Proactiveinvestors RSS feed en Sun, 27 May 2018 23:54:20 +1000 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[News - Titan Minerals attracts $11 million for copper, gold assets in Peru ]]> Titan Minerals Ltd (ASX:TTM) has received firm commitments to raise about $11 million through an oversubscribed placement of shares at 3 cents each to institutional and sophisticated investors.

The company is now well funded to finalise the acquisition of the Mirador copper and gold plant and to explore and develop the highly-prospective Torrecillas and San Santiago projects in Peru.

Titan’s copper assets are contained within 7,800 hectares of under-explored concessions that surround the San Santiago processing plant and are currently being mined for copper, with an attractive gold and silver credit.

The company’s gold assets include its small-scale mines at the Torrecillas project.

Mirador Plant Acquisition

Titan has completed its due diligence on the Mirador Copper and Gold plant in Peru and is now progressing to complete the transaction in early July 2018.

The placement satisfies one of the transaction conditions precedent.

Importantly, the completion of the acquisition of the Mirador Copper and Gold plant is expected to position Titan as a significant gold producer in Peru.

Fast-tracking the exploration of copper-gold tenements

Titan executive chairman Matthew Carr said: “This is an excellent result for the company and we are very pleased with the strong demand from existing and new investors.

“This paves the way to fast track the exploration of Titans exciting copper gold tenements, as well as funding the capital requirements of the Mirador plant, and the Andina Vista plant.

“We have complete confidence in the potential of both the Vista and Mirador plants and will take a measured approach to the exploration and development of the Torrecillas Gold project.”

Andina takeover bid

Titan recently entered into an agreement with unlisted public company Andina Resources, by which Titan is acquiring all of the issued share capital in Andina via an off-market takeover bid.

Titan will continue to develop its current Peruvian assets, in addition to operating Andina’s complementary assets comprising the Tulin Gold Plant and the Vista Gold Plant.

Tue, 22 May 2018 13:51:00 +1000
<![CDATA[News - Henry Morgan to sell unlisted assets for $79 million ]]> Henry Morgan Ltd (ASX:HML) has entered a binding term sheet to sell two stakes in unlisted assets for $79.16 million.

Both of the company’s stakes in JB Financial Group Pty and Bartholomew Roberts Pty Ltd will be sold to JB Financial.

The sales are conditional to the negotiation and execution of transaction documents and required shareholder approvals.

Cash and convertible note to be received

The consideration for the acquisition is $67.16 million in cash which if not paid within 28 days will attract a 3.72% per annum interest payable annually.

This value will be secured against JB Financial’s assets.

Henry Morgan will also receive a convertible note with a face value of $12 million.

A committee has been established comprising three independent directors to consider the new offer.

Shares last traded in June 2017

Shares in the listed investment company (LIC) Henry Morgan last traded in June 2017.

Shares were suspended after the company was issued an interim stop order by the Australian Securities and Investments Commission (ASIC).

The stop order related to the issue of bonus options.

READ: L1 Long Short Fund set to make ASX debut after raising $1.3 billion

The listed invest company (LIC) sector of the ASX is busy after L1 Long Short Fund (ASX:LSF) recently completed a $1.33 billion initial public offering (IPO).

The original prospectus for the IPO outlined a minimum of 50 million shares ($100 million raise) and maximum of 300 million shares ($600 million raise).

After overwhelming demand, the listed investment company (LIC) issued a supplementary prospectus to allow it to increase the maximum to 675 million shares or $1.35 billion.

WAM Global Limited (ASX:WGB) is in the process of raising up to $330 million at $2.20 per share as part of an IPO.

Fri, 11 May 2018 12:21:00 +1000
<![CDATA[News - Lithium next boom resource from the mining powerhouse of Western Australia ]]> The key new generation battery ingredient of lithium is set to become Western Australia’s next boom metal, following in the steps of gold, nickel and iron ore.

It’s not just mining that is painting a rosy picture for companies active in the lithium space, with increasing interest in value-adding opportunities.

In fact, many analysts believe WA, which relies heavily on the abundance of mineral resources, will become the world’s second major location for the refining of lithium from mineral concentrate after China.

Rapid pace of developments

Global metals and minerals research company Roskill concurs, citing a number of recent announcements outlining the rapid pace of developments within the lithium mineral sector in the state.

Roskill stated: “Given its more straightforward development and production process compared to the lithium brine sector, this sector has been able to react quicker to current, and significantly increased projections for future lithium demand.”

Lithium is a soft, silvery-white metal, which is highly reactive and a key component in lithium-ion batteries.

The chemical does not occur in nature in its elemental form, but compounds within hard rock deposits and salt brines.

READ: Kidman Resources selects site at Kwinana for proposed lithium refinery

A recent value-adding example is the lithium conversion facility proposed by 50:50 joint venture partners Kidman Resources Ltd (ASX:KDR) and Sociedad Quimica y Minera de Chile (SQM).

Last week the two parties announced that they had selected a site in the Kwinana Strategic Industrial Area, 30 kilometres from Perth and adjacent to port facilities.

The JV company plans to build a facility with initial annual production capacity of about 44,000 tonnes of lithium hydroxide, or 37,000 tonnes of LCE, from spodumene concentrate.

A definitive feasibility study for the plant is due to be released in late-2018.

The proposed refinery will be at the Port of Kwinana.

This is part of an integrated production strategy for Kidman, which entered an agreement with SQM in June 2017 for joint development of the Mt Holland Lithium Project, 360 kilometres east of Kwinana.

In a report, Roskill said the quicker reaction time of the lithium mineral sector was highlighted by the fact that Kidman had only announced a maiden resource for Mt Holland in December 2016.

“Aside from the plant, SQM and Kidman also have to prove the technical and economic viability of Mt Holland if this to be an integrated operation.”

Adding value to Greenbushes

Other Roskill examples include Tianqi Lithium Corp (SHE:002246) and Albemarle Corporation (NYSE:ALB).

Tianqi began constructing its lithium hydroxide plant in Kwinana in October 2016, which is expected to have annual capacity of 48,000 tonnes of lithium hydroxide when fully commissioned in late-2019.

Albemarle aims to develop a 20,000 tonnes per annum lithium hydroxide facility in Kemerton, with staged expansions to 100,000 tonnes by around 2025 proposed.

Both will be fed by concentrate from the Greenbushes mine, 250 kilometres south of Perth, which is the world’s largest and richest lithium producing operation.

Greenbushes is operated by Talison Lithium, in which China's Tianqi controls a 51% stake and US-based Albemarle holds the minority interest.

READ: Lithium Australia nears completion of design for cutting-edge SiLeach plant

The value-adding potential is also being examined by other companies, including Lithium Australia NL (ASX:LIT) and Neometals Ltd (ASX:NMT).

Lithium Australia is designing a cutting-edge large-scale pilot plant to demonstrate its SiLeach® hydrometallurgical process which extracts lithium and by-products at commercial scale from lithium micas.

Lithium Australia is aiming for a circular economy in lithium-ion battery supply.

The company also has an extensive suite of lithium prospects throughout Western Australia from which it is intending to feed the SiLeach plant.

READ: Neometals to begin FEED study for lithium hydroxide project

Neometals is assessing the development of a lithium processing facility near Kalgoorlie, close to the Mt Marion Lithium Project in which it has a 13.8% interest.

Lithium produced at Mt Marion is being shipped to China but Neometals has a binding offtake option right for a minimum of 12.37% of production from February 2020.

This would provide a secure supply of feedstock to support the prospective development of its own downstream processing plant.

Neometals’ staged approach to becoming an integrated lithium producer.

The company also recently completed the acquisition of Mt Edwards Lithium Pty Ltd, which holds 75% of the lithium rights in the Mt Edwards Lithium Project 40 kilometres south of Mt Marion.

A little further afield, Core Exploration Ltd (ASX:CXO) plans to develop a spodumene concentrate and direct shipping ore operation to China from its Finniss project in the Northern Territory, which is within trucking distance of Darwin Port.

Thu, 10 May 2018 08:23:00 +1000
<![CDATA[News - Field Solutions Holdings expands telecom network in Queensland ]]> Field Solutions Holdings Ltd (ASX:FSG) has commenced telecommunications network construction activities at the Blackall-Tambo Regional Council area in Queensland.

The company will be deploying both fixed wireless and rural reach network solutions to the Blackall and Tambo townships and surrounding rural properties.

Series of communications towers across the council area

Field Solutions is a licensed Australian telecommunications carrier, providing services via its own telecommunications network (trading under the brand JustISP) to rural, regional and remote Australia.

The company has been engaged to design, construct and maintain a series of communications towers across the Blackall-Tambo Regional Council area.

This contract is expected to generate about $850,000 in revenue over three years.

Once these towers are delivered, the company’s retail arm JustISP will deliver both business and residential internet plans and associated services.

Services into 17 local government areas across Australia

Business and consumer services are already live in the township of Blackall, with a number of key customers already committed to 3-year contacts.

Connectivity to the township of Tambo will be live before October 2018.

The company now supports services either directly or as a wholesale provider into 17 local government areas across Australia.

Field Solutions chief executive officer Andrew Roberts said: “We are pleased to be fully operational in Queensland.

“Our model has been enhanced via the recent aqusition of South Western Wireless.

“Strategically, we have established our second rural operations base in Rockhamton, and have staff based in Rockhamton, Blackall and Longreach.”

Wed, 09 May 2018 15:56:00 +1000
<![CDATA[News - Smiles Inclusive completes $35 million IPO, trading up 10% ]]> Smiles Inclusive Ltd (ASX:SIL) successfully listed on the ASX last Friday after raising $35 million in an initial public offering (IPO) priced at $1 per share.

Funding from the IPO was for the dentist roll-up to acquire a portfolio of 52 practices under a unique partnership model.

49 of the 52 dental practice acquisitions in the initial portfolio were completed prior to listing with the remainder expected to complete imminently.

More than 30% of practices in the initial portfolio have already integrated onto the centralised practice management platform and the national Totally Smiles re-branding is underway.

Acquisition of new dental practice already made post-listing

Furthermore, the company has signed a binding agreement to acquire its first practice post-listing located in Brisbane.

The practice is being acquired for $3-3.5 million cash to be funded using the current balance sheet.

The acquisition remains subject to confirmatory due diligence and other conditions but is expected to complete within two weeks of listing.

Following in the success of other ASX dental roll-ups

Smiles will hope to endure the same success that other listed dental portfolios have had in Pacific Smiles Ltd (ASX:PSQ) and 1300SMILES Ltd (ASX:ONT).

Since listing in December 2014 at $1.30, Pacific Smiles is up 26% and since listing in March 2005 at 80 cents, 1300SMILES is up nearly 700% or 8x.

Physiotherapy and podiatry practice roll-up Healthia is expected to IPO later this year.

Tue, 01 May 2018 11:37:00 +1000
<![CDATA[News - Vonex aims to become a listed telco through IPO ]]> Vonex Ltd (ASX:VN8) aims to raise up to $7 million through the issue of shares priced at 20 cents in its current initial public offer (IPO).

The company is a telecommunications service provider with three core businesses, Vonex Wholesale, Vonex Telecom and Development and engineering.

Vonex generates revenue through the offering of phone and internet services.

Vonex Wholesale allows clients to white label

The wholesale product is sold on a white label basis to clients who are typically internet service providers (ISPs), carriers, and larger telcos and cloud service providers.

Vonex Wholesale supplies wholesale customers with PBX endpoints, voice minutes and advanced PBX features, which are on-sold under their own brand.

Vonex Telecom is the retail division

Vonex Telecom is the retail division of Vonex which is a full-service telecommunication service provider selling mobile, internet, business phone systems and hosted PBX to name a few.

These services are sold direct through Vonex or via affiliates or channel partners.

Development and engineering keeps technology ahead of the market

The Development and engineering department is the voice engineering department which maintains and develops products to keep Vonex ahead of the market.

This is the engineering and creative hub of the organisation where the company’s intellectual property is developed and tested before patents are lodged and the product is commercialised.

Scalable business model

Vonex has a scalable business model that achieved $6.12 million revenue in the retail division and $1.16 million in the wholesale division in 2017.

Of the funds raised, the majority will be used for business development ($2 million) and to make repayments ($1.195 million).

Developing the Oper8tor app

Vonex is also developing the Oper8tor App, a voice, messaging and social media app that allows users to connect with all contacts across different platforms in the one app.

The company is targeting an initial launch of Oper8tor during the second half of calendar year 2018 and aims to achieve an initial milestone of 10 million active users by the end of calendar year 2019.

Mon, 23 Apr 2018 08:40:00 +1000
<![CDATA[News - 8IP Emerging Companies is trading at premium to NTA ]]> 8IP Emerging Companies Ltd (ASX:8EC) has released unaudited pre- and post-tax net tangible assets (NTA) as at 31 March, 2018.

Both its pre-tax NTA of $1.0995 per share and post-tax NTA $1.0576 per share are at significant premiums to the share price of 93 cents.

8EC is a listed investment company (LIC) focused primarily on ASX-listed emerging companies, typically with market caps of under $500 million.

Owned 100% by its staff

Eight Investment Partners (8IP) is the manager of the 8IP Emerging Companies LIC.

It is a specialist small companies investment manager with over $250 million in funds under management and is 100% owned by its staff.

The LIC is managed by Kerry Series and Stephen Walsh, who are both experienced investment professionals.

Strategic support from Wilson Asset Management

Earlier this week, 8EC revealed strategic support of Wilson Asset Management and the appointment of experienced director Geoff Wilson AO to its board.

The company also appointed independent non-executive director Robin Burns.

The move comes after 8EC’s largest shareholder at 19.99%, Aurora Funds Management, made a hostile move to add three directors to the board.

Shareholders will vote on this at the upcoming general meeting scheduled for next Monday, 16 April 2018 in Melbourne.

Fri, 13 Apr 2018 14:03:00 +1000
<![CDATA[Media files - Carhood gearing up to raise A$5 million from IPO on ASX ]]> Tue, 10 Apr 2018 20:12:00 +1000 <![CDATA[News - HUB24 continues to be a top performer on the ASX ]]> HUB24 Ltd (ASX:HUB) continues to be a top performing ASX emerging company having more than doubled its share price to around $9.90 over the past 12 months.

In the most recent December half, the company increased its underlying net profit after tax by 75% to $2.1 million.

An award-winning investment and superannuation platform

HUB24 services the financial services industry such as stockbrokers and wealth managers through its investment and superannuation platform

The platform offers a comprehensive range of investment options, with enhanced transaction and reporting solutions, for all types of investors.

The platform supports individuals, companies, trusts, associations or self-managed super funds.

Funds under administration (FUA) growing rapidly

The company achieved record half-yearly and annual increases in FUA of $1.4 billion and $2.75 billion respectively.

