Report Cover Page

Contents

Where are we in the Cycle?
The absence of a global growth pickup remains a constraint on sector performance. Signs that growth in China might have not yet slowed appreciably suggest worse to come. More...

Market Directions
Exchange rates resurfaced as important market influences with the potential to create more headaches for the sector. More...

Portfolio Performance and Positioning
Signs of life in the uranium sector have lifted the Phase I group of companies. In recent weeks, the PortfolioDirect stock selections have been weighted toward Phase I and, within that, the significantly underperformed uranium segment. Overall cash positions remain cyclically high. More...

Stock Reviews and Rating Analysis
PortfolioDirect introduces its ‘Steak or Sizzle?’ commentary on the top performing stocks in the sector. “All sizzle and no steak” is a reference to excitement which fails to measure up to expectations of quality. ‘Steak or Sizzle?’ recognises that resource sector investors are constantly confronted by choices requiring them to distinguish between ‘steak’ and ‘sizzle’. This week’s review covers Greenpower Energy (GPP), Activex (AIV), Metals Australia (MLS), Grand Gulf Energy (GGE) and Deep Yellow (DYL).
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Although the statements of fact in this communication have been added from and are based upon sources E.I.M. Capital Managers Pty Ltd, the publisher, believes to be reliable, their accuracy is not guaranteed and any such information may be incomplete or condensed.

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