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Showing posts from October, 2007

Is the australian stock market overvalued

The Australian Stock MarketWith the asset prices of residential housing out of control, what about other asset classes such as stocks? Are they overvalued as well? As mentioned, the wealth effect stemming from over inflated house prices and high consumer confidence has helped to drive the economy or if anything, overdrive the economy. The effects of this have been seen in the Australian Stock Market.Double digit growth has been the norm for the last three financial years, with the ASX 200 index doubling in four short years from April 2003 to April 2007. Prior to April 2003, it took 11 years for the ASX 200 index to double. The solid growth has seen just about everyone have a flutter, as it is almost impossible to lose money in this present environment. Lets just hope, investors don’t get too complacent. Australia has about the highest recorded level of per capita participation in the share market in the world; a majority (55 per cent) of adult Australians own shares, either directly …

India's Mukesh ambani beats Bill Gates to become worlds richest millionare

August-end, Microsoft's share price has risen by $6.58 (based on yesterday's closing on Nasdaq at $35.03), which results into a gain of $3.29 billion in Gates' wealth based on Forbes assumption.
x Following a strong share price rally on in his three group companie, India's most valued firm Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure Ltd, the net worth of Mukesh Ambani rose to $63.2 billion (Rs 2,49,108 crore).
Billionaire Mukesh Ambani on Monday became the richest person in the world, surpassing American software czar Bill Gates, Mexican business tycoonCarlos Slim Helu and famous investment guru Warren Buffett, courtesy the bull run in the stock market.
In comparison, the net worth of both Gates and Slim is estimated to be slightly lower at around $62.29 billion each, with Slim leading among the two by a narrow margin.
Warren Buffett, earlier the third richest in the world, also dropped one position with a net worth of about $56 b…

Stocks to watch 2007 / 2008

Stocks to watch on the Australian stock exchange (ASX) at the close on Monday: JBM - JUBILEE MINES NL up $6.72 or 39.3 per cent to $23.82 Takeover target Jubilee Mines NL says today's $3.1 billion bid by Swiss mining giant Xstrata plc offers the best value for shareholders, but not everyone is convinced.Some market observers believe the strongly performing nickel producer could attract an even higher bid, given that its share price has soared by more than 40 per cent. SDL - SUNDANCE RESOURCES LTD - down four cents to $9.73 Iron ore company Sundance Resources Ltd says it is not liable to pay a break fee to Gindalbie Metals Ltd after its planned merger with Gindalbie was scrapped. Sundance said there had been a lot speculation that it would have pay a break fee of $15 million. UGL - UNITED GROUP LTD - up $1.34 at $21.66Engineering and infrastructure services company United Group Ltd says sales for the first four months of this year have reached a record $1 billion, and that it is on…

Industrials Vs Materials Vs Financials , which is the best sector to invest ?

The commodities and metals bull market is now in its sixth consecutive year. The vast majority of investors, professional and lay, are now taking resources stocks, along with commodities and metals, quite seriously. For a good number of investors, this has been a tricky business, but like it or not, miners, sweaty, with oil stained overalls, are sexy for the first time. Australian stocks rose for the first time in three days, led by BHP Billiton Ltd. and Rio Tinto Group, on speculation mining companies' earnings will increase. Rio Tinto, the world's third-largest mining company, forecast global aluminum demand to rise. Brazil's Cia. Vale do Rio Doce, the world's largest iron-ore producer, said profit jumped on higher output and prices. The S&P/ASX 200 added 35.50, or 0.5 percent, to 6,659.80 as of 10:35 a.m. in Sydney. Futures on the index due in December gained 0.8 percent to 6,686. The broader All-Ordinaries Index rose 0.5 percent to 6,678.60. Resources stocks…

Good buy or Bad Buy ? Blue chip stocks Or small ordinaries ?

