Michael likes ANZ Bank (ANZ). “The negative sentiment in the sector is weighing on ANZ’s share price,’ he says.
“However, ANZ acted ahead of its peers in re-shaping its business, and has a relatively clean bill of regulatory health. Assuming steady dividends, the cash yield is 6.6%, with franking it’s 8.5%,” he adds.
Source: Google
Michael doesn’t like Computershare (CPU). “The recent run-up takes CPU to a PE of around 18x – in my opinion, too rich given the unexciting underlying activity,” he says.
“The long-term risk from the introduction of block chain technology to share settlement systems could mean this is a good time for shareholders to depart,” he adds.
Source: Google
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