Emerging Companies Portfolio

For those seeking higher growth investments

31.35% Returns pa since inception to 31-10-21

About The Portfolio

The newest Market Matters Portfolio that searches for small & mid capitalisation emerging stocks (ex-100) that show strong underlying growth characteristics. This is a higher risk portfolio and investors should expect greater volatility in returns.

**Portfolio Performance** UPDATED 31/10/2021 17:00
Portfolio	1M	3M	6M	1Y	3Y pa	ITD PA*
Emerging Companies	1.13%	8.11%	9.96%	12.69%	-	31.35%
Target Return 12%	1.00%	3.00%	6.00%	12.00%	-	12.00%
Difference	+0.13%	+5.11%	+3.96%	+0.69%	-	+19.35%

* Inception date 31/01/2020

**Portfolio Holdings** UPDATED 23/11/2021 16:30 trade now
COMPANY CODE	STOCK NAME	WEIGHT (%)	RISK	TIME HORIZON	ENTRY DATE	ENTRY PRICE ($)	LAST PRICE ($)	DIVIDENDS ($)	GAIN / LOSS (%)
ABY	Adore Beauty Group Ltd	5	Moderate	Medium	23/10/2020	6.75	4.52		-33.04
AD8	Audinate	5	Moderate	Medium	04/11/2021	8.93	9.39		5.15
ASB	Austal Ltd	7	Moderate	Medium	22/06/2020	3.3	1.86	0.1	-40.76
CAJ	Capitol Health	5	Moderate	Medium	08/09/2021	0.4	0.37	0.01	-5
CRN	Coronado Global Resources Inc	6	High	Medium	21/01/2021	1.09	1.15		5.05
CXL	Calix	5	High	Long	13/09/2021	4.22	7.28		72.51
DUB	Dubber Corp	4	High	Medium	06/10/2021	3.25	3.4		4.62
EML	EML Payments Ltd	4	High	Medium	03/03/2020	3.6	2.72		-24.44
IGL	IVE Group Ltd	5	Moderate	Medium	31/01/2020	2.31	1.75	0.2	-15.58
LYC	Lynas Rare Earths Ltd	6	Moderate	Medium	1/02/2021	5.51	8.62		56.44
NTO	Nitro Software Ltd	4	High	Medium	9/06/2021	3.14	3.67		16.88
PBH	PointsBet Holdings Ltd	6.67	High	Medium	29/04/2021	12.29	7.48		-39.14
PDN	Paladin	4	High	Medium	27/09/2021	0.77	1.01		30.52
PLS	Pilbara Minerals	4	Moderate	Medium	06/10/2021	1.87	2.52		34.76
PPS	Praemium Ltd	4	Moderate	Long	29/04/2021	0.785	1.45		84.71
SRG	SRG Global Ltd	5	Moderate	Long	16/07/2021	0.56	0.5	0.01	-9.82
SSG	Shaver Shop	5	Moderate	Medium	11/11/2021	1.06	1.21		14.15
STA	Strandline Resources Ltd	3	High	Medium	22/06/2020	0.25	0.22		-14
TYR	Tyro Payments Ltd	5	High	Medium	31/03/2020	1.87	3		60.43
Z1P	Zip Co Ltd	3	Moderate	Medium	31/03/2020	4.04	5.39		33.42

Portfolio cash position: 4.33%

**Recent Sales** UPDATED 11/11/2021 17:00 trade now
Company code	STOCK NAME	WEIGHT(%)	RISK	TIME HORIZON	ENTRY DATE	ENTRY PRICE ($)	CLOSE PRICE ($)	DIVIDENDS ($)	GAIN / LOSS (%)
KGN	Kogan.com Ltd	5	Moderate	Medium	27/03/2020	7.89	9.15	0.21	18.63
WZR	Wisr Ltd	5	High	Long	31/03/2020	0.27	0.255		-5.56
RSG	Resolute Mining Ltd	4	High	Medium	17/03/2021	0.635	0.44		-31.1
MNY	Money3 Corp Ltd	4	Moderate	Medium	31/01/2020	2.46	3.5	0.26	52.85
PDN	Paladin Energy Ltd	6	High	Medium	26/05/2021	0.48	0.95		97.92
TPW	Temple & Webster Group Ltd	5	Moderate	Medium	1/02/2021	10.53	12.35		17.28
RHP	Rhipe Ltd	4	Moderate	Medium	07/05/2020	1.86	2.53	0.05	38.71
Z1P	Zip Co Ltd	3	Moderate	Medium	31/03/2020	4.04	7.13		76.49
OPY	Openpay Group Ltd	3	High	Medium	31/01/2020	1.21	1.55		28.1
MLD	MACA Ltd	4	Moderate	Medium	27/01/2021	1.37	0.945	0.04	-28.1
BAP	Bapcor Ltd	6	Moderate	Medium	31/03/2020	4.01	7.95	0.24	104.24
ORE	Orocobre Ltd	5	Moderate	Medium	10/03/2021	4.41	5.98		35.6
SMR	Stanmore Coal Ltd	4	High	Medium	10/03/2021	0.89	0.775	0.04	-8.43
MOE	Moelis Australia	5	Moderate	Medium	22/02/2021	3.09	4.95		60.19
PNI	Pinnacle Investments	6	Moderate	Long	22/02/2021	4.79	9.28	0.22	98.33
GPR	Geopacific Resources	3	High	Medium	22/02/2021	0.36	0.36		0
KGN	Kogan.com	2.5	Moderate	Medium	1/02/2021	5.5	17.28		243.54
ALU	Alitum	5	Moderate	Medium	12/01/2021	30.13	31.08		3.06
AD8	Audinate	5	Moderate	Medium	29/06/2020	8.00	5.5		-31.25

