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 +4.10% in the week while cash s sitting at around 9%. For the month of July the portfolio enjoyed a strong recovery adding more than 15%. Audinate (AD8) & Adore Beauty (ABY) both gained more than 14% in the week, but the star performer was St Barbara (SBM) which surged ~35%. The weakest positions were Aussie Broadband (ABB) falling 10.42% & Dubber (DUB) down -23.35%, both out with disappointing quarterly updates, particularly from DUB with management clearly not getting the memo around managing cash burn, with their bank balance falling from $108m to $84.3m in the past 6 months.
