Q: Hi,
In an earlier question today you responded being OK selling GRID and replacing with ELVA. Would you please give a brief reason why?
Would you still be OK switching even if selling GRID would result in a capital gain? (Note: the gain would be offset by previous year losses)
Thanks
In an earlier question today you responded being OK selling GRID and replacing with ELVA. Would you please give a brief reason why?
Would you still be OK switching even if selling GRID would result in a capital gain? (Note: the gain would be offset by previous year losses)
Thanks
5i Research Answer:
ELVA is roughly twice the size of GRID, and ELVA has historically shown stronger sales growth rates, but also with more volatility. For higher upside potential, more growth expecations, and a slightly larger name, we would prefer ELVA.