Thanks for the comments. Any thoughts on what has driven this...

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kemenya

436 Posts.

23/08/16

10:47

Post #: 18603090
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Originally posted by DSD ↑

I've learnt to attach an enormous amount of importance to the 'language' used in company updates/reports and esp in the 'outlook statements'.

When DTL and ASG announced their respective updates not only were the figures good but the language used by MDs brimmed with optimism. hence, i bought with strong confidence at $1.125 and 90.5c. The result a 4-6 weeks later confirmed the updates AND each company's outlook maintained the strong optimism/confidence re the year ahead. Hence, no surprise to see their SPs soar!

With contractors its even more important as the situation/macro changes so rapidly. DOW and UGL have given clear indicators re margins, revenue and in DOW's case actual net profit for FY17. UGL's strength is govt sector infrastructure esp anything rail. DOW does just about everything and is well poised to benefit from increased govt spending.

MND is a very well managed company. But its main focus has been concentrated in oil&gas and resource construction. MND boomed during the resource boom. It was smart enough to set PLENTY cash aside during the heydays and is moving across to civil engineering as macro continues to weaken considerably/rapidly. Today's outlook is sombre and I've done some estimates re future earnings.

WOR is in a fix. Big debt, HUGE goodwill on balance sheet which exceeds company's mkt cap!! How can that be? Firm employs some 26,000 consulting engineers that are looking to replace the hundreds of Billions spent in the resource and energy boom. Its going to find it a very hard slog indeed. Hence, I will pay careful attention to the language used in WOR's results and esp 'outlook' statement tomorrow. I can't fathom how SP got to $9.53 during yesterday's trade!?!

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Thanks for the comments. Any thoughts on what has driven this huge rally over the last few weeks?

I was a WOR fan many months ago but sold out as I thought fully priced - but just can't understand this rally. When I don't understand I usually dont trade it.

WOR Price at posting: $8.69 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $13.87		Change 0.120(0.87%)		Mkt cap ! $7.649B

Open	High	Low	Value	Volume
$13.75	$13.87	$13.62	$16.71M	1.213M

Buyers (Bids)

No.	Vol.	Price($)
2	8268	$13.86

Sellers (Offers)

Price($)	Vol.	No.
$13.87	4066	2

View Market Depth

No.	Vol.	Price($)
1	1000	14.100
2	20978	14.070
2	25834	14.060
2	12129	14.050
1	5741	14.040

Price($)	Vol.	No.
14.110	5741	1
14.120	27754	3
14.130	48372	6
14.140	17763	2
14.150	3229	1

Last trade - 16.10pm 29/11/2024 (20 minute delay)

WOR (ASX) Chart

Thanks for the comments. Any thoughts on what has driven this...

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Buyers (Bids)

Sellers (Offers)