Alpha Recommendation: Sell Take Profit on Half – Judo Capital (JDO)
JDO has reached it’s technical level on the upside, there is still reason to remain in the trade due to been a potential takeover target. So we are taking off half our position.
judo capital
Alpha Recommendation: Stop Loss Hit- PeopleIn (PPE)
Upon reviewing PeopleIn’s first-half FY24 earnings, we recommend exiting our position. Despite a record revenue of $602.7 million, the company faced a significant decline in profitability, with EBITDA and NPATA down by 37.7% and 34.3%, respectively. This downturn is attributed to a shift towards lower-margin work and a decrease in permanent recruitment, particularly in the tech sector. Although PeopleIn has implemented cost-saving measures, the current financial challenges, exacerbated by tough market conditions, suggest a prudent move to mitigate risks.
Alpha Recommendation: Buy – Judo Capital (JDO)
Buy – Judo Capital (JDO). Judo Capital Holdings Limited (JDO) is an Australian bank with a focus on lending to small and medium enterprises (SMEs). Judo’s product offering provides SME Customers with tailored lending solutions for their SME business needs. The bank has 3,758 SME Lending customers and 35,050 Term Deposit customers.