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SND - Saunders International

Discussion in 'Stocks Q-Z' started by So_Cynical, Oct 22, 2009.

  1. swalk88

    swalk88

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    Strip out the legal payout adjusted for tax and you will notice that the result is rather poor quality (no increase in NPAT due to rising costs/lower margins). I'm out and looking for a better entry point.
     
  2. galumay

    galumay learner

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    SND have had a really nice run up since I bought at the beginning of June - up nearly 20% to a close of $0.87 today, I cant find any other news beside their profit guidance on the 4/6, but I am not complaining!

    Has anyone heard anything else to explain the run?
     
  3. galumay

    galumay learner

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    Great numbers out in the annual report NPAT up nearly 30% this year and revenue up 30% in line.

    Nothing unexpected given previous announcements, but good signs for next year as well, share price has been strong this year and they are one of my best up 40% since i bought in June.
     
  4. piggybank

    piggybank

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    SNDs.gif
     
  5. So_Cynical

    So_Cynical The Contrarian Averager

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    ~
    Everyone loves a new all time high...especially when its a stock you hold, and have an open position in :)

    Still holding the above trade so im over weight SND in my portfolio...164.44% open profit on my whole SND position (2 parcels) and do i wish i had gone harder.
     
  6. galumay

    galumay learner

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    Yep, one of my best performers too. Wonder what caused the spike today?

    Edit, this i guess!

    "Saunders International Ltd (ASX:SND) is pleased to announce that it has received two (2) Letters of Intent for new projects in NSW. These are expected to lead to fully executed contracts to the value of approximately $18 million."
     
  7. So_Cynical

    So_Cynical The Contrarian Averager

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    2014 Full Year Financial Report out today...highlights below.

    • Revenue up 14.6%
    • Net Profit up 10.2%
    • Full year dividend up 20%
    • Cash 19m
    • Debt 0

    http://www.asx.com.au/asxpdf/20140820/pdf/42rm1ldml5f745.pdf

    Interesting spin on the outlook, next 6 months behind the last 6 months and some concern over 3 refinery's closing down and the impact that will have on revenue, countered by the fact that most of the refinery tanks will be converted to import fuel storage and that some multi nationals are planning to build new fuel import storage facility's.

    Bottom line for me is that Australia needs fuel storage tanks and that's what Saunders does, so long term all is well.
     
  8. galumay

    galumay learner

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    Yes, nice little company, its been one of the star performers in my portfolio, very solid fundamentals, no debt, cash, competitive advantage and strong earnings. Nice bounce in the divvys too.

    Tightly held by management and liquidity could be the only concern, but its a long term hold for me so its not really an issue.
     
  9. goccipgp

    goccipgp

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    Both MACD and Stochastic Oscillator at au stoxline go green. Looks like there was an opportunity to make money here. Six months target: 1.145
     
  10. tinhat

    tinhat Pocket Calculator Operator

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    SND is on a trot following full year report and increased dividend. It broke out today above it's previous high of December 2013. Looking good on daily, weekly and monthly charts. A lot of work tendered for and the expectation is that there is a lot of tank conversion work coming up to convert refinery tanks to petrol storage tanks.



    snd.png

    Ignore random crosshair lines. Left my mouse pointer on the chart when taking screen shot.
     
  11. galumay

    galumay learner

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    Its been one of my more solid performers, been on a trot for the last 12 months really. Shows there is value to be found in the mining services sector. All the fundamentals are there with this company, well managed, competitive advantage, no debt, steady growth.
     
  12. galumay

    galumay learner

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    Ann announcement this morning sent SND into freefall,

    http://www.asx.com.au/asxpdf/20150128/pdf/42w6qp90srzb5y.pdf

    Nothing really to worry about if you understand the company well, none the less it free fell from 95c to 66c, i noticed the drop on delay, checked the announcement and placed an order, but I was far too slow!

    Its already back to 76c - would have been a nice little day trade for those that got in at 66c

    I guess its partly a consequence of tightly held companies with low liquidity, oh well, there is always next time the so called rational market absolutley gets it wrong!
     
  13. qldfrog

    qldfrog

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    in 67c out 73c conservatively as it might fall again tomorrow
    crazy considering the news were not bad but hell that was nice pocket money today for me
     
  14. galumay

    galumay learner

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    Good move qf, i wish I had caught it at the bottom. I doubt it will fall again, but your money is in the bank anyway!
     
  15. So_Cynical

    So_Cynical The Contrarian Averager

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    Still one would have to think there is some risk, POO in collapse, resulting in industry spending delays, resulting in falling revenue for SND.
     
  16. galumay

    galumay learner

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    Yep, no doubt there will be some impact of the downturn, but they were already an undervalued company, probably due to size and lack of liquidity. I got in a while ago at 76c so once they recovered to over 70c there was no point in me adding to my substantial holding at basically the same price.
     
  17. tinhat

    tinhat Pocket Calculator Operator

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    Lincoln Indicators dropped it as a star stock as soon as the guidance was released, which means their fund would have sold out immediately as well as quite a few of their stock doctor subscribers. Given it is a small cap with illiquid trading, the drop in price is not a surprise. I don't think sentiment will be behind this stock in the short run. I also sold out for a small loss. My portfolio is suffering enough volatility right now and I think there are safer bets.
     
  18. tinhat

    tinhat Pocket Calculator Operator

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    Correction to my post above. SND would not have been in the lincoln funds because it would not have met their liquidity of trading value test for the funds.
     
  19. So_Cynical

    So_Cynical The Contrarian Averager

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    Placed a buy order in late July at 0.51 - got taken at today's open and decided to sell most this afternoon at 0.564 (average) a surprise day trade that took a month to come along :).

    Dividend to come.
     
  20. galumay

    galumay learner

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    Nice trade! They pay a decent divvy too so thats a bonus. Obviously with the results to be released next week someone has had a peek - up 7% on a day the market is tanking.

    This is such a good little company, its the one in the sector I have the most confidence about. I should probably have loaded up some more of these in hindsight.
     

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