Sandstone Insights: July's investment ideas on Karoon Energy, Mineral Resources, and CBA
Discover Sandstone Insights' Best Ideas featuring top stock picks Karoon Energy, Mineral Resources, and CBA. Learn about growth potential and how these companies are poised for future gains.
This video was recorded by Sandstone Insights on 9 July, 2024.
In the latest episode of Sandstone Insights' Best Ideas, investment strategist John Lockton and John Meagher discuss potential investment opportunities across various sectors, including minerals and healthcare.
Four key stocks to watch:
- Karoon Energy Limited: is set for potential dividend payouts and capital allocation updates on 25 July. The dividend yield is anticipated to be 4–5%
- Mineral Resources: the onslow iron ore project is now up and running with first ore being delivered on time and within budget, furthermore, the sale of 49% of the haul road has been signed, alleviating balance sheet pressure
- Commonwealth Bank of Australia:has strong cash flows, potential dividend surprises, and effective capital management make it a more favourable option compared to NAB, which faces emerging concerns and market share losses
- Sigma Healthcare: is overly optimistic regarding the prospects of merging with Chemist Warehouse. The current share price of ~20x merged entity EBIT implies flawless integration and execution.
- 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.
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