SND - Saunders International

[galumay]

So glad I calmed down a fretting galumay a few years back. He was fretting and on the verge of cashing in his chips.

I ended up selling out last year a bit north of $1, wanted some cash for a project and i felt like it was pretty fully valued at that point.

 

[finicky]

Yeah, I know galumay.

 

[finicky]

A bot has sold me 1 share @ 90c. Another frenetic day for me.

 

[finicky]

Briefly traded @ 88c today on 4,796 Dly volume. That price is a 12 month low.
So I'm dangling a line from tomorrow for 3,000 more @ 0.86 where there's an empty space.
No accounting for taste. As said, my benchmark is 96c being price at which SND did its cap raise back in November to support the 'Piping Solutions' acquisition.

Held and Holding

 

[divs4ever]

A bot has sold me 1 share @ 90c. Another frenetic day for me.

View attachment 174118

aah , the joy of part-filled orders , i remember that well ( because i just finally filled one today )

but such is life in the 'level playing field ' called the ASX

BTW one of my platforms me informs i still owe for a buy settled yesterday AND they extracted the money yesterday evening as well from the account , maybe the electrons have gone on strike over there

i LOVE the electronic age , it is the source of so much amusement

 

[Dona Ferentes]

aah , the joy of part-filled orders , i remember that well (because i just finally filled one today)

but such is life in the 'level playing field ' called the ASX

you're just up against smarter people, with deeper pockets and different agendas.

 

[finicky]

Belatedly noticed that my sitting order for 3,000 more SND @ 0.86 filled yesterday. Took a month. Price plumbed a new 12 month low @ 0.855 on about 27,000 volume. Very sleepy stock which is accomodative to accumulators. Get paid an ok dividend while waiting out the downtrend. Not presently a chart buy.

Held
Accumulating

WEEKLY

 

[finicky]

SND up 7% today on a bridge building contract announcement. It's still only at 0.89 though and caught within a one and a half year downtrend channel.

One to add during bad times as a sort of journeyman stock doing essential work that will still benefit from government spending. This contract funded by three layers of government.

Cheap but sleepy stock that should continue to pay at least 3.5% ff div and if you bought a mere 15 years ago like So_Cynical it would have given you 3 x growth! (See o.p that I just spotted)

Proudly Held

WEEKLY to show downtrend

 

[finicky]

FY24 Results

Bit disappointed. Statutory EPS down 6% on FY23.
Thought the two acquisitions would have more bite for the year. When you take away extra employee expense from the small revenue increase it's a net negative.
Cash well up
Non current Lease liability well up - explained.
FY25 Guidance is just air.

Held
Holding

 

[divs4ever]

got my exposure to this ( and BRI ) via the purchase of NCC ( a LIC )

time will tell if that was the right strategy ( i wanted some exposure to both companies )

Substantial Shareholders List As of 30 Jun 2023​

NAME	SHARE HOLDING	SHARES HELD (%)
Naos Asset Management Limited	26,431,554	24.57%
Bryant, Desmond	24,316,811	22.58%
Anacacia Pty Limited	12,369,453	10.62%
Timothy Burnett	11,686,311	10.85%

 

[galumay]

My exit from SND has turned out to be pretty timely, pure luck though. Sold to buy a car, not really for any fundamental reason.

 

[finicky]

Starts 1.32.53

 

[finicky]

SND @ 0.815

Passed by Sleepy Hollow today and saw Saunders on offer @ 0.815. That's better than any of my buy prices for over a year so tacked on a other 2,000 shares.
The chart is a bit ambiguous as the stock is trading near the 80c lower level of a 6-7 month trading range but that range could break either way. It does gives an appearance of crawling out of downtrend resistance and momentum is diverging positively, but nothing emphatic and I'm allowing for a down break to say 0.75.
Should pay a 5% ff yield on this price and not long ago I listened to a dated address by the M.D and it left a positive impression. I seem to remember that it soothed some doubt for me about why the recent acquisitions were not reflected in much higher revenue in FY24? Will have to rewatch.

Held
Holding for income

WEEKLY not showing today's move

 

[finicky]

SND @ 0.765

That's recent support broken. Volume 320k shares transacted. I'm now seeing 0.70 as one likely target. Strange, but I'll probably be in for more if it gets there.

Held
Holding/Accumulating

DAILY

 

[finicky]

I was on the verge of buying more of these but it reversed too quickly. It has moved decisively outside its downtrend of almost two years. However this week's candle (incomplete) is shaping up as a retracement one and this is in the context of 6.8 million shares being released from escrow on 2 January. Depends on how keen the 'Piping Solutions' acquiree is with their passive investment in the acquirer (SND).
As seen above, just a few hundred thousand shares transacted can drop the price significantly and on/after 2 January we have a rogue 6.8m potentially bleeding into the sell side. It makes the last three weeks of rally a bit sus imo. The ex chairman Timothy Burnett has been pissing 1.5m shares into the market over the last two months too.

Held
Lean to accumulate

 

[divs4ever]

my exposure to SND is ( mostly ) via the LIC NCC ( where i have a top-up order in the market )

while i prefer the current strategy , price weakness in NCC or SND , may easily bias my buying

( thanks for the heads up )

cheers

i do not hold this share directly but do hold several LICs that target small/mid-caps ( including NCC )