Tabcorp Holdings

Posted on | by Leon Hinde

TABCORP Holdings is under Algo Engine sell conditions.

Tabcorp is a low-growth, mature business and is facing a challenging earnings backdrop, with the retail venue closures and an uncertain sports betting outlook.

At 20x FY22 earnings, the stock is also expensive based on historical multiples. The dividend yield appears attractive but is reliant on an unsustainable payout ratio.

BHP

Posted on | by Leon Hinde

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

Declining port stocks and concerns over Brazil supply support a positive outlook for iron ore prices. A combination of strong iron ore prices and the recovery in the energy complex should continue to support the BHP share price.

New Trade Table Feature

Posted on | by Leon Hinde

We’ve added a new feature to our member area titled “Trade Table”. It’s designed to further filter our algo signals using the Pivot Point indicator and a cross back through the short-term momentum indicator 10-day moving average.

An example of today’s table results is displayed below. Look for the double up green arrows on the”long signals” and the double down red arrows on the “short signals”.

As the name would suggest, the Trade Table starts to create a framework for short term positions in the market. For more detail on how the Trade Table technology works, please join us during tonight’s webinar.

Big Banks – IMF Says, No Dividends.

Posted on | by Leon Hinde

It’s time for the world’s big banks to batten down the financial hatches, suspending their dividend payments and share repurchase programs.

That, at least, is the view of the International Monetary Fund’s (IMF) Managing Director, Kristalina Georgieva.

Aristocrat Leisure

Posted on | by Leon Hinde

Aristocrat Leisure has now switched to Algo Engine sell conditions and has been removed from our ASX 100 model portfolio.

Aristocrat delivered 1H20 net profit, (NPATA), of A$368mn which was down 13% on the same time last year. Growth in digital earnings was not enough to offset weak revenue in the Americas.

We’re not willing to look at shorting ALL as we see a normalization of the business conditions by 2022, we’ll revisit this name should we see a “buy on the dip” opportunity later this year.

NRW Holdings

Posted on | by Leon Hinde

NRW Holdings has been among the best-performing stocks over the past few sessions following a strong trading update.

NWH indicated they have a strong pipeline of new projects as an acceleration of public infrastructure spending occurs.

Based on FY21 earnings of $160mn we have the stock on a forward yield of 4.1%.