EOFY ideas

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Question asked 21/05/2021

EOFY ideas

Hi,

I have a question for the weekly Q&A: Thank you for clear and beneficial advice. I have realised good profits this financial year so am looking to offset by selling some shares showing losses. Which out of this list which would be best to sell: EHL, CGF, PTM, QBE, BPT, SSM?

Thanks...Maxine

Answer

Hi Maxine,

Firstly thanks for the thumbs up, we always like feedback especially of the positive variety! A reminder that at MM we cannot give personal advice, hence I will give a general comment on these stocks.

MM sold our position earlier in the year in BPT and have not considered buying back in at any stage while technically we like QBE – a clear beneficiary of rising bond yields. Also SSM which we hold in our Income Portfolio has endured an awful 6-months but as the business wins back contracts its looking more like a buy than a sell. We are not fans of the CGF business model currently, they are focussed sellers of risk at the wrong times while we are neutral PTM here.

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Beach Petroleum (BPT)

LAST UPDATED 21/05/2021 16:19

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