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Showing posts from September, 2007

Hook me up with WAGAMAMA baby !!

Japanese-style noodle restaurant chain Wagamama is being linked to a possible £200 million stock market listing.I just celebrated  my bday yesterday   going to the  restaurant  wagamama  at subiaco  , perth australia. Woke up this morning  to see the news  . ... that my favorite  tukka  joint ( noodle chain ) wagamma is pondering a ponder £200m listing.I quite like the japnese food they serve and  the menu price list  doesnt leave youmuch  light on the pocket too like other more pricey joints. I like the ambience at this subiaco eatery . though i do think it could do with a bit of redesigning on thier interior seating plan. Thier outside  seating plan overlooking the road is quite  different and nice in it s own wayThe company, which has been owned by private equity firm Lion Capital since 2005, is said to be talking over its options with advisers.Although a flotation is the firm's preferred choice, the Sunday Times said the business could also attract interest from rival restaura…

A look at the indian stock market today

Indian shares higher in afternoon trade led by energy, tech stocksIndian shares were trading higher in the afternoon today led by energy and IT stocks.
At 0730 GMT, the Bombay (OTCBB:BBAO) Stock Exchange's Sensex was up 203 points, or 1.2 pct, to 17,124, while the National Stock Exchange's S&P CNX Nifty was trading up 1 pct to 4,994, off its record high. The Nifty crossed 5,000 mark within minutes of opening today.
The rally was in line with the record-breaking performance in Asia, where shares in Hong Kong, Sydney and Singapore hit new highs powered by the overnight rally in the US and upbeat estimates about the Asian third-quarter earnings season.
Reliance Energy was the biggest gainer on the Sensex, up 7.2 pct to 1,099 rupees amid reports the company is restructuring its business.
'There is buzz in the market that Reliance Energy is going to de-merge into real estate and utility businesses,' said Devang Dhruv of Max consultancy Pvt Ltd.
Infosys Technologies (NASDAQ:I…

World Stock markets Update today

Sep. 27 (Bloomberg) -- Australia's benchmark stock index, the S&P ...
Bloomberg - USA
Among the stocks in the index, 82 rose, 36 fell and 83 were unchanged. Gains in the S&P/ASX 200 Index were led by Australia & New Zealand Banking Group Ltd, ...
See all stories on this topicIndian shares higher in afternoon trade led by energy, tech stocks
CNNMoney.com - USA
Satyam was up 3 pct to 444 rupees after the company announced the launch of a new solutions centre in Brisbane, Australia. The baking sector, however, ...
See all stories on this topicAustralia's Wesfarmers sees all divisions except coal posting ...
Forbes - NY,USA
Accepting Coles shareholders will receive new Wesfarmers price-protected shares as well as ordinary shares in a deal designed to limit downside if the stock...
See all stories on this topicFinancials Surge in Tokyo
123Jump.com - Miami Beach,FL,USA
5:00AM New York, 5:00 PM Sydney - Stocks in Australia jumped to a record close on the dollar reaching eighteen yea…

Stocks Business Australia

Stocks Business Australia Asian stocks rise
Business Standard - India
Mizuho Financial Group and National Australia Bank climbed after a decline in US home sales and consumer confidence improved prospects that rates will fall. ...
See all stories on this topicAsian Stocks Climb for a Third Day; Mizuho, Banks Lead Gains
Bloomberg - USA
National Australia Bank Ltd. advanced after bond yields dropped in the US and Australia, lowering borrowing costs and boosting the value of their government ...
See all stories on this topicUPDATE 2-Australia's Sims to buy Metal Management for $1.6 bln
Reuters - USA
N: Quote, Profile, Research) agreed to be acquired by Australia's Sims Group Ltd (SGM.AX: Quote, Profile, Research) for $1.6 billion in stock, creating the ...
See all stories on this topicAustralian Banking Stocks Gain, Led by National: BHP Declines
Bloomberg - USA
26 (Bloomberg) -- Australian banking stocks rose, led by National Australia Bank Ltd. and Westpac Banking Corp., as bond yields drop…

Is Bhp stock prices rising too fast

Is there more gains in Bhp ... Is the gains worth the yield it has have .


