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

THIS CONTENT IS ONLY AVAILABLE TO QAV LIGHT AND CLUB SUBSCRIBERS.

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? 
info@qavpodcast.com.au