Australain Share Market Update, August 9, 2011
August 9, 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.
Changes to bank lending
March 9, 2011
Early in February a change to mortgage lending rules came in that I think requires a bit of discussion – its also worth bringing up as many people still don’t get that bank lending practices are a key determinant in the growth of the value in residential property. Read more
Australian Share Market Update, February 28th, 2011
March 1, 2011
The All Ordinaries index ended the day 2.3 points lower to close at 4,922.6. Read more
Aged Care and Family Communication
January 27, 2011
This week we did some work with a family where the mother of the family, at the sprightly age of 90 has just decided to move into a residential aged care facility. Read more
Your Personal Risk Management Strategies
January 27, 2011
Much has been written recently about how to restructure investment portfolios and what to do with your money given the current turmoil surrounding investment markets.
Retirement – Are you ready?
January 27, 2011
It’s not hard to lose a couple of hours daydreaming about THE TRIP whether it be touring through Europe, or tripping round Australia caravanning under the stars surrounded by miles of emptiness. Most of us hope to do such a trip when we retire along with the hobbies and activities that so far have been pushed aside as we grapple with the mortgage and the school fees. Read more
Who gets financially stressed?
January 27, 2011
With rising interest rates and increasing costs of living, we are being bombarded with stories of gloom and doom as families increasingly battle to feed the kids and pay the mortgage. Read more
Women Managing Money
January 27, 2011
I had a bit of a flick through the Financial Literacy Foundation’s recent report Financial Literacy Women Understanding Money and came across some positive results for women in general. Read more
Teenagers and their money
January 27, 2011
Remember the days when you knocked on the neighbours’ doors after school offering to wash the car or do the babysitting for a few bucks in the pocket. Those days are long gone with many teenagers today juggling formal part time work alongside their education. A recent survey noted that nearly half of those aged up to 19 and studying full time were also in paid work.
It’s good to see many of the younger generation are out there working and learning about responsibility. Some of today’s teenagers however are earning a sizeable income with Australian Bureau of Statistics showing year 12 students are today receiving an average of $245 a week. That’s a far cry from a few bucks earned from Dad for washing the car back in my day.
I’m not sure why the Y generation isn’t called the I generation given the amount of i-gadgets and i-gizmos in the market place, but regardless of whether you think they are the “Y” or “I” generation, a Commonwealth Bank survey[1] found many of these young Australians have no plans to save or budget, yet most of them still plan to buy a car or go on an overseas holiday.
What’s frightening is that nearly three quarters of those surveyed had some form of debt, with around half not concerned about their debts stating they do not let the amount of debt they are in affect their daily lives. While the easy availability of credit is causing some problems, it seems that mobile phones consistently seems to top the list for causing debt. It makes you wonder how important those gadgets are …. but I digress.
The good news is that young people are keen to learn about managing their money. The report Financial literacy: Australians understanding money by the Financial Literacy Foundation noted that the majority of teenagers want to learn about budgeting, saving and managing debt and see leaving school as a significant milestone in which they can start gaining control over their finances.
So if you have a significant young person in your life, or you happen to belong to the Y generation, it’s never too early to start down the path of managing money. Start surfing, web surfing that is, because there lots of great websites full of ideas and practical tips that set young people on the right path to managing their money. The Financial Planning Association for example has created Dollarsmart, a web based and CD financial toolkit for teenagers to help improve their financial skills and give them confidence when dealing with financial matters throughout their life.
It might also be of use to start looking for a financial planner who can help you on the road to accumulating enough assets so that you get to decide when work becomes optional. A good place to start is with the planner your parents use, check the websites and make a few calls, it could be an excellent investment for you to make.
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.
How your lifestyle effects your insurance
January 27, 2011
Did you know a third of our population is on a diet and another third of our population is trying to maintain their weight at any one time! Read more