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Does MM like Camplify Holdings Ltd (CHL) moving forward?

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Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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    Does MM like Camplify Holdings Ltd (CHL) moving forward?

    Two unrelated questions thanks: 1) I like the hitlist you keep publishing lately for local stocks, which is useful. You did one of sorts today for your favourite international stock picks at present. Is that something you will keep doing going forward (and potentially expand), including rough entry points? 2) What do you think of CHL in general - like or dislike it - and at its current levels (noting the share price has come off considerably in the last year or so)? Would you start accumulating it for one of your pfs?

    Answer

    Hi Lee,

    1 – Short answer is yes and it makes sense to do that in our Wednesday portfolio report across our various portfolios. In terms of international specifically, we are slowly but surely “beefing up” our international offering including adding the portfolio to the MM Invest product suite before Christmas.

    2 – CHL is a $95mn NSW-based tech platform for sharing campervans.   Having seen the stock more than half this year it’s easy to throw it in the too-hard basket – the drop no doubt attributed to the fact that it is unlikely to be profitable before 2025,  but technically it looks ok as a trading play with stops under $2 – not one for MM at this stage though.

     

     

     

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    Camplify Holdings Ltd (CHL)
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