05/03/2025 09:52

Portfolio Amendments – Growth Portfolio

MM are making two changes to the Active Growth Portfolio

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04/03/2025 09:12

Goodman Group (GMG) $31.96

GMG has corrected over 20% following its huge $4bn capital raise last month at $33.50. The share price has slid lower post-raise, with many pundits now postulating they may need to return to the market in the coming year (s) to keep in step with the rapidly expanding data centre landscape.

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21/02/2025 09:57

Active Growth Portfolio – Amendments

MM are making several changes to the Active Growth Portfolio today

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20/02/2025 09:29

NEXTDC (NXT) & Goodman Group (GMG)

We have stated previously that MM is a firm believer in the AI revolution, which is still in its infancy. The “picks & shovels” phase, i.e., data centres and AI chips, is still an excellent place to invest at this stage of the cycle. Yesterday's $4bn cap raise announced by GMG should come as no major surprise when we consider that in 2024, NEXTDC raised a total of ~$2bn in two tranches to develop its overall data centre pipeline;

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19/02/2025 09:38

Goodman Group (GMG) $35.98

Goodman Group (GMG), which is on our Hitlist, entered a trading halt this morning after announcing a $4bn capital raise for data centre expansion.

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06/12/2024 09:08

Goodman Group (GMG) $36.26

Having exited GMG above $36, this morning’s report may give us some insight as to whether the pullback into our buy area is realistic or if we’re still being too optimistic - we have already missed a couple of entry opportunities this year by being too pedantic.

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04/12/2024 09:34

First Up

After yesterday's close, China Investment Corporation (CIC) launched a massive $1.9 billion selldown of market darling Goodman Group (GMG). Citi’s equities desk was looking to place 50.4 million GMG shares or about 2.6% of the company; to put things into perspective, only 3.7 million shares exchanged hands on Tuesday.

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22/11/2024 09:23

Goodman Group (GMG) $37.05

GMG is an excellent company that has rewarded investors, including MM, with stellar returns this year. However,  we took profit into strength on valuation grounds in August – a dangerous move for some stocks at times in 2024. Our stance hasn’t changed over recent months or following GMG’s recent confirmation of guidance

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14/11/2024 09:32

Goodman Group (GMG) $36.53

GMG has rallied +44% so far in 2024, but it's looking tired above $36 and a touch expensive as investors start to price in its foray into data centres. Also, with HMC Capital flagging a $4bn data centre float and NEXTDC (NXT) still a viable alternative, investors are increasingly less likely to push valuations around this thematic ever higher.

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14/11/2024 09:29

Goodman Group (GMG) $36.53

GMG has rallied +44% so far in 2024, but it's looking tired above $36 and a touch expensive as investors start to price in its foray into data centres. Also, with HMC Capital flagging a $4bn data centre float and NEXTDC (NXT) still a viable alternative, investors are increasingly less likely to push valuations around this thematic ever higher.

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