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Just a dash

327 Posts.

53

08/08/18

13:31

Post #: 34802667

Originally posted by 1ronnie ↑

New entry into Covered Stocks today: SCHAFFER CORP (SFC)

This little known $200m mcap company has been steadily moving up since end of 2016 [it hit 52 week high yesterday], the price action which very much reminds me of another low profile company Lovisa (LOV). It has its niche international automotive leather business, not sexy you may think but that business alone generated half yearly revenues of $105m or annualised $200m with an annualised NPAT of circa $20m which is pretty substantial for a smallcap its size.

On top of that, it has a sizeable property portfolio in WA, pays 15c dividend (1% yield) and is undertaking Daily share buy backs which you would expect would continue to support its upward price trajectory. Last December, it generated half yearly $25m operating net cashflows and inclusive of proceeds from divestments, had $36m to reduce its debts.

The stock has large exposure to Euro, so AUD depreciation against the Euro will augur well for it as well. I think the AUD will go lower from here but will be largely against USD not EUR.

Stocks for sale is also very limited (like NZK).

Another covered stock poised to move higher is MYE which has formed an upside breakout bullish chart pattern, see Recognia analysis below.
Mastermyne Group Ltd forms bullish "Upside Breakout" chart pattern Aug 07, 2018
Recognia has detected an "Upside Breakout" chart pattern formed on Mastermyne Group Ltd (MYE:ASX). This bullish signal indicates that the stock price may rise from the close of 1.29 to the range of 1.36 - 1.38. The pattern formed over 21 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: The price broke upward out of a trading range suggesting we're entering a new uptrend. The Upside Breakout pattern represents a trading range in which prices move sideways between two parallel horizontal lines. It's often a pause or congestion area within an existing trend though sometimes the breakout results in a reversal to the prior trend. Either way, an upside breakout through the upper resistance line signals an end to the consolidation period and the start of an uptrend.

This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.

View attachment 1228137

Column 1 Column 2 Column 3 Column 4 Column 5

1 COVERAGE DATE STOCKS PRICE ON COVERAGE DATE PRICE @OPEN GAIN%

2 8/8 SFC $ 15.050 $ 15.050 0.0%

3 6/8 CGL $ 7.080 $ 6.810 -3.8%

4 31/7 MYE $ 1.180 $ 1.300 10.2%

5 30/7 MP1 $ 4.370 $ 3.980 -8.9%

6 26/7 SKF $ 0.150 $ 0.175 16.7%

7 24/7 ZEN $ 1.060 $ 1.080 1.9%

8 23/7 CXL $ 0.630 $ 0.895 42.1%

9 17/7 COE $ 0.445 $ 0.465 4.5%

10 13/7 SHL $ 26.500 $ 25.870 -2.4%

11 29/6 BYE $ 0.340 $ 0.345 1.5%

12 28/6 ATC $ 0.195 $ 0.170 -12.8%

13 18/6 A2M $ 10.780 $ 9.350 -13.3%

14 18/6 CGC $ 8.750 $ 8.360 -4.5%

15 14/6 NZK $ 2.240 $ 2.530 12.9%

16 4/6 BUB $ 0.830 $ 0.655 -21.1%

17 15/5 SW1 $ 0.410 $ 0.420 2.4%

18 14/5 RHC $ 65.420 $ 54.280 -17.0%

19 9/5 FYI $ 0.145 $ 0.087 -40.0%

20 3/5 4DS $ 0.057 $ 0.077 35.1%

21 2/5 PME $ 8.150 $ 8.670 6.4%

22 1/5 TTT $ 1.540 $ 2.270 47.4%

23 30/4 CTD $ 24.880 $ 28.660 15.2%

24 18/4 CLV $ 1.030 $ 1.525 48.1%

25 18/4 VIV $ 0.054 $ 0.044 -18.5%

26 11/4 APX $ 8.820 $ 11.430 29.6%

27 11/4 BHP $ 29.440 $ 34.075 15.7%

28 11/4 PPS $ 0.595 $ 0.830 39.5%

29 11/4 PTB $ 0.545 $ 0.650 19.3%

30 Return @ 6.74% assuming @ $1k even per stock

Expand

I like it. Thanks Ronnie for this.

0 Great analysis

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