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Showing posts from June, 2009

Year end profit taking

Crystallizing losses for year end tax gainsThere will be a lot of year end profit taking and crystallizing losses before the end of financial year to make use of it for tax breaks , but it wont be as much as in normal years considering many are already bleeding.Dividends To issue1 July TBG Tutt Bryant Group Limited 1.5 cents
3 July PRG Programmed Maintenance Services Limited 5 centsOil prices pulled lower on profit-taking, one day after striking new 2009 high points on hopes of a rebound in the world's major economies, analysts said.The Australian dollar slipped down as some investors took profits after a week of gains, but steady demand for higher-yielding currencies kept it firm.On crystallizing losseshttp://phorums.com.au/archive/index.php/t-166517.htmlIf you have realised capital gains, and you have other stocks with book
losses, it makes no sense not to crystallise losses. Why pay tax this year
when you can effectively cancel it out? Next year if you only have capital
losses, ATO…

Insurance - Aviva Acquired By NAB Australia

Aviva, the world’s fifth-biggest insurer, joins a growing list of global companies exiting Australia to focus on their domestic markets in the grip of a global financial crisis. Car Insurance and Home insurance sectors in australia are a  big market
NAB, Australia’s biggest lender, pipped AMP Ltd and others to clinch the deal – its first acquisition under new CEO Cameron Clyne. National Australia Bank Ltd (NAB) will pay US$660mil for most of British insurer Aviva Plc’s Australian businesses to become the country’s dominant investment platform provider and insurance underwriter

NAB shares rose 1.76% to A$22.49, while the benchmark share index was up 0.48%.NAB, which has identified wealth management, insurance and its advisory business as key growth areas, said yesterday the purchase would dent its Tier-1 capital by about 15 basis points, but forecast A$70mil in annual pre-tax savings. Insurance Claim Secrets REVEALED!

Aviva’s Asia Pacific chief executive Simon Machell said the company w…

Best exchange Traded funds

What are ETFs?"ETF" stands for Exchange Traded Fund. ETFs are available as shares and CFDs.An ETF is, generally, a trust or company that invests in baskets of stocks with the intention of tracking a particular index. Securities or interests in these funds can be traded on the ASX like a share.Forget traders and trading  with exchange traded funds you can do away with you brokers and rest easy knowing that  you will be reducing  the volatility of  sharemarkets and also be able to invest in other country stock marketsiShares MSCI EAFE (IVE) : for  Australasia Europe Far East ( Reflects the performance of European, Australasian and Far Eastern markets)iShares S&P Asia 50 (IAA) : for investing in asia ( The index covers the large-cap constituents in Hong Kong, Korea, Taiwan and Singapore.)iShares FTSE/Xinhua China 25 ( izz) for china : ( The Index consists of 25 of the largest and most liquid Chinese companies. All of the securities in the Index trade on the Hong Kong Stock…

World bank report

The World Bank Group actively monitors global economic figures. On June 22, the Bank  released Global Development Finance 2009: Charting a Global Recovery.Amidst global economic recession and financial-market fragility, net private capital inflows to developing countries fell to $707 billion in 2008, a sharp drop from a peak of $1.2 trillion in 2007. International capital flows are projected to fall further in 2009, to $363 billion.Global Development Finance 2009: Charting a Global Recovery, warns that the world is entering an era of slower growth that will require tighter and more effective oversight of the financial system. Developing countries are expected to grow by only 1.2% this year, after 8.1% growth in 2007 and 5.9% growth in 2008. When China and India are excluded, GDP in the remaining developing countries is projected to fall by 1.6%, causing continued job losses and throwing more people into poverty. Global growth is also expected to be negative, with an expected 2.9% cont…

Learning from traders interviews

A good source of  what is happening on the market is  to get the  financial info straight from the people who are  in the ring fighting it out everyday to bring home their  bread and butter. Trader interviews give you a lot of  knowledge into the  workings of the daily  stock market  and how you trade.Let's be honest. There are a lot of people out there teaching trading that haven't traded for a long time. Most teach strategies that may have worked at some point, but stopped working long ago. Most of the traders we talk to aren't speaking at seminars and conferences. They aren't writing newsletters. They definitely aren't sitting in chat rooms giving out their stock picks.
TraderInterviews.com, quite simply, gives you an inside look into how real, everyday traders make their living. If you want to improve your trading results, doesn't it make sense to talk with the people already making consistent money? No hype, no BS - just straight talk from traders who made …

Gorgon project & more

The gorgon project is nearing its approval date  and there will be many happy faces in WA if it all comes together. It will single handedly  take away a lot of wa funding woes and fill in the gap in our coffers created by the Riot tinto  Bhp billiton merger.In other words the gorgon project will have a massive stimulus effect on wa jobs abs cash flow.Forget Rudd stimulus here comes the gorgon stimulus (fingers crossed).The gorgon project is a partnership between with the Gorgon partners,Chevron, Shell and ExxonMobil,Things have already started to look up  with Decmil wining a contract for the gorgon project.Perth-based engineer and builder Decmil Group Limited’s (formerly known as Paladio Group Ltd) (PDO) wholly owned subsidiary Decmil Australia Pty Ltd has been awarded a $500 million contract alongside joint venture partners to design and construct an accommodation village for Chevron Australia Pty Ltd. The company said its share of the total contract value is expected to be around $…

