Spire shareholders reject acquisition by Ramsay, with 69.9% of votes in favour, thus falling short of the minimum 75% threshold required for the transaction to complete.
Ramsay FY22 revenue is forecast to be $14bn, EBITDA up 8% to $2.3bn, supporting a forward yield of 2.4%.
Australia and New Zealand Banking Group is under Algo Engine buy conditions.
ANZ has announced an on-market share buyback program of up to $1.5bn commencing in August. This should provide investors with increased confidence in the strength of major bank balance sheets.
Santos announced it had submitted a non-binding all-scrip merger proposal to Oil Search, under which OSH shareholders would receive 0.589 STO shares for each OSH share.
Currently values OSH at around A$4.25ps.
The new entity will become the largest ASX listed oil and gas company by
market cap.
SPDR S&P/ASX 200 Listed Property in under Algo Engine buy conditions since February at $11.30. This week we’ve seen a further buy signal on the recent pullback to $12.50.
The SLF provides a basket trade with diversification across the REIT sector. SLF and GMG remain our preferred property allocations.
Cimic Group 1H21 earnings beat market expectations, with group revenue growth of 10.6%2 to $7.1bn and NPAT of $208m for HY21.
Factoring balance further reduced by $243m YTD from $976m at December 2020 to $733m at June 2021. 10.4bn of new work awarded in HY21, with total work in hand increasing to $33.3bn.
FY21 NPAT guidance of $400m-$430m maintained, subject to market conditions.
Cleanaway Waste Management is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
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Cleanaway Waste Management is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
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Netflix, Inc. – Common is now under Algo Engine sell conditions. NFLX was in our NASDAQ and S&P model portfolios since June 2019. The recent switch to sell signals resulted in the holding being sold for a 53% gain after a 752-day holding period.
Netflix is due to report earnings on July 20. Our sector preference is Disney.
Disney was added to the S&P model in February 2018 and has since increased 72%.
CIM:ASX is likely to see improved earnings in FY22 and we expect to soon see a recovery in the share price.
CIMIC is a high-risk counter trend investment with the prospect of a multi-year recovery, once earnings hit an inflection point.
Buy Dec $20 call options as a stock replacement strategy. For more detail, please call 1300 614 002.
BetaShares Australian Equities Bear Hedge
The inverse ETF’s over the ASX200 are performing well. BEAR (single inverse ETF) and BBOZ (double inverse ETF) are both trading higher as the ASX200 XJO index retreats from the recent highs.
These instruments act as a hedge against existing long equity holdings or as an outright trading position in portfolios.
Chart – BEAR ETF
Apply a stop loss, should the XJO index reverse and trade up through the highlighted range.
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