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Start sharpening the “Buy” pencils.

MM has focused on our Flagship Growth Portfolio this morning but we also hold reasonable cash levels in other portfolios which may spring into action if / when we do see opportunities arise if the current retracement is ongoing. We currently hold 7% of this portfolio in cash with one stock close to being cut which would increase this to 11% i.e. Monadelphous (MND) missed earnings by ~13% in August and we feel its going to take time to alleviate the margin pressure they are currently experiencing, hence taking a small ~5% profit and moving on makes sense as / when better opportunities unfold elsewhere.

MM is considering cutting our 4% holding in Monadelphous (MND)
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Monadelphous (MND)
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