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.
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Sonic Healthcare – Opportunity Approaches
Sonic has corrected from $38 down to $32 and we expect to soon see buying interest rebuild.
Look for the short-term momentum indicators to turn higher within the price range indicated on the chart below.
Bega – FY20 Earnings
Bega Cheese is under Algo Engine buy conditions following the recent signal at $4.50.
FY20 Full year earnings exceeded consensus and the key numbers are;
Revenue increased by 5% to $1.5 billion
Operating cash flow $138 million
Net debt reduction by $52 million to $236 million
Export sales increased 15% to $523 million
Inventory reduction by $15 million to $257 million
Normalised EBITDA decreased by 2% to $103.0 million
Ramsay Healthcare – Buy
Buy Ramsay Health Care within the $61 – $65 price range.
Ampol – Review
1H20 earnings are lower due to a reduction in sales of petrol and jet fuel.
Look for buying interest to rebuild within the $25 – $26.50 price range.
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Investor Signals Pty Ltd
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