Fab said:After losing some ground in the last few weeks. I guess you are right Noirua Ethanol interest is getting some more coverage as oil price remains strong and appears like they are not going to fall tomorrow. In the last couple of days CSR closed above the $4 and is currently trading above the $4.15. This is a very good sign as well as Full year result due on the 15/05 which I reckon will be very positive. Keep an eye on CSR I reckon.
Fab said:CSR is annoucing its annual report tomorrow , I am expecting a good result and a strong gain (hopefully)
noirua said:Added some CSR to my holding this morning, looking good after recent falls.
Nothing new under the sun here as Vicky has been making this call for a few months now.
But signs she's correct in this view are increasing. The main supporting argument to her view is the continued growth of Chinese alumina production, up 51% year on year according to the latest data.
This rapid growth in production has begun to be felt in the aluminium sector, with even stronger aluminium production figures expected from China over the next few months,Vicky says.
While some are of the view that this is a one-off situation, Merrill Lynch couldn't disagree more, predicting that its supply side forecasts for the current year will be beaten, implying spot prices will come under pressure as the year progresses.
She predicts there will be a 3-6 month lag before Chinese aluminium exports increase, with resulting pressure on prices.
noirua said:I intend to top up again this morning in CSR shares as they have slipped to $3.58. Hopefully the expansion by CSR will be shown to be as good as the three companies below.
New York has flared up again in the ETHANOL sector as Hawkeye Holdings files to raise US$350 million for development. This marks the third deal in the sector after Verasun and Aventine Renewable Energy. A third ethanol plant will be opened in 2006 and a fourth in 2007; Hawkeye buys corn and converts this to Ethanol.
Link at: http://www.marketwatch.com/News/Story/G9DBGlVFH1RJm24ssxFs1sB?siteid=mktw&dist=TNMostMailed
noirua said:Merrill Lynch upgraded CSR Limited to Buy in early May at $3.87. ML were impressed by the raising of the 2007 profits forecast to $292 million from $258 million.
Http://www.mysharetrading.com/2006/05/04/merrill-lynch-csr-ltd-csr-recommendation.htm
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