Cannacord Genuity
BUY Hearts and Minds (HM1)
This listed investment company is finally trading at a discount to net tangible assets. Declared a solid dividend and you get exposure to some of the best fund management picks for no management fee.
GQG Partners (GQG)
A US-based global fund management boutique with four core strategies, great management, and a founder lead who owns 68 per cent of the company. Upside ahead.
HOLD Western Areas (WSA)
A solid recent result but its guidance was downgraded and no dividend was declared. Hold while the nickel price is strong.
Cochlear (COH)
Despite pandemic restrictions, its profit result was quite good and the focus remains on longterm market growth.
SELL WAM Research (WAX)
It’s trading at a substantial premium to net tangible assets. Take profits and redirect to other listed investment companies trading at a discount.
IRESS (IRE)
Revenue from its retail unit was down around 5 per cent. It’s likely to distribute proceeds from the sale of its mortgage business but better value is elsewhere.