Gold and value stocks dominate leader-board in EGG stock picking competition

Eley Griffiths Group

Eley Griffiths Group

As the Eley Griffiths Group stock-picking competition nears its final weeks, here is a quick update of the leader-board. A confluence of events including heightened trade tensions, an oil price correction, Brexit, midterms and a general repricing of growth expectations have seen significant challenges for both developed and emerging markets.  

The Australian market has not been immune with ASX Small Ordinaries correcting 11.17%* since the day we launched the competition. The average return across the 948 entries is –20% (as at COB 12/12/2018). But that doesn’t mean there haven’t been some good performances. The Top 5 not surprisingly include a Gold stock, and a number of beaten down value names that have re-rated on significantly better news. The Bottom 5 have had stock specific issues including business closures, border standover men and poor clinical trial results.  

With 3 weeks to go and choppy markets persisting the field is still wide open.  Stay tuned for the winner announcement in January.  Good Luck  

Top 5 performers 

  1. Bellevue Gold (ASX:BGL) +81% 
  2. Paradigm Biopharmaceuticals (ASX:PAR) +50% 
  3. G8 Education (ASX:GEM) +43% 
  4. Kidman Resources (ASX:KDR) +31% 
  5. Eden Innovations (ASX:EDE) +32%

  

Bottom 5 performers  

  1. Freedom Insurance (ASX:FIG) -84% 
  2. Donaco (ASX:DNA) -77% 
  3. Bionomics (ASX:BNO) -75% 
  4. Althea Group (ASX: AGH) -67% 
  5. Adacel (ASX:ADA) -65%

all returns figures quotes as at COB 12/12/2018

You can find out more about the competition in this link: (VIEW LINK)

* Small Ords return taken at COB 13/12/2018


Eley Griffiths Group

Eley Griffiths Group is an independent fund manager specialising in listed Australian small companies. Our investment team has been uncovering hidden opportunities in small caps since 2003.

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