Archive for March, 2009

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    • Go you good thing

    Friday, March 27th, 2009

    In the spirit of ending the week on a buoyant note, let s pause and consider some of the good news stories to have struggled out of the normally gloomy finance and business pages in the last day or two

    • A key United Nations survey is predicting modest positive growth for Australia in 2009
    • The Australian share market is heading for its biggest monthly gain in more than 20 years
    • The Australian dollar crept back up above 70 US cents
    • The Reserve Bank believes Australia s banks are in a relatively strong position for coping with the GFC
    • US stocks have rallied for a second straight day, following positive economic data which fuelled hopes that the US economy may be stabilising

    Inevitably, each of those items is balanced with talk of ongoing bear market conditions and unsustainable rallies, but sometimes it pays to be selective in your news intake.

    More info:

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    Friday 27th March 2009 MDS Morning Wrap

    Friday, March 27th, 2009

    Presented by Michael Hevern
    MDS Financial

    Click here to watch the presentation.

    or

    Click here to download the mp3 audio recording (919Kb).

    General Advice Only

    *************************************************
    In this morning s wrap

    DOW: up 2.3% – Breakout?
    Growing Unemployment Rate Slowing;
    Best Buys Upbeat on Earnings

    NASDAQ: up 3.8%
    Uptrend Holding;
    Continues to Outperform;

    FTSE: up 0.6% – Resistance!
    Miners and Financials Recover;
    DAX down 1.4% & CAC flat (-0.07%)

    NIKKEI: up 1.8%
    $US10bn Fund To Aid Real Estate;
    Hang Seng up 3.6%

    Oil: up 2.2% – At $54
    US Improving Sentiment
    Despite Weakening Demand

    Gold: up 0.4% ($939)
    Commodities Lower;
    Amid Talk of World Currency

    SPI: Critical Levels: 3740 & 3540
    SPI up 44 (1.2%);
    ASX200 Just Above Resistance
    ASX200 is up 5.3% for the week and 16% for the past 3 weeks

    ASX News
    * Options settlements will add to volatility early
    * RIO up significantly overnight
    * Energy continue up
    * Financials may see profit taking/covered calls
    * ASX to open up US higher;
    * We may see profit taking in afternoon being Friday

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    US Markets Higher Again on 26/3/2009

    Friday, March 27th, 2009

    The US markets closed higher once again bringing the rally to almost 25% from the recent lows.  The Dow closed up 166 points or 2.1% at 7916, the  S&P500 was up 17 points or 2.1% at 831 and the Nasdaq was up 58 points or 3.8%  at 1587.

    Gold climbed $4.20 to $942/oz and crude oil climbed, up by $1.57 to $54.34/bbl.

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    IBA Secures New Contract in Mexico

    Friday, March 27th, 2009

    IBA Health Group Limited (IBA) announced an important step in its strategy for growth in Latin America with a fourth contract for iSOFT in Mexico and its first in Honduras. In a contract with the Honduras government, iSOFT (patient management and clinical applications) will develop and implement a system that will provide a central register of information for government departments to manage health services and improve preventative measures. The initial value of these two contracts is $500,000.

    Gary Cohen, IBA’s Executive Chairman and CEO, said: “While these contracts are comparatively small, they are very important strategically, giving us a foothold in Honduras and extending our reach in Mexico and a springboard to further increase our presence in Latin America generally.”

    http://www.ibahealth.com

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    Troy Resources Buys Intrepid Gold Mine

    Friday, March 27th, 2009

    Troy Resources NL (ASX:TRY) announces it has reached agreement with Intrepid Mines Ltd (ASX:IAU) to acquire its 100% interest in the Casposo deposit in San Juan Province in Argentina. Troy will fund the acquisition out of cash reserves. Completion of the acquisition is subject to receipt of any consent or approval under any law or regulation affecting the parties and to completion of a reorganisation of certain subsidiaries of Intrepid not intended to be included in the acquisition. Completion is also subject to the parties settling a definitive acquisition agreement on usual commercial terms.

