Goodman Group – Algo Buy

Goodman is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

We expect 10% EPS growth into FY22 and the 2% plus dividend yield remains well supported.

The short-term momentum indicators are now turning higher and it looks like buying support is building above the recent $16.40 low.

Cleanaway – Buy

{ASX:CWY) is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

We see price support between $2.00 and $2.20. Watch the short-term indicators for a turn higher, within this support range. 

CWY goes ex-div tomorrow $0.05 100% franked. 

 

Seek – FY21 Outlook Upgraded

SEK:ASX is under Algo Engine buy conditions.

Seek announced a strategic refocus with ‘SEEK’ and Investments. Seek will focus on the existing business and Investments, being an investor and business builder, allowing Seek Investments to access third-party capital.

1H21 result with EBITDA of $246m.

Revenue will likely increase from $1.7bn, (in FY21), to $2bn in FY22, EBIT to increase from $270m to $400m. The forward div yield remains at less than 1% and 50x FY22 PE ratio.

Seek offers terrific growth prospects, but the valuation remains stretched.