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Showing posts from October, 2009

In the spotlight - Felix resources ( flx)

Felix Resources (FLX) up 3.8% to 1740c after the government approved Yanzhou’s $3.54bn takeover. In a new requirement, Yanzhou will have to refloat 30% of Felix on the market by the end of 2012. Good news for those seeking approval for China deals. Assistant Treasurer, Nick Sherry, has approved Yanzhou Coal's $A3.5bn takeover of Felix Resources. Under the deal, Yanzhou must float a minimum of 30% of its Australian assets, including Felix, by late 2012, and it also has to reduce its holding in underlying mining assets to less than 50%. A spokesperson for Sherry said foreign investment decisions will continue to be assessed on a case-by-case basis.'Yanzhou's commitment to Felix and the Australian economy is widely acknowledged and appreciated by Felix,' managing director Brian Flannery said on Monday in a statement.The immediate impact is likely to be in trading for Felix Resources, Aquila Resources and Nufarm. Investors in all three companies have been on edge since las…

$$ 15 million for new ANZ BANK logo !!

Just coming back from the great big  financial bust and dip , the banks  are now  flush with cash again  and looking more confident  with ANZ new Millions Dollar logo. The question is it Appropriate ? ( just liek the  BIG  $$$ raises some CEO’s are receiving in spite of companies  running at a loss ) Its a 15 Million splash by ANZ for thier New logoComing back right from a stockmarket bust to boom  this will surely look like a bit of overspend . Maybe some graphic designers can shed some light on how much a normal  or then a little bit more professional looking logo can cost a company!!Here is the logo - you be the judgeNEW ANZ 15 Million LOGOANZ bank has splashed $15 million on a new logo that it claims reflects its 'human' side. The new logo, at right, features a 'modernised' font and a central 'human' shape that "represents ANZ’s customers and people" flanked by three shapes that signify the bank's operations in Australia, New Zealand and Asia-…

Flurry By hedge funds in the market

Hedge funds have come out from hibernation to get the market in a bit of action today. Hedge funds have been busy buying banks as the banks look more and more attractive as they inch the australian markets higher with stock market investing today.Hedge funds action in the Australian marketsHedge funds are buying into Australian stocks, especially banks, in a currency play, broker Southern Cross Equities said. "This currency carry trade in banks has taken the major banking sector to a premium to the broader market. I think that's ambitious," Southern Cross' head of institutional dealing, Charlie Aitken, said in a note."What concerns me is Australian equities, but particularly Australian banks who account for a record 30% of the index, are part of one giant hedge fund currency trade. We all need to be acutely aware that an unexpected move in currencies will have exponential ramifications for the related equities.They are major wheels that are turning, a lo…

((( jagz ))) wants you to join the party @ MyBlogLog

Hey austsockwatch,((( jagz ))) has invited you to join MyBlogLogA little MyBlogLog background...Discover something new or cool each day. Find a sites are unique to your interests, be that "you'll never guess what I found on the internet" person.Learn more about the people who publish your favorite sites? What do they read? Who else reads them?Connect with people who read the same sites as you, make the world wide web a little smaller, more connected.((( jagz ))) thinks MyBlogLog is so great that they've taken the time to let you know about it. Come check it out. If you've got a Yahoo! account, you're already half-way there. Join ((( jagz )))! Check out to learn more.for you jump-right-in types MyBlogLog - not just for bloggers anymore.

BHP AND RIO Says Giddy up !!

BHP and rio tinto  has single handedly  contributed to a large rise in the stock market in recent times and how !!. The market has shot up tremendously in the last few months  and a big part of the gains other than the Banks and the small mining minnows is the two  aussie mining giantsBHP BILLTION an RIO TINTO.I was speaking to my colleague the other  day and she said she was  pretty happy to be going on her well deserved holiday after snapping up a lot of 1400 shares of Rio Tinto Shares In December  2008 a for  28 $ a Unit  and now selling it at its current levels . she has  pocketed about  over $50,000 just in the last couple of months.Investors in Bhp billiton have also been  reaping the rewards of the the sudden surge in  the price and will be surely taking in some profits. Sadly  FMG  ( Fortesque Metals  Greoup ) has not been doing that well on the stock market charts recently  but has still recovered  well above its  December lows to make some a decent profit !! This could be th…

Is pluton Resources looking cheap at 0.47 C ?

ASX code: PLV
Listing Date: 2006-12-15 00:00:00
Industry: MaterialsPrincipal Activities:
Mineral exploration focusing on copper, gold, silver in Tasmania and iron ore in Western Australia.Address:
470 St Kilda Road, Ground Floor, c/- Accosec Consultants Pty Ltd,
VIC 3004Phone: (03) 9867 8283
Fax: (03) 9867 8587Welcome to the new Pluton Resources website.Pluton has a small, but experienced team focusing on taking our Irvine Island iron ore project to development. This project is located within the Kimberley iron ore hub and near to the Koolan and Cockatoo Island Mines. Ore from the hub is renowned for its quality and low impurities. Our drilling confirms commercial tonnage of iron ore on Irvine Island. The island adjoins deep water channels and is well placed close to Asian markets. We have no need for rail. We also enjoy a strong relationship with the native title owners, and together we plan to make the Irvine Island project …

Is it the time to sell my shares ?

