A UK research report has found a growing number of couples over 60 live in separate households, a trend particularly pronounced among those entering a new relationship at this stage of their lives. Improved mental health is a bonus.
Speakers of the calibre of David Knoff, the expedition leader stranded with his team in Antarctic during COVID, can regularly be heard at this global institution that places a premium on knowledge, not qualifications.
Value, travel and the ‘dog’ of 2021 among top picks
Bell Potter have released their top stock picks for FY22. In the report, the broker has listed ten sectors and selected 2-3 stocks in each sector that it thinks should do well over the coming year. The sectors include listed investment companies, agricultural & FMCG, technology, discretionary retail, industrials, engineering and construction, healthcare, resources, energy, and strategic minerals. The stocks Bells have selected have three common characteristics: value-based, micro-small caps, and most suit the DIY investor. We’ve selected four stocks from Bells top picks for FY22:
A2 Milk (ASX:A2M) – The dairy and infant baby formula products company suffered a huge fall after its main customer, China, placed tariffs on Australian wine, barley, and beef, and blocked the importation of all Australian coal. Due to border closures and reduced Daigou shopping demand, there are fears the Chinese market may not be the same. However, there is also growing optimism that China’s policy to support couples having a third child will increase the fertility rate and support the growth engine for infant formula producers. Bells has an $8.50 target price, current price $7.22.
Flight Centre (ASX:FLT) – The company’s share price is a function of border closures impacted by coronavirus. FLT has routinely itself bouncing around since the pandemic hit, due to the volatile nature of the pandemic. The stock however is a value play and quite a way off from its pre-Covid-19 levels of around $35.00. Travel stocks have taken a real beating, but they are the stocks that will bounce back almost instantly when things return to normal. Looking ahead, this is the sort of business that will do well once the borders open up again, and is, therefore, an appealing investment at its current levels. Bells have a target price of $20.00. Current price $15.76.
Nickel Mines (ASX:NIC) – Bells says “NIC has grown to become the largest nickel producer on the ASX and built a track record of achieving steady state production and all-in costs better than our original forecasts and nameplate capacity.” The miner has repaid debt and is looking at paying dividends. The broker is forecasting a 3cps dividend for FY21 for an unfranked yield of ~3%. All in all, the miner is on an “aggressive growth trajectory, with the acquisition of a 70% equity interest in the Angel Nickel Project set to lift attributable production by +25ktpa (~74%), commissioning October 2022.” Bells has a target price of $1.56. Current price $1.08.
Money3 (ASX:MNY) – This is a finance provider with a focus on providing secured commercial and consumer automotive loans to near-prime and non-conforming customers. Bells says “MNY manages a growing and profitable loan book of ~$556.7m and services over 60,000 active customers across its 3 core brands: Money3, Automotive Financial Services (AFS) Australia, and Go Car Finance (NZ).” The Money3 share price has been steadily rising following a positive update to the market. Due to improved trading conditions, the company expects its NPAT to rise supported by favourable economic conditions. Money3 upgraded its profit guidance for FY21 to $38 million up from $36 million. Bells have a target price of $3.70. Current price $3.07.
