29/06/2022 09:22

Flagship Growth Portfolio

The MM Flagship Growth Portfolio rallied +4.52% last week outperforming the market which gained +3.68%, our cash position remains at 1%. The tech stocks dominated the gains with HUB24 (HUB) +11.9%, Altium (ALU) +11.2% and Xero (XRO) +9.4% all contributing to the portfolio’s outperformance while Newcrest (NCM) -5.8% and Qantas (QAN) -0.2% were the only stocks which failed to advance.

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22/06/2022 09:25

Flagship Growth Portfolio

The MM Flagship Growth Portfolio slipped -2.65% last week inline with the market while our cash position remains at 1%. Newcrest Mining (NCM) managed to rally +2.3% along with Bank of Queensland (BOQ) +1.4% and TPG Telecom (TPG) +1%, the losers corner was a little more crowded following the markets decline with HUB24 (HUB) -11%, Xero (XRO) -7.8% and BHP Group (BHP) -7.4% catching our attention for the wrong reasons.

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17/06/2022 09:45

HUB24 Ltd (HUB) $19.45

HUB fell -3.5% yesterday not helped by  a weak market and rumours that Netwealth (NWL) make take another look at Praemium (PPS), why not its takeover target has fallen over 60% since late 2021. History tells us that speculation, a bit like takeover bids over the last 12 months often comes to nothing and at MM we would rather focus our attention on the prospects of HUB which we own in our Flagship Growth Portfolio.

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15/06/2022 09:26

Flagship Growth Portfolio

The MM Flagship Growth Portfolio slipped -4.4% last week versus a market that fell -5.8%, while our cash position remains at 1%. The positive relative performance last week was aided by ResMed (RMD) +2.7%, Xero (XRO) +2.1% and Aristocrat (ALL) +2.1% while on the other side of the ledger we saw Bank of Queensland (BOQ) -11.3%, Commonwealth Bank (CBA) -10.6% and Qantas (QAN) -9.2% all weigh.

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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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24/05/2022 08:44

HUB24 Ltd (HUB) $24.91

HUB rallied over 4% yesterday although it remains significantly below this year’s high, we feel this platform operator has been gaining traction for 3-4 weeks and still like this business into the EOFY:

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17/05/2022 09:07

HUB 24 (HUB) $24.59

The investment platform operator HUB has fallen over 20% in the last 2-months as the macro headwinds of rising interest rates have hurt high valuation growth stocks. We currently like HUB for 3 key reasons:

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11/05/2022 09:32

HUB24 Ltd (HUB) $25.30

Platform provider HUB is one of our smaller holdings hence its more likely to be a sell as opposed to a reduce, the stocks been gaining strength over the last fortnight even as global equity markets have been sold off. This can be a volatile stock at times and if the current momentum continues to improve taking the shares towards $30 over the coming week’s MM will reconsider this holding as it remains priced for ongoing...

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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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05/05/2022 09:13

HUB24 Ltd (HUB) $24.83

HUB was the top performing stock on the ASX200 yesterday, a nice for a change for MM as we remain long and bullish the platform provider which keeps delivering operationally but has been hit by the unceremonious and savage rerating of growth stocks across global equity markets. We are looking for a decent bounce by tech stocks, a move that’s tried and failed a few times in recent weeks, perhaps the comments...

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