We are cutting MLD for a loss today as the stocks breaks support. Increasing labour costs are hurting margins. We see better opportunity elsewhere.
MM is selling MLD in the Emerging Companies Portfolio for a loss around 95c
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We are buying PBH as it has pulled back into our target range. The betting company is making strong in roads into the US wagering space which short support high growth into 2022.
MM is buying PBH in the Emerging Companies Portfolio with a 4% weighting around $12.30
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We are buying PDN with a limit price of 38c. As per recent notes, we think the uranium sector is gaining traction and PDN is well capitalised and ready for a restart of operations if prices continue to improve as expected.
MM is buying PDN in the Emerging Companies Portfolio with a 3% allocation at a 38c limit
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We are buying PPS. The independent platform space has a structural tailwind as money moves out of the old aligned investment managers. PPS is one of the cheapest in the space.
MM is buying PPS in the Emerging Companies Portfolio with a 4% weighting around 77c
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