Skip to main content

Posts

Showing posts from August, 2009

Electronic retailer Harvey Norman takes a shine to Top brokers

Harvey Norman shares rose 5.35 percent to A$3.94 at the 4:10 p.m. market close in Sydney, their highest level since May 2008. The stock, which has gained 49 percent this year, rose the most in 20 years on Friday after posting earnings that beat analyst estimates. Broker ratings on Harvey NormanThe stock was also raised to the equivalent of “buy” at JPMorgan Chase & Co., Deutsche Bank AG and UBS AG. Analysts at Citigroup Inc. raised their rating to “hold” from “sell.” The government has distributed more than A$12 billion ($10 billion) in cash to households since December while grants to home owners and borrowing costs at a half-century low are increasing home-building approvals at the fastest pace in four years.Gerry Harvey says HARVEY Norman shares surged yesterday to their highest level in a year after executive chairman Gerry Harvey triggered a wave of retail confidence with his claim the economy "is growing stronger and stronger each day".Profit from Australian franch…

ANZ Capital buys into Blue Energy shares

ANZ Capital 79,198 Blue Energy shares from July 22 to August 26, increasing from 113,525,219 shares (20.07%) to 113,604,417 shares (18.07%).STOCK CODE IS : BUL ( SPECULATIVE BUY  RECOMENDED )Check stock price – > BULBUL:AU Blue Energy Ltd
Industry: Oil Comp-Explor&ProdtnBlue Energy Limited is involved in the exploration, evaluation and development of conventional oil and gas and coal bed methane. Blue Energy Limited (BUL, formerly Energy Investments Ltd) is a diversified energy company that undertakes the appraisal and development of Coal Bed Methane gas, Natural Gas and Conventional Oil resources within eastern Australia. The company's acreage consist of seven tenements across five productive basins in South Australia and Queensland, totalling approximately 33,000sqkm.STOCK DASHBOARD: August 28, 2009Blue Energy / Closing Price: 24.0cMarket capitalisation: $150.9 millionTurnover volume: 273,639.0Volume Index (1 is average): 0.3Value of $1,000 invested 1 year ago: $857Blu…

Business from home

With the  recession that had come in  recently , many  had embraced the path of the internet to start their own new business due to funding problems for premises, rent , meet  overheads etc.Now the recession seems to be over but people  have realized it  still  is a better way to start your business online to reduce overheads. I recently came across MoneyMakerClub. Here is what they have to say in their own wordsMaverick Money Makers offers a great opportunity to make (really big) dollars at home AND (drum roll please) it also teaches and coaches you at every stepalong the way! There are hundreds of hours of tutorials (video and audio) with detailed and specific instructions on how to get started - and how to become hugely successful. It is actually a little addictive if you're not careful!This site reviews and advertises an online marketing toolbox and coaching club called Maverick Money Makers. This is REALLY a must for anyone who is trying to start an online business (work from…

The taking down of Australian stock exchange

Yes yesterday i went to the cinema’s to watch  the taking down of Pelham 123” It was absolutely  fantastic. The taking down of pelham 123 is a absorbing  , hard hitting  and Action packed movie that does your dollars spent full justice and you also get  a power packed performance from the  2 greats John Travolta  and Denzel Washington.The taking down by a wall street broker terroristThe reason why  i am blogging about this here ? yes it does have something to with the stock market !! The whole story is based on how  the train is hijacked only to make money from the stock market on its dip and not from the paltry ransom money of  $10 million dollars. Soon as  John Travolta checked on  his computer the stock market  charts soon after  hijacking  the train, i knew  there was a connection to the  hijacking and the stock market crash . The last scene does reveal this when he  looks at this portfolio in gold  sky rocketed and gives a nice hearty laugh. The taking of pelham 123 has release…

