We are selling JB Hi-Fi (JBH) in both the Active Growth & Income Portfolios. While their FY26 result was very good, especially in the context of the year (3 rate hikes), the trading update for July shows a decent slow down, which leads to negative earnings revisions.
Trading on an average valuation, we think JBH can get cheaper from here, so we’re cutting the position for now across both portfolios, taking a ~10% loss. Funds will sit in cash in both portfolios for now.
MM is selling JBH in the Active Growth & Income Portfolios, taking a loss ~$72.00
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