature an embedded computer chip that commuters wave past a reader, which triggers a computer to deduct fares from prepaid accounts.
The commission had intended to open TransLink first on Golden Gate buses and ferries, followed by San Francisco MUNI, AC Transit, CalTrain and Santa Clara Valley Transit.
The commission has already ordered the equipment from ERG. Its staff has scheduled ####a board vote in late September to officially proceed with installation.####
But without BART, estimated to generate a third of TransLink users, the farecard program is unlikely to go anywhere.
Worried about more delay, MTC Commissioner Mark DeSaulnier of Concord has ###requested a high-level negotiation session next week.###
"After all this time for BART to try and pull the plug simply cannot happen," said DeSaulnier, also a Contra Costa County supervisor.
"We have to all get together in the same room and fix this."
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posted 14-09-2003 12:26 PM
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http://clearstation.etrade.com/cgi-bin/stock_price_enum?Symbol=_INX
Standard and Poors--held 1007.71--September 12th.-Cubic verses NSW September 15th ##this Monday Supreme Court N.S.W.##-Fed meet Sept 16th--(Sept 17th Oz time) Triple Witch September 19th Sept 20th--Oz time.
Sep 12 2003 1,019.65 low---##1,007.71## 1,018.63 177,900
Aug6-34 days Sept8-retrace
15% = 1012.3075
23.6%=1007.1008
38.2 =998.2599
50% = 991.115
61.8 = 983.9701
82.5 = 971.432625
low Aug 6 960.84--to the low of Sept 8th 1021.39---34 days including the days themselves--60.55 points--low to low
1553 x 61.8%=959.754Aug 6th--low960.84
http://stockcharts.com/gallery?$GSPTEHW
Standard and Poors--Technology Hardware--$GSPTEHW
Alert ascending triple top breakout Traditional 3 box reversal chart.
Intellect Cleans Up Balance Sheet--11 Sep 2003 trading at 44 cents, down 0.5 cents.after tax loss of A$18 million for the year ended June 2003.
The index as a whole
http://stockcharts.com/gallery?$SPX
Alert double top breakout Sept 11--technology was up in lights it has recently declined.
200 day moving average Standard and Poors 925--Sept 10 American time
200 day moving average 104
100 day moving average --90.4
3 days--90.9
13 days 90.3
39 days 91.8
40 days 92.2
50 days 92.5
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36 days--Standard and Poors--Aug 6th to Sept 10th--90.7
34 days S&P 90.2
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posted 14-09-2003 12:39 PM
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Much to my chagrin--I'd like others to know so you don't experience what I've experienced!.LOL--The sharetrend is cyclical--at this stage the reconstruction process still places some negativity on the share price (depends of your point of view--with deep pockets you may see the negativity as a buying opportunity--for others it maybe painfull!)--you then have on your cycles--shorter term--intermediate and longer term--the estimation is--it will begin to look more like a trending stock--say about mid December--one important level--to eventually break through--and not only break through--but manage to stay over is 115. I'm the worlds lousiest trader of it--I appear good--but I'm not.---BK.
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From: NSW, Australia
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posted 14-09-2003 06:00 PM
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I have on my chart an entry:
QUICK entered 23 Jan 2001 at $2.76
So if you got in later much later, you are sort of OK I suppose.
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posted 15-09-2003 12:42 PM
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Thankyou for your input much appreciated---below is a Supreme Court Daily Court list--Cubic verses NSW--I just rang them--general enquiries is 92308111---I don't think the file has been submitted yet--so the person I spoke to said to ring back tomorrow--to find out--how it has progressed--which I will do--will post back with an update of what I find out.--Regards,--BK.
Daily Court Lists/ 15/09/2003 040720/02 10.30am
below Cubic and NSW.---poss.
The Supreme Court
of New South Wales
Daily Court Lists
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Court List for Date: 15/09/2003
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S U P R E M E C O U R T O F N E W S O U T H W A L E S
Monday, 15 September 2003
C O U R T O F A P P E A L
CHIEF JUSTICE SPIGELMAN
JUSTICE HANDLEY
JUSTICE (ACTING) FOSTER
BANCO COURT, LEVEL 13, QUEENS SQUARE
HEARING
10:30am
1 040720/02 CUBIC TRANSPORTATIONS v STATE OF NSW & 2 ORS
SYSTEMS INC & 1 ORS
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posted 15-09-2003 01:09 PM
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On another note--the first appearance of 1 dollar investment view---and reaction to 2nd half of FY3 year. It is copyright so I've just put the header in.----BK.
