SXE 3.79% $1.51 southern cross electrical engineering ltd

I've held back waiting to see what other readers feel re the SXE...

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  1. DSD
    15,757 Posts.
    I've held back waiting to see what other readers feel re the SXE result. IMO it was that overall it is very good. However, I had expected a div of around 5c esp as no interim is paid. The margins are exc and going fwd SXE is expecting to get a decent chunk of wk in LNG and CSG sectors esp via the KSJV. (today a 50m LNG contract was announced). So order book now 141.5m and likely to grow IMO. Does not include about 30m recurring maintenance wk. Net cash of 36.3m and strong operating cash flow. I've sold much of my MS sector holdings but am keeping SXE as i feel it can gain in price from here. Overlooked by Mr Mkt imo, probably due to low liquidity.
 
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Last
$1.51
Change
0.055(3.79%)
Mkt cap ! $506.8M
Open High Low Value Volume
$1.44 $1.52 $1.44 $1.522M 1.021M

Buyers (Bids)

No. Vol. Price($)
1 600 $1.50
 

Sellers (Offers)

Price($) Vol. No.
$1.51 1000 1
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Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
SXE (ASX) Chart
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