Rudi’s View: Noni B, Nanosonics, And Webjet

rudi-views
Always an independent thinker, Rudi has not shied away from making big out-of-consensus predictions that proved accurate later on. When Rio Tinto shares surged above $120 he wrote investors should sell. In mid-2008 he warned investors not to hold on to equities in oil producers. In August 2008 he predicted the largest sell-off in commodities stocks was about to follow. In 2009 he suggested Australian banks were an excellent buy. Between 2011 and 2015 Rudi consistently maintained investors were better off avoiding exposure to commodities and to commodities stocks. Post GFC, he dedicated his research to finding All-Weather Performers. See also "All-Weather Performers" on this website, as well as the Special Reports section.

Rudi's View | Mar 08 2019

In this week's Weekly Insights (this is Part Two):

-Reporting Season: Reality Versus Sentiment
-Conviction Calls
-Aussie Banks & Market Sentiment

-Have Your Say
-No Weekly Insights Next Week
-Rudi On TV
-Rudi On Tour


[Non-highlighted parts appeared in Part One on Thursday]

By Rudi Filapek-Vandyck, Editor FNArena

Conviction Calls

The February reporting season has triggered three changes to the selection of Conviction Buys at Wilsons, with each of GWA Group ((GWA)), Nanosonics ((NAN)) and Ruralco ((RHL)) no longer included.

Ruralco is now in take-over mode as the board has agreed with the $4.40 per share cash offering from Canada's Nutrien, while Nanosonics is facing temporary interruption from the change in relationship with GE come July, while last month's interim report by GWA has raised more questions, making Wilsons a little more cautious.

Stocks that remain on the Conviction List are Arq Group ((ARQ)), Bravura Solutions ((BVS)), Collins Foods ((CKF)), Ridley Corp ((RIC)), ImpediMed ((IPD)), EQT Holdings ((EQT)), Pinnacle Investment ((PNI)), Noni B ((NBL)), Ausdrill ((ASL)), Mastermyne ((MYE)), and NRW Holdings ((NWH)).

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Over at stockbroker Morgans, market strategists didn't think the reporting season was good enough to warrant the strong performance for share market indices. They are worried for a repeat of the August reporting season experience last year when, once fundamentals had been fully digested by investors, share price weakness starting kicking in once the season had concluded.


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