Momentum is continuing into this June half with strong net inflows to date and continued conversion of HUB24’s growing opportunity

An award-winning platform

HUB24 continues to win awards for its platform.

Investment Trends awarded HUB24 the winner in three fields for 2017 Platform competitive analysis and benchmark reporting:

• Best platform managed accounts functionality;
• Best navigation and user interface; and
• Best mobile platform.

It also won two fields under the 2017 Planner technology report category:

• Overall platform satisfaction; and
• Ease of use/navigation of platform.

Fri, 23 Mar 2018 14:59:00 +1100
<![CDATA[News - Growth Markets Organisation launching world’s first global crypto securities exchange ]]> Growth Markets Organisation (GMO) is building a blockchain-based decentralised securities exchange known as GMDEX.

GMDEX will help launch new businesses through initial coin offerings (ICOs) and cryptocurrency investment tokens (CITs).

Any vetted company wanting to tokenise their assets or enter the cryptocurrency business model can list on the GMDEX exchange, exposing their capital raise to the world of investors.

GMDEX will offer multiple trading products

GMDEX will offer exchange-traded funds (ETFs), securities, real estate funds (REFs), passive coin-traded funds (CTF), active coin managed funds (CMFs).

Participants will also be able to trade CFDs, derivatives, futures and other trading products normally found on a securities exchange or in an over the counter (OTC) market.

Being decentralised is a key difference

Unlike traditional securities exchanges, GMDEX will be decentralised and backed by smart contracts detailing the securities tokens owned by the investor.

A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract.

Through the effective use of smart contracts, order and issuing fees can be reduced to a fraction of traditional costs.

GMDEX will be part of emerging investment bank GMO

GMDEX will be part of GMO which is an emerging investment bank with branches in different tax effective jurisdictions.

GMO was launched March 2006 as a platform for all smaller companies in the world to be listed.

The introduction of crypto coins and tokens combined with a secure blockchain presents an opportunity for a truly global exchange to be established.

Upcoming GMO initial coin offering (ICO)

GMO is planning to raise up to US$10 million through an ICO to build GMDEX.

To find out more

Contact the Fiscus Capital Pty Ltd office on +61 3 8613 8844.

Fri, 23 Mar 2018 12:11:00 +1100
<![CDATA[News - KRC, IGE, NUH, FYI and 9SP top performers from last week ]]> King River Copper Ltd (ASX:KRC) finished last week up 78% at 12.5 cents after opening the week at 7 cents.

READ: King River Copper share rally could also result in a cash injection

Other companies with strong returns last week included Integrated Green Energy Solutions Ltd (ASX:IGE), up 52%.

Nuheara Ltd (ASX:NUH) was up 48%.

Potash and kaolin resource developer, FYI Resources Ltd (ASX:FYI) finished the week up 36%.

READ: 9 Spokes signs contract with Bank of New Zealand, hits revenue guidance

Finally, 9 Spokes International Ltd (ASX:9SP) finished last week up 46%.

9 Spokes provides online dashboards for its clients, and last week signed a contract with the Bank of New Zealand (BNZ).

Dashboards collect all of a business’s data so it is in one place, in order to be analysed.

The company receives implementation fees on top of recurring licence fees to each channel as it is deployed.

Mon, 19 Mar 2018 08:36:00 +1100
<![CDATA[News - McGrath updates market with lower earnings guidance for FY18 ]]> McGrath Ltd (ASX:MEA) expects to generate underlying EBITDA for the June 2018 financial year in the range of $5.0 million to $5.5 million.

The share price is largely unchanged, down 0.5 cents to $0.425, albeit on low volume ($30,000 shares traded at around midday).

During January 2018, McGrath told the market its FY18 EBITDA was expected to be in the range of $5.8 million to $6.8 million after one-off items.

Reduced sales volumes to blame

Management has said the impact of reduced sales volumes has affected the company more significantly than the prior forecast contemplated. 

McGrath is a real estate services business, offering agency sales, property management, mortgage broking and career training services.

The company has 95 offices located throughout the east coast of Australia.

Share price has halved over recent months

Priced at $0.425, shares in McGrath are trading at nearly half the price of where they were in September 2017 ($0.81).

This is a long way below where the company started trading on the ASX after a $2.10 initial public offering (IPO) in December 2015.

Founder John McGrath gambling debt allegations

Recent negative sentiment resulting from the $25.5 million loss in the December half was further exacerbated by recent allegations that company founder John McGrath has a $16 million gambling debt.

Since the allegations surfaced, McGrath has written a letter to the ASX denying the claims.

Mon, 12 Mar 2018 12:48:00 +1100
<![CDATA[News - Argosy Minerals, Xanadu Mines, Metro Mining and Danakali promoted into S&P/ASX All Ordinaries ]]> Standard & Poor's have today made their changes to the S&P/ASX indices, effective at the open of trading on March 19, 2018 as a result of the March quarterly review.

At this rebalance, the entire S&P/ASX index hierarchy is reviewed, including the All Ordinaries (XAO).

South32 replaces QBE in the S&P/ASX 20

Resources company, South32 Limited (ASX:S32) has replaced insurer QBE INSURANCE GROUP LIMITED (ASX:QBE).

This marked the only change at the larger end of the Australian market as there were no changes to the S&P/ASX 50.

Fairfax Media bows out of the S&P/ASX 100

There were two new additions to the S&P/ASX 100 in Cleanaway Waste Management (ASX:CWY) and Xero (ASX:XRO) which means there were also two removals from the index.

In this case, rapidly shrinking Fairfax Media (ASX:FXJ) and troubled telecommunications company Vocus Group (ASX:VOC) were removed from the index.

Explorers entering the All Ordinaries

A number of ASX mineral explorers and developers have entered the S&P/ASX All Ordinaries.

Lithium brine project developer, Argosy Minerals (ASX:AGY) and copper-gold explorer Xanadu Mines (ASX:XAM) were both promoted.

As were Queensland bauxite miner Metro Mining (ASX:MMI) and Potash project developer Danakali (ASX:DNK).

Fri, 09 Mar 2018 09:32:00 +1100
<![CDATA[News - Jupiter Mines: Former BHP chief looks to re-list manganese business after four years away from the market spotlight ]]> More details have emerged regarding the proposed re-float of former BHP Billiton (ASX:BHP) chief Brian Gilbertson’s Jupiter Mines.

According to the Western Australian newspaper, the group has hired Perth-based broker Harleys to test the market.

The plan reportedly is to raise $200 million at 40 cents a share. This would value the miner at $780 million. 

Main asset in South Africa

The company’s main asset is a 49% stake in the Tshipi manganese deposit in South Africa.

It also owns the Central Yilgarn iron ore project 110km north-west of Menzies, which includes the Mt Mason hematite and the Mt Ida magnetite operations.

Jupiter’s shares stopped trading on the ASX in January 2014 after its main shareholders, led by Gilbertson’s business Pallinghurst, decided the natural resources group wasn’t being fairly valued amid the downturn.

As the Australian Financial Review pointed out in an article late last year this turned out to be a prescient move, with manganese prices continuing to slide until early 2016 before supply curtailments sparked a strong recovery in prices.

Investors rewarded

Since then Jupiter has tripled manganese production to around 3 million tonnes, allowing $100 million to be returned to investors.

On a visit to Sydney last year, the miner’s chief executive, Priyank Thapliyal, told the AFR: "It is good to give a lot of profit back to the shareholders as buybacks or dividends but you also want to give them an option to trade in and out of the company … the listing will give them that currency.

"I would hope that they will still hold onto their shares because we will try to make this company bigger and better by buying into other projects." 

Fri, 09 Mar 2018 08:48:00 +1100
<![CDATA[News - S&P/ASX 200 - market closes on a high; trade dominates ]]> The S&P/ASX 200 ended the session in positive territory but off its session high on a day dominated by foreign trade as the index ended up 35.10 at 5,937.10.

Foremost still in minds of market participants was the looming trade war potentially being initiated by Donald Trump via his tariff program.

There was some relief as the White House appeared to suggest that some nations may be exempt from surcharges. 

Aussie extractors and exporters of raw materials will be hoping that Trump delivers on a previous pledge to keep the country out of what is essentially a war on the makers of cheap and state-subsidised steel and aluminium.

Australia appears to be performing well on the world stage. The trade surplus was $1.1 billion in January compared with a consensus figure of $160 million, with exports up 4% and imports down 2%.

China's exports, meanwhile, surged at their fastest pace in three years in February, suggesting its economic growth remains resilient even as trade relations with the United States rapidly deteriorate. 

They rose just under 45% against forecasts of a far more pedestrian 13.6% and against an 11% gain in January.

Turning to the stock market, financial stocks were in demand, while miners were still unsettled by the Trump tariff plans.

Among the (smaller) growth stocks, Immuron Limited’s (ASX:IMC) shares surged almost 60% after its lead drug for liver inflammation performed well in a phase II clinical trial.

Not far behind with a gain of 40% was Blackham Resources Limited (ASX:BLK).

The shares surged after a record month for its Matilda-Wiluna gold operation - one in which output increased and costs were significantly reduced, resulting in strong cash flows.

12:30pm: Dollar up on trade figures

The Aussie dollar received a boost after better than expected trade figures.

The trade surplus was $1.1 billion in January compared with a consensus figure of $160 million, with exports up 4% and imports down 2%.

The Australian dollar was up 1 cent at midday to 78.26 cents against its American counterpart.

S&P/ASX 200 was up 28 points at 5,930.1 as worries about US trade tariffs abated a little.

10:30am: Market opens in positive territory

The S&P/ASX 200 opened the session in positive territory with the banks rebounding as the prospect of an all out trade war abated.

The index advanced just under 30 points to 5,931.80. On Wall Street, the share markets ended down, but well off their session lows amid reports America might possibly agree special dispensations from its tariff plans.

The Australian authorities, which thought they had such an exemption, will be hoping they receive a so-called ‘carve-out’.

Even so there was a degree of nervousness around the miners with BHP, South32 and Newcrest on offer early on.

Biggest gains on the ASX200 today: $GMA up 4%, $SWM up 4%, $MIN up 3.7%, $WTC up 3.5%, $VOC up 3.4% #ausbiz

— CommSec (@CommSec) March 7, 2018 Preview: Positive start expected 

The S&P/ASX 200 (ASX:XJO) is expected to defy negative sentiment in the US to open stronger on Thursday morning.

The SPI Futures contract is indicating the index will open 24 points higher at 5,921 points.

Cohn's departure rocks US markets

The resignation of President Trump’s top economic adviser and supporter of tax reforms, Gary Cohn, has been seen as a negative development.

It Is also pertinent that he was opposed to the Trump’s decision to introduce trade tariffs.

The NASDAQ (INDEXNASDAQ:IXIC) rose 0.3% to 7396 points as IT stocks tended to buck the trend.

Dow Jones (INDEXDJX:DJI) closed 0.3% lower at 24,801 points, dragged down by political ructions US.

US close:
Recovery in last 3hrs of trade
DOW -82pt
NAS +24pt#Gold -$7.6 to US$1,327/oz#Oil -2.3% US$61.15/bl#ironore US$75.20/t
SPI +22pts

— CommSec (@CommSec) March 7, 2018 Commodities weaker

Oil fell 2%, closing at US$61.39 per barrel.

All base metals lost ground, but copper was fairly resilient.

Trade data under the microscope

On a day in which there is very little economic news on the horizon, the release of trade figures for both Australia and China is likely to be front and centre.

The Australian dollar was flat, fetching US$0.78.

Thu, 08 Mar 2018 07:54:00 +1100
<![CDATA[News - S&P/ASX 200 closes down 1% as uncertainty remains in global markets ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) closed down 1.0%, just above its lows, as Asian markets reacted to Trump's top economic advisor resigning.

Will be making a decision soon on the appointment of new Chief Economic Advisor. Many people wanting the job - will choose wisely!

— Donald J. Trump (@realDonaldTrump) March 7, 2018 4.10pm: ASX 200 closes down 1.0%

The ASX 200 closed down 60.4 points or 1.1% lower to 5,902.0.

While the quarterly GDP today number was slightly lower than expected, it still marks Australia's record 27th year without a recession.

[VIDEO] Economic Growth 7 Mar 18: The record economic expansion is now in its 27th year. The Australian economy grew by 0.4% in the Dec quarter after growing 0.7% in the Sept quarter. Annual economic growth eased from 2.9% to 2.4% #ausbiz #ausecon

— CommSec (@CommSec) March 7, 2018 3.17pm: ASX 200 down 1.1%

The ASX 200 is down 63.2 points or 1.1% lower to 5,899.2.

Every sector of the market is underperforming with Consumer Staples sector the worst off, down 1.7%.

The release of Australia's GDP data this afternoon confirmed growth of 0.4% over the December quarter, slightly below the consensus forecast of 0.5%.

[VIDEO] Mid-Session 7 Mar 18: After posting its second best improvement of the year on Tuesday, the Aussie market is down heavily at lunch. The ASX 200 is slumping by 0.9% while GDP data fell a touch short of market forecasts #ausbiz

— CommSec (@CommSec) March 7, 2018 11.10am: ASX 200 down 0.9%

The ASX 200 is down 54.3 points or 0.9% lower to 5,908.1.

Volatility has rushed back into global markets earlier this morning as Gary Cohn, Trump's top economic advisor resigned just before the Australian market opened.

BREAKING: S&P 500 SPDR ETF tumbles 1% on news that top Trump economic aide Gary Cohn has resigned

— CNBC (@CNBC) March 6, 2018 Pre-market wrap: S&P/ASX 200 set for a subdued start with trade worries still weighing on the market

The SPI Futures contract is indicating the Australian market will open three points higher at 5,957.

The talk in the market once again was of Donald Trump’s trade tariff program, which Goldman Sachs has dubbed as Draconian.

The bank’s head of commodities, Jeffrey Currie, reckoned the president’s team should have taken a targeted approach to the exporting nations and metal imports it wants to clamp down on.

“US allies produce many of the value-added steels that current US capacity cannot fully replace without substantial increase in investment. … As a result, the US will end up simply paying the tariffs on the higher quality imported metal from US allies even if the amount was at or under the quota,” he is quoted on CNBC saying.

On the foreign exchange markets, the Australian dollar nudged up 0.7% against its US counterpart to 78.20 cents as nerves steadied amid worries over a looming trade war.

The potential market mover is the fourth-quarter GDP figure at 11.30am. Gareth Aird, senior economist at the Commonwealth Bank, is predicting the Australian economy will have grown 0.4% in the three months under review.

