Alinta ( ALN )

[nelehdine]

Bought some of these to put in the "NEVER SELL" catagory last week at $7.29 ... stock now trading up at $7.77 . Never seen it mentioned here so don't expect alot of feedback but worth a try !!. Co. announced approval gained for a huge new windfarm in WA yesterday. West Australian stocks seem to be doing very well at the moment ... WAN,WES,all the mining stocks ... Perth must be really buzzing !!

Disc: Hold 2250 ALN

[arco]

Nele....
I first mentioned ALN around $4 in late Nov 2002. (Recent high $7.77)

Posted - 28/11/2002
ALINTAGAS LIMITED
Quote.........

For traders who prefer to sit with a stock and not trade continually,
ALN might be worth looking at.

Thread still open and more info here.........

http://www.sharetrader.co.nz/topic.asp?TOPIC_ID=17181&SearchTerms=all,that

[nelehdine]

Trading halt ... another purchase from a distressed USA seller ???

Disc: Hold 2250 ALN

[nelehdine]

WOW ... $ 1.7b purchase of mainly gas-pipeline and power station assets ... renouncebale rights issue ... placement ... and a new tax-efficient structure ... where's my cheque book !!

[srotherh]

Nelehdine
or anyone with knowledge of this share
See this has had a pull back to $6.20s
Think it is worth looking at with all the action happening surrounding it
Any thoughts out there[?]

[OldRider]

I think well worth looking at round this price,
I hold Envestra,chosen mostly on size and that it operates in the Eastern states.Both I think are stapled securities,and have an attraction for us oldies,I am not sure if ALN does the same as ENV,
but with ENV each years dividend,round 10cps if I remember,is a mixture of smallish div and significant return of loan capital,gives very high cash return because of minimal tax.As well they have just announced,repeating again for this year another SPP where you can invest back up to a further $5000.Yearly average return has been better than 10% tax paid,better than bonds for my old mum.

[arco]

Old Rider mentioned ENV, which was a share I posted as a possible buy in May 2002 around 84/86c. (Now archived).
Recently has been up to $1.12 and currently seems to be in an ABC correction/or consolidation, but still worth watching for a possible reversal/breakout.

http://www.sharetrader.co.nz/topic.asp?ARCHIVE=true&TOPIC_ID=15015&SearchTerms=envestra

[Jim]

I do like this baby, I think the cheap way to get into it is by buying into the rights and excercise it when it is due. Can any of the investors tell me what is the code for ALN rights ?[8D][8D]

[nelehdine]

ALNR ... and yes I have bgt some more heads in recent days ... ALN will be the cornerstone of my A$ portfolio over the next few years.

[donner]

Is this an indicator of NGC's value if AGL decide to put there holding up for sale should they get a green light on Edison?

I hope so.

[Jim]

Had a fall today, I wonder what is wrong.........?????????[?][?]

[nelehdine]

Cash call is pretty heavy Jim ... 3 for 7 at 5.50 ... short sighted people ( or holders who haven't got any spare cash ) may be selling their ords to pay for their rights entitlement or just selling the rights which is dragging down the ords. Either way ALN is a long-term utility type hold for me and this is a great opportunity to add a quality co. at a good price to your portfolio. Don't let short term noise distract you from the long-term objective !!

[clearasmud]

Nele,

Would the divi be taxable in kiwi hands?

[Jim]

YES..........:(:(

[tracker]

according to fib levels we are sitting at around the 50% retracement level(thanks to alpha for that)looking at how perfectly it has confirmed all the higher fibs I have no doubt it will get down there, being the 61.8% which would equate to 5.50 check out alnr down 16% and looking more than average
trade well
stop loss as alwyas
tracker

[nelehdine]

Can't see the shares dn that low Tracker ... will be "backing up the truck" though if it does happen !!

Disc: Hold 3974 ALN

[tracker]

i didnt think so either BUT yesterdays trading was a wee bit bleak to say the least, hope I am wrong for your sake
stop loss as always
tracker

[tracker]

nice move in alnr today, anyone watching???
tracker

[Jim]

I bought some ALNR at 0.50 yesterday and was surprised when the contract I received today I was told to pay the final price of A$5.50 plus the 0.50.
Well luckily I have enough fund to cover or else I will be in the sh#@$t.
Can any of the punters explain why ? I bought it at Access.[xx(][xx(]

NELEHDINE Did you back the truck up on monday when these were selling for $5.50. Good call Tracker I think $5.50 was absolute bottom.

DISC hold ALN bought some at $5.50

[nelehdine]

I was buying in the 5.60's a few days earlier ENIGMA ... well done on getting in at the rights price !!

[tracker]

ya would think i would listen to myself after so long wouldnt you
forgot all about them
the call was alphas(not too shabby)
stop loss as always
tracker

[arco]

Certainly some support in this area but there is the possibility of more downside IMO.

Also any upside will have to bridge those gaps before it can move
forward confidently.

Opinions please is it going up or down from here TIA

[arco]

As mentioned on the 13th May........

"there is the possibility of more downside IMO"

I have not changed my opinion.

[AlphaCenturian]

Hi arco,

here is the chart I use for ALN - very solid TA trade. I agree it could retest $5.95, even 5.50 if things got messy on the markets but I like how it held that support so well.

Note the ongoing Distribution though.

Cheers,

http://www.users.bigpond.net.au/alphacenturian/aln.jpg

[arco]

Hello Alpha C

The way I see it is there could be a major correction underway, and [u]if</u> support at $5.50 breaks we may look at the possibility of $4.90 or lower - say perhaps even $4.10

Arco

[AlphaCenturian]

Hi arco,

based solely on the performanace of ALN the last time it visited $5.50 I would have to say I doubt it will break. Typically the hint is placed there when a stock trades to a critical support which in this case was ALN's 61.8% fibonacci level - sags through either intraday (or days) and THEN recovers for a while. This fall imo was very healthy and well supported.

Time as always will tell I guess. It was a nice trade up for a scalping but from here its gambling imo.

[tracker]

arco when you refer to a major correction underway are you refering to the retrace this week, and that you see that as atop, and from here on down
I just found the post a little hard to follow(yes I am thick)trade well
stops as always
tracker

[tracker]

arco just bringing this up to the top so as if you do se it and have the time , could you please clarify this
ta in advance
tracker

Anybody have any future thoughts on this one.

[AlphaCenturian]

$6.90 is very important to ALN. Its been more or less an unfettered run from the perfect 61.8% Fibonacci bounce at $5.50 to here. A decisive break through $6.90 would be impressive but I would be taking profits now and looking for a pullback to retest lower supports. Volume has been declining noticeably until today.

Mind you, I'm chasing capital gains rather than buy and hold dividend yielders so I prefer to take reasonable gains off the table when they present themseves.

Cheers,

Alpha now it is trading at $7.15 what is your prognosis

[greenpastures]

ALN up 6.4% today on 5th highest by trades, 12th highest by value.

[greenpastures]

ALN still rising as at today (as suspected). Historically, the maximum fibonacci EQUIVALENT (I do not follow fibonacci as such, but his principles have similarities to mine in some regards) ALN has reached over the past year have been 50.46 (week ending 10 October 2003), 50.47 (week ending 20 Feb 04), and at this time is not near that (but approaching within 1-2 weeks). Because fib max mean is 61.8 +/- about 3to4% (60-64), and that ALN had anounced some very good results, it would not suprise me that the wave this time may go higher than the historical maximum. So there are 2 possibilities. It will reach average wave high or just above soon and soften, or continue higher. This question cannot be answered today, but may be answered by Friday.