Fairmont Equities

Too late to buy FMG? Not according to the chart

The last several weeks has seen Fortescue (FMG) bounce strongly from nearly $4.50 to over $5.80. Some analysts are getting nervous with the iron ore price up here, but is there even more upside for FMG? We have seen some huge moves in the price of iron ore during the last 12 months. Measured in $US/tonne, we’ve seen it rally from under $50 to over $80 earlier this year. It dropped back to the low $50’s in May and is …

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A brief analysis of Nufarm as an opportunity

The following is a small extract taken from a research report sent to our clients on 11 July 2017. Nufarm (NUF) is a Melbourne-based crop protection and specialist seeds companies. The Company produces products to help farmers protect their crops against damage caused by weeds, pests and disease. The Company’s sales are exposed to demand from the agricultural sector of the respective economies in which it operates, as well as weather conditions, which can create year-to-year volatility in sales. This …

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Will You Have Enough to Retire and How Shares Can Get You There

Statistics show that three in five Australians feel they do not have enough money to retire. This mortgage choice survey also identified that 54 per cent of Australians start planning for retirement when they are over 50 years old. These are alarming figures if you want to retire on a comfortable level. Below is a guideline set by the ASFA (Association of Super Funds of Australia) outlining annual costs involved for a modest and comfortable retirement. The below table assumes …

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Time to sell Suncorp up at these levels

We bought the banks a few weeks ago and believe that they can head higher. But that view doesn’t extend to Suncorp (SUN). It is currently trading near $15, and the rally in June has almost been explosive. However that could be as good as it gets.  Based on the way it is trading here, there is potential downside of over 30 per cent. This means that we could be seeing a great shorting opportunity open up here. Looking at …

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Woodside about to trigger a BUY on the chart

Back in August last year we published an article in the Australian Financial Review with our views on the chart for Woodside (ASX:WPL) and how it was shaping up as a trade. We noted at the time that Woodside was looking positive again and that it should head up towards $33. With oil prices drifting back this year, let’s have another look at the chart and determine if recent weakness is providing us with another opportunity, or whether it is …

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