Author Topic: ACL  (Read 18467 times)

jaDEB

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ACL
« on: April 25, 2013, 04:14:21 pm »
Wow, under R24.....
jaDEB

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Nivek

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Re: ACL
« Reply #1 on: April 25, 2013, 05:07:12 pm »
IT's trying to do the limbo
« Last Edit: April 25, 2013, 05:11:52 pm by Nivek »

HappyOne

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Re: ACL
« Reply #2 on: April 26, 2013, 10:45:11 am »
They are killing me . . . What a dip! :'(

jaDEB

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Re: ACL
« Reply #3 on: April 26, 2013, 10:56:04 am »
u bought ACL? what was u entry price?
jaDEB

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jaDEB

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Re: ACL
« Reply #4 on: January 23, 2014, 04:17:59 pm »
 8) Are we missing the boaT?

High R121
Low R23
Now R41  ???  ::) :-[
jaDEB

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Moneypenny

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Re: ACL
« Reply #5 on: January 23, 2014, 05:38:15 pm »
I'm waiting to pounce with one more short here, hey, but that's just me.

Moneypenny

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Re: ACL
« Reply #6 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.

jaDEB

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Re: ACL
« Reply #7 on: February 10, 2014, 10:23:06 am »
Up another 5% so far.
jaDEB

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jaDEB

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Re: ACL
« Reply #8 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
jaDEB

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Moneypenny

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Re: ACL
« Reply #9 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?
 

jaDEB

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Re: ACL
« Reply #10 on: February 17, 2014, 12:38:48 pm »
maybe -  "The trend is your friend" -

jaDEB

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Moneypenny

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Re: ACL
« Reply #11 on: February 17, 2014, 12:43:43 pm »
Ok, I'll bring that into the mix.

Aragorn

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Re: ACL
« Reply #12 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.
Not idly do the leaves of Lorien fall.

Moneypenny

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Re: ACL
« Reply #13 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
« Last Edit: March 03, 2014, 09:21:25 am by Moneypenny »

Moneypenny

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Re: ACL
« Reply #14 on: March 07, 2014, 09:41:04 am »
Stoploss past few days, hopefully I get a break today.