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     holycow
Member
Username: holycow
Post Number: 406
Registered: 08-2004Rating: N/A
Votes: 0
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| | Sunday, November 28, 2004 - 02:09 pm: |  
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MTT Daily
1) the selling of MTT was way overboard even after a 5.5c FF dividend was announced - that was how frenzy the selling had been - anyway, when cooler head returned the smart investors went back in and bought big as indicated by the much higher volume;
2) it "makes sense" to bet against the market in circumstance such as this... keep an eye for oversold stocks - I went in to CSL and COH almost in a similar fashion.
HC
"... if you've got a chart, I have an opinion!"
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holycow
Member
Username: holycow
Post Number: 486
Registered: 08-2004Rating: N/A
Votes: 0
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| | Monday, December 06, 2004 - 08:52 am: |
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Monday December 6, 6:22 AM
Australia Metcash bids A$846 mln for Foodland Australia
(NOTE: Accompanying alert corrected to show A$846 million reflects the value of Foodland's Australian business only)
SYDNEY, Dec 6 (Reuters) - Australian food and liquor wholesaler and retailer Metcash Trading Ltd. said early on Monday it would offer to buy Foodland Associated's Australian business for A$846 million ($661 million).
Under the offer, Foodland shareholders would retain ownership of Foodland's New Zealand business, which accounts for about 70 percent of sales.
The offer would value Foodland's Australian supermarkets and other operations at A$7.18 a share, which Metcash said was a 39 percent premium to the estimated value of the domestic arm.
Metcash, whose largest arm is IGA Distribution, also said it planned to pay A$2.92 a share for the 61 percent of Metcash owned by South African grocer Metro Cash & Carry .
Metcash last traded at A$2.94, capitalising its 638.8 million shares at A$1.9 billion. Foodland last traded at A$19.21, valuing its 117.8 million shares at A$2.2 billion.
($=A$1.28)
*** I didn't count on this....duh!
HC
"... if you've got a chart, I have an opinion!"
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holycow
Member
Username: holycow
Post Number: 500
Registered: 08-2004Rating: N/A
Votes: 0
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| | Tuesday, December 07, 2004 - 08:38 am: |
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06 December 2004
Metcash announces completion of institutional placement raising almost A$270 million
Metcash Trading Ltd (“Metcash” or the “Company”) (ASX:MTT) today announced the successful completion of an institutional placement of 89.85 million shares.
The shares were placed to an extensive number of existing Metcash shareholders and new institutional investors at $3.00 per share, raising a total of almost $270 million.
At $3.00 per share, the placement was completed at a 2% premium to Metcash’s previous close of $2.94, signifying a high level of support for the takeover offer and the capital reorganisation announced earlier
HC
"... if you've got a chart, I have an opinion!"
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peterloh
Member
Username: peterloh
Post Number: 890
Registered: 03-2003Rating: N/A
Votes: 0
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| | Tuesday, December 07, 2004 - 06:52 pm: |
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Well picked HC.
-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
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holycow
Member
Username: holycow
Post Number: 536
Registered: 08-2004Rating: N/A
Votes: 0
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| | Wednesday, December 08, 2004 - 06:17 pm: |
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MTT Daily
1) although there is a MA fight going on but it's getting a little too messy for my liking - so I was quite gracious in giving up my shares... afterall, it was meant for a short term trade anyway.
HC
"... if you've got a chart, I have an opinion!"
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msparks
Member
Username: msparks
Post Number: 88
Registered: 10-2004Rating: N/A
Votes: 0
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| | Thursday, April 07, 2005 - 02:30 pm: |
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Hi HC
Seems to be going against the short term market trend.
Breakout to new highs.
mm
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holycow
Member
Username: holycow
Post Number: 1101
Registered: 08-2004Rating: N/A
Votes: 0
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| | Thursday, April 07, 2005 - 09:44 pm: |
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Mark,
Ken seems to have a lot of success in shorting the market. May be you want to look into that?
Cheers.
ps: I am happy just to stand in queue behind you... after you jump into the deep end and if you survive then I will jump... Okay? 
HC
"... if you've got a chart, I have an opinion!"
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dogalog
Member
Username: dogalog
Post Number: 1095
Registered: 03-2004Rating: N/A
Votes: 0
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| | Friday, April 08, 2005 - 08:58 am: |
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Greetings MM,
I'd anticipate resistance at $3.40 ish.I know your chart is adjusted to new capital issue and is now showing MTT as in 'Virgin' territory but i don't think average retail investors are up to that.Their brokers don't adjust for such things,decent newspapers do,but I don't think the concept is Fully intergrated into THE thinking of the new investors.
Of course this is 'wrong' thinking but I personally would wait for a good crack of the historical 'evening star' that HC got out on earlier.Tell us what you do,give us YOUR decision.If you get the time of course.
Regards mm,
jr
edit-written before compliance suspension notice seen.haven't read that yet.
(Message edited by dogalog on April 08, 2005)
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holycow
Member
Username: holycow
Post Number: 2637
Registered: 08-2004
Rating: N/A
Votes: 0
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| | Thursday, August 17, 2006 - 10:28 pm: |
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MTS Daily
1) this looks like a set up for an eventual fall... one more day!
HC
"... if you've got a chart, I have an opinion!"
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