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tjrailway
Locomotive Fireman
Joined: Jul 20, 2007
Last Visited: Nov 16, 2008
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Posted: Tue Jul 08, 2008 5:18 pm
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Today 08/07/2008 Asciano's share price has slumped to close $2.72.
The value dropped over 19% alone today.
When it was originally listed it opened at around $10.80 thats a drop of 75% in about 12 months.
Is Rowsthorn going down????
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ParkesHub
Chief Commissioner
Joined: Jul 29, 2003
Last Visited: Nov 8, 2008
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Posted: Tue Jul 08, 2008 6:01 pm
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| tjrailway wrote: |
Is Rowsthorn going down???? |
One can only hope. Then it would be a case of 'what goes around, comes around'
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NathanCastle
Assistant Commissioner
Joined: Dec 11, 2007
Last Visited: Nov 6, 2008
Location: Gippsland
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Posted: Tue Jul 08, 2008 6:29 pm
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| ParkesHub wrote: | | tjrailway wrote: |
Is Rowsthorn going down???? |
One can only hope. Then it would be a case of 'what goes around, comes around' |
Well I am very glad that I didn't pour any of my money In to this company that looks like It Is going down the plug hole.
This proposed carbon trading scheme Is going to ruin the economy of Australia. "Dump It Now"
65 miles from Flinders Street Station Melbourne and 703 feet above sea level
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ShowMeTheMoney
Assistant Commissioner
Joined: Jul 31, 2006
Last Visited: Nov 20, 2008
Location: dot AU
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Posted: Tue Jul 08, 2008 6:45 pm
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Something is brewing.
Lets not speculate though, it could be a very good time to buy!
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Shacks
Ghanzel
Joined: Mar 03, 2003
Last Visited: Nov 20, 2008
Location: Sir Big Lens of the Distant (Signal) North.
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Posted: Tue Jul 08, 2008 11:08 pm
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Wait a few days I say. They will be under a$1 very soon, then it will be a good time to grab some.
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tjrailway
Locomotive Fireman
Joined: Jul 20, 2007
Last Visited: Nov 16, 2008
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Posted: Wed Jul 09, 2008 8:07 am
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Asciano can't explain share price drop
Email Print Normal font Large font July 8, 2008 - 5:19PM
Transport infrastructure company Asciano Group Ltd says it has no explanation for the fall in its share price of nearly 20 per cent.
"Asciano is not aware of any information concerning it which, if known, could be an explanation for recent trading in securities in Asciano," the company said in a statement to the Australian stock exchange.
Asciano securities fell 65 cents, or 19.29 per cent, to $2.72.
Asciano said that on March 3 it had provided earnings guidance to the market for the year to June 30, 2008, for EBITDA (earnings before interest, tax, depreciation and amortisation) excluding significant items in the range of $650 million to $660 million.
"Asciano continues to expect earnings for the financial year to June 30, 2008 to be within this range," the company said.
Asciano said it expected to announce a number of significant items with its annual results.
These were expected to include a writedown in the carrying value of Asciano's Pacific National export grain haulage assets, costs related to the restructure of the grains business, and demerger and establishment costs - all of which were disclosed in Asciano's first half results.
Asciano was created as part of a restructure of transport and logistics group Toll Holdings Ltd in June 2007.
Asciano said it expects to announce a realised loss on the sale of its stake in pallets provider, Brambles Ltd, of about $100 million, as a significant item.
Asciano said it had previously advised the market of various growth initiatives, including intended entry into the Queensland coal haulage market, a proposed investment in the Saudi Landbridge project, and expansion of its Fisherman Islands container terminal in Brisbane.
Options for financing these projects could involve the sale of existing businesses or assets, partnerships or a capital raising.
"Asciano is aware of recent media speculation regarding the potential for Asciano to raise additional equity," the group said.
"No decision has been made in respect of any preferred funding option."
© 2008 AAP
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ShowMeTheMoney
Assistant Commissioner
Joined: Jul 31, 2006
Last Visited: Nov 20, 2008
Location: dot AU
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Posted: Wed Jul 09, 2008 10:12 am
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I thinks it's something to do with the price of oil!
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TE2815
Minister for Railways
Joined: Mar 19, 2004
Last Visited: Nov 19, 2008
Location: Under the newsdesk !
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Posted: Wed Jul 09, 2008 1:50 pm
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ARG loses Manildra contract to PN.
PN parent company Asciano falters.
ARG buys freight contracts from Asciano at bargain prices.
What a deal
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long end
Station Master
Joined: Apr 29, 2006
Last Visited: Sep 13, 2008
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Posted: Thu Jul 10, 2008 1:59 am
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its all about debt ,,,,parent company has too much debt,,needs to refinance ,to gets its gearing levels down ,,its rumoured to require 1 billion dollars in late 2009 to finances its current operations as well its new projects,,with the new threat to money markets oversees in last couple of days it causing nervous share holders to drop the stock fearing the company wont be able to get new funding from the banks
cheers
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KRviator
Moderator
Joined: Apr 23, 2005
Last Visited: Nov 20, 2008
Location: Cab of a 90 Class
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Posted: Thu Jul 10, 2008 8:43 am
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Nice to see the twerps gave us those shares at $8-something a share and they're now worth less than a quarter of that.