Is the stock prices moving too fast for Bhp ? is the price good enough now for long term investment ? is it a good short term buy ?
BHP BILLITON's treasure trove of resources at Olympic Dam in South Australia continues to grow but the market is holding off handing out a share price reward until BHP releases matching production expansion plans.



The company is yet to update its now hopelessly dated $US6 billion cost estimate for expanding Olympic Dam's annual output to 500,000 tonnes of copper (127 per cent higher) and 15,000 tonnes of uranium (200 per cent), with attendant increases in gold.
And because of the massive resource upgrade revealed in the group's annual report, released yesterday, there is a growing expectation that BHP is actually shooting for an expansion that would involve copper output of 1 million tonnes a year, uranium output of 30,000 tonnes and attendant increases in gold — all at a c…

Mergers and aquistions play big role in stock market in India 2007

India’s firms need to grow quick in 2007 – and the easiest way is through acquisitions. But there will be plenty of competition, says Rohit Chawdhry of New Delhi-based Oxus Investments. Buy into the targets to profit from the trendMergers and acquisitions (M&A) were big news for India in 2006, and in 2007 that should continue. Tata Group’s battle with Brazil’s CSN for UK steel giant Corus is still bubbling away, while the latest story to hit the headlines is Vodafone’s bid for India’s fourth-largest mobile group, Hutchison Essar, that some analysts think could fetch up to $20bn. The sheer growth of volume in Indian M&A deals is mind boggling. In 2005, Indian firms were involved in 467 deals worth $18bn in total. But in 2006, the number of deals soared to 740, with a total value of $26bn. And it’s not just about domestic players buying each other up. Tata Tea, with sales of $350m last year, acquired two companies in the US for close to a billion dollars. Meanwhile, Bangalore-ba…

Indian EnergyCompanies making a global impact onto stock market

Seven Indian companies figure in the list of the world’s 250 top performing energy firms, with Reliance Industries, ONGC and NTPC grabbing the top Asian ranks. 7 Indian energy cos make it to global list 
   In the annual rankings of Platts Top 250 Global Energy, ONGC and Reliance Industries have made into the top 50 with rankings of 23 and 39 respectively. ONGC has also been named as the third best performing energy company in Asia. The ranking is published every year by Platts, a division of the McGraw-Hill Companies and a global energy and metals information provider.
   Global oil and gas leaders have consolidated their energy businesses with the ranking led by texas-based Exxon Mobil Corp, followed by the UK’s BP and Royal Dutch Shell, Platts said. Other Indian firms on the list include Indian Oil Corp (52), NTPC (103), GAIL (135), Bharat Petroleum Corp (203) and Hindustan Petroleum Corp (233).
   According to Platts, China and India have dominated the sector leadership position. …

Australia's economy will expand faster than the International Monetary Fund forecast

Australia's economy will expand faster than the International Monetary Fund forecast IMF Raises Australian 2007 Economic Growth Forecast Australia's economy will expand faster than the International Monetary Fund forecast five months ago, and any fallout from global financial market turmoil is likely to be ``small.'' The IMF raised its forecast for economic growth in 2007 to 4.4 percent from an April estimate of 2.6 percent. The economy will expand 4 percent next year, more than an earlier prediction of 3.3 percent, the fund said in a report on Australia released in Washington. The economy advanced 2.7 percent last year. Australia, the world's largest exporter of iron ore and coal, is benefiting from record prices for raw materials driven by soaring demand from China. Increased investment by miners, including BHP Billiton Ltd., and a pickup in consumer spending have stoked the fastest annual economic growth in three years and pushed the jobless rate to the lowest…

Whos going to replace the great Warren buffett ?

