Intelligent Investor

Staff trading exemption granted

By · 26 Nov 2014
By ·
26 Nov 2014 · 1 min read
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Recommendation

ASX Limited - ASX
Buy
below 40.00
Hold
up to 60.00
Sell
above 60.00
Buy Hold Sell Meter
BUY at $35.52
Current price
$62.51 at 16:40 (19 April 2024)

Price at review
$35.52 at (26 November 2014)

Max Portfolio Weighting
8%

Business Risk
Medium

Share Price Risk
Medium
All Prices are in AUD ($)
ResMed Inc. - RMD
Buy
below 6.50
Hold
up to 9.00
Sell
above 9.00
Buy Hold Sell Meter
BUY at $6.13
Current price
$27.92 at 16:40 (19 April 2024)

Price at review
$6.13 at (26 November 2014)

Max Portfolio Weighting
7%

Business Risk
Medium-High

Share Price Risk
Medium-High
All Prices are in AUD ($)

According to our staff trading policy, staff members are not permitted to trade against an official Intelligent Investor Buy or Sell recommendation, other than with specific approval, which will only be granted in exceptional circumstances.

We have granted such approval to senior analyst James Carlisle to Sell shares in ResMed and ASX, in spite of our Buy recommendations on the stocks. The exceptional circumstances are that James bought most of the shares while he wasn't working for Intelligent Investor, and they have reached uncomfortable weightings in his portfolio: at 23% and 20% respectively.

He plans to reduce each holding by slightly more than half, although they will remain above our recommended maximum portfolio weightings of 7% for ResMed and 8% for ASX, reflecting his continued confidence in the two stocks.

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.
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