Australian (ASX) Stock Market Forum

EKA - Eureka Energy

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Interesting that they hadn't dotted the "I" s and crossed the "T" s with the Cap Raise ..... Doubt that it will be for only $5 million ;)

I hope that after seeing the markets reaction on AUT today, that the EKA management take a leaf out of their book, and keep the Lions share of their new acreage. Huge potential if it turns out productive!
 
C/R to sophisticated investors @ 25c!!!
Here we go again same ADI.
If there's a time factor with these C/Rs why dont the management have the foresight and let all of the share holders have a crack at picking them up at 25c?
No wonder it was oversubscribed!!
 
jancha said:
C/R to sophisticated investors @ 25c!!!
Here we go again same ADI.
If there's a time factor with these C/Rs why dont the management have the foresight and let all of the share holders have a crack at picking them up at 25c?
No wonder it was oversubscribed!!
Click to expand...

Stand by Jancha,
The sp will probably retrace back to close to if not .25 :banghead:
 
jancha said:
C/R to sophisticated investors @ 25c!!!
Here we go again same ADI.
If there's a time factor with these C/Rs why dont the management have the foresight and let all of the share holders have a crack at picking them up at 25c?
No wonder it was oversubscribed!!
Click to expand...

Agree Jancha ..... Poor effort by management.

I notice "Hodgy" over saw the last Presentation (and probably got paid a pretty penny for it) so the ADI connection is alive and well ..... looks like money for the boys :mad:
 
Assasin said:
Stand by Jancha,
The sp will probably retrace back to close to if not .25 :banghead:
Click to expand...

Dont think it will go down quite that low as that but none the less down she'll go.
So does that mean every time they have a C/R the so called sophisticated investors get to make a profit while we miss out?
Note that AUT did the same tho and did touch on their C/R price of $1.25.
Dont think EKA will go that low tho. Just look at AUTs current price of $1.61!!
But if EKA should happen to fall that low i'll be buying more.
 
my buys in at 25c

lets see how low it can go! we all knew it wasnt going to be for us! hopefully someones going to take the over soon i need a quick double!

and RE: the capital is for sugarloaf/general running costs.. nothing to do with their other area...

so expect some more capital raising in the future!
 
AngusSmart said:
my buys in at 25c

lets see how low it can go! we all knew it wasnt going to be for us! hopefully someones going to take the over soon i need a quick double!

and RE: the capital is for sugarloaf/general running costs.. nothing to do with their other area...

so expect some more capital raising in the future!
Click to expand...

There will definately more C/R and each time it happens guess who makes a 15% profit on their new shares?
As i said before where's the foresight if it's a time factor in these raisings.
Bad luck to little investors that have been loyal & holding over the years.:mad:
 
If you dislike EKA so much and their constant CR, you always can invest in other companies in the same section of the economy. Or even crazier is you can invest in AUT, which is pretty much EKA with a bigger share in the Sugarkane field etc, almost the same assets but better management imo.

:2twocents
 
Don't understand why the price hasn't dropped to ~25c given the nature of the capital raising. SP went the opposite way instead. Any thoughts?
 
EKAs volume up (1.5mil) and surprisingly the sp with it.
Unlike AUT which actually went down to the C/R offer of $1.25 the other week before rebounding to a new high of $1.67. Currently $1.55.
Maybe it's just a catch up to AUT while EKA was in it's trading halt.

Hopefully they'll come back down with some of these sophisticated investors taking a profit & giving us a bite of the cherry.
Be nice to pick some more up at 25c!

PVF Why is AUTs management any better?
 
Eka is suffering from "disappointed long term holder syndrome" as a result of handing out a cheap cap raising to short term investors that are more sophisticated than their loyal long termers. It will now take news of value in the new leases to shake that disease which has been a confidence destroyer.

