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I attended the Adbri AGM today, no mention of Calix specifically but their Net Zero Emissions roadmap clearly states that Adbri is relying on roughly 70% of their emission reductions to come form "Breakthrough Technologies" so basically they have no idea how zero will be achieved.Poor old Adbri. It just can't get going higher with any conviction. Being in an emission intensive industry it's going to be hard to sell itself into the ESG crowd. Seems it's going to try on May 2nd.
I wonder if they've talked with CXL yet? If ABC could capture and store CO2 in their cement it could a winner.
Vale, ABC you were such a smooth mover and a swing traders dream stock.
And today's Announcement:Poor old Adbri. It just can't get going higher with any conviction. Being in an emission intensive industry it's going to be hard to sell itself into the ESG crowd. Seems it's going to try on May 2nd.
I wonder if they've talked with CXL yet? If ABC could capture and store CO2 in their cement it could a winner.
AGM finished at 11am and in the afternoon this announcement, Calix is basically the only organisation globally offering any kind a industrial level abatement, they pretty much have the market to themselves at the moment.And today's Announcement:
Calix CXL awarded a $11m grant from the Australian Government’s Carbon Capture, Use and Storage Hubs and Technologies Program to develop the world’s first commercial-scale process for the manufacture of low emissions lime with Adbri (ASX: ABC).
impressed ?? noanother silly ASX code for search engines
ABC results out today. Market not impressed, and down nearly 20%. And a lot of conditionals in the outlook.
2022 Outlook
The current uncertain economic and operating environment makes it difficult to provide quantitative guidance at this time. Subject to these uncertainties, demand for our products from the residential, infrastructure, commercial and mining sectors is expected to remain strong in 2H22. Further out-of-cycle price increases will assist Adbri in actively managing inflationary pressures, with pricing traction key to our ability to deliver. We anticipate strong demand for cement, although building and project completion timelines are being extended due to materials and labour shortages. Lime volumes are anticipated to be stable in H2 versus H1. Lime pricing is expected to improve with new customers seeking reliable domestic supply due to supply chain disruptions experienced by importers. Demand is expected to remain strong for concrete and aggregates to the end of the year, and if weather abates in NSW, will be buoyed by the commencement of delayed projects and flood recovery works. Softness in retail spending is expected to impact masonry demand, with increased interest rates impacting household discretionary spend.
Gross cost savings of circa $10.0 million for the year, will only partially offset ongoing cost headwinds in areas including pallets, shipping, labour, power, fuel and raw material prices. Excluding business acquisitions, 2022 capex investment is estimated to be approximately $300.0 million, including circa 40% for the Kwinana Upgrade project.
Hard to make a buck:
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i was kinda hoping it would slide a little lower so i could buy some extrasOne of my picks for the 2023 full year trading competition.
On the fundamental side, demand for the product isn't about to disappear. Sure there might be some who see an issue with CO2 emissions and so on, which are inherent to cement production by its very nature, but cement isn't becoming obsolete indeed it's a key component of large scale infrastructure.
Add in at least somewhat lower energy costs being likely, at least in the short term, and I think it's oversold.
that is around my ( top-up ) target but have been watching two REITs today without successBack down at recent support level @ 1.60 .. hmm
No obvious buy signal that I can infer yet. In fact daily chart suggests caution to me. Do I dare ? lol
Not Held
Daily
View attachment 154337
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