Posts Tagged ‘shares’
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
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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
Tags: ASX News, BRW Rich List, Crude Oil, Dow, finance news, FTSE, market wrap, shares, stock market, stockmarket
Posted in Stock Market Analysis | No Comments
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
Wednesday, February 18th, 2009
Fortescue Metals looks like being the next Australian miner to be picked up by overseas investors.
According to the HeraldSun, the American miner Anglo American and China Investment Corp are in talks with Fortescue Metals Group, and both were seen visiting Fortescue properties last week.
This is the latest of a string of deals which has also seen top Australian miners Rio Tinto and OZ Minerals looking to sell substantial assets to foreign buyers.
This deal would further add to Treasure Wayne Swan s headache regarding foreign ownership legislation, which he has signalled is soon likely to be tightened.
Rumours of a takeover have bubbled up several times in recent months, causing spikes in the share price and requiring Fortescue to respond to ASX inquiries. Fortescue has not commented on this latest speculation.
Stocks for your watchlist:
- Fortescue Metals Group: FMG.AX (ASX)
- Anglo American PLC: AAL.L (London Stock Exchange); AAUK.O (NASDAQ)
- BHP Billiton: BHP.AX (ASX); BLT.L (London Stock Exchange); BHP.N (New York Stock Exchange)
Further information:
Tags: ASX, BHP Billiton, Commodities, Fortescue Metals, Investor, mining, Rio Tinto, share price, shareholder, shares, stock market
Posted in ASX Company News | No Comments
Thursday, February 12th, 2009
The US markets rebounded higher after agreement was reached by the House and the Senate on a bailout proposal to be finalised by the end of this week. The Dow closed up by 51 points or 0.65%, while the S&P 500 was higher by 6 points or 0.79% and the Nasdaq added 5 points or 0.38%.
Oil continued to fall losing another $1.61 to $35.94 while gold rocketed higher up by $30 to $944/oz.
Tags: Dow, gold, Nasdaq, oil, S&P500, shares, US markets
Posted in Stock Market Analysis | No Comments
Thursday, February 12th, 2009
The battle for ownership of Pure Energy moves to the next level with Arrow Energy (AOE) revising its takeover offer to an unconditional offer of $3.00 cash and 1.57 Arrow shares for every Pure share. This offer values Pure at $7.16 per share, which is an increase of 21% over Arrow’s initial offer and 12% over the offer announced by BG Group.
The independent directors have unanimously recommended that shareholders accept the offer provided no superior offer is received within 7 days.
http://www.arrowenergy.com.au/page/Investor_Relations/ASX_Announcements/
Tags: AOE, Arrow Energy, BG Group, Cash Offer, Pure Energy, shares, Takeover Offer
Posted in ASX Company News | No Comments
Thursday, February 12th, 2009
Brain Resource Limited (BRC) had its first profitable period since inception. Brain Resource’s business is built around the world’s largest brain database. This database and its associated standardised methodology captures many measures of brain performance. One of Brain Resource’s strengths is the identification of “Markers” that best inform linking the right treatment solution, to the right person, at the right time which allows the delivery of “Personalised Medicine”.
- Reported profit of $3.5m ($0.4m excluding foreign exchange gains).
- $19m closing cash balance (including Government bonds).
- 75% increase in sales.
- Momentum in OptumHealth partnership and iSPOT study.
- Launch of MyBrainSolutions.com.
- Completed a 100 US site study for AstraZeneca.
- • On-going database growth and scientific outcomes.
At this stage, we consider our position relatively unimpacted by the global economic downturn given our focus on delivering improved healthcare treatment and cost efficiencies. Accordingly, we reiterate our previous forecast of positive Earnings Before Tax for the 2009 financial year.
http://www.brainresource.com/
Tags: Brain Resource, BRC, Half year report, Profit, shares, stock market
Posted in ASX Company News | No Comments
Thursday, February 12th, 2009
Total revenue for the half-year is $777,056,785 a decrease of 0.8% over the last corresponding period. The decrease in revenue is from the Asia Pacific and North America regions, which felt the effect of reductions in initial public offerings and a strengthening US dollar (Asia Pacific) and lower transaction volumes and margin income (North America). This was partially offset by an increase in revenue from the EMEA region which benefitted from significant rights issues in the Financial Services sector.
The current half-year EBITDA result is $222,452,386 including significant items, a decrease of 13.9% from the prior year. Net profit after tax attributable to members is $130,871,281 a decrease of 15.5% from the prior year. The decrease is primarily driven by lower transaction volumes and lower margin income, asset write downs and a strengthening US dollar, partially offset by higher Financial Services sector revenues and cost reduction initiatives.
