SXE - Southern Cross Electrical Engineering

[galumay]

I take on board that galumay said it still wasn't expensive when it was priced much higher than this.

See below \/

 

[divs4ever]

@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.

unless it has become a bellwether to the wider ( Australian ) economy

 

[galumay]

unless it has become a bellwether to the wider ( Australian ) economy

I think thats reading far too much into the short term volatility in the share price of a micro/small cap business on the ASX! Its still up well over 50% for the last 12 months!

 

[divs4ever]

I think thats reading far too much into the short term volatility in the share price of a micro/small cap business on the ASX! Its still up well over 50% for the last 12 months!

even now , i am very well positioned here

but then i am chasing income ( most of the time ) over capital gains

BUT in theory this is exposed to three major trends going forward , miners changing mine energy sources , data centers ( assuming that is a big trend in Australia ) and in general renewable energy , what if those trends have peaked in the short-term ?

now unless insiders are currently offloading , the increased turn-over suggests somebody is betting big

 

[galumay]

I have no interest in macro and forecasting. Just buy good businesses and hold them, the rest takes care of itself.

I have even less interest in volumes, turn over, price volatility etc, just noise that distracts from the business of investing.

Why even bother speculating on all these unknowables? Makes no sense to me.

 

[divs4ever]

I have no interest in macro and forecasting. Just buy good businesses and hold them, the rest takes care of itself.

I have even less interest in volumes, turn over, price volatility etc, just noise that distracts from the business of investing.

Why even bother speculating on all these unknowables? Makes no sense to me.

well a serious price drop MIGHT encourage me to increase the holding , but SXE isn't my only holding , so maybe it is a signal to watch other stocks ( in mining services and other industrial , and resource stocks )

good businesses are still affected by the general economy but they normally handle the changes better

 

[galumay]

good businesses are still affected by the general economy but they normally handle the changes better

Agreed, thats why we hunt for good businesses! My point is the future state of the general economy is unknowable and I cant control it, so best ignored IMO.