SXE - Southern Cross Electrical Engineering

[Joe Blow]

Southern Cross Electrical Engineering Limited (SXE) is a supplier of large scale electrical and instrumentation installation services for major resources, infrastructure and heavy industrial projects in Australia and overseas.

http://www.scee.com.au

 

[piggybank]

AGM Presentation - http://stocknessmonster.com/news-item?S=SXE&E=ASX&N=654415

 

[piggybank]

 

[ROE]

I mange to pick up this one cent from the bottom
With all the negativity around mining service this could prove a cheapest stock around. ...
Result next week ...massive volume last 2 days ...no profit revision so they on track for a good result...

 

[tinhat]

I mange to pick up this one cent from the bottom
With all the negativity around mining service this could prove a cheapest stock around. ...
Result next week ...massive volume last 2 days ...no profit revision so they on track for a good result...

The candle after today's close doesn't show much result for that huge volume of turnover. It certainly hasn't shown any sign of breaking from the down-trend yet but the spikes in volume in trading this year look promising. This stock actually came up on my radar in a scan a while ago now, I recognised the stock code. It probably would have been in the last quarter of last calendar year.

Good luck with it. Please keep us up to date with the news.

 

[ROE]

I don't buy based on charts and have little knowledge of it - I followed this one for a while, it keep drift lower and lower for no reason just sentiments .... It has reasonable cheap workforce and earnings ...it has training and program in place get get qualified Filipino workers...

 

[ROE]

The diamond in the rough
profit up 45% ...margin up, healthy cash balance.

 

[skc]

The diamond in the rough
profit up 45% ...margin up, healthy cash balance.

Not a bad little outfit, however operating cashflow was negative due to increased working capital (more receivables, less payables). May be that's why the market marked it down a tag today.

 

[skc]

Not a bad little outfit, however operating cashflow was negative due to increased working capital (more receivables, less payables). May be that's why the market marked it down a tag today.

Big profit downgrade a month after the interim report. Full year NPAT in the range of $7-10m. Considering H1 was already at $6m, the low end of the range means the company will be barely profitable in H2.

Management citing delay in contracts and reduction in gross margin. As with most contracting buisnesses, it's hard to gauge whether this is a one-off or something more serious.

I also wonder whether this was somewhat foreshadowed in the H1 financials... there must be someone out there who's done some analysis on "large change in op cashflow" vs "likelihood of downgrade in the next period".

 

[ROE]

Big profit downgrade a month after the interim report. Full year NPAT in the range of $7-10m. Considering H1 was already at $6m, the low end of the range means the company will be barely profitable in H2.

Management citing delay in contracts and reduction in gross margin. As with most contracting buisnesses, it's hard to gauge whether this is a one-off or something more serious.

I also wonder whether this was somewhat foreshadowed in the H1 financials... there must be someone out there who's done some analysis on "large change in op cashflow" vs "likelihood of downgrade in the next period".

I manage to ride from 70c to exit in the 82 and out quick 17% return....very decent return on my parcel
Dont like hanging around these business long, if I spot it reasonable cheap ... I get the gain I am out

 

[skc]

I manage to ride from 70c to exit in the 82 and out quick 17% return....very decent return on my parcel
Dont like hanging around these business long, if I spot it reasonable cheap ... I get the gain I am out

Nice work and very nimble of you.

 

[ROE]

coming back under 50 following the director move

 

[ROE]

Thanks for a nice ride again ..another few K profit

 

[pixel]

SXE is about to go ex-div tomorrow; including Franking Credits, it's just shy of 4c.



That would explain the early 4c rise.
But going by the chart, recent range trading could make around 60c a rewarding entry.

 

[galumay]

SXE performing very well, results for the full FY showing the growth from the acquisition of Heyday and the program of diversification from the mining sector. Dividend reinstated and my new range of IV is around $1. Up about 7% today to 77c, i bought in at 50c and have held for a couple of years.

 

[galumay]

Good result for SXE posted today, missed their revenue guidance slightly but all metrics up strongly, looks like the Heyday acquisition has bolted on well. Good execution from management.

 

[galumay]

SXE announced another acquisition, they will buy Trivantage and on first glance it looks like another well considered and priced take over like the Heyday one. Market approved, up an impressive 13%. I had added significantly to my holding recently after coming to the conclusion it was one of my most undervalued holdings.

 

[galumay]

Topped up again, I think its one of the cheaper contractors and is differentiated with its specialties. Pays a very healthy divvy, good ROIC & ROIIC, FCF yield and trading well under my conservative valuation. One of those boring businesses that just tonks along and you collect $200 every time you pass go. Probably not for most people!

 

[galumay]

A great H1 2022 for SXE, really good numbers from one of my highest conviction positions. Payed an interim divvy for the first time in 6 years and that puts it on a yield of about 10%!
Also dont mention the large component of JobKeeper in the previous comparable period, makes the figures much more impressive when factored in.

 

[rnr]

A great H1 2022 for SXE, really good numbers from one of my highest conviction positions. Payed an interim divvy for the first time in 6 years and that puts it on a yield of about 10%!
Also dont mention the large component of JobKeeper in the previous comparable period, makes the figures much more impressive when factored in.


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The gap-up created on Aug 25, 2021 has now been filled and it appears as though the downtrend from late October of last year has reversed, although yet again it is very early days at present.
@peter2 may well be looking at this share.