QAV Light Weekly Update #158

Hap­py Mon­day, Light Brigade!

I hope you had a great week­end. As usu­al, mine con­sist­ed of kung fu, and lots of cod­ing. I drew a game of chess against my son Tay­lor, which was a big deal. It’s been a long time since I man­aged one of those against him. 

Any­way… let’s see where things are at with our Light port­fo­lios this week!

All the best,
Cameron

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PORTFOLIO UPDATE

In the last week, the Light Group of port­fo­lios were ‑0.4% vs the index which was +0.35%.

The best per­form­ers for the week were BOL (+10%) and MLX (+10%). The worst were CVL (-22%!!!) and AMP (-17%).

It’s that time of year when com­pa­nies release their 1H results (and in some cas­es, like AMP, their full year results) and some­times they aren’t well received.

We bought CVL on 21/05/2024 at $0.97 and its cur­rent­ly trad­ing at $1.03, so we’re still +6%, but a week ago it was 28%. Their 1H report announced that while rev­enue increased slight­ly (+2.1% to A$502.9 mil­lion), prof­it after tax dropped by 16.9% to A$26.49 mil­lion.

AMP announced a mas­sive drop in net prof­it – AMP’s net prof­it fell by 43% to $150 mil­lion, which is a sig­nif­i­cant decline and like­ly spooked investors.

We sug­gest­ed AMP as a Pos­si­ble on 27/09/2024 at $1.34 and it is now $1.43, which is +7%.
How­ev­er we then added AMP to the 231 port­fo­lio on 18/11/2024 at $1.55, so that par­cel is now ‑8%.

Nei­ther of those parcels are a sell for us just yet but we’ll keep an eye on them.

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SELLS

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BUYS

CURRENT HOLDINGS & HISTORICAL TRADES

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

DISCLOSURE 

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).
5. If you come across any QAV ter­mi­nol­o­gy that you don’t under­stand (eg Rule 1, 3PTL, Pos­si­bles, etc), please review our ter­mi­nol­o­gy guide or just email us for clar­i­fi­ca­tion.

That’s it for today! 

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

Got a ques­tion? 
[email protected]

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And here’s my video of the week.

Chi­nese robot­ics firm UNITREE released a video of their G1 mod­el danc­ing this week. Pret­ty cool (or ter­ri­fy­ing, depend­ing on how you look at it).