We’re initiating a position in Aussie Broadband (ABB) as per comments in recent reports. We think this stock has strong growth prospects.
MM are buying ABB in the Emerging Growth Portfolio, allocating 4% around $5.00
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We are trimming our holding in Austal (ASB) by 3%, reducing from a 7% weighting to a 4% weighting. While we like the stock, the turnaround will take time hence our reduction.
MM are trimming ASB in the Emerging Companies Portfolio, taking a loss around $1.88
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