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ERG - ERG Limited

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Re: ERG anyone???

Thanks Kooka,
That makes sense then. Well, I'll keep in on my watchlist, looking for a good oportunity to grab a few.

Have a nice weekend

Stefan
 
Re: ERG anyone???

ERG has made some nice gains over the last few days.

Well done to ghotib who called it first and Kooka1956 who picked it for September's competition.

Will be interesting to see how it finishes up at the end of the month.
 
Re: ERG anyone???

I.m hoping all the bad news has now gone through the system and that management have finaly got their act together. If so this stock should steadily increase over the next months . Sometimes it takes a lot longer to climb back after such heavy falls over the years BUT IT NOW LOOKS ON THE MEND . Regards, KOOKA
 
Re: ERG anyone???

Nice pick indeed. Good luck with it! It seems to be a hot candidate for the September competition. I still can't see a reason why it would keep going without interruption and if there is one, then I'll try to get some...

Happy trading

Stefan
 
Re: ERG anyone???

There was a positive report in the fin review today stating that ERG is looking to post a profit in 2005 and how the company has cut back and is now just focusing on its core business of smart card technology. Looks like a good thing at the moment...I might pick some up too.
 
ERG alert

ERG has sell orders in at 10 cents. The only reason I can see is that bids for the Victorian Transport System contract are open and ERG has competitors - DUH!!!

If this is the dramatic over-reaction it looks like, then here's a nice chance to buy.

Kooka?

Ghoti (off to the dentist dammit)
 
Re: ERG alert

Picked some up this morning at .305. Seems to be reasonable at this stage.
I'm still not totally convinced that it won't trade lower but there is also a big upside potential so I decided to get in on the first pullback.

We shall see how wise that was...

Happy trading

Stefan
 
Re: ERG alert

I had a nice trade when it when down to 25-26 cents last month ,and also purchased on the new new issue at 20 cents . Unfortunately my application for additional shares was knocked back .(Shareholders were given the opportunity to apply for additional shares over and above their entitlements).In other words there was oversubscribtions in the new issue. They obviously have many people still wanting to plough their money in. One good aspect is that even with the advent of the issue of the new shares, there doesn,t seem to be downward pressure on the share price any more. I consider them a good buy at current prices , although I wouldn,t put the house on it . Regards. KOOKA
 
Re: ERG alert

I don't know what happened to those 10 and 12 cent offers I saw. Maybe they were a computer hiccup?

That'll learn me not to obsess about Mr Market.
 
Re: ERG alert

I don't know what happened to those 10 and 12 cent offers I saw. Maybe they were a computer hiccup?
Click to expand...

Ghotib, you posted that BEFORE the market opened. So it wasn't a computer hickup but most likely a pre open sale order which happens quite regularly. You see many orders way out of the normal bid/ask price range. I've commented on that in another thread:
https://www.aussiestockforums.com/forums/showpost.php?p=1986&postcount=8

So don't get too alarmed when you see something like that. It doesn't mean anything as long as you don't see millions and millions of them.

Have a nice weekend

Stefan
 
Re: ERG alert

So we just had the annual report out for ERG. Net assets are now at 27 cents which pretty much reflects its current price. A pretty big loss per share still, but the outlook remains very positive. Revenue of 300 million in 2006? Maybe I'll keep my shares for a little while then.

Have a nice weekend

Stefan
 
Re: ERG alert

Up until last month ERG was one of two lots of shares that I held. [ now six ]
Bought in at 0.089 to see them do the 1 for 10 split and the price go up nicely, then down and down.
I continue to hold and having taken up on the last isuue and buying more to round out the number at 0.32 last month bringing my average down to just under 0.50 . I have a lot of faith in this company as they are getting better at what they do, they just have to convince thier clients and potential clients that they are starting to get thier act together.
Still conting to hold this stock does bring my value average down and looks bad on paper I believe 2006 will see it back in the green for me.
 
Re: ERG alert

Any ERGites want to comment about what is keeping ERG's share price down?

My interest in it was sparked by last month brief rally to 35 cents. However, the price has since gone back under 30 cents and seems to have settled there for the moment.

I'd be interested in hearing people's opinions.
 
Re: ERG alert

Only guessing, but I don't expect the price to move much until the revenues start to come in and show up on the financial statements.

Especially if MUL continues to absorb so much interest

Ghoti
 
Re: ERG alert

Any idea where the sudden activity comes from? I'm sure glad I didn't sell with a loss this morning as I was about to dump ERG due to lack of movement. Now it's back up nicely and I don't know why. sniff....

Any comments?

Happy trading

Stefan
 
Re: ERG alert

Still no new no ERG? It seems to remain strong and it's resisting any selling pressure we saw last week. Kooka, you mentioned it could be in for a run, but why?

Happy trading

Stefan
 
Re: ERG alert

ERG,s big borrowings have put pressure on the price for quite a long time .Their recent new issue has cleared a lot of that debt , and the directors should have more time in running the business than worrying about their creditors .Overall market sentiment now seems a bit more positive and the share price graph is now ticking upwards . I am comfortable holding stock at the moment . Regards KOOKA
 
Re: ERG alert

It is certainly showing a bit of strength here. Nice increase today and no end in sight. Finishing the day on a high note, I'd say it will go for 40 cents soon.

Maybe the prospect of 300 million by 2006 is starting to sink in. I had no time looking into it any further. Was just pleased to see it higher today. Any comments welcome...


Happy trading

Stefan
 
Re: ERG alert

I don't assume anybody here attended the AGM today?

Would be interesting to hear what the impression was. Anyway, I just keep holding for the time being, waiting to see some results.

Happy trading

Stefan
 
Re: ERG alert

Any updates on ERG?

Have had a vague interest in this one for a while but haven't kept up to date with what's been going on.

:nuts:
 
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