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ERG - ERG Limited

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Re: ERG anyone???

Not looking good atm:

 
Re: ERG anyone???

I need to go back through the announcements for the year to figure this one out - I thought ERG lost Melbourne about April. Anyway, the market this afternoon is taking this as good news. Just off the close ERG has gone back through 30cents. Wonder if it will last.

Ghoti
 
Re: ERG anyone???

ghotib said:
I need to go back through the announcements for the year to figure this one out - I thought ERG lost Melbourne about April.
Ghoti
Click to expand...

That's what I thought too, weren't they backed by IBM (not mentioned in the latest annct)? Or is it some other aspect of the Vic transport system? Could just be speculators again (daytraders). Since I know a bit more about the co than when I last traded it I wont be entering again. See the other ERG thread for technical studies after it jumped up the last time: https://www.aussiestockforums.com/forums/showthread.php?t=1000&highlight=erg
 
Re: ERG anyone???

The following is the tender update that ERG posted on 16 March. It did mention "ERG will consider alternative options ahead of a final decision" but they never mention what the alternative options were. The story is covered in Australian IT http://australianit.news.com.au/articles/0,7204,15903147%5E15306%5E%5Enbv%5E,00.html

Anyway, anyone has any view about this price surge? Thanks

"Tender Update
In accordance with Listing Rule obligations, we wish to advise as follows.

The Transport Ticketing Authority (TTA), part of the Department of Infrastructure in Victoria, has advised that it will not be continuing further negotiations with the consortium to which ERG is a subcontractor in the lead up to selecting a preferred tenderer for its new public transport ticketing system. ERG will consider alternative options ahead of a final decision.

This is a disappointing decision, as IBM and ERG believe they offered a compelling package for the TTA and Victoria. Whilst ERG is still considering its position with respect to Melbourne, it remains focused on profitably delivering its projects and pursuing new opportunities."
 
Re: ERG anyone???

Thanks Chan. I'm amused to see that the related story about ERG's concerns about Octopus and intellectual property rights says that ERG was knocked out in March. There's probably a fascinating story around IBM and Keane (who I'd never heard of before) and lots of devious negotiations - but I guess we'll never know it.

Anyway, I still see no reason for a major price change until there's evidence that the company can fulfil its contracts profitably. I thought the price drop after they were dropped from the deal in March was excessive. I think the price surge on today's news is likely also to be an overreaction from short term traders. I still think the company's management has earned some patience from shareholders.

Cheers,

Ghoti
 
Re: ERG anyone???

I re-read that whole thread tonight, and confirmed that when I eventually get around to technical trading I'll need to keep it entirely separate from investing. Trying to suss out (guess??) the reason for short term share price movements looks to me like a good way to get myself very confused.

Hmmm.... that might almost be worth a thread on the Chat Forum.

Cheers,

Ghoti
 
Re: ERG anyone???

ghotib said:
when I eventually get around to technical trading I'll need to keep it entirely separate from investing.
Click to expand...

Ghoti,
Yep, that's right, the two shouldn't be mixed up or nothing comes right. Basically a poor candidate for the universe but still could have taken profits if we'd been aware of it and traded appropriately (ie a short term trade with a set profit target). Both can be used in a complementary manner though. I only found out about the weak fundamentals later, should have looked at it first via an analyst report (eg StockDoctor was the one I mentioned that gave it a woeful rating). Still allowed a safe exit with minimal loss. That thread did get a bit confusing, hence the need for two threads, one on technicals, other on fundamentals (this one).

My guess re ERG is they teamed up with another bidder and dumped IBM, the new team won. Pity they didn't keep the market fully informed (at least I didn't hear of it). Is that an accurate assumption?
 
Re: ERG anyone???

Looking like there is a bit of an uptrend this morning on this one guys. Mabey a short for 19.5 and sell at 20.5?

Just a thought...


 
Re: ERG anyone???--November 4th Key day

November 4th --key day in the sharetrend--new issue at 12.5c---it traded down to 13.5c--everyone has tried to bottom pick ERG--including myself without success on numerous occasions.
Give this ago and see what happens--lol
bonkers
 
Re: ERG anyone???

FWIW and just because I've posted several times that I thought this should trade sideways till the company starts to generate revenue:

1. It didn't trade sideways; it's trended down down down. It also isn't generating much (any?) revenue.

2. I haven't been following announcements etc. but I do note that projects are in trouble. I've been working in cash strapped software companies where things went over schedule: often the schedule is overoptimistic and choices are being driven by the need for cash. An error-friendly situation and very, very tough on everyone involved (including the customers, assuming they realise it).

3. I'm not a trader. I don't know diddly about bottom-picking share prices.

Cheers,

Ghoti (the invincibly ignorant)
 
Re: ERG anyone???

Interested in what people may think on ERG--now that it is 13c--any views?
bonkers.
 
Re: ERG anyone???ghoti

Ghoti
I think perhaps at this level for ERG--it would be more important to think like an investor rather than a trader---it's not with the money raised going bankrupt--here is a penny dreadful that is marginable--there is some concern the company may go private--my view is knowlege of the company at this point is probably more important than a chart.
bonkers.
 
