AWB - AWB Limited

[chops_a_must]

The findings of the Cole Inquiry have to be handed down by the 24th of this month.

In related news, it appears as if 7-8 other Australian companies are under investigation for similar breaches, so AWB have a right to say, "why us?" In my opinion.

As a result of this, it appears as if Downer's head will have to roll.

Expect the stock to be sold off as nerves of the findings grow up until the 24th, and then, depending on the findings, expect the stock to go nuts either way.

 

[pacer]

Who were the other companies involved I wonder...looking for a short here.

 

[chops_a_must]

One was an oil importer in Kwinana. From memory that could only be one that is affiliated with BP. Although I'm not 100% sure about that. And the others they didn't say.

If you look at the 7.30 report web site, and look for news articles from this Tuesday night, you may be able to find more details.

 

[chops_a_must]

Here we are:

http://www.abc.net.au/7.30/content/2006/s1778230.htm

Easy.

 

[traderandy]

It's the 24th, and AWB has steadily risen by 8%

...what the heck?

no news seen on the Cole enquiry findings yet

 

[traderandy]

AWB is expected to announce it will separate AWB International, which holds the single-desk export veto, from the remaining AWB business which provides services to grain growers and other farmers.

http://www.theage.com.au/news/natio...agued-australia/2006/11/26/1164476071809.html

The SP is up another 4%....how do you see this issue affecting the market?

Both AWB and others in the industry

 

[mime]

I read an atrical in the paper during breakfest about AWB. It said it could be a potential takeover target because of it's assets or something like that. I just hope I can regain some of my losses.

 

[ROE]

Has anyone seen this baby? Slowly picking up 2-3% each day for the last few days...

Good results start to surface in time of trouble?

 

[theasxgorilla]

Yes, the smart money is already in this one...

 

[Crash]

Looks like its going to start the day up a good bit, anyone know why?

 

[ROE]

This baby been creeping up 1% a day every since
I reckon people are confident AWB wont lose their monopoly power with the national strongly backing them and could make trouble for Howard government if they stripped AWB off its single desk.

I think single desk is the only weapon we got against the USA in Agriculture as the US government is heavily subsidise their farmers.

The US is trying hard to break AWB single desk as well and they been writing bad stuff about AWB over there because surprise surprise it will benefits the American farmers.

We don't want Aussies farmer fighting among themselves for a few bucks more per ton in wheat.

I'm backing AWB all the way

 

[Crash]

Yeah and our media falls for the US propaganda on all this, they couldnt care less about our farmers from their city offices.

 

[Portfolio]

Still creeping higher. Good stock at a cheap price but still risks abound.

 

[TheAnalyst]

AWB

Has anyone been watching AWB? I have seen the share price have a breakout and have also noted that there are now buy recommendations on the stock, it also has upgraded its earning forecast, for this year.

 

[ROE]

I still believe AWB will be exporting a lot of wheat even after they lose their monopoly power.

The new body doesnt have the experience, the people and the capital to do the job so they still call on AWB.

Dont forget AWB landmark business fear and uncertainty has once again knock down this baby. Time for it to get up

 

[DowJones]

Does anyone has a positive view on AWB? Buying it would be a subscribing to a contrarian view, but when it does rain, it'll pour (share price)...

Is it worth to stash some $ into wheat stocks like AWB (GNC, ABB), as they are quite low in price and wheat prices are at record highs. I think lots of potential...

China will have a big demand for bread (i.e Maccas) -> more demand for soft commodities on top of the iron ore demand!

 

[bandicoot]

With the exception of A/B schizophrenic AWB, grain and horticulture stocks are underpriced: GNC, ABB, even house-of-mirrors TIM. AWB is a roulette stock.

 

[Crash]

Yanks drop class action. Hopefully one step on the way back for AWB. Of course the media which continues to nail AWB probably wont note this with any enthusiasm.

 

[reece55]

Nice little profit upgrade today, but looks like there is a bit of selling pressure out there today on the stock.

Fundy's starting to turn right around for this stock.... Forward P/E in a rising soft commodity market of about 11-13, looks extremely cheap to me....

Technicals - great day yesterday, as I said a bit of selling pressure now. But great recapture of the 200 MA, potential after a bit of a pullback IMO...

I know someone in the finance department in AWB and their view is that internally the business is really turning around since the whole corruption issue. Certainly appears to be showing through....

Cheers

 

[josjes]

Nice little profit upgrade today, but looks like there is a bit of selling pressure out there today on the stock.

Fundy's starting to turn right around for this stock.... Forward P/E in a rising soft commodity market of about 11-13, looks extremely cheap to me....

Technicals - great day yesterday, as I said a bit of selling pressure now. But great recapture of the 200 MA, potential after a bit of a pullback IMO...

I know someone in the finance department in AWB and their view is that internally the business is really turning around since the whole corruption issue. Certainly appears to be showing through....

Cheers

Thanks for the update Reece. A very wild ride for the holder of this stock. Plunged to all time low 2.03 just two months ago, and up 50% now. To my calculation it will be 50% retracement from high of 4.38 and 2.03 which is $3.2 as the price resistance.

In my opnion the share is not for a buy and hold throw in the back of your drawer. What do you think is the next resistance level and price target ?

Also, good to hear that internal business is starting to turn around.