Sandstone Insights Best Ideas: November 2024
Gain expert insights into potential investment opportunities this November with a detailed analysis of Light & Wonder, Macquarie, and Xero from Sandstone Insights’ latest episode.
This video was recorded by Sandstone Insights on 8 November 2024.
In the latest episode of Sandstone Insights' Best Ideas, investment strategists John Lockton and John Meagher discuss potential investment opportunities in November.
Three key stocks to watch:
- Light & Wonder: has reaffirmed its financial year 2024 guidance for earnings before interest, tax, depreciation, and amortisation (EBITDA) at $1.4 billion. The high quality of the business and the large private equity discount to Aristocrat Leisure Limited, together with a significant growth pathway, makes Light & Wonder even more attractive
- Macquarie: share price has pulled back from record highs following lowered financial year 2025 estimated earnings guidance. Expect dividend reinvestment plan neutralisation window and potential restart of share buyback through November
- Xero: subscriber growth continues to look healthy and we expect Xero has made further market share gains. Price rises enhance profitability per customer, accelerating growth. The 'Rule of 40' is set to continue as operating costs decrease with scale.
- 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.
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