Hey Ian, thought I might reply back in my part of the world - don't want to clutter up the NOD thread over there (that is if you are indeed the same Ian as over at SS - apologies if not! lol ).


ALS - looks pretty fully priced to me just atm. Not sure I'm fully comfortable with the exposure to building, despite any flow through from Gorgon, etc. I do like it's position in the supply chain or many supply chains though. I have dropped it onto a watchlist that I keep a close eye on though.

ASL - picked up quite an exposure for this one through a punt on BDL. I had a small position in that one, then noticed volume increasing so took up some more. Glad I did as ASL came out with its bid for it. Best of both worlds, ASL is a good Co and quite vunerable itself to being bought out.

PGA - bought a token position as per the thread "Market Movers - sky". Advertisers are pretty much coming off the bottom of their cycle atm, so there could be some more upside here. Probably not in for the LT with this one as prefer to allocate capital elsewhere and only in it for ST for the moment, as per the other thread.

TWD - interesting Co to keep an eye on, but outside my view point atm.

RCG - with Sol Lew on the prowl could be one to watch for any vol spikes.

DUE - have looked at this one before, but don't feel too comfortable with the structure or the debt levels. Certainly got a lot of upside if the debt market continue to improve, but still have doubts about the LT direction or sustainability of the current recovery, so will stand aside for the moment.

ENV - debt levels probably constrain any further growth through aquisitions, but it is certainly tied into the hot sectors atm - energy and energy distribution. Vunerable to being bought out imho.

OAK - very attractive PE and like many Co's massive upside from where it is compared to where it was. However, still not comfortable with commercial property, has a fair bit of current debt and again just fret as to the sustainability of the recovery. I think the bold investor could make a fair bit of $ on many of the companies with commercial property. Have added it to my property watch list, but doubt I will be moving into it.

PBD - as with the other commercial and res property Co's mentioned so far interesting. Upside from where it has been is massive, BUT, as with other Co's concerns re debt and the LT direction of recovery. Have this one on an existing watch list, but might move it up to a list I watch a little more intently. Speeding ticket was good to see. Agressive discout rate used in recent report, in terms of aggressively conservative - s/b more widespread in the prop sector imho, but good to see they're being conservative and realistic.

Just my thoughts really. Some Co's a bit more familiar with, eg ASL which i was considering buying before I realised I was going to end up in them anyway through BDL. Others just impressions from having a look at them last night.

Cheers for raising them up to my attention, always appreciate having interesting Co's being pointed out to me.

Hey Ian,

I for one remember your posts. I certainly remembered your name from this Forum, although we tended to post on different threads was probably more a result of different investment approaches and styles. This site still generates some good discussions, abit at lower volumes than some of the other sites. Anyhow, more posters, more ideas.

Glad you had a few companies raised to your own attention from my post. They are all very interesting Co's, basically went looking for any downstream companies that would benefit from the continuation of the mining boom, or at least continued elevated commodity prices. Obviously mining engineering and logistics Co's are prime candidates, and the recent announcements from WPL, Cheveron, etc, re Gorgon, Gladstone, etc, etc have proven to be doubly fortuitous.

For any other lurkers out there, the companies that were being discussed were NOD, LYL, MND, SDM, SWK, MRS, NMS and DCG. The particular thread was in relation to NOD and of recently taking some profits in it (I was feeling it was getting a little topy after its recent strong run - still holding some though, although I tend to trade in and out of some stocks pretty quickly, so this statement might not be true tomorrow). My feeling still is that this sector has run up strongly and some companys are looking very overbought. I've taken some or total profit on several Co's, with the exception of LYL and MND, but would not be adverse to re-entering any of the above Co's if there is a ST pullback.

Anyhow, thanks again for raising some Co's to my attention. I can tell you that a couple have been added to my watchlist!

LAter

Cheers guys - ANG and FGE added to my Civil's watchlist

Actually took up a small position in NMS yesterday. Preferred it over MRM in the end, due to lower debt, PE and market cap. Feel that a little of the 'heat' may have come out of it's s/price from a TA perspective and might be a good dip to try and enter. It has been something of a consolidator in the industry and imho is vunerable to be consolidated too at the right price in the longer term.

Benthonic - WDS looks very interesting too. Have added it to my engineering watch list. Cheers.

Bought back my NOD stake that was responsible for kicking off this thread at 91c this morning. According to my amaturish fib and TA calc's that represent it's 31.8% retractment.... having now put this in writing, watch it fall all the way back to it's 50% retracment mark! lol

lol - it is a bit that way. I got stopped out of that NOD position a long time back. Bought back in recently in the high 50s, only to sell out on Friday morning for 75c when the chart was telling me its recent rise was looking like stalling for a bit and I was looking at taking profits given last weeks strong run just about everywhere.... sometimes you can be lucky! (in this case very lucky!)

Could not resist, bought back the same stake I sold on Friday for less than half the price today. It is a bit of a LT punt as opposed to a trade. Some of the big sales that have been going through suggests that at least one large LT investor/fund has had enough and is moving on... not good. That the Executive have consistantly said that the management problems are behind them and have come out now with 2 missed profit revisions - does not fill me with a great deal of confidence, but it is in the right sector, and if it does come good, all the merrier.