Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi , I bought into BCB when you guys did but did not get out when you did , it has continued to slide I thought it can not go lower as we all know COAL will be needed for a long time yet , The climate cult is not facing reality in my view , The other producers I own WHC , NHC have made me money so why does BCB continue to fall ?.......And I own some GQG but am under weight what is your view on this stock , buy , hold , sell ?
Hi Glenn,
We continue to like the Coal Sector over the medium term; we hold Whitehaven Coal (WHC) in our Active Growth Portfolio and New Hope (NHC) in our Active Income Portfolio. We sold out of Bowen Coking Coal (BCB) due the uncertainties around its future. They need money, that’s the short of it, and we made some comments in another question today around this.
GQG Partners (GQG) $2.86 – – The fund manager made the headlines recently when it basically halved its tech exposure in their global equity fund to just 21% in April from 43% a month earlier having now moved “underweight” the sector compared to its benchmark. We believe this top-quality Active Fund manager is good buying around the $2.60 area.
On relative pricing and expected upside, we do have a preference for MFG, which is what we own.
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