Bega recently provided a trading update, with FY22 underlying EBITDA expected to be in the range of
A$195-215mn.
Earnings have been impacted by supply chain-related disruptions, with some offset by the full-year contribution of the Lion Dairy & Drinks acquisition and related cost synergies. FY23 earnings should reaccelerate and recent shareholder support from Andrew Forrest suggests the current price range is a good opportunity to build a position.
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Qube Holdings is under Algo Engine buy conditions.
Goodman is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We expect 14% EPS growth into FY22 .
Woolworths Group announced a disappointing trading update which revealed COVID had weighed heavily on earnings during the first half. The retailer anticipates $215mil in COVID-related expenses and before tax profit to fall from $1.3bn to $1.2bn.
We see value in the stock within the highlighted price range.
Domino’s Pizza Enterprises is under Algo Engine buy conditions.
ResMed is under Algo Engine buy conditions and we see buying support building within the $30 – $33 price range.
Cochlear is now under Algo Engine buy conditions and has been added to our ASX 100 model portfolio.
COH has rallied from $175 to a high of $257. The subsequent pullback has seen buying interest rebuild at the higher low of $207. This is the second cluster of Algo Engine buy signals and we’ve taken the opportunity to add to our original allocation.
Woolworths Group announced a disappointing trading update which revealed COVID had weighed heavily on earnings during the first half. The retailer anticipates $215mil in COVID-related expenses and before tax profit to fall from $1.3bn to $1.2bn.
We see value in the stock within the highlighted price range.
Pro Medicus is up 100% since the buy signal back in July 2020.
While the stock trades on a very high multiple 120x FY22 earnings, the 40%+ revenue, and profit growth is supported by long-term contract wins. Watch for another Algo Engine buy signal on the current price retracement.
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