AJL does have other 'non conventional' energy assets, and has stated its intention to sell some more of these next year. Feels at odds with its drilling customers being a explorer/developer as well. I've only read good news from this company, I'm particularly interested in their business plans regarding water. When you invest in a company you are also 'investing' in other peoples view of the company and currently the market has priced this one down. I'm wondering why they haven't been doing more of the 'buy-back' for the past fortnight or so. Any ideas out there amongst the clever and more experienced.
AJL - AJ Lucas Group
- Thread starter Dutchy3
- Start date
-
- Tags
- aj lucas group ajl
Ok so now I've read some news that I read as short term negative, depending on the state of the coal industry. Perhaps as they knew this was on the horizon the buy-back was stopped for a week or so, they can certainly buy-back cheaper today than yesterday. I still like the long term story of this business and the various business sectors they work in.
- Joined
- 23 August 2008
- Posts
- 227
- Reactions
- 0
Thought the selling was an over reaction and I reckon stops got hit a long the way which made the free fall more apparent. Boy it certaintly did bounce from $2.03 though.
Sounds like AJL continues to try & drive the share price down with bad news & then the following day come out with corrections to scheduled works. Before announcing news to the ASX shouldn't they get there facts right & is this ecceptable with the ASX? After the cancellation of the buy back on 27th can the company then buy back again? Can anyone explain?
Hi Jancha, I'm a bit disappointed by this correction announcement today, hopefully someone gets something more than counselled over it. What ever happened to planned communication and proof reading. I wasnt aware that the buyback had been cancelled, I think they simply stopped buying for a while.
I don't think they cancelled the buyback. They were destroying the shares that they had obtained via the buyback so as it lessen the amount of securities on issue.
For what reason? I don't know...haven't followed AJL...just thought i'd help out.
- Joined
- 6 August 2006
- Posts
- 280
- Reactions
- 0
Alan,
Shareholders are overdue for some positive pronouncements....maybe time for management to dynamically extract from their apparently entrenched bearish navel-gazing!! After all we are a prime-player in the booming CSG sector with a raft of strategic energy investments on the boil...
Maybe some positive news on these would be timely??
But Alan, are you capable of talking up the company? By this stage the market, and particularly your suffering shareholders, are WELL AWARE of your propensity for (& over-readiness to publicly admit to) stuff-ups, mistimings, the ability to sell golden-geese at the bottom of the market and to transact company-knobbling finance deals...
I personally feel the release of wrong information in the last report was unforgiveable...particularly when accompanied by another round of inappropriate venting to the market, seemingly just to accentuate the impact on the AJL sp., and the pain inflicted.
If unable positively invigorate the market, then may I suggest harnessing your "mea maxima culpa" to shareholder benefit...? by way of a VSD maybe?.
..ie, a Very Special Dividend ...whereby you liquidate your holdings and send a cheque to each of the faithful shareholders that have suffered by way of your actions at the helm.
Cheers
RS
Shareholders are overdue for some positive pronouncements....maybe time for management to dynamically extract from their apparently entrenched bearish navel-gazing!! After all we are a prime-player in the booming CSG sector with a raft of strategic energy investments on the boil...
Maybe some positive news on these would be timely??
But Alan, are you capable of talking up the company? By this stage the market, and particularly your suffering shareholders, are WELL AWARE of your propensity for (& over-readiness to publicly admit to) stuff-ups, mistimings, the ability to sell golden-geese at the bottom of the market and to transact company-knobbling finance deals...
I personally feel the release of wrong information in the last report was unforgiveable...particularly when accompanied by another round of inappropriate venting to the market, seemingly just to accentuate the impact on the AJL sp., and the pain inflicted.
If unable positively invigorate the market, then may I suggest harnessing your "mea maxima culpa" to shareholder benefit...? by way of a VSD maybe?.
..ie, a Very Special Dividend ...whereby you liquidate your holdings and send a cheque to each of the faithful shareholders that have suffered by way of your actions at the helm.
Cheers
RS
Here Here!! Sounds like a great idea Collector. A little frustrating this company. Would the buy back of shares have something to do with lack of positive news & incorrect announcements which they should have be proof read or something before being announced. I to feel that this is a bit of a worry with management & lack of news.
Hi Col Lector, did you actually send that to Alan Campbell, if not you should. I'm also concerned that a company that has the engineering expertise to steer a drill several klms through the ground can't proof read an announcement. I'd also like to know why they are not continuing to 'buy'. I'm well and truly in the black with these still, but have given lots of dollars back to the market. Yes it is time for some good news and a rising SP or if they can't generate a return on that cash a VSD as you say.
- Joined
- 27 May 2008
- Posts
- 165
- Reactions
- 0
Why such a large bounce? Its trading around $2.80 today..
Is there anything happening? Insiders? Pump and dump scheme?
I think the last announcement was talking the business down a bit?
Why no buy back for a while? Saving cash for a TO or something?
Is there anything happening? Insiders? Pump and dump scheme?
I think the last announcement was talking the business down a bit?
Why no buy back for a while? Saving cash for a TO or something?
So it closed around 15% up ,on its high for the day on about double daily volume of late. Is this just AJL having its 'moment in the sun' after being oversold or is something happening. Any encouraging rumours out there to cheer us long suffering holders I can't whinge too much about this one as we are still well ahead even apart from the franked dividends.
I can't whinge too much about this one as we are still well ahead even apart from the franked dividends.
- Joined
- 27 May 2008
- Posts
- 165
- Reactions
- 0
Hi Pointr,
It hit 3.44 today. Desalination plant, however a bot seems to have been buying for over a month now, someone may be taking a stake..
Regards,
Jonathan
It hit 3.44 today. Desalination plant, however a bot seems to have been buying for over a month now, someone may be taking a stake..
Regards,
Jonathan
Hi Jonathan,
yes it's pleasing to see it moving ahead, I still don't know why they have stopped 'buying back'. It's interesting that you notice a buying pattern emerging. On a fundamental point they are providing drilling services to ESG, they appear to have mastered the art of drilling long laterals CSG wellls judging by the reduced time it takes as revealed in ESG's Bi-Monthly reports.
yes it's pleasing to see it moving ahead, I still don't know why they have stopped 'buying back'. It's interesting that you notice a buying pattern emerging. On a fundamental point they are providing drilling services to ESG, they appear to have mastered the art of drilling long laterals CSG wellls judging by the reduced time it takes as revealed in ESG's Bi-Monthly reports.
Another 'HOT' thread. AJL released its full year results today plus associated releases. They contained the expected 'mea culpa' revealed a few months ago. Still conservative language but positive for 2010 and very positive for 2011. An increase in the dividend was very nice. Anyone out there with more report reading insight have a view on this for the forum?? They talked about about an unsucessful restructure, but didn't say who and how many got the chop. There was also talk of other energy projects not yet ready for release to the market. This stock owes us around $1.00 so its no burden to sit on while its paying dividends and who knows there may be some capital gains ahead, just a question of how far ahead 
Yesterday in AJL AGM announcement there was notice of a motion to enable a buyback of up to 20% of their shares, providing no better use can be found for the spare cash. They also reserved the right to consider alternative capital management ideas. AJL are still releasing 'reviews' showing what they have done during the year and future capabilities, it all sounds quite good. Now what was that phrase from Tom Cruise movie 'Show me the money"
