AED - AED Oil

[NettAssets]

I logged onto Comsec saw the Market Depth and put in an 'At Market' trade request, however Comsec said that AED was under a trading halt and that i could only trade at Limit orders. This scared me, i looked on the ASX under recent company announcements and could not see any announcements saying AED was under a Trading Halt...

Hi Maffu

This is part of the answer from ASX.
Trading halts

• Other factors
  • The basics of the share market - Basis of quotation
  • Takeovers schemes
  • Trading halts

Trading halts are periods during which no trading takes place for a security however, you may place orders during this time.

Market sensitive announcements

ASX may temporarily place a trading halt on a security following a company announcement. This occurs whenever the announcement contains market sensitive information that is considered likely to affect the price of a security. The trading halt applies to all securities on issue for the company, including warrants, preference shares, company options etc.

In most cases, the trading halt lasts for 10 minutes. During this time, new orders may be entered and existing orders may be amended or cancelled.

A single line summary of the announcement is broadcast via SEATS. The full announcement is available from ASX in electronic form and through information vendors that provide this service.

Regards
John

 

[NettAssets]

I guess the answer is you have to sit there with the finger on the trigger until the pre-open sign drops out.

It does not sound like there is any straight guidelines
"MAY temporarily place a trading halt"
"In most cases lasts for 10 minutes"

need that seats connection so we get the running comentary.
John

 

[maffu]

A trading halt can last from a couple of seconds to days.

It seems regular practice (if not normal) for there to be a short halt while an announcement is posted.
It seems like you got caught out by one of these.

I've got to have another search of the ASX site because although Ive noticed it happening I dont know what the reason is.

Thanks for that, i was trying to buy less then a minute after the announcement so that is probally what triggered the halt and now ive learnt a valuable lesson for the future when trading soon after an announcement.

I dont think ill buy the stock now as ive definatly missed the ride. Price dropp about 5-10% in the last hour of todays trading.

 

[pussycat2005]

This stock has been a winner...

Earlier predictions of $3.00 by Christmas are history

It could be $6 - $8.00 by then, providing oil price recovers....

 

[Ken]

seems to pivoting on 3.48

with oil prices dropping significantly seems to be a good sign it has held close to it all time high.

 

[chops_a_must]

hey look at 2008 EPS forecast, how coem its so big!

Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS -0.8 -7.2 0.8 363.4
DPS -- 0.0 10.0 50.0

EPS(c) PE Growth
Year Ending 30-06-06 -7.2 -- --
Year Ending 30-06-07 0.8 267.5 --

thx

MS

Where did you find that data?

But that Puffin field looks pretty impressive and it seems to keep getting bigger.

 

[chops_a_must]

The Puffin oil reserves have been increased by a third. Interesting...

 

[Ken]

Will the majority of oil stocks suffer whilst oil is around $60 a barrel?

 

[chops_a_must]

Will the majority of oil stocks suffer whilst oil is around $60 a barrel?

Did they suffer when it was at $30? I'd say the oil stocks at the moment are priced for $60 a barrel.

 

[Ken]

AED are on again.

up 13% over 4 bucks....

 

[YOUNG_TRADER]

Hmmm interesting,

Break out to all time highs

Probably should post as a breakout

 

[Out Too Soon]

& no ann is it poo that's driving the sp up?

 

[YOUNG_TRADER]

& no ann is it poo that's driving the sp up?

Poo??????

 

[Ken]

Could be the analyst who have been out to the site realising its real value.

Price of oil is also up i guess but not 13%.

 

[laurie]

leaking tap

cheers laurie

 

[Sean K]

Poo??????

Price of Oil, LOL, Poo: :fan

 

[chops_a_must]

& no ann is it poo that's driving the sp up?

No, I think posted earlier in this thread about production possibly starting in January, so watch out for buying in December... if I remember correctly. I'm pretty sure that's what it is. And anyway, they are hedged at $70US per barrel. Nice going.

 

[Ken]

I spoke to a mate who works at UBS.

They get recommendations from other brokers, this one came up with a target price ridiculously higher than it is now.

I am not going to state the price because I dont want people to buy on my advice. But if you had the balls it could be worth it.

I dont have the balls to jump on this one as I jumped on NXS already.

 

[Sean K]

Hmmm interesting,

Break out to all time highs

Probably should post as a breakout

Definate breakout. Probably outstanding!

Any other companies likely to share in the spoils from a Puffin upgrade?

 

[laurie]

speeding ticket issued and Coogee resources pulled the IPO at the last minute

cheers laurie