Taking Profit on TWE

After our buy signal on TWE.ASX at $9.20 we’ve started locking in the gains (PE now 27x). The stock rallied 15% during the last week following better than expected earnings result.

FY17 and FY18 should see EPS growth in the mid teens. Fy17 EPS forecast $0.37 and 2.5% yield on revenue of $2.6b and EBITDA of $550m

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TWE

Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks