Agility gets new contract August 25, 2008
Posted by mylastresort in analysis.Tags: Agility, Contract, Gulf, investment, kuwait, Tenders, US Military
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Kuwaits Agility, the Gulf’s largest logistics company, has just announced that it had won a contract worth $140 mil over the next 7 years with the US Marine Corp. Agility is expected to store, distribute, and maintain exquiptment at 20 US bases around the world. The contract is valid for 1 year but can be renewed for up to 7 years.
Stock price unchanged as of the announcement @ 1.080
Agility surges 10% in one day May 28, 2008
Posted by mylastresort in analysis, rumors.Tags: Abdulmohsen al-Bahar, Agility, Contract, Dollar, Kuwait Stock Exchange, Kuwaiti Dinar, Noor Investment, US Military
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Shares of Agility end up almost 10%, making its biggest single-day jump in at least 2 years, after the company stated it won a U.S. military contract worth $2.8 billion.
“There were rumours that the United States will not renew that contract, but today when the company announced its renewal, the share price has surged after it had fallen on the previous rumours”
– Abdulmohsen al-Bahar, Noor Investment
Agility is expected to keep its run up for another 150 fils at least before its first correction. My bid to buy at market rate ended up in the dust when the stock began trading at limit high this morning.
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