Despite ALS’s (ALQ) recent results falling below market expectations and volume its commodities testing division is still quite strong, and its current valuation of 18 times earnings looks good, making it a good bargain. For these reasons, Ben Richards from Seneca’s Financial Services says its a buy.
GQG (GQG) is also a buy for buy for Ben, despite its IPO in Oct 2021 not performing well due to sell-off in growth stocks. He says the 10% dividend yield from a growing funds under management business is an opportunity to enter the stock. Rajiv Jain and his colleague Tim Carver own about 70% of the stock, which could create an overhang if they sell; however Ben says this is not a major worry as it would create more liquidity in the stock.
Watch the interview: Ausbiz – Two stock buys from Ben