The company has announced an interim dividend for the 2008/09 financial year of AU 11 cents per share. This dividend is franked to 40%.
http://corporate.computershare.com/australia/InvestorRelations/Pages/overview.aspx
Tags: computershare, cpu, half year results, Investor, Profit Announcement, registery, shares, stock market
Posted in ASX Company News | No Comments
Wednesday, February 11th, 2009
Retail customers are propping up the profits of the big four banks, according to The Age.
CBA has reported a 9% rise in first half profit, due mainly to retail banking offsetting declines in business banking and a jump in bad debt charges.
Among the key figures:
- 34% increase in income from home loans
This has led the paper to describe a lively scene of bank chiefs feasting on their retail customers while sending parcels of caviar and truffles to the likes of Fast Eddy .
Click here to read the full article.
Stocks for your watchlist:
- Commonwealth Bank of Australia: CBA (ASX)
- Westpac: WBC (ASX); WBK (NYSE)
- National Australia Bank: NAB (ASX)
- ANZ Banking Group: ANZ (ASX)
Tags: ANZ, ASX, CBA, investing, NAB, shares, stock market, trading, Westpac
Posted in ASX Company News | No Comments
Tuesday, February 10th, 2009
Presented by Michael Hevern
MDS Financial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (917Kb).
**********************************
In this morning’s wrap…
World Indices
DOW flat, down 0.7%
- traders and investors awaiting resolution of stimulus package
- banks up early but sold late
- McDonalds January sales up
NASDAQ and S&P 500 flat
- US Treasury s Bank Stabilisation Plan delayed
FTSE up 0.4%
- Barclays: better than expected profits
- EU need to address toxic bank debt
CAC and DAX up slightly
NIKKEI down 1.3%
- China steel demand recovering
Commodities
Oil down 0.5% ($39.85)
- oversupply and falling demand
Gold down 2% ($897)
Silver, aluminium, lead and copper down, nickel flat, zinc up.
Commodities stocks index flat
Gold stocks index down 2.5%
Oil stocks index flat
ADRs
Alumina up 3.2%
BHP up 1.3%
RIO sold off significantly
Newmont down 2.8%
Chevron down 0.8%
Exxon down 1.5%
ANZ down 1.2%
NAB up 1.5%
Local Market
SPI up 27 points
- critical levels 3420 and 2550
ASX News
First Half results from JB Hi-Fi, IOOF, Australian Wealth Management, Ridley, Cochlear.
Full Year results from AAC and Reckon
Aristocrat: double loss estimate
SUN: resumed Ex-entitlement down 21%
RBA: Governor talks at Kuala Lumpur conference
BHP: to see profit taking
RIO: chairman-elect resigns
Gold and Energy likely to retrace
Banks trying to hold current levels
ASX likely to open flat, no direction from the US
Tags: ASX, CAC, Commodities, DAX, Dow, Finance, FTSE, gold, investing, Nasdaq, Nikkei, oil, S&P, share market, shares, Silver, spi, stockmarket, trading
Posted in Stock Market Analysis | No Comments
Monday, February 9th, 2009
An article in The Age today describes some interesting signs that the mining industry has cause for optimism.
- Industry big wigs are tipping that share prices in the iron ore market have bottomed. Contributing factors are Chinese steelmakers decreasing stockpiles, and Murchison Metals promising Jack Hills project.
- The recent gold boom has resulted in cashed-up Canadian miners looking for investment opportunities, and ASX-listed gold stocks with an African focus are benefiting. Companies mentioned are Perseus Minerals and Mineral Deposits Ltd, but this article suggests there will be many opportunities at this week s Mining Indaba conference in Cape Town.
- A potentially rich oil exploration well currently being drilled in Tanzania could bring terrific news to Perth-based Key Petroleum, which has a 50% stake in the bordering acreage.
Anyone partial to good news should read the full article here.
Stocks for your watchlist:
- Murchison Metals MMX (ASX)
- BHP Billiton BHP (ASX), BLT (London Stock Exchange)
- Perseus Minerals PRU (ASX)
- Mineral Deposits Ltd MDL (ASX), MDM (Toronto Stock Exchange)
Tags: ASX, BHP, gold, investing, Key Petroleum, mining, Murchison, oil, Perseus Minerals, petroleum, share market, shares, stockmarket
Posted in ASX Company News | No Comments
