MIN has underperformed PLS over recent months which is no surprise considering the plunge in iron ore, the primary component of the company’s current revenue flow. We believe the sale of PLS is logical for this $10bn company but as the iron ore outlook clouds an extension of its 24% pullback wouldn’t surprise i.e. we like the idea of slowly accumulating MIN into any further weakness.
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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 currently neutral / positive MIN
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Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
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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
Recorded Monday 25th March
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