Short “High Conviction” Ideas Revisited
Over the past month, we’ve focused on a handful of short positions. Commonwealth Bank of, Computershare, Perpetual, Platinum Asset Management and IRESS.
We continue to see weakness across these names.
Perpetual – Add to the “short list”
Perpetual is under Algo Engine sell conditions and we now add exposure to the short side.
We see downside risks for PPT in the months ahead.
Perpetual & Iress “Short Watchlist”
Algo Update – Perpetual Ltd (Short Signal)
Over the past year, Perpetual has experienced $3 billion in net outflows from its Australian Equities funds, equivalent to -13% of assets under management (AUM).
With the stock price down over 20% following the recent ALGO sell signal, we look for the the $37 – $41 range as new buying support.
Level 29 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
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