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Thoughts on SIQ & SUL please

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    Thoughts on SIQ & SUL please

    Hi James and Team Can I have your current view on SIQ and SUL. SIQ remains on your Income portfolio Hit List and fell about 6.8% over the 2 days on the 18/9 and 19/9. Today its re-gained so far 2%. Do you know the reason for the fall over these 2 days? and when do you think you might hit the buy button if not on these 2 days it fell. I hold SUL and I know u hold PMV as your preferred retailer Would u continue to hold SUL or deploy these funds elsewhere. regards Debbie

    Answer

    Hi Debbie,

    • We covered SIQ here with a clear level we would be interested to buy it, which is ~$7.50
    • We like SUL (and PMV), both quality retailers, and we would be happy buyers of SUL sub $12 if we had capacity to do so. Unfortunately we don’t. We own PMV in our Emerging Companies Portfolio.
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