Exit Case: Algoma Steel Group Inc. 

Overview:

Algoma Steel Group Inc. (TSX: ASTL) is a Canadian company that produces clean and consistent light gauge steel in North America, offering a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production. Geographically it serves Canada, the United States and the rest of the world, whilst driving key revenue from domestic sales. Substantial revenue is generated from the sale of Steel sheets and strips.

ASTL has been a part of the ‘Value Portfolio’ since 16 June 2025, however, considering a decline in the share price of the stock, an ‘Exit’ is recommended from the stock at the price of CAD 6.34, (as on 17^th September 2025).  

1.1 Support and Resistance Summary as provided in our last published report dated 16 June 2025.

Algoma Steel Group Inc.

New Entry Case: Leon's Furniture Limited 

Overview:  

Leon's Furniture Limited (TSX: LNF) is a Canada-based retailer which is involved in the sale of home furnishing, mattresses, appliances, and electronics. The firm is also the country's commercial retailer of appliances to builders, developers, hotels, and property management companies. It generates maximum revenue from sales of goods by corporate stores.

Technical Analysis: On the daily chart, LNF prices are trading on a positive note after making higher highs and higher lows, indicating positive momentum. The 14-period Relative Strength Index (RSI) stands at approximately 55.11, reflecting a buying interest. Additionally, prices are positioned above the 20-period Simple Moving Average (SMA), which could serve as a support level. The key support for stock is at CAD 25.80, while the critical resistance level is at CAD 33.90.

Considering the above mentioned factors, technical analysis, support & resistance levels, an ‘Entry’ is recommended in the ‘Value Portfolio’ at the closing market price of CAD 29.70, as on (as on 17^th September 2025). 

Leon's Furniture Limited (TSX: LNF) has been identified as the new entry to our Value Portfolio.

2.1 Support and Resistance Summary (as on 17^th September 2025)

2.2 Leon's Furniture Limited (TSX: LNF)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of 17^th September 2025). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.  

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.