( Sophisticated means "in it for a quick quid regardless"):mad:
 
Well hopefully retrace is complete with it coming back to 26c as predicted. Hope everyone topped up. Now, 2 weeks since CR, market seems to have settled down and starting to respond to recent good news. (see announcements)
The fundamentals of EKA have been strengthened up and all is set for a huge 2011. IMO
Good luck to all holders.;)
 
nioka said:
Eka is suffering from "disappointed long term holder syndrome" as a result of handing out a cheap cap raising to short term investors that are more sophisticated than their loyal long termers. It will now take news of value in the new leases to shake that disease which has been a confidence destroyer.

( Sophisticated means "in it for a quick quid regardless"):mad:
Click to expand...

Looks that way nioka.
Sold out of AUT buying into EKA thinking that the value buy was with them.
Been disappointing to watch AUT rise up to a new high of $1.69 while EKA lamments on around 28c.
Going by the old ratio they should around 40c!
I think investors are moving more into AUT as a better long term play while as you say the confidence has dropped in EKA.
 
jancha said:
Looks that way nioka.
Sold out of AUT buying into EKA thinking that the value buy was with them.
Been disappointing to watch AUT rise up to a new high of $1.69 while EKA lamments on around 28c.
Going by the old ratio they should around 40c!
I think investors are moving more into AUT as a better long term play while as you say the confidence has dropped in EKA.
Click to expand...

EKA is certainly lagging now. Particularly today with AUT getting a real boost. However EKA must be due for an announcement that could improve the situation. It is quite awhile since an update.

According to my calculations the payback to Hillcorp in line with the farmin operations must be completed. This means that EKA should now be getting a steady incoming cash flow. They should have an announcement along those lines any time now. Also we are due for some news as to where the money they so urgently needed for aquisitions of leases has been spent. They couldn't wait the time necessary to offer the discounted share placement to shareholders so they should be announcing where that money has been spent.

I'm not a happy holder. Have sold some AUT and EKA for TXN lately but capital gains tax means I have to hold EKA for some months yet.
 
I'm still a happy holder of EKA. If you wanted some cheap shares, you had the opportunity to get some. I bought some more just last week for 26c. As long as they are using the money for something good, it will help the company which helps the shareholders so I'm all for it. If it means they're sitting undervalued in the mean time it just means I have longer to buy bargains before they jump up to where they should be. If not for the CGT issue I'd be piling a heap of my AUT into EKA right now, but by my standards I already have a heap of EKA so I'm content. I don't particularly care if it's a week or a month or six months before EKA has another run, but we're all set for one, clearly, looking at how undervalued EKA is relative to AUT, and waiting for two big announcements (cash flow positive and whatever the other one will be, probably land acquisitions, which they're being quiet about to avoid screwing themselves/us before it's finalised).

All looks very rosy to me :)
 
Sorry guys, don't want to but I have to disagree.

I can understand your disappointment especially after selling down AUT and putting into EKA and I think thats what's driving your thinking.

I know you were dissapointed with not being included in recent CR but as expected we were all able to buy in close to CR price ( 25c CR- 26c retrace ).

Now, I believe the fundamentals are stronger for EKA and good news is starting to flow. With AUT ploughing away ahead surely EKA with a similar business model and product will follow in it's wake.
It's also a perfect TO target, not that we want that.

I too have trouble with patience but we just need a little. I'm confident of a very prosperous next 6 months for EKA ;)
 
Just curios, and I don't want to get to personel but what is the thinking behind selling AUT to buy others taking into account the news AUT is coming out with and the next growth targets it's showing.:confused:
I'm not trying to be smart here- just learning.
 
Assasin said:
Just curios, and I don't want to get to personel but what is the thinking behind selling AUT to buy others taking into account the news AUT is coming out with and the next growth targets it's showing.:confused:
I'm not trying to be smart here- just learning.
Click to expand...

AUT is looking great, I think it's a good buy, but EKA is undervalued relative to it, in my opinion. So, it would make sense at this point to sell some AUT and use it to buy EKA, if you didn't have the money to just buy more EKA while holding your AUT.
 
aut is being admitted to the asx200 by s&p

this will help drive the aut sp in the near future as asx200 funds acquire the appropraite weighting in aut

it should follow that the previous aut:eka ratio adjusts to reflect this
 

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