Polkadot – Large Cap Crypto

Posted on | by Leon Hinde

Polkadot Crytop is now under Algo Engine buy conditions after creating a higher low formation and a pivot low at $14.15.

The price action has been supported by increased buying activaty above the $14.15 pivot low and we now have two trading sessions that have closed above the 10-day average.

Polkadot is an open-source platform that allows for distributed computing. The protocol was adapted by the Ethereum co-founder Gavin Wood and is developed by the Web3 Foundation with the initial implementation by Parity Technologies.

Polkadot’s first token sale closed on October 27, 2017, raising a total of 485,331 ETH (Ether, the currency of the Ethereum blockchain).

Polkadot allows for cross-chain transfers of data or assets, between different blockchains, allowing for cross-chain DApps (decentralized applications) to be built using the Polkadot Network.

The Polkadot network has a primary blockchain named relay chain and many user-created parallel chains called parachains. The beating heart of Polkadot is called the Relay Chain. It is the origin of the network’s shared security and consensus and facilitates cross-chain interoperability. Parachains can be attached to the Relay Chain and used for transaction verification and validation.

Danaher – 4Q Earnings

Posted on | by Leon Hinde

Danaher Corporation Common is under Algo Engine buy conditions.

4Q Dec 2021: net earnings were $1.8 billion, or $2.39 per diluted share which represents + 44% year over year. Non-GAAP earnings per share were $2.69 or + 29% y/y.

Revenues increased +20.5% year-over-year to $8.1 billion.

Full-year 2021: net earnings were $6.3 billion, or $8.50 per share which represents +74% year-over-year increase. Non-GAAP earnings per share for 2021 were $10.05, or +59 over the comparable 2020 amount. Revenues for the full year 2021 increased 32.0% to $29.5 billion.

Operating cash flow for the full year 2021 was $8.4 billion, representing a 34.5% increase year-over-year

Paypal – Earnings Review

Posted on | by Leon Hinde

Q4’21: Solid finish to another strong year
Total Payment Volume (TPV) of $339.5 billion, growing 23% on a spot and FX-neutral basis (FXN); net revenues of $6.9 billion, growing 13% on a spot and FXN basis.

FY’22: Expect TPV to reach $1.5 trillion and revenue to surpass $29 billion
• TPV is expected to grow 19%-22% at current spot rates.
• Revenue expected to grow 15%-17% on a spot basis; excluding eBay, revenue is expected to grow 19%-21%

• 15 to 20 million NNAs expected to be added to PayPal’s platform in FY’22.

We see long-term value in Paypal for the patient investor and anticipate that the company will make attractive bolt-on acquisitions, supported by low company debt and free cash flow, which will help support the growth story.

Short term, traders may wish to position a trade around the highlighted setup below, with a stop loss below the recent pivot low.

HACK – ETF Buy Signal

Posted on | by Leon Hinde

Betashares Global Cybersecurity is under Algo Engine buy conditions and is a current holding in our All ASX ETF model portfolio.

We see support building at $7.00 and expect 5 to 10% upside in the next 6 weeks.

7/4/22 HACK Update: Since writing the above post, HACK has rallied to a new higher low formation at $9.76. Buy HACK at market and run a stop-loss below $9.76.

25/2/22 update: Buy HACK ETF.

CIMIC Takeover Offer $22

Posted on | by Leon Hinde

HOCHTIEF ANNOUNCES UNCONDITIONAL AND FINAL ALL-CASH $22.00 PER SHARE
TAKEOVER OFFER FOR ALL REMAINING SHARES IN CIMIC.

We’ve been bullish on CIMIC for two reasons, firstly the inflection point in earnings and an improving balance sheet, second, the prospect of their parent company making a full takeover. As it turns out, just as the inflection point in earnings was reached in the 1H22 results and the company guided towards growth in the second half, the takeover bid has been announced. It will be interesting to see if this is enough to get the deal done.

CIMIC was among our top 5 holdings in the high conviction portfolio and in our Class A equities fund. We’ll look to take profit and reallocate the funds elsewhere and take advantage of the value on offer in other names.

Here is the snippet from our blog post on 2 Feb 2022…

CIMIC Takeover Offer $22

Posted on | by Leon Hinde

HOCHTIEF ANNOUNCES UNCONDITIONAL AND FINAL ALL-CASH $22.00 PER SHARE
TAKEOVER OFFER FOR ALL REMAINING SHARES IN CIMIC.

We’ve been bullish on CIMIC for two reasons, firstly the inflection point in earnings and an improving balance sheet, second, the prospect of their parent company making a full takeover. As it turns out, just as the inflection point in earnings was reached in the 1H22 results and the company guided towards growth in the second half, the takeover bid has been announced. It will be interesting to see if this is enough to get the deal done.

CIMIC was among our top 5 holdings in the high conviction portfolio and in our Class A equities fund. We’ll look to take profit and reallocate the funds elsewhere and take advantage of the value on offer in other names.

Here is the snippet from our blog post on 2 Feb 2022…