Does MM still like NHC and WHC?
Hi Guys I didn't receive the portfolio amendment notification, of 4/9/23 - no email. While I'm here, Shawn, I sent a question in two weeks ago which may have got lost. It was about WHC vs NHC.
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Answer
Hi Nick,
We’re really sorry about the confusion around this weeks alert, I reiterate what we said on Tuesday:
- Unfortunately some members didn’t receive Mondays alert but its still valid i.e. increase our exposure to BHP Group (BHP) in both Income & Growth Portfolios plus increasing our APA position in the Active Income”
In terms of Whitehaven Coal (WHC) and New Hope Coal (NHC) we are bullish toward both but acknowledge the short-term trend is down, we will consider increasing our WHC position into fresh 2023 lows assuming the decline is just related to a pullback in the underlying coal price.
