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General Category => Shares => Topic started by: jaDEB on April 25, 2013, 04:14:21 pm

Title: ACL
Post by: jaDEB on April 25, 2013, 04:14:21 pm
Wow, under R24.....
Title: Re: ACL
Post by: Nivek on April 25, 2013, 05:07:12 pm
IT's trying to do the limbo
(http://markets.ft.com/RESEARCH/uploadhandler/z0485110azfc2c7884f2284896b5d09914f7efde78.png)
Title: Re: ACL
Post by: HappyOne on April 26, 2013, 10:45:11 am
They are killing me . . . What a dip! :'(
Title: Re: ACL
Post by: jaDEB on April 26, 2013, 10:56:04 am
u bought ACL? what was u entry price?
Title: Re: ACL
Post by: jaDEB on January 23, 2014, 04:17:59 pm
 8) Are we missing the boaT?

High R121
Low R23
Now R41  ???  ::) :-[
Title: Re: ACL
Post by: Moneypenny on January 23, 2014, 05:38:15 pm
I'm waiting to pounce with one more short here, hey, but that's just me.
Title: Re: ACL
Post by: Moneypenny on February 10, 2014, 09:00:14 am
Up 17.4% past 7 days, 18.3% past month, last trade @ 4480.  Still don't trust this sucker, on my shorting watch list.
Title: Re: ACL
Post by: jaDEB on February 10, 2014, 10:23:06 am
Up another 5% so far.
Title: Re: ACL
Post by: jaDEB on February 11, 2014, 09:35:39 am
Up 17.4% past 7 days, 18.3% past month, last trade @ 4480.  Still don't trust this sucker, on my shorting watch list.

From Imara website.

ARCMITTAL

 incipient recovery

Add
Title: Re: ACL
Post by: Moneypenny on February 17, 2014, 12:24:40 pm
ACL narrowed full-year loss (7 Feb 2014, Reuters) on weaker rand & firmer steel price which offset decline in sales.

Diluted headline loss/share (31 Dec 2014) 56c, prev year loss/share 129c.

UBS raised target price to R50 from 46.30, rating neutral.

Company expected improved Q1 performance (on international price pickup & higher sales volume after seasonal slowdown Q4)

Despite all this, I changed this one from my short watch list to short now until at least end Apr.  Q1 Earnings release 9 May.

Anybody aware of a reason (except above ones) not to do this?

Input guys?
 
Title: Re: ACL
Post by: jaDEB on February 17, 2014, 12:38:48 pm
maybe -  "The trend is your friend" -

Title: Re: ACL
Post by: Moneypenny on February 17, 2014, 12:43:43 pm
Ok, I'll bring that into the mix.
Title: Re: ACL
Post by: Aragorn on February 17, 2014, 01:31:16 pm
Despite all this, I changed this one from my short watch list to short now until at least end Apr.  Q1 Earnings release 9 May.

Anybody aware of a reason (except above ones) not to do this?

Input guys?
Checking the indicators I use shows that it is more ripe for a short than for a long at the moment, but none stand out specifically to convince me to enter a short. Metals prices are seemed to be declining in the year ahead, and if the ZAR does not weaken further or in line with these prices, ACL's income would reduce significantly.
Title: Re: ACL
Post by: Moneypenny on March 03, 2014, 09:19:54 am
According to Reuters, Barclays cutting ACL target price to R37 from R38, rating underweight.
(27 Feb 2013)

Edit:  Currently trading 3992
Title: Re: ACL
Post by: Moneypenny on March 07, 2014, 09:41:04 am
Stoploss past few days, hopefully I get a break today.
Title: Re: ACL
Post by: jaDEB on March 07, 2014, 10:45:05 am
I assume you are short ACL ?
Title: Re: ACL
Post by: Moneypenny on March 07, 2014, 11:36:52 am
I'm short everything. :)
Title: Re: ACL
Post by: Moneypenny on March 11, 2014, 05:13:21 pm
@ Patrick: You asked why the drop specifically today?

Don't know but I can guess. ;D

Except for Barclay’s price cut on ACL on 27 Feb to R37/share and this weekend's China-issues, my guess would be yesterday’s Investor Day Presentation in Canada fuelled more flames:

Mittal yesterday said they are selling some Ukrainian output in other markers on a forecast for slower than expected demand in that growth region as domestic markets are down in Ukraine. Steel demand in Commonwealth of Independent States (that includes Russia & Ukraine), may increase more slowly than the 1.5% to 2.5% previously forecasted by Mittal.

The company provided an update on operations and medium-term plans, (unchanged from previous investor day last year), investors were hoping for additional cost cutting, hence some disappointment after announcement.
Title: Re: ACL
Post by: jaDEB on July 30, 2014, 02:56:53 pm
 :TU: