Skip to Content

Your view on several stocks

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

The Latest Q&A

Question asked

Your view on several stocks

Hi Team, I would like to hear your comments on RMD, APA, PPT, & LYC. I notice that most companies are cutting their dividends savagely and some subtly by cutting the franking rather than the dividend. Some cut both. I was particularly disappointed by WDS and WHC who are supposed to be making money hand over fist. Is this trend likely to continue into 2026? Thank you for your excellent opinions and thank you for ADMITTING your mistakes without a lot of spin or simply silence on the subject. Few advisory companies have the integrity and courage to do this. If you don't make mistakes you aren't working. No one gets it right all the time. Paul


Hi Paul,

Firstly, thanks for the thanks. There is simply so much B/S out there and we’re glad to be delivering a service void of that, something we set out to do nearly 10 years ago now and something we put a lot of hours in each week to deliver.

  • APA: We covered it in another question here. We still like it, but we’ve been wrong for now. Great value below $8 we think.
  • RMD: Recovery continuing – not as compelling now after its bounce but we intend to remain patient.
  • PPT: Very average result, they still have a problem on costs which are increasing at a higher clip than revenue. Never a good dynamic. If we held, we’d probably wait for a deal to come to fruition in some form, but could not buy it here.
  • LYC: Rare-Earths market will improve, similar view to our position in Iuka (ILU), we think the worst is behind it.
  • Whitehaven Coal (WHC) conserved cash given their large acquisition. We think this makes sense in the short term. We like WHC more for growth than dividends from here though, with New Hope (NHC) our preferred coal stock for income.
  • Woodside (WDS) will produce lower earnings in FY24 than FY23, so their dividend should be lower (Est EPS in FY24 of $1.4 v $1.73 in FY23).
Back to top