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ABC - Adbri Limited

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ABC punished because Boral came out with a profit warning, building stocks are very cyclical.
 
On May 25th, 2020, Adelaide Brighton Limited changed its name to Adbri Limited.
 
ABC (Adbri) daily chart below showing CAM counter trend signal in blue and BO level @ 2.66

Up 3.2% yesterday ( same as a lot of stocks ) but another to watch as things return to normal.

upload_2020-5-27_6-20-59.png
 
Well that happened pretty quick, nice break out up 6.15% to close @ $2.77

upload_2020-5-27_18-13-24.png
 
Just goes to show that you don't have to chase speccies to make a decent return.

Another nice day for ABC today, thats ~14.5% since my first post on the 27/5 and ~17% since initial signal on scan

upload_2020-6-1_14-52-7.png


not held but happy that the scan picked it....you can't jump on them all but getting more confidence is the system.
 
Trav. said:
daily chart below showing CAM counter trend signal in blue
Click to expand...

Hi, briefly, what do you mean by this? Positive closes (close equal to or higher than open) + close above some moving average within a potential reversal pattern?
Or your alternative question to access this article, "is antifa actually fascist?" or, skip question,
 
I believe it was not an over reaction. Alcoa undertakes thorough and due diligence. It costed $70 M loss on one customer hit. Retention of customer is very important having dealt with them for 50 years. I suspect there could be new blood within Alcoa or ABC. They did not take a strategy to have plan B. Complacency - typical she will be right mate. Once ABC lost the contract with Alcoa would provide lots of ripples and waves with existing customers. So i see it is tip of the ice berg. Do not hold. Being a WA person, love the company. Held the stock earlier.
During COVID the share price slumped to $1.85.
https://www.asx.com.au/asxpdf/20200703/pdf/44k6kf002wh74v.pdf
I feel pity for this director who bought 100000 shares from previous holding of 5000 shares. As a director such a commitment a big money. so were you blind to get any signal how the company was doing in front of Alcoa. So if you did not have the far sighted sign, means there could be many more issues.
https://www.asx.com.au/asxpdf/20200522/pdf/44j1f98d2t2j73.pdf
Only 6 weeks back such a glorious presentation - where is ABC's risk analysis ??
https://www.asx.com.au/asxpdf/20200519/pdf/44hy5tw70y7zb8.pdf
 
It hurts when big customers leave or go bust etc, same for all businesses big and small, still trading at a little more than the VFC low of $1.85 just a few months back.
 
System said:
On May 25th, 2020, Adelaide Brighton Limited changed its name to Adbri Limited.
Click to expand...
If I were ABC on July 25th, 2020, I'd change it's name back to Adelaide Brighton Limited.

Fluffery contributes to boards being lulled away from the main business.

gg
 
Trading above $3 today for the first time since early July, all is forgiven it seems, SP back to where is was 12 months ago..
~
ABC1year.JPG
 
Bad week for ABC as it lost -10% and with it my profits have gone as well....:arghh:

Closed back below $3 and I hope that it was just a bad week and things will turn around next week ?

1604208288719.png
 
Trav, you and I seem to be tracking some of the same tickers! This is what I'm seeing today.
1607912390533.png

A broadening descending wedge on the weekly with an ascending wedge in the short term - if that breaks bullish then it will indeed be a fun ride! I'm currently up almost 50% (I bought in on the Alcoa news dip in early July).
Macro climate indicates that this should be a great time to be selling cement products - I work for a competitor of theirs so while it is fun to stick it to them, I like this rising tide!
 
BlindSquirrel said:
Trav, you and I seem to be tracking some of the same tickers! This is what I'm seeing today.
View attachment 116317
A broadening descending wedge on the weekly with an ascending wedge in the short term - if that breaks bullish then it will indeed be a fun ride! I'm currently up almost 50% (I bought in on the Alcoa news dip in early July).
Macro climate indicates that this should be a great time to be selling cement products - I work for a competitor of theirs so while it is fun to stick it to them, I like this rising tide!
Click to expand...

ABC re ASF 2021-01-19.png


It would appear as though ABC has found support at around the $2.98 mark.
Price opened today at $3.01 and has traded as high as $3.06.
Will support continue to hold at $2.98?
My take on an a-b-c wave count.
Cheers, Rob
 
It's lost the rising wedge, the measured move from there brings the target to the 2.85 support line. I think that would be a nice entry or top up point. It almost coincides with a re-test of the descending broadening wedge on the longer time frame!
1611018644277.png
 
ABC is not ready yet but it will be soon. There's been a two year down trend and the current base is one year old. Price looks likely to break-out of the horizontal resistance soon. I like the series of higher lows forming the ascending triangle pattern.

This is a Weinstein Stage 1 and the BO-HR will mark the start of Stage 2.
This is a classic Mark Minervini volatility contraction pattern (VCP - code 52W 42/15 3T). Each dip is smaller than the prior dip (forming the higher lows. Mark prefers waiting until his pattern sets up in stage 2. He waits for the instos to buy first.

abc1306.PNG
 
peter2 said:
ABC is not ready yet but it will be soon. There's been a two year down trend and the current base is one year old. Price looks likely to break-out of the horizontal resistance soon. I like the series of higher lows forming the ascending triangle pattern.

This is a Weinstein Stage 1 and the BO-HR will mark the start of Stage 2.
This is a classic Mark Minervini volatility contraction pattern (VCP - code 52W 42/15 3T). Each dip is smaller than the prior dip (forming the higher lows. Mark prefers waiting until his pattern sets up in stage 2. He waits for the instos to buy first.
Click to expand...

Fundamentally there is very little to get excited about in the short term for ABC. They are Just treading water in the current market. Increased demand from the mining industry has only offset weakness in the building sector.
 
Adbri signs supply contract with OZ Minerals

Adbri Limited (“Adbri” or “the Company”) (ASX:ABC) is pleased to announce an agreement with OZ Minerals Limited (ASX:OZL) (through their respective subsidiaries) for the supply of cementitious materials to the OZ Minerals Carrapateena mine in South Australia.
The contract value is around $10 million over a three-year term, with options to extend to 2027. In addition to the supply of cement, Adbri will also supply aggregate and sand from the Company’s hard rock and sand quarries in South Australia, as well as providing supporting logistics services. Managing Director & CEO, Nick Miller said, “Adbri is pleased to build on our long-term relationship with OZ Minerals.
This contract is in addition to our existing agreement to supply the OZ Minerals Prominent Hill mine and demonstrates the strength of our local integrated manufacturing footprint serving the South Australian market.”

DYOR

i hold ABC ( 'free-carried ' ) i also hold OZL ( 'free-carried ' )

curses i was hoping to add more cheap

but surely a $10 million 3 year contract isn't enough to trigger a trading halt ( which it seems to be in )
 
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