CSR - CSR Limited

barney · 10 September 2006

Porper said:
Barney,

I use Twiggs money flow as I use incredible charts, also this indicator takes into account gaps, where as the Chaikin doesn't.I use it quite a bit and find it to be correct more often than not (for type A divergence.) For trend reversals, you can use RSI, MACD or the slow stochastic, they should give more or less the same results.

Like I said though I am not a great believer in indicators, and they can contradict each other quite a bit.After practice you can look at a chart and get the picture without needing indicators that much in my view.

Thanks Porper, I hear others say the same thing re "getting the picture" without too much emphasis on indicators......I guess I am trying to get some "reassurance" from the chart to back up the gut feelings (unfortunately my "gut" can be a little off colour at times......)

Re CSR....I was reading last night that sugar is down 25% this year ...CSR still made good profit overall but down on expectations..........so I guess that could have more bearing on the sp than anything.......Working on that scenario I think your longer term "bearish" outlook seems more likely........might have to retract my opinion of CSR being up by the end of the week!!! Mon or Tues should give a clearer short term pic. Cheers.

noirua · 13 September 2006

CSR Ethanol Expansion Celebration of Sarina Distillery. Cost $15 million and will produce an extra 32 million litres of fuel grade ethanol. CSR received a Federal Grant of $4.2 million and a Queensland grant of $250,000: http://www.asx.com.au/asxpdf/20060904/pdf/3y968m8497n0v.pdf

Fab · 19 September 2006

When are CSR results due? I thought all results had been announced but I can not see anything about it.

noirua · 6 October 2006

M & G Investments have announced a substantial holding - 5.09% - in CSR Limited. 44,850,000 shares, purchased between 11th July and 27th Sept 06.

Ken · 6 October 2006

my take on CSR is:

csr are a quality company. price of sugar has dropped significantly since its highs. Not the worst time to get in on them i wouldnt think.

Pays good Dividends always a bonus.

i dont know if they will get back to $2.80 range, but even at $3.10 they are slightly undervalued.

thats just my view. i am probably wrong.

daaussie · 9 October 2006

from $4.50 to its lows of $2.80. Now back up to $3.10 so quickly. Will it go back to $4.50?
i bought in at 3.12/

Ken · 9 October 2006

How long do you plan on holding?

as 3-5 year stock at current prices with the current dividend forecast i think it offers good exposure to an alternative fuel source.

Whether it hits old highs price of sugar will have a jor impact i would have thought

daaussie · 16 October 2006

i intend to hold 3-6months unless the stock has a major development as far as ethanol goes.
also with their dividends its pretty good price right now.
just now at 10am 16 Oct the stock is rallying at 3.12 mark. We should see if it goes to 3.20 soon...

Fab · 18 October 2006

Yep. CSR keeps on going up and up and up

noirua · 18 October 2006

Fab said:
Yep. CSR keeps on going up and up and up

Looks very positive now after the collapse from over $4.00 not that many moons ago - sugar price had quite a bit to do with that.

Kauri · 21 October 2006

Don't want to jinx CSR but I'm still waiting for her to retrace back into my buying zone... :hide:

noirua · 23 October 2006

Kauri said:
Don't want to jinx CSR but I'm still waiting for her to retrace back into my buying zone... :hide:

Will be interesting to see if you get the chance. Predictions are bullish for the ASX, once the interest announcement is out of the way midweek. As you know, CSR are continuing their buy-back that is helping the CSR stock price.

Eyes are on the sugar price and whether CSR are able to get their Ethanol Plant running up to expectations this year.

Your chart does show that CSR have broken out of the top of the recent range and only bad news or a market set-back is likely to put it back to the bottom of your buying area.

daaussie · 23 October 2006

I sold my CSR at 3.19 only to see it rise to 3.27 the next day. damnit. Anyhow I don't understand why companies like csr buy back their own shares. Is it to increase the value of the company, ie each shareholder actually owns more of the company and gets more profit and hence dividend?
I invested my dollars into IDL which appears to be a great business with great growth potential and profit for its price!

noirua · 23 October 2006

daaussie said:
I sold my CSR at 3.19 only to see it rise to 3.27 the next day. damnit. Anyhow I don't understand why companies like csr buy back their own shares. Is it to increase the value of the company, ie each shareholder actually owns more of the company and gets more profit and hence dividend?
I invested my dollars into IDL which appears to be a great business with great growth potential and profit for its price!

Hi daaussie, companies always say that they can see no better investment than their own shares. You are right about the profit and dividends as well. Companies sometimes have second thoughts along the way and the buy-back starts to stall a bit, though CSR'S seems quite solid.

Industria Limited is on the up and looks an excellent choice, no thread on ASF yet - Good Luck.

Fab · 23 October 2006

I almost sold my CSR at $3 when they went down after announcing they would not meet their profit target. I am actually surprised they are rising quite strongly as all the so call specialists appeared to say that there was better value elsewhere. I am quite happy to hold and at least wait for the dividend

GreatPig · 4 November 2006

After a bit of consolidation over the last few days, CSR looks like it might be about to start another leg up.

$3.50-ish could be the next resistance level.

Cheers,
GP

noirua · 5 November 2006

GreatPig said:
After a bit of consolidation over the last few days, CSR looks like it might be about to start another leg up.

$3.50-ish could be the next resistance level.

Cheers,
GP

The annoucement of a new MD for CSR, Mr Jerry Maycott, seems to have been greeted well by the market: http://www.asx.com.au/asxpdf/20061102/pdf/3zdj6437b6f7c.pdf

Fab · 5 November 2006

Even before the annoucement of the new MD CSR started its recovery. After losing a fair bit and going under the $3 mark after annoucing their forecast result. This one is a slow achiever compare to all the resources stocks that are booming.
Good to have in portfolio

GreatPig · 8 November 2006

The report's not being taken too well.

Down more than 6% at the moment.

GP

noirua · 8 November 2006

GreatPig said:
The report's not being taken too well.

Down more than 6% at the moment.

GP

This link shows the problems for CSR in the building and sugar related sector: http://au.biz.yahoo.com/061107/19/ynfa.html

I have sold immediately as the bearish report looks very negative for CSR.

CSR - CSR Limited

barney

noirua

Fab

noirua

Ken

daaussie

Ken

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noirua

Kauri

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