Australian Stock Report - Share Tips
Share to sell: WorleyParsons
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Publish date: Tue, 28 Jul 2015, 10:16 AM
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Our stock analysis blog provides information on stocks to watch and helps you figure out which are the best stock to buy. We use fundamental and technical analysis to identify the stocks tips that will supercharge your portfolio. We don't believe in choosing stock tips on rumours or hearsay. Our share tips use fundamental analysis, like price-to-equity ratios, cash flow analysis and net tangible assets, to identify the best share trading opportunities. We then use technical analysis, which is the study of price charts, to determine the best level to buy shares. We believe using the two school of investment analysis allows us the increase the chances of our share tips being successful.
Back in May WorleyParsons suggested second half FY15 earnings would be flat on the first half.
At the March quarter update the company noted revenues were holding up but margins were under pressure.
A lack of recent awards and project sanctions leaves the FY16 earnings picture as opaque.
The company can generate cash in a downturn, and its strong balance sheet offers acquisition potential, but we do not believe the downgrade cycle is over yet in an uncertain oil & gas industry.
In terms of some of the recent M&A deals, question marks remain.
Recent acquisitions such as Evans & Peck, Rosenberg and TWP have not brought the necessary earnings to justify the price paid.
On the technical front, WOR appears to be breaking down once more after forming a range over the past six months.
Momentum is to the downside and the stock is not yet oversold.
The post Share to sell: WorleyParsons appeared first on The Best Shares to Buy.
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