Glennon Small Companies Ltd (AU:GC1) has released an update.
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Glennon Small Companies Ltd reported a portfolio return of 2.87% in May 2024, outperforming its benchmark despite ongoing economic challenges such as high inflation affecting small businesses and consumers. The portfolio saw strong contributions from Telix, Kelly Partners, and Lovisa Holdings, with the latter expected to withstand consumer spending downturns due to its global expansion and affordable products. Conversely, positions in Zip Co, Perpetual Limited, and Sandfire Resources detracted from performance, with the company making a strategic exit from Perpetual after a lackluster deal announcement.
For further insights into AU:GC1 stock, check out TipRanks’ Stock Analysis page.