Sandstone Insights: bank share buybacks and top stock picks
Discover the latest investment strategies from Sandstone Insights, highlighting the $8 billion share buybacks by the big four banks and key stock recommendations, including Worley Limited, Mineral Resources, and Xero for 2024.
This video was recorded by Sandstone Insights on 9 May, 2024.
Need to know
- Australia’s Big 4 Banks' on-market share buybacks now total $8 billion.
- The sell-down by major shareholder Dar Group puts Worley (WOR) share price at an attractive entry price of approximately 15x FY25 PE ratio, still at a discount to global peers.
- A stretched valuation for Evolution Mining and positive catalysts ahead for Mineral Resources.
- Falling rates and inflation threaten Computershare's earnings base. Xero's focus on profitability could lead to earnings growth.
The information provided by Sandstone Insights does not constitute investment advice and does not have regard to the specific needs of any person who may receive it. No warranty is given as to the accuracy or completeness of the information and any person acting on it does so entirely at their own risk
This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Explore the markets with our free course
Discover the range of markets you can trade CFDs on - and learn how they work - with IG Academy's online course.
Turn knowledge into success
Practice makes perfect. Take what you’ve learned in this shares strategy article, and try it out in your demo account.
Ready to trade shares?
Put the lessons in this article to use in a live account. Upgrading is quick and simple.
- Trade over 13,000 popular global stocks
- Protect your capital with risk management tools
- Deal on 70 key US stocks out-of-hours, so you can react to news
Inspired to trade?
Put the knowledge you’ve gained from this article into practice. Log in to your account now.
Live prices on most popular markets
- Forex
- Shares
- Indices
