24/06/2022 09:20

Goodman Group (GMG) $18.09

MM is a big fan of GMG but the macro backdrop of rising interest rates, falling property prices, a contraction of  growth stock valuations in and a potential recession in the year ahead has certainly delivered a significant headwind for its share price. Yesterday saw the Real Estate Sector finally find some buyers as bond yields slipped lower, this is one sector where MM is looking to increase its exposure but we feel our position in GMG is already large enough.

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08/06/2022 09:22

Flagship Growth Portfolio

The MM Flagship Growth Portfolio slipped -2.37% last week while our cash position remained at a small 1%. The portfolio enjoyed gains by Woodside Energy (WDS) +10.2%, BHP Group (BHP) +3.8% and TPG Telecom (TPG) +3.5% but unfortunately these advances were more than offset by weakness across the growth and battery metals names such as Xero (XRO) -10.2%, IGO Ltd (IGO) -6.5% and Goodman Group (GMG) -5.4%.

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01/06/2022 09:46

Flagship Growth Portfolio

The MM Flagship Growth Portfolio added +0.87% last week while our cash position remained at a small 1%. The positive performance last week was aided by IGO Ltd (IGO) +6.6%, Goodman Group (GMG) +5.7% & ResMed (RMD) +5.1%  while on the other side of the ledger TPG Telecom (TPG) -1.5% and CSR Ltd (CSR) -0.9% weighed on the portfolios performance.

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18/05/2022 09:26

Goodman Group (GMG) $18.75

Integrated property giant GMG has been whacked since its report earlier in the month – a 23% lift in earnings, $13.4bn of work in progress and reconfirmation of FY2022 guidance failed to excite investors due to macro concerns:

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16/05/2022 17:06

Goodman Group (GMG) $19.55

GMG –0.61%: Opened firmly this morning after they reconfirmed FY22 guidance for earnings per share (EPS) growth of 23% which was inline with current market expectations, however, the stock tapered off throughout the session. In terms of commentary, Greg Goodman talked up the opportunities for GMG as the environment gets more challenging, saying that this environment suits "older heads" such as his. To give some context...

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11/05/2022 09:31

Flagship Growth Portfolio

The MM Flagship Growth Portfolio slipped -4.3% last week while our cash position remains at 2%. Our performance was helped by HUB24 (HUB) +5.9%, TPG Telecom (TPG) +2.1% but it wasn’t enough to offset meaningful dips by Goodman Group (GMG) -12.4%, Macquarie Group (MQG) -11.5% and Virgin Money (VUK) -10.4%.

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10/05/2022 09:23

Goodman Group (GMG) $19.16

GMG is getting hammered as its suffers the triple whammy of being labelled a growth, tech and property stock however we still like this business and are considering where to increase our exposure as inverstors jump from this crowded ship, but we mustn’t forget that panic can go deeper than logic would dictate.

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04/05/2022 09:30

Flagship Growth Portfolio

The MM Flagship Growth Portfolio slipped -1.1% last week while our cash position sits at 2%. The index itself closed marginally lower with our performance helped by Bank of Queensland (BOQ) +6.5%, Qantas (QAN) +4.7% and BHP Group (BHP) +4.4% but meaningful dips in ResMed (RMD) -9.5% and Goodman Group (GMG) -6.8% led to the slight underperformance.

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03/05/2022 09:13

Goodman Group (GMG) $22.26

GMG was smacked over 7% yesterday as the integrated commercial and industrial property business continued to follow the negative sentiment in global tech sectors.  However, while the stocks going through a tough time in 2022 due to its correlation to growth we believe this is a top quality business which can continue to grow over the coming years helped by its e-commerce and logistics exposure i.e. the long term key to a stocks performance.

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27/04/2022 09:17

Flagship Growth Portfolio

The MM Growth Portfolio fell -2.02% last week which is never nice to see but it noticeably outperformed the market which fell -3.3% i.e. it paid off to be underweight the resources. Cash now sits at 2%.  We again saw some clear sector rotation with the defensives improving, in our portfolio we saw BHP Group (BHP) -14.1%, HUB24 (HUB) -8.1% and Newcrest (NCM) -4.8% while in the winner’s enclosure we saw Virgin Money (VUK) +4.8%, Goodman Group (GMG) +4.3% and Qantas (QAN) +2.8%.

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