Michael Gable, Author at Fairmont Equities

“Your Stock Request” – 1 June 2023

June 1, 2023 by Michael Gable

“Your Stock Request” is a weekly video where we analyse share price charts for stocks on the Australian market (ASX) as requested by you! Email us at mail@fairmontequities.com with your stock request. Limit of one per person, no guarantee of a mention. This week’s stock request: (ASX:MP1), (ASX:ANO), (ASX:SFR), (ASX:IAG), (ASX:QAN) Michael Gable is managing director of Fairmont Equities. Latest prices available on the ASX website. You can learn more about technical analysis in this article. An 8-week FREE …

Time to buy the dip in HUB24?

June 1, 2023 by Michael Gable

We recently researched HUB24 (ASX:HUB) following a Company update and recent acquisition. We took a NEUTRAL view on the shares on the basis that there was downside risk to earnings growth over the medium term and the fact that the announced acquisition was not well received by the market. Our charting analysis also indicated the likelihood of some further downside towards $25. With that downside target now achieved, do current levels present a more attractive entry opportunity? Overview of HUB24 …

Why do companies raise funds via share purchase plans and not debt?

May 25, 2023 by Michael Gable

A share purchase plan is a way for companies to raise capital. This capital can then be used for to pay down debt, invest in the business, fund a new acquisition, etc. It is an offer to existing shareholders to purchase further shares usually at a discounted price to what the stock is trading on the market. Companies can also raise funds through debt financing. However, there are some reasons why companies prefer to use equity financing. Benefits of equity …

“Your Stock Request” – 25 May 2023

May 25, 2023 by Michael Gable

“Your Stock Request” is a weekly video where we analyse share price charts for stocks on the Australian market (ASX) as requested by you! Email us at mail@fairmontequities.com with your stock request. Limit of one per person, no guarantee of a mention. This week’s stock request: (ASX:XRO), (ASX:JBH), (ASX:APA), (ASX:STX), (ASX:OCL) Michael Gable is managing director of Fairmont Equities. Latest prices available on the ASX website. You can learn more about technical analysis in this article. An 8-week FREE …

Is the upside already priced into Sonic Healthcare?

May 24, 2023 by Michael Gable

As a Company that enjoyed elevated earnings from COVID testing during the pandemic, Sonic Healthcare (ASX:SHL) has emerged from COVID well. The base business margins are resilient and the balance sheet is stronger. This provides ample liquidity for capital management and further acquisitions. Likewise, its share price has recovered from its lows earlier this year after an impressive interim result for the six months to 31 December 2022 (1H23), With this in mind, we recently researched Sonic Healthcare in The …