You are currently browsing the Online Stockmarket Trading Update blog archives for July, 2010.
Finbar Group Limited (FRI) will go ex dividend on 6/8/2010. The current dividend payment is 5.5 cents and it is 100% franked. The record date is 12/8/2010 and the dividend will be paid on 20/9/2010. Based on the full year payment the dividend yield is 7.6%.
*Current Yield: 5.6% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 23/7/2010. Current yield is based on the current dividend payment only.
Singapore Telecom (SGT) will go ex dividend on 5/8/2010. The current dividend payment is 8 cents and it is 0% franked. The record date is 11/8/2010 and the dividend will be paid on 27/8/2010. Based on the full year payment the dividend yield is 5.1%.
*Current Yield: 3.1% Franking: 0% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 23/7/2010. Current yield is based on the current dividend payment only.
Hire Intelligence (HII) will go ex dividend on 4/8/2010. The current dividend payment is 0.4 cents and it is 100% franked. The record date is 10/8/2010 and the dividend will be paid on 6/9/2010. Based on the full year payment the dividend yield is 4.0%.
*Current Yield: 4.0% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 23/7/2010. Current yield is based on the current dividend payment only.
Westoz Inv Ltd (WIC) will go ex dividend on 3/8/2010. The current dividend payment is 7.5 cents and it is 100% franked. The record date is 9/8/2010 and the dividend will be paid on 16/8/2010. Based on the full year payment the dividend yield is 9.7%.
*Current Yield: 7.2% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 23/7/2010. Current yield is based on the current dividend payment only.
Ozgrowth Limited (OZG) will go ex dividend on 3/8/2010. The current dividend payment is 1.1 cents and it is 100% franked. The record date is 9/8/2010 and the dividend will be paid on 16/8/2010. Based on the full year payment the dividend yield is 8.5%.
*Current Yield: 6.7% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 23/7/2010. Current yield is based on the current dividend payment only.
Djerriwarrh (DJW) will go ex dividend on 3/8/2010. The current dividend payment is 16 cents and it is 100% franked. The record date is 9/8/2010 and the dividend will be paid on 24/8/2010. Based on the full year payment the dividend yield is 6.1%.
*Current Yield: 3.7% Franking: 100% DRP Discount: 5%
*Yield has been calculated on the closing price on the 23/7/2010. Current yield is based on the current dividend payment only.
Leighton Asia (LEI) secures a A$172 million contract for the provision of mining services at the Martabe Gold Mine in North Sumatra Province, Indonesia. Martabe Gold Mine is recognized as a world class gold/silver asset; containing a resource base of 6.5Moz gold and 66Moz silver. Located in North Sumatra Province, Indonesia, it is part of G-Resources Group Ltd’s (G-Resources) operations. PT Leighton Contractors Indonesia, a division of Leighton Asia, has been awarded a contract to undertake the mining activities, including mine haul road construction, topsoil removal, drill and blast, mining of waste and the construction of mine infrastructure. Production will ramp up to 10 Mtpa once at full production and PT Leighton Indonesia has commenced mobilization and the first equipment is due on site in early August 2010.
Managing Director of Leighton Asia, Hamish Tyrwhitt, said, “we are excited by the opportunity to work closely with G-Resources. Our project team has a solid reputation for delivering Greenfield projects in Asia, drawing upon Leighton’s core skills and significant abilities.” The award of the mining contract highlights Leighton Asia’s ability to deliver robust mining solutions to clients across Asia and reaffirms the company’s competitive position and solid abilities in Indonesia. “This contract will enable Leighton Asia to diversify its mining operations in Indonesia both by commodity and geography,” Mr. Tyrwhitt said. “Accordingly we will be optimising local employment with intensive training programmes, highlighting our commitment to the local community and other important stakeholders,” he said.
