We are reducing our 8% holding in Telstra down to 5% to use the funds elsewhere. Having initially bought TLS below ~$3 and picking up the latest dividend, we now see that as a good opportunity to reduce our holding.
MM are trimming TLS in the Income Portfolio, taking profit around $3.89
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We are bullish Alumina given commodity price tail winds which should flow into better earnings and thus dividends for AWC.
MM are Buying AWC in both the Income & Flagship Growth Portfolio’s, allocating 4% around $2.20
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