Profile Help Forum Rules Advanced Help Last 1|3|7 Days Search Forum Tree View

Incredible Charts Free Charting Software Auto-Fit Trendlines Trend Channels Linear Regression Channels Raff Regression Channels Standard Deviation Channels

Thread     Last Poster Posts Pages Last Post   Closed: New threads not accepted on this page

Author Message  holycow Member Username: holycow Post Number: 4 Registered: 08-2004 Rating: N/A Votes: 0 Friday, August 06, 2004 - 03:14 pm:     Breaking out from C&H pattern. Daily: Weekly: Business Description (From COMMSEC) Symex Holdings Limited (SYM) is a manufacturer of Oleo products. The company produces four main categories of products; oleine, stearine, glycerine and distilled fatty acid, which are processed from tallow and vegetable oils. The companys products are used by producers of personal care, plastics, toiletries, rubber, food, pulp and paper, surface coating and lubricants. The companys manufacturing facility is located in Port Melbourne, VIC. Symex exports over 60% (Nov 03) of its products to over 35 countries, including the Asia-Pacific region, North America and Europe. Financially... (note: could be outdated) *= noteworthy Segment Performance RESULTS BY INDUSTRY Revenue B/Down ROS ROA Energy 3.7% 2.2% 0.9% Personal Wash 7.0% 11.3% 2.5% *Specialty Chemicals 89.3% 13.5% 16.3% RESULTS BY GEOGRAPHY Revenue B/Down ROS ROA *Asia Pacific 56.1% -- -- Other 2.0% -- -- *Australia/NZ 41.9% -- -- EPS(c) PE Growth Year Ending 30-06-04 11.1 12.6 37.8%* Year Ending 30-06-05 13.3 10.5 19.8%* ROE in last 4 years: 41.3 19.4 22.7 20.1 Total outstanding shares: 94 millions.  hershy Member Username: hershy Post Number: 373 Registered: 10-2002 Rating: N/A Votes: 0 Friday, August 06, 2004 - 07:22 pm:     Holycow, that's good work !! But I would be hard pressed to call it a cup and handle. Your weekly chart did not go back far enough. We're about to close the gap. And after that ???????? I have absolutely no idea what the chart tells me. If I scratch my head really hard I can see that a stage 2 Weinstein may continue to about $1.75. Bullish 22/150 day EMA crossover is encouraging.  holycow Member Username: holycow Post Number: 5 Registered: 08-2004 Rating: N/A Votes: 0 Friday, August 06, 2004 - 09:16 pm:     Hi Hershy, Sorry, I was less than precise in my post. I was actually referring to the weekly chart. The daily chart was meant to show the uptrend and the convergence of the MA's. I am reattaching the daily chart to show where the overhead supply would likely come from (btwn the two red lines) IF the price were to move higher. I tend to see C&H as some kind of rounding bottom which has a long term bullish bias reflecting a company recovering from some bad run. As such I find it hard to set a target where it will go, but if necessary I would use the height measuring from the beak to the base of the "cup" and project where the price is likely to run to. In this case it will be around 2.05, but I won't bet my life on it though. I have also attached a few charts which have been behaving quite nicely to show the potential to upside. The lines indicate my entry point in each stock. SYM: SMX, SMS Consulting: TWR: IBA:  holycow Member Username: holycow Post Number: 6 Registered: 08-2004 Rating: N/A Votes: 0 Wednesday, August 11, 2004 - 04:41 pm:     A short follow up on some new development: "11 August 2004 Symex Wins Unilever Brands Symex Holdings Ltd (ASX: SYM) today announced that its wholly owned subsidiary, Pental Products Pty Ltd, has acquired the Unilever oral care brands of Aim and Close-Up and its Huggie fabric softener in Australia, New Zealand and the Pacific Islands. These products will become part of Pental’s stable of personal and home care products. A definitive sales agreement has been signed to purchase the brands “Aim” and “Huggie” and to acquire the exclusive licensing rights for “Close-Up”. The transaction is expected to be completed in the first quarter of the current financial year for an undisclosed sum. The rights for the Aim, Close-Up and Huggie brands extend across Australia, New Zealand and the Pacific Islands. Gross sales for the financial year 2004 were approximately $9.5 million." The price spikes up a few cents as a result of this announcement, no big deal really. ~~~~~~~~~~ Here are some observations (meaning: could be wrong) 1) Of the few break-out buys that I have made lately, close to 60% are not "behaving" as expected which base on my own record has triggered a cautious alert. I will be very careful in buying breakout trade from now on. Thought you may want to know. 2) When trend leader such as CTX is making downward move and drops below its recent trend line (made between 15/3 - 12/7), it pays to ask some serious question on "has the trend died?", at least in the short term. My personal view is the current trend was started in March 2003 which has been running for close to one and half year now, the question: how long do you expect the up trend to last? Will the subsequent US market recovery pull up ASX and give it a second wind? As for CTX, the weekly chart from 7/5- 25/6 come across like some kind of "distribution" with high volume follows with some lacklustre price movement, I would be inclined to take half my profit now and watch 8.00 before saying goodbye. If it rebounds and moves higher, so be it. It's time to let others make some profit out of this one. 3) "They" said last quarter is possibly the best quarter for quite a while, and right now it is in the midst of the reporting season - did anyone notice how the index behaves? Started strongly but running out of steam at closing - this doesn't come across to be a very "enthusiatic" market, does it? Also, if last quarter is the "best" quarter ever, the implicit message is next quarter or two will be like a big yawn. Do you expect the market be excited over the near term prospect? Will they bet big? Cheers.  holycow Member Username: holycow Post Number: 11 Registered: 08-2004 Rating: N/A Votes: 0 Friday, August 27, 2004 - 06:33 pm:     Update: 1) a 4c dividend (100%F), ex on 20/9/04. 2) there were some selling after the result was announced. (Don't know why, thought it was quite ok). My guess on the recent selling (last two days) is probably due to this piece of news: http://www.abc.net.au/rural/news/stories/s1184755.htm. This is a wild guess anyway. 3) if the trend continues, cut loss at 1.28 (8.5% of 1.40); but let's "hope" it won't be that bad.

Other Threads     Last Poster Posts Pages Last Post KIM - Kimberley Diamonds koan 4  1  09-Sep-04  11:46 pm Book value on ASX200 companies? holycow 5  1  07-Sep-04  10:08 am QBE holycow 3  1  07-Sep-04  09:55 am IVC & CHX holycow 3  1  04-Sep-04  11:24 am GCL muzza 8  1  03-Sep-04  08:30 pm BIL - Brambles peterloh 5  1  03-Sep-04  11:09 am BKL shubh_labh 3  1  27-Aug-04  09:42 pm Active Investing ruethewhirl 6  1  27-Aug-04  05:26 pm EPT - Epitan spookyoz 4  1  27-Aug-04  12:08 am Silver - for those interested rederob 4  1  19-Aug-04  08:07 pm Gun uteman 1  1  11-Aug-04  03:07 pm PMP haggis 4  1  11-Aug-04  12:11 pm BSL - Stage 2 Resumption muzza 1  1  10-Aug-04  12:01 am Telecommunications. the_thin 3  1  09-Aug-04  09:16 pm

Threads by Last Post Time:

First Previous 380 381 382 383 384 385 386 387 388 389 Next Last

Administration   Log Out     ««  «  Previous  Next  »  »»