15/06/2022 09:31

Emerging Companies Portfolio

The portfolio was down -8.28% in the week, outpacing the 9.4% decline in the small ords – a tough week! Cash remains at around 4% with no changes to the portfolio. The weakness was driven by Calix (CXL) which fell -14.62%, while the biggest percentage fall was Zip Co (ZIP) down -18.32%, although it’s a very small weight in the portfolio. Adore Beauty (ABY) and Capitol Health (CAJ) were the outperformers this week.

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08/06/2022 09:26

Emerging Companies Portfolio

The portfolio was down -7.03% in the week, against the small ords index which fell -3.5%. Cash remains at around 4% with no changes to the portfolio. The weakness was mainly driven by Calix (CXL) which gave back some of its strong performance over recent months to fall -12.33%, while our overweight position in Aussie Broadband (ABB) also weighed with the stock falling -11.72%. Audinate (AD8) rallied +7.84% after a...

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25/05/2022 09:15

Emerging Companies Portfolio

The portfolio was up +0.66% in the week, outperforming the small ords index which was flat. Cash remaining at around 4% with no changes to the portfolio. Adore Beauty (ABY) and Calix (CXL) both rallied more than 10% while Strandline (STA) was the main drag falling -6.6%. Investors continue to be jittery when it comes to small caps, particularly tech stocks, however, if our view that the Nasdaq is finding a low is correct we should expect to see a nice bounce in the space in the coming weeks.

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17/05/2022 17:13

Calix (CXL) $6.93

CXL +4.21%: Announced today that they (along with Pilbara Minerals (PLS) had received a $20m Government grant under the Modern Manufacturing Initiative – in short, CXL will help to decarbonise the electrification pathway as Australia positions itself to ‘value-add’ in the production of key commodities. CXL is a very difficult stock to value which makes it heavily exposed to sentiment shifts – in early March shares were $6.12 before rising...

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11/05/2022 09:36

Calix (CXL) $7.11

The environmental solutions company has been a standout performer in the portfolio in recent months but took a hit in the last week. Shares fell despite positive news regarding its work in antimicrobial resistance. The company signed on with the Australian Government to be a part of their Solving Antimicrobial Resistance in Agribusiness, Food and Environments (SAAFE) research push. While a small...

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11/05/2022 09:35

Emerging Companies Portfolio

A soft week for the portfolio down -7.87% while cash is sitting around 4%. Performance was weighed on by further broad-based weakness in small caps – the small-cap index down by a similar magnitude. Aussie Broadband (ABB) was the standout, managing a 2.02% gain while Calix (CXL) was the weakest in the portfolio falling 17.33%. Selling has been savage in the small end of the market...

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13/04/2022 08:51

Emerging Companies Portfolio

The portfolio was down -4.89% in the week with cash sitting at a little over 9%. Calix (CXL) traded to all-time highs but that failed to offset falls on a number of positions with tech particularly hard hit on the back of rising interest rate expectations. PointsBet (PBH), Whispir (WSP) and Zip Co (Z1P) all fell more than 15% to drag on performance this week. We are still looking to add Paladin (PDN)...

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06/04/2022 09:45

Emerging Companies Portfolio

The portfolio was up +0.99% in the week with cash remaining around 9%. We were looking to spend 4% of that on Paladin (PDN) following their capital raise last week however shares have been well supported since and haven’t yet traded to our 73c limit. We will give that order until Friday before re-assessing. Whispir (WSP) was the main standout for the week, rallying 14%, while...

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23/03/2022 17:11

Calix (CXL) $8.05

CXL +15.66%: their LEILAC-2 project has now achieved Financial Investment Decision (FID) and will now progress to the build. The move will see Calix’s technology capture 20% of the HeidelbergCement plant’s CO2 emissions in Hannover. The technology helps reduce carbon emissions in one of the biggest emitting industries globally, and just one string on the bow of Calix’s offering.

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16/03/2022 09:29

Emerging Companies Portfolio

The portfolio was up +3.02% in the week with cash sitting at a little over 13% after taking profits on Coronado Resources (CRN). The main contributors were Calix (CXL) +12.91% and Aussie Broadband (ABB) +11.41% more than offsetting weakness elsewhere. We have built a solid cash position in recent weeks looking for opportunities to deploy it.  

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