They'd better go back up when we start running coal trains in QLD or laying track in the Land of Sand.
Trainee Driver, Pacific National
Comments made are strictly the opinion of the author and do not reflect the opinions of the ADF, Pacific National, Freight Australia or the Boy Scouts of Antartica.
My fotopic gallery: http://KRviator.fotopic.net |
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ShowMeTheMoney
Assistant Commissioner
Joined: Jul 31, 2006
Last Visited: Nov 20, 2008
Location: dot AU
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Posted: Thu Jul 10, 2008 9:14 am
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| KRviator wrote: | | Nice to see the twerps gave us those shares at $8-something a share and they're now worth less than a quarter of that. |
Great attitude.
You get something for nothing, then you dump on it. This is your employer, according to your Signature, that provides you with good money and conditions and a Safety Focused environment far superior to the average workplace.
If it's a twerp employer, then because it's a team environment, your part of the twerp team.
I think you better get your priorities straight, because you sound like your unhappy working there and insecure in your long-term employment. It's not right that employees should feel thiat way and it must be stressful.
Why are you still working there if it's so bad you need to use the term "twerps". If your unhappy, I suggest you leave and go get a job with some other company that will pay just as high for your particular skills set and qualifications!
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KRviator
Moderator
Joined: Apr 23, 2005
Last Visited: Nov 20, 2008
Location: Cab of a 90 Class
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Posted: Thu Jul 10, 2008 7:40 pm
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| SMMM wrote: | Great attitude.
You get something for nothing, then you dump on it. This is your employer, according to your Signature, that provides you with good money and conditions and a Safety Focused environment far superior to the average workplace. |
Yep. Safety is great, but not at the expense of operational flexibility. And that's what it all comes down to. Safety's great as long as it doesn't impinge on profits, or the running of trains.
You sound like you know what you're doing. So you tell me, what would you do if you found a Brake Certificate that was invalid on the day of the brake exam? Get it re-written? Take the train? Get told "We'll sort it out later" then get told "You can just amend that copy and we'll fix ours" and when you demand a new, valid brake certificate get told to walk 500 yards back along the Port Waratah arrival road without a CSB because we're blocking everything and they want to keep trains running... This is the mentality of some of the so-called "safety-focussed" employees.
| SMTM wrote: | | If it's a twerp employer, then because it's a team environment, your part of the twerp team. |
No. In the eyes of Management, I'm a twerp because I've been taught by people in this company that you don't cut corners, take shyte from management and I stand up for my rights as stated in the EBA that both I, and the company agreed to. I'm not an obstructionist, and most definately not a Union "activist" but I want what we both agreed to at the bargaining table. The company want's me to work upto my 11 hour shift limit. But I want my 40 minutes break. Is that so wrong?
| SMTM wrote: | | I think you better get your priorities straight, because you sound like your unhappy working there and insecure in your long-term employment. It's not right that employees should feel thiat way and it must be stressful. |
Actually, I'm pretty damn happy doing what I'm doing. It's just who I'm doing it for and, more importantly, why. I'm here because I like playing trains. I also want to do it comfortably, safely and to go home at the end of the day. There are those here that don't want that, and some of them are managers.
| SMTM wrote: | | Why are you still working there if it's so bad you need to use the term "twerps". If your unhappy, I suggest you leave and go get a job with some other company that will pay just as high for your particular skills set and qualifications! |
Because, as above, I like playing trains. And, unfortunately, PN are among the safest operators out there, the conduct of some of their employees notwithstanding.
Trainee Driver, Pacific National
Comments made are strictly the opinion of the author and do not reflect the opinions of the ADF, Pacific National, Freight Australia or the Boy Scouts of Antartica.
My fotopic gallery: http://KRviator.fotopic.net |
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ShowMeTheMoney
Assistant Commissioner
Joined: Jul 31, 2006
Last Visited: Nov 20, 2008
Location: dot AU
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Posted: Thu Jul 10, 2008 8:25 pm
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| KRviator wrote: | | So you tell me, what would you do if you found a Brake Certificate that was invalid on the day of the brake exam? |
I would ask for the correct documentation prior to departure! If you are relieved further down the track and someone else picks up an error, everyone will get in the poo for it!
I would rather do the extra walk to be sure myself and fellow employees are not in the poo! It would be very stressful going to work every day knowing I was not following procedures, as you never know when something you bodged last week might alter your employment situation for life!
I know you can't carry everyone in your workplace, however, you can make sure you cover yourself, every day!
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long end
Station Master
Joined: Apr 29, 2006
Last Visited: Sep 13, 2008
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Posted: Thu Jul 10, 2008 10:41 pm
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The knives have come out last few days at pacific national there is blood on the floor ,it is rumoured 260 middle managers have gone or going by friday they gutted the management ,there only 4 business groups and no separate management groups all business groups have to be self sufficient,,also talk there will be business group to be partly or completely sold off
cheers
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ShowMeTheMoney
Assistant Commissioner
Joined: Jul 31, 2006
Last Visited: Nov 20, 2008
Location: dot AU
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Posted: Thu Jul 10, 2008 11:01 pm
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| long end wrote: | | The knives have come out, also talk there will be business group to be partly or completely sold off |
Goodbye Grain, Landbridge and Portlink!
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