Viewpoint: Bullish
In this week’s Market Matters Video Update – Click Here – I encouraged Harry to do some work on independent platform provider Praemium (PPS) given its recent ~20% pullback.
MP1 has been a drag in MM’s Flagship Growth Portfolio however we’ve held on for a couple of key reasons.
For the last decade Uranium has been a place to avoid with prices for ‘yellow cake’ below the cost of production providing little incentive for new investment.
As US bond yields consolidate their recent advance and the US$ pulls back, Gold is finally seeing some favourable tailwinds adding another ~1% overnight with Gold equities outpacing those gains.
WSA +7%: jumped the gun in terms of quarterlies today, pre-releasing the March quarter numbers which show a solid rebound into the new year.
Could this Self Storage REIT be back in the sites of suitors – the share price certainly suggests as much?
Dexus is Australia’s largest office landlord and as you can imagine suffered heavily at the hands of COVID, and to date their recovery has not been as swift as many of the other stocks in the sector.
Goodman is now the largest property company on the ASX with a market capitalization of ~$34b, about the same size as Afterpay (APT)!
Argentinian focussed Lithium company Orocorbe (ORE) rallied more than 7% after analysts at Citi turned bullish on the company with a price target north of $6.
Yesterday, the largest shareholder of Asia’s largest technology company Tencent was looking to sell 2% of the company reducing it’s stake from 30.9% down to 28.9% raising around US$14 billion in the process.
