AWC has followed the aluminium price lower over recent weeks and as Harry Hindsight would say, we bought this at the wrong time with the break of the $2 failing pretty quickly. However, in line with our reflation view MM likes quality resource stocks into weakness and AWC certainly ticks these boxes plus a forecasted fully franked yield in excess of 5% is an added bonus. We are considering increasing this position.
MM likes AWC under $1.90 and may average our position
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