We are reducing our holding in Audinate (AD8) after it traded to all-time highs, cutting by 2% down to a 4% target portfolio weighting.
MM is reducing AD8 in the Emerging Companies Portfolio, taking profit around $11.50
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We are reducing our 4% holding in Bapcor (BAP), taking profit to cut by 1% to target a 3% weighting in the portfolio.
MM is reducing BAP in the Emerging Companies Portfolio, taking profit around $6.60
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We are selling our 5% positing in Capitol Health (CAJ) in the portfolio for a loss with the company continuing to struggle to hit revenue targets.
MM is selling CAJ in the Emerging Companies Portfolio, taking a loss around 24c
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We are increasing out existing position in Centuria Capital (CNI) into weakness, adding 2%. Recent guidance was soft, however we see upside to these numbers with the view that interest rates are at or near a peak.
MM is adding to CNI in the Emerging Companies Portfolio, taking the position to 6% around $1.44
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We are taking a 3% position in sports technology company Catapult Group (CAT) following recent strong guidance and growth targets.
MM is buying CAT in the Emerging Companies Portfolio, taking a 3% position around $1.06
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We are taking a position in copper company Sandfire Resources (SFR) in line with our medium term view of copper, initiating with a 4% portfolio weighting.
MM is buying SFR in the Emerging Companies Portfolio, taking a 4% position around $6.10
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