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Updated view on few battered up stocks?

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Updated view on few battered up stocks?

Hi, I have parcels of AGL, APX, IFL and PPG ranging from 30-50% down. Am considering selling them to turn into WOW? I am open to any thoughts. Thanks Neville

Answer

Hi Neville,

We own AGL & IFL in our Income Portfolio and view both as turnaround stories gaining momentum, although we have acquired both at lower levels. At this stage we would be a seller of AGL above $8 & IFL nearer $4. Of the two, we prefer AGL here and now.

We recently sold APX for a loss, we think the next 12 months is more of a coin toss for this provider of Artificial Intelligence solutions as major changes occur in the space. We are negative here in that time frame.

PPG is a $100m packaging business that looks weak both fundamentally & technically.

We like Woolworths (WOW) having recently bought the stock in our Flagship Growth Portfolio.

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