Question: If Charlie has changed his recommendation for Star (SGR), does it necessarily follow that Ainsworth (AGI) and Aristocrat (ALL) will be similarly affected and the recommendation changed on them as well? Aristocrat is about $21.00 and the forecast is up to $30.00. Or do they have a degree of insulation in some way?

Answer (By Charlie Aitken): No, still very positive on Aristocrat. It remains far more leveraged to market share gains in the USA and a growing percentage of annuity earnings.

Question: I have received a shareholder offer for up to 15,000 units in Centuria Industrial (CIP) at a price of $2.45. This offer closes Wednesday 9 August.

Currently the price is $2.45 so in the offer you are saving on brokerage and the forecast yield is 8.4% paid quarterly.

I bought them as TIX at average $2.00.

Are they still a buy at this price?

Answer (by Paul Rickard): Thanks for the question on Centuria Industrial (CIP).

The share purchase plan is at $2.45, a small discount to the current price of $2.50.

I am a little nonplussed about property trusts, although this is an industrial fund with a forecast distribution yield of 8.2% in FY17 rising to 8.3% in FY18.

I can only find one major broker who covers it and that is Morgans. They have an ‘’add” recommendation and a target price of $2.58 on the stock.

Question: What is the meaning of the columns “Previous EF” and “New EF” in Buy, Sell, Hold – what the brokers say?

Answer (By Paul Rickard): EF stands for earnings forecast (on a cents per share basis). These are consensus forecasts, which change when one or more of the brokers change their earnings forecasts.

Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regards to your circumstances.