Leighton Asia is part of the Leighton Group, Australia’s largest project development and contracting group with annual revenues exceeding US$16.5 billion. Leighton Asia has been operating in Asia for 35 years. Based in Hong Kong, the company also operates in Macau, China, Mongolia, Taiwan, the Philippines, Guam, Thailand, Vietnam, Laos, Cambodia and Indonesia. Focused on success and with a unique combination of local knowledge and international experience, Leighton Asia is the region’s international contractor of choice. It owns the Martabe gold and silver project in North Sumatra and is looking to grow an Asia Pacific focused world class gold company. The Company has a market capitalisation1of approx. US$0.87 billion / HK$6.77 billion with 14.1 billion shares on issue. Top 20 shareholders include major international resource funds and Hong Kong and Mainland China institutions.
http://www.traderdealer.com.au/Fundamentals/lei
Codan Limited (CDA) advises that Ross Video Limited of Ontario, Canada has executed a letter of intent to buy 100% of the shares of Codan’s wholly-owned Melbourne-based subsidiary, Codan Broadcast Products Pty Ltd. The sale is scheduled for completion on 31 August 2010. Ross plans to continue operations from Codan Broadcast’s current premises in Melbourne, Australia, with the name of the business and product branding changing to Ross Video. Codan Broadcast products will become part of the Ross product portfolio. Codan Broadcast is a respected supplier of routers, interface products and audio monitors to the Australian and international TV broadcast markets.
Ross Video designs, manufactures and supports a wide range of innovative products for use in live production applications. Ross’ award-winning product line includes Vision, Vision Octane and CrossOver Video Production Switchers; openGear, RossGear and GearLite Terminal Equipment; SoftMetal Video Servers; OverDrive Production Control Systems and XPression Character Generators. Ross products are installed in over 100 countries around the world, where they are used daily by top broadcasters, production companies, sports stadiums, government agencies and houses of worship.
Key new products that the Codan Broadcast acquisition will provide to Ross include a flagship line of routing systems that will complement and enhance the already extensive Ross product portfolio. Codan Broadcast’s significant presence in the Australian market will provide Ross with even greater access to and better support for Australian customers. Codan Broadcast represents a very small component of Codan Limited’s overall sales and profits. The sale of this subsidiary company will not adversely affect the ongoing financial performance of Codan Limited.
http://www.traderdealer.com.au/Fundamentals/cda
Transfield Services (TSE) facilities management subsidiary USM has secured a new one-year contract currently valued between US$85 million and US$100 million, to deliver exterior facilities maintenance services to over 4,000 Walmart stores across America with a conditional option for a second year. USM has also been awarded a one-year renewal of the existing snow and ice removal contract. Together, the two contracts are currently estimated to be worth US$130 million per annum. USM will provide a wide range of services, including landscaping (estimated to be 25% of total work), snow removal (35%), parking lot maintenance (35%) and water reclamation pressure washing (5%).
Managing Director and Chief Executive Officer, Peter Goode said today: “Our capability of delivering asset management solutions from an owner’s perspective continues to position us competitively across a variety of geographies and asset classes. Our extensive network of quality control personnel, backed up by world-class compliance monitoring and management systems, continues to be a fundamental key to our success.” The services provided by USM allow clients to reduce operating costs, standardize services and improve visibility of spend. By using a service partner to manage the day-to-day service delivery, clients can focus resources on long-term strategic initiatives. Chief Executive, Americas, Larry Ames said: “This is a landmark contract for USM and a major step forward in executing on our strategy to provide high quality integrated facilities management and maintenance solutions to mass merchant retail clients.” USM’s national footprint of integrated service solutions is underpinned by uality data management and weather monitoring systems that ensure rapid response for critical weather events such as snow storms and hurricanes.
Transfield Services delivers essential services to key industries in the resources and industrial, property and infrastructure sectors. A leading global provider of operations, maintenance, and asset and project management services, Transfield Services has more than 28,000 employees in Australia, New Zealand, the United States, Canada, the United Arab Emirates, Qatar, India, Malaysia, Chile and New Caledonia.
http://www.traderdealer.com.au/Fundamentals/TSE
U.S. stocks rose on Friday amid better-than-expected corporate earnings and in Europe the Bank “stress tests” delivered few surprises.
