Hi Gareth, a pure trading opportunity. A considerable amount of the register is short and new all-time highs means every short seller will be losing money, underwater and under pressure to cover.
For the first time in four months Australian retail sales beat expectations last week too.
Cash earnings $6.498bn (consensus $6.428bn, so +1.1%), margins 2.22% (consensus 2.22%), revenue up 3.0%, costs down 3.3%, bad debt charge $1,197 (consensus $1,209), H2 dividend 91 cents (I had 87 cents). Deposit growth 12%, loan growth 10%. Core Equity Tier One +47bps to 8.5%. Australian business profit +11%, International & Institutional +15%, NZ profit +29%, Wealth +36%.\r So all looks pretty good, slightly ahead, dividend stronger, margins in line with expectations.\r Briefing 10am.
o I think there is a good trading opportunity in BSL. Yesterday we saw Non-Executive Director at BlueScope John Bevan announce on market he picked up $50,000 worth of stock, Credit Suisse has an Outperform rating with a $6.40 price target and Goldman Sachs Global Investment Research released a note yesterday quoting 42% of their global Investment Banking Relationships rate BSL as a BUY. From to current levels to around $6.00 is a smooth 10% return, last trading at 5.40.
I think there is a good trading opportunity in BSL. Yesterday we saw Non-Executive Director at BlueScope John Bevan announce on market he picked up $50,000 worth of stock, Credit Suisse has an Outperform rating with a $6.40 price target and Goldman Sachs Global Investment Research released a note yesterday quoting 42% of their global Investment Banking Relationships rate BSL as a BUY. From to current levels to around $6.00 is a smooth 10% return, last trading at 5.40.
Buy the rumour sell the fact!
What a great day to list, the market is up 44 points breaking a 5 day losing streak. Let's see how the price looks at 4:10pm.
That's how you do a raising!
The languishing share price is surprising, Australian Agricultural Company has immense property assets and a world ranking as a well-managed agribusiness utilizing scientifically based best practice standards. As trade agreements with Asian countries Japan, South Korea, Singapore, and perhaps China are good news for Australia's agriculture sector and in particular for AAC, this is a good example of an event based catalyst for a technical trade. AAC was up 5% yesterday and is matching up 1% today.
The result last week highlighted a strong performance from BKW's building products division which offset declines in its property and investment arms. I think the worst is behind BKW, significantly higher earnings are expected from the building products division in second half results and the company noted Overall, full year earnings will comfortably exceed the year earlier figures. Get long.
The major investment in Washington H. Soul Pattinson (ASX: SOL) provides non-cyclical diversification. This investment of 43% in Washington H. Soul Pattinson has provided a stabilizer to the often unpredictable Building Products Group. Therefore, as a diversified business, Brickworks is less exposed to market volatility, enabling long term strategic decisions to be made.
Northern Star Resources Ltd (ASX:NST) is one company reporting today to watch today as well.
There are high barriers to entry in this space - specialist and emergency vet centres stand to benefit from the increasing technological advances that have occurred in veterinary medicine which require expensive specialised equipment and facilities....
The number of registered Veterinarians have grown by 73% over the decade with numbers to exceed 11,000 in FY 2013!
Hi Alex, feel free to drop me a email or a quick call and I can give you some details.
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