11/05/2022 09:25

Alumina Ltd (AWC) $1.67

AWC failed to embrace early 2022’s surge by the Resources Sector and it now finds itself down -28% from its levels posted late last year but it still doesn’t “feel right” even while it’s trading on a depressed valuation and estimated 6.1% yield over the next 12-months. The company has enjoyed strong alumina and aluminium prices over the last few years but the stocks certainly not matched the performance of many sector peers hence it’s not a stock for...

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09/03/2022 10:47

Flagship Growth Portfolio – Amendments

We are making a number of changes in the Flagship Growth Portfolio, effectively reducing exposure to commodities and increasing healthcare.

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09/03/2022 09:25

Alumina (AWC) $2.00

AWC has been a frustrating position considering how some miners have exploded through 2022 but we see the current “panic mode” in commodities maturing fast and although they may look much better in a years’ time in our opinion decent risks are looming on the downside MM hence has no issue moving to an underweight stance towards the sector for say 3-months while we evaluate what comes next after the Ukraine panic – never underestimate the volatility in the miners!

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09/03/2022 09:23

Flagship Growth Portfolio

The MM Growth Portfolio slipped -0.16% outperforming the market which fell around 1.4%. The solid (relative) week was helped by Whitehaven Coal (WHC) +20.4%, Newcrest (NCM) +9.3% and Santos (STO) +9% while the laggards were Virgin Money (VUK) -16.7%, Qantas (QAN) -12.4% and Aristocrat (ALL) -9.9%.

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24/02/2022 15:00

Income Portfolio – Amendments

We are selling Alumina (AWC) and buying G8 Education in the Income Portfolio

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22/02/2022 17:34

Alumina (AWC) $2.06

AWC -3.29%: Released their FY21 financial results today reporting a net profit of $226mn which was a shade below the $231mn expected by the market. The 6.2cps dividend was also a miss versus the 6.9cps expected however this looks to be more a timing issue than anything reflecting a lag in the timing of cashflow from the alumina JV.  Looking forward, FY22 should be...

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10/02/2022 09:26

Alumina Ltd (AWC) $2.08

AWC rallied over 5% yesterday to suddenly find itself close to fresh 4-month highs, sentiment should be helped here by Aluminium rallying strongly towards its 14-year highs as a number of metals start to gain strength as investors decide COVID is becoming a bad memory hence the global economy can get back on track.

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27/01/2022 09:26

Active Income Portfolio

The Income Portfolio fell by -4.19% over the course of the week while cash sits at ~4%.  Alumina (AWC) was the biggest drag on performance down by -11.48% while Insignia (IFL) was also weak, off by -9.75%. The positions that offered stability to the portfolio during a very volatile period were CBAPG which is the CBA hybrid, finishing +0.04%...

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27/01/2022 09:21

Flagship Growth Portfolio

The MM Growth Portfolio fell -5.65% last week pretty much in-line with the market, we maintain a 2% cash position. We enjoyed strong performances from our gold holdings with Northern Star (NST) +2.2% and Newcrest (NCM) +0.7% while HUB24 (HUB) almost held its ground slipping just -0.19% but it was a very different story from a variety of names...

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19/01/2022 09:30

Active Income Portfolio

The Income Portfolio added +0.87% over the course of the week while cash sits at ~4%. AGL Energy (AGL) led the line up +5.60% although after such a strong rally from the lows, some consolidation here would not surprise, BHP was also strong +4.59% while Alumina (AWC) +3.98% has been on the recovery path. The most notable drag was Magellan Financial Group (MFG) down by -5.53%.

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