JBHIFI ( JBH ) Buy Buy Buy

JB Hi-Fi. Consumer electronics retailer JB Hi-Fi has been one of the better performers during the slump in the equity markets and with the company continuing to build market share and snare customers from its rivals, stock pickers continue to see further upside for investors.JBH.AX or JBH
The retailer has upgraded its 2008-09 profit guidance by 41% to $92 million, up from the previous guidance of $87 million. One stock picker says the company is better-placed than many of its peers if retail conditions weaken as the federal government’s stimulus cheques begin to peter out and unemployment rises.JBH -AboutJB Hi-Fi Limited engages in the retail of home consumer products in Australia and New Zealand. It offers consumer electronics, including televisions, high fidelity, DVD players, home theatres, digital still, video cameras, mobile phones, and accessories; electrical goods comprising whitegoods, computing equipment, kitchen equipment, air conditioners, and small electrical appliances; ca…

The chinese mob will be eyeing Juniors

The chinese mob will be back and  soon even before you know it .They got deep pockets and this time they definetly wont be looking towards rio tinto or bhp direction. Junior Miners  and iron ore miners are going to reap the benefitsRIO TINTO  AND BHP LED US BACK MUCH HIGHER INTO THE REVIVAL OF THE STOCK MARKET. But from now on it will be the junior miners who will be  most likely to gain from here. The chinese have been rebuked and they will be hunting to  get them some easy prey and the juniors will be having the last laugh. Fortesque  Metals (FMG ) one of the larger iron ore miners after bhp and rio tinto  has already reaped the  benefit of this latest development  with a big jump in their share prices  and it expected  to shore up more contracts.I sat down  to review my portfolio and ... ouch!  What a mess! Red everywhere; some of the stocks were down 50% and more. Statistics say only four or five out of 2000 companies on the ASX rose last year. Four or five in 2000. The Chinese ar…

Copying how the rich become richer

Australian shares rose 2.3 percent to a seven-month closing high on Wednesday, as stronger oil and base-metal prices boosted energy and mining stocks. People are definitely getting richer  and there is no reason why you cant get  richer  copying the rich peoples portfolio.A survey of 500 wealthy individuals from australia has revealed that they  are probably going to STAY AWAYfrom  commercial property ,  Listed property trusts , International shares  and alternative assetsThe wealthy are simply  putting their money back into Australian shares followed closely by cash  and fixed interest investmentsSo where do these  rich people  put thier money to become richer. lets take a look at Macarthur Coal’s boss Ken Talbot  who is  busy buying a range of resource stocks. It’s not every day we get to see just how a resource magnate is spending his money, but over the past year coal king Ken Talbot has been diversifying a newly made fortune on the Australian market.Talbot  was one of a handful …

Rudd the recession Buster !!

So we have escaped the dreaded  “R”  Recession word. The impending doom  of recession has been avoided. But does that mean the future is looking really bright , we will have to wait and  see , but definitely the  signs are surely there and  in this sorta climate  if you don't get in first you will be behind.So how did we manage to escape the recession , there are many factor that   contributed one was the  ever so popular  bonuses dished out to  all and sundry  by the “Great Rudd” , also in play was the  Low interest rates  by the RBA that  buoyed the property market and kept things going. and thirdly our good Chinese  friends who always want some  sand of our backyards , that kept the mining industry afloat and digging for more.Kevin Rudd SupermanKeep in mind we also were able to  be less affected  because we do not manufacture anything her much in Australia and  therefore we are not dependent on people buying our products overseas  in recession time.But this same factor might co…

Insolvency portal Launched by Asic

With insolvencies , liquidationsand administrations on the rise  and companies like  timbercop and   great southern in the news , Asic has come out with more support to shareholders in the current economic climate.ASIC has launched a new online portal specifically designed to meet the needs of stakeholders likely to be impacted by corporate insolvency. The information is part of ASIC’s response to the increasing number of companies experiencing financial difficulty, or becoming insolvent, in the current economic environment.The portal, which is available at www.asic.gov.au/insolvency, provides information specific to each stakeholder group about their rights and obligations and responds to frequently asked questions. It also assists stakeholders to understand the technical jargon of insolvency and outlines the most common forms of corporate insolvency administrationShort URL’s are available for each stakeholder group, and general resources, as follows:Company directors
www.asic.gov.au/…

The big great Bhp billiton and Rio Tinto wedding

The chinese will be spewing!! with this news hitting the markets. Two of the big fellas of mining  Rio Tinto and Bhp Billiton have  decided to pair up  and there will be less room for the chinese  to  make low ball offers.Australian stocks rose 1.1 percent, reaching a fresh 7-month high on Friday after Rio Tinto (RIO.AX RIO TINTO ,RIO.AX , 72.490, +5.590, +8.360%) and rival BHP Billiton (BHP.AX BHP BILLITON - BHP.AX , 38.180, +3.070, +8.740%) rallied following an agreement to form a $116 billion iron ore joint venture.Rio dumped plans for a tie-up with China's Chinalco and announced a heavily discounted rights issue. Well this news is certainly  not going to be taken well with the chinese, who were probably trying to get  cheaper prices from iron ore  by taking advantage  of the competition between these 2 big iron ore miners Rio Tinto And Bhp billitonShares in Rio jumped as much as 13 percent to a 7-month high of A$75.75, nearly triple the price of the rights issue at A$28.29 a s…