Our view towards HVN is very similar to JBH although there’s been no pop to fresh highs in 2022, it did try to rally in February after delivering its half-year results – EBITDA was down 3.3% while revenue fell 6.2% to $4.91bn. The latest 20c fully franked dividend puts the stock on a forecasted 7.1% yield over the next 12-months, certainly worth watching into weakness as a yield play but a move back towards $4.50 wouldn’t surprise short term.
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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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Performance for February & 4 stocks we like here and now
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Thursday 28th March – DOW up +477pts, SPI up +60pts
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MM is neutral HVN around $5
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