18 Share Tips

weekly share tips

18 Share Tips – 18th September 2023

Toby Grimm, Baker Young   BUY RECOMMENDATIONS   BUY – ResMed Inc. (RMD) ResMed makes medical devices to treat sleep disordered breathing. The share price of RMD has significantly fallen since the company posted fourth quarter results in early August. Concerns about profit margins have overshadowed strong sales. Also, investors appear concerned that diabetes and…

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18 Share Tips – 11th September 2023

Stuart Bromley, Medallion Financial Group   BUY RECOMMENDATIONS   BUY – XRF Scientific (XRF)  XRF makes equipment and chemicals used in preparing samples for analysis for the mining industry. The company reported sales revenue of $55.2 million in fiscal year 2023, up 38 per cent on the prior corresponding period. The capital equipment division lifted…

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18 Share Tips – 4th September 2023

Michael Gable, Fairmont Equities   BUY RECOMMENDATIONS   BUY – IGO Limited (IGO) IGO is a nickel and lithium miner. The shares fell from $16.12 on July 14 to $12.33 on August 17. It has since found buyer support to trade at $13.775 on August 31. Momentum indicators have also triggered a buy signal. Fears…

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18 Share Tips – 28th August 2023

Tony Paterno, Ord Minnett   BUY RECOMMENDATIONS   BUY – Endeavour Group (EDV) The company operates liquor outlets, hotels and gaming facilities. Group net profit after tax of $529 million beat our estimates by 3 per cent, and was largely driven by stronger-than-expected operating profit margins in the hotels segment. We think liquor demand is…

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18 Share Tips – 21st August 2023

Jed Richards, Shaw and Partners   BUY RECOMMENDATIONS   BUY – CSL (CSL)  The biotechnology giant was sold off aggressively in June following a trading update that missed positive market expectations. Investors appear too narrowly focused on CSL’s legacy businesses at the expense of the newer growth opportunities that are showing potential. I see the…

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18 Share Tips – 14th August 2023

Christopher Watt, Bell Potter Securities   BUY RECOMMENDATIONS   BUY – South32 (S32)  South32 is a diversified mining and metals company. Commodities include aluminium, alumina, manganese, nickel, silver and coal. The company offers exposure to commodities that play a vital role in powering the green energy transition. S32 is reducing costs and has a strong…

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18 Share Tips – 7th August 2023

Arthur Garipoli, Seneca Financial Solutions   BUY RECOMMENDATIONS   BUY – IGO Limited (IGO) IGO owns and operates nickel mines in Western Australia. IGO also has a stake in the Greenbushes lithium mine via a joint venture. The company recently reported underlying EBITDA of $636 million for the June quarter, an increase of 19 per cent…

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18 Share Tips – 31st July 2023

Stuart Bromley, Medallion Financial Group   BUY RECOMMENDATIONS   BUY – Goodman Group (GMG) This global industrial property giant has an occupancy rate of 99 per cent, with quality long-term tenants. The company continues to build for the future, with $13.9 billion of projects in the pipeline. Particularly encouraging in the near term is the…

weekly share tips

18 Share Tips – 24th July 2023

Harrison Massey, Argonaut   BUY RECOMMENDATIONS   BUY – Centaurus Metals (CTM) This aspiring nickel sulphide producer recently acquired the offtake rights to future production at its Jaguar Project in Brazil, which we believe is transformational for the company. Centaurus now has control and options over future nickel sales from Jaguar. In our view, CTM…

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18 Share Tips – 17th July 2023

Tony Paterno, Ord Minnett   BUY RECOMMENDATIONS   BUY – Harvey Norman Holdings (HVN) We have reduced our fiscal year 2023 underlying pre-tax profit forecast by 10 per cent to $676 million. We have lowered our fiscal year 2024 underlying pre-tax profit forecast by 6 per cent to $655 million. Despite revisions to our near…