CSR - CSR Limited

[ozambersand]

CSR have completed their buy-back of 37,374,815 shares at between $2.79 and $3.43.

CSR stand at $3.60.

No they don't they slipped to $3.51 by the close.

Recently there have been more buyers than sellers, now it is 2,200,000 sellers to 615,000 buyers. So watch the stock fall more.

That's what happened to Brambles as soon as the company finished its buy-back. (plus a negative earnings report)

 

[noirua]

Well, CSR have slipped further from $3.60 to $3.30 this morning, not helped by recent declines in markets.

Only news are the discussions to purchase DMS glass and the raising of their stake in CSR by IOOF Holdings, from 5.025% to 6.123%.

Needs more positive news that seems to be very scarce at the moment.

 

[Brengun]

CSR seems to be STILL dancing the Limbo.
Closed on Fri 14/09 at $2.98. Very high recent 27m to 31m volume trading.
Perhaps this is as low as it can go?

 

[noirua]

CSR are starting to recover from a very downtrodden position and my faith in this one has proved to be very much misplaced.

Still, the position now looks set rather average, though this is an improvement on the poor position of the last 12 months.

What now for CSR. Probably a continuation on the recent recovery, in the stock price, even though it may be a bit of a grind.

Trading at $3.25 at the close on Friday after a low of $2.95 quite recently.

 

[vishalt]

I reckon that CSR is going to be one of those turnaround stories, but I think it also needs the news first because its a bit of a silly business, but I think the management can pull through. lol @ aluminum AND sugar AND glass?

Anyway I'd like to see it break its stagnant trend first.

 

[Dutchy3]

Big white today and looks like a move starting out of a bit of a bottom pattern. Long on the close for me via CFD. No real volume kick though so will have to keep this in mind when allowing this one to develop.

 

[noirua]

CSR are starting to recover from a very downtrodden position and my faith in this one has proved to be very much misplaced.

Still, the position now looks set rather average, though this is an improvement on the poor position of the last 12 months.

What now for CSR. Probably a continuation on the recent recovery, in the stock price, even though it may be a bit of a grind.

Trading at $3.25 at the close on Friday after a low of $2.95 quite recently.

The upward grind continues and now at $3.41. Looking pretty average at these price levels and even the $3.60 level may take sometime to achieve. Still, it is an upward crawl, but certainly not a march.

CSR completed a buy-back in July this year and gave away 20 cents the year beore. Raising cash to make a purchase not that long after doesn't muster confidence.

 

[vishalt]

CSR is looking really good.

Broke past that downtrend line, anything up with it?

It's a going to be a good turnaround company.

 

[blossom]

Just wondering how I was able to buy CSR shares for $3.06/share, when the market price was $3.30 something. It was a current shareholder offer, so I bought the max allowable. No fees or brokerage either. Seems to me that I have made a small profit on them.
A gift.. or a gift horse? I think I have either found a gift.. or bought a mule!

 

[noirua]

Just wondering how I was able to buy CSR shares for $3.06/share, when the market price was $3.30 something. It was a current shareholder offer, so I bought the max allowable. No fees or brokerage either. Seems to me that I have made a small profit on them.
A gift.. or a gift horse? I think I have either found a gift.. or bought a mule!

Hi, The shares were offered at an average price over a period of time and CSR then discounted the price by about 5%.

 

[noirua]

Poor sugar results and the strong Aussie Dollar have crucified CSR in the first half. Only thing holding the stock up is the possibility of a bid.

http://www.aireview.com.au/index.php?act=view&catid=8&id=7206&setSub=1

 

[daaussie]

on friday, CSR hit a bottom and looked positive. I picked it up at 3.02 (close to bottom). Anyone know why the sharp rise on friday to 3.08 (backed off the close at 3.04)?

 

[noirua]

CSR appear at the end of cash raising plans, and recent management changes put them on a firmer footing. Today, trading at $3.15, up 4 cents, they look to be getting ready to test the $3.35 level, shown as quite important on Post #146.

 

[SGB]

they look to be getting ready to test the $3.35 level, shown as quite important on Post #146.

Agree noirua, just confirmed a double top. Sugar prices have also been going up which is in favour for stock.

 

[ROE]

I bought in at $3.50 then sugar price gone south ever since and management reckon 2008 sugar price would stay low.. Hopefully with rising petrol
and other factors make sugar price go up again
or buy an extra kilo of csr sugar every time I go shopping

 

[noirua]

CSR are looking strong today at $3.17, up 9 cents. Management changes earlier in the Month and last years cash raising may be increasing confidence.

 

[DionM]

Yes, surprising CSR has been doing okay, in fact for a while there it was one of my underperformers, but has held up well.

Is it due to takeover speculation, or are people recognising the fundamentals? I thought I read somewhere that CSR would be in a strong position in 08 regarding sugar products for use in ethanol/fuel. Wish I could find that quote.

 

[ROE]

CSR has a strong run up in for a few days now, what's going on? maybe some goods news will come out soon in the gloomy market

 

[noirua]

Hopefully, all this sugar is going to come good in the end. Australia still has a lot to do on the alternative fuel front and CSR should be well in the running on biofuel production.

 

[noirua]

At last CSR seem to be breaking firmly out of their 18 month bear trend at $3.34 today. Sugar trades around US$14.20 and should climb with commodities like wheat, cotton, corn etc.,