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.
Archive for July, 2009
You are currently browsing the Online Stockmarket Trading Update blog archives for July, 2009.
Analysis of DJI, XJO and ASX Top 20
Friday, July 31st, 2009Friday, 31st July 2009 Morning Wrap
Friday, July 31st, 2009Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (988Kb).
General Advice Only
************************************************
In this morning s wrap
DOW: up 0.9%
Commodities Recover;
MasterCard up 3%
NASDAQ: up 0.8%
Yahoo to get 88% of its Search Revenue;
FTSE: down 1.9%
Miners & Energy Recover;
DAX up 1.7% & CAC up 2.1%
NIKKEI: up 0.5%
JPY: Qtr Factory Prod n up 8.3% (1953) vs 22.1% Slump
Hang Seng up 0.5%
CHINA: up 1.6%
Oil: up 6% ($67) ( Up 50% YTD)
Economy Stabilising
Gold: up 0.5% ($934) Two Week Lows
Commodities Higher;
USD Lower
SPI: Critical Level(s): 4050 to 4250
SPI up 33 (0.8%)
Commodities Recover
ASX News
LGL 1H09 612,000oz (up 8%), Guidance on-track (1 to 1.2m oz)
Aus – June Home Approvals up 9.3% (vs May -11.3%)
Banks broke key resistance (ANZ/CBA/WBC)
QBE in talks to buy Elders
DMP FY09 profits to be up 30%
Reports: F: PBG(1H) ORG(Q4),ERA(1H)
Materials & Energy stocks to recovery
Banks to rise
ASX to open higher
US & UK surge
End of Month
US Markets Close Higher on 30/7/2009
Friday, July 31st, 2009The US markets were sharply higher but retreated towards the close. The Dow closed up 83 points or 0.9% at 9154, the S&P500 was up 11 points or 1.1% at 986 and the Nasdaq was up 16 points or 0.8% at 1984.
Gold and oil both climbed strongly higher to recover some of teh previous falls. Gold was up $7.60 at $937.30/oz and crude oil was up $3.59 which is 6% at $66.94/bbl.
South American Iron & Steel Share Purchase Plan
Friday, July 31st, 2009South American Iron & Steel (SAY) announced on the 30/7/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is the 7/8/2009 on which shareholders must own the share to participate in the SPP. The closing date is 25/8/2009. Shares will be issued on 4/9/2009 and begin trading soon after. A maximum of $15,000 can be purchased by each shareholder at $0.078.
Discount : 22.0% Liquidity : Poor Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 30 July 2009.
South American Iron & Steel Share Purchase Plan
Friday, July 31st, 2009South American Iron & Steel (SAY) announced on the 30/7/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is the 7/8/2009 on which shareholders must own the share to participate in the SPP. The closing date is 25/8/2009. Shares will be issued on 4/9/2009 and begin trading soon after. A maximum of $15,000 can be purchased by each shareholder at $0.078.
Discount : 22.0% Liquidity : Poor Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 30 July 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/
Macquarie Telecom Asset Sale and JV Agreement
Friday, July 31st, 2009Macquarie Telecom (MAQ) today announced it has entered into a Share Sale Agreement with CITIC 1616 Holdings Limited , one of the leading wholesale voice service providers in Asia. Macquarie Telecom agreed to sell to CITIC 1616 its wholly-owned subsidiary Macquarie Singapore Pte Limited for cash consideration of SGD10.5 million (subject to adjustment). The transaction is expected to complete by the 31 of July 2009. In addition, Macquarie Telecom will be CITIC 1616’s preferred partner for its Australian inbound and outbound Voice and Data traffic. Conversely CITIC 1616 will be Macquarie Telecom’s preferred partner into Asia. The strategic partnership with CITIC 1616 means that Macquarie Telecom will expand its reach into the Asian region by leveraging CITIC 1616’s extensive presence in the region. CITIC 1616 has points of presence worldwide for interconnection, with over 350 telecom operators in 62 countries. Its wholly own subsidiary, CPCNet, is also the leading MPLS VPN service provider in Asia.
Mr. David Tudehope, the Chief Executive Offer of Macquarie Telecom, said “we are excited about entering into a new strategic partnership with a telecommunications enterprise of the size and reach into the Asia market of CITIC 1616.” ”Our new relationship with CITIC 1616 will strengthen our Asian reach, particularly into China. The sale of our Singapore business will generate additional capital for the continued expansion of our Hosting and Data businesses,” Mr Tudehope said. “We are pleased that our new partner CITIC 1616 shares Macquarie Telecom’s passion for customer service and believe both our customer bases will benefit from this new strategic partnership.” Mr. Norman K. T. Yuen, the Chief Executive Officer of CITIC 1616, said: “This new strategic partnership will create significant business synergies and mutual benefits through reciprocal traffic between CITIC1616 in Greater China and Macquarie Telecom in Australia as well as other collaborative opportunities.”
AquaSure Consortium To Build Victorian Desalination Plant
Friday, July 31st, 2009The Premier, John Brumby, today announced the AquaSure consortium had been awarded the contract to build Australia’s biggest desalination plant, which will secure Victoria’s water supplies, deliver as many as 1700 direct new jobs and help ease tough water restrictions.
