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  • 2012 March | Online Stockmarket Trading Update

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    Original URL path: /2012/03/ (2013-02-02)



  • 2012 February | Online Stockmarket Trading Update
    by LCT and Otsuka Pharmaceutical Factory Inc to commercialise xenotransplantation for the treatment of Type 1 diabetes LCT has a 50 per cent shareholding in DOL and a service agreement to supply research and development and administrative services to the joint venture Under the Services and Products agreement DOL will supply pig cells to LCT for use in developing new xenotransplantation treatments in non diabetes related disease areas including neurodegenerative disorders Living Cell Technologies LCT is developing cell based products to treat life threatening human diseases The Company holds 50 of Diatranz Otsuka Limited which owns a bio certified pig herd that it uses as a source of cells and DIABECELL which is designed to help normalise the lives of people with unstable Type 1 diabetes especially those suffering from life threatening episodes of unaware hypoglycaemia low blood sugar a dangerous and potentially fatal diabetes complication Using breakthrough proprietary microencapsulation technology IMMUPELTM which enables implantation of cell based therapeutics without immunosuppression LCT is developing NTCELL a choroid plexus cell product which is currently in preclinical development to treat neurodegenerative diseases such as Parkinson s disease Huntington s disease stroke and hearing loss LCT also offers medical grade porcine derived products for the repair and replacement of damaged tissues as well as for research and other purposes www lctglobal com http www traderdealer com au fundamentals lct Tags Auckland Island Pigs Biotechnology European Patent LCT Living Cell Technologies Patent Granted Posted in ASX Company News No Comments Stock Market Analysis Risk On Trading Pushes Markets But Energy Prices Bite Tuesday February 28th 2012 US stock markets recovered from early selling ending the day still at three and a half year highs as traders held their nerve helped by better than expected reports on home sales and consumer sentiment European stocks ended in the red but well off lows overnight as the German parliament approved the second bailout package The Stoxx Europe 600 index closed down 0 3 Asian stock markets ended mostly lower yesterday as the impact of higher energy prices started to concern investors as it is yet another headwind for global growth Commodities prices were lower with Gold prices traded around US1 768 and while crude oil closed around US108 The SPI Futures is trading above the key pivot level of 4180 ending flat or 1 point at 4 269 The key levels for our index today are 4230 to 4300 Australian shares are expected to ease today as the Aussie reporting season continues The Gillard government gets back to business today Markets ended flat in the US and Europe overnight See below for ASX listed companies in the news today US Markets US stock markets recovered from early selling ending the day still at three and a half year highs as traders held their nerve helped by better than expected reports on home sales and consumer sentiment The Dow Jones Industrial Average failed to hold above 13 000 again its fifth attempt In the broader market the S P 500 stock index and the tech heavy Nasdaq finished modestly higher The Consumer Discretionary and Financials sectors led the gains and the Energy sector faded on the back of lower crude oil prices as crude fell for the first session in the past eight Banks rose for the session and Disney rose 0 9 after analysts at Goldman Sachs nominated it as one of their favourite stocks Sentiment was boosted after readings on the U S housing market as an index of pending sales of existing homes in January increased 2 on a monthly basis to 97 0 and the number of home buyers who signed contracts to purchase existing homes grew last month to the highest level in 21 months Also regional manufacturing activity continued to improve as a reading on February s manufacturing activity in the Dallas area rose at a faster rate this month than last up to 17 8 in February up from 15 3 All ten company groups that make up the S P index traded higher except for energy with Materials up 0 1 Energy down 0 3 Financials up 0 7 Industrials up 0 1 Technology up 0 2 while Consumer Staples were up 0 6 The Dow Jones closed down 0 1 or 2 points at 12 981 the S P 500 index up 0 1 or 2 points at 1 367 the Nasdaq ended up 0 1 or 2 points at 2 966 and the smaller cap Russell 2000 was up 0 1 European Markets European stocks ended in the red but well off lows overnight as the German parliament approved the second bailout package The Stoxx Europe 600 index closed down 0 3 Across the region high energy prices are starting to weigh on prospects for growth and the Stoxx Europe 600 autos index suffered from this selling down 1 8 for the session after JP Morgan downgraded its stance on European auto stocks to neutral from overweight Leaders of the G 20 nations of industrialised and developing economies said overnight that members of the eurozone must step up their own efforts and commit more money to tackle the crisis before coming to them for support Investors are eagerly awaiting the launch of the ECB s second three year long term refinancing operation LTRO However in the US session the S P Ratings Agency downgraded the Greek economy to selective default In London the FTSE 100 index closed down 0 3 or 19 points at 5915 the German DAX was down 0 2 or 14 points at 6 849 while in France the CAC was down 0 7 or 25 points at 3 441 Spain was up 0 1 and Italy ended down 1 1 Asian Markets Asian stock markets ended mostly lower yesterday as the impact of higher energy prices started to concern investors as it is yet anoither headwind for global growth Traders are concerned that consistently high crude oil prices will hurt the global economy and weaken the recovery weighed on