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Category Archives: Trading Updates

Manages Account Trading and Market Updates

Managed Accounts update – Sale of WPL and purchase of COY

Yesterday we made the decision to sell our investment in Woodside Petroleum shares at $47.504. We entered the position on October 27 last year, purchased at $43.78. Including the dividend of 55c which has been received (to be paid 6 April), the investment returned a gross profit of 9.73% in five months. Continue reading »

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Managed Accounts 2nd Quarter Performance Update

A very quick update to let you know that our average performance for the quarter was -0.77%. Over the same period the ASX 200 index was down by -11.2%. This means we beat the index by 10.43% for the quarter … Continue reading »

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Managed Accounts Investment Notification – Sale of BHP and WPL

While the decision to sell was a littler earlier than we had initially targeted, we still want to maintain a high level of caution in the market as it accelerates on the upside. The market reached 4610 points or thereabouts after touching a low of 4200 just one month ago, and this represents a 20% total move (10% down and then back up again). We targeted 4650 in any case, and 40 points is not a lot, considering that volatility. Continue reading »

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Managed Accounts Investment Notification – Sale of AIO

Since purchase of AIO and GPT, the domestic market has been strong, as expected. At this point we see further upside running into the end of financial year as institutions window dress investment performance, which would allow us the opportunity to do some further selling. Continue reading »

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Managed Accounts Investment Notification – Sale of GPT

Good evening, today we sold our position in GPT at our target price. We received just a touch over $2.86 per share. After taking into consideration the dividend of 3.5c we made a gross profit of 11.5% in two and … Continue reading »

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Managed Accounts Update on QHL – Further progress towards JSF full contract

Good afternoon, Today we wanted to update you on the progress of Quickstep Holdings (QHL), our long term investment. QHL made a significant announcement to the ASX on Wednesday this week regarding the Joint Strike Fighter (JSF) development works, to … Continue reading »

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