Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James and Team, Can you please comment on Calix SPP at $4.55. ( You might have covered this already before Sat Q&A) IGL (Ive Group)is on your Income Portfolio hitlist - Can you comment on when you're likely to buy and at what price. Also I'm holding SIQ and SUL at a loss - I'm holding them as these stocks are on your Hitlist. I'm assuming they are close to buys for M&M and you see upside. regards Debbie
Hi Debbie,
As owners of CXL shares, we will be participating in the share purchase plan at $4.55 with the stock trading ~18% above the price.
We like Ive Group (IGL) around ~$2.20, our plan is to sell either SSM or GEM to fund the purchase. SSM’s AGM has been and gone this week and now we await GEM’s before making a call.
Smart Group (SIQ) is continuing to fall. It is one we are certainly watching because we think it will turn around at some point, but hard to say from what level, hence it being on our Hitlist and not in our Portfolio.
Super Retail (SUL) is a s stock we like sub $9.50, however we must think about the composition of our portfolios. The Income Portfolio has enough retail exposure so therfore we would need to sell something to allocate the funds to SUL. For the Growth Portfolio, we are considering SUL into the current weakness.
Important to note that stocks on the Hitlist may not necessarily be bought in portfolios.
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