HOLD NextDC (NXT)
The data centre operator delivered impressive half-yearly results, underscoring its operating leverage and margin expansion potential. Medibank Private (MPL)
Medibank’s encouraging firsthalf figures were primarily due to strong policyholder growth and tight cost controls.
SELL
Incitec Pivot (IPL)
Production issues at its Waggaman plant in Louisiana USA are disappointing and reduce confidence it will capture soaring fertiliser prices.
GrainCorp (GNC)
Two bumper crop years and global grain supply issues see the share price flying high. However, it is difficult to see how the outlook could improve materially from here and we feel taking profits is warranted.