iShares Global Consumer Staples ETF

Posted on | by Leon Hinde

iShares Global Consumer Staples is under Algo Engine buy conditions and is a current holding in our iShares ETF model portfolio.

$74 is likely to act as support as we see a defensive rotation as market flows.

The fund aims to provide investors with the performance of the S&P Global 1200 Consumer Staples Sector Index TM, before fees and expenses. The index is designed to measure the performance of global consumer staples companies and may include large-mid or small-capitalization stocks.

Bega Cheese – Rallies 15%

Posted on | by Leon Hinde

Bega Cheese switched to Algo Engine buy conditions back on the 15/6 at $4.50. Following a retest of the initial entry level this week, Bega then rallied 15%.

We’ve seen other food-related companies report strong earnings with an increase in stay at home cooking, supporting industry fundamentals. Despite this, we traded out of BGA in Friday’s session and locked-in the gain.

1H20 earnings showed mixed performance and we’ll be reviewing the full-year results when announced in August.

TPG & TUAS Demerger

Posted on | by Leon Hinde

Tuas Limited (Tuas) was incorporated in March 2020 as part of the TPG Telecom Limited group of companies (TPG).

TPG has demerged its TPG Singapore mobile business, TPG Telecom Pte Ltd (TPG Singapore), from the broader TPG Group by transferring all the shares in TPG Singapore to Tuas.

The demerger and separate listing of Tuas occurred on 30 June.

We see value in the new TPG Telecom business and will revisit the buy opportunity on the next higher low formation.

AusNet – Earnings Review

Posted on | by Leon Hinde

On 12 May Ausnet released the full year 2020 results.

The overall financial performance improved in FY2020, with increases in all key measures except cash flow from operations, which was impacted by several non-recurring items.

Gold – Breaking US$1800

Posted on | by Leon Hinde

Gold surged to its highest in nearly 8 years as fears of a resurgence of new coronavirus cases kept demand strong. Gold is on path for its biggest quarterly gain since 2016.

U.S. gold futures settled up 1.1% at $1,800.5