We are cutting Adore Beauty (ABY). A disappointing holding since day 1 and the recent result was underwhelming. There is a lot of work to do here before we start seeing a turnaround and we are cutting ABY as a result.
MM are selling ABY in the Emerging Companies Portfolio, taking a loss around $1.65
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We are cutting Dubber (DUB). A frustrating position, management has lost credibility following the delay to FY results.
MM are selling DUB in the Emerging Companies Portfolio, taking a loss around 31c
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We are taking profits on Lovisa (LOV). The jewellery retailer has performed well in a short period of time.
MM are selling LOV in the Emerging Companies Portfolio, taking a profit around $24.31
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We are cutting PointsBet (PBH). There is no sign of slowing cash outflows here, and it seems they are losing ground to competitors.
MM are selling PBH in the Emerging Companies Portfolio, taking a loss around $1.89
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We are taking profits on Pilbara (PLS). This position has more than doubled since its purchase and we see better value in other lithium stocks here.
MM are selling PLS in the Emerging Companies Portfolio, taking a profit around $5.43
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We are taking profits on Strandline (STA). There are a few cracks appearing in the Mineral Sands market, a typically late cycle commodity.
MM are selling STA in the Emerging Companies Portfolio, taking a profit around 42c
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We are adding Bowen Coking Coal (BCB) to the portfolio. Bowen is ramping up production into high coal prices with cashflow to follow.
MM are buying BCB in the Emerging Companies Portfolio, allocating 4% around 29c
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We are adding Centuria Capital (CNI) to the portfolio, a diversified property fund manager able to take advantage of opportunities in a depressed sector.
MM are buying CNI in the Emerging Companies Portfolio, allocating 4% around $1.67
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We are adding Global Lithium (GL1) to the portfolio. The junior lithium company recently raised money with plans to extend their drilling program. We like the space and see near-term catalysts to take shares higher.
MM are buying GL1 in the Emerging Companies Portfolio, allocating 4% around $2.52
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We are adding Premier Investments (PMV) to the portfolio.
MM are buying PMV in the Emerging Companies Portfolio, allocating 4% around $24.85
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We are adding NextDC (NXT) to the portfolio.
MM are buying NXT in the Emerging Companies Portfolio, allocating 4% around $8.64
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We are adding Nine Entertainment (NEC) in the portfolio.
MM are buying NEC in the Emerging Companies Portfolio, allocating 4% around $2.06
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We are adding Regal Partners (RPL) to the portfolio.
MM are buying RPL in the Emerging Companies Portfolio, allocating 4% around $2.84
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