Bega Cheese is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
Accumulate within the $5.00 – $5.25 price range.
Update: 27/8 Bega FY21 Earnings release: Performance highlights
Reduction in normalised EBITDA to net debt leverage
ratio from 2.35 times to 2.25 times
Normalised EBITDA increased by 38% to $141.7 million
Statutory EBITDA increase by 108% to $182.7 million
Operating cash flow $111.4 million
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.
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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
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Sydney, NSW 2000
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Investor Signals Pty Ltd
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