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 off -0.27% in the week against a weak market that fell -1.14%%. Cash remains at around 4% with no changes to the portfolio. Austal (ASB) was the star of the show adding ~30% following a good contract win while Praemium (PPS) +21% and Dubber (DUB) +18.7% bounced strongly. Tyro (TYR) -18.59% and Select Harvest (SHV) -10.44% were the biggest drags.
- Selling – Tyro Payments (TYR) following the resignation of their CEO and the significant increase in competition across the payments space.
- Buying opportunities – Gold (RRL the preferred mid-cap), Lithium (PLS our number 1 pick in the sector) and a Real Estate position.
