Buy, Sell, Hold Recommendations – Herald Sun 29/9/2013

As featured in the Herald Sun on September 29th 2013, here are the latest buy, sell and hold recommendations from Geoff Saffer Equity Analyst & Educational Facilitator at the Australian Stock Report.

Geoff has over 10 years’ experience researching and analysing Australian shares, with a passion for fundamental analysis and specialty in identifying undervalued companies – particularly at the smaller end of the market.

Buy Shares

Lend Lease (LLC) – Expect LLC to build on solid FY13 performance, underpinned by strong project pipeline, infrastructure activity. Balance sheet allows for possible acquisitions.

Empired Ltd (EPD) – Expanding IT Services company looks set to continue fast-paced growth on back of recent strategic acquisition. Expect earnings to almost double in FY14.

Hold Shares

Medusa Mining (MML) – We remain wary of the gold sector, but MML’s production is now ramping up, costs remain extremely low and valuation is more appealing than its peers.

Australian Agricultural (AAC) – Has just undertaken a massive capital raising, shoring up its balance sheet. Needs to successfully shift sales overseas to achieve higher beef prices.

Sell Shares

SCA Property (SCP) – Property trust offers solid yield and surety of Woolworths tenancy. But more than offset by lack of growth and underlying weakness in specialty store occupancy.

Oroton Group (ORL) – Has some growth prospects, but lucrative Ralph Lauren contract has ended, highly-regarded CEO has left and stock trades at too high a premium to sector.

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