Buying Southern Cross Electrical Engineer Ltd (ASX:SXE)

I bought shares in electrical services firm Southern Cross Electrical Engineer Ltd (ASX:SXE). The company's near-term prospects are positive because of a recovering mining industry, substantial upcoming infrastructure projects and a booming commercial property sector. Historically focused on WA and the resources sector, the business is now more diversified following a couple of acquisitions and has $45 million in net cash to pursue further opportunities. Statutory profit is understated as it includes amortisation of acquired customer contracts ($2.8 million last year), a genuinely non-cash charge. The stock trades on a forward price-to-earnings ratio of under 9 which is cheap enough to justify inclusion in the AU portfolio despite its meagre quality.

Comments

  1. The article was up to the point and described the information very effectively. Thanks to blog author for sharing an informative post. Best Electrical Services In Watford

    ReplyDelete
  2. Excellent information, I am heartily thankful to you that you have shared this information with us. I got some different kind of knowledge from your article, and it is helpful for everyone. Thanks for share it. Composite structures consultants Sydney

    ReplyDelete
  3. Grand post which you have shared here about electrical technicians. You have portrayed everything in a foundational way, and furthermore, it is a useful article for us. Much obliged to share it. electrician Littleton co

    ReplyDelete

Post a comment