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Latest Forum Topics / AusGroup    Last:0.009 --  Post Reply
Ausgroup - the train is moving soon
josephyeo
Elite
20-Oct-2017 16:29     
 
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 Alert Admin 		Total assets exceed total liability bt A$23.3

For info ... not vested. Will decide after agm.

Wind22i      ( Date: 16-Oct-2017 20:07) Posted:

(a) Basis of preparation (extract)
Going Concern
The Group recognised a net profit after tax of AU$4.6 million for the year ended 30 June 2017 and as at that date,
current liabilities exceed current assets by AU$2.9 million. Following the debt to equity conversion exercise
completed in the year, total assets now exceed total liabilities by AU$23.3 million, a significant improvement from
the prior year. While the Group has breached covenants on its major debt facilities during the year ended 30 June
2017, it has received waivers for these breaches by its principal banker for the financial year ended 30 June 2017.
The consolidated financial statements have been prepared on a going concern basis, which assumes that the
Group will be able to meet its obligations as and when they fall due. The paragraphs below outline the going
concern basis.
Renegotiation of debt facilities
The Group discusses its debt arrangements with its principal banker on an ongoing basis. In May 2017, the Group
agreed with its principal banker to convert a short-term loan to a term facility but with an expiry date of 31 December
2019. The revised loan documentation had not been finalised prior to the year-end and the loan has been classified
as a current liability as at 30 June 2017. The ongoing support from the Group?s principal banker is critical.
In relation to facilities from its principal banker, the Group is in the process of agreeing appropriate covenants with
its principal banker going forward. However, the Group received waivers from its principal banker for Quarter 1,
Quarter 2, Quarter 3 and Quarter 4 of the 2017 financial year.
During the year ended 30 June 2017 the Group had been in breach of a number of the financial covenants attached
to the S$110m Multi Currency Notes (the ?Notes?). An extension of the maturity date of the Notes facility to 20
October 2018, with an option to extend to 20 October 2019 on the approval of the Noteholders, together with the
removal of the financial covenant requirements was approved by the Noteholders on 5 October 2016.
In addition, the Group has a loan from Ezion Holdings Limited (?Ezion?), a substantial shareholder of the Group,
which is currently due to be repaid after 31 December 2018. The interest rate applicable to the loan was reduced
from 8% to 5% per annum, as agreed by the Group and Ezion, effective from 1 July 2016.
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NextEvolution
Elite
20-Oct-2017 16:28     
 
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 Alert Admin 		Price cracked below 3. Can trend lower now

NextEvolution      ( Date: 20-Oct-2017 10:20) Posted:

There goes 3 again. Now in precarious balancing can break anytime.

NextEvolution      ( Date: 12-Oct-2017 08:48) Posted:

Interesting to see if historical low of 3 can hold
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dvdtsk
Senior
20-Oct-2017 16:27     
 
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 Alert Admin 		They issue shares like giving away peanut... NOBODY dasre to support theirstock price.!!!

josephyeo      ( Date: 20-Oct-2017 16:25) Posted:

Company has turnaround. Problems are the high debts n bond holders

josephyeo      ( Date: 16-Oct-2017 15:21) Posted:

Below are the results of Ausgroup financial performance:

1Q - loss of A$2,018,000
2Q - profit of A$1,106,000
3Q - profit of A$3,347,000
4Q - profit of A$2,366,000
Full year ended June 2017 - profit of A$4,738.000.

Ausgroup is actually 1 of the few companies in the Oil, Gas n Marine sector which is profitable.
Above are for info only.
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SuperLuckyCorn
Supreme
20-Oct-2017 16:25     
 
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 Alert Admin 		So how?? monday then see attack or not??
Er..can shortists identify themselves, we want to shoot them leh.

dvdtsk      ( Date: 20-Oct-2017 16:21) Posted:

If this quarter result poor, the counter is going to fall to  SUSPEND!!!
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josephyeo
Elite
20-Oct-2017 16:25     
 
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 Alert Admin 		Company has turnaround. Problems are the high debts n bond holders

josephyeo      ( Date: 16-Oct-2017 15:21) Posted:

Below are the results of Ausgroup financial performance:

1Q - loss of A$2,018,000
2Q - profit of A$1,106,000
3Q - profit of A$3,347,000
4Q - profit of A$2,366,000
Full year ended June 2017 - profit of A$4,738.000.

Ausgroup is actually 1 of the few companies in the Oil, Gas n Marine sector which is profitable.
Above are for info only.
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dvdtsk
Senior
20-Oct-2017 16:21     
 
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 Alert Admin 		If this quarter result poor, the counter is going to fall to  SUSPEND!!!
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SuperLuckyCorn
Supreme
20-Oct-2017 16:20     
 
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 Alert Admin 		...(==" )///...\(?_?)/....

dvdtsk      ( Date: 20-Oct-2017 16:17) Posted:

U see prices falling again Today.. Let the Bxxxxxxx shot again...
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dvdtsk
Senior
20-Oct-2017 16:17     
 
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 Alert Admin 		U see prices falling again Today.. Let the Bxxxxxxx shot again...
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dvdtsk
Senior
20-Oct-2017 16:15     
 
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 Alert Admin 		Come this AGM, All should boycot their increase in Director fees... The stock prices is subdue and turnaround still yet to come by. Debts is still so high. Not sure whether the management can yurnaround the company!!! 

josephyeo      ( Date: 16-Oct-2017 19:49) Posted:

NOTICE OF ANNUAL GENERAL MEETING
 
NOTICE IS HEREBY GIVEN that the annual general meeting of AusGroup Limited (the &ldquo Company&rdquo ) will be held at
Room 309, Level 3, Suntec Singapore Convention & Exhibition Centre, 1 Raffles Boulevard, Suntec City, Singapore 039593
on Thursday, 26 October 2017 at 10:00 a.m.

