UPDATE 02:45 pm: I just realised that I made a mistake this morning. BRB is under a takeover offer from RMS, which looks set to go through this month. It’s priced into the current BRB price, so there’s not much chance of it going up. I have a note about this in my checklist but I missed it this morning, so please accept my apologies. I’m going to sell today’s parcel and well as the earlier parcel we bought in March (it was also one of the “possible” buys mentioned recently), because the offer is for 2.82 RMS shares for each BRB share, and RMS is currently below its buy line, and I wouldn’t buy it, so I don’t want to accept their shares either. 

I’m going to replace BRB with the following: 

 

1. NAB 

National Australia Bank Limited (NAB) is a financial services group that provides a comprehensive and integrated range of banking and financial services including wealth management throughout Australia and New Zealand, with branches located in Asia, the United Kingdom (UK) and the United States (US). 

This is our second parcel. 


With an Average Daily Trade of $134,239,000 it’s a LARGE cap stock**. 
Some of the reasons it scored well on our list this week include:

  • Based on the share price of $28.82, it has a Quality Score of 63% and a QAV Score of 0.20

2. AX1 

Accent Group (AX1) is a digitally integrated consumer business in the retail and distribution sectors of branded performance and lifestyle footwear, apparel and accessories with over 760 stores across 26 different retail banners and exclusive distribution rights for 18 international brands across Australia and New Zealand.

This is our second parcel of AX1


With an Average Daily Trade of $2,619,000 it’s a LARGE cap stock**. 
Some of the reasons it scored well on our list this week include:

  • Based on the share price of $2.54, it has a Quality Score of 73% and a QAV Score of 0.12

SELLS

1. BFG

BFG has dropped below its Rule 1 trigger for one parcel and the 3PTL for the other, so we’ve sold both.

 

BUYS

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

CURRENT HOLDINGS

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

** 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:

FHE GRR IGL JHG KAR MQG NAB OML PRU QAN QBE RMS SGM SUL WAM WAF

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