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Boral has been under Algo Engine sell conditions since forming a lower high at $5.75 back in July.
The share price is now down 30% from the July high and much of this selling occurred yesterday following the FY19 earnings result. Underlying NPAT was down 7%, at $440m & EBITDA was down 2%, at $1,037m.
A pick up in US housing and local infrastructure spending should help to underpin Boral’s earnings. The stock trades on 10x earnings and a forward yield of 5%.
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Tassal Group is now under Algo Engine buy conditions following the higher low formation at $4.30.
Tassal Group is not a core holding and is viewed as a shorter-term trading opportunity. We’re looking for the momentum indicators to turn higher and buying support to build within the range displayed on the chart below.
Accumulate within the $4.00 to $4.30 level.
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{ASX:SKI) is under Algo Engine buy conditions.
The company report 1H19 result EBITDA $412m and the dividend was as per guidance at $0.075 with $0.15 reiterated for the full year. Spark Infrastructure remains attractive in a low-interest-rate environment, offering 6.5% forward yield.
Ramsay Health Care is under Algo Engine sell conditions and we may see further weakness in the share price down to the $62 level.
FY20 earnings outlook suggests 2 – 4% EPS growth supporting a forward dividend yield of 2.3%.
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