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.
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