Dear %%first_name%%,
This week I am in France but I am watching the market like a Labrador eyeing off a croissant. Europe is a great place to be at the moment. I can eye off first hand these markets and I’m in a similar time zone as the US. Of course I’m waking up in the middle of the night to get the latest news on Australia too.
And the more I see, the more I think we’re in for a slow grind higher and any correction, if it comes at all, is going to be minimal. Today we have small-cap guru fund managers Eley Griffiths Group explaining why they have just initiated a position in the National Storage REIT in Shortlisted, and in Buy, Sell, Hold – what the brokers say, we have upgrades for BT Investment Management and Platinum Asset Management.
In a very special My SMSF, Switzer Super Report director Paul Rickard explains what he is doing with his fund as we draw closer to the end of financial year.
We also have an in-depth look at the property market and Tony Negline explains what you need to do with trauma and TPD insurance as 1 July approaches.
Sincerely,
Peter Switzer
One of last year’s darling IPOs, Freelancer.com (FLN) has fallen back to earth and is now trading at around 95c.
“While some way from the IPO price of $0.50, it is well shy of the $2.60 it hit immediately post listing,” Switzer Super Report director Paul Rickard says.
“It’s not for the feint hearted – it is speculative and only 10.6% of the shares are available for trade – the recent presentation to the Goldman Sachs Conference on 21 May provided a useful update on the growth prospects for this company.”