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Showing posts from May, 2009

Is ANZ Expansion plans to india china and asia going to pay off

ANZ is cashing up to deliver on its super-regional banking strategy, announcing plans yesterday to raise up to $2.85 billion as it duels with global giants HSBC and Standard Chartered for the Asian assets of distressed British lender Royal Bank of Scotland.With the asian region  leading in the recovery for the current economic crisis  there seems to be  quite a few factors pointing that ANZ is heading in the right direction in expanding its  base. The asian banks are much more conservative with their lending practices  and hold healthy  lending to value ratios and it would help to  get into this lucrative market and it might [pay off pretty well compared to the crisis the current us banks and European banks are facing at the moment.Morgan Stanley analyst Richard Wiles said the $14.40 a share placement price  by ANZ was above his 12-month target price of $13.60 and was unattractive. "The trading update does not make us more positive on the earnings outlook, and the ability to make…

Short selling back with a vengenance

This week saw the return of the short selling and Hedge funds and the market did not go unscathed with some australian stocks in free fall.Soon as short selling was back the short sellers did not feel shy of bringing down some of their favorite stocks like Maquarie bank and westpac bank. The resources sectors were spared from their wraths. So times are not really looking good again for those companies with high debt and unbalanced balance sheets ,beware the short sellersare here and the hedge funds are back in business.The financial sector tumbled 2.5 per cent on 25 may after the corporate regulator lifted its short selling ban this morning.Results of lifting the short selling banFunds manager Perpetual experienced one of the biggest falls, down 8.9 per cent to $30.00; fellow funds manager AMP fell a more modest 3.8 per cent.Reputed short selling target Macquarie Group was down 6.6 per cent to $31.28 - a little bit more than $1.00 below where the stock was immediately pr…

Timbercop , Great southern who Next ?

They say that these 2 companies went down due to their style of investment; they were financial companies dealing in agribusiness and not agricultural companies also dealing with finance. Now that can make sense , but where do you draw the line between the amalgamation of these 2 activities when it comes to big companies like these. Great southern and timbercopare both complex big companies with several managed schemes which make it even more complex Great southern Only recently put up $200 million of cattle properties and tree farms on the market to raise cashThere still was thousands of normal shareholders like us who lost out due to being unsecured creditors and therefore received nothing from the bits and pieces that was left off from great southern and timbercop. And off course the same is going to happen to great southern as well … when there will be more people losing their hard earned money.great southern had 43,000 investors acroos 45 Investment schemesOnce …

Is the rally on to stay

While stock prices have been going down since the market broke out of the Wicked Wedge on February 10th, I have been watching a little side-show.
Notice that our Market Timing Graph shows a sporadic price pattern of four huge down days which have occurred since February 9th intermixed with a preponderance of relatively small price movements. On many of these days, the market opened to the upside; then went down. This performance is quite different than the sharp sell-offs seen in October and November. Today's activity is a good example.
The February jobs report, released this morning, showed that another 651,000 non-farm jobs were lost in February. Moreover, downward revisions of an additional 161,000 losses were made for December and January. The unemployment rate hit 8.1%, yet stocks prices opened to the upside. The reason given for this counterintuitive response was that traders expected a much worse report. The side-show I've been watching is that of the classic bear mark…

Indian stock market Hits the roof on poll results

Today   my mobile alerts were buzzing and  emails pouring in with good news from the indian stock market. i also track the Indian stock market  and the  stock market literally were heading for the sky . The Indian  stock trader authority  had to halt trading  twice today  as stocks were spiraling  out of control on the poll news of congress winning a landslide victory. that definitely took away a lot of uncertainty for the Indian stock market.I was shocked when i got this message ( email) for one of the dummy portfolios i was tracking for myselfDear xxxxYour portfolio is up Rs.70580 (12.2 6%) at 10:40 IST.
To know what contributed to this change,And that amount is a lot in indian moneyInvestor wealth, measured in terms of the combined market capitalisation of all the listed companies, increased by over Rs 6,56,477 crore in a minute -- in the first 30 seconds and then after the resumption of trading at 1155 hours -- to Rs 44,63,420.97 crore.Here's a snap shot of my  Indian port…

Budget Blues australia

The australianbudget 2009 is out, and as every budget does this one will to – “ Make some people happy and some people Not SO happy”. $22 billion is gonna be one of the big spens on infrastructure building.Budgets can never be made to please everybody.So there will be the people who are pissed off and the people who are happy , and i do know the latter would surely be the pensioners. After all the hula bula going on in the media , 7 news , Channel 10 News and all other australian tv channels about the pensioners getting a raw deal and below the poverty line etc. they have managed to gets Rudd's attention and dealt a winner.
So how its gonna effect us normal people trading on the stock market and looking to make a extra buck. Well for one we know there is a massive amount earmarked for the infrastructure spend by the government . So whos gonna be affected by this.One of my favorite stocks come to mind Leighton Holdings . i would be definitely keeping a close eye on this one and if …