Australia: Q4 GDP likely to print 0.5% figure - Nomura: Andrew Ticehurst, Research Analyst…

— Forex Warrior (@Forex_warrior) March 6, 2018 ]]>
Wed, 07 Mar 2018 09:00:00 +1100
<![CDATA[News - S&P/ASX 200 closes down 0.6%, all eyes on the US open tonight ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) has finished Monday lower marking the fourth consecutive day of losses for the Australian market.

4.10pm: ASX 200 closes down 0.6%

The ASX 200 has closed down 0.6% or 33.9 points lower to 5,895.0.

[VIDEO] Market Close 5 Mar 18: The ASX 200 fell for a fourth session as investors react to the tariffs the Trump Administration will apply to aluminium and steel imports #ausbiz

— CommSec (@CommSec) March 5, 2018 12.29pm: ASX 200 down 0.4%

The ASX 200 is down 0.4% or 21.5 points to 5,907.4.

Top performing stocks through the morning session include Myer Holdings Ltd (ASX:MYR), up 13.75%, rare earth producer Lynas Corporation Ltd (ASX:LYC), up 6.2%, and coal producer Whitehaven Coal Ltd (ASX:WHC), up 5.2%.

Mid-Session 5 Mar 18: ASX 200 retreats for a fourth session

— CommSec (@CommSec) March 5, 2018 10.21am: ASX 200 down 0.2%

The ASX 200 has opened down 0.2% or 12 points lower to 5,916.9.

Resources stocks leveraged to iron ore such as BHP Billiton Limited (ASX:BHP), Rio Tinto Limited (ASX:RIO) and Fortescue Metals Group Limited (ASX:FMG) are all down around 1% due to a retracement in the iron price.

Pre-market wrap: S&P/ASX 200 futures pointing to a flat start pre-market

The Dow Jones (INDEXDJX:DJI) closed down 71 points or 0.29% to 24,538 on Friday.

It was a wild week for markets! The Dow recovered most of today’s losses, but it’s still down more than 3% for the week. Recap the trading day action with @WilfredFrost

— CNBC's Closing Bell (@CNBCClosingBell) March 2, 2018

The AUDUSD is unchanged over the past 24 hours to 0.7763.

Gold bounced US$18.50 or 1.42% to US$1,323 while WTI Crude Oil was also up 0.79% to US$61.47 per barrel.

Catch up on the biggest news, interviews, and events on @CNBC with the #RapidRecap!

— CNBC's Closing Bell (@CNBCClosingBell) March 2, 2018 Upcoming economic data: Monthly building approvals and inflation

At 11.00am AEST the Melbourne Institute will release their monthly inflation gauge data.

It measures the change in the price of goods and services purchased by consumers.

This data provides a monthly look at consumer inflation and is designed to mimic the quarterly government-released CPI data.

At 11.30am AEST the Australian Bureau of Statistics (ABS) will release its monthly building approvals data.

This is seen as a good gauge of future construction activity because obtaining government approval is among the first steps in constructing a new building.

The ABS will also release the quarterly company operating profits data point at 11.30am AEST which is seen as a leading indicator of economic health.

[REPORT] This coming week - Economic growth, building approvals, and retail trade all being released. Overseas spotlight is on the Italian election, US jobs and Chinese inflation data #ausbiz #ausecon

— CommSec (@CommSec) March 4, 2018 ]]>
Mon, 05 Mar 2018 08:18:00 +1100
<![CDATA[News - S&P/ASX 200 regathers some losses to finish the day 0.7% lower, eyes on US tonight ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) closed lower today marking its third consecutive down day.

4.10pm: ASX 200 closes down 0.7%

The ASX 200 has finished the week by closing down 44.4 points or 0.7% lower to 5,928.9.

After five consecutive days of gains, the past three days have all posted losses.

The Utilities and Financials sectors ended the day as the most resilient sectors, lower by 0.31% and 0.46% respectively.

[TABLE] ASX 200 ends with a loss of 44 points or 0.74% on Friday every ASX sector lower led by Telecoms and I.T #ausbiz Iress

— CommSec (@CommSec) March 2, 2018 12.48pm: ASX 200 down 0.9%

The ASX 200 is down 53.8 points or 0.9%  to 5,919.5.

All sectors of the Australian market are in the red with IT underperforming the most down 1.44% and Utilities the most resilient sector, down 0.61%.

The best performing large-cap stocks through the morning session are Spark New Zealand Ltd (ASX:SPK), Newcrest Mining Limited (ASX:NCM) and BlueScope Steel Limited (ASX:BSL).

[VIDEO] Mid-Session 2 Mar 18: Local stocks are losing ground at lunch following a weak lead from Wall Street last night. Comments by President Trump relating to US steel and aluminium import tariffs has put markets in an edgy mood #ausbiz

— CommSec (@CommSec) March 2, 2018 10.53am: ASX 200 down 0.7%

The ASX 200 is down 39.1 points or 0.7%  to 5,934.2.

VIDEO: US Close 2 Mar 18 : Steel and Aluminium tariff news bites markets.

— CommSec (@CommSec) March 1, 2018 Pre-market wrap: S&P/ASX 200 set to open lower again as Trump tariff comments rattle US markets

The Dow Jones (INDEXDJX:DJI) closed down 420 points or 1.68% to 24,609.

The AUDUSD was unchanged over the past 24 hours to 0.7761.

Gold was also unchanged at US$1,319 while WTI Crude Oil was up slightly to US$61.20 per barrel.

Trump rattles markets with tariff comments

US markets sold off and the USD rallied overnight as President Donald Trump said the US would impose tariffs on steel and aluminium imports next week.

The idea of the tariff on imports is to protect US companies by stimulating domestic steel and aluminium production.

However, by discouraging importing China’s cheaper steel and aluminium, costs would likely rise for industries that consume the products.

Upcoming economic data: Monthly new home sales

The Housing Industry Association (HIA) is expected to release its monthly data for new home sales today.

It measures the change in the number of newly constructed homes sold.

It's a leading indicator of economic health because the sale of a new home triggers a wide-reaching ripple effect.

For example, furniture and appliances are purchased for the home, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction.

Yesterday, data released by CoreLogic showed that home prices across Australia's major cities fell for a fifth straight month in February.

CoreLogic's index of home prices for the combined capital cities fell 0.3% in February adding to the 0.5% fall in January.

After a slew of economic data results in the US this week, there is only the revised University of Michigan’s consumer sentiment estimate left tonight.

Fri, 02 Mar 2018 08:08:00 +1100
<![CDATA[News - S&P/ASX 200 closes down 0.7%, Australian city homes fall for fifth straight month ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) has closed back under the 6,000-point level.

4.10pm: ASX closes down 0.7%

The ASX 200 closed down 42.7 points or 0.7% lower at 5,973.3.

Energy (-2.17%) and Utilities (-1.64%) were the worst performing sectors on the market today.

Mid-cap software designer Altium (ASX:ALU) was one of the better performers, up 2.9% alongside small-cap resources stock GWR Group Ltd (ASX:GWR) which was up 52.3%.

[VIDEO] Market Close 1 Mar 18: The ASX 200 slipped by 0.7% with almost all sectors lower #ausbiz

— CommSec (@CommSec) March 1, 2018 2.44pm: ASX down 0.8%

The ASX 200 is down 0.8% or 50.2 points to 5,965.8.

The quarterly private capital expenditure data released by the ABS at 11.30am was well under consensus expectations at -0.2% (vs +1.0%), which pushed the AUD lower.


[VIDEO] Mid-Session 1 Mar 18: The ASX 200 is adding to yesterday’s losses in early trade on Thursday after US stocks remained under pressure over night. The property trusts are the only ASX sector to post an improvement #ausbiz

— CommSec (@CommSec) March 1, 2018 Australian housing prices fall for fifth straight month

Home prices across Australia's major cities fell for a fifth straight month in February.

CoreLogic's index of home prices for the combined capital cities fell 0.3% in February adding to the 0.5% fall in January.

Annual growth in prices slowed to 2.0%, down from 10.5% in mid-2017.

Sydney dropped 0.6% in February while Melbourne proved more resilient only dropping 0.1%.

10.46am: ASX down 0.7%

The ASX 200 is down 0.7% or 42.2 points to 5,973.8.

Notably, this is over 10 points above its low of 5,962.7 which the XJO hit at 10.25am.

A number of stocks go ex-dividend today including Bendigo and Adelaide Bank Ltd (ASX:BEN), Fortescue Metals Group Limited (ASX:FMG), Rio Tinto Limited (ASX:RIO) and Woolworths Group Ltd (ASX:WOW).

Ex-dividend stocks today incl:
- $WOW ($0.43/share)
- $RIO ($2.28)
- $FMG ($0.11)
- $BEN ($0.35)
- $HSO ($0.032)
- $BBN ($0.028)
- $REA ($0.47)
- $SKC ($0.092)
- $GMA ($0.12)
- $NHF ($0.09)
- $EHE ($0.078)#ausbiz

— CommSec (@CommSec) February 28, 2018 Pre-market wrap: ASX 200 set to open lower as US finishes in the red overnight

The Dow Jones (INDEXDJX:DJI) closed down 380 points or 1.50% to 25,029.

The AUDUSD is largely unchanged, down 0.2% over the past 24 hours to 0.7769.

Gold was unchanged at US$1,319 while WTI Crude Oil was down again, off 2.21%, to US$61.62 per barrel.

VIDEO: US Close 1 Mar 18: Dow off 381pts, S&P down 1.1%

— CommSec (@CommSec) February 28, 2018 Upcoming economic data: Quarterly private capital expenditure

At 11.30am AEST the Australian Bureau of Statistics (ABS) will release the quarterly data for private capital expenditure (consensus forecast: 1.0%).

It measures the change in the total inflation-adjusted value of new capital expenditures made by private businesses.

It's a leading indicator of economic health - businesses are quickly affected by market conditions, and changes in their investment levels can be an early signal of future economic activity such as hiring, spending, and earnings.

Other data points include the AIG manufacturing index at 9.30am AEST and China’s Caixin manufacturing PMI at 12.45pm AEST.

Reporting season over: Stocks outperforming in 2018

With February over, ASX reporting season also concludes.

Year to date, some of the best performing stocks on the ASX include:

• Yancoal Australia Ltd (ASX:YAL) up 28%
• Flight Centre Travel Group Ltd (ASX:FLT) up 30%
• Seven Group Holdings Ltd (ASX:SVW) up 19%
• Corporate Travel Management Ltd (ASX:CTD) up 21%
• Altium Limited (ASX:ALU) up 57%
• Bellamy's Australia Ltd (ASX:BAL) up 75%
• Sirtex Medical Limited (ASX:SRX) up 66%
• Afterpay Touch Group Ltd (ASX:APT) up 19%
• Lovisa Holdings Ltd (ASX:LOV) up 32%
• Ltd (ASX:KGN) up 35%

Miners BHP Billiton Limited (ASX:BHP) and Rio Tinto Limited (ASX:RIO) have been the best performing of the ASX heavyweights, up 2.0% and 2.7% respectively.

Thu, 01 Mar 2018 08:52:00 +1100
<![CDATA[News - S&P/ASX 200 closes down 0.7% after 5-day winning run ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) has closed today just above its low for the day of 6,012.6 ending the index's winning streak.

4.10pm: ASX 200 down 0.7%

The ASX 200 closed down 0.7% or 40.9 lower at 6,016.0.

The Utilities sector proved to be the most resilient part of the market, finishing up 1.12% for the day.

Conversely, Telcos were the worst performing sector, down 2.60% on the day.

[VIDEO] Market Close 28 Feb 18: The Australian sharemarket fell by 0.7% on Wednesday partly due to worries US interest rates might lift faster than expected this year and some disappointing economic news in China #ausbiz

— CommSec (@CommSec) February 28, 2018 12.38pm: ASX 200 down 0.4%

The ASX 200 is down 0.4% or 26.1 points to 6,030.8.

China's scheduled manufacturing PMI data came in weaker than expected at 50.3 (consensus forecast: 51.2).

Many of today's companies reporting have underwhelmed investors including Adelaide Brighton (-6.2%), Bubs Australia (-3.2%), Ramsay Healthcare (-4.9%), Harvey Norman (-14.9%) and GetSwift (-11.0%).

[VIDEO] Mid-Session 28 Feb 18: The Aussie sharemarket is under pressure following substantial falls for US markets overnight. US shares down 1.2% overnight and long-term interest rates higher. #ausbiz

— CommSec (@CommSec) February 28, 2018 11.49am: ASX 200 down 0.3%

The ASX 200 is down 0.3% or 20.5 points to 6,036.4.

The monthly private sector credit data came in slightly softer than forecast at 0.3% (consensus forecast: 0.4%).

Private Sector Credit January
Credit +0.3% to be +4.9% on year
Housing +0.5% to be up 6.2% on year
Personal -0.1% to be down 0.9% on year
Business -0.5% to be up 3.4% on year#ausbiz #ausecon #rba

— CommSec (@CommSec) February 28, 2018 10.23am: ASX 200 down 0.3%

The ASX 200 is down 0.3% or 17.1 points to 6,039.8.

Pre-market wrap: S&P/ASX 200 set to break its winning streak as US rate hike concerns rise

The ASX 200 is unlikely to have a sixth consecutive day in the black with futures pointing to a lower start.

The Dow Jones (INDEXDJX:DJI) gave back some of its recent gains last night, down 300 points or 1.17% to 25,409.

US markets were pushed lower after Federal Reserve Chairman Jerome Powell highlighted the strengthening economy during his testimony in front of lawmakers.

Powell’s comments appeared to turn investors cautious as they considered the possibility of faster pace of rate increases.

VIDEO: US Close 28 Feb 18: Markets eased on rate fears and higher US dollar #ausbiz

— CommSec (@CommSec) February 27, 2018

The AUDUSD is lower by 0.9% over the past 24 hours to 0.7783.

Gold was down over 1% or US$13.70 to US$1,319 while WTI Crude Oil gave up some of its recent gains, down 1.60%, to US$62.89 per barrel.

Last day of reporting season: ABC, BUB, AC8, RHC, MQA, HVN and GSW

Companies of note reporting results today include:

• Adelaide Brighton Ltd. (ASX:ABC);
• Bubs Australia Limited (ASX:BUB);
• Auscann Group Holdings Limited (ASX:AC8)
• Ramsay Health Care Limited (ASX:RHC)
• Macquarie Atlas Roads (ASX:MQA);
• Harvey Norman Holdings Limited (ASX:HVN); and
• GetSwift Ltd (ASX:GSW).

Upcoming economic data: monthly private sector credit, US GDP tonight

At 11.30am AEST the Reserve Bank of Australia (RBA) will release the monthly data for private sector credit.

It measures the change in the total value of new credit issued to consumers and businesses.

Borrowing and spending are positively correlated, consumers and businesses tend to seek credit when they are confident in their future financial position and feel comfortable spending money.

