We recommend reallocating 2% of our portfolio from Elders (ELD) to Nufarm (GNC). This decision is based on the realization of a 9.2% profit in Elders and the assessment that Nufarm is currently undervalued, as supported by its recent earnings report and market conditions.
The trade in Graincorp has worked in our favor and has now hit the highs of the technical. We are going to take profit on the trade.
The recent surge in Copper prices to record highs is likely to continue with production falling and demand rising from the energy transition and data center demand from AI
Sell 3% of Incitec Pivot Limited (ASX: IPL). The ongoing divestment of its Fertilisers business introduces significant complexity and uncertainty, impacting financial stability.
This action secures a solid 25% profit on half of our investment, aligning with our initial risk management and profit-taking strategy. By locking in gains, we protect our portfolio against unforeseen market volatilities while capitalizing on our successful positioning.
We are now starting to see opportunities in quality companies that have a high yield, reasonable price and growth prospects over the medium to long term
Sell 7% BHYB to buy 4% WOW and 3% BHP
We recommend buying shares of Macquarie Group Limited (MQG) based on its appealing technical indicators, relative undervaluation within the banking sector, and attractive dividend yield.
Current holdings in URNM and PDN totaling 6.5% will benefit from the US ban on Russian Uranium imports
Re-buying WOR in the Balanced Portfolio with a 3% allocation.
Liontown Resources’ March 2024 Quarterly Activities Report highlights substantial progress at the Kathleen Valley Lithium Project, currently 90% complete in process plant construction and over 85% overall project completion.
By selling Woodside Energy Group and buying Karoon Energy, we strategically increase our portfolio’s exposure to crude oil.
With Paladin delivering production on time and the major components of URNM having production difficulties, we are recommending a switch back to Paladin (PDN)
