30/11/2023 09:13

Altium Ltd (ALU) v APA Group (APA)

ALU, like most of the Tech Sector, has enjoyed a solid 2023, advancing +26% year-to-date, but again, the last few months have proved disappointing as the stocks corrected 21% after an aggressive drive higher following an impressive result in August.

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24/11/2023 09:10

APA Group (APA) $8.34

The regulated energy utility company APA has struggled throughout 2023, not just this FY, but we believe the stocks is representing excellent value ~$8, especially if our dovish view towards bond yields plays out through 2024.

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09/11/2023 09:06

APA Group (APA) $8.38

While not in the real-estate sector, this infrastructure company has been weighed down by some stock-specific factors, but rising bond yields have also been a major impediment.  We have discussed APA a number of times over recent months as it screens well around $8 – recent MM APA comments.

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04/09/2023 09:48

Active Income Portfolio – Amendments

We are making multiple changes to the Income Portfolio.

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24/08/2023 09:42

APA Group (APA) $9.26

Energy  infrastructure company APA is currently in a trading halt as they raise a total of  $750mn at $8.50, a 8.2% discount to its last trade. $675m was placed very quickly with institutions yesterday while there is a share purchase plan available for retail investors with details sent shortly.

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16/08/2023 09:17

APA Group (APA) $9.49

We bought APA in the Income Portfolio in May at $10.09 and have received one dividend, with the position down ~3% overall. We now question whether or not we have this position wrong in the short term and should cut the holding. As a refresher, APA is a leading energy infrastructure business, owning or operating around ~$22bn of gas, electricity, solar and wind assets in Australia.

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26/05/2023 09:16

Active Income Portfolio – Amendment

MM is buying APA Group (APA)

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24/05/2023 09:18

APA Group (APA) $10.05

APA is classic defensive stock with regulated earnings linked to critical energy infrastructure. A lot of talk in the market has been around the high valuations being ascribed to these sorts of stocks as investors look to ‘hide’ in lower-risk equities, however, APA is trading ~25% below its 12-month high with weak momentum. We suspect the current lack of interest is for a few reasons.

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05/04/2023 17:00

Lead Portfolio Manager James Gerrish

Market Matters Lead Portfolio Manager James Gerrish spoke this morning about recent economic data and what it means for Gold, while he also discussed AGL Energy (AGL) and views on other defensive stock

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23/02/2023 16:47

APA Group (APA) $10.80

APA +1.41%: Delivered a solid result today that rightly supported the stock, with EBITDA up on both East and West coast pipeline networks thanks to higher tariffs, which are linked to CPI.

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