Pexa Group has helped transform conveyancing from a clunky paper-based process into a digital one. PXA was recently listed on the ASX with a market cap of $3bn.
FY21 underlying earnings doubled to $110 million and analysts are forecasting a further 20% increase in FY22.
CBA & Link are major shareholders.
Brambles is under Algo Engine buy conditions and has now been added into our ASX model portfolio.
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Buy Fortescue Metals Group at market and place a stop loss below the recent pivot low of $13.90
OZR:ASX is under Algo Engine buy conditions and we anticipate buying support to increase within the accumulation range of $10.50 to $12.50.
A sector sub-index of the S&P/ASX 200 Index, this index provides investors with exposure to the Resources sector of the Australian equity market as classified as members of the GICS® resources sector. Resources are defined as companies classified in the Energy sector (GICS® Tier 1), as well as companies classified in the Metals and Mining Industry (GICS® Tier 3).
Northern Star Resources has been in our model portfolio since 2015 and has now been sold for a 432% gain.
The Algo Engine has identified a lower high formation which is enough to remove it from the model for the short term. I expect to see it added back again in 2022.
GOR shifts to the top of the preferred gold holding list, with the momentum structure remaining positive.
The above chart shows the original entry signal from 2015 and the subsequent buy signals, as the 5-year rally developed in NST.
Gold Road Resources remains our preferred gold exposure.
For our Members, please find below the list of our latest Model Portfolio changes.
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James Hardie Industries was added to our model portfolio last month and is now up 13.5%
FY22 Guidance range has been upgraded from USD550-590m to USD580-600m.
After 20% growth into FY22 and FY23 analysts are forecasting slower growth of 10% in FY24. The stock trades on a forward yield into FY23 of 2.5% and a forward PE of 25x earnings
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