Amcor – recovery continues

Posted on | by Leon Hinde

In our “Opportunities in Review” webinar series, Amcor was identified as a high conviction buy with an upside target of $14.50.

The stock has rallied $1.00 from the original entry level and we continue to see a re-rating occur, which will see the stock price above $14.00 in the New Year.

Amcor goes ex-div $0.265 on the 27th of February.  Adding a March $14.25 call option generates a further $0.15 per share of income.

 

Buy Healthscope

Posted on | by Leon Hinde

Our Algo Engine triggered a buy signal in Healthscope and it remains a current holding in the ASX 100 model portfolio.

The retracement in price from $2.40 to today’s low of $2.18 creates another buying opportunity.

CYB FY18 Earnings

Posted on | by Leon Hinde

The FY18 results announced last week disappointed on short term net
interest margin pressures in the Virgin Money book.

Post share price falls there is still material upside in CYB and we remain buyers of the stock in the $3.00 – $3.50 price range.

 

 

Crude Oil Continues To Slide Lower

Posted on | by Todd

The price of West Texas Intermediate crude oil dropped over 7% and reached a 14-month low of $50.15 in overnight trade in New York.

Yesterday’s price action extends the rout in crude oil to over 35% since posting a high of $76.90 on October 3rd.

In response, Saudi officials announced that they will attend next week’s G-20 summit in Argentina to meet with US and Russian representatives in front of the OPEC meeting on December 6th in Vienna.

Local oil names STO, OSH and WPL are all under ALGO buy signals and will stand to benefit from any indication that OPEC will cut production into 2019.

We see chart support for OSH at $7.00, STO near $5.25 and WPL in the $31.00 area.

Oil Search

Santos

Woodside Petroleum

 

 

 

 

 

 

 

 

TWE Surges Higher After Chinese On-Line Sales Decision

Posted on | by Todd

Shares of TWE have extended yesterday’s gains and are 3% higher at $14.70 in early trade today.

The catalyst for the sudden rally has been the Chinese government’s clarification of on-line sales regulations for offshore companies.

Prior to yesterday’s announcement, TWE and other online vendors were uncertain of the on-line sales protocol past December of this year.

So far this year, TWE has registered over $500 million in sales from the Asian region, led by sales to China, which make up over 20% of its total group sales.

The next chart resistance level is at $15.60 with a longer-term target near $17.90.

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