27/10/2025 10:14

Active Income Portfolio – Amendments

We are making two changes to the Income Portfolio

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10/09/2025 09:21

Helia (HLI) $5.79

HLI has been a good position in the Income Portfolio over a short time frame, having only entered the stock in July after a sharp ~26% fall on news it lost the ING mortgage insurance contract – the second major lender to walk in short succession after CBA earlier in the year.

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22/08/2025 16:46

Helia Group (HLI) $5.73

HLI +1.78%: Solid 1H25 earnings growth for HLI on higher gross written premiums, though total insurance revenue was softer. 

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09/07/2025 09:43

Helia Group (HLI) $4.75

We bought HLI in the Income Portfolio last week, starting with a 2.5% weighting. While the stock has been on the Hitlist before, it was not listed there when we purchased it. The buy was prompted by a sharp ~26% fall in the share price following the likely loss of another major lender's mortgage insurance (LMI) contract, this time from ING.

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03/07/2025 10:00

Active Income Portfolio – Amendments

We are making several changes to the Income Portfolio today

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26/03/2025 09:50

Helia (HLI) $3.66

We covered HLI earlier in the week (here) as the stock fell ~25%. It appears highly likely that they’ll lose their exclusive contract with CBA as the provider of choice for Lenders Mortgage Insurance (LMI), which accounts for around 44% of their Gross Written Premium (GWP).

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24/03/2025 16:59

Helia (HLI) $3.61

HLI –25.57%: Big move today for the Mortgage Insurer after providing an update on their largest client, CBA, who last year put their existing contract with HLI up for tender, with a decision due in December this year.

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25/02/2025 17:20

Helia (HLI) $5.67

HLI +17.15: Kicking ourselves on this one with HLI (the old Genworth Mortgage Insurance) holding a heap of excess capital which has underpinned a big special dividend and an increase to their on-market share buyback.

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12/12/2024 09:34

Helia Group Ltd (HLI) $4.42

Helia Group, formerly known as Genworth Mortgage Insurance Australia, specialises in lenders mortgage insurance (LMI). This insurance helps mitigate risks for lenders by covering losses in high loan-to-value ratio residential mortgage loans, primarily in Australia. There are a few moving parts here when we think about HLI’s exposure to falling interest rates.

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30/08/2024 09:36

Bega Cheese Ltd (BGA) $4.66

Australian dairy producer BGA soared +9.4% on Thursday, enjoying a rare day as the main board's top-performing stock. The stock hit a 52-week high in the process, following a swing back into profitability in fiscal 2024 and forecasted EBITDA for FY25 that was ~1% ahead of expectations.

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