    Troy CEO Paul Benson said: “This is an exciting acquisition for Troy. Casposo is an excellent deposit and Intrepid have done a great job exploring and proving up the resource. We see this as tailor made for Troy as we can use our in-house expertise to bring the mine into production quickly. Our aim is to minimise capital and time to first production by utilising an existing gold plant we hold in storage. Ken Nilsson who has built and operated all of Troy’s mines will take responsibility for Casposo.”

    http://www.try.com.au/

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    Prima BioMed Receives Patent for Ovarian Cancer Treatment

    Friday, March 27th, 2009

    Prima BioMed (ASX:PRR) announced that its subsidiary company, Cancer Vac Pty Ltd, has today been granted a patent covering the administration of Prima’s ovarian cancer immunotherapy product CVacTM by the European Patent Office. CVac™ is Prima BioMed’s lead product. It is a therapy treatment for ovarian cancer administered post-surgery and post-chemotherapy to delay relapse and control metastases.

    There is a large un-met medical need for new treatments for ovarian cancer which has a very high morbidity rate, and currently there are no maintenance based therapy products commercially available. The Company is making rapid progress towards commercializing CVac™ into the global multi-billion oncology pharmacy market.

    http://www.primabiomed.com.au

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    French workers kidnap the boss

    Thursday, March 26th, 2009

    French workers have come up with a new and typically flamboyant way to conduct their labour unrest.

    Sacked employees have taken to boss-napping holding bosses hostage in their own offices in an effort to improve redundancy packages.

    Sony and 3M executives have found themselves barricaded inside for several days, while workers of a closing tyre plant threw shoes, burned effigies and burst into a management meeting to pelt the bosses with eggs.

    The police have not intervened in the boss-nappings, providing tacit approval to the revolutionary negotiation tactics. The AFP might not be so understanding though, so it s probably not advisable we try this ourselves.

    Go here to read the full story.

     

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    Thursday 26th March 2009 MDS Morning Wrap

    Thursday, March 26th, 2009

    Presented by Michael Hevern
    MDS Financial

    Click here to watch the presentation.

    or

    Click here to download the mp3 audio recording (1154Kb).

    General Advice Only

    *************************************************
    In this morning s wrap

    DOW: up 1.2% – Breakout?
    Choppy Trade Ends Higher; US Durables Goods Orders (+3.4%) & New Homes Sales (+4.7%)

    NASDAQ: up 0.8%
    Uptrend Holding;
    IBM Concerns re Job Cuts

    FTSE: down 0.3% – Resistance!
    Miners and Financials see Profit Taking;
    DAX down 1.4% & CAC up 0.7%

    NIKKEI: down 0.1%
    Manufacturers Sentiment Worst in 30 Years;
    Hang Seng down 2%

    Oil: down 2.1% – Below $53
    US Inventories Up
    On Weakening Demand

    Gold: up 1.4% ($936) Big Picture
    Commodities Mixed;
    World Currency

    SPI: Critical Levels: 3640 & 3440
    SPI up 15;
    ASX200 At Resistance

    ASX News
    * Options Expiry Today
    * RIO ACCC approves Chinalco Proposal; FIRB still has 90 days to decide
    * Top 200 Rupert tops Rich List 200 (though wealth halved at $3.5bn); Andrew Forrest * No. 2 (wealth down 70%at $2.4bn); Frank Lowry no. 3 ($1.8bn); James Packer ($1.5bn)
    * ANZ Aims for Top 4 foreign bank in China
    * Energy and Golds to weaken
    * Financials to see profit taking
    * RBA Glen Stevens talks economy up; Financial Stabilty Review Report today
    * ASX to open flat US Mixed

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    ASX Top 20 Update

    Thursday, March 26th, 2009

    Dear Members,
    I have updated MDS Radio with a new recording covering the Dow, XJO and the ASX Top 20.

    Click here to watch the presentation.

    Best Regards,
    Leon Hinde.

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    Maxi Trans Share Purchase Plan

    Thursday, March 26th, 2009

    Maxi Trans (MXI) announced on the 26/03/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is 19/03/2009 on which shareholders must own the share to participate in the SPP and the closing date is 16/04/2009. Shares are expected to be issued on 24/04/2009 and commence trading on 29/04/2009. A maximum of $5,000 can be purchased by each shareholder at a discount of 5% to the VWAP.

    Discount : 5.0% Liquidity : Poor Profitability : Good Stability : Poor

    http://www.maxitrans.com.au/

    * Note: Discount is based on the closing price on the 25 March 2009.

    For More Share Purchase Plans go to http://blog.mdsfinancial.com.au/category/share-purchase-plans/

    To Buy Shares And Participate in Share Purchase Plans use Trader Dealer http://www.traderdealer.com.au/

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