Light Trades 2023-02-03

Anoth­er sell today. Bad news if you hold MSV, but good news for new sub­scribers who are wait­ing for anoth­er buy rec­om­men­da­tion, I guess.

In oth­er news… 

Robert Forster, co-founder of the leg­endary Bris­bane band The Go-Betweens, just came out with his lat­est solo album today, “The Can­dle And The Flame”. I men­tion this, not just because I’m a big fan, but also because my beau­ti­ful and tal­ent­ed wife, Chris­sy, plays vio­lin on the track, “The Roads”. Check it out on Spo­ti­fy by click­ing the cov­er art below!

SELLS

1. MSV

MSV came out with their half-year report and while it sounds rel­a­tive­ly pos­i­tive on the sur­face (“Sol­id oper­at­ing per­for­mance drove con­tin­ued mate­r­i­al increas­es in rev­enue (17.7%), oper­at­ing rigs (10.1%) and shifts (9.6%) for FY23 Q2 ver­sus FY22 Q2.”), the mar­ket has­n’t respond­ed well, and it’s trig­gered its 3PTL, so I’ve let it go. It might be a case of “buy on the rumour, sell on the fact”, in oth­er words, investors believed they would come out with good results, so bought it ahead of time, and have tak­en prof­its now that the results are out. There might be some neg­a­tive fac­tors regard­ing future per­for­mance that I did­n’t pick up in the report. Either way, we’ve sold it.

BUYS

CURRENT HOLDINGS

Here’s a list of our cur­rent hold­ings in the four Light port­fo­lios. Please note that this should NOT be used as a shop­ping list! Many of these stocks are no longer val­ue buys, which is a good thing because we bought them when they were under­val­ued. I pro­vide this only for your ref­er­ence.

** Please remem­ber to review our Buy­ing Guide­lines to under­stand which cap bands you should be look­ing at and oth­er impor­tant con­sid­er­a­tions. 

DISCLOSURE 

In the inter­est of full dis­clo­sure, we would like to advise that, as of the date of this email, the QAV team cur­rent­ly hold these stocks in their per­son­al port­fo­lios:

AMP CGF FHE GRR IGL JHG MQG NHC NWH PRU QAN QBE RRL S32 SGM WAF WAM WDS WHC

Please note that our per­son­al hold­ings might not include the stocks we rec­om­mend in QAV Light. This is because we already have full port­fo­lios (15–20 stocks) and can only add new stocks if we have to sell some­thing. 
If you’re inter­est­ed in learn­ing more, please review our trad­ing and dis­clo­sure pol­i­cy.

FOR NEW MEMBERS

If you’re new to QAV Light, here’s a quick reminder on how it works. 

1. We send you an email every Mon­day advis­ing which stocks we are adding to our Light port­fo­lio.
2. You can copy our trades, but please remem­ber to review our Trad­ing Guide­lines to under­stand which cap you should be look­ing at and oth­er impor­tant con­sid­er­a­tions. And con­sult a finan­cial plan­ner before mak­ing any deci­sions.
3. We don’t rec­om­mend that you add stocks which are already in our port­fo­lio. Their posi­tion on our buy list might have changed since we rec­om­mend­ed them. Just start with the stocks rec­om­mend­ed after you become a mem­ber.
4. If one of the stocks we add breach­es one of our sell con­di­tions, we will sell it from our port­fo­lio and you’ll get an email advis­ing of the trade. Again, you can copy our trades, but seek finan­cial advice before mak­ing any deci­sions. And please check your Rule #1 price (see Trad­ing Guide­lines).

That’s it for today! 

If we decide to buy or sell some­thing, we’ll let you know. 

Got a ques­tion? 
[email protected]