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Opinion on CBA & ANZ, BVS, CGF, EOS, RMS & RSG

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Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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    Opinion on CBA & ANZ, BVS, CGF, EOS, RMS & RSG

    Hi. I'd like your opinion on CBA & ANZ. I am holding a good position in each and want your opinion on continuing to hold or sell some or whatever. Also I am holding positions in BVS, CGF, EOS, RMS & RSG all of which are pre my time with MM. Can you please give me your opinion on these, as I am considering buying a little more of a couple of them, in order to recover a little from the lows. I really like the way you guys operate. Thanks again, MickO'

    Answer

    Hi Mick,

    Obviously that’s seven questions rolled into one so please excuse our brevity of answers:

    CBA and ANZ : MM remains long and comfortable with our banking exposure across our portfolios although as discussed this morning we may trim our CBA position in to low / mid-$90 region.

    Bravura (BVS) $2.56 : We remain neutral / negative BVS, a good exit for MM last November.

    Challenger (CGF) $6.41 : MM is neutral at current levels with the risk / reward looking average above $6.

    Electro Optic (EOS)$5.19 : is a $780m space and defence business, it’s not a stock we have covered but technically it looks attractive with stops 16% stops, potentially too much risk for some.

    Ramelius Resources (RMS) $1.37 : another battered gold stock, in this case we like an accumulation stance into weakness below $1.40.

    Resolute Mining (RSG) 61c : yet another battered gold stock, in this case we like an accumulation stance into weakness below 60c.

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    Challenger Ltd (CGF)
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