Hi Paul,
A few questions rolled into one here hence we’ve briefly touched on each:
PEXA Group (PXA) $12.71 – as you say PXA has struggled since COVID with the stock basically unchanged over the last 2-years. Volumes through their property settlements platform have been weak while they’ve also been investing for future growth, including internationally. We like it here.
Whitefield Industrials Ltd (WHF) $5.23 – this LIC invests in ASX stocks looking for both yield and growth. They hold a vanilla portfolio with 4 of the top 5 holdings being the “Big Four Banks”, hence its forecasted grossed up yield of ~5.5%. We prefer to back our own portfolios in MM Invest.
Syrah Resources (SYR) 53c – the last time we mentioned SYR was in early February when we said “We like the risk/reward towards SYR for the brave investor – Syrah is expected to report on April 2nd.” its subsequently rallied 18% to 53c, while they’ve also raised capital – not a bad result! We like the fact that SYR is in the ESG bucket we can see bouncing strongly into the EOFY and with ~16% of SYR stock is still heald short creating the potential for a squeeze, but it remains an out of favour speculative play and not one MM is likely to buy in the near future.
“Graphene” – for those not familiar with graphene, it’s a material which is extracted from graphite and is made up of pure carbon. Its uses include electronics, energy storage, sensors, coatings, composites, and biomedical devices. Unfortunately, the only stock we familiar with on the ASX which is involved with graphene is First Graphene (FGR) and having watched the stock fall from over 30c to 5c its not on our investment radar.
