11/05/2022 14:34

Flagship Growth Portfolio – Amendments

We are selling Virgin Money (VUK) and adding to existing positions in Macquarie (MQG) & TPG Telecom (TPG)

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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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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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23/03/2022 09:33

Virgin Money UK Plc (VUK) $3.08

I would imagine a number of subscribers have noted VUK’s ability to fall on worries around Eastern Europe and in tandem with the regions bourses but its failure to embrace their recovery, very annoying! At this stage VUK is proving a frustrating holding but we see no reason to sell the position, patience grasshopper!

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09/03/2022 09:23

Flagship Growth Portfolio

The MM Growth Portfolio slipped -0.16% outperforming the market which fell around 1.4%. The solid (relative) week was helped by Whitehaven Coal (WHC) +20.4%, Newcrest (NCM) +9.3% and Santos (STO) +9% while the laggards were Virgin Money (VUK) -16.7%, Qantas (QAN) -12.4% and Aristocrat (ALL) -9.9%.

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08/03/2022 09:30

Virgin Money UK Plc (VUK) $2.95

Yesterday MM followed our previously flagged plan to increase our VUK holding from 4% to 6% around $3. Our logic is as follows:

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07/03/2022 14:51

Flagship Growth Portfolio – Amendment

We are adding to our existing position in Virgin Money (VUK) into recent weakness. We view the stock as oversold, offering value sub $3. Adding 2% will take it to a 6% portfolio weighting. 

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03/03/2022 09:17

Virgin Money UK Plc (VUK) $3.22

European banks have been smacked since Russia invaded the Ukraine which is frustrating to MM considering we had flagged our intention to lighten / sell our holding around $4.20 – another classic case of 2022 requiring more “active investing” than in previous years, with the old adage of don’t be a d*ck for a tick annoyingly ringing true!

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02/03/2022 09:25

Flagship Growth Portfolio

The MM Growth Portfolio was up  +1.4% last week while the market fell -0.4% inclusive of dividends, performance was aided by strong moves in HUB24 (HUB) +13.9%, Whitehaven Coal (WHC) +12% and Altium (ALU) +6.2% while the major performance drags were Appen (APX) -23.2% and Virgin Money (VUK) -8.6%. For the month of February the portfolio was up +2.10%, largely inline with the market. Interestingly enough, Aussie stocks...

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23/02/2022 09:26

Flagship Growth Portfolio

The MM Growth Portfolio slipped 1.18% last week as the Ukraine tensions caused markets to de-risk across the board, our growth names suffered the most including Xero (XRO) -9.6% & Altium (ALU) -7.2% while Virgin Money (VUK) also surrendered some its recent gains on European fears falling -6.7%. Elsewhere the defensive and recovery names stood out on...

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