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Flagship Growth Portfolio – Amendment

CAR

We are buying carsales.com (CAR) into recent weakness. The online classifieds business has raised capital, the bulk of which was done at $18 to buy a stake in an exciting US business. This has created weakness in the share price.

CAR
MM are buying CAR in the Flagship Growth Portfolio, allocating 3% around $17.25
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carsales.com (CAR)
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