In two separate posts under my Its Over thread, I made the following posts
“I'm sensing the correction is starting to look over with a possible resumption, albeit choppy, of an uptrend. Unless the FBI raid on Michael Cohen, Trump's lawyer yields something tangible to upstage the presidency (this was the cause of a 400 point turnaround in the Dow in the last hours of trade yesterday).”
“To take advantage of positive sentiments emerging short term, both BHP and PPS look to be trending well technically.”
I think it is worth the while to start toe dipping back into the market , selectively and am focusing on the following 4 stocks:
APPEN (APX)
Bell Potter has a 12 month price target of $11, a 25% upside from here.
AFR has a spotlight on APX in today’s edition citing this Bell Potter upgrade from HOLD to BUY
BHP
Macquarie Bank has a price target of $35 and it is trending well technically.
Equity Story has this as its trending stock BUY as well.
Up more than 2% this morning
PRAEMIUM (PPS)
Consistent with flight to quality shift, IMO good fundamental value, sp has dropped 32% from its high of 88.5c
PTB GROUP
Business
Pacific Turbine Brisbane is a specialist engine workshop and sales facility located near the Brisbane Airport offering tailored solutions to its customers. It has a large inventory of turbine engines and turbine engine components with a dedicated and highly experienced team of engineers, sales and technical representatives.
The principal activities are:
- Specialist repair and overhaul of PT6A and TPE331 turbine engines at its dedicated Brisbane facility;
- Managing the repair and overhaul of engines at third party overhaul shops on behalf of its customers;
- Trading in spare parts for engines and components;
- Trading in parts (other than engines) for its customers;
- Long-term engine management contracts for the above activities that provides our customers with a guaranteed efficient, expert, and timely service for all their engine and component needs. This also provides significant commercial benefits as our customer’s cashflow is matched to their operational activity, providing better working capital management and “peace of mind”;
- Managing repair and overhaul and trading in non PT6A and TPE331 turbine engines and component parts; and
- Short and long term aircraft, turbine engine, and turbine engine component rental, leasing, and finance.
- 62.749m shares @ 55c = $34.5 m market cap
- Annualised revenue of circa $38m , 1H 2018 Revenue $18.9m , Mkt cap/Revenue ratio =0.91x
- Half year Net Profit Before Tax $1.9m, Annualised $3.8m , P/E of 9x
- Fully franked dividend of 5c , dividend yield of 9.09%
- NTA Backing of 66c > current share price
