Leon Hinde

GDX Gold ETF

Posted on October 10, 2020 | by Leon Hinde

Vaneck Vectors Gold Miners is under Algo Engine buy conditions.

GDX provides broad exposure to the leading global gold producers.

Newcrest – Buy

Posted on October 10, 2020 | by Leon Hinde

Newcrest Mining remains under Algo Engine buy conditions and we recommend investors accumulate between $30 – $32.

Brambles – Buy

Posted on October 10, 2020 | by Leon Hinde

Buy Brambles within the $10.50 – $10.75 price range.

New High Conviction Buy

Posted on October 9, 2020 | by Leon Hinde

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Transurban – Yield Review

Posted on October 9, 2020 | by Leon Hinde

Transurban is under Algo Engine sell conditions. We see value in the $12.50 to $13.50 price range.

If we assume the dividend is cut from $0.55 to $0.40 in FY21 it implies a 2.8% forward yield. Further normalization is likely from FY22 and we’re therefore happy to buy TCL on the “dip.

Cleanaway – Rallies 10%

Posted on October 9, 2020 | by Leon Hinde

Our “high conviction” buy on Cleanaway Waste Management has produced a 10% return in the past week.

Our upside target has been reached and we expect selling pressure building within the $2.30 – $2.40 price range.

What is your strategy?

Take profit now and be happy with the gain
Use a momentum filter and stick with the trade
Long-term investment 2% yield and a good 2 – 3 year outlook

If you’d like to discuss Cleanaway or our other high conviction holdings, please call me on 1300 614 002.

Oceana Gold – Turning Positive

Posted on October 9, 2020 | by Leon Hinde

OceanaGold is under Algo Engine buy conditions. We highlight the early evidence of buying interest rebuilding and the short-term indicators turning higher.