OZ Minerals Remains Under Pressure
Could OZ Minerals (OZL) be on the cusp of earnings normality?
Read MoreCould OZ Minerals (OZL) be on the cusp of earnings normality?
Read MoreTelstra (TLS) shares hit new ten year highs yesterday after its solid 2013-14 result.
Read MoreThe market liked Fairfax Media’s (FXJ) reasonable profit report yesterday, with a higher dividend, but the thumbs up wasn’t strong enough to return the shares to the year high of $1.07 reached in May.
Read MoreFor the second time in four months, big global investors have scaled back risk and taken on more cash – this time to two-year highs, on worries over geopolitical tensions and a growing belief that there’s a potential US interest rate hike ahead.
Read MoreThe Australian sharemarket had its best week in 6 months; rose over 4 of the past 5 days and completely recovered from last week’s 2.1% slump.
Read MoreBy the end of the session on Friday the S&P/ASX200 gained 18 points or +0.32% on volume of $3.7 billion, closing at 5566.5.
Read MoreSharks and clever investors continue to circle US media companies – including dying print groups. Warren Buffett’s Berkshire Hathaway has emerged with a stake in another company dominated by John Malone, the legendary US cable operator, and a well known raider, Carl Icahn has popped up as a surprise holder of shares in Gannett, America’s biggest newspaper company.
Read MoreMore goodies from a major company reporting its June 30 results with Telstra (TLS) this morning boosting final dividend and announcing a $1 billion sharebuyback.
Read MoreThe Commonwealth Bank (CBA) delivered on market expectations with a rise in profit for 2013-14 to a record $8.68 billion and the full year dividend to a new peak of $4.01, but after the market reaction yesterday the question is what it now does for an encore, especially against the background of slower and lower economic growth over the next year.
Read MoreSuncorp Group (SUN) shares jumped by close to 5% at one stage yesterday after the company confidently forecast a stronger 2014-15 and met investor hopes with a special payment, on top of a higher normal dividend payout.
Read MoreOops, that wasn’t on the China economy script, or the one marked steel production (attention Australia).
Read MoreAlmost every sector on the ASX 200 rose on Thursday, miners were under pressure following declines in commodity prices.
Read MoreBy the end of the session on Thursday the S&P/ASX200 gained 33.8 points or +0.61% on volume of $2.7 billion, closing at 5548.5.
Read MoreWhen an investor puts their SMSF into pension phase, they face a new problem they may not have considered which is how to draw down enough money each year to meet the minimum pension payment.
Read MoreNote: This article was originally published on Oliver’s Insights on 13 August 2014 and has been republished with permission from the original author.
Read MoreBusy day for the markets – The ASX slightly higher, with Telstra (TLS) in focus after its strong result (NPAT $3.8 Billion) and surprise $1 Billion buyback news. The mining sector under pressure and the Aussie dollar unchanged.
Read MoreBiggest gains on the ASX200 today: BKN up 5.4%, EGP up 5%, SUN up 3%, CSL up 2.5%, BCI up 2.4.
Read MoreThere were no shocks in the record 2013-14 full year profit from the Commonwealth Bank (CBA) this morning.
Read MoreWoolworths (WOW) indulged in a nice example of spin yesterday, separating the long tipped bad news update on the costly foray into hardware from the annual profit and sales report at the end of the month.
Read MoreAs expected (and forecast by the company), engineering group Bradken (BKN) reported a large slide in June 30 profit as the downturn in spending in the resources sector continues to bite.
Read MoreDomino’s Pizza Enterprises (DMP) got a big cheer from investors yesterday with the 2013-14 result getting a double digit lift from the market.
Read MoreThe Murdoch clan has a new best friend in the voting shares in 21st Century Fox after San Francisco hedge fund and activist investor, ValueAct, picked up 30 million of the securities for around $US1 billion. That’s a stake of around 15%, making the fund the second largest holder of the voting shares in Fox.
Read MoreThe ASX200 fades on Wednesday having had its best day in a month yesterday.
Read MoreS&P/ASX200 lost 15.6 points or -0.28% on volume of $3.7 billion, closing at 5514.7.
Read MoreBiggest gains on the ASX50 today: MQG up 1.8%, SGP up 1.7%, AIO up 1.7%, CSL up 1.7%, IPL up 1.6%.
Read MoreNo applause from the market for what was on paper a solid result from JB Hi-Fi (JBH) yesterday.
Read MoreThe news was upbeat from the first of the banks to report results or trading updates this week – Bendigo and Adelaide Bank (BEN) revealed a 9.9% rise in annual cash after tax profit, and will pay a higher final dividend to go with the increased interim payout.
Read MoreThe big rise in Chinese exports in July and the fall in imports grabbed the headlines, but for Australia the important data was the third highest level of iron ore imports on record – contrary to what the forecasts of falling sales and prices from the usual collection of worryworts and local ‘experts’ in recent months.
Read MoreNow the suffering shareholders in Treasury Wine Estates (TWE) (those courageous enough to have hung on through the past two years of bad news) are in a sweet spot – a rival bid emerged yesterday to that from US private equity groups, KKR and Rhone Capital.
Read MoreThe Australian sharemarket rose for the second day thanks to easing geopolitical tensions. The All Ordinaries Index (XAO) added 1.3 per cent and closed above the key 5500pt level for the first time since last Thursday.
Read MoreThe S&P/ASX200 gained 73.3 points on Tuesday or +1.33% on volume of $4.1 billion, closing at 5530.3.
Read MoreGood news from the early July figures on the Chinese economy with exports up sharply, imports down, and a record trade surplus of more than $US47 billion and inflation stable, with house price growth continuing to ease as the property boom subsides.
Read MoreThe Australian June 30 reporting season hits top gear this week with 36 major companies due to release earnings, which will tell us a lot about the sustainability of the market at current levels, especially the shares of big banks and their long two-year rally.
Read MoreWhat a difference a day and an "assurance" from the Russian government makes to market sentiment – even allowing for the return to bombing in Iraq by the US on Friday.
Read MoreThe Australian June 30 reporting season will dominate this week (see separate report), along with a couple of key bits of official data on wages growth.
Read MoreIn broad terms the ASX 200 was able to maintain the levels that had been established in the early part of the day, although sellers had gained an edge in mid – afternoon trade when the index retreated from 5470 back towards 5455. Buyers returned in the final half hour of trade seeing the market close at 5457.
Read MoreThe S&P/ASX200 gained 21.7 points on Monday or +0.40% on volume of $2.7 billion, closing at 5457.
Read MoreThe local market trades with gain of 33pts at best level at the open.
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