Gold Road – Buy
Gold Road Resources has now switched to Algo Engine buy conditions. The correction from $2.00 down to Friday’s price level of $1.55 presents a low-risk entry opportunity.
The short-term indicators have now turned higher.
Ultra Short NASDAQ 100
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Is Gold a Buy?
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Technology One – Valuation Review
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Next Dc – FY20 Result
Nextdc FY20 revenue $200m, EBITDA $104m and EPS negative $0.12. Nil dividend.
Excluding depreciation and amortization add-backs, NXT operates at a loss. We continue to monitor the recent claim made by a fund manager, regarding the questionable accounting standards adopted by the company.
NXT is now guiding to FY21 revenue to be in the range of $240m – $250m.
Orica – Finding Support
Orica has found support after re-testing the $17 higher low price point.
Sonic Healthcare – FY21 Outlook
Sonic Healthcare FY21 revenue +5% to $7.4bn and EBIT growth of 5%+ supports a forward yield of 3%.
FY21 EBITDA estimates, range from $1.5bn – $1.75bn.
Buy Sonic within the $30 – $32 price range, as indicated below.
Coles Buy+ Call Option
Coles Group is now under Algo Engine buy conditions following the sell-off from $19.30 down to $17.50.
We expect Coles share price to track sideways within the $17 – $19 price range and suggest investors consider overlaying a covered call option to enhance the cash flow return.
For more information on the strategy, please call our office on 1300 614 002.
A2M – Buy Range
The A2 Milk Company is under Algo Engine buy conditions and we highlight the price support at $16.50.
Watch for the short-term momentum indicators to turn higher.
Sydney Airport
Following the entitlement offer Sydney net debt position will reduce from $9.1 billion to $7.1 billion. Post the capital raising, available cash will increase to $4.6 billion.
New securities under the final allotment commence trading on 14 September.
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453