Like
Michael likes Beach Petroleum (BPT). “A 2% drop in profit for the half year saw the share price tumble further,” says Michael.
“BPT traded above $2.90 less than a month ago.
“Weaker oil and gas prices justify a moderation, but at close to $2 it looks oversold to me.
“There were a number of takeover attempts at lower levels, and this may provide a backstop to any further falls,” he adds.
Source: Google
Dislike
“I don’t like AGL,,” Michael says. “Its half-year result last week I’ve seen 5 analysts upgrade their AGL target price by between 2% and 5%.
“Unfortunately every single one of these new target prices is below the current share price, in a range from $18.00 to $20.12.
“Also concerning is the dividend reduction, from 55 cents in H1 2018/19 to 47 cents for the half just passed.
“Many investors view AGL as a yield play, and a declining dividend could add further pressure on the share price,” he adds.
Source: Google
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