Australian (ASX) Stock Market Forum

WOR - Worley Limited

Jump to new
Reece this is even looking better today currently up 65 cents and the overal market is down 43 points

WOR $31.65 +$0.65 +2.10% 92,885 shares $2,851,551 @ 25-Jun 10:24:13
 
Looking even better as the day goes by and up $1.12

WOR $32.12 +$1.12 +3.61% with high of $32.17 & low of $30.96 199,716 shares $6,261,606 @ 25-Jun 11:06:41

Volume looking VG today and for the past two days
Date----- Close -Volume
22-Jun-07 31.00 996,242
21-Jun-07 29.95 1,287,192
20-Jun-07 29.39 615,703
19-Jun-07 29.70 451,677
18-Jun-07 29.69 729,161
15-Jun-07 29.09 338,884
14-Jun-07 28.85 663,326
13-Jun-07 29.15 848,313
12-Jun-07 28.80 435,280
08-Jun-07 29.01 594,303
07-Jun-07 29.90 371,504
 
Macquarie Equities upgraded WOR to outpeform @ $32.50.

Worley's report is a gamble as usual, it it smashes expectations it'll rally ballistic, if its slightly below expectations it'll tumble, which would make a great buy.

Anyone buying WOR?
 
bigdog said:
Reece this is even looking better today currently up 65 cents and the overal market is down 43 points

WOR $31.65 +$0.65 +2.10% 92,885 shares $2,851,551 @ 25-Jun 10:24:13
Click to expand...

Hi BigDog

I was hoping for a retrace of that leap up, but it looks like market had a different thought in order..... Hope your on this one mate....

Man o man those shorts must be sweating...... They would still have days of stock to buy back....

Cheers
 
reece55 said:
Hi BigDog

I was hoping for a retrace of that leap up, but it looks like market had a different thought in order..... Hope your on this one mate....

Man o man those shorts must be sweating...... They would still have days of stock to buy back....

Cheers
Click to expand...

Reece, I got in February 2006 @ $14.35, holding for 10 years and laughing

The attached Padley article recomends WOR buy for next 10 years

http://www.theage.com.au/news/busin...r-10-years-time/2007/06/15/1181414546482.html

2017? Buy now! Here are the tips for 10 years' time
Marcus Padley
June 16, 2007

Extract only

BUFFETT reckons he wouldn't care if the
sharemarket closed for 10 years. OK, done. As of next Friday they are going to close the sharemarket for 10 years. You have a week to get set. What are you going to buy? Here's my guess.

Mining services companies follow. If the resources sector makes money, then so will these. Let's have a few Worley Parsons and some of those Boart Longyear. I know everyone bagged them on the float but they just went into the ASX 200 and will be climbing, not falling.

attached is Padley article from
 

Attachments

  • 10 year share buy forecast June 2007.pdf
    77 KB · Views: 18
Cheers for that article BigDog, gave me a trading idea right there ... Boart Longyear looks quite good!

Might just be the next Worley Parsons hey!
 
vishalt said:
Cheers for that article BigDog, gave me a trading idea right there ... Boart Longyear looks quite good!

Might just be the next Worley Parsons hey!
Click to expand...

Vishalt, I am interested to hear about your trading idea; will you share your idea?
-- with Forum or PM me!!!
-- assume with Worley Parsons and Boart Longyear
 
lol im just assuming big dog, take a look at BYL, it floated in april, and it will report mid-August.

asssuming it has a good report, i dont see why it can perform the same way as worley parson's shares have
 
Another great day for Worley with SP up 3.62%

WOR $32.92 +$1.15 +3.62% 226,388 shares $7,318,383 @ 26-Jun 12:37:08
 
The Worley SP has risen $3.70 or 12.59% to $33.09 over the past five days with no ASX announcements or speeding tickets!

Yesterday also saw WOR all time SP high of $33.24 or 13.1% increase in past five days.

SP increased 41 cents yesterday when the ASX 200 index lost 2 per cent or 124 points to 6184.2 -- wiping away all of the gains of the past two weeks.

