MM’s thoughts on PGC & AZJ?
Can I have your thoughts on PGC & AZJ at current levels. Thank you
Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Can I have your thoughts on PGC & AZJ at current levels. Thank you
Hi Ian,
Paragon Care (PGC) 36.5c – this $228mn medical equipment business has endured an awful 4-years where its price fell from almost $1 to sub 10c, it may have bounced post COVID but we prefer businesses that went into COVID strong as opposed to struggling.
Aurizon Holdings (AZJ) $3.64 – this QLD based rail freight business continues to consolidate around the $3.50 area where we believe it represents solid buying, especially from a yield perspective i.e. its estimated to yield close to 7% over the next 12-months. However investors shouldn’t be too complacent as its recent earnings report saw both its dividend and coal haulage outlook cut, the dividend reduction being more of a requirement for the company as it moves ahead with its $2.35bn acquisition of One Rail Australia.
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