K64 Auxiliary Finance and Insurance Services

CSL could be the next to reach the dizzy heights of $100 a share

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Original article by Misa Han
The Australian Financial Review – Page: 22 : 6-Mar-15

Shares in CSL are trading at $A92.18, and there is speculation that the stock will breach the $A100 level. Goldman Sachs is among the CSL bulls, with a share price target of $A107, although the average 12-month share price target of analysts polled by Bloomberg is just $A90.23. CSL shares rose above $A100 in September 2007, although the group then opted for a stock split. Wilson HTM Investment Group says it could do so again if the stock reaches $A100

CORPORATES
CSL LIMITED – ASX CSL, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, BLOOMBERG LP, WILSON HTM INVESTMENT GROUP LIMITED – ASX WIG, RIO TINTO LIMITED – ASX RIO, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, DEUTSCHE BANK AG, SONIC HEALTHCARE LIMITED – ASX SHL, RESMED INCORPORATED – ASX RMD, HEALTHSCOPE LIMITED – ASX HSO, ANSELL LIMITED – ASX ANN, NIB HOLDINGS LIMITED – ASX NHF, RAMSAY HEALTH CARE LIMITED – ASX RHC, COCHLEAR LIMITED – ASX COH, MEDIBANK PRIVATE LIMITED – ASX MPL, STANDARD AND POOR’S ASX 200 INDEX

Hedge funds line up takeover targets

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Original article by Bianca Hartge-Hazelman
The Australian Financial Review – Page: 23 : 6-Mar-15

Regal Funds Management’s Julian Barbarczy says a number of factors could result in higher-than-average mergers and acquisitions activity in Australia during 2015. He stresses that investors should decide to buy a stock after considering a range of factors rather than just its potential to become a takeover target. Recent strong share price gains have prompted speculation that suitors could soon be circling stocks such as Treasury Wine Estates, DUET Group, Syrah Resources, Challenger, Qube Holdings and Sirius Resources

CORPORATES
REGAL FUNDS MANAGEMENT PTY LTD, TREASURY WINE ESTATES LIMITED – ASX TWE, DUET GROUP – ASX DUE, SYRAH RESOURCES LIMITED – ASX SYR, CHALLENGER LIMITED – ASX CGF, QUBE HOLDINGS LIMITED – ASX QUB, SIRIUS RESOURCES NL – ASX SIR, CLIME ASSET MANAGEMENT PTY LTD, PM CAPITAL LIMITED, STANDARD AND POOR’S ASX 200 INDEX, TELSTRA CORPORATION LIMITED – ASX TLS, LIVEWIRE MARKETS, SPARK INFRASTRUCTURE GROUP – ASX SKI, APA GROUP – ASX APA, TOLL HOLDINGS LIMITED – ASX TOL, ASCIANO LIMITED – ASX AIO

SunRice targets ASX listing for capital

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Original article by Tim Binsted
The Australian Financial Review – Page: 29 : 5-Mar-15

SunRice Australia’s non-voting shares currently trade on the National Stock Exchange, but the group proposes to shift the B-Class shares to the ASX. Rice growers will continue to be the sole owners of voting stock should the proposal go ahead. Les Gordon, the president of the Ricegrowers Association of Australia, says growers have generally responded positively to the proposal

CORPORATES
SUNRICE AUSTRALIA PTY LTD, NATIONAL STOCK EXCHANGE OF AUSTRALIA LIMITED, ASX LIMITED – ASX ASX, MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, FONTERRA CO-OPERATIVE GROUP LIMITED, MACQUARIE CAPITAL PTY LTD, RICEGROWERS’ ASSOCIATION OF AUSTRALIA INCORPORATED

IFM ready to snap up oil assets

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Original article by Amanda Saunders
The Australian Financial Review – Page: 28 : 5-Mar-15

IFM Investors CEO Brett Himbury has indicated that the group is looking to invest in Australian oil and gas pipeline assets. Potential acquisitions could include the Gladstone LNG pipeline in Queensland and the Australia Pacific LNG pipeline, which may both be put on the market. IFM recently missed out on the sale of BG’s gas pipeline in Queensland, which will be acquired by APA Group

CORPORATES
IFM INVESTORS PTY LTD, SANTOS LIMITED – ASX STO, ORIGIN ENERGY LIMITED – ASX ORG, GLADSTONE LNG PTY LTD, AUSTRALIA PACIFIC LNG LIMITED, BG GROUP PLC, APA GROUP – ASX APA, DUET GROUP – ASX DUE, FREEPORT LNG DEVELOPMENT LP, QIC LIMITED, AMP CAPITAL INVESTORS LIMITED, CHINA INVESTMENT CORPORATION

Rate pause clobbers share prices

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Original article by Jacob Greber, Max Mason
The Australian Financial Review – Page: 1 & 8 : 4-Mar-15

The Australian sharemarket fell sharply and the dollar rallied after the Reserve Bank defied expectations and left official interest rates on hold on 3 March 2015. The benchmark S&P/ASX 200 Index ended the session at 5,933.9 points, and Tony Paterno of Ord Minnett says it is now unlikely to breach the 6,000-point level in the near-term. The central bank has maintained its easing bias, with governor Glenn Stevens indicating that there may be further rate cuts if this is deemed appropriate

CORPORATES
RESERVE BANK OF AUSTRALIA, STANDARD AND POOR’S ASX 200 INDEX, ORD MINNETT GROUP LIMITED, DEUTSCHE BANK AG, AUSBIL INVESTMENT MANAGEMENT LIMITED, CONTANGO ASSET MANAGEMENT LIMITED, RP DATA LIMITED, CORELOGIC AUSTRALIA PTY LTD, AUSTRALIAN BUREAU OF STATISTICS, UBS HOLDINGS PTY LTD, AUSTRALIA. DEPT OF THE TREASURY

