MM bought VUK yesterday for our MM Flagship Growth Portfolio after its dip over the last fortnight, the UK based bank is enjoying an improving capital position which should lead to a return of dividends. This is one of the cheapest banks globally trading on just 0.6x book value compared to our own sector around 1.3x and Europe’s closer to 1x – CBA still holds the mantle as the most expensive closer to 2x.
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Performance update for March, stocks that drove returns & our current positioning
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Wednesday 24th April – ASX200 +17pts, Silver Lake (SLR), Kogan (KGN) & CPI
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Market Matters Research Lead Shawn Hickman with David Koch
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Wednesday 24th April – DOW +263pts, SPI +27pts
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Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
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Wednesday 24th April – ASX200 +17pts, Silver Lake (SLR), Kogan (KGN) & CPI
Daily Podcast Direct from the Desk
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Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
Podcast
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Wednesday 24th April – DOW +263pts, SPI +27pts
Daily Podcast Direct from the Desk
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