Norfolk’s Maiden Half-Year Results
Norfolk Group (NFK), an engineering and building services provider, fell 18cents to $2.01 despite posting a $8.8 million profit in its maiden half yearly result.
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Credit Freeze Deepens
The global credit crunch has well and truly returned with the European Central Bank revealing plans to pump an unspecified amount of cash into money markets later today to relieve credit problems.
Read MoreCommodities’ Friday Rebound
The market and investors will be very happy to use Friday's rebound in gold and copper prices as an opportunity to move back into commodity stocks
Read MoreRio, Symbion, Nylex
An important week for the future BHP Billiton- Rio Tinto merger.
Read MoreAlchemy Falls On Debut
Shares in gold explorer, Alchemy Resources (ALY) fell as much as 13% to 20 cents on the first day of trading.
Read MoreFrontier Boosts Tasmanian Exploration Program
Frontier Resources (FNT) announced today that it had commenced its exploration program on the under-explored and highly prospective Southern Mount Read Volcanics (SMRV) project in southwest Tasmania.
Read MoreNylex Soars 33% After Takeover Offer
Nylex (NLX), manufacturer and distributor of plastic products, soared by as much as 33.7% on Monday following a takeover proposal from CHAMP Private Equity, a private equity fund.
Read MoreZinifex Has Copper In Its Sights
Australian zinc miner Zinifex (ZFX) held its annual general meeting (AGM) today, saying that its 2007 operating profit had suffered, dropping below last year's level.
Read MoreSymbion And Healthscope To Make Announcement On Takeover Bid
This morning Symbion Health (SYB) and Healthscope (HSP) were placed in a trading halts, pending the release of an announcement to the market.
Read MoreWhy Markets Are Worried
Whoever awakens as Prime Minister on Sunday morning will face a very different world than the one they confronted the night before.
Read MoreDon’t Worry About China
China is now the biggest contributor to global growth and its share market is the world’s 4th largest. China’s rapid growth has resulted in considerable scepticism about its sustainability.
Read MoreChina’s Hunger
A couple of weeks ago we looked at the forecasts from the United Nations Food and Agricultural Organisation's latest commentary on the outlook for food.
Read MoreAussie Exploration Booms
Last week we looked at how the resources boom still has legs.
Read MoreUS Home Lender Group Down Sharply
Some folk might be wondering why so much attention is being paid to the subprime mortgage mess in the US: after all it's there and we are here in Australia, linked to booming China and away from the damage.
Read MoreAverage Result Exposes Lion Nathan
A reasonable result for Australia's second brewer, Lion Nathan, but might minority shareholders be wondering if their chances of a capital return or some other goody have gone by the bye because of the clubby, in-house deal involving the J Boag Brewery purchase.
Read MoreSims Looks At Lower First Half
The weak US dollar and rising ocean freight costs look like being more than enough to offset continuing strong demand for scrap metal around the world, so Sims Group Ltd has forecast a fall in first half profit and flat second quarter earnings.
Read MoreTaking The Profit Out Of FUN
Back in August when announcing improved first half earnings, the CEO of toy group, Funtastic Limited (FUN) was confident about the second half and the full year.
Read MoreThe Fed – Between A Rock And A Very Hard Place
John Makin at the American Enterprise Institute writes an always insightful monthly economic commentary. In the just released December issue he takes aim at US investment bank chiefs who were asleep at the wheel as the credit crisis began to unfold. In addition, he discusses the very delicate position the Fed Reserve now finds itself in.
Read MoreGunns AGM Stormed By Angry Protestors After They Lose Appeal
Gunns (GNS) held its annual general meeting in Tasmania today, telling shareholders that its much contested Bell Bay pulp mill will be highly competitive in the global market.
Read MoreSmall Cap: Bionics To Test Anti-cancer Drug On Humans
Shares in biotechnology company Bionomics Limited (BNO) climbed 7% to 37.5 cents after it said on Thursday its application to the US Food and Drug Administration (FDA) for its new anti-cancer compound has passed review.
