Oz Minerals – Update

Posted on | by Leon Hinde

OZ Minerals was recently added into our ASX 100 model portfolio.

We’re mindful of the selling pressure base metal prices have been under since the beginning of last month, with copper and nickel prices down 8% and 9%, respectively.

Commissioning of the Carrapateena mine later this year remains a key near-term catalyst to help support the OZL share price.  On  a valuation basis, we have OZL trading 10x FY20 earnings on a 2.4% dividend yield.

The company goes ex-div $0.08 on the 31st August.

 

 

 

 

Asia Technology ETF – Algo Buy Signal

Posted on | by Leon Hinde

We recommend investors add the IAA, (Asia top 50 ETF), and IZZ, (China Large-Cap ETF) to their watch lists.

There is a high probability that we’re now looking at oversold levels on both of these ETF’s and value is beginning to emerge.

Also look at the ASIA ETF, which provides exposure to technology focused companies.

IAG, QBE & Suncorp – Algo Buy Signals

Posted on | by Leon Hinde

Our Algo Engine has recently generated buy signals in the leading insurance stocks.

The price pattern is similar in all 3 names, as displayed in the graphs below.

We suggest adding these to your watch list and taking note of the short-term indicators for the momentum to turn positive.

IAG

QBE

SUN