| Subject: Sharetrading analysis ERG Major support at 50 break resistance at 58 next level 66 7/12/2001. |
Author:
Steve Bonkers.
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Date Posted: 19:47:09 12/07/01 Fri
Start of topic by dingo37
Message ERG (read 1056 times; 10 replies)
Conference ASX
Posted Thu 6-Dec-01 10:22
Member dingo37
Email Address withheld
Member Since 21-Jun-01
No. Connections 425
No. Posts 21
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Erg appears to be starting a run, could it go as high as 0.93 cents and hold or is it just riding on the nasdaq ???
regards dingo37
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Reply by kununurra to dingo37 (1 of 10)
Message ERG (read 969 times; 1 reply)
Conference ASX
Posted Thu 6-Dec-01 10:38
Member kununurra
Email Address vernaphil@bigpond.com
Member Since 23-Feb-00
No. Connections 459
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I really think once erg proves it income stream you will see this share will above the $2 mark. This may take 6 to 12 months. I have a lot of money in it now. Brought in at the end of the rights issue
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DISCLAIMER:From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. While every effort is made by the moderators to remove these, some may still appear on these forums. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice. Before acting on any of the information you read and making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
Reply by hombry to kununurra (2 of 10)
Message ERG (read 669 times; 0 replies)
Conference ASX
Posted Thu 6-Dec-01 14:16
Member hombry
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Member Since 24-Sep-01
No. Connections 67
No. Posts 5
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Aren't you the fella who also just got the rights.You are really loading up aren't ya.
- T.H. -
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DISCLAIMER:From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. While every effort is made by the moderators to remove these, some may still appear on these forums. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice. Before acting on any of the information you read and making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
End of (sub)thread.
Reply by seanmorr to dingo37 (3 of 10)
Message ERG (read 994 times; 7 replies)
Conference ASX
Posted Thu 6-Dec-01 10:32
Member seanmorr
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Member Since 15-Dec-99
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what makes u think it could go as high as 93 dingo.i personally think there close to another contract win as it said in the rights prospectus that further contract deals could be concluded in the rights period
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DISCLAIMER:From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. While every effort is made by the moderators to remove these, some may still appear on these forums. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice. Before acting on any of the information you read and making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
Reply by dingo37 to seanmorr (4 of 10)
Message ERG (read 773 times; 0 replies)
Conference ASX
Posted Thu 6-Dec-01 13:15
Member dingo37
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Member Since 21-Jun-01
No. Connections 425
No. Posts 21
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Sorry seanmorr,
the price should have been 0.99 cents, not 93, this amount being the true value per share.
regards
dingo37
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DISCLAIMER:From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. While every effort is made by the moderators to remove these, some may still appear on these forums. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice. Before acting on any of the information you read and making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
End of (sub)thread.
Reply by wrongway to seanmorr (5 of 10)
Message ERG (read 911 times; 5 replies)
Conference ASX
Posted Thu 6-Dec-01 10:58
Member wrongway
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Member Since 10-Feb-00
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montreal must be close its been in the pipeline for a while now.wrongway
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DISCLAIMER:From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. While every effort is made by the moderators to remove these, some may still appear on these forums. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice. Before acting on any of the information you read and making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
Reply by bonkers to wrongway (6 of 10)
Message ERG (read 767 times; 4 replies)
Conference ASX
Posted Thu 6-Dec-01 13:31
Member bonkers
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Member Since 26-Mar-01
No. Connections 157
No. Posts 74
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Would anyone be able to help me out on fundamentals?
Before the acqisition of Proton--Investrweb report gave the net asset backing per share at 39c---I understand that with the purchase of Proton that fits in with ERG's growth plans (Investorweb--gives a growth rate of around 150% for 2002) nevertheless the business at this stage I believe is loss making (not a worry in my view for it is the growth and you are making money elsewhere to subsidise it anyway)---to cut along story short and to stop waffling--what would be the net asset backing per share now? Would anyone know?
Your assistance would be appreciated.
Cheers,--Bonkers.
