August 19th, 2011
The All Ordinaries index fell 52.4 points to end the day 1.2% lower to close at 4,319.4.
AMP Limited (AMP) gained 2.6% to close at $4.26 after reporting underlying net profit after tax of $455m for the six months ended 30 June 2011, a 19% improvement on the pcp. AMP declared an interim dividend of 15cps.
Wesfarmers Limited (WES) gained 0.4% to close at $30.41 after reporting FY11 net profit after tax of $1.92bn, up 23% on the pcp. WES declared a final dividend of 85cps (ff) to bring the full year payout to $1.50/share.
Major stock rises:
- AMP Limited (AMP) $4.26 +2.65%
- David Jones Limited (DJS) $2.83 +1.80%
- Coca-Cola Amatil Limited (CCL) $11.60 +1.22%
- Macarthur Coal Limited (MCC) $15.50 +0.98%
- Downer EDI (DOW) $3.69 +0.82%
Major stock falls:
- Alumina Limited (AWC) $1.80 -4.76%
- BlueScope Steel Limited (BSL) $0.87 -4.37%
- Seven West Media Limited (SWM) $2.87 -4.33%
- Santos Limited (STO) $11.68 -3.79%
- News Corporation (NWS) $15.90 -3.28%
If you do have any questions about this or would like to know more about us, please email me at admin@bronsonfs.com.au or give us a call on (07) 5577 8653
Please Note:
This publication has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.
Tags: all ordinaries index, interest rates australian dollar, share market, stock market
Posted in Blog - Australian Market Summary |
August 17th, 2011
The All Ordinaries index gained 54.5 points to end the day 1.26% higher at 4,371.8.
CSL Limited (CSL) ended the day 2.6% lower to close at $29.07 after reporting a 10.7% fall in FY11 profit. The fall in earnings was primarily due to a $116m unfavourable foreign exchange impact as a result of the strengthening Australian dollar. CSL declared a final dividend of 45cps, flat on the pcp.
SAI Global Limited (SAI) ended the day 7% higher to close at $4.60 after reporting FY11 net profit after tax of $48m, 42% higher than the pcp. SAI declared a final dividend of 8cps (ff), bringing total dividend for the year to 14.3cps (ff).
Woodside Petroleum Limited (WPL) gained 1.2% to close at $37.76 after reporting a stronger than expected 1H11 net profit after tax of US$828m, 8.1% lower than 1H10. WPL declared an interim dividend of 55cps.
Major stock rises:
- Perpetual Ltd (PPT) $24.15 +5.50%
- Fairfax Media (FXJ) $0.83 +5.06%
- Brambles Limited (BXB) $6.93 +4.37%
- David Jones Limited (DJS) $2.78 +3.73%
- Caltex Australia Limited (CTX) $10.68 +3.69%
Major stock falls:
- Boral Limited (BLD) $3.69 -4.90%
- Paladin Energy Limited (PDN) $2.21 -3.07%
- Downer EDI (DOW) $3.66 -2.92%
- CSL Limited (CSL) $29.07 -2.65%
- Cochlear Limited (COH) $72.69 -1.62%
If you do have any questions about this or would like to know more about us, please email me at admin@bronsonfs.com.au or give us a call on (07) 5577 8653
Please Note:
This publication has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.
Tags: all ordinaries index, dow jones index, share market, stock market
Posted in Blog - Australian Market Summary |
August 16th, 2011
On a day when the banks disappointed and the rally of the past few days ended, we saw The All Ordinaries index end the day 29.5 points or 0.7% lower to close at 4,317.3.
Westpac Banking Corporation (WBC) ended the day 4.3% lower to close at $20.25 after reporting a 3.3% fall in its third quarter net profit. This result implies WBC should report a FY11 NPAT of round $6.3bn, which is slightly below current market expectations of $6.4bn.
Tabcorp Holdings Limited (TAH) gained 0.9% to close at $3.22 after reporting FY11 net profit Net Profit After Tax (NPAT) of $534.8m, up 13.9% (including one-off demerger impact) from the pcp. TAH declared a final dividend of 19cps, bringing the full year dividend to 43cps, a payout ratio of 61%.
Major stock rises:
- Stockland Group (SGP) $ 2.86 +5.54%
- Leighton Holdings (LEI) $22.50 +4.70%
- Westfield Group (WDC) $8.14 +3.69%
- UGL Limited (UGL) $12.68 +3.43%
- Macquarie Group (MQG) $25.09 +3.38%
Major stock falls:
- Alumina Limited (AWC) $1.87 -4.82%
- Westpac Banking Corporation (WBC) $20.25 -4.35%
- Newcrest Mining Limited (NCM) $38.70 -4.21%
- OZ Minerals Limited (OZL) $11.90 -3.64%
- Orica Limited (ORI) $24.25 -3.04%
If you do have any questions about this or would like to know more about us, please email me at admin@bronsonfs.com.au or give us a call on (07) 5577 8653
Please Note:
This publication has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.
Tags: all ordinaries index, dow jones index, interest rates australian dollar, share market, stock market
Posted in Blog - Australian Market Summary |
August 11th, 2011
After a wild night on Wall Street and a drop of over 80 points on the open, The All Ordinaries index ended the day 3.9 points or 0.09% lower to close at 4203.5.
Telstra Corporation Limited (TLS) closed 5.7% higher at $2.99, after announcing statutory net profit after tax for the year ended 30 June 2011 of $3,250m, a 17% decline on the prior year, exceeding analyst expectations. The company added 1.66 million new mobile phone and broadband internet customers in Australia during the fiscal year and 352,000 in Hong Kong, with annual revenue from mobile services rising 10.7% to $8.1 billion, from the previous year’s $7.32 billion.
GPT Group (GPT) ended the day 2.6% higher to close at $2.78 after it announced an upgrade to its earnings guidance for the six months ended 30 June 2011 and for the full 2011 year, reflecting the core strength and stability of the Group. The company gave interim guidance for Realised Operating Income for the six months ending 30 June 2011 to be in the range of $220m to $222m, 7-8% higher than the first half of 2010.
Major stock rises:
- Telstra Corporation Limited (TLS) $2.99 +5.65%
- News Corporation (NWS) $14.75 +3.80%
- Newcrest Mining Limited (NCM) $40.74 +3.80%
- Lynas Corporation Limited (LYC) $1.99 +2.58%
- GPT Group (GPT) $2.78 +2.58%
Major stock falls:
- David Jones Limited (DJS) $2.62 -6.43%
- Alumina Limited (AWC) $1.79 -5.79%
- Myer Holdings Limited (MYR) $2.12 -5.78%
- QBE Insurance Group (QBE) $13.19 -4.97%
- Sims Metal Management Limited (SGM) $14.31 -4.73%
When will the wild ride end?
If you do have any questions about this or would like to know more about us, please email me at admin@bronsonfs.com.au or give us a call on (07) 5577 8653
Please Note:
This publication has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.
Tags: all ordinaries index, interest rates australian dollar, share market, stock market
Posted in Articles, Blog - Australian Market Summary |
