We recommend the short side of Orica heading into 2H18 earnings announcement on 7th May.
The market is looking for significantly stronger 2H performance and is likely to be disappointed. Orica is trading on stretched valuations and offers a 2.6% forward yield.
Look to sell within the range displayed below.
Orica
IPL reports 1H18 earnings on 9 May.
A key focus in the upcoming result will be the production performance at key locations & progress on formalising the Central Petroleum interim
gas agreement for Gibson Island and gas discovery JV.
IPL was added to our ASX50 model portfolio in May 2017.
Commodities are going through a topping pattern, or at least building resistance at the current level, we encourage investors to take profit in IPL.
2019 EPS $0.23, DPS $0.12 places IPL on a forward yield of 3%.
IPL
Level 29 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
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