Uranium Switch
BUY - Paladin Energy Ltd (PDN)2%
&
SELL- Uranium Miners ETF (URNM) 2%
*** GENERAL ADVICE ONLY ***
Description
Sector: Uranium
On Feb 8th we switched to the safety of the URNM ETF, however since then we have seen the likes of Cameco and Kazatomprom deliver disappointing results, while Paladin has remained on schedule to first production
Now the risk has lessened in Paladin, we see a switch back from the ETF into the single stock exposure as the better value, around 2-3% cheaper than where we switched in February
Paladin Energy Ltd (PDN) BUY 2% ALLOCATION
<$13.40
TRIM Uranium Miners ETF (URNM) 2% OF 6.5% HOLDING
>$9.50
NEW ALLOCATION 4.5%
Trade Paladin (PDN )
Allocation: 2% Entry: $<13.40 Target: $16.75 Stop: $11.50
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.