We are selling out of Helius (HLS) following yesterday’s result. Weaker margins remain a concern, and we see better opportunity elsewhere for the capital.
MM are selling HLS in the Active Growth Portfolio, taking a loss around $1.36
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We are using funds to buy weakness in Goodman Group (GMG) after they came back online following a capital raise. We are starting with a 4% weighting and will add to that if further weakness prevails.
MM are buying GMG in the Active Growth Portfolio, allocating 4% around $34
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We are selling CSL following their weaker and more complex set of results last week. We believe it will take time for CSL to regain their strength, and the share price will likely track sideways for a while yet – we are using it as a funding vehicle.
MM are selling CSL in the Active Growth Portfolio, taking a loss around $259
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We are buying Westpac (WBC) following the 12.5% pullback in the share price. We see this as a good risk/reward entry point into the sector where we have been under weight, with WBC reaching our $31 target yesterday.
MM are buying WBC in the Active Growth Portfolio, allocating 5% around $31
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