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Southern Cross Elec. Eng. (SXE) and Catapult (CAT):

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    Southern Cross Elec. Eng. (SXE) and Catapult (CAT):

    Hi Market Matters SXE is on your Hit List - (currently $1.68) When are you likely to buy? It hit a recent low around $1.34 last week and has now recovered. At what price is there support ? How bullish are you on CAT(Catapult) ? (Currently$3.53) Have I missed the opportunity? Is the risk reward at current price still good? As you have said the strong keep getting stronger!! regards Debra

    Answer

    Hi Debra,

    Two stocks we that are in the Hitlist or we own in our Emerging Companies Portfolio:

    • Southern Cross Elec. Eng. (SXE): SXE has indeed bounced nicely from the $1.34 area but it does still remain well below its 2024 high. We continue to like the company and are still considering it, given the mix of current exposures within the portfolio.
    • Catapult (CAT): We remain big fans of CAT and have no plans to take profit at this stage. However, with the stock soaring to $3.60 its hard to identify a low risk entry point, a 10% pullback wouldn’t surprise at some stage in the coming months. We’re targeting a move to $4.00 initially.
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    Southern Cross Electrical Engineering (SXE)
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