Aegis Equities Research View:
Company Risk:
Share Price Risk:
Ethical Rating:
Technical Rating: n/a
In Rec. Portfolio: No
12 Month Target: $1.00
Recommendation: Hold
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posted 15-09-2003 05:04 PM
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Net assets based on 267,503,037 shares on issue given by the company on the 23/6/03-divided by 198,715 =equals 74.285--74.3c rounded.---for end 30/6/03--reported 12/9/03
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The low is recorded on the 25/6/03 as 7.3 x 10=73 the vwap 74.37--ERGDA
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The above is my Stockness vwap--from someone else (Sabretoothed formerly of Egoli--now of H/C) I got a more precise vwap for the 25/6/03--of 74.453454 (two dates--when ERG finished trading--23/6/03--then ERGDA--when it started 25/6/03)
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Institution finished selling 5/9/03 average it sold at was 92c
23 626,572 .920 build up 92 area 15/9/03
Trend direction vwap 2.19pm 15/9-93.68
Last 92 vwap 93.47--vol=2,276,104 12/9/03
17/7/03-931445603576751117734724292101341
17 July 2003 – sold 2,000,000 ordinary
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posted 16-09-2003 11:46 AM
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17/9/03-Supreme Court--Consent orders/agreed
Both parties have agreed to file consent orders---tomorrow morning--on the 17/9/03-Supreme Court.
it won't be filed till tomorrow morning--I just spoke with the registrar.
Will ring again tomorrow--to see if I can find out what they have agreed to.
The low for yesterday 15/9/03--was 92c--this is not recorded by some data gatherers.
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posted 16-09-2003 11:58 AM
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Analysis is and I'm sure anyone reading would agree---some consolidation for the share price--with resistance at 95.--16/9/03--BK.
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posted 16-09-2003 12:11 PM
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This is a tecnical forum--not dealing with fundamentals---just thought though--would bring anyones attention to a post made by James of Ozestock--a recent one analysing ERGs recent result and the situation going forward. Globalhelp--has given an excellent commentary of what he see's in the ERG share price over the last couple of weeks--you have an ascending triangle and a descending one meeting each other--you need to read the full body of Globals posts.
James's fundamental post is post number 4966
http://www.ozestock.com.au/MessageView.asp?PostID=270755&Symbol=ERG
Regards,--BK.
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posted 16-09-2003 12:18 PM
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http://www.ozestock.com.au/MessageView.asp?PostID=271494&Symbol=ERG
post 4981--as well which is an all emracing look over the full twelve months for ERG Group--with investor cap on.--James of Ozestock.--Regards,--BK.
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posted 16-09-2003 12:56 PM
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220 divide 31= 7.0967
220 divide 30= 7.33
220 divide 29= 7.58620
220 divide 28= 7.85--(IMX for PWR--issue price)
220 divide 27 = 8.148--MOT
220 divide 26= 8.4615
220 divide 25 = 8.8
220 divide 24= 9.1666
220 divide 23= 9.56---resistance last time
220 divide 22= Bo Derek. 8.9 provision locked in at 10 with a fall from 30
115 divide 157= 7.3248--multiplying 100
88 - 96 12:58:38 pm 73 76,681 1 $55,977 9 25/6/03
Fed cut U.S. 1/4 plus Fed funds rate. 25/6/03 U.S. time. lows for S&P500 the 25/6/03 and the 26/6/03 are 974.86 and 973.80115 divide 156 = 7.371 for the second day running ERG has opened up 1c higher than it's previous close--ie 76 as opposed to 75--before that it was 75 as opposed to 74c. today's date is the 27/6/03
The official close for the 26/6/03 was 75--the last price traded at 4.17pm was 76 (ie 10 x 7.5 ie 10 x 7.6)
115 divide 155= 7.4193
115 divide 154 =7.46
115 divide 153=7.5
115 divide 152=7.56
115 divide 151=7.6158
115 divide 150=7.66
115 divide 149=7.77
115 divide 148=7.7702
115 divide 147=7.8
115 divide 146=7.876
115 divide 145=7.9
115 divide 144=7.9861111
115 divide 143=80.04
115 divide 142=80.09
115 divide 141=8.156---MOT 8.1% cap
115 divide 140=8.2142---vwap 20/2/03 16.53 divide 2 equals 8.265
115 divide 139=8.2733
115 divide 138=8.333
115 divide 137=8.394
115 divide 136=8.455
115 divide 135 =0.851851
115 divide 134=0.858208
115 divide 133=0.86466
115 divide 132 =0.87121212
115 divide 131=0.8778625
115 divide 130= 0.8846
115 divide 129 = 0.8914
115 divide 128 = 0.984375
115 divide 127=0.905511811
115 divide 126 =0.9126
115 divide 125=0.92
115 divide 124 =0927
115 divide 123 = 0.934959
115 divide 122=09426
115 divide 121=0.9504
115 divide 120=0.953
115 divide 119=0.9663
115 divide 118=0.9745
115 divide 117=0.9829
115 divide 116=0.9913
115 divide 115= 1(ie10) Bo Derek. 8.9 provision locked in at 10 with fall from 30
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posted 16-09-2003 01:13 PM
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Significant Items
The first half result previously announced included $65.9 million in significant items. The majority of
these items ($52.4 million) related to a provision taken in contemplation of the Proton World sale. This
provision did not take into account ERG’s potential to earn approximately $38 million in earn-out fees
under the sale contract. The significant items also included costs related to the balance sheet
restructuring ($9.4 million) and an increase in the deferred contingent consideration payable under the
original Proton World acquisition ($8.9 million). These items were partially offset by $5.0 million
received on disposal of the shareholding in ECard.