The SPI Futures is above the key level of 4400 the ASX is set to open higher as the SPI Futures closed up 0.9% (or 40 pts) at 4,476.0 (up 0.8% for the week). Miners and Consumer Discretionary stocks should lead rises today. Key levels this week are 4550 and 4350, with pivot around 4400. M&A activity continues to drive specific stocks.
U.S. stocks continued higher Friday, as the giant conglomerate GE reported better-than-expected and increased its dividends. This helped the S&P 500 push above the key level of 1,100. for the first time this month. According to a Bloomberg survey in the U.S., about 85 percent of companies in the S&P 500 Index that have reported results since 12 July have beaten analyst earnings forecasts.
The key performers included Industrial, Materials and Consumer Discretionary all up around 2 percent on the session. Rio, the world’s third largest mining company, rallied 11 percent, while big brother BHP Billiton, advanced 8.5 percent for the week. Copper was a star performer, rising every day last week as shrinking inventories signaled an improved outlook for demand. The positive sentiment was broad-based with 4 stocks rising for every 1 that fall, on the NYSE.
The Dow closed up 1.0% (or 102 points) at 10,425 (up 3.3% for the week), while in the broader market the S&P 500 index up 0.8% (or 9 points) at 1,103 (up 3.9% for the week) and the tech-heavy Nasdaq ended up 1.1% (or 24 points) at 2,269 (up 4.1% for the week).
The Dollar Index up 0.2% at 82.46 on higher Euro, while the Australian Dollar last traded higher at 89.55 (up 3.6% for the week). Commodities were generally higher (up 1.8% for the week).
Oil prices surged as stock markets rallied and investors reacted to a possible storm threat for oil operations in the Gulf of Mexico. The benchmark crude NYMEX for September delivery was down 0.5% (or $US0.50) to settle at $US78.89 (up 4.6% for the week). Copper prices are trading above the key $US3.00 a pound, Copper for September delivery delivery was up 1.1% (or 3.4 cents) at 3.1950 a pound (up 9.4% for the week). Gold was flat, with August gold was flat at $US1,195.10 an ounce (up 0.5% for the week) .
Key News International Drivers Today
US – S&P 500 companies continue to report earnings this week.
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Market |
Movement |
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The Dow Jones Industrial Average |
Up 1.0% (or 102 pts) at 10,425 |
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The S&P 500 |
Up 0.8% (or 9 pts) at 1,103 |
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The Nasdaq |
Up 1.1% (or 24 pts) at 2,269 |
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The FTSE 100 |
Down Marginally 0.0% (or -1 pts) at 5,313 |
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The German DAX |
Up 0.4% (or 24 pts) at 6,166 |
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SSE Composite (China) |
Up 0.4% (or 10 pts) at 2,572 |
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The Dollar Index |
Up 0.2% at 82.46 |
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The Australian Dollar |
Last traded higher at 89.55 |
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The Commodities Index |
Down Marginally -0.09% at 266.6 |
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Crude Oil Futures |
Up 0.5% at $78.89 |
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Gold Futures |
Flat at $1,195.10 |
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Copper Futures |
Up 3.4 cents at $3.1950 |
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SPI Futures |
Up 0.9% (or 40 pts) at 4,476.0 |
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Market |
Movement |
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SSE Composite (China) |
Up 0.4% at 2,572 |
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Hang Seng Index (Hong Kong) |
Up 1.1% at 20,815 |
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Nikkei 225 Index (Japan) |
Up 2.3% at 9,431 |
LEI- Leighton the mining contractor has made a private debt placement in the US. They priced a US$350 million private placement of maturities ranging from five- to 10-year notes.
Economic Reports :
Market Summary
US ADRs – Broadly higher!!!…
