Balanced Portfolio Risk Reduction: Strategy update
After an unbroken 6 months rally, a number of factors are now compounding to weigh on global equity markets
Balanced Portfolio
Balanced Portfolio Recommendation: Switch 2% Graincorp (GNC) to Nufarm (NUF)
The recent rain on the eastern seaboard and central-west NSW has secured enough moisture for winter crops to be planted and a surge in demand for Nufarm’s products following high rainfall in the East Coast post-Christmas.
Balanced Portfolio Recommendations: ADD Elders (ELD)
We recommend to add into the weakness due to improving agricultural conditions
Balanced Portfolio Recommendations: SELL – Clinuvel (CUV)
We recommend selling CUV due to the current broader market weakness, with the goal of moving to a cash position to mitigate risk and capitalize on potential future buying opportunities.
Balanced Portfolio Recommendations: SELL Take Profit – Treasury Wine Estate (TWE)
Treasury Wine Estates will lift prices of its top-tier Penfolds products as export demand rises and as Beijing lifts restrictions on wine from Australia.
Balanced Portfolio Recommendation: Sell 1.5% Duxton Water (D2O)
With Large amounts of rain predicted in Central NSW over the coming week, the urgency to exit Duxton has increased.
This coupled with the emergence of La Niña will bring wetter conditions to country Australia
Balanced Portfolio Recommendation: Buy 3% Newmont Corp
Newmont Corporation is an American gold mining company based in Greenwood Village, Colorado. It is the world’s largest gold mining corporation. Incorporated in 1921, it owns gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. In addition to gold, Newmont mines copper, silver, zinc and lead.
The Newmont Corporation bought ASX listed Newcrest mining back in November 2023
Newmont has approximately 31,600 employees and contractors worldwide, and is the only gold company in the Standard & Poor’s 500 stock market index.
Balanced Portfolio Recommendation: Buy Hillgrove Resources (HGO)
Hillgrove Resources Limited (HGO) is an Australian mining company listed on the Australian Securities Exchange and focused on the development of the Kanmantoo Underground Copper Mine in South Australia and mineral exploration in the south-east of South Australia. The Kanmantoo Copper Mine is located 55km from Adelaide in South Australia
Balanced Portfolio Recommendation: Switch 2% Worley Limited (WOR) to Maas Group Holdings Ltd (MGH)
Our portfolio has seen considerable returns from Worley Limited (WOR), with a notable performance of approximately 10%, alongside the recent dividend payment. This success prompts a strategic evaluation of our current positions to optimize for future growth and returns. In line with this strategy, we propose reallocating our investment from WOR to Maas Group Holdings Limited (MGH).
Balanced Portfolio Recommendation: TRIM 1/3 (+50%) Liontown Resources (LTR)
Trim 1/3 of Liontown for 50% profit
Balanced Portfolio Update: Increase Price target Treasury Wine Estate (TWE)
The Chinese foreign ministry has begun drafting the removal of tarriffs on Australian wine, reopening Treasury Wines largest market for their flagship brand, Penfolds
Balanced Portfolio Recommendation: Switch 1.5% Duxton Water (D2O) to Elders Limited (ELD)
The emergence of La Niña will bring wetter conditions to country Australia