Methodology

GUIDE TO ORD MINNETT RECOMMENDATIONS

Our recommendations are based on the total return of a stock – nominal dividend yield plus capital appreciation – and have a 12-month time horizon.

 

SPECULATIVE BUY
We expect the stock’s total return (nominal yield plus capital appreciation) to exceed 20% over 12 months. The investment may have a strong capital appreciation but also has high degree of risk and there is a significant risk of capital loss.

 

BUY
The stock’s total return (nominal dividend yield plus capital appreciation) is expected to exceed 15% over the next 12 months.

 

ACCUMULATE
We expect a total return of between 5% and 15%. Investors should consider adding to holdings or taking a position in the stock on share price weakness.

 

HOLD
We expect the stock to return between 0% and 5%, and believe the stock is fairly priced.

 

LIGHTEN
We expect the stock's return to be between 0% and negative 15%. Investors should consider decreasing their holdings.

 

SELL
We expect the total return to lose 15% or more.
 
RISK ASSESSMENT
Classified as Lower, Medium or Higher, the risk assessment denotes the relative assessment of an individual stock’s risk based on an appraisal of its disclosed financial information, historic volatility of its share price, nature of its operations and other relevant quantitative and qualitative criteria. Risk is assessed by comparison with other Australian stocks, not across other asset classes such as Cash or Fixed Interest.

 

COVERAGE CRITERIA
OML's ability to deliver quality investment advice on the securities that we cover.

Spread of Ratings

From Ord Minnett Research

(As at 10 June 2016)

 

SPECULATIVE BUY - 5 - 2%

BUY - 34 - 17%

ACCUMULATE - 37 - 18%

HOLD - 96 - 47%

LIGHTEN - 25 - 12%

SELL - 8 - 4%

 

TOTAL - 205

 

 

From Ord Minnett Proprietary Research 

(As at 4 August 2015)

 

SPECULATIVE BUY - 3 - 6%

BUY - 19 - 37%

ACCUMULATE - 8 - 15%

HOLD - 18 - 35%

LIGHTEN - 3 - 6%

SELL - 1 - 2%

 

TOTAL - 52

Conflicts of Interest and Analyst Holdings

Sze Chuah and/or related parties holds stock in the following companies:

 

ASX Code      

Company

AMP 

AMP

APT 

Afterpay Touch

AWC

Alumina

CBA

Commonwealth Bank of Australia

CGF

Challenger

JHG

JanusHenderson

ORG

Origin Energy 

PRY

Primary Health Care

SXY

Senex Energy

TLS

Telstra 

WOR

 Worley Parsons

 

Jules Cooper and/or related parties holds stock in the following companies:

 

ASX Code       

Company

PPH

Pushpay Holdings Ltd

 

Walter Watson and/or related parties holds stock in the following companies:

 

ASX Code      

Company

APT

Afterpay Touch

AWC 

Alumina Ltd

BHP

BHP Billiton

CLV

Clover Corp

HUB

HUB24

MGE

Magellan Global Equities

NGI

Navigator Global

PAC

Pacific Group

RIO

Rio Tinto 

TBH

The Betmakers

WEB

Webjet

 

Athena Kospetas and/or related parties holds stock in the following companies:

 

ASX Code       

Company

HUO

Huon Aquaculture Group Ltd

 

Updated 29 November 2017. 

Ord Minnett Disclosures

Ord Minnett Limited acted as a broker, or as a manager or co-manager, in the offering of securities for the following companies in the last 12 months:


AMP Limited
Australia and New Zealand Banking Group Limited
Bendigo & Adelaide Bank Limited
Blue Sky Alternative Access Fund Limited
Blue Sky Alternative Investments Limited
Challanger Limited
Charter Hall Long WALE REIT
Commonwealth Bank of Australia Limited
Costa Group Holdings Limited
Crown Resorts Limited
G8 Education Limited
Helloworld Limited
Insurance Australia Group Limited
Macquarie Group Limited
Millennium Services Group Limited
National Australia Bank Limited

Netwealth Limited
Pacific Current Group Limited
Pinnacle Investment Management Group Limited
PropertyLink Group
Pushpay Holdings Limited
Qube Holdings Limited
Reliance Worldwide Corporation Limited
SeaLink Travel Group Limited
Shaver Shop Group Limited
Westpac Banking Corporation Limited

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