To hold on to shares or to sell now !Unlike the environment that the world’s greatest investor Warren Buffett enjoys – a population that is almost 14 times greater than Australia’s 22 million – our companies eventually saturate their market and growth slows. Companies that continue to retain profits when they reach this point, with the aim of diversifying away from their core expertise or in the hope of garnering the market’s attention through acquisitions, have a poor track record of maintaining their previous rate of value appreciation and wealth creation.
In such an environment, buying and holding forever is like the man inflating a dinghy in a dried-up lake: he hopes to have fun but he does not.There are, however, four reasons to sell.
1 The first cause for a reassessment is when I am wrong. Unsurprisingly, I am prone to making errors of both omission and commission. The objective is to minimise their frequency and the magnitude of their impact.The information in an annual report – …

Crown oaks Cup Get a free 200 $ Bet

Crown Oaks 2008 The Crown Oaks is Victoria's premier event for Three Years Old Fillies, and it is always run two days after the Emirates Melbourne Cup Results. Like the AAMI Victoria Derby, it is run over 2500 Metres at Set Weights. All fillies carry the same weight in the race - 55.5kg.

The most famous Oaks winner of all was Briesis, because she also won the Victoria Derby and the Melbourne Cup in 1876. Other famous Crown Oaks winners from down the years are Chicquita (1949), True Course (1950), Evening Peal (1955), Light Fingers (1964), Leica Show (1974), Surround (1976), Rose Of Kingston (1981), Slight Chance (1992), Magical Miss (2001),Special Harmony (2003) and Miss Finland (2006).

Top online betting Agencies - Melbourne cup Australia 1.Betfair - $ Free bet on the Melbourne Cup.

2.SportingBet - SportingBet is Australia's Biggest Bookmaker. Join now and get a $ free bet*

Sporting bet will be offering Melbourne Cup betting odds on Australia's most popular and historic…

Melbourne Cup Get a free 200 $ Bet

The 2008 Melbourne Cup takes place at Melbourne's Flemington Racecourse on Tuesday, November 4, at 3pm, Australian eastern daylight saving time. It is the running of the Melbourne Cup, still Australia’s premier and richest horse race (with prizemoney of A$5.5 million in 2008). Melbourne Cup fever fills the day completely.
IT'S official. The international gallopers are set to dominate the 2008 Melbourne Cup like never before with a record nine European horses paid-up yesterday as third acceptors for next Tuesday's race.
On the first Tuesday of November each year, all Australia comes to a standstill. Dont forget to have a punt on your favorite horse right now , just hop on to one of these reputed australian online betting agencies and keep your fingers crossed , while all the horses do the hard yards.
Unless there are scratchings, 24 horses line up at the barrier at Flemington Racecourse in Melbourne for the 3200-metre race which has become a national passion.

Top online be…

Europeans stocks on a High !!

BHP Billiton Ltd., the world’s largest mining company, and Kazakhmys Plc jumped more than 8 percent. Valeo SA, France’s second-biggest auto-parts supplier, surged 19 percent after CA Cheuvreux recommended the shares. Deutsche Bank AG and Barclays Plc climbed more than 5 percent as European banks were raised to “overweight” at Bofa Merrill Lynch Global Research.European stocks posted the biggest weekly gain since July after U.S. service industries expanded for the first time in a year and basic-resource shares rallied on an unexpected profit from Alcoa Inc. and higher metal prices.Europe’s Dow Jones Stoxx 600 Index added 3.7 percent to 242.73, as all 19 industry groups advanced. The measure has rebounded 54 percent since March 9 as companies worldwide from Goldman Sachs Group Inc. to Bayer AG and L’Oreal SA reported better-than-projected earnings and the French and German economies exited recessionsTwo years ago British bank HBOS (HBOS ) ranked No. 1, and financial firms, utilities, an…

Australia RBA rate increase creates a flurry all around the world

The RBA set rates at 3.25 percent today, up 25 basis points from 3 percent, fuelling a further rally in the dollar as confidence in the Australian economy soared. The Reserve Bank of Australia has become the first major central bank in the world to raise interest rates since the onset of the financial crisis, signalling a strong recovery in the economy.Here is a snap shot of Google  Stock and business news below  which shows that the whole world is talking about the RATE RISE IN AUSTRALIA , we being the first country to  raise rates after the Bust. We must surely be doing pretty good for this to happen to us :)But only time will tell i supposeGoogle News Alert for: stocks,business,australiaUS Stocks Climb; Market Anticipates Start Of Earnings Season
Wall Street Journal
US stocks climbed as traders awaited the start of earnings season while gold prices surged and the dollar slumped after Australia raised interest rates. ...
See all stories on this topicAustralian, NZ Dollars Climb o…