GPT Group – Buy & Add Call Options

GPT is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio. The share price is up 30% since being added back in October 2018.

The recent price retracement from $6.50 to $6.10 is temporary weakness following the rights issue this month. We suggest investors take advantage of the pullback in the share price and begin accumulating.

GPT goes ex-div $0.1285 on the 28th December 2019.

CIMIC – Up to 10% Share Buyback

Cimic Group is under Algo Engine sell conditions since forming a lower high back in February at $50.

A weak first-half earnings result has seen the sell-off accelerate in the past few days. We’d normally give this name a wide berth, whilst we wait for confirmation of earnings and in particular, free cash flow improvements.

However, we draw your attention to the “up to 10%” share buyback which the company will recommence in August.



Alphabet – High Conviction Buy

Alphabet is a current holding in our US S&P100 model portfolio.

Shares of Alphabet rose after its second-quarter earnings announcement with earnings and revenue beating market expectations.

The strong earnings came from higher ad sales and growth at its cloud unit.  Google reported advertising revenue of $32.6 Bn for the second quarter, compared to $28.09 Bn during the second quarter last year.

Revenue came in at $38.94 Bn up 19% from last year and earnings per share were $14.21, up 21%.

Alphabet said its board of directors approved a re-purchase of up to an additional $25 Bn of its Class C capital stock.

Alphabet is on our high conviction buy list, underpinned by strong revenue growth and the large scale share buyback.