Fortescue Metals Group is under Algo Engine buy conditions and is among the best-performing holdings within our ASX 100 model portfolio.
FY20 revenue was up 27% to $13bn and EBIT was in line with consensus at US$8.3bn, up 38% on the same time last year.
Forward dividend yield is 4.8%, plus any special dividends announced in FY21.
Spark Infrastructure is under Algo Engine buy conditions following the higher low support at $2.10.
1H20 earnings delivered slightly better growth than expected with full-year DPS guidance unchanged at $0.135. EBITDA increased 4% to $430m.
Cash flow was weaker than expected and we see slight downside pressure on the dividend in FY21 & FY22.
Ansell is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
FY20 earnings showed revenue up 8% to US$1.64bn, and EBIT up 4% to US$220m. The company upgraded FY21 guidance for 8% underlying EPS growth.
ANN should continue to see strong top line growth and we recommend investors add to the position on the next Algo Engine buy signal.
Forward dividend yield is 2.2%.
SPDR S&P GLOBAL DIVIDEND is a holding in our “ASX All ETF” model portfolio.
We see value at the current $15.50 price range.
The S&P Global Dividend Aristocrats is designed to measure the performance of high dividend yielding companies within the
S&P Global Broad Market Index (BMI) that have followed a policy of increasing or stable dividends for at least 10 consecutive years.
Vanguard Global Infrastructure Index switched to Algo Engine buy conditions and we’ve now added this to our portfolios.
APA is under Algo Engine buy conditions and provides a defensive yield.
Buy $10.80 – $11.00 price range.
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Brambles FY20 earnings were in-line with market expectations and the relatively defensive income mix is appealing.
Buy BXB on weakness, $10.50 is support.
Bega Cheese reports earnings on 27 August. We like the idea of buying the dip ahead of the result.
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