BUY HOLD SELL recommendations
JB Hi-Fi (JBH) operates 319 stores across Australia and New Zealand under the JB Hi-Fi and The Good Guys brands. It is recognized as the biggest player in the Australian consumer electronics and home appliance market, posting AUD$9.8bn in FY21. JB Hi-Fi Australia is the main revenue contributor at 67% in FY21, The Good Guys…
CSR (CSR) has announced an on-market share buyback of up to $100m and reaffirmed its FY23 outlook. Management highlighted the solid performance of its Building Products segment which is its largest revenue contributor at 72%, Aluminium sits at 13% and the balance is made up by Property at 12%. No hard numbers were offered in…
Orica (ORI) is a business tied to the resources boom and make no mistake, we are in the midst of one. The decarbonisation and electrification of the world coincidently requires a lot of stuff to be dug out of the ground. Orica’s main operations facilitate part of that process by providing explosives to the mining…
Worley (WOR) has come a long way since its start in 1893, an engineering company specializing in steam power. Its aim now is to deliver a more sustainable world and it is structuring itself to benefit from the current energy transition. It provides engineering, procurement and construction expertise to the upstream, midstream, chemicals, power, and…
Calix (CXL) is a business focused on creating new materials and processes to solve global challenges. It is on the more speculative end of the investment spectrum. CXL’s technologies are being used to develop environmentally friendly solutions for advanced batteries, crop protection, aquaculture, wastewater, and carbon reduction. Henry has been onto Calix(CXL) for a while and…
In a slowing growth, high inflation, and turbulent macro environment it is difficult to pick stocks. One that has managed to weather those headwinds with relative grace for a few reasons is Challenger (CGF). CGF is an Australian based investment management company with a vision to help its customers achieve financial security for their retirement.…
Sims Ltd (SGM) was one of the best performers of the February results season, currently up more than 24% since reporting half-year numbers. SGM is a metals and electronics recycling company that focuses on ferrous and non-ferrous metals recycling (for those who can’t remember their chemistry, ferrous means ‘with iron’), post-consumer electronic goods recycling, and…
Wisetech (WTC) offers a cloud-based solution to the global logistics industry. Enabling and empowering the world’s supply chains the glossy tagline on the first page of its annual report. Half-year results are on February 23. Full-year guidance of $600-635m requires 18-25% revenue growth which was reaffirmed back in November. Peak margin growth was one concern…
The nickel price has been on a significant rally for some time. The contract on the London Metal Exchange (LME) jumped to its highest since August 2011 in recent days. Sharp gains in the price have been fuelled by rising demand and shrinking inventories worldwide but the bigger picture is the electric vehicle theme and…