This will be followed at midday by the Chinese manufacturing and non-manufacturing PMI data.

Important data points being released in the US tonight include preliminary quarterly GDP and crude oil inventories.

Wed, 28 Feb 2018 08:42:00 +1100
<![CDATA[News - S&P/ASX 200 gives back morning gains but closes higher for 5th consecutive day ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) steadily trended downward into the close from its intra-day high at 12.49pm of 6,083 points.

4.10pm: ASX closes up 0.2%

The ASX 200 closed up 14.7 points or 0.2% to 6,056.9.

The Healthcare (+0.79%) and Financial (+0.41%) sectors led the gains today, while Telcos were the worst performing, down 0.89%.

[VIDEO] Market Close 27 Feb 18: Aussie shares rose for a fifth day and hit fresh three week highs on Tuesday despite fading from intraday highs. The ASX 200 rose by 0.25% to 6056 #ausbiz

— CommSec (@CommSec) February 27, 2018 12.00pm: ASX 200 up 0.6%

The ASX 200 is up 34.3 points or 0.6% to 6,076.5.

Fuel refiner, Caltex (ASX:CTX), found support on the market today after reporting its December half results, trading up 4.3%.

Satellite and remote communications company, Speedcast (ASX:SDA), however, has failed to appease investors with its results today, trading down 6%.

[VIDEO] Mid-Session 27 Feb 18: The ASX 200 is on track for a 5th consecutive day of gains on Tuesday. Only 2 sectors lower at lunch - Telecoms and Utilities, while solid gains for the banks are underpinning the broader improvement #ausbiz

— CommSec (@CommSec) February 27, 2018 10.19am: ASX 200 up 0.6%

The ASX 200 is up 36 points or 0.6% to 6,078.2.

Pre-market wrap: S&P/ASX 200 set for another up day as futures run higher

S&P/ASX 200 will look to continue its positive run with ASX 200 futures trading higher, signalling early gains for the ASX 200.

The Dow Jones (INDEXDJX:DJI) finished its Monday up 399 points or up 1.58% to 25,709.

VIDEO: US Close 27 Feb 18: Near 400pts gain on the Dow ahead of Powell#ausbiz

— CommSec (@CommSec) February 26, 2018

The AUDUSD is up 0.22% over the past 24 hours to 0.7855.

Gold was higher, up US$4.70 to US$1,335 and WTI Crude Oil continued higher again, up 0.74%, to US$64.03 per barrel.

AGI, CAB, CTX, and SDA report results today

Companies of note reporting results today include:

• Ainsworth Game Technology Limited (ASX:AGI);
• Cabcharge Australia Limited (ASX:CAB);
• Caltex Australia Limited (ASX:CTX); and
• Speedcast International Ltd (ASX:SDA).

Upcoming economic data: No data today but US data tonight

Again there is no significant economic data set to be released in Australia today but eyes will be on the US tonight.

Just after midnight at 12:30am AEST the monthly US core durable goods orders data will be released.

It measures the change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items.

It's a leading indicator of production and rising purchase orders signal that manufacturers will increase activity as they work to fill the orders.

The consensus forecast is 0.4%.

Tue, 27 Feb 2018 08:28:00 +1100
<![CDATA[News - S&P/ASX 200 closes on its high for the day, up 0.7% ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) has closed on its high for the day and signficantly, above the 6,000-point level.

4.10pm: ASX 200 closes up 0.7%

The ASX 200 closed up 42.4 points or 0.7% to 6,042.2.

1.05pm: ASX 200 up 0.4%

The ASX 200 is up 26.9 points or 0.4% to 6,026.7.

[VIDEO] Mid-Session: #ASX200 starts the week higher & back above 6000pts #ausbiz

— CommSec (@CommSec) February 26, 2018

The Telco, Financial and Energy sectors are performing the strongest so far today.

BlueScope Steel (ASX:BSL) has been one of the biggest gainers today in the large-cap space after investors have supported the company's earnings result.

Conversely, QBE Insurance (ASX:QBE) has been sold off due to a weaker than expected result today.

10.55am: ASX 200 up 0.5%

The ASX 200 is up 0.5% or 32.3 points to 6,032.1.

Pre-market wrap: S&P/ASX 200 prepares for final week of reporting season

S&P/ASX 200 begins its fourth and final week of February reporting season today.

The Dow Jones (INDEXDJX:DJI) finished its week last Friday very positively, up 1.39% to 25,310.

AM Report 26 Feb 18: Another big rally in the US on Friday
Friday DOW +347.5pt, NAS +127pt

— CommSec (@CommSec) February 25, 2018

The AUDUSD is unchanged over the past 24 hours at 0.7838.

Gold was also largely flat, down US$2.20 to US$1,330 while WTI Crude Oil put on 1.29%, creeping higher to US$63.58 per barrel.


Companies of note reporting results today include:

• QBE Insurance Group Ltd (ASX:QBE);
• Spark Infrastructure Group (ASX:SKI);
• Reliance Worldwide Corporation Ltd (ASX:RWC);
• BlueScope Steel Limited (ASX:BSL); and
• G8 Education Ltd (ASX:GEM).

Reporting season via @Y7Finance

— CommSec (@CommSec) February 25, 2018 Upcoming economic data: No data today but US data tonight

There is no significant economic data being released today in Australia however there are a number of US data points tonight.

Investor Signposts - what to watch on the economic calendar this week : Business investment and home prices in focus

— CommSec (@CommSec) February 25, 2018

At 2.00am AEST tonight the monthly new homes sales data in the US will be released.

It measures the annualised number of new single-family homes that were sold during the previous month.

It's a leading indicator of economic health because the sale of a new home triggers a wide-reaching ripple effect.

Mon, 26 Feb 2018 08:40:00 +1100
<![CDATA[News - S&P/ASX 200 ends the week on a high, closes up 0.8% on Friday ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) closed only 0.2 points shy of the 6,000 market rounding out its strongest day of trade this week.

4.10pm: ASX 200 closes up 0.8%

The ASX 200 closed up 48.9 points or 0.8% to 5,999.8.

The market turbulence earlier this month saw the ASX 200 fall from 6,121.4 on 2 February down to as low as 5786.8 on 9 February.

Today's close at 5,999.8 means we have regained 63.7% of those losses. 

Chartists that follow Fibonacci patterns know that 61.7% is a key level of either resistance or support.

12.34pm: ASX 200 up 0.6%

The ASX 200 is trading up 0.6% or 35.6 points higher to 5,986.5.

The high for the day so far came just after midday at 5,998.9.

Investors are cheering results today from MYX (+6%), AGO (+4%), REG (+6%) and NXT (+17%). 

[VIDEO] Mid-Session 23 Feb 18: Buyers pushed the ASX 200 higher by 0.5% at lunchtime helped by gains for bank, mining and energy stocks #ausbiz

— CommSec (@CommSec) February 23, 2018 10.12am: ASX 200 up 0.4%

The ASX 200 is trading up 0.4% or 25.8 points to 5,976.7.

Pre-market wrap: S&P/ASX 200 set to open higher, US closes in the black

The ASX 200 was set to open higher this morning as the ASX 200 futures were trading ~30 points higher than where they were at yesterday’s close.

The Dow Jones (INDEXDJX:DJI) finished higher on Wednesday (last night) up 0.66% to 25,962.

The AUDUSD is up 0.51% to 0.7844.

Gold remained largely flat over the past 24 hours of trade US$1,332 while WTI Crude Oil put on 1.65% to US$62.70 per barrel.

ORE, PLS, MYX, AGO, REG, NXT and WOW report today

Companies of note reporting results today include:

• Orocobre Limited (ASX:ORE);
• Pilbara Minerals Ltd (ASX:PLS);
• Mayne Pharma Group Ltd (ASX:MYX);
• Atlas Iron Limited (ASX:AGO);
• Regis Healthcare Ltd (ASX:REG);
• Nextdc Ltd (ASX:NXT); and
• Woolworths Group Ltd (ASX:WOW).

Upcoming economic data: FOMC members speaking

There are no expected economic data releases of major significance today in Australia.

Tonight, three members of the Federal Open Market Committee (FOMC) are expected to speak.

Two at the United States Monetary Policy Forum, in New York and one at the at the City Club of Los Angeles.

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.

The FOMC consists of 12 members, the seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis.

Fri, 23 Feb 2018 08:30:00 +1100
<![CDATA[News - S&P/ASX 200 rallies to close up 0.2%, March VIX futures still above 19 ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) rallied from its low around 1.00pm to finish up for the day.

4.11pm: ASX 200 closes up 0.2%

The ASX 200 has closed up 10.7 points or 0.2% to 5,954.4.

The biggest large-cap contributors to gains today were Flight Centre (ASX:FLT) up 10.3%, a2 Milk (ASX:A2M) up 7.0%, Qantas (ASX:QAN) up 5.8% and Crown (ASX:CWN) up 4.4%.

12.31pm: ASX 200 down 0.2%

The ASX 200 is down 9.3 points or 0.2% to 5,934.4.

[VIDEO] Mid-Session 22 Feb 18: The ASX 200 is flat at lunch after being up by as much as 30 points in early trade after a volatile session on Wall St which saw the Dow close 166pts lower having been ahead as much as 303 points #ausbiz

— CommSec (@CommSec) February 22, 2018

The most underperforming sector by some margin today is Utilities, down 2.3%, which is being dragged down by AGL Energy Ltd (ASX:AGL), down 4.3% as it trades ex-dividend.

The CBOE Volatility Index futures are back above 19 for the first time in a week, which could be creating some unease.

10.21am: ASX 200 up 0.3%

The ASX 200 is up 18 points or 0.3% to 5,961.

All of the companies reporting noted below are trading positively except BAL which is down 7.7%.

The biggest gainers of the below companies reporting are FLT, up 12%, and WEB up 16%.

Pre-market wrap: S&P/ASX 200 set for uncertain open as volatility rears its head again

The Dow Jones Industrial Index (INDEXDJX:DJI) finished lower on Wednesday (last night), down 0.67% or 167 points to 24,797.

The Dow was up nearly 300 points at 2.25pm EST but gave it all back and more going into the close.

VIDEO: US Close 22 Feb 18: Strong selldown at the close on rate fears.

— CommSec (@CommSec) February 21, 2018

The AUDUSD is off 0.98% to 0.7806.

Gold continues to give back recent gains, down US$5.00 to US$1,326.20 and WTI Crude Oil is trading at US$61.11 per barrel.

BAL, FLT, QAN, RFG, ORE, OZL and WEB report today

Companies of note reporting results today include:

• Bellamy's Australia Ltd (ASX:BAL);
• Flight Centre Travel Group Ltd (ASX:FLT);
• Qantas Airways Limited (ASX:QAN);
• Retail Food Group Limited (ASX:RFG);
• Orocobre Limited (ASX:ORE);
• OZ Minerals Limited (ASX:OZL); and
• Webjet Limited (ASX:WEB).

Upcoming economic data: Just US data tonight

The focus on economic data will start after-market Australia time when Federal Reserve Governor Randal Quarles is due to deliver a speech in Japan at 4.15pm AEST.

The speech is titled "10 years after the Global Financial Crisis: How has the world economy changed and where will it go?" and will be presented at the International Financial Symposium, in Tokyo.

US unemployment claims (estimate: 230,000) and crude oil inventories data will be released late tonight that have potential to affect markets.

Thu, 22 Feb 2018 08:13:00 +1100
<![CDATA[News - S&P/ASX 200 recovers losses to finish slightly up, A2M up 29% ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) has recovered early losses to close slightly higher today.

4.11pm: ASX 200 flat

The ASX 200 has finished up 2.8 points to 5,943.7 points.

Gains in the Consumer Staples sector, +3.38%, more than offset losses in the Materials sector, -2.25%.

Investor's attention will return to what happens in the US tonight as the recent market volatility movements remain fresh in investor's minds.

[VIDEO] Market Close 21 Feb 18: Local shares did well to recover from a slow start, with the ASX 200 ending the day 2.8pts or 0.05 per cent firmer #ausbiz

— CommSec (@CommSec) February 21, 2018 3.01pm: ASX 200 up 0.1%

The ASX 200 is up 0.1% or 5 points, currently trading at 5,945.6.

The XJO hit a high of 5,955.2 just after 2.00pm and has retraced 10 points since then.

Consumer Staples is the top performing sector today, up 2.8%, supported by good results today from Wesfarmers (ASX:WES) and a2 Milk (ASX:A2M).

12.10pm: ASX 200 flat

The ASX 200 is flat, currently trading at 5,940.0.

Investors are cheering results from A2M, up 25%, SCG, up 1.5% and WES, up 3.7%.

However, FMG, down 3.6%, STO, down 2.7% and SYD, down 1.2% have failed to satisfy the market.

[CHART] Aussie dollar jumps in response to slightly higher than forecast reading on wage growth (wages price index) for Dec quarter #ausbiz Iress

— CommSec (@CommSec) February 21, 2018 10.18am: ASX 200 down 0.2%

The ASX 200 is down 8 points or 0.2% to 5,933 just after opening bell this morning.

BHP is down 4.7% as investors follow the tone that was set in the London market overnight in response to their results report.

Pre-market wrap: S&P/ASX 200 set to open lower after Dow Jones goes down 1%

Furthermore, BHP Billiton Limited (ASX:BHP) is set to drag the Australian market down today after failing to impress investors with its result yesterday after-market.

The Dow Jones (INDEXDJX:DJI) finished lower on Tuesday (last night), down 1.01% to 24,964.

VIDEO: US Close 21 Feb: DOW back below 25,000pts, gold down and Walmart off 10%

— CommSec (@CommSec) February 20, 2018

The AUDUSD is off 0.39% to 0.7882.

Gold continues to give back recent gains, down US$24.2 to US$1,332 and WTI Crude Oil is trading at US$61.62 per barrel.

A2M, FMG, SCG, SRX, STO, SYD and WES report today

Companies of note reporting results today include:

• A2 Milk Company Ltd (ASX:A2M);
• Fortescue Metals Group Limited (ASX:FMG);
• Scentre Group (ASX:SCG);
• Sirtex Medical Limited (ASX:SRX);
• Santos Ltd (ASX:STO);
• Sydney Airport Holdings Pty Ltd (ASX:SYD); and
• Wesfarmers Ltd (ASX:WES).

Upcoming economic data: Wages data

At 11.30am AEST, the ABS will release two market relevant data points, foremost, the quarterly Wage Price Index, a leading indicator of consumer inflation.

Secondly, the ABS will release the quarterly Construction Work Done, providing insight into the upcoming more important GDP data.

The expected numbers are 0.5% for the wage index and -9.8% for the construction work.

Tonight in the US there is flash manufacturing PMI and flash services PMI at 1.45am AEST, existing homes sales at 2.00am AEST, and meeting minutes from the most recent FOMC meeting are to be released.