Banks to put out welcome mats for the disruptors

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Original article by James Eyers
The Australian Financial Review – Page: 13 & 17 : 4-Mar-15

The New South Wales Government has unveiled plans for a financial technology hub in the Sydney CBD. The Stone & Chalk hub will receive financial backing from a range of companies, including major banks, insurers, retailers and technology groups. The hub will provide financial technology start-ups with subsidised office space and facilities to work with financial and technology companies to further develop their business

CORPORATES
NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, AMP LIMITED – ASX AMP, MACQUARIE GROUP LIMITED – ASX MQG, HSBC AUSTRALIA HOLDINGS PTY LTD, SUNCORP BANK, INSURANCE AUSTRALIA GROUP LIMITED – ASX IAG, WOOLWORTHS LIMITED – ASX WOW, VEDA GROUP LIMITED – ASX VED, AMERICAN EXPRESS COMPANY, AMAZON.COM INCORPORATED, INTEL CORPORATION, ORACLE CORPORATION, FINZSOFT SOLUTIONS (AUSTRALIA) PTY LTD, ALLENS, KPMG AUSTRALIA PTY LTD, CAPITAL MARKETS CO-OPERATIVE RESEARCH CENTRE LIMITED, CENTRE FOR INTERNATIONAL FINANCE AND REGULATION, FINANCIAL SERVICES INSTITUTE OF AUSTRALASIA, AWI VENTURES LIMITED, SOCIETYONE AUSTRALIA PTY LTD, LEVEL39, LIBERAL PARTY OF AUSTRALIA

Dividends keep climbing despite weak corporate profits

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Original article by Max Mason
The Australian Financial Review – Page: 13 & 18 : 4-Mar-15

Data from JP Morgan shows that the dividend payout ratio for companies in the S&P/ASX 200 increased by about five per cent overall during the February 2015 reporting season. Deutsche Bank in turn estimates that underlying earnings growth rose by about two per cent overall. The benchmark index gained 6.1 per cent during February. Meanwhile, JP Morgan and Citigroup have both scaled back their expectations for growth in earnings per share for the full year

CORPORATES
JP MORGAN AUSTRALIA LIMITED, STANDARD AND POOR’S ASX 200 INDEX, DEUTSCHE BANK AG, CITIGROUP PTY LTD, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, UBS HOLDINGS PTY LTD, CONTANGO ASSET MANAGEMENT LIMITED, RESERVE BANK OF AUSTRALIA, FIDELITY INVESTMENTS AUSTRALIA LIMITED, S&P CAPITAL IQ

Orica launches $400m share buyback

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Original article by Tim Binsted
The Australian Financial Review – Page: 17 : 3-Mar-15

Australian-listed Orica has revealed plans for an on-market share buyback from mid-March 2016. The explosives group intends to repurchase up to $A400m worth of shares over the next 12 months, following the sale of its chemicals division to Blackstone for $A750m. The private equity firm has announced that the business will be known as Ixom. It boasts EBIT of around $A110m and revenue of $A1.2bn

CORPORATES
ORICA LIMITED – ASX ORI, THE BLACKSTONE GROUP LP, IXOM, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, CITIGROUP PTY LTD, LAZARD PTY LTD, FONTERRA CO-OPERATIVE GROUP LIMITED, NUFARM LIMITED – ASX NUF, CALTEX AUSTRALIA LIMITED – ASX CTX, SYDNEY WATER CORPORATION, BLUESCOPE STEEL LIMITED – ASX BSL

Stunned traders caught in the glare of ASX200’s headlights

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Original article by John Wasiliev
The Australian Financial Review – Page: 28 : 3-Mar-15

The Australian sharemarket reached its highest level in seven years on 2 March 2015, ahead of the Reserve Bank’s monthly board meeting. More than 50 per cent of economists expect the central bank to reduce the cash rate again, after a 25 basis point cut in February. However, opinion is divided as to whether the benchmark S&P/ASX 200 will breach the 6,000-point level in the near-term

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, CMC MARKETS PTY LTD, RESERVE BANK OF AUSTRALIA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, TELSTRA CORPORATION LIMITED – ASX TLS, INSURANCE AUSTRALIA GROUP LIMITED – ASX IAG, FAIRFAX MEDIA LIMITED – ASX FXJ, WORLEYPARSONS LIMITED – ASX WOR, TOLL HOLDINGS LIMITED – ASX TOL, WOOLWORTHS LIMITED – ASX WOW, MYER HOLDINGS LIMITED – ASX MYR, WESFARMERS LIMITED – ASX WES, IG MARKETS LIMITED, OANDA AUSTRALIA PTY LTD, THINKFOREX

Bets mount on second cash rate cut in weeks

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Original article by Mark Mulligan
The Australian Financial Review – Page: 22 : 2-Mar-15

Futures traders expect the Australian sharemarket to lose ground when trading resumes on 2 March 2015. With the reporting season over, investors are likely to focus on economic data to be released in the coming week, as well as the Reserve Bank’s monthly board meeting. The recent release of disappointing capital expenditure data has heightened speculation that the central bank could reduce the cash rate again in March, following a 25-basis point cut in February

CORPORATES
RESERVE BANK OF AUSTRALIA, BANK OF AMERICA AUSTRALIA LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, UBS HOLDINGS PTY LTD, PEOPLE’S BANK OF CHINA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, STANDARD AND POOR’S ASX 200 INDEX, WOOLWORTHS LIMITED – ASX WOW