OPINION
ACTION

Opinions for stocks held in the Emerging Companies Portfolio

25/11/2021 16:39

EML Payments (EML) $3.61

EML +31.27%: the payments company got a boost today after updating the market around the regulatory issues in Ireland. The PCSIL business was in the firing line from the Central Bank of Ireland earlier this year for money laundering issues and has been working with the regulator since to resolve it. Today’s update suggests the bulk of the work has...

25/11/2021 11:28

Emerging Companies Portfolio – Amendments

We are trimming ASB to buy ABB in the Emerging Companies Portfolio

23/11/2021 09:11

Pilbara Minerals (PLS) $2.48

Lithium producer PLS has been one of MM’s favourite charts of 2021 as it continue to follow our roadmap like a well-trained blue heeler. Assuming we are correct PLS should pop up towards the $2.70 before potentially failing, nothing new for PLS – remember we’ve already witnessed 2 aggressive pullbacks this year i.e. 41% and 30%.

22/11/2021 17:02

Strandline (STA) 21c

STA +5%: more movement brewing for Strandline as they work towards first production at WA’s Coburn mineral sands project. They’ve signed a 10 year mine-to-ship logistics and port storage contract with Qube in line with their original forecasts. Prices across the mineral sands commodity deck have soared recently, and with first shipping now 12 months away, Strandline is in the box seat to take advantage with costs for each stage of the build coming in at or below expectations, which is important in an environment where cost inflation has clearly increased.

17/11/2021 17:16

EML Payments (EML) $2.91

EML +3.56%: The main focus from EML shareholders in today’s AGM was the ongoing remediation work in their Irish PCSIL business. EML remains on track to have the bulk of the work wrapped up by the end of the year, with some minor changes rolling into the first quarter of 2022, the same commentary put out at the result a few months ago. EML have...

17/11/2021 17:15

Praemium (PPS) $1.485

PPS -0.34%: the investment platform business hosted their AGM today with two key areas in focus. While business is chugging along nicely through the first quarter, the key focus was on 1. any news around the divestment of the international arm and 2. an update regarding a potential new bid from Netwealth. The CEO said that they were in the final phase...

16/11/2021 17:16

SRG Global (SRG) 52c

SRG +4%: the mining and asset services company announced a number of new contract wins today worth around $110m. It includes two 3 year mine maintenance contracts, a 3 year engineering services contract for NZ dairy producer Fonterra and two deals with Rio Tinto for work on their Queensland alumina refinery. The key will now be margins – services...

16/11/2021 17:15

Capitol Health (CAJ) 37c

CAJ +7.25%: the diagnostic imaging company hosted their AGM today with a solid performance update which helped the stock higher. Capitol Health has seen revenue up 6.3% in the first 4 months on the year when compared to the same period pre-CVOID in FY19. This comes despite around 80% of revenue being generated from Victoria, one of the hardest...

12/11/2021 17:15

Calix (CXL) $7.34

CXL +19.93%: shot up today after filing for a patent - they are looking to use their technology to produce a zero emission steel option which would allow mills to reduce temperature and use renewable power in steel manufacturing. The technology will move on to testing next but it’s just one of the many applications of their kiln technology that...

11/11/2021 17:13

Nitro (NTO) $3.70

NTO -2.81%: returned to trading today after successfully completing a capital raise to fund an acquisition. NTO is raising $140m at $3.43/sh through a placement and a 1 for 11.4 entitlement offer, a 10.7% discount to Tuesday’s close. The money will be put towards a $US81m acquisition of Connective, a European e-signature business. It’s an on message...