The Federal Open Market Committee (FOMC) sets interest rates in the US so their meeting minutes can provide in-depth insights into the economic and financial conditions.

Wed, 21 Feb 2018 08:34:00 +1100
<![CDATA[News - S&P/ASX 200 regains losses to finish flat, China futures take a dive ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) has rallied back from its morning low to finish flat at 5,941.

4.10pm: ASX 200 finishes flat

The ASX 200 finished the day flat, down just 0.7 points to 5,940.9.

One of the big gainers for the day was software company Altium Limited (ASX:ALU) up 26.7% to $18.88.

2.59pm: ASX 200 down 0.1%

The ASX 200 is down 0.1% or 9 points to 5,932.

Interestingly, although China share markets are closed, their futures took a jolt at midday AEST time.

China A50 Futures lost 2% and dipped from 13,737 down to 13,476 but have since recovered some of the losses to be now down 1%.

12.46pm: ASX 200 down 0.3%

The ASX 200 is down 0.3% or 15 points to 5,926.

It has been trying to rally off the low of 5,912 it hit this morning around 11.15am.

AVJ and MND are trading positively after good results however GXL and VOC failed to impress the market.

[VIDEO] Mid-Session 20 Feb 18: ASX 200 retreats as miners respond to prospect of US tariffs #ausbiz

— CommSec (@CommSec) February 20, 2018 10.50am: ASX 200 down 0.4%

The ASX 200 is down 0.4% or 25 points to 5,916.

The worst performing sectors this morning so far are Materials, Healthcare and Telecommunications.

Pre-market wrap: S&P/ASX 200 set to open slightly lower according to futures

S&P/ASX 200 was set to open slightly lower earlier today with the ASX 200 futures down to 5,866.5, roughly 35 points lower than yesterday’s XJO close.

The Dow (INDEXDJX:DJI) didn’t trade last night due to there being a long weekend in the US.

The AUDUSD was largely unchanged at 0.7911.

Gold has continued to give back some of its recent gains, down to US$1,348.90 and WTI Crude Oil is trading up 1.35% over the past 24 hours to US$62.38 per barrel.

AVJ, GXL, NST, GEM, MND, VOC and BHP report today

Companies of note reporting results today include:

• Avjennings Ltd (ASX:AVJ);
• Greencross Limited (ASX:GXL);
• Northern Star Resources Ltd (ASX:NST);
• G8 Education Ltd (ASX:GEM);
• Monadelphous Group Limited (ASX:MND);
• Vocus Group Ltd (ASX:VOC); and
• BHP Billiton Limited (ASX:BHP).

BHP will release its result after-market this afternoon.

Upcoming economic data: RBA board meeting minutes

At 11.30am AEST, the RBA will release the minutes from its most recent monetary policy meeting.

Minutes of the monetary policy meetings of the RBA board are published two weeks after each meeting, and explain the monetary policy decision.

The board normally meets eleven times each year, on the first Tuesday of each month, except January.

Furthermore, this morning in Sydney, the RBA Assistant Governor Michele Bullock is due to speak at the Responsible Lending and Borrowing Summit.

Audience questions expected.

Investor Signposts: CommSec Senior Economist Ryan Felsman takes a look at the economic data out this week- Dec wage prices, RBA Board Minutes & US Existing Home Sales

— CommSec (@CommSec) February 18, 2018 ]]>
Tue, 20 Feb 2018 08:06:00 +1100
<![CDATA[News - S&P/ASX 200 gives back some gains but still finishes up 0.6% ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) has given back some of its gains but has still finished strongly closing up 0.6% or 37 points higher to 5,941.

4.10pm: ASX200 closes up 0.6%

The ASX200 closed slightly down from its high for the day of 5,949.6.

Healthcare, Industrials and Utilities were the top performing sectors today while Energy was the only sector that performed negatively.

Notably, BHP Billiton Limited (ASX:BHP) will be reporting after market tomorrow.

There will be no trading in the US tonight as it is a long weekend.

3.06pm: ASX200 up 0.8%

The ASX200 continues to track higher this afternoon, currently trading at its highs for the day.

A notable change has been the well-received earnings reports today.

The majority of the companies that reported earnings today are trading positively suggesting investors are supportive of their reported performance during the December half.

12.23pm: ASX200 up 0.5%

The ASX200 put on 45 points this morning reaching the day's high just before midday.

[VIDEO] Mid-Session 19 Feb 18: Local sharemarket off to a better start despite losses from resource stocks #ausbiz

— CommSec (@CommSec) February 19, 2018

Biggest gainers include BlueScope Steel Limited (ASX:BPT) up 8.3% and Primary Health Care Limited (ASX:PRY) up 4.6%.

Biggest decliners include InvoCare Limited (ASX:IVC) down 7.4% and Woodside Petroleum Limited (ASX:WPL) down 7.5%.

10.41am: ASX200 up 0.1%

The market is being supported by the utilities sector, up 1.6%.

Conversely, the energy sector is down 1.3% largely due to Woodside Petroleum Limited (ASX:WPL) being down 7%.

Investors have supported results from DHG, HLO, NHF and SEK all up over 1%.

IVC is the biggest underperformer today, down 8% after releasing its result.

Pre-market wrap: S&P/ASX 200 set to open lower coming off a strong week

The ASX200 was set to open lower as ASX200 futures traded down 0.55% to 5,848.

The Dow Jones Industrial Average (INDEXDJX:DJI) finished flat on Friday, up 0.08% to 25,219 but ended what was a very strong week of gains.

The S&P 500's best week since January 2013. Nasdaq's best week since December 2011. The Dow's biggest weekly gain since November 2016. Here's a recap of all the action w/ @BillGriffeth

— CNBC's Closing Bell (@CNBCClosingBell) February 16, 2018

The AUDUSD is off 0.49% to 0.7905.

Gold has given back some of its recent gains, down to US$1,349.70 and WTI Crude Oil is trading at US$61.55 per barrel.

ALU, BXB, CQR, DHG, HLO, IVC, NHF, SEK report today

The third week of February reporting season kicks off today.

Companies of note reporting results today include:

• Altium Limited (ASX:ALU);
• Brambles Limited (ASX:BXB);
• Charter Hall Retail REIT (ASX:CQR);
• Domain Holdings Australia Ltd (ASX:DHG);
• Helloworld Travel Ltd (ASX:HLO);
• InvoCare Limited (ASX:IVC);
• NIB Holdings Limited (ASX:NHF); and
• SEEK Limited (ASX:SEK).

Mon, 19 Feb 2018 08:38:00 +1100
<![CDATA[News - S&P/ASX 200 loses early gains to close 5 points down ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) remained mostly unchanged on Friday, closing -0.08% down at 5904, held back by falls in the financial, materials and energy sectors.

4.10pm: Australian dollar strengthens

The Australian dollar hovered near two-week highs on Friday, helped by a positive outlook for global growth. The greenback continued its downward spiral.

Citi upped its average gold price forecasts for 2018 by around 7% to US$1355 an ounce.

Whitehaven Coal (ASX:WHC) shares dropped 4.5% to $4.45 after the miner downgraded its full year production guidance.

[VIDEO] Market Close 16 Feb 18: The Aussie market failed to make its three gains this week, with the ASX 200 easing by 0.08% #ausbiz

— CommSec (@CommSec) February 16, 2018 2.20pm: ASX200 up 0.1%

The ASX200 is up 5.5 points or 0.1% to 5,914.5 after retreating from its morning high of 5,938.1

After showing strength over the last week, it is the resources sector weighing down the market, down 0.61%.

Healthcare stocks managed to offset some of the losses, with Medibank's (ASX:MPL) half-year profit increasing 5.9% to $245.6 million.

[VIDEO] Mid-Session 16 Feb 18: The Australian sharemarket is improving by 0.3% after having its biggest daily gain of the year on Thursday. #ausbiz

— CommSec (@CommSec) February 16, 2018 11.05am: ASX200 up 0.3%

Investors have cheered results from Medibank (+3%), Primary Health (+3%) and Village Roadshow (+2%).

However, investors were underwhelmed with IOOF (-3%) and Star (-5%).

Super Retail Group has been flat this morning suggesting its result was as expected.

Pre-market wrap: ASX 200 set to open higher after another strong day in the US

The Dow Jones Industrial Average (INDEXDJX:DJI) finished 1.23% higher to 25,200.

Interestingly, the Dow sold off in the first 90 minutes, hitting a low around 11.05am but then rallied for the rest of the day of trade.

Dow, S&P 500 on pace for best week since 2016. Here's a recap of today's market action with @BillGriffeth

— CNBC's Closing Bell (@CNBCClosingBell) February 15, 2018

Consequently, the SPI 200 Futures, which are based on the ASX200 are up 0.67%.

Crude oil was 1.52% higher to US$61.52, gold was flat and the AUDUSD is trading at 0.7940.

Nickel also had a solid 24 hours, putting on 1.07%.

MPL, IFL, SGR, PRY, SUL, VRL report today

Companies of note reporting results today include:

• Medibank Private Ltd (ASX:MPL);
• Star Entertainment Group Ltd (ASX:SGR);
• Primary Health Care Limited (ASX:PRY);
• Super Retail Group Ltd (ASX:SUL); and
• Village Roadshow Ltd (ASX:VRL).

Cryptocurrency resurgence

Bitcoin and other cryptocurrencies alike have continued to rally from the early February lows, where Bitcoin traded under US$6,000.

Around 5.00am AEST, Bitcoin traded above US$10,200 setting a new high in the recent rally from the early February lows.

Chartists believe fibonachi resistant points exist around the US$10-11,000 mark for Bitcoin.

Litecoin has been one of the leaders of the recent crypto recovery.

Litecoin has plans to now launch LitePay, a payments processor, on February 26.

Upcoming economic data: Lowe to speak, US building permits tonight

At 9.30am AEST, RBA Governor Philip Lowe is due to speak in Sydney.

As head of Australia’s central bank, which controls short-term interest rates, he has a large influence over our economy and consequently, our stock market.

In the US, monthly building permits will be released, which is a good gauge of future construction activity.

US 10 year bond yielding more than Australian 10 year bond

For the first time in 18 years, the US 10 year treasury bond is yielding more than the Australian 10 year treasury bond.

Currently the pair are both yielding about 2.90%.

With the consensus amongst economists that US rates will rise much faster than Australian rates, the US 10 year bond yield is expected to maintain its new dominance.

Fri, 16 Feb 2018 08:33:00 +1100
<![CDATA[News - S&P/ASX 200 closes 67 points higher led by gains in base and precious metals, as well as oil ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) closed up 67.8 points or 1.16% higher to 5,909 points.

Resources stocks led the way, and this was reflected in the circa 2.5% gains in the S&P/ASX 200 Energy (INDEXASX:XEJ) and Materials indices (INDEXASX:XMJ).

[VIDEO] Market Close 15 Feb 18: Local shares posted their best one-day gain of the year after the ASX 200 rose by 1.16% #ausbiz

— CommSec (@CommSec) February 15, 2018 4.10pm: Gold shines brightest in resources sector

These sectors were only outdone by the S&PASX All Ords Gold index (INDEXASX:XGD) which surged 3.2%.

Notable performances came from Doray Minerals (ASX:DRM) and Resolute Mining (ASX:RSG) which were up 12.5% and 7.6% respectively.

In the energy sector it was Origin Energy (ASX:ORG) that led the way, gaining 6.7% after delivering a result that pleased investors.

S&P/ASX 200 (INDEXASX:XJO) has climbed 0.9% by mid-day and is trading at 5,893.

Mid-day: ASX200 is trading up 0.9% at 5,893

There are broad gains across the index at large but some big names drop earnings, including the likes of Telstra (ASX:TLS), South32 (ASX:S32) and Suncorp (ASX:SUN).

Telstra's net profit in the six months ended December 31 fell 4.9% to $1.7 billion from $1.8 billion in the previous corresponding period.

South32 reported a stronger than expected $684.2 million first-half underlying profit.

10.30am: ASX200 is trading up 0.8% at 5,889

Resources stocks have led the ASX shares higher in early trade as the global recovery continues, thanks in part to a 3.3% jump in BHP (ASX:BHP) shares.

Origin Energy (ASX:ORG) has been dragged into a first-half net loss due to write-downs on gas fields that it flagged, while underlying earnings jumped.

Home appliances company Breville Group Ltd (ASX:BRG) released a strong first half result, trading up 5.3%.

Breville Group $BRG 1H18
Total Revenue $385.4M +13.6%
EBIT +12.3% to $55.2M
NPAT +7.8% to $36.3M
1H Div $0.165#ausbiz

— CommSec (@CommSec) February 14, 2018

Listed legal services company, IPH Ltd (ASX: IPH) has been sold down heavily after investors were clearly not pleased with the half-year result.

IPH was down over 20% this morning, trading as low as $4.03.

Pre-market wrap: S&P/ASX 200 expected to jump 44 points on the back of strength in overseas markets

The S&P/ASX 200 is set to open higher following a strong overnight performance in all major overseas markets.

The Dow (INDEXDJX:DJI) was up 1% or 253 points, closing at 24,893 points.


[VIDEO] US Market Close: US sharemarkets rose on Wednesday. Investors weighed up data showing softer retail sales and slightly higher inflation data #ausbiz

— CommSec (@CommSec) February 14, 2018


The NASDAQ (NASDAQ:IXIC) was even stronger, rallying 1.9% to 7143 points on Wednesday.

The FTSE 100 (INDEXFTSE:UKX) gained 0.6% to finish at 7213 points.

READ: FTSE 100 and is in positive territory with precious metals miners leading the way

Markets in Germany and France were both up more than 1%.

Commodities could be the driver of Thursday

With precious and base metals surging overnight, and a 2.5% kick in the oil price, Australian stocks could receive most of their momentum from the resources sector.

The SPI futures are pointing to a gain of 44 points.

Thu, 15 Feb 2018 08:14:00 +1100
<![CDATA[News - S&P/ASX 200 finishes down 0.3% to 5,841, US inflation data tonight ]]> S&P/ASX 200 (INDEXASX: XJO) (ASX: XJO) closed down 15 points lower or 0.3% to 5,841 points.

4.10pm: The ASX200 closed down 0.3%

All eyes will now be firmly set on tonight's U.S. consumer price index (CPI) data release.

If inflation, which is measured by the CPI, is above expectations, volatility could increase again and lead to further selling in global equity markets.

The monthly release will be tonight at 12:30am AEST with expectations for 0.3%.

3.25pm: The ASX200 is down 0.2%

S&P/ASX 200 started to rally off its low of 5,831 at around 1.45pm.

The ASX200 is currently at 5,842 or down 0.2% for the day after bouncing about 11 points off the 1.45pm low.

