During the late 1980’s a German pop band named Milli Vanilli became an overnight sensation. Their success was driven by the release of the album Girl You Know It’s True in 1989, which included several top-five hits and resulted in them winning the 1990 Grammy Award for Best New Artist.... Show More
A very weak session for local stocks even though the index finished flat with early optimism sold into fairly aggressively, particularly on the close despite US Futures trading higher / S&P pointing to a rise of 0.5% in the US tonight. The domestic trading desks we deal with are all... Show More
Local market popped on the open with French election result before sliding to close a slight positive day. The French elections goes to stage 2 as both major parties miss out…Le Pen faces Macron in final round of French presidential election…market remains positive that EU will survive on the back... Show More
Local market flip-flopped to finish aimlessly flat on weak commodity prices and no real global sentiment. Telecom, Energy and Health Care moved the market higher with support from Financials while Metals & Miners and Gold were the underperformers. The circus that is a bank inquiry continues to turn up entertainment... Show More
Afternoon market report with the Australian market running out of steam into the weekend: Show More
First strike at Goodman Group, Empire Oil and Gas, and at Mineral Resources, second strike and board spill at Zeus Resources. Second strike but no Board Spill at Liquefied Natural Gas. Today's Daily AGM Note has the details, plus a selection of voting outcomes from other AGMs today, including Village... Show More
Australian inbound tourism data for July 2016 has just been released, and shows some positive trends, including: Total inbound for July 2016 at 716k (+14.1% pcp); 12 Months to July 2016 at 7.94m (+10.6% pcp v 10.0% at end June 2016); Leisure 12 months to July 2016 at 6.0m (+14.8%... Show More
Jeremy Bendeich, Chief Investment Officer and Portfolio Manager of Avoca says: "We see good potential for inbound tourism plays as the Australian dollar falls. However, finding quality plays at reasonable prices is difficult. Much of Australia’s tourism infrastructure is cum-capex. Also, most of Australia’s unique and protected tourism assets –... Show More
Today's Daily AGM note is now available - it is updated progressively through the day and it's been quite a day at both AGMs and EGMs today - and aside from Village Roadshow receiving a first strike against its remuneration report, Acorn Capital Investment Fund Limited and Gowing Brothers received... Show More