Michael Gable

Determining if Estia Health is now finding support

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The share price of Estia Health (ASX:EHE) has fallen significantly since the Federal Budget in May. We determine whether it now looks like a low risk buy from current levels. We also analyse the chart to determine whether we can see any share price support. Overview of Estia Health Estia Health is one of the largest private providers of residential aged care services in Australia. The Company has 68 homes in four Australian states. There are a further two homes …

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Time to buy oOh!Media?

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In late June, oOh!Media (ASX:OML) announced the acquisition of Adshel. We had researched the company before this announcement. Given the recent share price weakness, we quickly review the Company and determine whether the charts tell us that now is the time to buy. Overview of oOh!Media OML has a national portfolio of Out-of-Home (OOH) advertising spaces throughout Australia across four segments: Road – Large format roadside billboards; Retail – Sites located in retail precincts such as shopping centres and supermarkets, …

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Share tips

Share tips – 9 July 2018

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Share tips and stock recommendations for the Australian (ASX) share market – buy, hold, and sell. Michael Gable is an expert guest commentator for the stock market newsletter thebull.com.au. This post is an extract from the newsletter dated 9 July 2018. You can access the full version of the article HERE.   BUY RECOMMENDATIONS ASX:NST NST remains in a long term uptrend and is ready to head higher after a recent pullback. NST has now made a small 3-wave correction on top of …

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Why Orora is still a buy up at these levels

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Orora (ASX:ORA) is a stock which has been a favourite of ours for the last few years. With it now trading only a few cents off its all time high, could we possibly believe it to still be a buying opportunity? Here we lake a brief look at ORA’s fundamentals as well as technicals. About Orora Around two-thirds of the Company’s earnings are generated from the Australasia division. This comprises two business group: Fibre and Beverages. The Fibre business includes …

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Is there further upside for Downer EDI?

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Downer EDI (ASX:DOW) has rallied strongly since early April and recently closed at an all-time high. Are current levels justified and is there enough momentum to hold on to the shares? Downer EDI a leading provider of integrated services in Australia and NZ. Following the acquisition of ASX-listed Spotless Group in 2017, DOW’s business now comprises six divisions: Transport, Utilities, Rail, Engineering, Construction and Maintenance (EC&M), Mining and Spotless. By way of background, Spotless is a provider of outsourced facility …

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