AWE on the Move

[The Big Ease]

exactly macduffy.
If A-2 added 200m to NWE, that's a massive increase of 300% from here but only around 30% for AWE.

[troyvdh]

....why the collapse.....imp div....beats me...mind you that would not be hard....cheers

[macduffy]

Troyvdh, I think you'll find that the div was paid in January - and will have already been spent!

Cheers

[troyvdh]

.....yea good point....However I remain an optomist......thanks for that....not......cheers...

[troyvdh]

FNArena today.....AWE has been near $2 twice in the past 3 years .cheers troy


Citi rates AWE as Buy, High Risk (1) - Target $2.20 (was $2.14). The broker thought it was a strong December quarter and while a tad shy of the broker's forecasts, it was still a 33% improvement on the last quarter. Revenue beat Citi by 19% on an inventory drawdown from Tui that resulted in a more oily sales mix.
FY13-15 earnings forecasts are lifted by 30%, 4% and 2%, with the price target getting some extra help on a lifting of the broker's valuation for Ande Ande Lumut. Buy call maintained, with the broker remaining bullish on the company's prospects.
Target price is $2.20 Current Price is $1.24 Difference: $0.96 If AWE meets the Citi target it will return approximately 77% (excluding dividends, fees and charges).
The company's fiscal year ends in June. Citi forecasts a full year FY13 dividend of 0.00 cents and EPS of 2.50 cents .
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 49.60.
Market Sentiment: 0.7
How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 5.3, implying annual growth of - 141.8%.Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.Current consensus price target is $ 1.80, suggesting upside of 45.5%(ex-dividends).Current consensus EPS estimate suggests the PER is 23.3.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

[Minerbarejet]

Signs of movement here - 1.5 mill traded in about 10 mins this afternoon with a day total of about 5 mil- one trade took out about 1 mil so someone or something is into it. Nice recovery from 1.15 in three days, long may it continue.

[Crypto Crude]

hey Troy,
AWE is a super company...
unfortunately it is not one that fits my current strategy...

.^sc

[troyvdh]

...Giday...why not ...like i say..in the past 3 years it has had two runs at $2.... from about $1....the returns if one had traded are like 200 %....for someone like me I would be quite ecstatic...particularly if the sums in involved were in the 100k$...I honestly envy you if you are doing better...well done...cheers troy...

[Minerbarejet]

On the move again I see. Is it just the feasibility at Senecio that has it up from 115 to 143 with lots of bidders this morning before open or is there something I have missed. Any clues guys.
Disc: Holding AWE, NWE, AOH

[macduffy]

AWE has increased 2P reserves at its Sugarloaf AMI by 67% to around 16mbbls. Macquaries retain "Outperform", market unimpressed and marks the SP down with most other resources stocks today.

I hold a few, well under water!