Q: Could I have your thoughts on these three companies for new positions in our new investing environment.
Thanks Steve
Thanks Steve
5i Research Answer:
NFI has largely solved its debt issues, and should be profitable this year after four years of losses. But its small size, cyclicality and remaining leverage make us not overly interested here. FRU looks fine for resource income, with a decent balance sheet and reasonable growth expectations. It is fairly cheap and the dividend is attractive (though has not been raised in three years). PPL is one of our favourites in the sector, for its valuation, cash flow and dividend.