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ABY - Aditya Birla Minerals

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I sold this a month or so back.. has had a good increase, I cant see much in the way of announcements or coverage for the increase though..
 
Good Indian management team and good resources.
Looking for this one to make the next move up. It's been hanging around $4 for a while now.
 
Chief Wigam said:
Good Indian management team and good resources.
Looking for this one to make the next move up. It's been hanging around $4 for a while now.
Click to expand...

Hi does thsi one have a short mine life?

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 0.6 69.8 68.2 32.7
DPS 0.0 25.0 33.7 18.2

Based on its current reserve, the Nifty Sulphide Operation has an expected mine life of 12 years at an average LOM production rate of approximately 60 ktpa using conventional mining and processing methods.
Click to expand...

thx

MS
 
In response to you query above,
Check out the article below:
http://www.sharecafe.com.au/fnarena_news.asp?a=AV&ai=5856

This is certainly the reason the SP has taken a hammering, but with the downgrades out of the way, and the SP back near $ 3, its looking good value.
BUT let caution be your friend and while ABY is certainly worth a close watch, I'll probably just hang and wait for the next Qtr report.

The Copper price too is trending down, with all the doom and gloom re US, So maybe ABY might retreat just a bit further. But Do your research punters !

Here's the Excerpt: (read more on the WEbsite)

Aditya Disappoints, Downgrades Follow

FN ARENA NEWS - 31/10/2007

It hasn't taken long for the market to react to what was a disappointing production report from copper miner Aditya Birla Minerals (ABY) as the shares have continued to be marked down this morning in line with cuts to earnings estimates.

The company yesterday reported a profit of $54 million and this was around $10 million lower than both UBS and GSJB Were had expected but less than half the $130 million forecast of Citi, with higher costs the major culprit.

For both UBS and GSJB Were the production side of the result was in line with expectations, UBS noting of most significance was the fact the key Nifty Sulphide asset continues to generate improved performance. Citi disagrees though and this helps explain why its forecasts were significantly above others in the market. On its numbers production for the quarter was 20% lower than expected thanks to lower grades at both Nifty and Mt Gordon, while total tonnage treated also fell short of the broker's numbers. The broker also suggests the profit result means sales for the period were lower than production, which wasn't a good combination with increased production costs.

GSJB Were remains positive on the stock following the report, suggesting it remains cheap on all valuation measures relative to both its peers and the broader market.

The FNArena database shows Weres as the lone positive voice on the stock now as post the downgrades it stands at three Neutral or Hold ratings and one Buy. The average share price target according to the database has come down to $4.11 from $4.80 prior to the result, while the pre-result median price target according to Thomson One was $4.61.

Crucially
GSJB Were remains positive on the stock following the report, suggesting it remains cheap on all valuation measures relative to both its peers and the broader market.

The FNArena database shows Weres as the lone positive voice on the stock now as post the downgrades it stands at three Neutral or Hold ratings and one Buy. The average share price target according to the database has come down to $4.11 from $4.80 prior to the result, while the pre-result median price target according to Thomson One was $4.61.

END
 
Ouch ! At $ 2.90 ABY is certainly taking a hit. Guess the Copper price is a direct drag on the SP.
I'm sure even with the production downgrade, at this price ABY has got to be a buy...Or am I being too optimistic?

Maybe its just better to see where the Cu price settles, coz the further is sinks the more ABY is going to tank...But the value gap certainly seems to be growing!
35% upside to target share price...

Or is it better to have a punt on the Blue sky potential of Equinox? Just a muse to myself...
 

You should read Brends comments on copper on the commodities thread, it may give you the info your looking for.


Cheers


BT
 
ABY have now had a please explain from ASX re the fall in share price. The answer is simple. I bought some The forecasts have actually been upgraded with the fall in price with the following reccomendations: 2 strong buy, 1 moderate buy, 3 hold. The expected dividend for 2008 is .16c and the debt to equity has been reduced to 30.8%. I think I might hang in there??
Don't follow any moves I make, I'm just a sheila trying to make a quid.
 
Ouch! Glad Im not holding this one. I dont seem to have the best luck either. Maybe a bit more grief to come yet trueblue. Chart doesn't look promising.
 

