galumay
learner
- Joined
- 17 September 2011
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See below \/
I take on board that galumay said it still wasn't expensive when it was priced much higher than this.
unless it has become a bellwether to the wider ( Australian ) economy@peter2 it all seems a bit odd. Support at 1.58 and 1.50 didn't stop the fall and it looks to me that 1.40 support will be a real tester. Fundamentally I can't find much wrong with it.
unless it has become a bellwether to the wider ( Australian ) economy
even now , i am very well positioned hereI think thats reading far too much into the short term volatility in the share price of a micro/small cap business on the ASX! Its still up well over 50% for the last 12 months!
well a serious price drop MIGHT encourage me to increase the holding , but SXE isn't my only holding , so maybe it is a signal to watch other stocks ( in mining services and other industrial , and resource stocks )I have no interest in macro and forecasting. Just buy good businesses and hold them, the rest takes care of itself.
I have even less interest in volumes, turn over, price volatility etc, just noise that distracts from the business of investing.
Why even bother speculating on all these unknowables? Makes no sense to me.
good businesses are still affected by the general economy but they normally handle the changes better
yes , SXE may turn out to be a great winner for me in this digitization/AI fadGreat contracts announcement this morning. (reward for my conviction as per my posts above!)
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it seems so , BUT SXE contracts are ( relatively ) capital intensive , you know parts labour , transport , etc etc compared to the PME ones where most of the costs will be lawyers drawing up the contracts and first class air-travel/accommodation to get hands shaken and ink on paper
speculation ONLYSelected for the Feb25 monthly comp. Due to report Feb 19th and I hope for a +20% spike on the news.
SXE share price has been very weak in spite of the two 100M+ project awards. I'm unaware of any reasons for this weakness. If the company is in great shape then price can go back to the prior highs near 1.90 (currently 1.50). The Feb report will be very interesting.
well if they can persistently pay 2.5 cents a share every six months , i am finally getting a decent return on my 50 (ish ) cent stock , not quite free-carried but halved the holding April 2023 ( to free up some cash )Very strong result for SXE, H1 2025, only red flag is the ridiculous use of bull**** earnings in their reporting, totally unnecessary for such a good business with excellent metrics. Nice increase in the divvy too!
Revenue, earnings and cash flow all very positive. Cash flow particularly strong. A test of their capital allocation skills coming!
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A test of their capital allocation skills coming!
Don't like these bolt-ons. Fire is a good special area though so could be a success.Test passed! SXE with another sensible looking acquisition, hard not to admire management's track record on acquisitions, its been a consistent part of the growth and diversification story. Always nice as a shareholder not to have my pocket tapped and to see what looks like a superior rate of return on retained cash.
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yep ! at a whisker over 50 cents a share , i am happy to sit and watch ( and collect some divs. )Thats fair commentary @Knobby22, they do seem to have done a better than average job though.
I think price has largely closed on value now though, it was one of the cheapest high quality companies on the ASX for a long time, but as they have grown the gap has been closed and I dont think I would be a buyer at current levels, but happy to hold long term.
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