Re: ERG anyone???

ERG has had a bit of action in the past few days. Bouncing back from its recent downturn. Is this the bounce back we should jump in on or not? Who knows. Would be good to find out why its happening though, since there have been no announcements. Down trend isn't broken yet.
I dont hold, but have been watching it for quite some time, and have learned alot from it.
 
Re: ERG anyone???

$500 million net loss over the past 4 years, the only thing keeping them afloat is that investors seem willing to drop money into the hat whenever it is passed around.... I note that they have just announced another $30 million hat passing exercise... what promises are the management making this time??
Bonkers... knowlege of the company at this point is probably more important than a chart. The chart reflects the punters view of the company.
 
Re: ERG anyone???

The writer is divisble by 9 with the summer solstice 21/12/05--based on birthdate.Two days in the summer solstice December 21 and 22.
I have both Mahammod the Prophet and Queen Elizabeth the 2nd coming up from April, in toto with the vernal equinox March--re death sentence handed down in Vietnam. I am 60 days end Libra--and to quote some of what Yogi has stated (I have read some of his words)--60 is a magical Chinese number.
ERG has much improved fundamentals. Read recent announcements.
 
Re: ERG anyone???

Bonkers... When the frost settles on the nose of the buffalo the teepee will be empty
 
Re: ERG anyone???

From Incredible charts--where I also post.
=========
Thursday 15th of December--Full moon--emergency sitting of state parliament (today is 9 days since then)--seeing I'm still awake--I might as well do Friday--Federal Reserve System created 23/12/1913--the 23rd--is in conjunction with hotcopper banning date 23/10/05--I'd regard the creation of the Federal Reserve System though as much more important--no offence H/C.
Tojo and 6 others executed 1948
George Washington resigned 1783
Sydney Opera House--see my post at Ozestock--basset1--23/10/1973--I was there the day the Queen opened it.
207 x 9 the dog that bites itself---ex top twenty shareholder in ERG who threatened to sue me for defamation.
bonkers (day to day count.)(if you count one day forward you get lotto--as he told me at his place in 2000 (Melbourne Cup Day--we were betting 12000 dollars on each horse race on that day)--with me getting a small piece of the action.)---the stockmarket is just a punt!lol
On the dog trading count--I was exactly (info well sourced)--63 on December 1st. 1st day of Summer--World Aids day.)(that info applys to CPU--but I think it can equally used on ERG) (CPu has risen)
Just back from works Xmas party--today I assembled ETSA and Energy Australia--blue in colour-(I did Western Power on Thursday 22nd--the 2nd day of the solstice.)-had just one beer and two vodka's--even so slept through my train stop!--lol The John Farnham milk expiry date has run out today.
 
Re: ERG anyone???

I'm off work from Friday 23/12/05 Total Fire #BAN Daily Telegraph front page#to Tuesday 5th of January 2005 I'm the most banned poster on Australian websites.--don't get paid for that ten day break at the widget company that supplies electricity company's.
Anyway closure to that matter.S/H
My last appointment with Mental Health was the 21st where I was divisible by 9 based on real birthdate. Married Elton John.
Need to pay my Mastercard--it falls due on Tuesday January 3rd.
Next Mental Health appointment---Medical Review is Wednesday 4th of January 2006.
I have taken my lithium as instructed by the doctor (medical prescription dated the 29/11/05)--incarcerated (or should I use the term jailed Daily Telegraph front page Thursday 22nd January?) 17/11/05 to 29/11/05.
Lithium makes you quite thirsty for milk--my John Farnham milk expiry date (last one was the 23rd) is also the same day Mastercard is due Tuesday January 3rd--backstage passes to Johns concerts.
I'm in the Lotto draw tonight hoping to win a motza.
 
Re: ERG anyone???

Happy Xmas Hannaka first time in 46 years the two festivals coincide.
On this day in history William The Conquerer was crowned King of England
25/12/1066. Based on birthdate on a Sunday I'm divisible by 7 (day to day count.)--so I have a saying (as part of my own personal thing) I was born in the USA--Hippy music is on tv at the time of writing--Timelife--re heading into the age of Aquarius. I'm hopeless as a high person with a birthday like mine I'm obviously a low person I realise CPU has risen so I'm with ERG.
Bruce Springsteen.
 
Re: ERG anyone???

Forgive my intrusion, may I offer a chart with FA slopped all over it?

I love charting, it is full of inside information, if you look hard enough....

ERG really doesn't appear to offer the average punter much, except a tax deduction against successful trades.

ERG has been around for those who may not know, since the 'tech wreck'. It was pumped and hyped by everyone who was anyone. A lot of respected stock commentators lost a lot of street cred over their hyping of this one. There appears to be a tremendous amount of ill will associated with this stock. This makes any kind of break out from its downhill race highly unlikely.

This is a stock that seems to dig itself into a hole further and further every time it hypes itself. It creates a price spike and then a drop....so creating a point of reference for an overhead resistance trendline.

If you hear that ERG has dumped its CEO, this may be the time to watch the price very closely.

...and the chart....
 

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