We are initiating a position in Storage King Group (ASX: SKG) in the Emerging Companies Portfolio to upweight property with a potential corporate twist. SKG is now the only remaining ASX-listed pure-play self-storage operator, trading at a material discount to NTA – our thesis on the stock is covered here.
MM is buying SKG in the Emerging Companies Portfolio, allocating 4% around $1.13
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We are selling Silex Systems for a loss given the extended timeline to commercial viability. Commercial operations at Paducah remain targeted for 2030 though further technology viability and licensing milestones remain hurdles for the business. We remain bullish on the uranium sector and are retaining exposure through NextGen Energy (ASX: NXG).
MM is selling SLX in the Emerging Companies Portfolio, taking a loss around $3.30
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