We are selling our holding in Sandfire Resources (SFR) in the Emerging Companies Portfolio only, to buy into a smaller, more leveraged play on the copper thematic.
MM are selling SFR in the Emerging Companies Portfolio (only), taking profit around $8.16
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We are allocating these funds into A1M, an up-and-coming Australian copper producer with a market capitalisation of around $200m, with $74m cash in the bank. We covered A1M here.
MM are buying A1M in the Emerging Companies Portfolio, allocating 4% around 33c
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Following a very strong run up in share price, we are trimming Austin Engineering (ANG) from a 4% target to a 3% target weighting.
MM are trimming ANG in the Emerging Companies Portfolio, targeting a 3% weighting, around 65c
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Following a very strong run up in share price, we are trimming SRG Global (SRG) from a 4% target to a 3% target weighting.
MM are trimming SRG in the Emerging Companies Portfolio, targeting a 3% weighting, around 93c
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We are trimming PEXA (PXA) from a 5% target weight back to a 4% target weight for funding.
MM are trimming PXA in the Emerging Companies Portfolio, targeting a 4% weighting, around $13.50
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We are buying commercial building company JLG, as the valuation has come back to a reasonable level, and we expect solid tailwinds for the sector into 2025. We will cover in more depth in coming notes.
MM are buying JLG in the Emerging Companies Portfolio, allocating 3% around $6.00
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We are liquidating Bowen Coking Coal (BCB) with simply too many uncertainties around its future. A poor outcome, from a poor pick, that we are now moving on from.
MM are selling BCB in the Emerging Companies Portfolio, taking a loss around 4.4c
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We are bullish on the outlook for Metallurgical Coal, and after a disappointing update earlier in the year from CRN, yesterday they showed a better production score card and we are now bullish, adding it to the portfolio.
MM are buying CRN in the Emerging Companies Portfolio, allocating 3% around $1.31
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EML Payments (EML) has had a very chequered history, and our holding has reflected that. Payments are a volatile area, though we believe some exposure is important. The momentum in Zip is superior to EML, and we think this trend will continue.
MM are selling EML in the Emerging Companies Portfolio, taking a loss around 90c
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We are stepping up and buying back into Zip Co (ZIP), a stock we’ve owned previously when it was trading at significantly higher levels. Zip now is on the cusp of significant growth, underpinned by the US, and we want a part of it again!
MM are buying ZIP in the Emerging Companies Portfolio, allocating 3% around $1.80
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We like the tailwinds (pardon the pun) for HLO over the coming 12 months, and recently covered the stock here.
MM are buying HLO in the Emerging Companies Portfolio, allocating 3% around $2.28
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Nick Scali (NCK) is a high quality retailer, growing sensibly in the UK, that should benefit from macro tailwinds in 2025.
MM are buying NCK in the Emerging Companies Portfolio, allocating 4% around $14.65
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