Viewpoint: Bullish
MM holds ALL in its Growth Portfolio, the gaming business keeps threatening to pop above $35 only for the sellers to regain control, yesterday it reached $35.02 before surrendering half of the days gains.
AUB Group (AUB) provides financial services. The Company offers equity-based risk management, insurance broking, and specialist underwriting agencies, as well as focuses on risk solutions for clients and strengthening our partners risk advisory capabilities.
Mineral Resources (MIN) is a mining service company. The Company provides solutions including open pit mining, crushing, processing, transport, and accommodation. Mineral Resources owns and operates iron ore and lithium mining operations as well as lithium hydroxide processing facilities. Mineral Resources serves customers in Australia.
Champion Iron (CIA) is a exploration company. The Company acquires, explores and develops properties for iron ore deposits. Champion Iron serves customers worldwide.
(+1.25%): More detail out today around the TLS restructure that in MM’s view will unlock value. The telco said that it will separate subsidiaries InfraCo Fixed, InfraCo Towers & ServeCo, which will own Telstra’s physical infrastructure
(+20%): The much maligned casino operator was best of ground today after their 2nd largest shareholder, Blackstone Group launched an $8 billion takeover bid at $11.85 per share.
Pendal Group (PDL) operates as an investment management company. The Company focuses on portfolio management and advisory services to individuals, institutions, trusts, private funds, charitable organizations, and investment companies. Pendal Group serves customers in Australia.
The Banking Sector is obviously a huge influencing factor on the ASX200 and with the “Big Four” significantly outperforming in 2021 its clearly been a positive one.
Global stocks ended mixed last week but most definitely not negative with the MSCI World Index closing less than 1.5% below its all-time high
Goldman Sachs (GS US) is a global investment banking and securities firm specializing in investment banking, trading and principal investments, asset
management and securities services. The Company provides services to corporations, financial institutions, governments, and high-net worth individuals.
