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BUY Avita Medical (AVH)
The company helping burns patients with its spray-on skin product has a number of catalysts coming up in June, with an expansion into soft tissue repair and vitiligo. We see clear upside on any positive news.
Universal Stores (UNI)
A recent trading update has led to a sell-off in the share price. However, this looks overdone, the stock is cheap at eight times and still has plans for growth with their store network .
HOLD EBR Systems (EBR)
This med-tech company has just had some favourable pivotal trial results with its wireless pacemaker device.
Webjet (WEB)
After surviving Covid and now carrying a better cost base, consolidated systems and a large US business, there are opportunities to grow market share.
SELL Xero (XRO)
It recently reported a good result with healthy revenue growth and an impressive lift in free cashflow, but with the share price up nearly 20 per cent and looking overbought, profits can be taken.
Incitec Pivot (IPL)
The significant fall in fertiliser prices in recent months has weakened the company’s outlook, and fertiliser prices are expected to fall further.
Sean Conlan CC Equities BUY Leo Lithium (LLL)
The company reported drill results from Mali’s Goulamina Lithium Project, with thick and high-grade intercepts. Recent assay results indicate material resource upside.
Costa Group (CGC)
We forecast a strong earnings per share rebound in calendar 2023 - up 60 per cent - off a low base, and driven by a partial recovery of 2022 citrus impacts.
HOLD Lendlease Group (LLC)
A sale of part of Lend Lease’s Australian Communities business could result in a oneoff profit that would benefit 2023-24 earnings. Universal Store Holdings (UNI)
Recent trading suggests youths are not entirely immune to macro pressures. That underpin our caution towards Universal Store as it cycles through a tough 2023.
SELL Amcor (AMC)
Cost of goods inflation, declining volumes and a leveraged balance sheet in a high interest rate environment are headwinds for Amcor.
Domino’s Pizza Enterprises (DMP)
Domino’s is still in a postCovid sales downcycle, and wage inflation is impacting franchise profitability.