The Market Matters Emerging Companies Portfolio targets small & mid capitalisation emerging stocks (ex-100) that show strong underlying growth characteristics – Click here to view
The portfolio was up +0.99% in the week with cash remaining around 9%. We were looking to spend 4% of that on Paladin (PDN) following their capital raise last week however shares have been well supported since and haven’t yet traded to our 73c limit. We will give that order until Friday before re-assessing. Whispir (WSP) was the main standout for the week, rallying 14%, while Nitro (NTO) and Calix (CXL) were also key positive contributors. Detractors were led by Dubber (DUB) and Tyro (TYR) though they both fell less than 4%.
Strandline (STA) will come back online today after raising $50m to fund an accelerated expansion of their Coburn asset + a portion will go to developing their two Tanzanian assets. It looks an opportunistic raise though given the rally in the share price, although we suspect the 43c placement price will look cheap if the ducks line up. We remain long but did not participate in the placement.