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DISCLAIMER:From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. While every effort is made by the moderators to remove these, some may still appear on these forums. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice. Before acting on any of the information you read and making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
Reply by rembrandt to bonkers (7 of 10)
Message ERG (read 328 times; 0 replies)
Conference ASX
Posted Thu 6-Dec-01 23:18
Member rembrandt
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Member Since 17-May-01
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Hmmm... the acquisition of Proton World is to be funded by a renounceable rights issue (ERGR-4/12/01) of 3 (@$0.50 each) for every 10 shares held.
ERGR opened @$0.10 but have eased to $0.029 today suggesting the market wants to pencil in about $0.53 for underlying scrip.
Accordingly, can't see any change to NTA which I also have as $0.39.
The P/E of 20.4 is a tad high but reflects lower earnings/revenue 2001 due to sale of telecom interests and should improve 2002.
I reported here earlier this week that major support @$0.50 and retracement needs to break resistence @$0.58 to firm beyond this and to next level @$0.66.
Underdog status deserves a HOLD for the faithful who will be rewarded if they live long enough...
This is only my view .. read the red stuff.
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DISCLAIMER:From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. While every effort is made by the moderators to remove these, some may still appear on these forums. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice. Before acting on any of the information you read and making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
End of (sub)thread.
Reply by ratbagger to bonkers (8 of 10)
Message ERG (read 455 times; 0 replies)
Conference ASX
Posted Thu 6-Dec-01 20:15
Member ratbagger
Email Address howardj@mbox.com.au
Member Since 5-Dec-99
No. Connections 2103
No. Posts 1176
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Erg sucks in more victims, once again.
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DISCLAIMER:From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. While every effort is made by the moderators to remove these, some may still appear on these forums. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice. Before acting on any of the information you read and making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
End of (sub)thread.
Reply by wrongway to bonkers (9 of 10)
Message ERG (read 669 times; 1 reply)
Conference ASX
Posted Thu 6-Dec-01 14:19
Member wrongway
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Member Since 10-Feb-00
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i dont think its the asset backing that matters rather the revenue growth and the profit . erg say that revenue is going to be between 290 and 450 million this year . i believe that erg profit will be back up to 30 million .wrongway
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DISCLAIMER:From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. While every effort is made by the moderators to remove these, some may still appear on these forums. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice. Before acting on any of the information you read and making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
Reply by bonkers to wrongway (10 of 10)
Message ERG (read 190 times; 0 replies)
Conference ASX
Posted Fri 7-Dec-01 09:52
Member bonkers
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Member Since 26-Mar-01
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Cheers, people the info was very helpful, the net asset backing per share stays the same at 39c at Stockhouse, therefore when they said it had increased this was wrong.
Below is a piece out of my daily morning meeting notes dated the 24/8/2001 this was before the German company that ERG have part ownership in secured the contract that they won. J.P. Morgan met with ERG and then later from that meeting gave them a spec buy with a valuation through time of 1.22---the important thing to consider is that J.P. put great emphasis on the importance of German licence fee's, since that was stated ofcourse--the company over in Germany won the contract, the importance of it cannot be stressed enough, for this is where the inclusion of 31 million dollars into ERG's profit will be included if ERG can demonstrate to the auditors that the business in Germany is maturing, the reason it was discounted at the last profit report was that the auditors said the business was still nascent--that is not the case now.
From the email shareholders send out list ERG state the following: (I have not altered the words in any way)
We will continue
discussions with our auditors in order to assess whether this transaction will
be booked in the current financial year. As we have stated on previous
occasions, the revenue has not been lost or disallowed,
but deferred
until future events allow its
recognition.
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Morning Meeting notes.
The below is an opinion from a broker they may be wrong they may be right--other brokers would have other opinions--if you have another broker--be interested in what they say too.
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24/8/2001
The below Morning Meeting notes translated into my own words so I haven't breached copyright.
They have finalised FY02 and 3 estimates--they retain buy rec a number of positives came out of a meeting with management--research and development has peaked--management expect to get in net cash flow between 150 million and 200 million financial year 2002---in the cuurent enviroment they are saying the share price is unlikely to get a significant boost (re Wall Street)--they have downgraded profits for FY2 to 39.9 million and for FY3 to 48.5 mill (down 12%)--they like the recurring revenues and say the company basically looks good over the longer term--a mention is made of the importance of German licences.
Cheers,--BK.
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DISCLAIMER:From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. While every effort is made by the moderators to remove these, some may still appear on these forums. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice. Before acting on any of the information you read and making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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