As featured in the Herald Sun on May 19th 2013 here are the latest buy, sell and hold recommendations from Geoff Saffer Equity Analyst & Educational Facilitator at the Australian Stock Report.
Geoff has over 10 years' experience researching and analysing Australian shares, with a passion for fundamental analysis and specialty in identifying undervalued companies - particularly at the smaller end of the market.
Shares to buy
Slater & Gordon (SGH) - Major capital raising has allowed company to expand its footprint in the UK market. We expect to see further consolidation in the UK, driving profit growth.
Vision Eye Institute (VEI) - Eye surgery clinic company is an exciting growth story. Capital raising has allowed VEI to pay down debt, expect dividends to start soon.
Shares to hold
Macquarie Group (MQG) - MQG recently jumped on FY13 results. Turnaround story still in play, but offers poorer value compared to buy recommendation back in December.
Carsales.com (CRZ) - Great business with strong margins but will have to continue acquisition march in order to justify current valuation multiples.
Shares to sell
Boart Longyear (BLY) - BLY's exposure to gold and copper mining could lead to protracted pain. At real risk of announcing a profit warning, following peers SDM, ASL and EHL.
ERA Limited (ERA) - Uranium sector still in doldrums and flagship Ranger mine has halted production. Funds generated from processing ore stockpiles are needed for mine rehabilitation.
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Buy, Sell, Hold Recommendations – Herald Sun 19/5/2013 is a post from: Australian Stock Report Share Tips
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