The Airlie Australian Share Fund launches today giving investors the “opportunity to access an experienced investment team with a proven track record of prudent, common sense investing.”
Recent acquired by Magellan Financial Group Ltd (ASX:MFG), this is the first time retail investors will be able to access an Airlie fund.
The new fund will hold a concentrated basket of around 25 quality Australian listed companies – Airlie’s best ideas. The Fund’s primary objective is to provide long-term capital growth and regular income through investment in Australian shares.
In its Quarterly Stocks in Focus, the Airlie team give a flavour of the companies that might make the grade. Here are 5 of the names…
1) Aurizon Holdings Ltd (ASX:AZJ) is the world’s largest transporter of coal from mine to port, primarily across NSW and Queensland.
In February, Aurizon reported first half revenue fell 3 per cent, and underlying profit fell 5 per cent. It declared a 14 cent interim dividend, 50 per cent franked.
In March, Credit Suisse upgraded its rating on Aurizon to outperform from neutral with the share price target raised to $4.85 from $4.75.
The Aurizon share price has fallen 24 per cent over the last 12 months, currently trading at $4.29. Aurizon shares current trade on a forecast dividend yield of 6 per cent.
2) Bingo Industries Ltd (ASX:BIN) provides waste-management and recycling solutions primarily to business in NSW and Victoria. Bingo has about 30 per cent market share of Sydney’s waste collection.
In February, Bingo reported first half revenue growth of 43 per cent and profits up 37 per cent. It declared a fully franked interim dividend of 1.72 cents per share. It said the positive business momentum has continued, recently reiterating its upgraded full year profit guidance.
The Bingo Industries share price has jumped 64 per cent higher in the last 12 months, currently trading at $2.70.
3) With 300 stores, JB Hi-Fi Limited (ASX:JBH) is the low cost retailer in consumer electronics and household goods.
Last month the JB Hi-Fi share price slumped after saying it expects FY18 profits to be lower than its previous guidance.
Despite that, Ellerston Capital also remains a fan, recently saying JB Hi-Fi shares are trading at a significant discount to the share market and its historical rating.
The JB Hi-Fi share price has gained 4 per cent over the last 12 months, currently trading at $24.10. JB Hi-Fi shares trade on a forecast fully franked dividend yield of 5.4 per cent.
4) Macquarie Group Ltd (ASX:MQG) is a global provider of funds management, financial advisory, banking and financial services.
It differs from the big four banks in that it has a global footprint, and its profits are derived more from its fund management business than traditional banking.
The Macquarie Group share price has gained 27 per cent over the last 12 months, currently trading at $113.54. Macquarie shares trade on a forecast dividend yield of 4.8 per cent.
Macquarie Group is a member of The Capital Club 10 Blue Chips.
5) Premier Investments Limited (ASX:PMV) operates a number of specialty retail fashion chains, including Smiggle, Peter Alexander and Just Jeans.
Airlie says Premier now boasts 150 Smiggle stores in the UK and Asia and further growth overseas beckons for a company that earned $1.1 billion in revenue in fiscal 2017.
The Premier Investments share price has gained 23 per cent over the last 12 months, currently trading at $15.75. Premier Investments shares trade on a forecast fully franked dividend yield of 4.8 per cent.
More information is available at Airlie Australian Share Fund. The Capital Club has no affiliation with Airlie.
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