It will be an interesting battle between buyers and sellers this week. Traders with nerve will be tempted to load up on the high-yield blue chip stocks that funds dumped last week. The funds dump blue chips to raise cash because they can. It’s much easier to sell Citigroup (NYSE:C), GE (NYSE:GE), Macquarie (ASX:MBL), or BHP (ASX:BHP) than to sell exotic financial instruments these days. Hence the selling.The No Pain, No Gain portfolio spends much of its time hunting in the stock market undercard for its constituents. There is no doubt that little'uns are more exciting and often more rewarding than blue chips which, because of their very size, attract the headlines.Is it time to be a blue chip buyer or is it better to be in cash? Well that depends on how troubled the market really is by the subprime mess. Here’s the thing, though. The sub-prime meltdown has shown us that the whole class of exotic financial instruments that became so popular in the last ten years is difficult to val…

Foreign exchange trading - dollar trading

Foreign exchange tradingBringing international shares into your portfolio is now easier than ever - knowing which ones to go after is still the trick. By Peter Freeman.Investors looking to maximise returns usually include an exposure to international shares in their portfolios. Perhaps the easiest (though not always the best) method is to invest in Australian-based international share funds. By far the biggest of these - the $9.5bn Platinum International Fund - has delivered solid, if unspectacular, returns. Over the past seven years, for example, it has generated just over 11% a year. Unfortunately, the long-term performance of most of its rivals has been much more disappointing - the bulk of international funds with a seven-year track record have generated negative returns, in part due to the losses suffered in the dotcom bust.Given this, investors prepared to take more control over their investments may be better off investing directly. The latest alternative for direct share inves…

Medical health Insurance quotes - comparisons

Further to your recent query with iSelect, I was just wondering if you need any further assistance with your health insurance needs? It is important to make sure that you have appropriate cover for life's unexpected eventualities. Here is some information about how I can assist you:How can i assist you!I'll help cut the confusionI am available for a free and personalisied consultation during normal business hours. Please give me a call if you have any questions on 1300 726 079.I'll compare a range of policies for your specific situationI can help you:1. Compare great polcies from our participating health funds2. Help you find a policy that covers specific needs you may have3. Check to see if you can save money It's easy for me to liaise with your selected participating fund and manage all the paper work for you.I'll provide free advice!I'm available to provide a personalisied service and discuss options based on your situation, so please don't hesitate to c…

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Exchange traded funds - Australia

Shares - Bringing the world's leading companies to join Australia's best Via Exchange traded fundsWhat is exchange traded funds ?ETFs are portfolios of stocks, bonds or in some cases other investments that trade on a stock exchange much the same as a regular stock does Etfs  are growing ,Asia, Africa and more recently Australia. Exchange. Traded Funds. Fact sheet.  Here is a ETF pdf file from www.asx.com.au giving the in and out of Etfs in australiaExchange Traded Funds Reasons for investingWhat are ETFsFeaturesActively Managed ETFsIndexed ETFsHow ETFs are valuediShares ETFsHERE IS THE PRODUCT LISTFOR INVESTMENTS AVAILABLE ON ISHARESThe S&P/ASX 200 ETF has allowed investors to build their portfolios with Australia’s leading companies. Now with iShares listed on ASX, Australian investors will be able to enhance their portfolios with the world’s leading companies with just one trade. Technorati tags: , , , ,

Whats On your watchlist ???

Stocks to watch on the Australian stock exchange (ASX) at the close on Thursday:BOQ - BANK OF QUEENSLAND LTD - up 51 cents at $19.40The bank has posted a 40 per cent increase in annual profit, breaking the $100 million mark for the first time, and says it's well positioned for the future.The bank declared revenue for the 2006/07 financial year of $500 million, up 30 per cent on the previous year.MIS - MIDWEST CORPORATION LTD - up 42 cents to $4.90MMX - MURCHISON METALS LTD - up 31 cents to $5.49Takeover target Midwest has urged shareholders to take no action on Murchison's $986 million hostile bid announced on Wednesday.The iron ore producer and explorer said it wants an opportunity to assess the merits of any offer before it responds in detail or makes a recommendation.Murchison expects to lodge a bidder's statement by the end of next week.QAN - QANTAS AIRWAYS LTD - up two cents to $5.97Qantas has assured shareholders that a delivery delay on its new fleet of Boeing 787 D…