Australian Share Market Update August 17th, 2011
August 17, 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.
Australian Share Market Update, August 16th, 2011
August 16, 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.
2009/10 – The Financial Year in Review
July 2, 2010
After the Global Financial Crisis that seemed to dominate 2007/08 and 2008/09, in 2009/10, the focus has now shifted to shifted to sovereign debt issues. In November last year the concern was that Dubai would default on its debt obligation. The focus then shifted to Greece with worries that contagion would spread to other countries such as Portugal, Ireland, Spain, Italy and Iceland. Read more