Qube Holdings – Algo Signal

Posted on | by Leon Hinde

Qube Holdings is under Algo Engine buy conditions and has now been added to our ASX model portfolio.

FY21 revenue is forecast to increase 3% to $1.95bn and EBITDA flat at $300m. Qube may start to deliver 8 – 10% EPS growth into FY22 and FY23, which will support the forward yield of 2%.

We see price support developing within the $2.25 to $2.50 range.

Since writing the above post on 2 October, Qube has seen a pickup in buying interest and the short-term indicators are trending higher.

Cleanaway – Rallies 10%

Posted on | 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?

  1. Take profit now and be happy with the gain
  2. Use a momentum filter and stick with the trade
  3. 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.