We are making the potentially unpopular decision to sell CBA from the Income Portfolio, believing the capital can be better deployed in other opportunities.
MM are selling CBA in the Active Income Portfolio, taking a profit around $183
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We are trimming Metcash (MTS) back to a 4% target weight, down from a 5% target, taking part profit after a strong run.
MM are trimming MTS in the Active Income Portfolio, reducing to a 4% target around $4
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We are initiating a small position in Dicker Data (DDR), with the intention of adding to it in time.
MM are buying DDR in the Active Income Portfolio, allocating 3% around $8.13
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We are initiating a small position in mortgage insurer Helia (HLI) following yesterdays ~20% decline, with the intention of adding to it in time. This is a higher risk play, hence the smaller initial weighting. Recent loss of contracts will reduce earnings, however, it will also free up capital for higher distributions/special dividends.
MM are buying HLI in the Active Income Portfolio, allocating 2.5% around $4.30
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