Virgin UK (VUK) & Worley Parsons (WOR)

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Question asked 18/09/2021

Virgin UK (VUK) & Worley Parsons (WOR)

Hi there James and the team,

The newsletters are great. I have learnt sooo much! Can you tell me if MM thinks Worley (WOR) and Virgin Money (VUK) are a buy? Are there any other banks that you prefer to VUK?

Thanks

Kim

Answer

Hi Kim,

Thanks for the words of encouragement, much appreciated.

MM has mentioned its intention to accumulate VUK into weakness around the $3.30 area a purchase which compliment our CBA & NAB holdings perfectly. If we held no banks I would be inclined to keep it simple and hope the market delivers the opportunity to go long CBA in the $95-$97 area.
Oil and gas engineering company WOR has struggled through 2021 and at this stage its in the too hard basket for us, we see better opportunities elsewhere – Cimic (CIM) is one we don’t but quite like.

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Worley Parsons (WOR)

LAST UPDATED 17/09/2021 16:50

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