Yesterday we mentioned HUB’s entrance into the ASX200 in a weeks’ time, a “promotion” that was heralded with a 11.2% rally by the financial platform operator yesterday . We like this leading provider of integrated platforms, data and technology services but we are reticent buyers at present as MM is overall wearing our “sellers hat”. That said, HUB does look well positioned both operationally and technically to test $30 moving forward – perhaps one for some diversification across our portfolio when we ultimately increase cash levels.
MM is bullish HUB initially looking for ~20% upside.
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