Archives: Questions And Answers
Hi James and Team
What a difference a week makes!
Can I have an updated view this week on the Iron ore names since China’s decision to set a modest 5% economic growth target for 2023. Is it being interpreted as a sign large-scale stimulus is unlikely?
Last week M Matters view following Chinas PMI beat was “we like the iron ore names at present believing they are set to make fresh recent highs as China reopens its economy” Has this and the hawkishness of Jerome Powell this week changed your view? All 3 names have now traded Ex-Dividend. Where do you see the sell price of RIO, BHP and FMG is heading?
regards
You were neutral Copper Mountain Mining last June. Are you aware of their reason for selling the Eva mine and exploration site in Qld, which I believe would leave them with only their British Columbia tenement? The sacking of their CFO and recent ransomware attack are unfortunate. Do you have an updated opinion on the stock?
Thanks, Jill
Hi James and Team
Can I have your current view on Super Retail.
SUL has traded ex dividend this week so I have received the dividend. However, being consumer discretionary would you continue to hold or sell into the strength its shown since reporting? Do you have a target price to sell at?
regards
Debbie
Hi James,
How often is a distribution
Thanks
YAL reportrd 70 cent fully franked div today yet dropped 5% on heavy turnover. I heard maybe their chinese owners might be going to take them over at a lower price.. Sounds unlikely but strange they should drop with such a big dividend. While you are at it surely AIS oversold – or maybe the report not as good as i thought.
Hi James and Team
Lynas was hit with a fall of 7.2%, a casualty of Tesla’s investor day as Elon Musk flagged moves to remove rare earths from electric motors. Also Karoon Energy slipped 3.8%, hit by a “temporary” crude oil export tax by the Brazilian government. What’s your current view on LYC and rare earths being removed from electric motors?
Do you have any interest in Karoon if it continues to fall below $2 or is it best left alone given the crude oil export tax may not be so temporary?
regards
Still enjoying the daily insights & rationale.
Hi James and Team
With Chinas PMI beat this week supporting the resource names – How would you be playing the Iron Ore Names?
FMG has already gone ex -dividend and BHP and RIO will follow next week on the 9th March. Do you see the Iron ore names being supported by this renewed optimism in China’s reopening? What price would you be looking at selling these 3 stocks into strength?
regards