Gues who’s back!! yes IPO’s are back in fashion

Luckily for the investment bankers who thrive on the wilder days of years past the IPO window is opening and then come the takeovers. Yes ipo’s Are backThe enormous interest in the $811 million float of Carsales.com.au has broken the IPO drought in Australia, where just 27 companies raised a paltry $1.1 billion in 2008-09. It virtually guarantees a rash of keenly anticipated initial public offerings in coming months, with the $2 billion float of Myer expected to be the jewel in the crownCarsales.com May Raise Up to A$248.7 Million in IPOBloomberg - Robert Fenner - ‎Aug 16, 2009‎17 (Bloomberg) -- Carsales.com Ltd., operator of Australia's most popular automotive Web site, plans to raise as much as A$248.7 million ($205 million) this ..A recent rally in Australian shares has encouraged many companies to revive listing plans. Australia's benchmark share index .AXJO has jumped about 19 percent so far this year.Consumer-driven companies have benefited from Australian government sti…

Look Ma its Woolworths In Bunning's clothes!!

The cards are drawn and  the players are all eyeing each other. Its a game worth billions and your guess is as good as mine or any others. The big  players on the table are Woolworths , Coles and Costco.Times are changing .. can we pick a winner ?Probably not. Costco has arrived on the scene and  there will be definitely 2 big brothers ( Woolworths and Coles ) keeping a very close eye on their new American rival costco.The question is “will Costco be able to pull a share of this big grocery  market from its established  rivals and create a new niche for supermarkets with its wide range including  electronics”. As we already know Coles and Woolworths  are very smart with thier pricing strategy  and have been often accused of  pricing out competitors. it would be interesting to see how they manage this big rival.Check their share value  COSTCOWOOLWORTTHSWESFARMERSIt is even more interesting to see Woolworth's new change in strategy of trying to get wesfarmers  share of the market. W…

China stock market throw wet towel on Australian stock market

The china men  at the Hang sang stock exchange , Shanghai stock exchange and Shenzhen stock exchanges  are standing with their hands on their heads  for the past few days pondering when  the market will rise again , as the  recent  slump in the Chinese stock market gives  them the jitters. A 20 percent plunge has not only brought back the reality of them touching the bear phase again , but is also giving   their  neighboring  economic  giants  India  a very nervous look on their faces as they suffer the slump as well  in relation to their neighbors falling  stock market. China Securities Journal reported today that 879 listed companies on the Shanghai and Shenzhen stock exchanges had posted their first-half results as of Thursday, reporting 114.3 billion yuan ($16.73 billion) in combined profits, down 18 percent from the 140.6 billion yuan recorded a year earlier.Shanghai Stock Exchange’s Top 10 stocksPetroChina (3,656.20 billion)Industrial and Commercial Bank of China (1,417.93 billi…

Ninemsn Money New face Alan kohler

Alan Kohler writes for MoneyLook out for Alan Kohler's new column on ninemsn Money - starting this Wednesday.Australia's top Stock market commentator, Alan will be providing expert insight every week. Alan Kohler, Australia's top business and finance commentator is starting a weekly column for ninemsn Money. Alan kohler joins ninemsn Money Starting Wednesday August 5, Alan will file weekly for Money giving his expert take on the markets, the economy and business. Alan kohler  also has his own website Eureka report and Writes forBusiness Spectator. He is also a regular  stock market update presenter on my favorite section of news “ Stock Update” in the 7pm Abc News In perth.Check out – > Alan Kohler in wikipediaJoin Alan every week on Money and make his insight part of your knowledge portfolio.

