Balanced Portfolio Rebalance
Date: 28/10/2024
*** GENERAL AVICE ONLY***
SELL Woodside (WDS) 21% loss, Trim 1/3 Telix (TLX) +11% take proft
Woodside – This stock has been in a downtrend for a while now and the macro environment is unlikely to see the shareprice improve any time soon and the risk to the downside in the oil price is another factor that will weigh on Woodside.
SELL (stop-loss) -21%
Telix Pharma – our largest holding in the portfolio, Telix recently announced a “FDA fast track” of their brain cancer imaging drug, which saw the share price spike to the $22.30 record high, From a technical & fundamental standpoint, the recent fast-track announcement should have provided enough catalyst to break those record highs, but it failed to break for the 4th time.
TRIM 1/3 (Take Profit) +14%
BUY WISETECH GLOBAL (WTC)
BUY 5% of Wisetech Global (WTC)
Despite the recent revelations about Wisetechs Founding CEO, the board looks to have navigated the situation for now, however we are happy to start buying with a view to dollar averaging
WiseTech Global (ASX:WTC) presents an attractive investment opportunity in the rapidly evolving logistics technology sector. The company’s recent financial performance and future outlook paint a picture of robust growth and market leadership.
Financial Strength
WiseTech delivered impressive results for FY2024:
- Total revenue up 28% to $1.04 billion
- EBITDA growth of 28% to $495.6 million
- Core CargoWise platform revenue surged 33% to $880.3 million
Market Expansion
The company continues to secure high-profile clients, including Sinotrans, APL Logistics, and Nippon Express, solidifying its position in the global freight forwarding market.
Positive Outlook
FY2025 guidance exceeds analyst expectations:
- Revenue growth projected at 25-30% to $1.3-1.35 billion
- EBITDA growth forecasted at 33-41% to $660-700 million
Innovation Focus
WiseTech’s commitment to R&D is evident with $368 million invested in FY2024. Three breakthrough product releases are slated for FY2025, including CargoWise Next, Container Transport Optimization, and ComplianceWise.
Financial Stability
With over $500 million in cash and undrawn debt facilities, WiseTech is well-positioned for future investments and potential acquisitions.
Industry Leadership
WiseTech is becoming the industry standard in global freight forwarding software, with its top customers outperforming non-customers in volume growth over the past 12 years.While the stock may trade at a premium, WiseTech’s consistent execution, strong growth trajectory, and expanding market opportunity justify the valuation. We recommend a BUY rating on WiseTech Global.
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.