Geoff Wilson, Chairman of Wilson Asset Management, says he is anticipating more downgrades as the Australian share market approaches the FY14 interim reporting...

Geoff Wilson, Chairman of Wilson Asset Management, says he is anticipating more downgrades as the Australian share market approaches the FY14 interim reporting period. The Fund Manager has been trimming positions over the past few months as companies met or exceeded WAM's internal price targets. Wilson says the portfolio is now conservatively positioned, sitting on close to 42% cash and well placed to swoop on those businesses with good growth prospects. With the market taking a breather after a strong performance in 2013 Wilson is hoping the current carnage will continue, ultimately presenting his investment team with the next round of opportunities. Speaking after WAM Capital posted a record interim profit and increased dividend (up 8.3%) Wilson shares his view on the outlook for February and the key growth stocks currently held in the WAM portfolio.