28/10/2025 17:28

CSL Limited (CSL) 177.86

CSL -15.87: Belted today, down as much as 17% to the lowest level since 2018, after the company scrapped its 2026 target to demerge Seqirus. The reason? A sharp drop in US flu vaccination rates (-12% overall, -14% in seniors), pushing Seqirus revenues into a mid-teens decline and undermining the value case for a standalone listing.

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16/09/2025 09:53

Active Growth Portfolio – Amendment

MM is amending the Growth Portfolio

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16/09/2025 09:42

CSL Ltd (CSL) $204.48

After CSL’s aggressive sell-off last month, it's been the topic of conversation with many investors caught long this much-loved $99bn healthcare giant. We discussed CSL in detail following August's result, which led to the sell-off despite earnings being up 14%, cash flow growing 29%, and the company announcing a $750 million share buyback.

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20/08/2025 09:30

CSL Ltd (CSL) $225.50

CSL dominated talk across trading desks on Tuesday with their messy, but not particularly bad, result causing the stock to be punished almost 17%, its worst fall since the GFC.

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19/08/2025 17:53

CSL Limited (CSL) $225.50

CSL –16.89%: Shares experienced their worst fall since 2008 after the FY25 result highlighted weakness in the Behring division and revealed a major strategic restructure including a spinoff of Seqirus, which has created more questions than answers.

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14/08/2025 09:33

CSL Ltd (CSL) $269.55

CSL advanced 2% yesterday in a weak market, leading the healthcare sector to a 1% gain. The $130bn global biotech has struggled since COVID but we believe its defensive nature and cheap valuation compared to history puts it in an excellent position to rerate on the upside.

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08/07/2025 09:52

Active Growth Portfolio – Amendments

We are making two changes to the Active Growth Portfolio, trimming an existing holding and buying a new stock.

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01/05/2025 09:23

CSL Ltd (CSL) $251.13

The market's third-largest company, blood plasma giant CSL, advanced +2.3% on Wednesday, with ~20% of the gain occurring in the “Match.” The stock has range-traded since 2020 as it’s struggled to maintain an attractive growth profile, almost inevitable with a market cap of ~$120bn.

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27/02/2025 09:22

Revisiting healthcare stocks as investors become more defensive

We recently sold CSL and HLS out of the MM Active Growth Portfolio, leaving us with no healthcare exposure to this ~9% sector of the ASX200. Hence, we are carefully looking for attractive risk/reward opportunities in companies in the space we like.

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21/02/2025 09:57

Active Growth Portfolio – Amendments

MM are making several changes to the Active Growth Portfolio today

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