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SDF - Steadfast Group

Discussion in 'Stocks Q-Z' started by System, Jul 30, 2013.

  1. System

    System Administrator

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    Steadfast Group Limited (SDF) is a provider of services to a network of approximately 280 insurance broking businesses across Australia. Steadfast also has a number of investments in insurance brokers within that network as well as underwriting agencies and a joint venture originating premium funding products. Steadfast has developed into Australia's largest general insurance broking network measured by annual premiums placed and number of licensed brokers in its network.

    https://www.steadfast.com.au

    Steadfast Group Limited is scheduled to list on the ASX on Friday, August 2nd, 2013.
     
  2. Knobby22

    Knobby22 Mmmmmm 2nd breakfast

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    Raising has occurred. SPP now for us small guys. Only going to buy 2K. Anyone else own?
     
  3. rnr

    rnr

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    ASF-SDF 2018-08-19.png

    Made a new high on Friday August 17th (although Bearish A divergence is of concern).
     
  4. rnr

    rnr

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    2018-11-11 SDF re ASF.png

    Bearish divergence has since played out a couple of times since the last post and now price is within striking distance of the ATH.
     
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  5. Trav.

    Trav.

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    Hi @rnr

    With the AGM news causing the price to gap up on the 18/10, what are your thoughts that the price will retrace to fill that gap?

    Extract from chairman's address

    upload_2018-11-12_5-31-25.png

    upload_2018-11-12_5-33-20.png

    **Edit - or is there any indicator that you look at to give you confidence the SP will not retrace...Cheers
     

    Attached Files:

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  6. barney

    barney

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    These guys are turning over some serious cash at $75 million NPAT ……

    But …. they have a Market Cap of almost $2.5 billion

    Paid a fully franked divi of 7.5 cents 2018

    Technically the recent sharp rise into what looks a double top looks like close to top of the range …. but there are no rules of course.

    Not my kind of Stock to play around with, but I'd expect a period of ranging and won't be surprised to see a retrace from here @Trav.

    I wouldn't be a buyer at these levels although it looks a solid Company at a glance:) ….
     
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  7. rnr

    rnr

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    Hi @trav,

    I have no idea whether the gap will be filled at some later point in time, although it was a positive to see price retrace the following week and find support at the low of the gap bar.

    In relation to your "edit" question....if @Porper was to post an Elliott Wave chart I would find that info very informative.

    Cheers, Rob
     
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  8. rnr

    rnr

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    !!!
     
  9. rnr

    rnr

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    Hi @trav

    A revised answer to your question from this morning....yes the gap will be filled today ;)

    Cheers, Rob
     
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  10. rnr

    rnr

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    2018-11-12 SDF re ASF.png
     
  11. Trav.

    Trav.

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    LOL well there you go. I didn't think that it would happen that quick !!

    Thanks for getting back to me with the answer :xyxthumbs nice one Rob
     
  12. barney

    barney

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    LOL … I hadn't taken another look at this this arvo … but …. in a word ….. :eek: …. :D

    I did suggest earlier I wouldn't be a buyer at "these" levels ….. those buying at near $2.70 however will probably do OK:p
     
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  13. Porper

    Porper Ralph Nelson Elliott

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    A relatively newly listed company so not loads of data to work with. My take is that a high is near as wave 5 should be in place shortly if it isn't already. A healthy retracement would offer a good buying opportunity though. Lack of volume is an issue for me as it causes volatility like yesterday, although it was a positive close on increased volume which is good.SDF.png
     
    Last edited: Nov 13, 2018
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  14. rnr

    rnr

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    Hi @Porper

    Many thanks for taking the time to provide an EW perspective on Steadfast, very interesting and really appreciated.

    Cheers, Rob
     
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  15. $20shoes

    $20shoes

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    It has been a while since we've had a post on SDF. Price has been ranging for a few weeks now but there's a bit of churn in there. Some might find a reasonable R/R on a breakout above 3.26 and shortly above that she'd be trading at blue sky highs. One to watch.

    SDF2019-04-15 22-17-26.jpg
     
    Last edited: Apr 15, 2019

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