Archive for June, 2009

  • You are currently browsing the Online Stockmarket Trading Update blog archives for June, 2009.

    • Geopacific Share Purchase Plan

    Tuesday, June 30th, 2009

    Geopacific NL (GPR) announced on the 29/6/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 29/6/2009 on which shareholders must own the share to participate in the SPP. The closing date for the offer is 24/7/2009. Shares will be issued on 30/7/2009 and begin trading on the 3/8/2009. A maximum of $15,000 can be purchased by each shareholder at $0.04.

    Discount : 0.0% Liquidity : Poor Profitability : Ok Stability : Poor

    www.geopacific.com.au

    * Note: Discount is based on the closing price on the 29 June 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/

    Post to Twitter

    Tags: , , ,
    Posted in Share Purchase Plan (SPP) | No Comments

    Sales up for Harvey Norman

    Monday, June 29th, 2009

    Defying standard practice for an economic downturn, consumers have been buying up at Harvey Norman‘s winter clearance sale.

    Sales results are better than expected, according to CEO Gerry Harvey, with the appeal of cheap imports counteracting shoppers’ reluctance to spend money on furniture and white goods during times of economic difficulty.

    However with discounts of up to 70% the good sales figures come at the cost of healthy profit margins.

    Gerry Harvey sees the trend as a positive indicator for the economy and a sign that unemployment will not reach double figures.

    ASX Code: HVN
    Chart from Market Analyser – click here for a free 14-day trial!

    For more details on this news story:
    The Australian: “Winter clearance gives Harvey Norman a lift”

    Post to Twitter

    Tags: , , , ,
    Posted in ASX Company News | No Comments

    Monday, 29th June 2009 Morning Wrap

    Monday, June 29th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

    Click here to download the mp3 audio recording (1026Kb).

    General Advice Only
    *************************************************
    In this morning s wrap

    DOW: down 0.4% (down 1.2% for Week)
    Concerns Over Upcoming Reporting Season;
    Volumes Down

    NASDAQ: up 0.5% (Up 0.6% for Week)
    Smart Phone Wars

    FTSE: down 0.3% (down 2.5% for Week)
    Consolidation Back to Back Weekly Falls;
    DAX down 0.4% & CAC down 0.9%

    NIKKEI: up 0.8% (Up 1.1% for Week)
    Japan: Concerns over Deflation Undermining Rebound;
    Hang Seng up 1.8%

    Oil: down 0.6% ($69) (Flat for Week)
    Iraq to Unveil Contracts to Increase Daily Output to 4mbd (vs 2.4mbp now)

    Gold: Flat ($937) (down 0.5% for Week)
    Commodities Lower;
    USD Lower

    SPI Flat (Up 0.5% for Week)
    SPI: Critical Level(s): 3850 to 4050

    ASX News

    BLD CEO Rod Pearce to retire by year end
    CTX set for 1H09 profits up 50%
    ROC completes $68.8m placement
    CP – $31m raising done; now awaiting JV decision from BG Group
    FMG on track to stripping $400m in annual costs
    Materials & Energy stocks may see profit taking;
    Banks to offer support
    ASX to open subdued;
    US & UK Little Direction
    30-Jun tomorrow

    Post to Twitter

    Tags: , , , , , ,
    Posted in Stock Market Analysis | No Comments

    Rumours of BHP offloading nickel operations

    Friday, June 26th, 2009

    In business news today speculation is building that BHP Billiton is about to offload its nickel operations.

    Among the assets being discussed are the Ravensthorpe operation in W.A., which has been a less than successful investment, and the Yabulu refinery near Townsville.

    Xstrata and Gladston Pacific Nickel are thought to be interested in Yabulu, and the the Ravensthorpe shire president has reported seeing several investors and companies looking at the mine in recent weeks.

    There is also renewed speculation that BHP will sell its Nickel West business, including the Kalgoorlie smelter and Kwinana refinery.

    ASX Code: BHP
    Chart from Market Analyser – click here for a free 14-day trial!

    For more details on this news story:

    Post to Twitter

    Tags: , , , , , ,
    Posted in ASX Company News | 1 Comment

    Friday, 26th June 2009 Morning Wrap

    Friday, June 26th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

    Click here to download the mp3 audio recording (846Kb).

    General Advice Only
    *************************************************
    In this morning s wrap…

    DOW: up 2.1%
    GDP Revision Slightly Better (-5.5% yoy); Job Data Remains Weak; Fed Testimony

    NASDAQ: up 2.1%
    Oracle Better Results (up 7%);
    OECD Positive Forecasts

    FTSE: down 0.6%
    Materials Stocks See Profit Taking;
    DAX down 0.7% & CAC down 0.8%

    NIKKEI: up 2.1%
    Toyota to Target Global Markets;
    Hang Seng up 2.2%

    Oil: up 2.2% ($70)
    Oil Recovers;
    Nigerian Unrest

    Gold: up 0.8% ($938)
    Commodities Higher;
    USD Lower

    SPI up 32 (0.8%)
    SPI: Critical Level(s): 3850 to 4050

    ASX News
    QAN cancels 15, 787s orders; defers 15 more orders for 4 years
    ABB FIRB OK for $1.6bn Viterra merger
    CCL set for record 1H09 profits
    Materials stocks likely to lead;
    ASX to open higher;
    US & UK Positive Direction
    30-Jun under a week away; options Settling

    Post to Twitter

    Tags: , , , , , , ,
    Posted in Stock Market Analysis | No Comments

    US Markets Higher on 26/6/2009

    Friday, June 26th, 2009

    The US markets climbed strongly higher last night.   The Dow closed up 172  points or 2.0%  at 8472, the  S&P500 was up 19 points or 2.1% at 920 and the Nasdaq was up 37 points or 2.1% at 1784.

