Balanced Portfolio Recommendation: Re-Buy Worley Limited (WOR)
Re-buying WOR in the Balanced Portfolio with a 3% allocation.
April 2024
Alpha & Balanced Portfolio Recommendation: Add 1.5% Liontown Resources Ltd (LTR)
Liontown Resources’ March 2024 Quarterly Activities Report highlights substantial progress at the Kathleen Valley Lithium Project, currently 90% complete in process plant construction and over 85% overall project completion.
Balanced Portfolio Recommendation: Energy Rebalance Switch 2% Woodside Energy Group (WDS) to Karoon Energy Ltd (KAR)
By selling Woodside Energy Group and buying Karoon Energy, we strategically increase our portfolio’s exposure to crude oil.
Balanced Portfolio Recommendation: Switch 2% URNM ETF to Paladin Energy (PDN)
With Paladin delivering production on time and the major components of URNM having production difficulties, we are recommending a switch back to Paladin (PDN)
Market Calendar 29th April – 3rd May 2024
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
Alpha Recommendation: Close – Crude Oil ETF (OOO)
Betashares Crude Oil Index ETF – Currency Hedged (Synthetic) (OOO) is an exchange traded fund seeking to provide investment results that correspond to the price and yield performance of the S&P GSCI Crude Oil Index (the Underlying Index), with a currency hedge against movements in the AUD/USD exchange rate. The responsible entity is BetaShares Capital Limited.
Market Calendar 22nd April – 26th April
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
Alpha Recommendation: Buy – Crude Oil ETF (OOO)
Betashares Crude Oil Index ETF – Currency Hedged (Synthetic) (OOO) is an exchange traded fund seeking to provide investment results that correspond to the price and yield performance of the S&P GSCI Crude Oil Index (the Underlying Index), with a currency hedge against movements in the AUD/USD exchange rate. The responsible entity is BetaShares Capital Limited.
Alpha Recommendation: Buy – Westgold Resources (WGX)
Westgold Resources Limited (WGX) is a West Australian gold producer located in the Murchison and Bryah regions of WA. The Company has tenure of more than 1,300 sq.km. and operates four underground mines and three processing plants with an installed processing capacity of approximately four million tonnes per annum.
Balanced Portfolio – Physical Silver (ETPMAG) Trim, Take Profit (+23%)
The recent run in Silver and the “store of value” trade is at odds with the interest rate outlook and we will likely see a pullback as geopolitical tensions ease
Balanced Portfolio Risk Reduction: Strategy update
After an unbroken 6 months rally, a number of factors are now compounding to weigh on global equity markets
Alpha Recommendation: Sell Take Profit – Droneshield (DRO)
Our initial buy recommendation was at $0.72. Since then, DRO has experienced a decent upside move, largely due to the escalating situation in the Middle East, which has amplified the need for DroneShield’s offerings. With the share price now touching $0.95, our designated exit point, we have achieved a profit of 31.95%.