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Thanks for the sympathy, understanding and chart. I am going to hang in there. I don't think it will fall below $2.25 and the analysts call reads OK.
 
trueblue said:
Thanks for the sympathy, understanding and chart. I am going to hang in there. I don't think it will fall below $2.25 and the analysts call reads OK.
Click to expand...

Seems to be some nice buying and price increase today after the quarterly report out which is good in my opinion. Would post a chart but can't remember how........perhaps the uptrend has started.....
 
Hey macroeconomics. Share price is now at 2.50. Are you buying yet?

Bid production increase QTR on QTR and Yearr on Year, annoucement and drilling intercepts.
 
with the recent surge in copper prices one would have thought such an oversold stock would be heading up by now.

i think this one has value but has been left in the dark for a while.

any other thoughts?
 
Copper Futures + 10..

any other copper ones out there that are producing?

OXR comes to thought?? maybe SRL?
 
Copper Rises Past $8,000 a Ton in London on China Import Growth

Feb. 19 (Bloomberg) -- Copper rose beyond $8,000 a ton in London to a four-month high on speculation that China, the world's largest user, will import more of the metal. Aluminum and lead also climbed.

Chinese imports of copper rose to the highest in eight months in January, the Beijing-based customs office said yesterday, pushing stockpiles on the London Metal Exchange to a four-month low.



continued:

http://www.bloomberg.com/apps/news?pid=20601012&sid=awXV1NfkRT6U&refer=commodities
 
since the 300k bidder entered the market depth i noticed sell orders being pulled?

what's the go at the moment on this stock? have yet to receive a reply from anyone..

cheers
 
i like to draw a comparison with ABY and other Copper Producers - OXR, SRL..

DJ MARKET TALK: NY Copper In 'Tame Correction;' Mkt Seen Healthy

1606 GMT [Dow Jones] - Copper futures are slightly softer after Tuesday's
gains, but the metals' market remains healthy, an analyst says. Comex March
copper is down 1.95 cents at $3.7040 a pound. "I think it's a very tame
correction," says Bill O'Neill, a principal with LOGIC Advisors. "I think these
prices are holding extremely well." The red metal is consolidating for a likely
move higher, O'Neill says. "The market's healthier when it doesn't move
straight up."
 
Copper Jumps to Highest Since 2006 on Inflation-Hedge Demand


Feb. 21 (Bloomberg) -- Copper jumped to the highest since May 2006 on increased demand for raw materials as a hedge against inflation.

Consumer prices in the U.S. rose more than forecast in January, a government report showed yesterday. The dollar fell today against a basket of six major currencies. Commodity prices surged as accelerating inflation increased speculation that the value of metals including copper, gold and silver will climb.

``People are viewing commodities, including copper, as a hedge against inflation,'' said John Gross, director of metals management at Scott Brass Inc. and publisher of the Copper Journal in Cranston, Rhode Island. ``Commodities across the board are moving higher in unison.''

>>> continued http://www.bloomberg.com/apps/news?pid=20601012&sid=ai5zfErsTbZE&refer=commodities

the other Cu/Au stock to get hold of is Oxiana
 
Well this stock has come out of hibernation

I guess with all the problems in the Chile and the Copper price hitting new highs every other day the news was bound to trickle down to the punters on the floor that Yes copper co's will benefit from higher prices...now its a matter of how high can the prices stay

There is all this talk about a coming shortage in Copper and a further rapid price gains...Have a look at the articles from FNarena...
http://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=1721896F-1871-E587-E124B5A67FDE5704
http://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=27B22523-1871-E587-E1247B652845EF28

Any opinions? I'm just waiting for the annual report and Company's take on the situation...
 
Why is this stock so cheap? It should be way above 3 dollars at the moment when earnings are 33c and next years earnings over 50c
 
richAndre said:
Why is this stock so cheap? It should be way above 3 dollars at the moment when earnings are 33c and next years earnings over 50c
Click to expand...

Getting down to the previous bounce $1.50 mark again with the last couple of days sell off.Looks like the gas supply disruption and lower head grades processed to be the main cause.


.
 
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