Mirvac reported 1H22 operating EPS of $0.075. FY22 guidance was reaffirmed at $0.15, aided by higher commercial development profits.
We continue to view the apartment and commercial pipeline as a key driver of growth following a softer-than anticipated 1H22 update.
MGR is now trading on a forward yield of 4%.
Gold Road Resources remains our preferred gold exposure.
8/2/22 Update: Algo investors are likely already set in GOR. Traders will now be recognizing the first test, first fail, (FTFF), and will be setting their entry and stop loss.
14/2 update:
The graph of the S&P500 shows a continuation of the bullish move and a recent Algo Engine buy signal at the January low. Short-term we have faltering momentum with overhead resistance at 4590 in the S&P500 index.
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Traders will be monitoring next week’s price action based on the above pattern.
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Betashares Global Cybersecurity is under Algo Engine buy conditions and is a current holding in our All ASX ETF model portfolio.
We see support building at $7.00 and expect 5 to 10% upside in the next 6 weeks.
7/4/22 HACK Update: Since writing the above post, HACK has rallied to a new higher low formation at $9.76. Buy HACK at market and run a stop-loss below $9.76.
Woolworths Group announced a disappointing trading update which revealed COVID had weighed heavily on earnings during the first half. The retailer anticipates $215mil in COVID-related expenses and before tax profit to fall from $1.3bn to $1.2bn.
We see value in the stock within the highlighted price range.
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Sonic Healthcare is under Algo Engine buy conditions. The underlying earnings remain strong and we expect buying support to build within the $34 – $38 price range.
Woolworths Group announced a disappointing trading update which revealed COVID had weighed heavily on earnings during the first half. The retailer anticipates $215mil in COVID-related expenses and before tax profit to fall from $1.3bn to $1.2bn.
We see value in the stock within the highlighted price range.
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