11.50am: The ASX200 is down 0.1%

The S&P/ASX 200 is trading at 5,847.9, down 8.0 points or 0.10%.

The S&P/ASX 200 opened higher this morning but gave back its gains as the morning progressed.

Investors responded well to results from CSL Limited (ASX:CSL) Computershare Limited (ASX: CPU) and Insurance Australia Group Ltd (ASX: IAG).

Results from DEXUS Property Group (ASX: DXS) and Domino's Pizza Enterprises Ltd. (ASX: DMP) however have not been well received.

Pre-market wrap: S&P/ASX 200 futures rise as Dow Jones records third straight day of gains

S&P/ASX 200 will look to feed off another day of gains in the US markets overnight.

The Dow Jones Industrial Average (INDEXDJX: .DJI) finished up 39 points or 0.16% to 24,640 thanks to a 200-point rally after lunch.

S&P/ASX 200 futures are up 0.6%

Strength in the US markets has prompted S&P/ASX 200 futures to rise 0.6% or 35 points this morning.

Crude Oil was largely flat while Gold continues its quiet rally to US$1,331.70, up $5.30.

ASX reporting season continues

The February reporting season continues with the following companies going under investor scrutiny today:

• Computershare Limited (ASX: CPU);
• CSL Limited (ASX: CSL);
• Domino's Pizza Enterprises Ltd. (ASX: DMP);
• DEXUS Property Group (ASX: DXS);
• Goodman Group (ASX: GMG);
• Insurance Australia Group Ltd (ASX: IAG);
• Orora Ltd (ASX: ORA);
• Villa World Ltd (ASX: VLW); and
• Woodside Petroleum Limited (ASX: WPL).


Wed, 14 Feb 2018 08:15:00 +1100
<![CDATA[News - S&P/ASX 200 closes up 35 points as investors recover a bit of poise ]]> S&P/ASX 200 (INDEXASX: XJO) (ASX:XJO) closed 0.6% up at 5,856, with miners the strongest performers.

National Australia Bank's business confidence index jumped 6 points to 19 points in January, which is materially above the long-run average of 5 points.

Midday: S&P/ASX 200 gains ground with miners advancing

BHP Billiton (ASX:BHP) gained 1.1% and Rio Tinto (ASX:RIO) shares are up 1.7%. Banks were also recovering a bit of ground after yesterday's banking commission-related losses.

11.01am: S&P/ASX 200 up 0.1%

The ASX200 is trading up 7 points or 0.1% to 5,828.

Boral Limited (ASX:BLD) is down 2.74%, Challenger Ltd (ASX:CGF) is down 2.88% and Cochlear Limited (ASX:COH) is down $2.61%.

Pre-market wrap: S&P/ASX 200 set to open strongly after Dow Jones closes up 410 points

S&P/ASX 200 will look to follow the US's lead as the Dow Jones Industrial Average (INDEXDJX: .DJI) increased 1.70% or 410 points on Monday.

Similarly, the S&P 500 Index (INDEXCBOE: .INX) was up 1.39% or 36.4 points.

The AUDUSD is trading at $0.7856, up 0.52%.

S&P/ASX 200 Futures up 0.34%

The strong trading day in the US has pushed the S&P/ASX 200 Futures up 19.5 points or 0.34%.

Gold put on US$9 over the last 24 hours to be trading at US$1,324.70 and Crude Oil WTI is trading flat at US$59.31 after retreating from US$60.70 highs.



#BreakingNews: Stocks end higher after worst week since January 2016. The Dow sees first back-to-back gains since February 1. The S&P 500 and Nasdaq see their first back-to back gains since January 31.

— FOX Business (@FoxBusiness) February 12, 2018 ]]>
Tue, 13 Feb 2018 08:09:00 +1100
<![CDATA[News - S&P/ASX 200 holds well in afternoon trade, Bitcoin claws back ]]> S&P/ASX 200 (ASX:XJO) (INDEXASX:XJO) closed the day 17 points down at 5,821, shrugging off a positive lead from U.S. stocks which jumped circa 1.4% on Friday.

The ASX had lost circa $90 billion of its value last week and hit a four-month low.

Meanwhile, Bitcoin clawed its way back from a four-month low of $US5,922 last week, rebounding 53% to $US9,069.

Midday: S&P/ASX 200 edges lower, with banks the weakest performers

A government-appointed inquiry into the nation’s financial industry has started, weighing down most of the banking stocks.

JB Hi-Fi (ASX:JBH) shares were down 8% despite a 21% jump in profits for the six months ended 31 December 2017, as investors reacted to a lower-than-expected outlook for the rest of the year.

10.50am: The ASX200 is trading at 5,821 points

The index opened down 0.5% as expected with banks the weakest performers at the start of the trading day. The index is currently trading at 5,821, down 17 points or 0.3%

Pre-market wrap: Dow up and FTSE down as volatile markets close the week with little direction

Dow Jones Industrial Average (INDEXDJX:DJI) index, while lacking direction for most of Friday, finished strongly to close up nearly 1.4% at 24,190 points.

The NASDAQ (INDEXNASDAQ:IXIC) finally put a halt to its horror run, but once again it was only in the afternoon session that the buyers returned.

Two of the stocks that had placed a considerable drag on both indices over the last week in Microsoft Corporation (NASDAQ:MSFT) and American Express (NYSE:AXP) with the best performers, both gaining circa 3.8%.

Nike Inc (NYSE:NKE) was the pick of the large players, gaining 4.8%.

The plummeting oil price remains a worry for investors, falling 3.4% to US$59.05 per barrel.

The FTSE 100 gave up 1.1%, finishing at 7092 points.

READ: FTSE 100’s losses lengthened as US markets move back into reverse

The index closed before the late stage kick in US markets, failing to benefit from any positive sentiment that may have flowed through.

Mon, 12 Feb 2018 16:11:00 +1100
<![CDATA[News - S&P/ASX 200 closes 53 points down on weak global cues ]]> S&P/ASX 200 (ASX:XJO) (INDEXASX:XJO) regained some of the losses made in the opening session, closing 0.9% or 53 points down to end at 5,838 for the day.

The ASX was hit by another round of chaotic selling in the U.S market, but clawed back some of the earlier losses by midday.

Midday: The ASX200 is trading at around 5,830

Japan markets have now opened with the Nikkei 225 (INDEXNIKKEI: NI225) trading down 2.64%.

Asia continues to look for guidance from the US futures markets as it prepares for its Friday of trade tonight.

10.40am: The ASX200 is trading at around 5,800

Energy and Utilities have been the hardest sectors hit this morning, both down over 2%.


IRESS ASX All Ords Market Map down 105pts a sea of red.. but what is the small green patch #gold stocks
Newcrest NCM +0.14%, Evolution $EVN +2.6%, OceanaGold $OGC +4%#ausbiz

— CommSec (@CommSec) February 8, 2018



Pre-market wrap: S&P/ASX 200 to open lower after 1,000 point fall in the Dow

The Dow Jones industrial Index (INDEXDJX:DJI) plunged 4.1% to close at 23,860 points.

Tech stocks were caught up in the fallout, and the NASDAQ (INDEXNASDAQ:IXIC) shed 3.9% to close at 6,777 points.

SPI Futures indicates 107 point decline in ASX 200

The SPI Futures was indicating a 107 point decline in the ASX 200 as US markets closed, but this is likely to increase as the late fall in the Dow is digested.

The acceleration in the downturn in the Dow towards the end of trading will prove all the more worrying for Australian investors.

Having fallen approximately 500 points with only 90 minutes of trading remaining, the sell-off escalated towards the close with the index finishing down 1032 points or 4.1%.

Based on sectors that were hardest hit overseas, ASX financials, energy and tech stocks look the most vulnerable today.

Dow closes below last week’s low

The close of 23,860 points is below last week’s trough of circa 24,150 points.

Based on stock movements in the US, the financial sector could be the subject of broad-based selling.

One of the worst performers in the US was American Express (NYSE:AXP) as it plummeted 5.6%.

Other losses across that sector were Visa Inc (NYSE:V) and JP Morgan Chase (NYSE:JPM), which were down circa 4%.

Tech stocks also were caught up in the sell-off with Intel Corporation  (NASDAQ:INTC) and Microsoft Corporation (NASDAQ:MSFT). falling 5.4% and 4.7% and respectively.

FTSE 100 sheds 1.5% on rate rise talk

FTSE 100 (INDEXFTSE:UKX) fell 1.5% to close at 7170 points after the Bank of England lifted its 2018 growth forecast from 1.6% to 1.8%.

In saying that inflation is likely to rise above 2% through to 2020 the BOE was seen as flagging both earlier rate rises and more substantial medium-term increases.

Mark Carney, Governor of the Bank of England, said: “It will likely be necessary to raise interest rates somewhat earlier and to a somewhat greater extent than we had thought”

READ: FTSE 100 closes firmly lower as strong pound weighs Fall in crude prices adds to decline

In the course of trading in the UK, oil prices fell 1.4% to circa US$61.00 per barrel, prompting a sell-off in major oil stocks.

Royal Dutch Shell plc (LON:RDSB) was one of the biggest casualties, falling 2.1%.

Mining stocks also took a hit with Glencore PLC (LON:GLEN) and Rio Tinto PLC (LON:RIO) falling more than 3%.

Base metals mixed while gold gains ground

Zinc and lead were the best performers amongst the base metals increasing circa 1% and 1.4% respectively.

Copper and nickel both lost a little more ground after the recent sharp declines, but the extent of the falls was less than 1%.

Nickel closed at US$5.94 per pound and copper finished at US$3.09 per pound.

There was little movement in the iron ore price, and it is sitting at US$77.32 per tonne.

Gold hovered in and out of positive territory, but as US equities markets started to spiral the precious metal was well sought after, closing up 0.4% at US$1319 per ounce

The oil price continued its decline after UK markets closed, and was down circa 2.4% as US markets drew to a close.

Fri, 09 Feb 2018 16:10:00 +1100
<![CDATA[News - S&P/ASX 200 strengthens in afternoon trading ]]> S&P/ASX 200 (ASX:XJO) closed up 0.2% at 5890 points as healthcare stocks rallied.

There weren’t any substantial moves in afternoon trading with the telecommunications and financial sectors providing most of the support.

The one index that did experience an afternoon rally was the S&P/ASX 200 Health Care index (ASX:XHJ).

The index was hovering in the vicinity of 24,500 points in mid-morning trading, but by the close it had put on circa 125 points to finish at 24,834 points.

The main movers in the sector were Sigma Healthcare Ltd (ASX:SIG) Healthscope Ltd (ASX:HSO) and Estia Health Ltd (ASX:EHE).

Healthscope and Estia led the way with gains of circa 1.6%.

Earnings the key driver as reporting season unfolds

Looking across the S&P/ASX 20 (ASX:XTL), the big moves came from companies that delivered good earnings news.

As reported earlier, the pick of these were AMP Limited (ASX:AMP) and National Australia Bank Ltd (ASX:NAB).

They finished up 3.3% and 2.4% respectively, but for National Australia Bank shareholders the closing price of $28.90 is little respite following a sell down from $34.00 since May last year.

While tomorrow is a little quieter on the reporting season front, investors will be watching REA Group Limited’s (ASX:REA) result with interest.

The company trades on a demanding forward price-earnings multiple of 34 relative to fiscal 2018 forecasts.

This usually means there is little scope for underperformance, so management will have to go close to meeting the consensus interim net profit forecast of $151 million.

S&P/ASX 200 pushes into positive territory at midday

S&P/ASX 200 (ASX:XJO) recovered all of the lost ground from the opening bell sell-off to move into positive territory by midday as it hit a high of 5,880 points.

This represented a slight increase on the previous day’s close of 5,876 points, but was more in keeping with the positive start implied by the SPI futures as US markets closed.

After the banks placed a substantial drag on the index yesterday, the S&P/ASX 200 Financials (ASX:XFJ) was one of the best performers, gaining 0.6%.

AMP and NAB drive financial sector higher

However, National Australia Bank Ltd (ASX:NAB) was the only bank to make any solid gains as it rallied 2.6% on the back of a positive first-quarter trading update.

The other key driver was AMP Limited (ASX:AMP) which rallied 2.5% after the insurance group delivered an underlying profit of $1.04 billion for fiscal 2017.

This was a substantial increase on the previous corresponding period when it recorded an underlying net profit of $486 million.

AMP’s earnings result appeared to benefit fellow insurer, Steadfast Group (ASX:SDF), as it rallied 2.7%.

Interest in media and telecommunications

The other standout sector was S&P/ASX 200 Telecommunications (ASX:XTJ), up 1.1% after good gains from Telstra Corporation Ltd (ASX:TLS) and Speedcast International Ltd (ASX:SDA).

Their share prices were up 1.3% and 1% respectively.

Seven West Media (ASX:SWM) was the biggest ASX 200 gainer in morning trading as it surged 4.5%.

However, it was bouncing off a 12 month low of $0.50.

By 1 PM, the SPI futures was back in the black, pointing to a 13 point gain in the ASX 200.

Market lacking direction

S&P/ASX 200 (ASX:XJO) fell circa 40 points to 5,838 points within the first 10 minutes of trading.

Then there has been a slight recovery, but the market appears to be lacking direction, down 11 points at 11:30 AM (AEST)

Futures are pointing to a decline of 7 points.

The financials sector was the only one in the black, but was only up slightly.

As indicated yesterday, several large companies were reporting today, and this was expected to have an impact.

READ: S&P/ASX 200 closes up 43 points after late afternoon jitters

Shares in AMP Limited (ASX:AMP) rallied 3.8% on the back of its fiscal 2017 result.

Investors responded negatively to AGL Energy’s (ASX:AGL) result with its shares coming off 2%.

Property developer, Mirvac Group (ASX:MGR) delivered a solid result and announced a buyback resulting in its shares rallying 1%

S&P/ASX 200 (ASX:XJO) is expected to open stronger despite overnight volatility in the Dow Jones industrial Average (INDEXDJX:DJI) index.

After opening slightly below the previous day’s close of 24,912 points, the Dow was up 380 points at one stage, hitting a high of 25,293 points.

Investors appeared to become nervous midway through trading before a slight bounce in the afternoon.

A last hour sell-off

However, all those gains were raised in the last hour of trading as the index slumped to 24,893 points, a decline of circa 0.1%.

This took the wind out of the SPI Futures with it now pointing to a gain of 22 points.

Looking at company specific moves, financials and specialist retailers were generally out of favour.

However, Walmart Inc was one of the best performers, gaining 2%. 

Boeing Co notched up a gain of 2.1%.

NASDAQ underperforms

The Nasdaq Composite (INDEXNASDAQ:IXIC) only briefly moved into positive territory and finished the day down nearly 1%.

