MM took a 4% position in HUB back in April targeting fresh all-time highs which has now been achieved. This financial platform operator is not strictly perceived as an IT business but it is very correlated to the sector. We like this business but at current levels there is a degree of good news built into the stock plus it has reached our initial upside objective.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM is considering taking a ~20% profit in HUB
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HUB 24 (HUB) research
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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