Australian Shares

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Trading Day: 8th July

The S&P/ASX 200 opened higher and has built on these gains from very positive leads from US overnight, and now after midday is up 47 points or 1% to 4652 points. Other Asian markets have similar gains, with the Nikkei 225 up 1% at 10170 points, and the Hang Seng up 1.17% at 22,794 points.

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Trading Day – 7th July

The S&P/ASX 200 opened lower and remained low until the ABS unemployment figures were released at 11.30, and now after midday is up slightly, 2 points or 0.05% to 4607 points. Other Asian markets are mixed, with the Nikkei 225 losing 0.1% at 10072 points, and the Hang Seng up 0.4% at 22,599 points. Other

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Trading Day 6th July

The S&P/ASX 200 opened slightly lower and has remained steady throughout the trading day and is right on 4600 points just after midday after weak leads from Europe and the US overnight. Other Asian markets are also mixed, with the Nikkei 225 up 0.15% at 9988 points, and the Hang Seng down 0.4% at 22,656

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Equities Spotlight: Telstra (TLS)

Following on from last week’s analysis of the Telstra/NBN Co agreement, we shine the equities spotlight on Australia’s big telco – Telstra. The Business Telstra is Australia’s largest telecommunications company and the owner of the majority of Australia’s fixed-line copper network.  Its business can be split into the following segments: Consumer – mobile, broadband, telephony

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Trading Day: 5th July

The S&P/ASX 200 rose about 15 points on the open, but has retraced after waiting for the RBA Board decision on rates at 2.30pm AEST. It is currently 5 points or 0.12% down just after midday, at 4605 points. Other Asian markets are also mixed, with no leads to follow from Wall Street due to

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Trading Day: 4th July

The S&P/ASX 200 jumped almost 1% on the open, but has retraced after absorbing bad retail and building figures. It is currently 33 points or 0.7% up just after midday, now at 4624 points. Other Asian markets are up following the strong lead from Wall Street on Friday, with the Nikkei 225 up 1.05% at

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Weekly Market Analysis

Summary The S&P/ASX200 finished the week 83 points higher, up 1.84 per cent to close at 4,591 points on Friday. After one of the biggest one-day moves of the year, the market experienced a slight sell off on Friday to finish just below the 4600 points level. Monthly Analysis The market is almost replicating the

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Trading Day: 1st July

The S&P/ASX 200 was slated to make further gains today, but has moved down almost 24 points or just over half of one percent just after midday, now at 4584 points. This is possibly due to the weak Chinese PMI figures (forecast at an expanding 52, came in at 50.2) and the equally important Japanese

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Telstra and the NBN do a deal

A week ago Telstra (TLS) released a brief overview of the agreement reached between itself and NBN Co over the future of its network.  So a former government-owned telecommunications monopoly (turned private-sector infrastructure monolith) reached a deal on how the new, government-owned telecommunications monopoly would trash its copper network and access it’s formerly government-owned ducts

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Trading Day: 30th June

The S&P/ASX 200 jumped almost one percent at the open this morning, and has since advanced strongly to 4580 points, up 50 points or 1.1%. Asian markets are a bit maixed, with the Nikkei 225 steady at 9796 points, and the Hang Seng up 0.95% to 22,271 points. Other risk assets are also up, the

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Trading Day: 29th June

The S&P/ASX 200 jumped over one percent at the open this morning, and advanced to 4526 points, up 52 points or 1.15%. Is this on speculation of a “positive” vote in Greece on austerity, or the Senate Committee rejection of the MRRT, or a rebound rally amidst the growing bearish conditions? Asian markets are up

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Equities Spotlight: SEEK Limited (SEK)

In this week’s Equities Spotlight, we shine the torch on well-known online employment business SEEK Limited. The Business Seek (SEK) is Australia’s number one job advertising website, controlling almost 60% of the Australian and New Zeland online job-seeking market.  Founded in Melbourne in 1997, Seek now employs around 400 people and has commercial stakes in the

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Trading Day: 28th June

The S&P/ASX 200 jumped over one percent at the open this morning, but has fallen after midday, now at 4473 points, up 11 points or 0.26%. Asian markets are up, with the Nikkei 225 up 1.08 percent to 9681 points, and the Hang Seng up 0.36% to 22,121 points. Other risk assets are also up,

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Trading Day: 27th June

The S&P/ASX 200 has fallen over one percent on the open this morning, and continues to fall after midday, now at 4455 points, down 53 points or 1.19%. Asian markets are also down, with the Nikkei down 0.86 percent to 9595 points, and the Hang Seng down 0.55% to 22,048 points. Other risk assets are

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Un-normal analysis

Broker analysis relies heavily on looking at the fundamentals: assessing earnings forecasts, the validity of future earnings multiples, and discounting back to the present from the future. That tends to be highly normative. That is, it works best when markets revert to the norm: normal consumer demand, normal economic activity, normal price earnings ratios and