For info only ...
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NextEvolution
Elite
20-Oct-2017 10:20     
 
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 Alert Admin 		There goes 3 again. Now in precarious balancing can break anytime.

NextEvolution      ( Date: 12-Oct-2017 08:48) Posted:

Interesting to see if historical low of 3 can hold

NextEvolution      ( Date: 11-Oct-2017 17:50) Posted:

Auditor's Disclaimers.... Don't look good for Ausgroup. More selling tomorrow? We shall see. Took much profit from yesterday's position so come what may.
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TraderBen
Supreme
20-Oct-2017 10:08     
 
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 Alert Admin 		its because they themselves isnt sure..

Wind22i      ( Date: 16-Oct-2017 19:34) Posted:

Auditor disclaimer isnt good ...its a big red flag

TraderBen      ( Date: 16-Oct-2017 16:30) Posted:

This is down because the auditor issue disclaimer on the results.. now waiting for 1Q results to prove them wrong.. hopefully.. haha
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SuperLuckyCorn
Supreme
20-Oct-2017 09:59     
 
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 Alert Admin 		Gathering troops, prepare to secure lands. winkwink
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Wind22i
Supreme
16-Oct-2017 20:07     
 
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 Alert Admin 		(a) Basis of preparation (extract)
Going Concern
The Group recognised a net profit after tax of AU$4.6 million for the year ended 30 June 2017 and as at that date,
current liabilities exceed current assets by AU$2.9 million. Following the debt to equity conversion exercise
completed in the year, total assets now exceed total liabilities by AU$23.3 million, a significant improvement from
the prior year. While the Group has breached covenants on its major debt facilities during the year ended 30 June
2017, it has received waivers for these breaches by its principal banker for the financial year ended 30 June 2017.
The consolidated financial statements have been prepared on a going concern basis, which assumes that the
Group will be able to meet its obligations as and when they fall due. The paragraphs below outline the going
concern basis.
Renegotiation of debt facilities
The Group discusses its debt arrangements with its principal banker on an ongoing basis. In May 2017, the Group
agreed with its principal banker to convert a short-term loan to a term facility but with an expiry date of 31 December
2019. The revised loan documentation had not been finalised prior to the year-end and the loan has been classified
as a current liability as at 30 June 2017. The ongoing support from the Group?s principal banker is critical.
In relation to facilities from its principal banker, the Group is in the process of agreeing appropriate covenants with
its principal banker going forward. However, the Group received waivers from its principal banker for Quarter 1,
Quarter 2, Quarter 3 and Quarter 4 of the 2017 financial year.
During the year ended 30 June 2017 the Group had been in breach of a number of the financial covenants attached
to the S$110m Multi Currency Notes (the ?Notes?). An extension of the maturity date of the Notes facility to 20
October 2018, with an option to extend to 20 October 2019 on the approval of the Noteholders, together with the
removal of the financial covenant requirements was approved by the Noteholders on 5 October 2016.
In addition, the Group has a loan from Ezion Holdings Limited (?Ezion?), a substantial shareholder of the Group,
which is currently due to be repaid after 31 December 2018. The interest rate applicable to the loan was reduced
from 8% to 5% per annum, as agreed by the Group and Ezion, effective from 1 July 2016.
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josephyeo
Elite
16-Oct-2017 19:49     
 
josephyeo About Contact  Quote this Post! Style: Fundamental  
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 Alert Admin
NOTICE OF ANNUAL GENERAL MEETING
 
NOTICE IS HEREBY GIVEN that the annual general meeting of AusGroup Limited (the &ldquo Company&rdquo ) will be held at
Room 309, Level 3, Suntec Singapore Convention & Exhibition Centre, 1 Raffles Boulevard, Suntec City, Singapore 039593
on Thursday, 26 October 2017 at 10:00 a.m.

For info only ...
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Wind22i
Supreme
16-Oct-2017 19:34     
 
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 Alert Admin 		Auditor disclaimer isnt good ...its a big red flag

TraderBen      ( Date: 16-Oct-2017 16:30) Posted:

This is down because the auditor issue disclaimer on the results.. now waiting for 1Q results to prove them wrong.. hopefully.. haha
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TraderBen
Supreme
16-Oct-2017 16:30     
 
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 Alert Admin 		This is down because the auditor issue disclaimer on the results.. now waiting for 1Q results to prove them wrong.. hopefully.. haha
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Wind22i
Supreme
16-Oct-2017 16:30     
 
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 Alert Admin 		Another heavy sell down coming?
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Battle123
Elite
16-Oct-2017 15:38     
 
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 Alert Admin 		Ya the report result is positive

No movement yet

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josephyeo
Elite
16-Oct-2017 15:21     
 
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 Alert Admin 		Below are the results of Ausgroup financial performance:

1Q - loss of A$2,018,000
2Q - profit of A$1,106,000
3Q - profit of A$3,347,000
4Q - profit of A$2,366,000
Full year ended June 2017 - profit of A$4,738.000.

Ausgroup is actually 1 of the few companies in the Oil, Gas n Marine sector which is profitable.
Above are for info only.
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TraderBen
Supreme
13-Oct-2017 09:34     
 
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 Alert Admin 		After reading thru the report.. i feel can buy abit more.. the report is purely based on their assumption only. no facts at all. Total shares i see now is 1.5b..before everything was done is about 750m also nearly double..
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