Lithium miner jumps and CSL reaches record high Despite not issuing any news, lithium miner Orocobre Limited’s share price shot up 20.3% last week. While once upon a time setting rules for corporate moats was cutting edge analysis, today I think Morningstar's methodology is no longer quite in sync with modern economies and shifting market dynamics.Anyway, Ardent Leisure has been added on the potential for a successful turnaround, while for Computershare share price weakness seems to have been the key ingredient. It was only a few months ago I had to stand my ground amidst a wave of criticism and personal attacks. I have no extra insights into whether this might happen or not, but history tells me, as with the experiences of REA Group shares I highlighted at the recent conference, that if for some reason CSL's share price comes under pressure upon the release of FY19 financials, this would only be a genuine concern under extremely rare circumstances.This is what JP Morgan published on Thursday morning: "It is far more likely that share price weakness in CSL is simply an opportunity to buy (more) shares.
It seems CSL still has enough runway left for share price lift-off.When investing expert Scott Phillips has a stock tip, it can pay to listen. The CSL Limited (ASX: CSL) share price soared to an all-time high of $242.10 this September after stellar full-year results. The slides I used at the recent AIA National Conference are now included.P.S. See also ResMed shares in late January and where they are trading at today.In case you read this and you still haven't joined the CSL Challenge, do know you can join at any time, from any place of your own choosing.Also, paid subscribers have access to my eBooks and other writings about CSL and All-Weather Performers, see the dedicated section on the FNArena website. Looking forward, CSL’s CEO Paul Perreault reported that “CSL’s net profit after tax for FY20 is anticipated to be in the range of approximately $2,050 million to $2,110 million at constant currency, representing growth over FY19 of approximately 7–10%.”CSL is largely insulated from trade war shocks and economic cycles, making it an appealing alternative to stocks that may toss in the headwinds of US–China trade war and a gloomy economic outlook. It used to be the case that CSL shares held up reasonably well when others were staring into the abyss. Its market capitalisation is nearly eight times the size of its nearest ASX biotech and healthcare rivals – CSL’s total revenue was US$8,757 million, up 11% at constant currency and net profit after tax (NPAT) of US$1,919 million, up a hefty 17%.The results were highly positive, meeting CSL’s already sizeable guidance expectations.Since FY15, CSL’s NPAT has grown by 46.1% and its total operating revenue has risen by 56%.
The share price recently reached a new all-time high of $232.03, more on that further below.
Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend!
CSL is going to crash, and take me and my reputation down with it!To my surprise, a recent analysis by the Australian Financial Review (Time to apologise. This is great news for CSL, as China’s growth pastures are tough to access – just ask However, CSL is an international enterprise, and the same report found that the global biotech sector is growing at 10% a year. Find the investing style that's right for you. What is happening here? The CSL market capitalisation now sits at a staggering $105 billion, with net assets of US$5,251 million as of full-year 2019.
*This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. It will happen though.
Source: Optuma. The biggest compliment I have received is from investors thanking me for directing their attention, and courage to buy, towards stocks they otherwise would never have considered.The right answer at the conference was REA Group; yet another one of my all-time favourites, and for good reason. Earlier this year I asked long term shareholders to send in their personal experiences to share with other investors but I haven't yet found the time to fully execute that plan. My research into investing in the local share market has led to the concept and identification of All-Weather Performers, and CSL is only one of them.From memory, my presentations in recent years have specifically highlighted DuluxGroup, Carsales, Bapcor, TechnologyOne and NextDC, alongside others, and occasionally the price chart shown was picturing CSL. Bank of America believes the oil giant's shares could surge almost 50% to $100 in the year ahead.
Cash levels have increased to 5% on the back of selling shares in BlueScope Steel ((The Model Portfolio has now gone significantly overweight National Australia Bank ((They are equally of the view this prospect has already been priced in for most retailers listed on the ASX.
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.
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