BKN - Bradken Limited
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Re: BKN - Bradken
BTW stands for By the Way. There are many jargons in this site.
BTW I read one posting about flat to negative prospective for BKN.
If I go back to presentation in AGM (always rosy) then real issues are lack of prgress at client side in rail. There was a warning in forecasting that to gear up warning they need more orders. Ironically without order BKN has also decided to expand Adelaide Foundry. That is more capital cost and depreciation costs - lower value of shares tomorrow.
Regards
BTW stands for By the Way. There are many jargons in this site.
BTW I read one posting about flat to negative prospective for BKN.
If I go back to presentation in AGM (always rosy) then real issues are lack of prgress at client side in rail. There was a warning in forecasting that to gear up warning they need more orders. Ironically without order BKN has also decided to expand Adelaide Foundry. That is more capital cost and depreciation costs - lower value of shares tomorrow.
Regards
Prospector
Not a scaredy cat anymore
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Re: BKN - Bradken
That has been talked about for some time in Adelaide, so no new news. The word was the State Labor Govt didnt agree to the expansion until after the Federal Election because most people are against it - it is in the middle of Adelaide. And now the Labor Federal Member (Kate Ellis) has slammed her local pollies because it is in her electorate.
Funny thing is, well, not funny really, was I heard about the expansion yesterday morning on the radio while in the car - and thought that was good news for BKN. I hadnt logged on to my Trading Account at that time. By the time I got home I saw that BKn had 'lost' me so many thousands,
so sold them in disgust. Oh well, lucky FMG and FDL are doing ok
That has been talked about for some time in Adelaide, so no new news. The word was the State Labor Govt didnt agree to the expansion until after the Federal Election because most people are against it - it is in the middle of Adelaide. And now the Labor Federal Member (Kate Ellis) has slammed her local pollies because it is in her electorate.
Funny thing is, well, not funny really, was I heard about the expansion yesterday morning on the radio while in the car - and thought that was good news for BKN. I hadnt logged on to my Trading Account at that time. By the time I got home I saw that BKn had 'lost' me so many thousands,
so sold them in disgust. Oh well, lucky FMG and FDL are doing ok
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Re: BKN - Bradken
Adelaid is a funny town. I remember a very good foundry was closed in the heart of Adelaide (only 5 mins drive from airport) in 2003 due to protest from public and EPA . I bought some stuff from the place a throw away price from auction on behalf of my employer.
That company was taken over by BKN now. Again the same Adelaide City has allowed expansion for BKN foundry,
Pollies and locals are just mercury drops on floor - it can tilt either way.
Any way probably good time to buy BKN now.
Regards
That has been talked about for some time in Adelaide, so no new news. The word was the State Labor Govt didnt agree to the expansion until after the Federal Election because most people are against it - it is in the middle of Adelaide. And now the Labor Federal Member (Kate Ellis) has slammed her local pollies because it is in her electorate.
Funny thing is, well, not funny really, was I heard about the expansion yesterday morning on the radio while in the car - and thought that was good news for BKN. I hadnt logged on to my Trading Account at that time. By the time I got home I saw that BKn had 'lost' me so many thousands,
Adelaid is a funny town. I remember a very good foundry was closed in the heart of Adelaide (only 5 mins drive from airport) in 2003 due to protest from public and EPA . I bought some stuff from the place a throw away price from auction on behalf of my employer.
That company was taken over by BKN now. Again the same Adelaide City has allowed expansion for BKN foundry,
Pollies and locals are just mercury drops on floor - it can tilt either way.
Any way probably good time to buy BKN now.
Regards
Prospector
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Re: BKN - Bradken
Hardly a dumb question - well, I dont think it is coz I don't have a clue either!
And subject to no further announcements? Haven't heard of this before
OK, a check on another sight suggests it allows people within the company (or those who might be restricted from buying/selling shares due to 'inside information') have now been allowed to buy/sell shares for a month without restriction, unless there is another announcement made!
Hardly a dumb question - well, I dont think it is coz I don't have a clue either!
And subject to no further announcements? Haven't heard of this before
OK, a check on another sight suggests it allows people within the company (or those who might be restricted from buying/selling shares due to 'inside information') have now been allowed to buy/sell shares for a month without restriction, unless there is another announcement made!
