Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
You have had SIQ on your Income Portfolio hitlist for some time. What entry level are you looking for to buy in? Also VUK has been volatile over the past few months but appears to now be steadily improving. What are your current thoughts on the stock. Thanks
Hi Ian,
Two very different questions here although in both cases we must remember MM runs real money portfolios hence as we are basically fully committed to the market, into this historically strong Christmas period, to buy something we also have to sell something i.e. switch. In other words, it’s a 2-sided coin:
Virgin Money UK Plc (VUK) $3.14 – like much of the Banking Sector VUK has traded sideways through most of 2023, its currently down -4.3% year-to-date, without paying the enticing dividends of its peers. Like much of the sector/market VUK has bounced of late but we prefer Macquarie Group (MQG) is a higher beta short-term play.
SmartGroup (SIQ) $8.83 – we continue to like SIQ and as you say it resides in our Hitlist for the MM Active Income Portfolio but from a pure standalone perspective, the ideal entry to the stock is back around $8 support.
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