Posts Tagged ‘investing’
Monday, March 16th, 2009
With markets as cheap as they now are, some asset consultants have been suggesting now is the time for super funds to buy, according to The Australian.
Following on from last week s strong performances on Wall Street, and signals that good value stocks are available in the market, these analysts are recommending careful investment in global equities, top quality debt and credit markets.
As with most of the good news recently, the stress is still on caution. Still of concern:
the bottom of the market is yet to be identified
dividends are likely to fall further
we don t yet know how outstanding corporate debt will be handled
This article offers a range of opinions, click here to read the full text.
Tags: ASX News, investing, investment in credit markets, investment in equities, shares, super funds
Posted in ASX Company News | No Comments
Friday, March 13th, 2009
Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (939Kb).
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In this morning s wrap…
DOW up 3.5%
Madoff Sorry But will be Jailed on $US65bn Fraud
GE Loses AAA Rating
NASDAQ: up 4%
Above Critical Levels; Outperforms Again
FTSE: up 0.5% (off 2003 Lows)
DAX up 1% (VW YTD Sales down 15%)
& CAC up 0.7%
NIKKEI: down 2.4% (down 19% YTD)
Fears on Earnings & Economic Contraction
YEN (2month Lows);
Hang Seng: up 0.6%
Oil: up 11% – At $46
Russian Output Cut
Gold: up 1.8% ($928) Support Holds
Commodities Down
USD down
SPI: Critical Levels: 3420 & 3220
SPI up 58;
ASX News
NAB cuts divy by 25%
Look to Golds & Energy to lead
Financials likely to support
ASX to open higher US pops
Remember it is Friday 13th
Tags: ASX News, Commodities, Crude Oil, Dow, FTSE, investing, Madoff, market wrap, Nasdaq, Nikkei, stockmarket
Posted in Stock Market Analysis | No Comments
Thursday, March 12th, 2009
Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (977Kb).
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In this morning s wrap
DOW Flat
Goldmans Profitable (says CEO);
US Markets Take a Breather;
NASDAQ: up 1%
Testing Critical Levels; Outperforms Again
FTSE: down 0.6% (off 2003 Lows)
Weaker led by Utilities
DAX up 0.7% & CAC up 0.4%
NIKKEI: down 0.4%
Chinese Recession Fears (Feb Imports down 24%)
Yen Weakens;
Hang Seng: up 2%
Oil: down 6.4% – At $42
OPEC to Cut;Profit Taking
Gold: up 1.3% ($908) – Testing Support
Commodities Down
USD down
SPI: Critical Levels: 3320 & 3220
SPI up 21;
Searching for Support
ASX News
ESG – capital raising,due to come back today
AMC – looking to buy RIO s Alcan pacakaging
QAN – strategic alliance with Etihad to get Middle East access
Look to Golds to hold; Energy to weigh
Financials likely to support
ASX – to open flat – US flat
Tags: ADRs, ASX News, Commodity prices, Crude Oil, FTSE, gold, investing, QAN, spi, US markets
Posted in Stock Market Analysis | No Comments
Friday, February 27th, 2009
Following Pacific Brands announcement of more than 1800 job cuts, news of the CEO s hefty 170% pay rise has added fuel to the firey debate on executive salaries.
The ACTU president has called CEO Sue Morphet s pay packet of $1.86 million obscene , and a sign corporate Australia s wonky moral compass. Remarkably, Ms Morphet s remuneration was half that of the previous CEO.
In addition, the total remuneration for the company s 13 directors more than doubled last year, to $15.5 million.
Despite receiving $15 million in taxpayer assistance funds in the last two years, Pacific Brands announced it would move its manufacturing offshore, at the expense of 1850 jobs.
The debate is set to continue with Sol Trujillo s departure from Telstra. It s been estimated the outgoing chief will leave with a $33 million golden handshake when he finishes up in June, as well as tax compensation and share options.
Further information:
Tags: ASX, ASX News, economy, golden handshake, investing, Pacific Brands, shareholders, Sol Trujillo, stock market, Telstra
Posted in ASX Company News | No Comments
Friday, February 20th, 2009
Presented by Michael Hevern
MDS Financial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (935Kb).
Tags: ASX, ASX News, commodities prices, Dow, FTSE, gold price, investing, Nasdaq, oil price, S&P 500, spi, trading
Posted in Stock Market Analysis | No Comments
Thursday, February 19th, 2009
Calls for the Brisbane Line to be re-established have reached Canberra with Australians demanding action to defend ourselves from the Chinese invasion.