The set against tech stocks was evidenced even in falls from big players such as Apple Inc (-2.1%) and Microsoft Corp. (-1.9%).

European markets bounce strongly

European markets ignored the fairly measured response by Asia-Pacific markets following the rebound in the Dow to notch up some big gains prior to the US opening.

FTSE 100 (INDEXFTSE:UKX) rallied nearly 2% to close at 7279 points, seemingly assisted by economic data indicating that house prices had fallen in January on a month on month basis.

This led to gains in the building sector with Taylor Wimpey plc and Barratt Developments plc up 2.8% and 1.6% respectively.

Shares in utility group, Severn Trent, finished up 3% after announcing a reduction in financing costs.

Germany welcomes political stability

The DAX PERFORMANCE-INDEX (INDEXDB:DAX) finished up 1.6%, closing at 12,590 points.

There were some strong performances from blue chips, but there was also support on the political front.

German Chancellor Angela Merkel struck a deal with the Social Democrats with the parties agreeing on the distribution of ministries.

On the equities front, there were strong gains from Adidas AG (+5.3%) and Deutsche Boerse AG (+4.1%).

Commodities plunge as US dollar strengthens

There were substantial falls in base metals with copper and zinc the hardest hit.

Copper plunged from US$3.22 per pound to US$3.12 per pound, a decline of circa 3%.

Zinc also fell 3% from US$1.61 per pound to US$1.56 per pound.

Nickel closed below the psychological US$6.00 per pound mark, retracing to January levels.

Iron ore rallies

Iron ore was one of the few bright spots, rallying 1.7% to finish at US$77.20 per tonne.

Gold was disappointing, falling nearly 1% to US$1317 per ounce as its safe haven appeal dissipated.

The oil price started to fall sharply as soon as US markets opened, plunging from circa US$63.80 per barrel to a mid-afternoon low of the US$61.25 per barrel.

While it found support towards the finish, it closed below the US$62.00 per barrel mark.

Thu, 08 Feb 2018 08:10:00 +1100
<![CDATA[News - S&P/ASX 200 closes up 43 points after late afternoon jitters ]]> S&P/ASX 200 (XJO) retraced from circa 5900 points to 5876 points in the last hour of trading.

The close represented a gain of 0.7% or 43 points, well below the 100 point gain indicated by the SPI Futures prior to the market opening this morning.

READ: S&P/ASX 200 expected to surge 100 points after strong late rally in the US

Perhaps this was an indication that money was being taken off the table before the US market opens.

The fear factor seemed to re-emerge towards the end of the day as the S&P/ASX 200 VIX index (XVI) pushed up above 1855 after hovering in the vicinity of 1750 mid-afternoon.

The big end of town

Looking across the index heavyweights, it was a mixed bag with financials out of favour.

Bear in mind that they have a substantial impact on the performance of the overall index.

Of note was the fact that the S&P/ASX 20 (XTL) underperformed the ASX 200 with a gain of 0.6%.

Also of interest was the 1.8% gain in the S&P/ASX Small Ordinaries index (XSO), substantially outperforming the blue chips.

Banking sector takes its toll as resources rally

Macquarie Group, (ASX:MQG) the best performer in the Top 20, gained 3.8%.

However, three of the big four retail banks finished in negative territory with Westpac (ASX:WBC) only up 0.1%.

Outside the financials, it was the major resource stocks that saved the day with Rio Tinto Limited (ASX:RIO) and BHP Billiton Limited (ASX:BHP) up 4% and 2% respectively.

The US and reporting season likely to shape tomorrow’s market

Investors will be waiting with some trepidation to see whether or not last night’s retracement in US markets was a dead cat bounce.

There will also be some important news breaking on the ASX which could be a swing factor.

Reporting season is starting to ramp up and some major players are releasing their results tomorrow.

Stocks such as News Corp (ASX:NWS), AMP Ltd (ASX:AMP), AGL Energy (ASX:AGL) and Mirvac Group (ASX:MGR) have a large index weighting.

These are some of the biggest players across the media, insurance, utilities and property development sectors.

Wed, 07 Feb 2018 16:28:00 +1100
<![CDATA[News - S&P/ASX 200 spikes 100 points on the open, but up 1% in afternoon trading ]]> S&P/ASX 200 (XJO) spiked to a high of 5938 points on the open, up from the previous day’s close of 5803 points.

This reflected the pre-open SPI Futures indicator of a 100 point rally.

However, the surge was short lived and less than an hour into trading there had been a retracement of circa 50 points.

The index settled around the 5890 point mark after midday, representing a gain of 1%.

Energy sector shines as gold is hammered.

One of the best performers was the S&P/ASX 200 Energy Index (XEJ).

It was up 2% at one stage, hitting a high of 10,698 points and was still hovering in the vicinity of 10,650 points in afternoon trading.

This was one of the hardest hit sectors in yesterday’s rout.

Two of the best performers were Whitehaven Coal (ASX:WHC) and Beach Energy Ltd (ASX:BPT), which were up 4.6% and 4% respectively.

Utilities and gold out of favour

The Utilities (XUJ) and Gold (XGD) sectors were the only ones in the red, both seen as more of a safe haven play when markets are unstable.

The main casualty in the Utilities Sector was APA Group (ASX: APA), which was down 1%.

It was a mixed bag in the gold sector even though the index was down 1.7%

Gains of 6% were made by Dacian Gold (ASX:DCN) and Doray Minerals (ASX:DRM).

On the other side of the ledger, Silver Lake Resources (ASX:SLR) and Ramelius Resources (ASX:RMS) came off 3.5%.

ASX 200 best and worst

Mineral Resources Limited (ASX:MIN) and Galaxy Resources Ltd (ASX:GXY) led the way amongst the ASX 200 stocks, both up more than 10% at one stage.

Carsales.Com’s (ASX:CAR) 8% increase in underlying earnings to $85 million for the six months to December was shy of expectations, and its shares drifted some 2% lower.

One of the standout performers in a volatile market was Sonic Healthcare (ASX:SHL).

The pathology and diagnostics group in an all-time high of $24.97.

The company is due to release its interim result on February 15 with Citi forecasting a net profit of $230 million, broadly in line with consensus.

Wed, 07 Feb 2018 15:01:00 +1100
<![CDATA[News - S&P/ASX 200 expected to surge 100 points after strong late rally in the US ]]> S&P/ASX 200 appears set for a strong day with the ASX SPI 200 pointing to a positive open, pointing to a 100 point rally, implying an increase of 1.7%.

This comes on the back of a confident finish to trading in the US, as the Dow increased from circa 24,240 points with 90 minutes of trading remaining to close at 24,912 points.

However, this strong finish was too late to positively impact European markets which had closed before the rally.

Too late for Europe

The volatility that started in the US and rubbed off on to Asia-Pacific markets yesterday also took its toll in the UK and broader European region.

The FTSE 100 plunged from the previous day’s close of 7335 points to 7079 points on the open, but it rallied in mid-afternoon trading to circa 7250 points.

However, the recovery was short lived with the index finishing down 2.6% at 7141 points.

It was a similar story in mainland European markets with both the Dax and the Paris CAC 40 down circa 2.3%.

Credit Suisse bails out of VelocityShares

Ironically, amidst this volatility Credit Suisse has taken the decision to liquidate its exchange traded note that was designed to bet against rising volatility.

The VelocityShares Daily Inverse VIX Short-Term ETN lost more than 80% of its value in after hours trading, triggering a technical liquidation.

Shares in Credit Suisse Group AG (CSGN) finished down 6%.

US plunges then recovers

The Dow continued its downward spiral on the open, falling more than 4% from the previous day’s close of 24,345 points to a low of 23,778 points.

However, all of this was recovered plus some as the index finished circa 2.3% higher to close at 24,913 points.

There were strong performances from Dow DuPont (+6%), Home Depot Inc (+4.5%) and Apple Inc (+4.2%).

Goldman Sachs Group Inc was the best of the financials, gaining 3.8%.

Tech stocks generally kept pace with industrials with the NASDAQ gaining 2.1% to close above 7100 points.

Commodities trend lower across-the-board

On the commodities front there was nowhere to hide.

Gold, usually a safe haven when markets are volatile, fell nearly 1% to circa US$1320 per ounce after trading as high as $1349 per ounce in early morning trading.

This appeared to mirror equities markets which fell sharply in early morning trading but showed signs of recovery throughout the day to regather some of the lost ground.

Oil was down nearly 1% to US$63.55 per barrel.

Base metals all trend lower

Among the base metals, copper was the best performer but came off circa 1% to close in the vicinity of US$3.20 per pound.

Nickel was more volatile, falling nearly 3% to US$6.06 per pound.

Even zinc felt the pinch falling 2.5%, taking it below the psychological US$1.60 per pound mark.

Iron ore rallied slightly to finish at US$75.92 per tonne.

Wed, 07 Feb 2018 09:30:00 +1100
<![CDATA[News - US markets send Australian and other Asian bourses spiralling ]]> A 4.6% circa 1,200 point fall in the Dow Jones index placed intense pressure on the S&P/ASX 200 (XJO).

Although at midday it was faring better than some other overseas indices, down circa 3%.

The Nikkei and Hang Seng were down circa 5% and 4% respectively in the first two hours of trading.

Gold miners buck the trend

By comparison, the XJO bottomed out at 5841 points in mid-morning trading, representing a decline of 3.1%.

The only ASX 200 stocks not in the red at midday were gold miners, Northern Star Resources (ASX:NST) and Resolute Mining (ASX:RSG), but they were only up marginally.

Even the traditionally safe haven gold sector (ASX:XGD) came under pressure, down circa 1%.

Energy and IT stocks hardest hit

The Energy (XEJ) and IT (XIJ) sectors experienced the most sUBStantial falls, with both sectors shedding circa 4.5%.

Beach Energy (ASX:BPT), Origin Energy Ltd (ASX:ORG) and Worley Parsons Ltd (ASX:WOR) were all off more than 5.5%.

WiseTech Global Ltd (ASX:WTC) was the biggest casualty in the IT sector, plunging 10.7% to trade in the vicinity of $14.00.

IPH Ltd announces amalgamation

Patent management group IPH Ltd (ASX:IPH) is amalgamating three of its businesses.

Australian IP firms Fisher Adams Kelly Callinans (FAKC), Cullens and Asia-Pacific IP group Spruson & Ferguson will combine to form one firm.

They will operate under the Spruson & Ferguson brand from April 2018 with full integration expected to be completed in July 2018.

The combined firm will have the largest Australian patent market share of 16% with offices in 10 locations across the Asia-Pacific region.

Magellan’s acquisition fails to inspire investors

Magellan Financial Group’s (ASX:MFG) two acquisitions which provide exposure to North America were poorly timed given the state of markets in that region.

The acquisitions have net funds under management totalling circa $19 billion.

The group has taken the decision to pump US$15 million in cash and approximately 4.5 million of its shares into acquiring businesses that provide diversification.

They also see the additions as strengthening its retail funds management business in Australia and adding significant focus to its institutional distribution activities in North America.

Webjet targeted by UBS

On a day when plenty of investors are taking money off the table, UBS Group AG (NYSEARCA: MORL) waded into Webjet Limited (ASX:WEB), taking a stake of 5.3%.

However, this didn’t appear to boost confidence in the stock as it slid circa 4% to trade as low as $9.51, well shy of its 12 month high of $13.19.

Markets spooked from the outset

It didn’t take long for the negative trends in overseas markets to impact the ASX. In the first 30 minutes of trading the S&P/ASX 200 (XJO) appeared to find a base around 5870 points, representing a decline of 2.5% from the previous day’s close of 6026 points.

While this wasn’t as dire as the 4.6% fall in the Dow, it did appear that there was worse to come.

When the Nikkei plunged from the previous day’s close of circa 22,700 points to less than 21,600 points in less than an hour that was another sign that the steep falls were going to extend well beyond the US.

Tue, 06 Feb 2018 16:29:00 +1100
<![CDATA[News - S&P/ASX 200 tipped to increase 68 points after a strong session in the US ]]> The S&P/ASX 200 (ASX:XJO) looks set to end its four day losing streak, taking its cue from a more buoyant performance on Wall Street. (WHAT AND WHY)

The SPI Futures contract is indicating the index will open 68 points higher at 5,962.


The Dow climbed 336 points today after top Republicans broke with Trump over planned steel and aluminum tariffs.

— CNNMoney (@CNNMoney) March 5, 2018

S&P/ASX 200 The S&P/ASX 200 (ASX:XJO) looks set to end its four day losing streak, taking its cue from a more buoyant performance on Wall Street. (WHAT AND WHY) The SPI Futures contract is indicating the index will open 68 points higher at 5,962. Dow Jones (INDEXDJX:DJI) The NASDAQ INDEXNASDAQ:IXIC QUOTE/CONTEXT/TWEET On the foreign exchange markets the Australian dollar held steady at xxxx against its American counterpart, in spite of the uncertainty created by Donald Trump’s trade tariffs. The gold price Oil was Amongst the base metals Ahead today we expect news from The NASDAQ INDEXNASDAQ:IXIC



On the foreign exchange markets the Australian dollar held steady at xxxx against its American counterpart, in spite of the uncertainty created by Donald Trump’s trade tariffs.

The gold price

Oil was

Amongst the base metals

Ahead today we expect news from  

Tue, 06 Feb 2018 16:07:00 +1100
<![CDATA[News - Ferrum Crescent and Vivid Technology top morning gainers on ASX ]]> Ferrum Crescent Ltd (ASX:FCR) and Vivid Technology Ltd (ASX:VIV) were the biggest gainers on the ASX this morning.

Ferrum Crescent increased 100% to $0.002 on release of a maiden lead-zinc-silver resource estimate while Vivid was up almost 69% to $0.076.

Positive net operating cash flow

Vivid released its quarterly cash flow report which showed positive net operating cash flow of $2.4 million for the December quarter.

The net operating cash flow for the six months to 31 December 2017 was positive and the group finished the year with cash on hand of $3.9 million.

After cash receipts increased 192% to $4.8 million, the company’s outlook also looks positive with growth in its order book and success of its move to ‘Industry 4.0’.

This involves merging of data, communication, analytics and algorithms to improve operational performance and efficiencies across customers’ businesses.

Vivid’s increase occurred under volumes in excess of 14 million, which eclipsed the previous 12 month record shares traded in a day of less than 2 million.

Maiden resource estimate for Toral project

Ferrum Crescent announced a resource estimate of 16 million tonnes at 6.9% zinc equivalent for the Toral project in Spain.

