Growth Focus: Freedom Foods Group Ltd (FNP)

by Patrick Taylor





Date of Data Capture: 6/12/2016

Name: FREEDOM FOODS GROUP LTD (FNP)

Classification: Food Processing

Current Price: $4.90

Market Capitalisation: $837M

Forecast EBITDA Growth: 44.78%

Gross Yield: 0.89%

Consensus Price Target: $5.20

# Covering Analysts: 2

Discount at Current Price: 6.12%

Price Target Trend: Increasing

Signal Time Frame: Quarterly-Weekly-Daily

Trend Bias: Up-Flat Long-Medium

Indicators:
Short-term: Positive
Medium-term: Positive Neutral
Long-term: Positive

Recommendation: Buy

Focus: Capital Growth

Set up Notes:
• Carrying on from excellent performance last year we are looking for FNP to meet high expectations with good fundamentals and aggressive forecasts ahead of them.
• They gained over 600% from 2011-2013 and then consolidated those gains for the last 2 years until breaking out earlier this year with excellent strength shown following them.
• Technical signals are lining up well here with good indications across long, medium and short-term timeframes.
• While they are near to overhead resistance at $5.00 they have good support layered down from $4.50 to excellent structure at $4.00 and $3.50 beneath.


Growth Focus: Freedom Foods Group Ltd (FNP)

Our primary focus here is capital gain, we will select our stocks from the ASX top 500 All Ordinaries Index.


Disclaimer

This report was produced by Taylor Securities Pty Ltd, which is a Corporate Authorised Representative (Number 414063) of Bespoke Portfolio Pty Ltd (AFSL 341991). Taylor Securities and Patrick Taylor (Representative number 414064) have made every effort to ensure that the information and material contained in this report is accurate and correct and has been obtained from reliable sources. However, no representation is made about the accuracy or completeness of the information and material and it should not be relied upon as a substitute for the exercise of independent judgment. Except to the extent required by law, Taylor Securities and Patrick Taylor does not accept any liability, including negligence, for any loss or damage arising from the use of, or reliance on, the material contained in this report. This report is for information purposes only and is not intended as an offer or solicitation with respect to the sale or purchase of any securities or financial products. The securities or financial products recommended by Taylor Securities and Patrick Taylor carry no guarantee with respect to return of capital or the market value of those securities or financial products. There are general risks associated with any investment in securities or financial products. Investors should be aware that these risks might result in loss of income and capital invested. Neither Taylor Securities and Patrick Taylor nor any of its associates guarantees the repayment of capital. WARNING: This report is intended to provide general financial product advice only. It has been prepared without having regarded to or taking into account any particular investor’s objectives, financial situation and/or needs. Accordingly, no recipients should rely on any recommendation (whether express or implied) contained in this document without obtaining specific advice from their advisers. All investors should therefore consider the appropriateness of the advice, in light of their own objectives, financial situation and/or needs, before acting on the advice. Where applicable, investors should obtain a copy of and consider the product disclosure statement for that product (if any) before making any decision.
 

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