Viewpoint: Bullish
US based ICE operates global exchanges, clearing houses and provides mortgage technology, data and listing services.
SSM has been a poor performer in the MM Income Portfolio and is down ~40% since our purchase.
The Blackstone Group (BX US) operates as an investment company. The Company focuses on real estate, hedge funds, private equity, leveraged lending, senior debts, and rescue financing. Blackstone Group serves customers worldwide.
The Walt Disney Company (DIS US) is a entertainment company with operations in media networks, park experiences & consumer products, studio entertainment and Direct-to-Consumer networks and channels.
Intercontinental Exchange (ICE US) operates global commodity and financial products marketplaces.
The Company operates electronic energy markets and soft commodity exchanges as well. ICE offers
access to contracts based on crude oil and refined products, natural gas, power and emissions, as
well as agricultural commodities including cocoa, coffee, cotton, orange juice, and sugar.
APT has mandated Goldman Sachs to prepare for a listing on the US NASDAQ after posting over $1bn in sales for March.
LYC -8.31%: the Rare Earths miner fell today after releasing 3rd quarter numbers to the market.
CRN -7.74%: The 1st quarter update came in below expectation for CRN today, a similar trend to Whitehaven Coal (WHC) recently, with coal sales falling ~10% largely blamed on the Lunar New Year.
APT -0.14%: The alternative payments company announced it is looking to a US listing, piggybacking off the surging growth seen in international markets. They saw US transaction volume more than double year on year for the quarter, compared to the A&NZ market that was up ~50%.
HUB -0.21%: HUB has announced another quarterly net flows record of $1.9bn which is up ~40% on this time last year and ~11% on the quarter. They now have $35.6bn on the platform as a result of contributions from both significant net flows and favourable market movements.