Following a comprehensive review of the financial statements at year-end, the Board resolved to write
down various assets and make provisions for diminution in value against the carrying value of a number
of current and non-current assets, totalling $48.3 million. The largest of these write-downs is
$15.4 million in costs previously capitalised against various projects.
All of the above things had a sinificant impact on the profit and loss statement in the last financials just released--they subtract off the company's profits--when next reporting---they won't for they are one off and will not occur again--that was the second half--then there is a whopping 52.4 mill--plus associated expenses--for Proton in the 1st half--that won't subtract either--13.7 million from the Proton transaction--will go into operational flows--financing and investing---post June 30th. It all adds up to a healthy ERG.--BK.
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posted 16-09-2003 01:27 PM
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On techinicals when ERG released it's first half financials it did so on the 7/3/03--the sharetrend bottomed on the 12/3/03--5 days later including the day of the report--it began to progress upwards from the 12/3/03--
(the bottom was 8.1c)the 7/3/03 was a Friday as was the 12/9/03--for the same thing to occur again---today is in timeframe.
12/3/03 equals the 16/9/03---tomorrow the 17/9/03--should see some upswing.--BK.
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posted 16-09-2003 01:46 PM
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For brevity---7/3/03 Friday--taking the weekend out---3 trade days---excluding the 7th itself--before ERG began to progress up.
In similarity it would be right now--also a weekend involved--not including the day itself--the 12/9/03--Friday---T+3---Wednesday the 17/9/03--maybe one more day of consolidation at most--either a progression up on the 17th--or the 18th--both days are significant.---BK.
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posted 16-09-2003 02:11 PM
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Parabolic SAR--sell as close to 9 as possible--below is someone else--dates are very important.---BK.
SUBJECT: ERG's slow decline to continue Posted By: salus
Post Time: ##5/20/03## 23:58
« Previous Message Next Message »
ERG's now in the mid to high 8 cent level. I hate to say I told you so, but let's face it - I did.
I predict continuing price weakness, with the share falling to at least 8c & very possibly lower.
This means that if ERG investors sold out now at say, 8.8c & rebought in at say 8.0c, then around 10% profits could be gained on the transaction. Not too bad at this late stage of the game!
Then there's the smart move that ex yuppo performed, selling his ERGs at 9.9c. If he can repurchase them close to the 8c level, he'll have made an easy 20% or so profits. The amazing thing to me is why many others haven't performed similar strategic plays? Surely no one here thought ERG would hold steady above 9c, when (at least to me) it was patently obvious it was on its way well south of this.
In any case, it's not too late. Profits can still be made, but you must be quick in order to maximise them. ##Try to sell as close to 9c as possible## then repurchase them around 8c. If you possess the cahonas, you could even wait till the share falls to 7.5c before repurchasing, although this is more risky albeit quite feasible nevertheless.
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posted 16-09-2003 02:24 PM
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The ##89## slightly higher fractions disregarded
Margin lenders ringing to get stock ##8th9/9/03##
An indication there aren't enough shorts on the market--next stop are brokers and margin lenders.--BK.
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posted 16-09-2003 02:31 PM
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On a personal note (lol)---BK.
Posted: Thu Aug 21, 2003 2:52 pm Post subject: Australian Taxation Office
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http://www.ato.gov.au/
Just a note with anyone in the process of doing tax--if you submit it electronically--to have it done by the ATO it will take between 7 and 14 days not later than 17 days.If you do it by mail--it will take (on average) 6 to 7 weeks. I phoned them yesterday.
Regards,--BK.
