MENU

How Seven Group Holdings Ltd has outpaced share price forecasts

Seven Group Holdings Ltd (ASX: SVW) has smashed through a Macquarie Wealth Management target price forecast set last February by 80% – with the analyst proposing a FY18 price target of $9.46 for a share that opened on February 2 down 0.5% at $17.08.

Seven Group Holdings has a portfolio of media, property and other investments across its operations in Australia and China and is chaired by renowned business mogul Kerry Stokes, who controls about three-quarters of Seven Group via ACE Group Entities which holds 73.05% of shares.

The February 2017 Macquarie Wealth Management report suggested neutral for shareholders with an outlook dependent on dividend yield and share buyback outcomes.

And while Seven Group hit an intra-day low of $4.03 on February 10 2016 the stock has now climbed to more than four times that price in two years.

Seven Group hands down its interim report on February 20 and the results will certainly be interesting reading for shareholders.

Don’t Buy A SINGLE Stock Until You Read This

While conflict overseas is all media talking-heads seem to mention these days, the billionaire founder of Tesla is losing sleep over what he sees as a far bigger threat.

Elon Musk Warns: This has “vastly more risk than North Korea”

If you missed your opportunity to get in on Google, Microsoft, or Amazon in their early days, don't let it happen again. This emerging technology trend could offer a second chance for anyone who wishes they took part in these millionaire-maker stocks.

Click here to discover more!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!