CNU is a NZ based fixed line communications infrastructure business which has a projected 12-month yield of 4.5% but investors need to be conscious that this can be a volatile beast at times. Unfortunately the business has experienced a drop in revenue due to the worrisome combination of weaker market conditions plus increased competition from other fibre and wireless network businesses. The $6-7 area feels about fair value but it’s not exciting to MM at this stage of its evolution.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM is neutral CNU
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
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