Stock Analysis Archives - Fairmont Equities

Bingo has risks, but shares can still climb

September 16, 2020 by Michael Gable

The waste industry in Australia is going through meaningful positive structural changes. This is due to the federal government’s National Waste Policy Action Plan, which has been supported by recently-announced funding. We examine the extent to which Bingo Industries (ASX:BIN) can capitalise on this favourable industry backdrop and whether we have a buying opportunity here. About Bingo Industries Bingo Industries is a vertically-integrated waste management and recycling company. The Company’s operating segments include Collections, Post-Collections and Other. The Collections segment …

When is it time to buy Woodside?

September 9, 2020 by Michael Gable

We recently reviewed Woodside Petroleum (ASX:WPL) after the Company reported its results for the six months to 30 June 2020 (1H20). With the share price continuing to fall despite some strong fundamental drivers, at what point does WPL become an attractive opportunity? About Woodside Petroleum WPL is an Australian-based exploration and production company. It has a portfolio of producing oil & gas assets. It is the largest independent oil and gas producer in Australia. The Company’s two flagship LNG operations …

The ResMed share price is set to recover

September 2, 2020September 2, 2020 by Michael Gable

ResMed (ASX:RMD) shares fell sharply from its all-time recent high in July 2020 after reporting 4th quarter results (4Q20) that were below market expectations. The last time the share price weakened so sharply was following the release of a quarterly result, 18 months ago, and on that occasion, there was a very quick rebound. While the reasons for the decline 18 months ago are different to those underpinning the most recent sell-off, we consider that there are a number of …

CIMIC shares attractive, but don’t buy yet

August 26, 2020 by Michael Gable

We recently revisited CIMIC Group (ASX:CIM) after the Company reported results for the six months to 30 June 2020 (1H20). COVID-19 restrictions having an impact on the business from a number of perspectives. These include delayed project awards, a slowdown in activities, and cash collection. Despite this, the Company reported an expansion in operating margins. In particular, EBIT margin in the Construction and Services divisions were better than expected. Can this momentum continue and what are the factors likely to …

Upside may be limited for AusNet Services

August 20, 2020 by Michael Gable

We recently reviewed AusNet Services (ASX:AST) after the Company reported its results for the 12 months to 31 March 2020 (FY20). With the shares recovering off lower levels, the key issues worth examining are: i) The extent to which distribution growth can recommence after the Company downgraded distribution guidance for FY21; ii) Whether the balance sheet can fund CAPEX requirements without the need for an equity raising and iii) The change in the regulatory risk profile. About AusNet Services AST …