Our Algo Engine generated a buy signal in James Hardie recently at $22.00.
The stock is a current holding within the ASX Top 50 model.
Based on 20% EPS growth into FY19, JHX now trades on a forward yield of 3%.
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
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks