AIO - Asciano Limited

[Aussiejeff]

Re: AIO - Asciano

Cripes, absolutely garotted yesterday.

Not many worse than this over the past year, except BNB maybe.

Why was I not short....


Share sell-off as analyst attack savages Asciano
Blair Speedy | November 12, 2008

ASCIANO last night rushed to reassure investors that it was under no pressure to refinance debt.

[size=+1]This followed the port and railways infrastructure group's share price crashing to levels that left the company effectively "worthless" according to one analyst[/size].


And how the hell does this analyst keep his job:



So, up until yesterday, this idiot had a valuation of $6.08 and a BUY recommendation on it.

Sounds like a similar assessment by some analysts of GM in the US - rating their shares as basically worth $US 0.00. No wonder shareholders are deserting both in droves... would you hold your cards or fold under those odds?

Quotes by Asciano to the ASX that they "have no idea" why the share price has plunged must have their heads stuck firmly where the sun don't shine!

 

[Sean K]

Re: AIO - Asciano

If I was thinking clearly, that sell off may have been a good opportunity to catch a falling knife as it looked obviously overdone. Nice hindsight kennas....

Someone bought some at 50c. Back up 150% from the low in 2 says... lol

Still, might just be one of those that bounces around on rumours for a few days before going into administration....who knows in this crazy world.

 

[Ruincity]

Re: AIO - Asciano

Kenna's I know a lot of ppl who made ridiculous amounts of money out of this stock..
Absolutely amazing falling knife..
I got on it a couple of times but was too stupid, cautious, forgetful and slow to make any money...
Long story..
Yes ppl have had a field day for the past 3 days..
Day 1 was amazing, 2 was almost as good and there was still some solid gains to be made today if you played your cards right...

 

[mfsperth]

AIO Asciano

The role of Citibank in last week's bagging of Asciano leading to a 60% price drop deserves to be questioned. The chairman of Asciano has repudiated the Citibank opinion.
Just as with the ratings agencies we need regulation of the stock predicters.
You cannot be a public predicter and also be trading shares on behalf of clients, because you almost certainly know in advance what the likely effect of your pronouncement is going to be.
Citibank sits in loco parentis for the US Federal Reserve on the Bank for International Settlements, so in its actions it needs to live up to the very important quasi-government role it has been granted.

 

[oldblue]

Re: AIO - Asciano

"Chinese walls" are supposed to prevent such conflicts of interest. But we all have our opinions on their effectiveness, or otherwise.

 

[eric35]

Re: AIO - Asciano

AIO has been good to me lately. I made quite a bit of money day trading it, based on my Bias Indicator.

Fair way down today, may take a few days to move up again.

 

[furiouswilly]

Re: AIO - Asciano

AIO has been good to me lately. I made quite a bit of money day trading it, based on my Bias Indicator.

Fair way down today, may take a few days to move up again.

hey eric35 can u tell me how to make money in day trade? wat is bias indicator? n how do i know which stock to buy?

 

[eric35]

Re: AIO - Asciano

Hi Willy
It is rather difficult to tel you how tyo make money in day trading here, in such a short space.

 

[tigerboi]

Re: Asciano will be broken up

The road transport section of the old patricks division of car carrying,linehaul division is being sold to linfox,they been around kicking tyres the last few weeks,not a done deal yet but looks likely soon...tb

 

[Hussla]

Re: AIO - Asciano

Im spewing, I sold this stock the other day in panic as I watched the prices plummet, drops to 0.84 on Friday and then closes at under 1.40!

Unbelievable!

 

[eric35]

Re: AIO - Asciano

I generally hold this stock only for a day or max 2, use it to make quick profits and get out. It is a good stock for day trading, except you have to buy equities, as the margin is 100%.

 

[tigerboi]

Re:Linfox cashing up & circling asciano for a stake

The road transport section of the old patricks division of car carrying,linehaul division is being sold to linfox,they been around kicking tyres the last few weeks,not a done deal yet but looks likely soon...tb

keep an eye on this as linfox has been selling out of bank of qld & some of aio subs are selling down as well,ive never owned this but from a trading angle the current price will look attractive to lindsay fox...tb

 

[eric35]

Re: AIO - Asciano

I bought AIO again, but purely as a trading stock. I have no intention to hold it for the longer term. With a bit of luck it will head up to $1.50 soon again.

 

[tigerboi]

Re: Linfox cashing up & circling asciano for a stake

The road transport section of the old patricks division of car carrying,linehaul division is being sold to linfox,they been around kicking tyres the last few weeks,not a done deal yet but looks likely soon...tb

keep an eye on this as linfox has been selling out of bank of qld & some of aio subs are selling down as well,ive never owned this but from a trading angle the current price will look attractive to lindsay fox...tb

just spoke with my mate that works at AIO & the port & rail they will hang onto the rest is up for grabs,linfox are to take a 8% stake...good idea to watch closely especially the sub notices coming into bank of queensland as linfox continue to cash up...tb

 

[tigerboi]

Re: AIO-sub $1,sub 0.75 here we come

As expected Asciano has crashed back through the $1.00 mark as the subs sell out,same over at BOQ as linfox sell out to buy an 8% stake in AIO...

Looks like a price of around 0.60c before all subs stop selling...tb

 

[pontypud]

Re: AIO - Asciano

has linfox actually bought an 8% interest,i beleve at one stage asciano were looking at linfox themselves.

 

[tigerboi]

Re: AIO - Asciano

has linfox actually bought an 8% interest,i beleve at one stage asciano were looking at linfox themselves.

keep watching the BOQ sub notices...linfox cashing out to buy into AIO...

toll looking at linfox around 2011...tb

 

[george46]

george46

hi im new to this site where to we go from here whith aio wiil stabolise or not any views to itim in it deep

 

[tigerboi]

Re:asciano is in big trouble

hi im new to this site where to we go from here whith aio wiil stabolise or not any views to itim in it deep

Things look very bad for asciano even if they do sell some assets they owe way too much money & now that its seen sub 50c it looks like a quick slide down.

still hasnt made a profit in 18 months & a fire sale is most likely imo...tb

 

[Mc Gusto]

Re: AIO - Asciano

Announcement. AIO have been good to me but i bought on Friday! Still I wasn't aware that this was coming i was buying more on an the fact that i felt there was still value in the stock and that they had been harshly shortened at a point there late last year.
interesting to see how they perform over the next few days.

http://www.theaustralian.news.com.au/business/story/0,28124,25192771-643,00.html

thanks

gusto