Mon 10 Aug 2020

by

All Ords 6247 up 102 pts or 1.7%

Superfund portfolio
The portfolio rose 1.2% in value as follows:

  • A 2.6% rise in Phoslock shares (PET, 20.0¢ up 0.5¢, $125m, daily, hourly) added 0.8% to value. No joy yet.
  • A 1.5% fall in SciDev shares (SDV, 67¢ down 1.0¢, $100m, daily, hourly) took 0.6% from value. Still holding above support.
  • A 5.6% rise in Audio Pixels shares (AKP, $22.41 up $1.19, $643m, weekly, daily, hourly) added 0.9% to value. It would appear that the stock is on its way to test its May high of $23.50.
  • Movements in other stocks added 0.1% to value. Main influences were FGR +4.3% (daily), NOX +9.2% (daily, hourly) and MHC -5.7% (hourly).

Trust portfolio
The portfolio rose 1.5% in value as follows:

  • The 2.6% rise in Phoslock shares (PET, see details above) added 1.4% to value.
  • A 2.6% fall in Electro Optic Systems shares (EOS, $5.68 down 15¢, $844m, daily, hourly) took 0.5% from value.
  • The 5.6% rise in Audio Pixels shares (AKP, see details above) added 0.7% to value.
  • A 2.5% fall in the US portfolio on Friday night shaved 0.1% from value. Main influences were Alteryx -28% (AYX, US$121 down US$48, US$8b, daily) after disappointing guidance, and Datadog -16% (DDOG, US$75 down US$15, US$23b, 4hrs).

Other stocks
None today.

New breakouts of interest
Adairs (ADH, $3.05 up 31¢, $516m, daily)
Homeware retailer with growing online presence. FY20 sales $389m up 13%, EBIT $54m up 40%, NPAT $35m up 19%.

Avenira (AEV, 2.3¢ up 0.4¢, $12m, daily)
Gols explorer. Raised $2.2m before costs in July.

Bid Energy (BID, 85¢ up 9.5¢, $111m, daily, hourly)
Great chart, good business. Had highlighted this as a good possibility a few weeks ago and now it is moving nicely.

Hammer Metals (HMX, 5.4¢ up 0.6¢, $32m, daily, hourly)
Gold exploration around near Bronzewing WA and base metals exploration near Mt Isa QLD.

Mesoblast (MSB, $4.87 up 47¢, $2.8b, daily)
Biotech. Has broken out. Good looking chart.

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2 thoughts on “Mon 10 Aug 2020”

  1. Hello Graeme, Adairs has a profile very comparable to Shaver Shop. Both have been poor performers since their listing for different reasons. They now look as interesting recovery stories and are really cheap with free cash flow yield of 10 %+ (before the change of accounting standard). Both companies are driven by their ecommerce business, even if most of their business is still done with their shops.
    As usual, the main point is not their short term results, but their medium term forecasts. Of course, we know that consumption will normalise over time.
    The main point with retailers is that the ecommerce should benefit from structural growth and traditional shops will benefit from the survival effect (less competition as less new stores and more store closures) and probably lower rents.

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