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The situation with recent move on Sandfire (SFR)

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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The situation with recent move on Sandfire (SFR)

Hi, thank you for your help with getting through the market. I am confused with your last trade alert regarding the SFR. You have specified in the message - "...we are reducing from a 4% target (which is more like 6% in real terms), back to a 3% target weight... ". In your Portfolios window it looks like you sold the whole outstanding package (4%). There is no entry in the active portfolio for the SFR, and in the bottom section "Recent Sales" you put the same information with selling the whole position. So, to summarise, have you trimmed the position as per the "Alert", or was it sold as per you "Portfolios" window. Thanks once again for your service, Robert

Answer

Hi Robert,

We’re sorry that was an overzealous entry, the Alert was correct – we only trimmed our position in Sandfire (SFR) we are still long in our Active Growth Portfolio and the site has been corrected. The Portfolio and recent trades can be seen here.

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Sandfire Resources Ltd (SFR)
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