daytrading feb 28 morning, page-56

ANG released a pretty negative half yearly, yes they still did make a profit but well down on previous year and all other indicators were down. Their guidance was also quite vague. In addition Bradken withdrew a previous takeover expression of interest - no doubt after they saw the hlaf yearly

On the flip side I think they are a well managed company and good business in the long run but MS sector is really tough these days.

It does look oversold at current levels but I wouldn't be surprised if drops a bit more, long term could be a good entry point.

They recently raised cash at $3.20 which at the time of raising was a decent discount - shows how far they've dropped.