Stocks to watch on Thursday
Stocks to watch on the Australian stock exchange on Thursday: CWN – CROWN LTD – up 12 cents at $12.34 A Deloitte report on Sydney’s proposed casino at Barangaroo will be made public once the state government makes a final decision on the project, says NSW Premier Barry O’Farrell. James Packer’s Crown Casino last year…
The Best LICs On The Market
Finding value in Listed Investment Companies is becoming harder. After strong gains in the past 12 months, the LIC sector is trading at almost parity to its net tangible assets (NTA). The big discounts that plagued the sector in recent years have rapidly narrowed. The sector traded at an average 2.87 per cent discount to…
18 Share Tips – 2 April 2013
Anson Rosewall, BBY Ltd BUY RECOMMENDATIONS APN News & Media (APN) Chart: Share price over the year to versus ASX200 (XJO) APN’s share price is trailing behind recoveries in Fairfax Media and Seven West Media. Although APN’s publishing revenues have been under pressure, the company is focusing its efforts on generating costs savings. Furthermore, APN’s…
Investment banker wants carbon tax to stay
Federal Opposition Leader Tony Abbott’s plan to roll back the carbon tax will put the budget’s bottom line under pressure, an investment banker says. MH Carnegie & Co founder Mark Carnegie said there was immense confusion about what Mr Abbott was going to do if he became prime minister, especially with the carbon tax. “He…
18 Share Tips – 25 March 2013
Scott Marshall, Shaw Stockbroking BUY RECOMMENDATIONS BHP Billiton (BHP) Chart: Share price over the year to versus ASX200 (XJO) The global miner has underperformed the market by about 12 per cent since the beginning of 2013. US gas prices are increasing and BHP intends to spend $5 billion expanding its Petrohawk site, with significant growth…
Commodities on the Rise
SEOUL – The commodity super-cycle – in which commodity prices reach ever-higher highs, and fall only to higher lows – is not over. Despite the euphoria around shale gas – indeed, despite weak global growth – commodity prices have risen by as much as 150% in the aftermath of the financial crisis. In the medium…
18 Share Tips – 11 March 2013
Peter Russell, Russell Research BUY RECOMMENDATIONS M2 Telecommunications Group (MTU) Chart: Share price over the year to versus ASX200 (XJO) It bought Primus Telecom in June last year. It virtually doubled EBITDA to $55 million in the December half on revenue up 65 per cent. Underlying earnings per share rose 32 per cent to 20…
Borrowing to invest a risky solution to a savings problem
By Wealth Foundations Borrowing to invest has appeal to some high income professionals The Global Financial Crisis clearly revealed the dangers of attempting to accelerate wealth accumulation by borrowing to invest. Many were left owing considerably more to their lenders than their investment assets were worth. However, for many high income earning professionals in their…
Why the Federal Reserve is Digging an Ever-Deeper Hole
Apparently, policymakers at the Federal Reserve are having second thoughts about the wisdom of open-ended quantitative easing (QE). They should. Not only has this untested policy experiment failed to deliver an acceptable economic recovery; it has also heightened the risk of another crisis. The minutes of the January 29-30 meeting of the Fed’s Federal Open…
18 Share Tips – 4 March 2013
Richard Batt, Shadforth Financial Group BUY RECOMMENDATIONS Breville Group (BRG) Chart: Share price over the year to versus ASX200 (XJO) The company’s recently reported first half result was in line with forecasts, but overshadowed by management flagging the potential loss of its Canadian distribution agreement for Keurig products in 2014. The share price fell significantly…
