SXE - Southern Cross Electrical Engineering

[galumay]

We are certainly at the cutting edge of something!

 

[Dona Ferentes]

Proliferation of 'Battery Energy Storage', another fuzzy notion to tack on to 'A1 Data Centres' ravenous electricity appetite, EV Charging Stations, and 'Electrification of Things'.

maybe

'Electrification of Things'

should be the 'electrification of everything.'

Will this help?

Data Centres
“In this case [a major tech company] has come to us and come to many in the industry and said ‘I need as much power as you can make available’.”
- Jim Burke, CEO, Vistra Corp [one of the largest power producers/retailers in the US]​

 

[finicky]

should be the 'electrification of everything.'

Too technical

 

[finicky]

I heard a pundit say we can play oncoming data centre power consumption not just obviously with NXT, GMG but with power suppliers, like ORG specifically. The teamlet here saw SXE. Maybe IPG if it has a severe correction? I don't like Rudi Filapek VanDyck or I'd credit him.
Maybe ironically it's yet another supportive argument for thermal coal producers like NHC?

 

[divs4ever]

I heard a pundit say we can play oncoming data centre power consumption not just obviously with NXT, GMG but with power suppliers, like ORG specifically. The teamlet here saw SXE. Maybe IPG if it has a severe correction? I don't like Rudi Filapek VanDyck or I'd credit him.
Maybe ironically it's yet another supportive argument for thermal coal producers like NHC?

i guess we will agree to disagree on Rudi , i kind of like him without following him breathlessly

IPG ?

i wouldn't need a correction a retrace would do me for a toehold ( and maybe more later )

all my best power utilities are gone ( taken over ) in Australia i still hold 3 in NZ ( GNE , MCY and MEZ )

but BIG data centres need lots of battery back-up

i hold RFX ( which has been a flea-bitten mutt for me ) but there are rival tech for those that like higher risk

 

[finicky]

Talks a bit about SXE.
Can just cross out subscription appeal if it masks.

Three stocks with further AI upside to come... on ausbiz

<p><strong>Key points: </strong></p><ul><li><p>The explosion in AI demand is fueling growth in data centres</p></li><li><p>Southern Cross Electrical Engineering, among others, leads in the electrical contracting sector driving this growth</p></li><li><p>Extensive unlisted competition exists, but...

ausbiz.com.au

 

[finicky]

Break to a new 52 week high on better than average volume.
Cautionary note that daily momentum indicators are not confirming the new high. It only took 1.5m volume today to get this new high.

Held
Holding

DAILY

 

[divs4ever]

another multi-bagger in an unexpected place

if only i could pick them deliberately ( sigh )

 

[finicky]

@divs was intending to layer in but it took off as I made my first buy. Still, I wouldn't have any if it weren't for the discussion here

 

[peter2]

Electrical work is booming due to surging demand and transition to include renewables.
Once China gets it's act together copper is going to the moon.

Note: Bought some SXE last week and reduced the supply somewhat. Probably caused today's spike up.

 

[finicky]

'Market Matters'

• Southern Cross Electrical (SXE) +9.23% had a great session as Bells initiated with a buy and $2.10 PT – this is an interesting $260m company as a play on AI.

 

[divs4ever]

@divs was intending to layer in but it took off as I made my first buy. Still, I wouldn't have any if it weren't for the discussion here

well i got in nice and early ( for me ) in the 'tech. revolution'( despite being highly cynical of computers and the huge network ) ( in 2011 )

having selected a nice bundle of $1 tech companies ( TNE was the dearest @ $1.10 ) i went on the logic of selling picks and shovels to miners concept , and SXE was an obvious choice dealing with big projects electrical ( mining and computer clients )

but don't panic it may ease back to your target , but just in case watch IPG ( i don't hold this one ) maybe there will be an opportunity there

i was buying SXE in 2017, 2019 and 2020 all 55 cents and below so it might not stay sexy for long ( to the traders )

 

[galumay]

Yeah, it was one of the cheaper businesses on the ASX for quite a few years. Never understood why, wasn't too concerned, I had plenty of conviction the price and value would eventually converge and in the meantime the divs kept coming in! (and I was able to accumulate a much bigger position.)

 

[divs4ever]

Yeah, it was one of the cheaper businesses on the ASX for quite a few years. Never understood why, wasn't too concerned, I had plenty of conviction the price and value would eventually converge and in the meantime the divs kept coming in! (and I was able to accumulate a much bigger position.)

indeed , return on cash invested is more important to me than (unrealized ) capital gain , so rather enjoyed buying some when there was little compelling value elsewhere .

one of those quirks on the ASX some stocks seem to avoid the attention of stock analysts , maybe they don't offer champers on the presentation tours

 

[galumay]

As expected, a very strong year for SXE. Positive outlook as well, its run hard this year but its still not expensive IMO.

 

[Knobby22]

As expected, a very strong year for SXE. Positive outlook as well, its run hard this year but its still not expensive IMO.

View attachment 182903

No longer cheap though. I know there are takeover costs. Good to have all that cash. It gives them possibilities, blue sky.

 

[peter2]

The recent 25% fall in share price with increased volume is a little concerning. No news. I've sold half that I'm holding in a low activity conservative portfolio. I did think that SXE would be a low risk longer term hold due to the increasing data centre work. Not so sure now.

 

[divs4ever]

The recent 25% fall in share price with increased volume is a little concerning. No news. I've sold half that I'm holding in a low activity conservative portfolio. I did think that SXE would be a low risk longer term hold due to the increasing data centre work. Not so sure now.

depends on what the future holds , the 'green energy dream ' is fading , mining might finally have peaked in the current super-cycle , and MAYBE the ( global ) economy is just starting to wake up to reality

my average SP is a fraction over 50 cents , maybe it will revisit that area in the market drops enough

 

[finicky]

Chart's got interesting today with a relatively high volume break of an obvious support level but a high degree of recovery on the day with a long tailed candle. Might be a rounded top confirmed? But I have seen a rounded top reverse somewhere before. Still more of that gap from May asking to be filled? Just a watch for me but I will consider adding at a considerably lower price. I take on board that galumay said it still wasn't expensive when it was priced much higher than this.

Held
Holding

DAILY

 

[Country Lad]

The recent 25% fall in share price with increased volume is a little concerning. No news. I've sold half that I'm holding in a low activity conservative portfolio. I did think that SXE would be a low risk longer term hold due to the increasing data centre work. Not so sure now.

@peter2 it all seems a bit odd. Support at 1.58 and 1.50 didn't stop the fall and it looks to me that 1.40 support will be a real tester. Fundamentally I can't find much wrong with it.