Newscorp exits portfolios
Newscorp is making way for stronger ideas in our model portfolios.
Recommendation
News Corporation -
NWS
Buy
below 15.00
Hold
up to 25.00
Sell
above 25.00
HOLD at $19.79
Current price
$39.32 at 16:40 (24 April 2024)
Price at review
$19.79 at (17 July 2019)
Max Portfolio Weighting
5%
Business Risk
Medium-High
Share Price Risk
Medium-High
All Prices are in AUD ($)
Portfolio management is largely an exercise in optimisation; tweaks here and there are needed to make sure our model Growth and Income portfolios reflect our best ideas. After downgrading expectations for Newscorp (see Taking stock of Newscorp) and with new ideas available, we're selling Newscorp holdings from both models.
Accordingly, the Model Growth portfolio will sell 2,676 shares at $19.79 to raise $52,958 and the Model Income portfolio will sell 2,687 shares at $19.79 to raise $53,175. Neither portfolio will own News and both will gain ammunition for stronger ideas.
IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
Recommendation
News Corporation -
NWS
Buy
below 15.00
Hold
up to 25.00
Sell
above 25.00
HOLD at $19.79
Current price
$39.32 at 16:40 (24 April 2024)
Price at review
$19.79 at (17 July 2019)
Max Portfolio Weighting
5%
Business Risk
Medium-High
Share Price Risk
Medium-High
All Prices are in AUD ($)
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