Sequoia Wealth Management

BUY Monadelphous hous (MND)

The company recently reported a firm set of numbers. Both profits and cashflows are trending north. There’s plenty of cash on the balance sheet.

Worley (WOR)

Engineering services company Worley offers good way to gain exposure to the strong energy thematic. Its recent result was ahead of expectations and Covid impacts were minimal.

HOLD Wesfarmers (WES)

Attractive on valuation grounds and pays a respectable fully franked dividend yield. Bunnings is the leader in Australian home improvement retailing.

JB Hi-Fi (JBH)

Recently reported well. They have managed the supply chain issues better than other retailers. The 5 per cent fully franked dividend yield on offer seals the deal.

SELL Platinum Asset Management (PTM)

Long-term downward share price momentum remains in play for the fund manager. Brighter spots appear in other sectors.

Tyro Payments (TYR)

Operating costs are on the rise. Tyro needs to spend more on staff and marketing in order to support growth. Other companies appeal more.