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What are they up to?Taking a closer look

If you're not in profit you might be looking at the leaders, who have increased their portfolios by around $4000 - $5000, and wondering what they are up to?

To help answer your question, this fortnight we are taking a sneak peek at the trading activity of a few of the leaders.

Three syndicates have been chosen from the top ten. We have disguised their identity and kept a couple of their stocks hidden. Copying their portfolio misses the point as the Game is all about learning by doing things yourselves. And anyway these shares may have already shown their greatest gains.

So here you go - you can now see what the leaders have been up to:

Syndicate A: So far this syndicate has chosen to buy and hold. They have invested in 5 stocks including GPT - GPT Group, DJS - David Jones, FLT - Flight Centre and two others. The sectors they have invested in are energy, financials, consumer discretionary and industrials. They are holding only a small amount of cash.

Syndicate B: This syndicate is holding 4 stocks including ANZ, NCM - Newcrest mining and two others. They have bought 7 times and sold 3 times, taking profits on the stocks they have sold. They are invested in the financial and materials sectors. They are holding around $8,000 cash.

Syndicate C: This syndicate has bought 7 stocks and sold only once. The stock they sold was sold at a profit, so it may be that they decided to lock in some profits. At present they are holding ABC - Adelaide Brighton, ANZ, DJS - David Jones and two others. They are invested across a wide range of sectors including materials, financials, energy, industrials and consumer discretionary. They are holding very little cash.

You can view Syndicate portfolios here.

Your feedbackYour feedback: This week we hear from Aiden at St Bede's College, VIC. Aiden says..."I have learnt that buying a diverse amount of different stocks will cost you a lot in brokerage fees. It is better to buy a lot of one stock rather than buying small amounts of a few stocks..."

If you have any tips that you would like to share, whether it be from a mistake you have made or a lesson learnt or even how you are progressing in the Game send it in. We have a 2 movie tickets for the student that gives the most helpful feedback each fortnight. Email your feedback to school.smg@asx.com.au

A reminder: To be eligible for prizes, you must have bought shares, within the Game, in four different companies over the Game Period. One buy transaction must have been completed by 17 April 2014.

The indices and share price list has been updated for the period to 13 March - 9 April (CSV 8KB). Here is the hot & cold stocks list for the week (PDF 20KB) - this will be updated on your Game home page each week.

Rankings: There certainly has been a mix up in the rankings over the past few days. Cian Hussey from CBC Fremantle, WA has moved up into 1st place with a portfolio value of $55,394. Only $122 behind in 2nd place is Jackson C from St Joseph's College, VIC with a portfolio value of $55,272. And M&T from East Doncaster Secondary College, VIC is in 3rd place with a portfolio value of $54,785.

Keep learning,
The Game Team

Citi logo

Citi - Market Overview

8 April 2014

Recent macroeconomic newsflow has been largely positive for Australia. Australia's trade balance was $1.2bn in February per ABS data. Low interest rates have continued, with the RBA retaining the cash rate at 2.5% in April for 7 consecutive months. The labour market improved, with ANZ job advertisements up 1.4% in March, and 5 consecutive months of positive growth. Business conditions similarly improved to +1 in March, though business confidence declined to +4 per NAB survey data given uncertainty regarding the global economy. Australian retail sales also rose 4.9% in February, according to ABS data.

Upcoming Australian macroeconomic data to watch for includes:

  • Westpac consumer confidence data - 9 April 2014
  • Unemployment rate - 10 April 2014

Australian publicly listed companies recently released their 1H2014 results. Rising residential property prices have benefited sectors such as construction and retail. For example, Stockland reported a 1H2014 profit of $298mn (up 4.8% yoy) and guided for 5-6% EPS growth in FY2014. Despite rising office vacancies and retail lease incentives, positives for Stockland include its residential property business. Likewise, Premier Investments reported a 1H2014 EBIT ex-Breville of $61.5mn (up 9.2% yoy) with strong like-for-like sales growth of 4.4%. Peter Alexander and Smiggle' sales were particularly standout; Smiggle's UK expansion will continue into 2H2014. Challenges in these sectors include falling property yields, competition from overseas retailers and the rise of online sales respectively.

*Dates subject to change without notice. Participation in the Game is subject to acceptance of the Game Rules.
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