First Rio, then Oz and now even the proudest of entrepreneurial Australians Twiggy, have succumbed to the Northern onslaught.
What is the Government doing about it? cried diggers whose only super salvation is demanding that the FIRB allow these acquisitions to occur.
We ll beat them by stealth just like we did the Japanese said another. We ll let them invest, then collapse the market and get the country back for next to nothing. It worked in the 80s with property and we can do it again in resources , the wily old timer declared.
As a last resort, it was suggested we reinstate the Brisbane Line and let the Chinese dig up anything north.
So Wayne Swann is now feeling the Peter Garrett s , an Australian expression for dammed if you do and dammed if you don t. He either allows the Chinese to invest and control some of Australia s largest resources companies and deposits, boosting the local stock market and investors returns, or denies them and Australia gets the hurts by the Chinese turning their attention to other parts of the world, the markets collapse and our old diggers have a pittance to live on.
Oh to be a fly on the wall in cabinet.
TrikiRicky
Tags: ASX, ASX News, Chinalco, Fortescue, investing, OZ Minerals, Rio Tinto, share trading, stockmarket
Posted in ASX Company News | No Comments
Thursday, February 19th, 2009
Presented by Michael Hevern
MDS Financial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (1290Kb).
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In this morning’s wrap…
World Indices
DOW flat
- Obama to help mortgage holders in distress
NASDAQ down 2%
S&P 500 down 0.1%
- Fed report: deflation a big concern for this year
- Unemployment expected to reach between 8.5% and 8.8% by year s end
FTSE down 0.7%
- broken support, in a downward sloping channel
- energy, mining and financial stocks weighed
NIKKEI down 1.4%
- below critical 7900 level
HANG SENG up 0.6%
Commodities
Oil down 0.9% ($34.60)
Gold up 2% ($987)
Aluminium, lead, copper, nickel, zinc all down
Commodities stocks index up .2%
Gold stocks index up 2%
Oil stocks index down 0.7%
Local Index
SPI down 19 points
ADRs
BHP down 0.7%
Rio up 3.6%
- Australian Govt to look seriously at Rio Chinalco bid
NAB up 3.6%
ANZ up 1.8%
Chevron and Exxon up
News Corp down 0.4%
James Hardie down 4.3%
ASX News
OZ Minerals: Govt to examine bid for Rio
WBC: cash earnings down 2%
PPT: 1H09 Profit down 85%; revenue down 25%
FXJ: results next week could see profit down 25%
TRS: 1H09 profit up 10%; sales up 16%
IAG: capital raising $550m
CSL: 1H09 profit up 44%, increased dividend by 35%
WPL: 1H09 NPAT up 73%, cash flow increased by 52%, revenue and production also up
FMG: Volatile speculation Anglo and Chinese confirmed
Annual Results: ILU, LGL, CTX and NCM
Look to Golds for support
ASX to open lower, US stabilisation will help our market
Tags: ASX, ASX News, commodities prices, Dow, FTSE, gold price, investing, Nasdaq, oil price, S&P 500, spi, stock market, trading
Posted in Stock Market Analysis | No Comments
Tuesday, February 17th, 2009
Chinese state-owned Minmetals has announced a $2.6 billion takeover offer for OZ Minerals.
Like the BHP Chinalco deal, this will require federal government approval, so what are the considerations under review?
- Unlike the Rio deal, this would be a full takeover
- OZ is presenting the deal as a lifeline, and the only feasible alternative to receivership and the resulting implications for jobs, shareholder losses and growth projects
- The strategic importance of copper and zinc to Australia, arguably less important than the iron-ore Rio hopes to sell off
- The merits of the deal itself are complicated by external economic conditions
- National interest must be balanced with potential for a long-term strategic partnership with China
Traders and investors can again join in the action with OZ resuming trading today, after a halt called in November. Shares jumped up 29% this morning.
For your watchlist:
Further information:
Tags: ASX, BHP, Chinalco, Commodities, investing, OZ Minerals, share market, share price, stock market, trading
Posted in ASX Company News | No Comments
Tuesday, February 17th, 2009
There may be some confusion in the market as to Fosters plans for its wine business.
Following poor results from its wine arm, Foster s plans sell off 36 non-core vineyards, however it will retain a wine portfolio in a reshaped business separate from the beer, cider and spirits divisions.
It expects the restructure will generate a net $100 million a year in cost savings in fiscal 2011.
Fosters shares rose 2.7% in early trading today.
For your watchlist:
- Foster s Group: FGL (ASX)
Further information:
Tags: ASX, fosters, investing, share market, share price, stock market, trading
Posted in ASX Company News | No Comments
