Take profit – Sell into the rally

Brad Holland

Brad has over 20 years experience in the Australian and US equities and options markets. Brad specialises in equities and options for capital growth, income generation and capital protection. He also specialises in finding opportunities in small to medium cap stocks. Brad holds RG146 - Securities & Managed Investments and Accredited Derivatives Adviser Level 2 qualifications.



May 8, 2024



High Conviction Report | RUL.AX

Today we are recommending selling the remaining share in RPM Global Holdings Ltd (RUL).

The High Conviction report entered RUL on the 2^{nd of} February buying 2,000 shares at $1.78. Following the rally after the release of earnings news, we sold 700 shares on the 14^th of March at $2.29.

Today we will sell the remaining 1,300 shares at $2.55 or better to lock in profits. It has been an amazing run higher by RUL and the valuation looks stretched so now is a good time to sell for an excellent return.

Closed position Result

Number of Shares Purchased: 2,000

Initial buy price: $1.78

1^st Exit: 700 shares @ $2.29

2^nd Exit: 1300 shares at $2.55

Average Exit Price: $2.46

Position closed for a Profit of $1,358 or an 38.15% return on funds invested.

This is general advice only. MF & Co Asset Management has not considered your personal financial needs, objectives or current situation. This information is not an offer, solicitation, or a recommendation for any financial product unless expressly stated. You should seek professional investment advice before making any investment decision.