Read MoreFinancial Sector Suffers, CBA Home Loan Market Share Up
Commonwealth Bank of Australia (CBA) traded down for most of the day on concerns emanating from overseas credit markets to end the day 10 cents down at $57.90.
Read MoreSmall Cap: RUM Falls On Second Day Of Listing
Rum Jungle Uranium (RUM) has fallen by 16% today after listing on the stockmarket yesterday at a 2 cent premium but then closing down at the initial offer price of 25 cents.
Read MoreMetals Mixed
As November head towards an end, base metals specifically copper and zinc are copping a pounding from investors and traders.
Read MoreMcGuigan Sees The Light
McGuigan Simeon Wines Ltd says the Australian wine industry is showing signs of recovery and it is looking to earn a small profit this financial year.
Read MoreMarket Souring On BHP-Rio Link?
There's growing opposition reported to the BHP Billiton plan to merge with rival Rio Tino and the market is reflecting the growing pessimism that the deal will not get up.
Read MorePrimary Steps Up Pressure On Symbion
Primary Health Care and its chairman Ed Bateman are not happy campers.
Read MoreAWB Posts 53% Earnings Drop, Has Postive Outlook
AWB has posed a 53.3% fall in full year earnings, announcing a net profit of $27 million after tax, compared to $58.2 million last year.
Read MoreSmall Cap: Marmota Energy Plummets On Debut
Uranium explorer Marmota Energy (MEU) has listed on the stock exchange at a discount to its initial public offer. The stock fell as much as 40% to 15 cents in intra day trade on Wednesday, down from its offer price of 25 cents.
Read MoreRAMS Down Despite A Confident Note
Mortgage provider Rams Home Loans (RHG) said on Wednesday it is continuing to fund new loans and settle approved loans, however, to finance the existing mortgage book the company needs to refinance its two debt facilities by February 2008.
Read MoreSmall Cap: Funtastic Falls On Profit Downgrade
Shares in toy company Funtastic (FUN) fell by as much as 37% today after the company announced that its earnings before interest and tax (ebit) have been revised down to between $28 and $31 million from an earlier guidance of $43 million.
Read MoreSingapore Economy Slows
Unlike China, India, Japan or Australia, Singapore's economy looks as though it has lost a bit of puff in recent months, judging from figures released yesterday.
Read MoreOneSteel Investors Wary Of Guidance
The market didn't take too kindly to less than gripping forecasts and commentary from chairman Peter Smedley and CEO, Geoff Plummer at the AGM of steel group, OneSteel yesterday.
Read MoreHardie Q2 Down On US Housing Woes
A reminder yesterday of the damage the US housing slowdown and subprime mortgage mess continues to do Australian companies operating in America.
Read MoreGoodman Fielder Hit By High Food Costs
Graeme Hart got out of Goodman Fielder nicely.
Read MoreCookie Man To Expand Overseas
Franchise owner and operator, Allied Brands Limited (ABQ) rose 12% to 50.5 cents after it said its newly acquired Cookie Man brand is to be launched in at least three new countries.
Read MoreRio Tinto Boss Joins BHP
In the midst of the BHP and Rio Tinto takeover struggle, the world's largest miner announced today that Andrew Mackenzie from Rio Tinto has been appointed as group executive and CEO of the non-ferrous unit, replacing Marius Kloppers who became CEO of BHP last month.
Read MoreMcGuigan Simeon Rises 13% After Record Lows
Shares in troubled winemaker McGuigan Simeon (MGW) jumped as much as 14.6% to $1.37 after it said on Tuesday it is trading positively despite difficult conditions and expects to see a small profit in the current financial year.
Read MoreMarc Faber Sees Gloom, And Gold, Amongst The Boom.
Renowned contrarian investor Marc Faber recently published his Gloom, Boom and Doom report for November. Mr Faber raised the question, "is the Chinese stock market in a bubble?" The short answer is yes, but it could go on for much longer.
Read MoreWill US Rates Fall Again?
This week will see the likelihood of another US interest rate before the end of the year decided.
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