Like

Michael likes, the active fund manager, Janus Henderson (JHG), which will realise its Q1 result this week. “Its share price is rising into the event, alongside a general lift in the outlook for active managers,” he says.

“It is diversified geographically and across asset classes and despite the recent share price lift, the P/E is still around 9x.

“The report on Wednesday could be a catalyst for further gains,” he adds.

Source: Google

Dislike

Michael doesn’t like Altium (ALU). “The software as a service provider is buoyed by the global support for higher growth stocks and could be an important company of the future,” he says.

“The problem is a higher P/E ratio (around 50x) and the fact that it is in an earnings (consensus) downgrade cycle.

“A breach of $32 on the downside, and potentially $30, would introduce significant downside risk,” he adds.

Source: Google

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