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Trading Day: 24th June

The S&P/ASX 200 has steadied after midday, now at 4498 points, down 0.04%, after opening slightly higher. Asian markets are mainly up, with the Nikkei up 0.28 percent to 9624 points, and the Hang Seng up strongly, 1.22% to 22,025 points. Other risk assets are mixed, although the AUD is just below 1.055 against the

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Fosterised

The bid by SAB Miller for Foster’s almost certainly won’t go anywhere in its current form. But it is another blow to the non-resources industry base of Australia. What will Australians have to invest in on the ASX when large chunks of our industry base have become the part of someone else’s global food chain?

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Trading Day: 23rd June

The S&P/ASX 200 has fallen over 20 points today, but has steadied after midday, now at 4512 points, down 0.44%, on the back of reduced GDP growth from the US. Asian markets are all down on the news, with the Nikkei down 0.37 percent to 9594 points, the Hang Seng also down 0.7% and Singapore

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Equity Spotlight: Cochlear

This week’s Spotlight will be on a company I believe is probably the best listed stock on the ASX – Cochlear Ltd (COH). Not only is it a great performer, with sound management and excellent returns for shareholders, it is an innovative company that should be a template for how our economy should present itself

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Trading Day: 22nd June

The S&P/ASX 200 jumped over 1% on the open again from positive leads from Greece, but has steadied after midday, now at 4540 points, up 32 points or 0.71% Asian markets have also responded in kind, with the Nikkei up over 1.3 percent to 9582 points, the Hang Seng also up 0.7% and Singapore lagging

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The great equities mystery

Brokers like to either sit on the fence or look like gurus. Let’s have a look at two examples of both. Citi is opintnig out that over the last two months, the Australian market has corrected a little more than the US and other major markets, partly a result of commodity prices pulling back and

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Update: Fosters should sell, maybe

News is out that Fosters Group (FGL) just knocked back a buy-out bid by SABMiller worth $9.5billion, claiming it significantly undervalues the company.  That’s a big call by the beer barons; the bid represented a per-share value of $4.90 and Fosters is trading around $4.50.  Let’s see if it stacks up based on the fundamentals. Fosters’ fundamentals

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Trading Day: 21st June

The S&P/ASX 200 jumped over 1% on the open from positive leads from US markets, but has stalled after midday, now at 4490 points, up 38 or 0.9%. Asian markets are up, with the Nikkei up nearly 1 percent to 9436 points (just above its medium term support), the Hang Seng also up 0.47% and

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Catching a falling knife

Those who keep an eye on the Australian share market could not have helped but have noticed its direction of late – down.  The ASX200 has lost 10% since April, as shown in the graph below. No doubt a number of traders have profited from the correction, with those possessing the best line drawing skills

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Trading Day: 20th June

The S&P/ASX 200 rebounded on the open from positive leads from “rally” in US and EU markets on Friday, but has since gone slightly in the red, or 2.5 points down, back below 4500 points just after midday. Asian markets are actually up, with the Nikkei up over half a percent to 9406 points (just

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The neglected art of selling

By low, sell high!  That oft-used 80s catch cry is what all investors should aim to do.  In most cases the first part – buy low – can often be the easiest part to do.  I could have picked 10 random stocks from the ASX200 in March 2009 and I’d be on a winner because

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Equity Spotlight: JB Hi-Fi

Following on from Q Continuum’s post on investing during sideways markets, today we shine the light on Australia’s best retail stock, JB Hi-Fi (JBH). Interestingly, this position is not shared with the current marketplace, as JBH remains the No.1 stock to sell short (i.e to profit on a fall in price), with over 14% of

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Trading Day: Friday 17th June

The S&P/ASX 200 rebounded on the open from positive leads from the US overnight, but has since reversed back below 4500 points just after midday. The index is up 7 points or 0.17% to 4486. Asian markets are similarly effected, with the Nikkei down slightly, the Hang Seng down 0.18% and Singapore 0.14%. Other risk

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Trading Day: game over

The S&P/ASX 200 opened down sharply reacting in line with overnight markets which were all down 1 to 1.5%, reversing yesterday’s gains. At just after midday, the index has lost just over 60 points or 1.31% down to 4510. Asian markets are similarly effected, with the Nikkei down 1.1%, the Hang Seng down 1.4% and

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Trading Day: jitters continue

The S&P/ASX 200 opened slightly down, reacting strangely to overnight markets which were all up 1 to 1.5%, and at mid-afternoon has lost just over 24 points or 0.5% to 4561 probably in response to Glenn Stevens inflation rhetoric about future rate rises. Asian markets are mixed, with the Nikkei down 0.13%, the Hang Seng