Link Administration Holdings reported FY21 profit of $112m. FY22 guidance is now low single-digit revenue growth and flat EBIT.
The downside in the share price is underpinned to a certain degree through the announced buyback of $150m.
The forward dividend yield is 2.7%.
Cleanaway Waste Management is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
REH achieved a 4% increase in sales to $6,271m, 11% increase in underlying EBITDA to $720m and underlying NPAT increased 25% to $285m.
Reece beat market consensus across all numbers, however, the valuation is looking stretched at 44x earning.
Be patient and wait for the next Algo Engine buy signal.
ANN:ASX is under Algo Engine sell conditions, however, we’re expecting a switch to buy conditions in the near term.
FY21 results were at the low end of guidance, with EPS US$1.92 on record sales of US$2bn.
FY22 is likely to be 5 – 10% below FY21 and the downgrade is driving the current share price correction. Be patient with this opportunity and wait for the Algo Engine to trigger a buy.
The 3% yield is well supported and buying interest will rebuild as the valuation becomes more attractive.
OZR:ASX is under Algo Engine buy conditions and we anticipate buying support to increase near the $12.50 support range.
A sector sub-index of the S&P/ASX 200 Index, this index provides investors with exposure to the Resources sector of the Australian equity market as classified as members of the GICS® resources sector. Resources are defined as companies classified in the Energy sector (GICS® Tier 1), as well as companies classified in the Metals and Mining Industry (GICS® Tier 3).
U.S. business activity growth slowed for a third straight month in August as capacity constraints, supply shortages and the rapidly spreading Delta variant of the coronavirus weaken the momentum of the rebound from last year’s pandemic-induced recession.
Sorry, but this content is restricted to our members.
Please login with your account or register for a free trial. If your trial has expired, then you may renew it here.
If you are having an issue with your account, then please get in touch with us.
Treasury Wine Estates is under Algo Engine buy conditions after being added to the model portfolio in April. The stock is up 29.70% after 122 days.
TWE posted FY21 revenue of A$2.6bn and underlying EBIT of A$510m. FY22 EBIT is forecast to increase 5% and the stock trades on a forward dividend yield of 2.5%
Link Administration Holdings is now under Algo Engine buy conditions and we view $4.80 as an attractive price to begin accumulating the stock.
Update 18/8 Link is now trading $5.12 and we see further upside.
Update 20/8: LNK is now trading @ $5.22
WPL:ASX is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
WPL has agreed to an all-scrip acquisition (merger) of BHP Petroleum’s
assets.
Underlying profit for the six months to June rose 17% to $US354 million, falling short of estimates.
Accumulate.
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
Or start a free thirty day trial for our full service, which includes our ASX Research.