August 10th, 2011
After another amazing night on Wall Street, The All Ordinaries index ended the day 110.6 points or 2.70% higher to close at 4207.3.
Commonwealth Bank of Australia (CBA) closed 2.01% higher at $48.23, after announcing statutory net profit after tax for the year ended 30 June 2011 was $6,394m, a 13% increase on the prior year. Cash net profit after tax for the year was $6,835m, an increase of 12%. Cash return on equity for the year ended 30 June 2011 was 19.5%, up 80 basis points, due to increasing profitability and effective capital management. A final dividend of $1.88 per share was declared, an increase of 11% on the prior year. Management expects the 2012 financial year to again be characterised by subdued system credit growth and intense competition.
Computershare Limited (CPU) closed 1.97% lower at $6.95, after announcing reported statutory basic earnings per share of 47.53 cents for the year ended 30 June 2011, a decrease of 10.4% on FY10. Management-adjusted earnings per share were 55.67 cents, a decrease of 3.7% over the prior corresponding period. A final dividend of 14 cents has been declared, unchanged from the final dividend of last year. Total revenues fell 0.1% on FY10 to $1,618.6m. Management has provided a cautious outlook for FY12 due to the impact and duration of current market volatility remaining unclear.
Major stock rises:
- Iluka Resources Limited (ILU) $16.08 +12.45%
- Harvey Norman (HVN) $1.96 +8.89%
- JB Hi-Fi Limited (JBH) $15.45 +6.70%
- Cochlear Limited (COH) $69.18 +6.43%
- Alumina Limited (AWC) $1.90 +6.15%
Major stock falls:
- Westfield Retail Trust (WRT) $2.22 -7.11%
- Stockland Group (SGP) $2.68 -3.60%
- Mirvac Group (MGR) $1.01 -3.37%
- QBE Insurance Group (QBE) $13.88 -2.39%
- Qantas Airways Limited (QAN) $1.57 -2.18%
I only wonder, what’s next?
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, share market, stock market
Posted in Articles, Blog - Australian Market Summary |
August 9th, 2011
One of the most amazing days I have seen, after falling by close to 200 points, The All Ordinaries index ended the day 40 points or 0.99% higher to close at 4096.7.
Coca-Cola Amatil Limited (CCL) closed 1.62% lower at $10.69, after announcing an interim Net Profit after Tax (NPAT) of $234.1m before significant items, an increase of 5.5% on the prior corresponding period. Reported NPAT after significant items declined after including an $80.5 million after tax significant item relating to the restructure of the SPC Ardmona business. Management noted that the direction of current trading conditions in Australia remains uncertain.
Cochlear Limited (COH) closed 1.56% lower at $65.00, after announcing an NPAT of $180.1m, up 16% on the prior corresponding period. Cochlear implant unit sales were up 17%, to 24,661 units. Management noted that there remains significant clinical demand for its products from both developed and emerging markets.
Major stock rises:
- CFS Retail Property Trust (CFX) $1.61 +5.94%
- Westfield Retail Trust (WRT) $2.39 +5.29%
- Toll Holdings Limited (TOL) $4.18 +4.50%
- BlueScope Steel Limited (BSL) $0.97 +4.30%
- Bank of Queensland Limited (BOQ) $7.14 +4.23%
Major stock falls:
- Seven West Media Limited (SWM) $2.85 -5.32%
- Primary Health Care Limited (PRY) $2.77 -4.15%
- Harvey Norman (HVN) $1.80 -3.23%
- Computershare Limited (CPU) $7.09 -3.14%
- Ansell Limited (ANN) $12.47 -2.96%
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, share market, stock market, wealth protection
Posted in Blog - Australian Market Summary |
August 8th, 2011
On the back of the news from the US, The All Ordinaries index ended the day 113 points or 2.7% lower to close at 4056.7
Its important to keep in mind that Standard & Poor’s downgrading of the US’s AAA credit rating to AA+ is based on its judgment that the debt ceiling deal agreed last week by law makers fails to cut spending enough to reduce the US’s record budget deficits.
JB Hi-Fi Limited (JBH) closed 2.4% lower at $14.00, after it announced its FY11 results today. The company reported a record normalised full year net profit after tax of $134.4m (FY10: $118.7m) from $3.0b of sales. Comparable store sales growth was -1.2%, reflecting the challenging retail environment. Management expects sales in FY12 to be circa $3.2b, an 8% increase on the prior year.
Bendigo and Adelaide Bank Limited (BEN) closed 1.5% lower at $7.95, after it announced its FY11 results today. The company reported an after tax profit of $342.1m for the 12-months ending 30 June 2011. Cash earnings were $336.2m, representing cash earnings per share of 92.3 cents, an increase of 10.8% on the prior corresponding period. Management expects earnings and the availability of funding to remain robust despite increased market volatility.
Best performers:
- Aristocrat Leisure Limited (ALL) $2.31 +0.43%
- ConnectEast Group (CEU) $0.51 0.00%
- Computershare Limited (CPU) $7.32 -0.27%
- Tabcorp Holdings Limited (TAH) $3.02 -0.66%
- ResMed Limited (RMD) $2.66 -0.75%
Major stock falls:
- Boart Longyear Limited (BLY) $3.32 -9.04%
- Investa Office Fund (IOF) $0.57 -6.61%
- Iluka Resources Limited (ILU) $14.61 -6.59%
- Treasury Wine Estates Limited (TWE) $3.04 -6.17%
- Seek Limited (SEK) $5.63 -5.85%
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.
Posted in Articles, Blog - Australian Market Summary |
March 30th, 2011
The All Ordinaries index gained 19.3 points to end the day 0.4% higher at 4,851.2. Read more…
Tags: all ordinaries index, share market, stock market
Posted in Blog - Australian Market Summary |