    Gold and oil both climbed higher.  Gold was up $5.10 at $939.50/oz and crude oil was up $1.56 at $70.23/bbl.

    Post to Twitter

    Tags: , , , , ,
    Posted in Stock Market Analysis | No Comments

    Transfield Nets $1 billion NZ Telecommunications Contract

    Friday, June 26th, 2009

    Transfield Services has been awarded a ten-year contract with a value of approximately NZ$1 billion for telecommunications field services with Chorus, the fixed voice and broadband network division of Telecom New Zealand.

    Transfield Services will continue to provide network maintenance and sustaining capital works in four of Chorus’ 11 telecommunications field services areas in New Zealand. The Company will assist Chorus install New Zealand’s new high speed broadband network and work to deliver improved service to customers.

    Transfield Services Managing Director and Chief Executive Officer, Dr Peter Goode, said today: “This major contract builds on the existing long-term success sharing alliance we have established with Chorus over five years. As a major incumbent, we will hit the ground running.”

    The contract’s ten-year term allows Transfield Services to position its New Zealand telecommunications business and dedicate resources for the long-term. Transfield Services has a longstanding commitment to New Zealand, and is a leading provider of power, transport infrastructure and telecommunications services.

    www.transfieldservices.com

    Post to Twitter

    Tags: , , , ,
    Posted in ASX Company News | No Comments

    Otto Energy Galoc Field Debt Free and Commercially Viable

    Friday, June 26th, 2009

    Otto Energy Limited (OEL) is pleased to announce that commerciality has been declared at the Galoc Oil Field and that the Company is now debt‐free. The Company also provides an update on its exploration and production operations.

    The extended testing phase at Galoc has concluded and commerciality has been declared. The GPC project debt for the Galoc field has been fully repaid totalling over US$40 million in repayments from oil sales. Otto’s shareholder and director loans were fully repaid using funds raised from its recent capital raising. Otto currently has approximately A$13 million in cash. Otto now expects to receive regular dividend payments from GPC from production net proceeds.

    Under the terms agreed with the Philippine Department of Energy for the Galoc project, GPC on behalf of the Galoc Joint Venture has issued a formal “Declaration of Commerciality” following the completion of the extended testing period. The data obtained during the extended test phase has proved invaluable in providing sufficient confidence of the reservoir performance to justify the commencement of long term production. As a consequence of the declaration, the fiscal terms for the Galoc project revert to the standard terms of Service Contract 14.

    www.ottoenergy.com

    Post to Twitter

    Tags: , , ,
    Posted in ASX Company News | No Comments

    UGL To Run Melbourne Trains

    Friday, June 26th, 2009

    Engineering and property services company United Group Limited (UGL) is pleased to confirm the Metro Trains Melbourne (MTM) consortium has been selected as preferred tenderer to operate and maintain Melbourne’s passenger train franchise.

    UGL is a 20% shareholder in MTM. The other shareholders are MTR Corporation and John Holland. The consortium will operate and maintain the Melbourne passenger train franchise for an initial period of eight years.

    “Our selection as preferred tenderer strengthens our position as one of the Asia Pacific region’s leading providers of end-to-end passenger rail solutions,” UGL Managing Director & CEO Richard Leupen said.

    “In 2009, UGL has also extended our MainTrain passenger car maintenance contract and our Oscar passenger car supply contracts with RailCorp in NSW, and secured the local content portion of the supply of Alstom trains in Melbourne.”

    www.unitedgroupltd.com

    Post to Twitter

    Tags: , , ,
    Posted in ASX Company News | No Comments

    Chinese iron ore discovery may affect Australian exports

    Thursday, June 25th, 2009

    China has discovered an iron ore deposit rich enough to impact on its import of Australian resources, according to a report in The Australian today.

    The China News Agency reported the discovery of the biggest iron ore deposit in Asia, situated in China’s northeast. The deposit would also be larger than BHP and Rio’s Pilbara reserves.

    While the deposit would provide China with a cheap alternative to importing from Australia and Brazil’s Vale, the ore’s iron content grade is not high.


    ASX Code: BHP

    ASX Code: RIO
    Charts from Market Analyser – click here for a free 14-day trial!

    For more details on this news story:

    Post to Twitter

    Tags: , , , , ,
    Posted in ASX Company News | No Comments

    « Older Entries
    Newer Entries »