Like
Michael McCarthy likes coal miner and oil and gas producer New Hope Corp (NHC).
“NHC is set for state government approval for its Acland stage 3 project after the Queensland Court of Appeal dismissed an action from Oakley Coal,” he said.
“Trading on a modest multiple, its share price is 50%+ down from its 2019 high.
“One for those who like buying straw hats in winter,” he adds.
Source: Google
Dislike
On the other hand, Michael doesn’t like building products group CSR (CSR). ‘CSR’s shares jumped last week after management unveiled a lift in headline profit and a 4 cent special dividend,” he said. “However, the previous year’s profit was affected by write downs, continuing revenue slipped 4%, and core earnings dropped 18%.
“I’m happy to take profits on post-result strength in light of weaker operations.
“Its chart looks troubling, with repeated failures at $4.40,” he adds.
Source: Google
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