Portfolio Update

I thought a quick update was needed as there has been some major activity in the portfolio.

RHD Bought at 65c now trading at 64c for a LOSS of 1c (-1.5%)
SCV Bought at 80c now trading at 74c for a LOSS of 6c (-7.5%)
FEA Bought at 63c now trading at 64.5c for a PROFIT of 1.5c (2.3%)
ITD Bought at 41.5c now trading at 43c for a PROFIT of 1.5c (3.6%)
CKL Bought at 59c now trading at 60.5c for a PROFIT of 1.5c (2.5%)
MCP Bought at $2.65 now trading at $2.89 for a PROFIT of 24c (9.0%)
AVE Bought at $2.19 now trading at $2.30 for a PROFIT of 11c (5%)

MCP came out with a good profit outlook. They are expecting increased earnings on like for like sales up 40%. This is a very good news story and should push the company up much higher. Even after the news this company is only trading around 11 times earnings.

Good Luck.