Re: BKN - Bradken
Whatever this trading window is, it didn't help the sp today.
Credit Suisse today issued an outperform on Bradken with a target of $12.00.
Hardly a dumb question - well, I dont think it is coz I don't have a clue either!
And subject to no further announcements? Haven't heard of this before
OK, a check on another sight suggests it allows people within the company (or those who might be restricted from buying/selling shares due to 'inside information') have now been allowed to buy/sell shares for a month without restriction, unless there is another announcement made!
Whatever this trading window is, it didn't help the sp today.
Credit Suisse today issued an outperform on Bradken with a target of $12.00.
michael_selway
Coal & Phosphate, thats it!
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Re: BKN - Bradken
Hm forecasts are still not bad, i think it just got too expensive at $15
Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 45.8 62.9 74.8 86.5
DPS 31.5 41.0 47.5 49.0
thx
MS
Hm forecasts are still not bad, i think it just got too expensive at $15
Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 45.8 62.9 74.8 86.5
DPS 31.5 41.0 47.5 49.0
thx
MS
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Re: BKN - Bradken
At least the directors aren't selling off like ROC Oil. They had numerous Directors and other management partially sell down on their holdings. Confidence is at a low overall - esp with this market environment ?!
I agree that forecasts still don't look too bad for BKN though... but then again who knows...
At least the directors aren't selling off like ROC Oil. They had numerous Directors and other management partially sell down on their holdings. Confidence is at a low overall - esp with this market environment ?!
I agree that forecasts still don't look too bad for BKN though... but then again who knows...
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Re: BKN - Bradken
just wondering if anyone is holding onto BKN for the medium term?
if so, what do you think the future prospects, is the SP likely to hit 10 within 1 year?
cheers.
just wondering if anyone is holding onto BKN for the medium term?
if so, what do you think the future prospects, is the SP likely to hit 10 within 1 year?
cheers.
Sean K
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Re: BKN - Bradken
Why do you seem to think that it will hit 10 in a year hcm? Value, trend, ???? Or, is this just a total pluck? It's great to hear how people put 12 month valuations on companies. Cheers! kennas
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Re: BKN - Bradken
just a wild guess mate- i don't think it'll get back to the original levels, but maybe a few dollars below.
i guess it hasn't quite reached the bottom yet?
cheers.
just a wild guess mate- i don't think it'll get back to the original levels, but maybe a few dollars below.
i guess it hasn't quite reached the bottom yet?
cheers.
Sean K
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Re: BKN - Bradken
Looking at the ann that drove the collapse, I can't really see the justifcation for it. What am I missing?
Re: BKN - Bradken
I went into BKN just over 12mnths ago @6.25 in S/Fund for longer term.happy over time frame up to 15+..
charts looking steady climb then wallop, cant understand such a drop after statement.still in there,believe will slowly recover over time.(still ahead)
I went into BKN just over 12mnths ago @6.25 in S/Fund for longer term.happy over time frame up to 15+..
charts looking steady climb then wallop, cant understand such a drop after statement.still in there,believe will slowly recover over time.(still ahead)
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Re: BKN - Bradken
I am the same.
Was this company really valued that high on the back of expected profits?
It's not like it has been producing great dividends anyway (in my opinion).
I am holding in the medium term simply because this has been a darling stock of mine over the last 2 years.
I am the same.
Was this company really valued that high on the back of expected profits?
It's not like it has been producing great dividends anyway (in my opinion).
I am holding in the medium term simply because this has been a darling stock of mine over the last 2 years.
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Re: BKN - Bradken
i can't see any announcements so imo, it'd be the emotions doing the selling.
good time to keep a close eye out as to when theres stability
cheers
i can't see any announcements so imo, it'd be the emotions doing the selling.
good time to keep a close eye out as to when theres stability
cheers
Julia
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Re: BKN - Bradken
Suggest it's the general state of the market. I have several which are down about that much today and only a couple which are up.I'm still not in, but is anything specific causing this stock to drop almost 5% today, or is it just the state of the market?
Julia
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Re: BKN - Bradken
Well, my comment of yesterday now seems like rubbish - market is up today and BKN still down.
Nizar, did you sell?
Well, my comment of yesterday now seems like rubbish - market is up today and BKN still down.
Nizar, did you sell?
