SHARE PRICES – AUSTRALIA

Wobbles in equity markets make real estate more attractive

roymorgansocial Leave a comment

Original article by Robert Harley
The Australian Financial Review – Page: 38 : 13-Aug-15

When equities become volatile, investors turn their attention to property which may not now produce attractive returns but at least offers a higher degree of safety. DEXUS Property Group CEO Darren Steinberg stresses "a really consistent performance" of Australian-listed real estate investment trusts (REITs). The REIT sector fell only 0.3 per cent over the last three months, compared with a decline of 5.9 per cent in the S&P/ASX 200 over the same period.

CORPORATES
DEXUS PROPERTY GROUP – ASX DXS, INVESTA PROPERTY GROUP, GIC AUSTRALIA PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, STANDARD AND POOR’S ASX 200 INDEX

ASX bounces back as buyers return to banks

roymorgansocial Leave a comment

Original article by Vanessa Desloires
The Australian Financial Review – Page: 30 : 11-Aug-15

The Australian sharemarket closed higher on 10 August 2015. The S&P/ASX 200 index climbed 0.6 per cent to 5,509.2 points, while the All Ordinaries gained 0.6 per cent to 5,504.9. The big four banks regained some of their recent losses, with shares in the ANZ Bank rising 1.5 per cent to $A30.60 and Commonwealth Bank closing up one per cent at $A82.14.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, CITI AUSTRALIA PTY LTD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, IG MARKETS LIMITED, ST GEORGE BANK LIMITED, SHANGHAI COMPOSITE INDEX, JB HI-FI LIMITED – ASX JBH, WESFARMERS LIMITED – ASX WES, WOOLWORTHS LIMITED – ASX WOW, RIO TINTO LIMITED – ASX RIO, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP BILLITON LIMITED – ASX BHP

Quickflix shares halted amid buy fervour

roymorgansocial Leave a comment

Original article by Max Mason
The Australian Financial Review – Page: 18 : 31-Jul-15

Shares in Quickflix were suspended from trading at $A0.002 on 30 July 2015, ahead of an announcement on a possible deal with an offshore group. Quickflix did not specify whether it is the potential target or the acquirer, but the trading halt has prompted speculation that the video-on-demand and DVD rental group will be taken over. It is estimated that Australia’s streaming video industry boasts about two million subscribers.

CORPORATES
QUICKFLIX LIMITED – ASX QFX, NETFLIX INCORPORATED, PRESTO ENTERTAINMENT PTY LTD, STAN ENTERTAINMENT PTY LTD, FOXTEL MANAGEMENT PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, HBO, SEVEN WEST MEDIA LIMITED – ASX SWM

Atlas Iron shares slide after return to trading

roymorgansocial Leave a comment

Original article by Peter Ker, Tess Ingram
The Australian Financial Review – Page: 16 : 28-Jul-15

More than 266 million Atlas Iron shares changed hands on 27 July 2015, after the stock traded for the first time since April. The iron ore producer’s shares closed at $A0.036 after reaching an intra-day low of $A0.031, and Matthew Keane of Argonaut believes that the stock could fall further Atlas shares were placed in a trading halt at $A0.12 in April, and the latest slump has reduced its market capitalisation to just $A95.9m.

CORPORATES
ATLAS IRON LIMITED – ASX AGO, ARGONAUT SECURITIES PTY LTD, BGC CONTRACTING PTY LTD, McALEESE LIMITED – ASX MCS

Large caps shine in under-loved index

roymorgansocial Leave a comment

Original article by Vanessa Desloires
The Australian Financial Review – Page: 23 : 24-Jul-15

Analysis by Morningstar shows that the Australian sharemarket is currently trading at a price/earnings ratio of 15.5. The market’s earnings yield is 6.5 per cent, while the yield on 10-year bonds is around three per cent. Morningstar believes that the local sharemarket still offers value, and it favours large-capitalisation stocks such as National Australia Bank, BHP Billiton, Veda Group, Santos and Goodman Group.