Bankruptcy to be filed by Readers digest

One of America’s most iconic names READERS DIGEST in print media is set to file for bankruptcy. According to The Wall Street Journal, Reader’s Digest has “reached an agreement with its lenders on a restructuring plan that it will likely complete under a prepackaged bankruptcy filing in order to reduce its debt.”The Bank repossession Website says “It appears that nothing is safe from the economy these days. The latest story  from is related to the Reader’s Digest Bankruptcy. It appears that a Reader’s Digest Chapter 11 bankruptcy filing is in the works to reduce the magazine’s debt by up to 75 percent, according to reports. It appears that the stay in bankruptcy is going to be relatively short, as it appears that the details of the Reader’s Digest Bankruptcy have already been worked out with lenders”.Australian website : http://www.readersdigest.com.au/Reader's Digest Magazine Australia | Articles, Stories, Tips ...Photo: Bankruptcy Liquidation websiteReader's Digest Australia.…

Good deals for Short term rentals in russia

I recently went to Russia and enjoyed my stay over there. I lived in this lovely Rental apartment in the heart of the city. If you too are thinking about a visit to Russia check them out. Here is their details from their website. Welcome-to-Russia deals with short-term rentals in 26 cities of Russia, Ukraine and CIS. We offer wide selection of apartments from small studios to luxurious 5-room flats. Apartments have obvious advantages over hotels: they are more spacious, allow saving your money, can be rented by a group of people and you can invite friends to stay any time of the day or night. In general an apartment rent is less expensive than a 4*hotel room. Also along with apartment rentals we offer additional services: transfer, visa support and translation. short-term apartments in moscowFor more than 8 years we have been providing high-class services and now we have 1000s of regular customers.GeographyThe Russian Federation is the largest of the 21 republics that make up the…

France , Germany now japan out of recession mode

The recession word if bringing out good news for a change We got these 3 statements just over the past few weeks.Germany is out off recessionFrance is out of recessionJapan is out of recession and now i am sure there will be more to follow , as  with all major economies coming out of the recession .. their smaller partner countries will surely benefit from them as well.Japan has come out of recession after recording growth of 0.9% in the April-June quarter, compared with the first.The boom times are here  and the lucky people who get on this train before the ticket prices  start to boom out of proportion will be the lucky ones and enjoy the ride. recession has been a dirty word so far in 2007 – 2008 – 2009 .. but things are definitely changing.Recent figures have shown other nations  out of recession, including Germany, France and Hong Kong, as a sign the global slowdown is easing.The German and French economies account for about half the output of the eurozone.In other news: Fortesc…

Berkshire Hathways Derivatives safe bet pays off for warren buffet

Even Berkshire Hathaway Chairman and Chief Executive Warren Buffett has taken his lumps this recession, but Friday he announced his company's best quarterly results for nearly two years.Derivatives Fuel Berkshire Hathaway's 14% Q2 Earnings RiseStock markets were Warren Buffett's friend as his company posts first rise in earnings for six quarters.The company reported Friday a net income of $3.3 billion, or $2,123 a Class A share, for the three months to June 30, compared with $2.88 billion, or $1,859 a share, for the same period a year earlier. Earnings had previously fallen for six consecutive quarters. Earnings release.Latest Derivatives update from president ObamaPresident Barack Obama sent Congress his plan to rein in the $592 trillion over-the-counter derivatives industry, a measure that would cut into a profitable market for banks led by Goldman Sachs Group Inc.and JPMorgan Chase & Co.The proposal issued yesterday would pressure derivatives users such as banks and…

Diggers + dealers 2009 Bust to BOOM 2009 /2010

Is this gonna be the  Australian diggers and dealers  forum that gives the word “recession “ a kick up the butt and  get those mining companies back on their feet spurting out  all thos magnificent goodies from tour soil.Quite likely really , given all the doom and bust words are  almost out of our regular vocabulary  now that we are looking to more  optimistic positive times.Things are looking good so far with 1750 registrations  and 126 presentations booths already booked. the turnout at this diggers 7 dealers at kalgoorlie boulder is definitely a scorcher in these just after bust times.Even though  iron ore  in australia has been much in the spotlight lately and uranuim has not been getting the spotlight it deserves , it looks like  The gold  guys will be sparkling their shine at this year 2009 forum.So where its at ?Forum 2009 - 3 to 5 AugustVenue - The Goldfields Arts Centre
Location - Cheetham Street, Kalgoorlie, Western AustraliaKalgoorlie pubThis leading annual mining conferenc…