ARI 0.00% 2.2¢ a.c.n. 004 410 833 limited

Shorter be buried nicely, page-14

  1. 431 Posts.
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    Ignore the noise on share price, it has been manipulated and boxed in by algo's playing (1c clip on a 20-23c price is a nice daily return of 4.5-5%) - game well worth playing if got rapid asx link and pockets that can stack each side of the spread - last few weeks has seen blatant stacking of spread to push price up and down, and keep lid on it each time threatened to break out.

    This game will be up (or become much more risky) following next weeks results. Write downs well signalled to market, key will be outlook statement. Wire ropes sale and other non core asset sales sensible strategy to reduce higher debt levels, latest sale actually puts them ahead of flagged asset sales targets.

    Steel finally moving into sweet spot with sustained dollar reduction, which equally helps with AUD iron ore prices achieved. Moly crop still performing strongly and used kicker as well. Expect we will see a decent relating over next couple of weeks.

    Don't watch screens, atriums price has been horrendously manipulated of late. Take comfort in Allan Gray taking a very substantial stake in company recently, they specialise in these under loved deep value plays and have a very good track record - they do very sophisticated analysis of company's fundamental embedded value.

    Enjoy the re-rating folks, anyone who's waited this out has well and truly earned it!!
 
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Currently unlisted public company.

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