Orora – Algo Buy Signal

Posted on | by Leon Hinde

Orora has formed a higher low at $3.00 and is now under Algo Engine buy conditions. The short-term indicators are now trending higher and buying support is building.

Orora was listed as a separate entity after being spun-off by Amcor in 2013.

The company is a leader in innovative packaging solutions, employing 5,500 people across 122 sites in 7 countries. Orora supplies a broad range of fibre, metal and glass packaging solutions, as well as packaging services including design, distribution and recycling.

Orora is expected to deliver 5 – 8 % EPS growth and the stock is now trading on a 4% yield.

WPL – Algo Buy Signal

Posted on | by Leon Hinde

WPL is a current holding in our ASX 100 model portfolio.

Recent production guidance suggests 2019 will likely deliver relatively flat production growth.  WPL trades with an implied oil price of around US$55, (versus current Brent Crude at $US74).

The overnight announcement from the Trump administration stating it will no longer grant sanctions waivers to any country that is currently importing Iranian oil, is helping to provide support across the energy sector.

WPL goes ex-div $0.73 on the 23rd Aug.

ANZ – Algo Buy Signal

Posted on | by Leon Hinde

Australia and New Zealand Banking Group is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

We see support at $26 and a push higher towards $27, will provide an opportunity to sell covered call options to enhance the income return.

ANZ goes ex-div, $0.80 on the 14th of May. An August $27 call option will add a further $0.60 per share of income.

For more detail on the call option strategy, please call our office on 1300 614 002.