Aurizon Holdings is under Algo Engine buy signals.
Aurizon reported underlying earnings before interest taxation depreciation and amortisation (EBITDA) of $1.48 billion and told investors to expect underlying EBITDA of between $1.42 billion-$1.5 billion in fiscal 2022.
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Mineral Resources is under Algo Engine buy conditions and is in our ASX 100 model portfolio.
The share price has fallen 20% from the July high, as the iron ore price rolled over from $220/t to $130/t.
The strong lithium market (particularly spodumene with spot at US$1,250/t) offsets some of the weakness in iron ore and the growth outlook for MIN remains attractive.
The likely approval of Ashburton in the coming months is a key positive for the stock. Key decisions around Ashburton development hub and Wodgina restart are likely at the group AGM scheduled for 18th Nov.
Accumulate within the $42 – $52 price range.
Macquarie Group is under Algo Engine buy conditions and is a current holding in our model portfolio.
Macquarie Group (MQG.AX) has provided an update on its guidance, in which it now expects 1H22 NPAT to be slightly down on 2H21.
The is a positive relative to the negative expectations that the market had for earnings to be down 10 – 15%.
A good outcome for the full year FY22 will be flat on FY21, which places MQG on 21x earnings and 3% dividend yield.
NST:ASX is under Algo Engine buy conditions and remains our preferred gold exposure.
A general review of the sector shows cost remains a concern for local gold miners with most companies reporting a lift in operating costs driven primarily by labour. A concern for the sector is the shortage of technical staff.
The average all in sustaining cost (AISC) per ounce for most local producers is A$1,525/oz.
For our Members, please find below the list of our latest Model Portfolio changes.
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Please login with your account or register for a free trial. If your trial has expired, then you may renew it here.
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Mineral Resources is under Algo Engine buy conditions and is in our ASX 100 model portfolio.
The share price has fallen 20% from the July high, as the iron ore price rolled over from $220/t to $130/t.
The strong lithium market (particularly spodumene with spot at US$1,250/t) offsets some of the weakness in iron ore and the growth outlook for MIN remains attractive.
The likely approval of Ashburton in the coming months is a key positive for the stock. Key decisions around Ashburton development hub and Wodgina restart are likely at the group AGM scheduled for 18th Nov.
Accumulate within the $42 – $52 price range.
Aurizon Holdings is under Algo Engine buy signals.
Aurizon reported underlying earnings before interest taxation depreciation and amortisation (EBITDA) of $1.48 billion and told investors to expect underlying EBITDA of between $1.42 billion-$1.5 billion in fiscal 2022.
Cleanaway Waste Management is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Cleanaway financial results for the year ended 30 June 2021
Statutory Net Profit After Tax (NPAT) increased 31.2% from $112.6 million to $147.7 million.
On an Underlying basis compared to the year ended 30 June 2020 (“FY20”) Cleanaway reported:
• NPAT increased 2.1% from $150.0 million to $153.2 million
• EBITDA increased 3.8% from $515.7 million to $535.1 million
• Net revenue increased 4.7% from $2.1 billion to $2.2 billion
• Operating cash flow increased 5.7% from $401.5 million to $424.4 million
• Final dividend increased 11.9% from 2.10 cents per share (cps) to 2.35 cps, taking the total dividend for the year 12.2% higher to 4.60 cps
Update 8/9
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