CSR appears to have broken out of its long downtrend, and has made a couple of higher lows in recent months. Main business is building products and aluminium - neither of which I would have thought was booming at present. Is the share price increase due to better expectations for these areas in the future, or have there been management changes etc? A Google search hasn't produced much and I'm wondering if now might not be a good time to buy a small parcel. If we are at the bottom of the real estate market then CSR is well-placed to take advantage of an increase in construction activity?
CSR - CSR Limited
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CSR appears to have broken out of its long downtrend, and has made a couple of higher lows in recent months. Main business is building products and aluminium - neither of which I would have thought was booming at present. Is the share price increase due to better expectations for these areas in the future, or have there been management changes etc? A Google search hasn't produced much and I'm wondering if now might not be a good time to buy a small parcel. If we are at the bottom of the real estate market then CSR is well-placed to take advantage of an increase in construction activity?DocK, this chart also grabbed my attention.
The down days appear to be on low volume which I take as weakness. My only concern is the depth of this current low, provided it stays aboue $1.56 I can see some upside. My first profit target would $1.95.
The down days appear to be on low volume which I take as weakness. My only concern is the depth of this current low, provided it stays aboue $1.56 I can see some upside. My first profit target would $1.95.
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Any thoughts on the direction of CSR.
Been tracking this stock and think it may well climb tomorrow. Any thoughts?
Been tracking this stock and think it may well climb tomorrow. Any thoughts?
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CSR Limited Half Yearly Report and Accounts - 30 Sept 2013 (click on link to see the document):-
http://stocknessmonster.com/news-item?S=CSR&E=ASX&N=767298
http://stocknessmonster.com/news-item?S=CSR&E=ASX&N=767298
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Daily P&F Update:-
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I was just doing some "what would I pick if I wanted to play Buffett style - good company at a reasonable price" and reduced the entire ASX down to this stock. I didn't realise until afterwards that I do hold this stock (for other reasons) since May '16 - but given that it came up on this fun look at 'quality businesses' I'd be interested in any of the fundamental analyst's views on this company.
greggles
I'll be back!
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CSR pushing through $5.50, a long term resistance level. Hard to believe this was almost $1 back in 2012.
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Apart from the last week whats the cause of CSR dropping from ~5.70 to ~3.50 this week?
or is it just housing market going south?
or is it just housing market going south?
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@So_Cynical In response to your query, Is it time for housing materials to bounce of their lows?
(JHX, CSR, BLD, ABC) Their charts are looking much more bullish now, although I wonder if the reduced real estate valuations will hinder this group from advancing.
They lag the general market and I'd prefer to be looking at those that have rallied over the past two weeks. However for the far sighted, deep value investors (crushed price bargain hunters) this is an opportunity.
(JHX, CSR, BLD, ABC) Their charts are looking much more bullish now, although I wonder if the reduced real estate valuations will hinder this group from advancing.
They lag the general market and I'd prefer to be looking at those that have rallied over the past two weeks. However for the far sighted, deep value investors (crushed price bargain hunters) this is an opportunity.
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My last post (arrowed in wkly chart) was spot on for timing as CSR went from 3.10 to 5.00 in the year.
Now there's another broad base opportunity.
Now there's another broad base opportunity.
over9k
So I didn't tell my wife, but I...
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What caused the dip before it?
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The dip in early June 20 ? Hard to say (other than there where too many sellers) as this was before the AGM and there was no news announced at that time.
Just noticed that there were three consecutive big down days in the XAO so perhaps it was general market bearish sentiment. Lock down news?
Just noticed that there were three consecutive big down days in the XAO so perhaps it was general market bearish sentiment. Lock down news?
over9k
So I didn't tell my wife, but I...
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Bloodbath on the NYSE. Massive tech rally after zoom reported earnings at 400% of estimates, then armageddon the next day when I think it was docusign which reported earnings after close the previous day at "only" 20% above estimates or whatever it was. Worst two days since march. Nasdaq did 5% in a single day.
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A bit late but looks promising.
Please DYOR.
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@SuperGlue nice break of $4 on Friday by CSR and looking pretty strong, I can't fault this one as well.
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Having second thoughts of adding CSR to my Super tomorrow (Monday) after looking at Dow Jones down 244
Maybe wait hmmmm...for a pullback.
Just my 2 cents thought.
Please DYOR
Maybe wait hmmmm...for a pullback.
Just my 2 cents thought.
Please DYOR
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I didn't know what the Dow Jones would've done on Friday night, because I had just bought CSR shares for the Speculative Stock Portfolio the same day
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I didn't know what the Dow Jones would've done on Friday night, because I had just bought CSR shares for the Speculative Stock Portfolio the same day
When the system says buy or sell we have to pull the trigger.
We can’t be watching the market round the clock.
Normally I’ll check the US futures on Marketwatch and Dow Jones chart to get an idea of what the market will do tomorrow just before Oz market closes.
Not always right but good to know.
DJI futures currently down approx. 550
I didn’t buy CSR today, good to see it’s in the green.
Please DYOR
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