Warren Buffett Provides Some Details About 1 of 3 Positions in His Succession Plan Billionaire Warren Buffett doesn't want to give up the throne at his holding company anytime soon, but the 76-year-old is preparing for that day. Many details remain secret, but the question of who might become Berkshire Hathaway Inc.'s chief investment officer is getting a lot of attention because Buffett said in March he plans to hire one or more candidates for that position soon on a trial basis. Wrapping up this weekend's activities surrounding Berkshire Hathaway's shareholders meeting, Buffett said whoever he hires should expect to be paid based on how well their investments perform."I would give them a small salary, and then pay them a percentage based on how they outperformed the S&P on a five-year average," Buffett said at a news conference Sunday. Vice Chairman Charlie Munger said that fits with the company's overall compensation plan. "Generally, we w…

stocks business finance - Google News Rss feed

Business Highlights - Forbes
Philadelphia InquirerBusiness Highlights
Forbes, NY - 11 hours ago
The stock market ratcheted up and down throughout the day, with Wall Street still nervous after Friday's dismal employment report. ...
Housing Bust, Credit Crunch Hurt Jobs The Associated Press
all 265 news articleshttp://news.google.com.au/news/url?sa=T&ct=au/0-0&fd=R&url=http://www.forbes.com/feeds/ap/2007/09/10/ap4102291.html&cid=1120613322&ei=Z2HmRpacKozQqgOZ1-yZBA - 9/11/2007 6:14:16 AMSunrise Hires Finance Chief, Expands Board - Washington PostSunrise Hires Finance Chief, Expands Board
Washington Post, United States - 4 hours ago
...stock price. Assisted-living companies like Sunrise have been popular acquisition targets for private equity-firms attracted by the growing business and ...
Sunrise Appoints New Chief Financial Officer; Settles 2007 Annual ... CNNMoney.com
all 32 news articleshttp://news.google.com.au/news/url?sa=T&ct=au/1-0&fd=R&url=http://www.w…

When u going down baby !!

The Australian sharemarket closed in negative territory on Monday after US stocks fell overnight amid fears that the world's biggest economy could be heading for a recession.The cloud of recent events gets another silver-lead-zinc lining after tonnes of good results from one of our miners, and free shares from another.Take heart. Good news from several of our portfolio stocks helped to push us into further recovery this week. Both our zinc-lead-silver hopefuls - Prairie Downs Metals (ASX code: PDZ) and TNG (TNG) - came up with encouraging results that enhance the scope of their projects. As well, heavy minerals prospector Image Resources (IMA) - which is still "cum" a free nickel spin-off to shareholders - scooped up some handy millions of dollars from an institutional placement. Prairie Downs has lifted its resource base nearly fivefold and is looking at opening a mine on its Pilbara project. Managing director Mark Hansen confirmed last week a resource of 4.9 million t…

FOUR corrections in six weeks - and it now seems the Australian share market is about to enter its fifth damaging downward spiral after a plunge in US markets.

The predicted sell-off today of local shares will be driven by the growing prospect of the US economy entering a recession, after 4000 jobs were lost in August.
One bond analyst has described equities as a "fool's paradise" because its rebound had been artificially inflated. Wall Street interpreted the faltering labour force as the final straw to convince the US Federal Reserve to slash the funds rate when it meets on September 18.
Tokyo Stock Exchange
The likelihood of a 25-basis-point cut has gained momentum, but the state of the US economy is now thought to be poor enough to justify a 50-basis-point cut. The policy loosening is seen as vital to restore confidence in global credit markets, which have seized up as short-term interest rates peak at near decade highs.
FOUR corrections in six weeks
The weak data sent immediate shockwaves through Wall Street on Friday night, causing a damaging 1.9 per cent fall in the Dow Jones.
The tone has been set for a sober day in…

Reporting schedule for companies and australian stocks 2007

Top 100 Companies Reporting Season Timetable Riding the economic wave •
The profit-reporting season gets under-way next week, and
given the relative absence of pre-announcements, investors
won’t be any mood for bad news. Certainly in a big picture
sense, it’s hard to fault the broad operating environment for
companies. The global economy remains in one of the
strongest, sustained expansions witnessed in the past 30
years. And the domestic economy has been gathering
momentum over the past year, especially over 2007 – a
period of interest rate stability.

Understandably, rural-dependent stocks and sectors will
be amongst the weakest performers given the severity of
the drought. But the recent improvement in seasonal
conditions and agricultural prices should be reflected in
much more upbeat outlook statements. Patchy results are
also expected from companies focussed on residential
construction.

Stellar results are expected from companies in the Mining
and Energy sectors, reflecting t…

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