ACE acusensus limited.
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The ugly, the bad, the good....UGLY: Annual loss increased...

  1. oreo
    146 Posts.
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    31/08/09
    13:21
    Post #: 5576234
    The ugly, the bad, the good....

    UGLY: Annual loss increased (marginally), I don´t think anyone was expecting anything but from the last 9 months of reports.

    Ceased orders from major customer in China.

    BAD: High warranty claims in China (though expected to return to normal levels FY2010)

    GOOD: Oil recovered from yearly lows.

    YOY Sales Revenue Growth (Marginally)

    10 Year Tata Agreement continues.
    By 2012 Indias Natural Gas infrastructure to reach 160million people

    Commercial sales of Dalian/ACE Hybrid Gas-Electric bus commenced. (WHY DON´T THEY ANNOUNCE THESE DEVELOPMENTS!!)

    Thai and Indonesia sales recommenced for FY2010

    Norinco in talks with Egypt, Iran, Myanmar and Thailand


    Forward looking, the sales are there....but until they eventuate, ACE continues walking the financial tightrope.
    ACE Price at posting: 3.2¢ Sentiment: Hold Disclosure: Held
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