Australian Share Market Update 18th August, 2011
August 19, 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.
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.
Australian Share Market Update August 11, 2011
August 11, 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.
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Australian Share Market Update, February 3rd, 2011
February 4, 2011
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Australian Share Market Update, February 1, 2011
February 2, 2011
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Mortgage Stress and your life insurance
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2009/10 – The Financial Year in Review
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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