Balanced Portfolio - TRIM 1/3 (take 50% profit) Liontown Resources (LTR)
Date: 13/03/2024
*** GENERAL AVICE ONLY***
Trade Plan
Despite the positive announcement of the $550m debt facility which will take Liontown beyond production, the holding is now $44% in the money, we think it prudent to sell 1/3 of the holding reducing the allocation to 1% with a target now above $1.70
Current allocation: 1.5%
Entry: $1.02
TRIM: 0.5% at $1.53 (+50% profit)
New Allocation: 1%
New target price above $1.90
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.