Looking at the trend I think someone may take a stake into CSR, will find out when they finish buying.
My guess it could takes up two 2-4 weeks for them to finish with their purchase.
CSR - CSR Limited
- Thread starter mista200
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Looking at the trend I think someone may take a stake into CSR, will find out when they finish buying.
My guess it could takes up two 2-4 weeks for them to finish with their purchase.
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CSR remain quite firm at $3.40 today despite no news for many months. Sugar and biofuels are key factors here as well as the assets purchased some six months ago.
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CSR may have an interesting future if Dr Marc Faber's comments on how bullish he is about sugar comes to pass. His forecasts of a US$100 oil price and US$1,000 gold price for 2008 are among so many of his correct forecasts.
Despite weak markets in general, CSR are among the brighter ASX100 stocks, imho.
Despite weak markets in general, CSR are among the brighter ASX100 stocks, imho.
Dr Marc Faber's I seen various of his article around and really never pay too much attention to it until he was on Lateline business last week.
I thought this guy was excellent, very knowledgeable and knows his stuff and sound like a genuine down to earth guy.
Another smart guy, now I listen when he talk
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No news for 5 months from CSR and the stock stays firm in very weak markets. Closed the week at $3.33 and may be just the stock to hold with its sugar/biofuel interests.
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CSR's Hebel and its position in the companies building portfolio: http://www.asx.com.au/asxpdf/20080331/pdf/3189c0y6r90s13.pdf
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CSR remain quite a solid stock, yielding 4.7% (15 cents, partially franked) on a PE 10.4. The dividend has stood still of late but CSR are forging ahead with purchases and Bio development. All this should come to fruition in a year or two.
I bought into the weakness, paid below $3 for it - good roe and solid dividend yield, pretty consistent earnings and diversified business, though I feel this years earnings will disappoint, so I'm prepared. Sugar prices fell sharply recently after a good rally with volumes, but didnt break down below support. This one dropped off the radar again for whatever reason.
Marc Faber is a genius, and if you speak to him, you'll realise he's also very very down to earth. Enormous respect!
Marc Faber is a genius, and if you speak to him, you'll realise he's also very very down to earth. Enormous respect!
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CSR Final Results: http://www.asx.com.au/asxpdf/20080514/pdf/3193mcxczpb59r.pdf
Video starts at 10amEST: http://www-waa-akam.thomson-webcast...fd&portal_id=e3751324ba7f19599a7900859f4f2dd3
Video starts at 10amEST: http://www-waa-akam.thomson-webcast...fd&portal_id=e3751324ba7f19599a7900859f4f2dd3
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was wondering when this would get noticed ...... i hold as a trade and on t/a only came off a nice lil base and will move trailing stop up to suit
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As a newbie to the stock market, this was one of the first trades i made, thought it was good value, got the divvy, price fell very soon after..........late April, you work it out. I planned on making 10% profit on all my trades and this one is one i hope will pop soon........geez, the dole doesn't much, i need a sell soon.
ans25 - volumes doesnt support a rally ... , though its a breakout from the downtrend, it may very well trade sideways yet for a little while until the housing construction industry returns to normal and or a recovery of sugar. Not sure if the ethanol ramp up is quite enough. I do like the business and am a holder - but I'm in it for long but I'm not quite sure the charts are stating a rally is about to begin.
Wouldn't mind hearing your opinion on the charts in more depth ...
Wouldn't mind hearing your opinion on the charts in more depth ...
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The old bid talks as the CSR share price moved towards $4.00 seem to have gone away, or have they? Probably they've hibernated but Spring approaches, and at around $2.20 a share interest may be returning.
Like the US Dollar, the time comes when news is just not bad enough to continue the downward trend.
Like the US Dollar, the time comes when news is just not bad enough to continue the downward trend.
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After plumbing the depths below $2.00 CSR are now $2.48. The share price just fell so low that the news was not bad enough to force it lower. A forecast that CSR will move back nearer $3.00 was enough for markets.
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Both friends together are CSR and the US$. Both recovering from a terrible downward trend. The falling Aussie$ looks to have been timely for CSR, just in time in fact.
