Fortescue’s roster changes signal waning of the cashed-up FIFO era
Margaret Giles, Edith Cowan University Andrew “Twiggy” Forrest’s Fortescue Metals Group will change their rostering system in an effort to drive down their wages bill. It’s a move likely to be seen as good news by shareholders, and made as iron ore prices fall, demand for commodities softens, growth in China slows and as ratings…
18 Share Tips – 13 April 2015
Michael Gable, Fairmont Equities BUY RECOMMENDATIONS Greencross (GXL) This pet care company is consolidating fragmented vet services, pet accessories and food sectors, targeting a market share of 20 per cent. There’s clear upside potential through acquisitions and increasing market share. The chart is telling us that it may dip towards $7, which would be a…
The problems with relying on the bank of mum and dad
Mamiza Haq, The University of Queensland Ask a parent how far they would go to support the financial aspirations of their children, and chances are they will say: “Yes, if I had the money I would be happy to act as a guarantor for my children to purchase a property.” Australian capital city house prices…
18 Share Tips – 7 April 2015
Carey Smith, Alto Capital BUY RECOMMENDATIONS Legend Corporation (LGD) This engineering solutions provider to the electrical, information technology, semiconductor and medical industries produces excess cash from its operations, enabling the company to pay out a large proportion of earnings as dividends. Recently trading on a price/earnings multiple below 8 times and a fully franked dividend…
Bond yields and what they tell us about the economy
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18 Share Tips – 30 March 2015
Simon Herrmann, wise-owl.com BUY RECOMMENDATIONS Newcrest Mining (NCM) One of the most technically sound gold equities and Cadia Valley belongs to one of the lowest cost operations in the world. All in sustaining costs at December 31, 2014 were $917 per ounce. Cost saving incentives resulted in improved margins, which could allow for debt repayments….
18 Share Tips – 16 March 2015
Simon Herrmann, wise-owl.com BUY RECOMMENDATIONS Spring FG (SFL) Profitable since its first full year of operation, Spring Financial Group is on course to generate its third consecutive year of increased revenue and earnings. The company is now seeking to complement organic expansion with acquisitions. Supported by high dividend payouts and an undemanding valuation, the outlook…
Everyone Is Guessing When It Comes To Oil Prices
Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an abundance of market indicators that while important, tend to produce a lot of noise that makes any accurate estimate…
18 Share Tips – 9 March 2015
Jonathon Feil, Morgans Financial BUY RECOMMENDATIONS Ensogo (E88) The largest e-commerce player in South East Asia, E88 has been through a process of integrating operations and reducing costs. VIP Shop (NYSE:VIPS), a $14 billion peer (versus E88’s $65 million market cap) just made a $6.3 million strategic investment in the firm, validating the business model….
18 Share Tips – 16 February 2015
Matthew Felsman, Shaw Stockbroking BUY RECOMMENDATIONS Seven West Media (SWM) With interest rates at historic lows, high yielding stocks are rallying led by the high quality banks. I think other companies will start to play catch up. Fundamentally and technically, Seven West Media appeals. Recently, the fully franked stock was yielding 8.3 per cent. It…
