Michael Gable

Determining an investment opportunity with Mirvac

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After reporting well in August, Mirvac (MGR) is now trading near multi-year highs. Do the fundamentals stack up at these pricing levels, and what are the charts suggesting for an entry level? The fundamental viewpoint Mirvac’s EPS growth guidance of 6-8% for FY18 implies another year of strong EPS growth. While there are market concerns around a weaker level of EPS growth in FY19, driven by weaker Residential divisional earnings (as apartment volumes declines are skewed to Brisbane and Perth …

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Packaged for success

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This post formed the basis of an article that appeared in the October 2017 edition of the ASX Investor Update on 10 October 2017. Michael Gable is a regular expert contributor to the ASX. You can access the ASX version of the article HERE.   There is a small group of companies in our market that can display defensive characteristics but still go on to grow their profits when the economy improves. Packaging companies might seem a little boring and the products fairly unsophisticated. Cardboard …

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Video: Is there more upside in Galaxy shares?

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Michael Gable is an expert guest commentator for the Finance News Network. This video is dated 9 October 2017. Click on the image below to access the video:   Did you like this video? Share this page on Facebook and Twitter! Sign up to our newsletter. It comes out every week and its free! You can leave your email with us via the form on the right-hand side of this page. Otherwise you can email Michael Gable directly at michael@fairmontequities.com Disclaimer: The information in …

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Get ready to buy the dip in Santos

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Sentiment towards Santos has improved a great deal recently. The company has reduced costs and the price of oil seems to have stabilised for now. The interim update in August even managed to beat expectations. We looked at Santos a couple of times in the last few months, noting the bullish nature of the chart. The rally in the last few weeks further confirms our view. It now becomes clear that the stock has much more upside from here and …

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A beginner’s guide to writing covered calls

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INTRODUCTION A call option gives the holder the right to buy a security at a certain price (the strike price) by a certain date (the expiry date). Writing (selling) options is a strategy used to protect portfolio’s and also pick up additional income. It is ideal for long term investors who want to protect their shares without selling them. Only 15% of options are exercised and the rest are either closed early or expire worthless. An option is a decaying …

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