This includes 670,000 tonnes of zinc, 540,000 tonne of lead and 13 million ounces of silver.

table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #104E8B; color: #FFF; font-weight: bold; } Company Name Code Last Change Volume Ferrum Crescent Ltd FCR $0.002 100% 26,846,146 Vivid Technology Ltd VIV $0.076 68.89% 14,391,180 White Cliff Minerals Ltd WCN $0.004 33.33% 70,085,221 K2 Energy Ltd KTE $0.014 27.27% 95,000 IPE Ltd IPE $0.120 23.71% 3,304,406 Immuron Ltd IMC $0.280 21.74% 485,837 Tinybeans Group Ltd TNY $0.700 20.69% 115,626 Knosys Ltd KNO $0.140 16.67% 855,787 Legacy Iron Ore Ltd LCY $0.007 16.67% 26,000 Winmar Resources Ltd WFE $0.007 16.67% 1,503,000


Tue, 30 Jan 2018 14:25:00 +1100
<![CDATA[News - Knosys and Acacia Coal this morning’s top ASX gainers ]]> Knosys Ltd (ASX:KNO) and Acacia Coal Ltd (ASX:AJC) were the ASX top gainers this morning.

Securing a contract with Singapore Telecommunications Limited (SGX:Z74) and its Australian subsidiary Singtel Optus Pty Ltd was the catalyst for Knosys increasing 118% to $0.12.

Coal focused Acacia was up 100% to $0.002 on no news.

New contract worth $6.1 million

Knosys’ contract is for deployment of its knowledge management platform KnowledgeIQ.

The multi-year contract follows a competitive tender process commenced by Singtel in June 2017.

Total contract value is more than $6.1 million and the contract term will span 5 years and 3 years respectively for Singtel and Optus.

Knosys will begin project activities immediately with a ‘Go-Live’ date for Singtel and Optus scheduled for the first half of 2018.

It represents the largest ever single contract for the company, expanding its footprint into the telecommunications sector and firmly within Singapore.

Acacia seeks exit from South Africa

Acacia Coal last month decided that the best option for its Riversdale Anthracite Colliery in South Africa is to seek an exit from its option to acquire a 74% interest in the project.

The decision was based on the uncertainty in South Africa for public companies attempting to develop projects and the lack of appetite for such risk in the context of a listed public company.

This followed completion of the sale of its Comet Ridge project in Queensland during the third quarter of 2017 to Bowen Coking Coal (ASX:BCB).

table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #104E8B; color: #FFF; font-weight: bold; } Company Name Code Last Change Volume Knosys Ltd KNO $0.120 118.18% 1,371,673 Acacia Coal Ltd AJC $0.002 100% 422,469 Dragon Mountain Gold Ltd DMG $0.018 38.46% 300,000 Botanix Pharmaceuticals Ltd BOT $0.180 38.46% 15,000,017 K2 Energy Ltd KTE $0.011 37.50% 199,995 Norwest Energy NL NWE $0.004 33.33% 1,300,000 Hampton Hill Mining NL HHM $0.040 33.33% 815,354 Flexiroam Ltd FRX $0.100 31.58% 320,618 Patrys Ltd PAB $0.027 28.57% 34,797,600 Tungsten Mining NL TGN $0.190 22.58% 96,000


Mon, 29 Jan 2018 13:30:00 +1100
<![CDATA[News - Pan Asia Corp and Plukka this morning’s top ASX gainers ]]> Pan Asia Corp Ltd (ASX:PZC) and Plukka Ltd (ASX:PKA) were the top gainers on the ASX this morning.

Pan Asia jumped 100% to $0.002 while Plukka was up 71% to $0.012.

Pan Asia is engaged in coal exploration and development.

The company is selling its interest in an Indonesian coal project and is negotiating to acquire a coal project in Australia’s Bowen Basin.

Plukka, an international retailer of creative fine jewellery, this week announced that it is closing its fine jewellery business and is seeking to acquire a new asset or business.

Company Name Code Last Change Volume Pan Asia Corporation Ltd PZC $0.002 100% 2,500,000 Plukka Ltd PKA $0.012 71.43% 587,000 Ennox Group Ltd EXO $0.003 50% 1,000,000 Samson Oil & Gas Ltd SSN $0.003 50% 2,278,571 Winmar Resources Ltd WFE $0.007 40% 18,727,272 eCargo Holdings Ltd ECG $0.200 33.33% 271,678 Laneway Resources Ltd LNY $0.004 33.33% 978,876 Bass Oil Ltd BAS $0.004 33.33% 2,312,618 intelliHR Ltd IHR $0.500 29.87% 423,680 Centaurus Metals Ltd CTM $0.012 20% 33,002,462


Wed, 24 Jan 2018 13:15:00 +1100
<![CDATA[News - Ferrum Crescent and Manas Resources were this morning's top movers ]]> Ferrum Crescent Limited (ASX:FCR) and Manas Resources Limited (ASX:MSR) were the top gainers on the ASX this morning.

Ferrum is a dual-listed European lead-zinc explorer currently in the process of estimating a JORC resource at its Toral Lead-Zinc Project in Spain.

Manas today entered an agreement to acquire interests in two gold projects in Ivory Coast.

table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #104E8B; color: #FFF; font-weight: bold; } Company Name Code Last Change Volume Ferrum Crescent FCR $0.002 100% 1,000,000 Manas Resources MSR $0.006 50% 86,786,407 Property Connect PCH $0.004 33.33% 1,999,999 Laneway Resources LNY $0.004 33.33% 190,000 iBuyNew Group IBN $0.009 28.57% 4,139,177 Greenvale Energy GRV $0.043 26.47% 441,760 Oilex OEX $0.005 25% 343,615 Audalia Resources ACP $0.017 21.43% 85,000 Speciality Metals International SEI $0.029 20.83% 1,435,787 Grand Gulf Energy GGE $0.006 20% 14,713,873


Tue, 23 Jan 2018 12:31:00 +1100
<![CDATA[News - Memphasys and Sundance Resources were the ASX top gainers this morning ]]> Memphasys Ltd (ASX:MEM) and Sundance Resources Ltd (ASX:SDL) were the top gainers on the ASX this morning.

Memphasys specialises in biological separations for high value commercial applications.

The main application of the technology is the separation of the most viable sperm cells for artificial reproduction, most particularly for human in vitro fertilisation (IVF).

table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #104E8B; color: #FFF; font-weight: bold; } Company Name Code Last Change Volume Memphasys Ltd MEM $0.002 100% 250,000 Sundance Resources Ltd SDL $0.007 75% 72,354,247 Nex Metals Exploration Ltd NME $0.015 50% 25,000 Stone Resources Australia Ltd SHK $0.005 25% 740,000 Gooroo Ventures Ltd GOO $0.097 21.25% 131,000 Bulletproof Group Ltd BPF $0.145 20.83% 1,006,463 Battery Minerals Ltd BAT $0.084 20% 56,015,106


Notably, Sundance was up 75% on traded volume of over 72 million shares.

Mon, 22 Jan 2018 12:26:00 +1100
<![CDATA[News - Tietto Minerals trades strongly during ASX debut ]]> Tietto Minerals Ltd (ASX:TIE) has successfully completed its initial public offering (IPO) after shares changed hands on the ASX today for the first time.

The IPO raised $6 million through the issues of 30 million shares priced at $0.20.

Positively, shares hit an intra-day high of $0.31, representing a premium to the listing price of over 50%.

West African gold developer

Tietto is developing gold projects in Côte d’Ivoire and Liberia in West Africa, with a focus on the Abujar Project in Cote d’Ivoire.

Significantly, Abujar has a maiden JORC compliant resource estimate of 10.4 million tonnes at 2.1 g/t gold for 703,600 ounces gold.

This resource was defined in less than two years after Tietto’s acquisition of its Abujar project interests with only 12,171 metres of drilling.

Immediate objectives for 2018

Tietto’s immediate objectives in 2018 are to:

• Expand the JORC resource estimate at Abujar through both deeper drilling and drilling along strike;
• Commence intensive exploration within more than 70 kilometres of additional new strike‐length targets at Abujar; and
• Exploration on its other projects, particularly its Dube South and Cestos Projects in Liberia.


Thu, 18 Jan 2018 15:45:00 +1100
<![CDATA[News - Volt Power Group is the leading ASX % Gainer intra-day ]]> Volt Power Group Ltd's (ASX:VPR) shares have added 50% this morning to $0.003, and although the rise can be attributable to traders taking the offer price, the spread has now moved to a bid of $0.002 and an offer of $0.004.

Over four million shares have changed hands.

The company hasn't had any news yet for 2018, but late last year it acquired 50% of EcoQuip Australia, a manufacturer and supplier of Mobile Solar / Li-Ion battery enabled LED lighting, Wi-Fi repeater and CCTV tower solutions.

Volt also has some interesting technology, and is looking to commercialise its ATEN Technology - a low emission waste heat providing a potential electricity generation solution.

The company's largest shareholder is ECM Pty Ltd, which is one of Australia’s largest, privately owned construction and maintenance companies servicing clients in the mining, oil and gas, infrastructure and power generation sectors.

table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #104E8B; color: #FFF; font-weight: bold; } Company Name Code Last Change Volume Volt Power Group Ltd VPR $0.003 50% 4,243,673 Avira Resources Ltd AVW $0.016 45.46% 183,333 Ikwezi Mining Ltd IKW $0.004 33.33% 500,000 Orinoco Gold Ltd OGX $0.067 24.07% 20,026,747 MRG Metals Ltd MRQ $0.011 22.22% 5,479,432 Sensen Networks Ltd SNS $0.207 21.77% 8,566,603 Tianmei BG Corporation Ltd TB8 $0.120 20% 49,162 Pancontinental Oil & Gas NL PCL $0.006 20% 9,550,010


Wed, 17 Jan 2018 11:53:00 +1100
<![CDATA[News - A2 Milk expands into North East region of the US, targeting 5000 stores by January ]]> A2 Milk Company Ltd (ASX:A2M) is expanding its position in the US as it targets the north-east region, having achieved sustainable levels of sales in California, the south-east region and natural retail chains.

The north-east region is home to circa 60 million consumers where refrigerated milk accounts for circa 20% of the total milk category volume in the US.

Prominent markets in this geographic area include the states of New York, New Jersey, Pennsylvania and Connecticut.

A2 Milk already accepted by major retailers in the north-east region

The proprietary A2 Milk brand has been accepted by a number of major retailers in this new market, including ShopRite, Safeway and H-Mart.

There is a growing presence in the natural channel in this region through the likes of Wholefoods, Sprouts and The Fresh Market.

Expansion of the company’s footprint will increase product sales from circa 3600 stores to potentially 5000 retail outlets across the US from January.

The company is also investigating specific new product opportunities for the US market to further capitalise on the growing brand awareness and expanded distribution.

Wed, 17 Jan 2018 08:35:00 +1100
<![CDATA[News - Integral Diagnostics' forecasts double-digit revenue growth ]]> Integral Diagnostics Ltd’s (ASX:IDX) fiscal 2018 profit forecast of $18 million implies year-on-year growth of 20%, a substantial increase on previous guidance which pointed to high single digit growth.

The provider of diagnostic health services generated higher than expected revenues in November and December.

Top line growth which will stem from the group’s first half performance, along with improved operational efficiencies, will contribute towards the group’s profitability in 2018.

Integral Diagnostics has also benefited from economies of scale with lower capital spending a result of the company’s improved equipment purchasing power.

Acquisitions, organic growth and cost efficiencies expected to provide sustained earnings momentum

The company currently provides diagnostic services to patients and their referrers at 47 radiology clinics, including 13 hospital sites.

Having increased its footprint through acquisitions and entry into new regions in Victoria, Queensland and Western Australia the company expects continued growth from its established clinics.

However, there is scope for increased capacity at the company’s current areas of representation.

Management will also consider further acquisitions where they provide entry into new geographic regions.

Fri, 12 Jan 2018 14:16:00 +1100
<![CDATA[News - Atlas Iron dethrones Serpentine Technologies as Most Active in early trade ]]> Atlas Iron Ltd (ASX:AGO) has taken back the mantle as the most traded stock on the ASX at 10:45am, with 32 million changing hands.

Shares have also added 3.1% to $0.033.

Atlas is currently undergoing a diversification strategy which is expected to generate strong free cashflow for a minimal capital outlay.

Under a deal with Pilbara Minerals (ASX:PLS), Atlas will purchase 1 million tonnes to 1.5 million tonnes of lithium DSO from the company over 15 months.

Also providing some trader action once again is Serpentine Technologies Ltd (ASX:S3R), which has had volume of 29 million shares, although its valuation has remained flat at $0.014.

The company is actively reviewing opportunities across a number of sectors including Blockchain enabled technologies.

table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #104E8B; color: #FFF; font-weight: bold; } Company Name Code Last Change Volume Atlas Iron Ltd AGO $0.033 3.13% 33,200,588 Serpentine Technologies Ltd S3R $0.014 0% 29,364,735 Orinoco Gold Ltd OGX $0.059 15.69% 20,399,392 Vital Metals Ltd VML $0.013 -7.14% 19,175,729 Chapmans Ltd CHP $0.019 11.77% 13,164,076 Ardiden Ltd ADV $0.027 12.50% 13,082,653 Sayona Mining Ltd SYA $0.110 -4.35% 12,881,726 Clancy Exploration Ltd CLY $0.005 25% 12,054,579 Terrain Minerals Ltd TMX $0.012 9.09% 10,716,692 Dark Horse Resources Ltd DHR $0.033 0% 9,715,062


Fri, 12 Jan 2018 11:02:00 +1100
<![CDATA[News - Serpentine Technologies the ASX most traded due to Blockchain strategy ]]> Serpentine Technologies Ltd (ASX:S3R) is the most active stock on the market today, with 57 million shares changing hands by noon, although the valuation has slipped 6.3%.

The interest from investors has jumped as the company is actively reviewing opportunities across a number of sectors including Blockchain enabled technologies.

Serpentine is also looking at other areas including the technology and education sectors.

table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #104E8B; color: #FFF; font-weight: bold; } Company Name Code Last Change Volume Serpentine Technologies Ltd S3R $0.015 -0.06% 57,239,751 Ardiden Ltd ADV $0.025 -3.85% 38,406,938 Metals Australia Ltd MLS $0.009 0% 32,473,665 Australian Vanadium Ltd AVL $0.029 -9.38% 29,207,244 Marindi Metals Ltd MZN $0.016 14.29% 24,265,353 Queensland Bauxite Ltd QBL $0.069 2.99% 22,496,756 Pancontinental Oil & Gas NL PCL $0.005 0% 20,873,853 Boart Longyear Ltd BLY $0.013 0% 20,378,959 Atlas Iron Ltd AGO $0.032 -3.03% 18,752,112 AVZ Minerals Ltd AVZ $0.325 -7.14% 17,482,515


Thu, 11 Jan 2018 12:25:00 +1100