While we remain bullish Uranium, recent strength has provided the opportunity to take some profit and temper the overweight position in the Emerging Companies Portfolio. We are trimming Paladin (PDN) back from a 6% target weighting to a 4% target weighting.
NB: We also own PDN in the Active Growth Portfolio, with a 3% target weighting.
MM is reducing PDN in the Emerging Companies Portfolio, taking profit around $1.18, targeting a 4% portfolio weight
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We are taking a profit on Premier Investments (PMV) as it trades near 12-month highs. We are more neutral Consumer Discretionary in the near term and see better opportunities elsewhere.
MM is selling PMV in the Emerging Companies Portfolio, taking profit around $26.80
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We are cutting Praemium (PPS) from the portfolio, a company that has struggled to grow earnings and a recent downgrade reduces our confidence in their ability to compete with the bigger players.
MM is selling PPS in the Emerging Companies Portfolio, taking a loss around 38c
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We are adding to Bapcor (BAP) with the view that falling interest rates and inflation will provide a tailwind in 2024. We are targeting a 5% weighting.
MM is adding to BAP in the Emerging Companies Portfolio, targeting a 5% portfolio weighting around $5.50
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