CORPORATES
MORNINGSTAR PTY LTD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, BHP BILLITON LIMITED – ASX BHP, VEDA GROUP LIMITED – ASX VED, PLATINUM ASSET MANAGEMENT LIMITED – ASX PTM, GOODMAN GROUP – ASX GMG, SANTOS LIMITED – ASX STO, AWE LIMITED – ASX AWE, ALUMINA LIMITED – ASX AWC, ATLAS IRON LIMITED – ASX AGO, FORTESCUE METALS GROUP LIMITED – ASX FMG, ARRIUM LIMITED – ASX ARI, STANDARD AND POOR’S ASX 200 INDEX, AMP CAPITAL INVESTORS LIMITED, UNITED STATES. FEDERAL RESERVE BOARD

Primary Health scare on profit slump

roymorgansocial Leave a comment

Original article by Jessica Gardner
The Australian Financial Review – Page: 18 : 17-Jul-15

Shares in Primary Health Care fell by $A0.42 to $A4.77 on 16 July 2015, after the group advised that its 2014-15 EBITDA will around $A400m, which is similar to the previous year. Primary had previously forecast that its EBITDA would be within the range of $A410m to $A425m. Primary has also indicated that it now expects a tax refund of about $A50m, compared with earlier expectations of $A130m.

CORPORATES
PRIMARY HEALTH CARE LIMITED – ASX PRY, AUSTRALIAN TAXATION OFFICE, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, CITIGROUP PTY LTD, UBS HOLDINGS PTY LTD, STANDARD AND POOR’S ASX 200 INDEX

Perpetual takes $1.6 billion hit

roymorgansocial Leave a comment

Original article by Ruth Liew, Vanessa Desloires
The Australian Financial Review – Page: 22 : 16-Jul-15

Listed wealth manager Perpetual has advised that its funds under management fell from $A34.7bn to $A30.2bn in the June 2015 quarter. Equities accounted for the bulk of the $A1.6bn worth of net outflows for the quarter. The group had reported net inflows for each of the previous seven quarters. CEO Geoff Lloyd has refuted suggestions that the rise in outflows is linked to the resignation of Matt Williams as head of equities. Perpetual shares closed 6.6 per cent lower at $A45.60 on 15 July.

CORPORATES
PERPETUAL LIMITED – ASX PPT

Bell Financial Group rings in strong first half

roymorgansocial Leave a comment

Original article by Joyce Moullakis
The Australian Financial Review – Page: 16 : 10-Jul-15

Australian-listed Bell Financial Group has posted an $A8m consolidated unaudited profit for the first six months of 2015. This was 300 per cent higher than its result for the same period in 2014. Group revenue was 18 per cent higher, with equity capital markets and equities execution revenue up 37 per cent and 16 per cent respectively. The group’s shares closed 11.6 per cent higher at $A0.48 on 9 July.

CORPORATES
BELL FINANCIAL GROUP LIMITED – ASX BFG, ASX LIMITED – ASX ASX, CHI-X AUSTRALIA PTY LTD, BELL DIRECT

Iron ore price slump hits mining majors

roymorgansocial Leave a comment

Original article by Amanda Saunders
The Australian Financial Review – Page: 17 : 7-Jul-15

The iron ore price’s fall to $US54 per tonne weighed heavily on Australian-listed producers of the steel input on 6 July 2015. Rio Tinto shed 2.57 per cent to close at $A51.16 and Fortescue Metals Group was down 5.7 per cent at a six-year low of $A1.71. Their break-even prices are estimated to be around $US32 and $US39 per tonne respectively.

CORPORATES
RIO TINTO LIMITED – ASX RIO, FORTEK COMPUTERS LIMITED, VALE SA, UBS HOLDINGS PTY LTD, BARCLAYS BANK PLC

Late rally ends dismal three months for ASX

roymorgansocial Leave a comment

Original article by Vanessa Desloires
The Australian Financial Review – Page: 28 : 1-Jul-15

The Australian sharemarket posted solid gains on 30 June 2015, with the S&P/ASX 200 adding 36 points to close at 5,459. Newcrest Mining was down 0.8 per cent at $A13.02 and Slater & Gordon was five per cent lower. However, the Commonwealth Bank advanced 0.5 per cent to end the session at $A85.15 and Kathmandu Holdings rose by 25.6 per cent to finish at $A1.57 in response to a takeover bid. The S&P/ASX 200 fell by 4.8 per cent in June and 7.3 per cent during the fourth quarter of 2014-15.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, NEWCREST MINING LIMITED – ASX NCM, SLATER AND GORDON LIMITED – ASX SGH, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, KATHMANDU HOLDINGS LIMITED – ASX KMD, TELSTRA CORPORATION LIMITED – ASX TLS, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, EVOLUTION MINING LIMITED – ASX EVN, NORTHERN STAR RESOURCES LIMITED – ASX NST, CMC MARKETS PTY LTD, ST GEORGE BANK LIMITED, CAPITAL ECONOMICS LIMITED, BRISCOE GROUP LIMITED, INTERNATIONAL MONETARY FUND, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, SHANGHAI COMPOSITE INDEX, NIKKEI 225 INDEX