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posted 16-09-2003 02:47 PM
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Through the ERG tyrading experience for me--my elderly dad slips over (same as P Fog) does his hip in and is taken to hospital--so additional to doing tax--(he has other health problems as well) has been a family emergency all kinds of things--I know though in the trading sense--you can't let emotion come into buying and selling decisions (as hard as that sometimes is) Twice I've lost money on the market in a substantial way--on both occasions there was a death in the family--if anything I could say to others--is that if something similar happens to you--take time out--take some time off--for it affects your judgement.
BK.
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posted 16-09-2003 03:38 PM
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I have found as a general rule--odd numbers are bullish--even numbers are bearish--this is true when the share price goes down as well as up. Odd is bullish if you are shorting it downwards--as well as when you are shorting it upwards.--BK.
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posted 16-09-2003 03:53 PM
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The strength of the resistance at it's maximum point was 89--ie resistance was 100--from 89 we count in 2c intervals for the bulls.89 91 93 95 97 99 101.---BK.
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posted 16-09-2003 06:18 PM
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NTA minus 17 31/12/02-reported March 03
This report coming up 12/9--approximately a dollar--Melbourne Age 17/7/03. I rang Pattersons and while they wouldn't give me the exact figure they did confirm approx 1 dollar--the below calc is one I've done--based on the number of shares given by the entity on the 23/6/03 9756898573080499.
(writedowns within the next report coming up--the salient thing is though--confined to the 03 year--ERG is profitable with a clean balance sheet--forward from June 30th 03.
The company will report a loss--coming up--it will however show an enourmous improvement on the last result and will be running profitable for fy4. Regards,--BK.
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posted 16-09-2003 06:22 PM
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Ignore that last post--NTA is officially 36c---12/9/03--I mean't to post the below. I consider this the final countdown for ERG--long after I'm gone you can use the info here as a record of the year 2003--when the cheapest ERG were available--and with much of what has been inputed--price projections can be made into the future.--BK.
Previous low recorded for ERG was on the 12/3/03--which was 8.1--with a vwap of 8.5--it's high was on the day Sydney was announced on the 20/2/03 18--the vwap on the 20/3 was 16.53---82.5% retracement (Gann) is 9.3. A valuation of ERG is applicable relating to PWI/MOT settlements in it's accounts---re
82.5% retracement vwap's 9.3 16.53 - 8.8.5 8.03 x 82.5%=9.3
http://stocknessmonster.com/news-item?S=ERG&E=ASX&N=213871
Issue price or consideration (a) 75,541,489 ordinary sharesat $0.28
(b) 1,000,000 options at $0.314 28 divided by 3 x equals 9.3 rounded.
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posted 17-09-2003 07:57 AM
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ERG cyclical history 20/2/03 to the 8/8/03
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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.
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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
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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.
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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.
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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.
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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
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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
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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.
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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
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bonkers
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posted 17-09-2003 10:25 AM
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Cubic verses NSW.
Computer hasn't been updated yet--re Cubic and NSW--an employee of the Supreme Court though has looked into it for me (very kind of her to do that) and she tells me both parties came to an agreement-- and have settled with each other (terms undisclosed)--17/9/03
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bonkers
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posted 17-09-2003 03:24 PM
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95 I think is a key figure--which it has been toying with--needs to get over that and build up support on the other side of it.
BK
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bonkers
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posted 18-09-2003 02:03 PM
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NTA minus 17 31/12/02-reported March 03
This report coming up 12/9--approximately a dollar--Melbourne Age 17/7/03. I rang Pattersons and while they wouldn't give me the exact figure they did confirm approx 1 dollar--the below calc is one I've done--based on the number of shares given by the entity on the 23/6/03 9756898573080499.
(writedowns within the next report coming up--the salient thing is though--confined to the 03 year--ERG is profitable with a clean balance sheet--forward from June 30th 03.
The company will report a loss--coming up--it will however show an enourmous improvement on the last result and will be running profitable for fy4. Regards,--BK.
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bonkers
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posted 18-09-2003 02:05 PM
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6 trading days25thThe MTC meet/voteSanFran
The MTC meet to vote on Translink on September 24th American time September 25th Australian time--today is Thursday the 18th of September--there are 6 trading days to the 25th (next Thursday--Australian time) till that meeting occurs--every broker and every margin lender right accross Australia are aware that meeting is occuring.
I might have inadvertently posted twice--I didn't mean to--apologies if I have.--BK.
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bonkers
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posted 18-09-2003 06:32 PM
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July ERG rose to the 16/7/03 and the 17/7/03 doing a double top of 118 on both days.
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In tally with the 16th and 17th of July a bottoming process has occured- on the 16 and 17th of September.
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bonkers
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posted 18-09-2003 08:21 PM
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