Recession talk , rate cut and fat wallets

Stocks for recession timesToday i read a article in the newspaper  about stocks that would perform better in the current conditions. It says in these recessionary times. stocks that have   ample  funding to get buy already are looking good.So dump all those penny stocks and get some real quality stocks now.And yes what may those stocks  be ??The report goes on to say , Bhp Billiton , Telstra , Santos , origin energy  and wa newspapers ( the west Australian) are   having nice fat wallets  at the moment  when the others are scouring for  loose change.So what do we do , do we go ahead and sink our teeth into these  beauties??If stock picking was so simple  then  every tom dick and harry would be making a killin!!Take a moment here  !! think !!where are metal prices heading ? how is that gonna effect Bhp?what's the future  holding for  Telecommunication sector??Will  energy  still be in big demand in 2 years .. will prices hold ??Will people stop buying newspapers and magazines ??Well…

Oakajee and the budget

In late 2008 Oakajee Port and Rail Pty Ltd had been selected as the preferred developer of a deep water port, which would enable a major step forward for the Mid-West’s iron ore sector.West coast mining companies stand to be big winners from $22 billion of infrastructure spending contained in the federal government's 2009/10 budget, with the Oakajee deepwater port to receive $339 million.
Treasurer Wayne Swan told parliament on Tuesday the centrepiece of his second budget was its investment in infrastructure, the biggest since the Snowy Mountains Scheme in the 1970s.The Minister said the Government would retain ownership of the port, which would be managed by the Geraldton Port Authority.“Although the infrastructure provider will develop common-use infrastructure such as the breakwater, channel and turning basins, these will be transferred to the ownership of the Geraldton Port Authority upon completion,” she said.“There will also be third party access to private use infrastructure…

The speculator has moved

As you can see from my this old post about David Haselhurst - speculator, i am a big fan of this man who seeks out the penny stocks and make them do thier magic on and on again as his portfolio has all the time proved to us. I went recently to check on his tips and was suprised to see this message at Money magazine Link where he is a regular writer of the speculator Column.This is what the Message displayedTHE SPECULATORApril 6, 2009The Speculator is no longer appearing on ninemsn Money. For more info, email money@acpmagazines.com.au David haselhurst used to write for the bulletin before he started writing for monay magazineWhere is david haselhurst now ?Eureka report has lured david haselhurst who used to write the specualtor column on the internet for money magazine.Also read about one of my other fav columnist >> marcus padley

why the banks are stressing ?

There  has been a lot of noise going around off stress tests and all  for the past few days..  SO then  what happens from here ? what if they  fail the test ? will it have a lasting effect  on the current surge in stock prices.What  is this bank stress test all about ?Its basically a test of the Big american banks to see how they are faring and the results are in .The nation's biggest banks are regaining their health, but some need to replenish their coffers to withstand any new difficulties, the government said in an upbeat report Thursday.
The Federal Reserve's highly anticipated "stress tests" found that 10 of the 19 largest banks needed to bolster their capital by a combined $75 billion. Most of that must be raised by two banks with a large California presence -- Bank of America Corp. and Wells Fargo & Co. -- highlighting the role of the state's housing market meltdown in the recession.The Fed led the stress-test process, which applied to U.S. banks wi…

IS the bull back ??

So is the bull Really back ?Recently  positive activity on the market  , foregoing the small  plunges  are certainly  indicating a more positive trend  to the market.We  certainly  got scrooged  when brokers and pundits were  giving us  the buy , buy , buy  signs  well into the start of the bear market  when it all began. And many people lost their  hard earned money on that  buy signals . Did the  pundits get it wrong  ??Well now  we are  on the move upwards for quite some time   and  there are more  brokers  pundits and analysts saying    Its still not looking good  and  its a bear trap.Are they right  this time ?Trading   is all about getting in at the right time and getting out at the right time. As we all know  the stock market  definitely  starts to recover before the property market  and normally  the stock market recovery  is the first signs showing the economy is getting back to normal.I've been watching Westpac  , RHG and  Harvey Norman  and rhg seems to be rocketing thr…

Good Dividends are a safe bet

The current economic times  are worrying , yet there is gold among the rubble. While millionaires  and the rich are  or selling their  yachts ,  posh cars , and houses on ebay or then auctioning off their big boys toys . there is still hope  as buffets says “  The US government is doing the right thing to keep the economy in  check and running ok.So where are the good stocks that can pay  dividends in even these troubled times.According to Lincoln indicators charts  > it shows us that  Agl Energy  and origin energy  are more conservative ways to invest  in the utilities and energy sectors.Some of the companies giving good  dividends even in these troubled times   and ahead are listed below. But keep an eye out for reporting season which is near.Some fully franked Dividends (100% ) giving companiesAGL ENERGY , ANZ , BHP BILLITON , WOOLWORTHS , WESTPAC , RIO TINTO , LEIGHTON HOLDINGS ,  CAOAL AND ALLIED INDUSTRIESSOMECOMPANIES THAT ARE STILL GOOD THOUGH NOT GIVING FULLY FRANKEDDIVIDE…