Buy/Hold/Sell
A buy/hold/sell rationale on the following please . . . CCP NRW TYR Still enjoying your market commentary & insight. Thank you, Bernie
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Answer
Hi Bernie,
Three different stocks here but plenty of action in all them:
NRW Holdings (NWH) – this mining services contractor pushed to fresh decade highs on Thursday compounding gains since its strong report in August. This is a cyclical stock fund manager’s “trade” based on the earnings cycle which is also enjoying Chinas reawakening. UBS analysts think earnings per share will increase by 40% in the next four financial years but its not cheap at current levels and we would call ourselves a cautious Bull.
- We like NWH with a break above $4 looking likely into Christmas.
Credit Corp (CCP) – Debt collector delivered strong FY24 results in July and with the key for future earnings driven by the cost and availability of debts to buy, the backdrop is improving for CCP with interest rates set to remain higher for longer.
- We like CCP ~$17.50 with a push above $20- looking likely into 2025 – we’re now Bullish.
Tyro Payments (TYR) – TYR plunged to new 2-year lows this week as payment charges become a political football into next years Federal election – the governments looking to win votes by implementing a charges ban on tap style payments, we’ll be back to cash soon!
- TYR does seem reasonable value below 80c , but its too hard for us into Christmas – We’re now Neutral.
