Downer EDI

Downer EDI is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

The company reaffirmed FY20 net profit after tax guidance of $365m, which represents 7% growth on the same time last year.

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Dow trades on a forward yield of 3.7%.

We see value in accumulating the stock within the $7.50 – $8.00 price range.



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