Normandy Minerals Ltd (ASX: NMD) & Cybersecurity/Robotic ETFs
1. Please comment on the recently listed share NMD. 2. Any recommendations on robotic and cybersecurity shares/ETF worth looking at. thank you
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Answer
Hi Helle,
Normandy Minerals Ltd (NMD) it’s a $35mn micro-cap gold miner which listed on the ASX on the 5th of this month – its IPO price was 20c and it was trading ~29c on Thursday, a nice win in a tough market. Unfortunately, it’s too early for MM to truly evaluate this new listing, with at least 1-2 earnings/exploration updates required before we can pass judgement beyond its IPO document.
The main 2 Cybersecurity and Robotics ETFs are:
BetaShares Global Cybersecurity ETF (ASX: HACK): a large and established $1.46B ETF, roughly 100 times the size of its nearest rival. Holdings include Palo Alto Networks, Broadcom, CrowdStrike, Fortinet, Zscaler, Cisco and Check Point.
- The management fee is 0.67%, with the ETF unhedged.
We are bullish toward the HACK ETF liking the risk/reward below $18.
Betashares Global Robotics and Artificial Intelligence ETF (ASX: RBTZ): focuses on pure-play robotics, including humanoids, drones and robotics-focused AI. It is heavy in Japanese automation names with its largest 5 holdings currently Intuit Surgical, Fanuc, Keyence, ABB and NVIDIA and a strong AUD/JPY has been a drag on returns.
- The management fee is a slightly less challenging 0.57% with the ETF also unhedged.
We are neutral towards the RBTZ ETF with a test of $12, or 10% lower, feeling like a 50-50 possibility.
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BetaShares Global Cybersecurity ETF (HACK)
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BetaShares Global Cybersecurity ETF (HACK)