--------------------------- Daily
Date ---- Close - Volume -- $ incr % increase
27-Jun-07 33.09 1,360,122 0.41 .. 12.59%
26-Jun-07 32.68 . 779,677 0.91
25-Jun-07 31.77 1,060,993 0.77
22-Jun-07 31.00 . 996,242 1.05
21-Jun-07 29.95 1,287,192 0.56
20-Jun-07 29.39 . 615,703

I hold WOR
 
bigdog said:
The Worley SP has risen $3.70 or 12.59% to $33.09 over the past five days with no ASX announcements or speeding tickets!

Yesterday also saw WOR all time SP high of $33.24 or 13.1% increase in past five days.
Click to expand...

Today Worley is up $1.60 or 4.84% on no news!!

WOR $34.69 +$1.60 +4.84 $34.69 56,991 shares $1,909,087 28-Jun 10:21:10
 
bigdog WOR in a trading halt... Announcement? speeding ticket?
what do you reckon? Its been going like a house on fire....
 
zuluwarrior08 said:
bigdog WOR in a trading halt... Announcement? speeding ticket?
what do you reckon? Its been going like a house on fire....
Click to expand...

Something is happening!

Special after trading yesterday were high 360,006 shares (48% of normal trades)
WOR 28-Jun-07 16:34:35 $33.77 105,000 $3,546,060 SPXT
WOR 28-Jun-07 16:34:14 $33.80 105,000 $3,549,042 SPXT
WOR 28-Jun-07 16:22:34 $33.95 45,006 $1,527,954 SPXT
WOR 28-Jun-07 16:18:11 $33.80 105,000 $3,549,042 SPXT

Total volume yesterday June 28 in normal trading totaled 743,699 shares

There were also 21,644 special sales this morning prior to opening 10 AM
Time(AEST) Price Volume Value Condition Codes
08:15:02 $33.7893 2,448 $82,716.20 LTXT
07:23:13 $33.9800 12,000 $407,760.00 LTXT
07:13:12 $29.2000 3,084 $90,052.80 EC
07:12:24 $27.7400 4,112 $114,066.88 EC

There were many special sales this morning many coys (normally only BHP)
-- refer my posting
https://www.aussiestockforums.com/forums/showthread.php?p=174952#post174952
 
Yeh I noticed BHP and LHG too. Maybe fund managers buying to get their bonus?

WOR has such good potential in terms of economic manipulation in the future by locking in contracts now to take advantage of the resources boom. I like it because the price of commodities doesn't affect it directly due to their hedged contracts. To me this seems perfect for large Funds to stock up on it today being the last day of FY06/07.

Lets hope its up and away
 
Where to from here $40-$50+ or a dift downwards to around $25.

What I like at present is this company just keeps coming out and smashes forecasts.

Postves: rerating after reating.

With demand for services it is hard to even go past this one even at current levels, but hard to determine where ceiling is from here.
 
2017? Buy now! Here are the tips for 10 years' time
Marcus Padley
June 16, 2007

Extracts of article:
BUFFETT reckons he wouldn't care if the sharemarket closed for 10 years. OK, done. As of next Friday they are going to close the sharemarket for 10 years. You have a week to get set. What are you going to buy? Here's my
guess.

Mining services companies follow. If the resources sector makes money, then so will these. Let's have a few Worley Parsons and some of those Boart Longyear. I know everyone bagged them on the float but they just went into the ASX 200 and will be climbing, not falling.
 

Attachments

  • 10 year share buy forecast June 2007.pdf
    77 KB · Views: 18
What a day today is with SP high of $36.33 up $2.23

Currently
WOR $36.04 +$1.94 +5.69% high $36.33 329,672 shares $11,771,757 @ 09-Jul 11:35:12
 
Hi Bigdog

God, still can't believe that I didn't buy this thing at $31.50........

Textbook example of a short squeeze here, broke out of a resistance point, didn't even retrace and hasn't stopped flying since.... At the close of business on Friday, there were still 4.9 Mil short, a huge huge position to be hanging on too. I wonder if they were busy covering today????

Good luck to all holders here, it should retrace (hahaha eventually!!!)

Cheers
 

Similar threads

R
ADL - Admerex Limited
Replies
8
Views
4K
scsl
S
N
RSP - Resource Pacific Holdings
Replies
14
Views
8K
rhen
R
Top