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Author Topic: ACL  (Read 26242 times)

jaDEB

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

If it scares you, it's a sign you need to do it

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 »
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HappyOne

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

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

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jaDEB

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Re: ACL
« Reply #8 on: February 11, 2014, 09:35:39 am »
Quote from: 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.

From Imara website.

ARCMITTAL

 incipient recovery

Add
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jaDEB

If it scares you, it's a sign you need to do it

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?
 
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jaDEB

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

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jaDEB

If it scares you, it's a sign you need to do it

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.
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Aragorn

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Re: ACL
« Reply #12 on: February 17, 2014, 01:31:16 pm »
Quote from: Moneypenny on February 17, 2014, 12:24:40 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.
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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 »
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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.
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