Archives: Questions And Answers
FYI, the reason why I like Metcash is because they supply grocieries to all the IGA stores in Australia. I can only speak for my experiences here in WA but every smaller rural town in the wheatbelt of WA has an IGA supermarket and no other. If residents want to buy at Coles or Wollies, they must travel 50 to 100+ km which obviously entails a cost in fuel and vehicle wear and tear, so IGA have got a virtual monopoloy in those towns and are price setters. To my mind, a very important reason why they will continue to do well over the next few years.
Down 11% in less than a week. some decline before SVB and 7% on 13/03. Any ideas? I would have thought as no news the decline is benign.
Hi James/Team,
Dear James / Shawn, Congratulations that several of your recent “hunches” about the market direction have been spot on. Well done ! Now that 3yr bonds appear to have peaked, how far off do you see the A-REITS and Banks being “buys” for the MM Income fund ? Most subscribers would be interested in gaining more income with a degree of “safety” from these investments. best wishes John.
With continuing softness of energy demand and prices WHC is dropping close to $7 Would MM buy hold or sell ?
Hi James. Thank you for your insight.
I like to increase my exposure to food and agricultural stocks.
Please comment on the recent price action of ELD. On Friday’s price would MM buy hold sell or avoid Elders!
Hi James and Team
I found the graph re US/Aus cash rates on Thursday morning’s report very interesting and wondered whether you could expand on the implications of a widening gap in the US/Aus cash rates ..specifically does this imply that Australian firms that earn mostly in USD are set to outperform ? if so I’m thinking CSL but what others may do well ..
Also wondering whether you could give some further discussion to those taking a risk off approach..how is the outlook at present for hiding in hybrids or bonds looking ? ..
Many Thanks
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
