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SXE - Southern Cross Electrical Engineering

Discussion in 'Stocks Q-Z' started by Joe Blow, Jun 24, 2010.

  1. Joe Blow

    Joe Blow Administrator Staff Member

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    Southern Cross Electrical Engineering Limited (SXE) is a supplier of large scale electrical and instrumentation installation services for major resources, infrastructure and heavy industrial projects in Australia and overseas.

    http://www.scee.com.au
     
  2. piggybank

    piggybank

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  3. piggybank

    piggybank

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    SSXEEs.gif
     
  4. ROE

    ROE

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    I mange to pick up this one cent from the bottom
    With all the negativity around mining service this could prove a cheapest stock around. ...
    Result next week ...massive volume last 2 days ...no profit revision so they on track for a good result...
     
  5. tinhat

    tinhat Pocket Calculator Operator

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    The candle after today's close doesn't show much result for that huge volume of turnover. It certainly hasn't shown any sign of breaking from the down-trend yet but the spikes in volume in trading this year look promising. This stock actually came up on my radar in a scan a while ago now, I recognised the stock code. It probably would have been in the last quarter of last calendar year.

    Good luck with it. Please keep us up to date with the news.
     
  6. ROE

    ROE

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    I don't buy based on charts and have little knowledge of it -:) I followed this one for a while, it keep drift lower and lower for no reason just sentiments .... It has reasonable cheap workforce and earnings ...it has training and program in place get get qualified Filipino workers...
     
  7. ROE

    ROE

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    The diamond in the rough
    profit up 45% ...margin up, healthy cash balance.
     
  8. skc

    skc Goldmember

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    Not a bad little outfit, however operating cashflow was negative due to increased working capital (more receivables, less payables). May be that's why the market marked it down a tag today.
     
  9. skc

    skc Goldmember

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    Big profit downgrade a month after the interim report. Full year NPAT in the range of $7-10m. Considering H1 was already at $6m, the low end of the range means the company will be barely profitable in H2.

    Management citing delay in contracts and reduction in gross margin. As with most contracting buisnesses, it's hard to gauge whether this is a one-off or something more serious.

    I also wonder whether this was somewhat foreshadowed in the H1 financials... there must be someone out there who's done some analysis on "large change in op cashflow" vs "likelihood of downgrade in the next period".
     
  10. ROE

    ROE

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    I manage to ride from 70c to exit in the 82 and out quick 17% return....very decent return on my parcel
    Dont like hanging around these business long, if I spot it reasonable cheap ... I get the gain I am out
     
  11. skc

    skc Goldmember

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    Nice work and very nimble of you.
     
  12. ROE

    ROE

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    coming back under 50 following the director move :)
     
  13. ROE

    ROE

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    Thanks for a nice ride again ..another few K profit :)
     
  14. pixel

    pixel DIY Trader

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    SXE is about to go ex-div tomorrow; including Franking Credits, it's just shy of 4c.

    SXE o 17-09-14.gif

    That would explain the early 4c rise.
    But going by the chart, recent range trading could make around 60c a rewarding entry.
     
  15. galumay

    galumay learner

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    SXE performing very well, results for the full FY showing the growth from the acquisition of Heyday and the program of diversification from the mining sector. Dividend reinstated and my new range of IV is around $1. Up about 7% today to 77c, i bought in at 50c and have held for a couple of years.
     
    McLovin likes this.
  16. galumay

    galumay learner

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    Good result for SXE posted today, missed their revenue guidance slightly but all metrics up strongly, looks like the Heyday acquisition has bolted on well. Good execution from management.
     
    Smurf1976 likes this.
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