Rss Feed
Tweeter button
Facebook button

Capitol Health, Vocus, the best of the tips

Angie Ellis of 80 20 Investments has taken the lead in week one of the new four-week Shares Race.

Her best pick, Capitol Health, which supplies diagnostic imaging services to the Australian healthcare market, is the second-best performing tip of all with her original $10,000 worth $12,632.

Capitol Health’s share price rose strongly this week after saying it would sell some assets, while providing an upbeat guidance on earnings.  

Ellis finishes the first week with her portfolio worth $105,280.

The market finished the week with SP/ASX 200 slightly higher at just under 5800 points.

It was a shorter trading week with the market closed on the Monday holiday.

There were gains in the early part of the week, partly attributed to investors putting money into super before new caps start from July 1.

Those gains were reversed in the second half of the week as a rate cut by the Reserve Bank looked less likely after the release of data showing a fall in the jobless rate.

Investment Magazine editor Sally Rose is in second spot. Her best-performing pick, Vocus Group, is the best pick overall with her original $10,000 in the telco worth $12,842.

The telco is in play with private equity firm KKR making a bid to buy Vocus, which saw its share price shoot higher.

Money editor Caitlin Fitzsimmons is in third spot. Her best pick, Qantas, has had an improving share price for most of the past year.

The Shares Race is a fantasy shares game. Contestants start with $100,000 across 10 stocks.

Article source: http://www.smh.com.au/money/investing/capitol-health-vocus-the-best-of-the-tips-20170616-gwsb5j.html