Cleo Nanni, Novus Capital


Range River Gold (RNG)

A gold producer with a clear and simple strategy, which offers excellent low-risk exploration opportunities and a self-funded growth plan. The company has an experienced board whose stgelopment capabilities and operational expertise is first class. JORC (Joint Ore Reserves Committee) reserves have been raised to 547,000 ounces with an annual production plan of 40,000 ounces.

Deep Yellow (DYL)

A uranium company, with operations in Namibia and Australia. Deep Yellow is well on track to becoming a producer in 2013/2014. The company has no debt, and continually strives to grow its uranium resource base through further discoveries and merger and acquisition activity.


BHP Billiton (BHP)

Recent production updates show enormous cash flows from the commodity cycle. While the iron ore price could fall, demand for commodities, particularly from China and India, should remain strong.

QBE Insurance (QBE)

A reported 39 per cent profit fall has seen the share price tumble from about $25 in January to $17.83 in early morning trade on September 10, 2010. But the company expects insurance margins to return to levels of between 16 and18 per cent on the back of forecast interest rate rises. The market will look more favourably towards this company.


ANZ Bank (ANZ)

The ANZ recently reported good profit numbers, and the share price has risen from $21.50 to almost $24 in early morning trade on September 10, 2010. The big four banks have done well since the global financial crisis, but the global economic outlook appears challenging and growth could slow. It may be prudent to take some profits.

Macquarie Group (MQG)

Earlier this month, Macquarie provided an outlook statement, confirming uncertain global conditions are impacting on activity levels and making short- term forecasting very difficult. Macquarie anticipates first half profit to September 30, 2010, to be down 25 per cent on the previous corresponding period.

Sean Conlan, Macquarie Private Wealth


OZ Minerals (OZL)

Oz Minerals has established a strong operational track record at Prominent Hill in South Australia. Copper is our preferred base metals exposure, and we believe this company is well positioned to generate strong short-term cash flow. It continues to pursue its regional and near-mine exploration program to extend the base-case life of the mine.

DuluxGroup (DLX)

The paint supplier’s defensive qualities leave it well placed in an operating environment of shorter, sharper cycles. The company has strong market shares, generates strong cash flow and offers sound balance sheet metrics.


Wesfarmers (WES)

This diversified industrial conglomerate is meeting or exceeding expectations in terms of sales, profit and cash flow growth from its retail businesses. The bulk commodity price cycle is again going to produce a super cycle of profit growth over full-year 2011, but this is captured in today’s share price.

Dexus Property Group (DXS)

The stock offers reasonable asset-based valuation support despite a bleak earnings outlook and execution risk amid a questionable strategy in relation to its US industrial portfolio.


Tassal Group (TGR)

A salmon farmer operating in a growing market that offers high barriers to entry. While returns under its 2015 business plan suggest a significant investment is more than justified, what’s now required is delivery of the operating and production efficiencies.

Harvey Norman Holdings (HVN)

A dominant retailer, but a deteriorating outlook for domestic and international businesses is a cause for concern. We expect the stock will be a moderate underperformer.

Richard Batt, Shadforth Financial Group


New Hope Corporation (NHC)

A coal producer and exporter to Asia and the Pacific region. The company also holds various exploration tenements in central and southern Queensland and owns a coal export terminal at the Port of Brisbane. The company has a strong balance sheet, plenty of cash and no debt. An attractive proposition for investors seeking exposure to an energy company with good growth prospects.

BHP Billiton (BHP)

A diversified portfolio of commodities just about says it all – petroleum, alumina, copper, gold, iron ore, coal, and nickel. Add top management and a strong balance sheet to get a premium resource exposure able to withstand volatility yet ever ready to meet growing demand for resources.


Toll Holdings (TOL)

Toll is one of the Asian region’s leading transport and logistics providers. This year’s cost saving initiatives leave the company well positioned to benefit from any improvement in economic activity to the benefit of investors.

Sims Metal Management (SGM)

A global leader in metals and electronics recycling, the company recently announced a strong result that exceeded market expectations in what has been a very challenging operating environment. The result highlighted a marked improvement in cost efficiencies, which will enable the company to take advantage of its competitive position and provide operating leverage when scrap prices stabilise.


Intoll Group (ITO)

Intoll has received an offer from the Canada Pension Plan Investment Board (CPPIB) of A$1.52 per security. Although the bid is attractive, based on where the security was trading prior to the offer, there’s a slight risk that the CPPIB could walk away, leaving the share price to fall. Sell on market now and put the proceeds to better use.

Tower Limited (TWR)

Tower provides a range of risk insurance and wealth management products and services to customers in New Zealand and the Pacific Islands. An immensely competitive insurance industry will continue to put pressure on Tower’s margins. With this in mind, investors could do better elsewhere in the financial sector.

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