Mr Brumby said the Victorian Government selected AquaSure, consisting of Suez Environnement, Degremont, Thiess (a subsidiary of LEI) and Macquarie Capital Group (a subsidiary of MQG) to build the $3.5 billion desalination plant, with key features including a guarantee to deliver desalinated water by the end of 2011; value for money for water users; delivery of water to meet Victoria’s high water quality standards; flexibility to supply between 0 and 100 per cent of the plant’s capacity in block increments; proven and secure desalination technology; and security of finance for the project in a constrained global economy.
“I am delighted to announce today that AquaSure will build Australia’s biggest desalination plant near Wonthaggi,” Mr Brumby said. “This desalination plant will be operational from the end of 2011 and is critical to securing water supplies for Melbourne, Geelong and to wns in Western Port and South Gippsla nd. Our Government is committed to Victoria’s Desalination Project because we must deliver a solution that is not rainfall dependent in an era of climate change. Together with the Food Bowl Modernisation Project and Sugarloaf Pipeline, our new desalination plant will help ease water restrictions. I expect these projects will see our water storages begin to recover in 2012 and restrictions progressively eased. Mr Brumby said AquaSure had committed to additional features and projects, to ensure Victoria’s desalination plant was not only Australia’s biggest, but Australia’s most advanced, including secure underground power supply; commitment to renewable energy projects to offset the plant’s energy use; minimizing the impact on the local environment, including continued use of Williamson’s Beach and the best possible visual amenity at the plant site; and delivering benefits to the local community, such as a new broadband fiber optic cable and a secure local water supply.
Other local projects to be delivered with the desalination plant include a $12 million in road upgrades, many of which are underway and development of a housing strategy for workers coming to the region. Financial close on the contract will occur by 4 September. AquaSure will begin construction in October on the desalination project, which will include the plant at Wonthaggi, the 86-kilometre transfer pipeline to connect to Melbourne’s existing network, the underground power source and renewable energy projects.
Industrea Awarded Coal Contract by Cockatoo Coal
Friday, July 31st, 2009Continuing its push into new mining services markets, Industrea Limited (IDL) today announced that Cockatoo Coal (COK) has awarded a $30 million per annum contract for its Baralaba Coal Mine to Industrea subsidiary, Huddy’s Mining Services. The contract includes a fully integrated range of advanced mining services, including provision of a Senior Site Executive, equipment, operators, maintenance, service and support and drilling and blasting services. The contract term is for 18 months with an 18 month extension. Located around 50 kilometres north of Moura, Queensland, the Baralaba Coal Mine produces 300,000 tonnes per annum of pulverised coal injection and thermal coal for export from the Port of Gladstone.
Industrea Managing Director and CEO, Robin Levison, said the contract win demonstrated the success of Huddy’s diversification into new markets outside its strong base in Mount Isa. “Huddy’s has long been recognised as the leading supplier of diverse mining and earthmoving activities in the Mt Isa region. Since our acquisition of Huddy’s last year we have successfully exploited synergies with the Industrea group by expanding into new areas for Huddy’s such as the coal industry, winning new contracts with Rio Tinto Coal in the Hunter Valley and Bowen Basin,” Mr Levison said. “Cockatoo Coal is an expanding producer in the Bowen Basin and we are excited by the prospect of further growth in its operations, having won the new customer against tough competition based on our strong record in mining safety and productivity.” Cockatoo Coal Managing Director, Mark Lochtenberg, said “Cockatoo Coal has ambitious plans to boost production at Baralaba to a target of 60,000 tonnes per month during the next 24 to 36 months, while applying a disciplined cost management focus. We see Huddy’s Mining Services as the perfect partner in our growth plans, as it has an excellent fit with our people and product offering. Huddy’s has all the latest equipment and a strong safety record, with a competitive cost structure for the current economic environment.”
Thursday, 30 July 2009 Morning Wrap
Thursday, July 30th, 2009Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (962Kb).
General Advice Only
************************************************
In this morning s wrap
DOW: down 0.3%
Commodities Weigh;
CAT 2Q Profits Beat Forecasts
NASDAQ: down 0.4%
Microsoft by 12% Stake of Yahoo Search;
FTSE: down 1.3%
Miners & Energy Weigh;
DAX up 1.8% & CAC up 1.1%
NIKKEI: up 0.3%
China s Banks to Hit Breaks;China PPI Tonight
Hang Seng down 2.4%
CHINA: down 4.5%
Oil: down 6.8% ($63)
Profit Taking; CFTC Reform;Demand Falling (BP)
Gold: down 0.8% ($927) Two Week Lows
Commodities Lower;
USD Higher
SPI: Critical Level(s): 3950 to 4150
SPI up 3 (0.1%)
Commodities Down
ASX News
MQG sees rising profits FY10 +19%; $4bn surplus capital
WES Coles turnaround on track
TSE US recession -> $168m impairment charge
GUD profit down 6.9% – still in strong position
Reports: Th: AUN,HWI,AXA(1H),LGL (Q2); F: PBG(1H) ORG(Q4),ERA(1H)
Materials & Energy stocks to see further profit taking
Banks to hold
ASX to open lower
US & UK momentum falling
US Markets Lower on 29/7/2009
Thursday, July 30th, 2009The US markets closed lower after a heavy fall in Chinese markets and commodity prices. The Dow closed down 26 points or 0.3% at 9070, the S&P500 was down 4 points or 0.4% at 975 and the Nasdaq was down 7 points or 0.4% at 1967.
Gold and oil both fell sharply again. Gold was down $12.00 at $929.70/oz and crude oil was down $3.88 which is 6% at $63.35/bbl.