sentiment In Japan shares eased as profit takers stepped in Chinese stocks resumed their rise after Beijing s monetary easing earlier this month with automobile companies leading the gains after news that only Chinese branded vehicles would qualify for use by the government under a preliminary 2012 list of procurement choices The Shanghai Composite is holding above 2400 In China the SSE Composite was closed up 0 3 or 7 points at 2 447 while in Hong Kong the Hang Seng Index was down 0 9 or 189 points at 21 217 and in Japan the Nikkei 225 Index closed down 0 1 or 51 points at 9 647 The South Korean KOSPI was down 1 4 for the session while the Indian market down 2 7 Commodities The Dollar Index was lower at 78 35 on a higher Euro while the Australian Dollar last traded higher at 1 0695 Commodities prices traded mixed For the session the benchmark crude NYMEX for April delivery was down 1 9 or US2 03 to settle at US107 74 Copper prices are seeking a support level as Copper for February delivery was up 0 1 or 0 2 cents at US3 8650 February gold was down 0 4 or US7 20 at US1 768 ASX News Today AGK AGL Energy says it is confident of getting regulatory approval to take 100 percent ownership of Victoria s largest power station at Loy Yang AGL announced a 51 2 percent fall in 1H12 net profit to 117 million due to a 115 9 million fall in the value of its derivatives They will raise A 1 5 billion from share issues to help buy Tokyo Electric Power s interest in the Loy Yang power station BOQ Bank of Queensland has been placed on credit watch positive by ratings agency Standard Poor s S P indicating an upgrade to the lender s long term credit rating is possible BPT Beach Petroleum the oil and gas producer has returned to 1H12 profitability despite a small fall in production CKF Collins Foods has reaffirmed its cautious guidance as trading conditions remain difficult despite briefly improved business over the summer holiday CTX Caltex Australia has incurred a 852 million loss for calendar 2011 as it continues to review the future of its two Australian refineries CWN Crown the casino operator has reported an increase its 1H12 profit by 79 percent due to higher VIP gambler revenue and improved returns from its Macau joint venture Crown also said it has increased its stake in rival casino company Echo Entertainment Crown will pay about 256 million to boost its stake to 10 from 4 9 DJS David Jones the upmarket department store chain says it hopes to make about 10 percent of its sales online as it tries to lure new customers and avoid closing stores EGP Echo Entertainment Group the casinos operator says it is attracting more high rolling VIP gamblers to its casinos and its expansion of The Star casino in Sydney is on time and within budget GNS Gunns the timber company Gunns has posted a larger first half loss and says trading conditions will remain tough as long as the Australian dollar maintains its strength HOM Homeloans Ltd the national non bank lender will continue seeking acquisition opportunities and cutting costs to protect earnings after reporting a 13 percent drop in 1H12 profit NCM Newcrest Mining the gold miner said difficulties at its Lihir mine were expected to impair quarterly production ROC Roc Oil the oil and gas producer has booked its first annual profit since 2005 partly as a result of the higher oil price SFW SFG Australia Ltd has reported an 84 percent jump in 1H12 profit largely driven by the wealth manager s merger with Shadforth Financial Group Holdings Ltd SKI Spark Infrastructure the electricity infrastructure fund has posted a 2 percent rise in profit and expects to pay out more to security holders in the next three years Corporate News Reporting today Aristocrat Leisure ALL Full year 2011 Results Atlas Iron Ltd AGO Interim 2012 Results Centro Properties Group CNP Interim 2012 Results Dart Energy Limited DTE Interim 2012 Results James Hardie Industries JHX Q3 2012 Results Gloucester Coal GCL Interim 2012 Results Mirabela Nickel Ltd MBN Full year 2011 Results New Hope Corp Ltd NHC Quarterly Activities Report Orbital Corporation OEC Interim 2012 Results Progen Pharmaceuticals PGL Interim 2012 Results Qbe Insurance Group QBE Full year 2011 Results Resolute Mining RSG Interim 2012 Results St Barbara Limited SBM Interim 2012 Results Southern Cross Media SXL Interim 2012 Results Ex dividend Date Ardent Leisure ltd AAD Industrea Limited IDL Investa Office Fund IOF Market Summary ASX to open flat US UK Europe mixed Commodities Stock Index down 0 4 Gold Stocks Index down 1 2 Oil Stocks Index down 0 1 US ADRs Broadly mixed BHP up 0 3 RIO up 0 6 AWC up 1 7 ANZ up 0 1 NAB up 0 7 NEM down 1 6 JHX up 1 5 NWS down 0 5 By Michael Hevern Head of Research For Buy and Sell recommendations on ASX listed companies register for a FREE trial of MDS Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in Morning Wrap Stock Market Analysis No Comments ASX Company News Leighton Secures Another Middle East Contract Tuesday February 28th 2012 Dubai International Real Estate DIRE has signed a contract with Habtoor Leighton Group HLG a subsidiary of Leighton LEI for the AED 480 million USD 130 million Package 7 of the Jewel of the Creek development in Port Saeed Dubai UAE HLG s contract involves the construction and completion of the substructure works for four basement levels and ground floor slabs on the waterside site between Al Maktoum Bridge Baniyas Road and the Floating Bridge The site has already been fully excavated and piled and HLG s scope of work includes construction of all rafts and four level basement slabs construction of the project s ground floor slab embedded MEP works first fix miscellaneous earthworks re anchoring of diaphragm walls pile cutting and trimming waterproofing works and reinforced concrete works H E Khalil Al Sayegh stated that the project will set a benchmark for future DIRE developments and that it will be one of the much sought after addresses in Dubai HLG Chairman Riad T Sadik welcomed the new project to HLG s project portfolio and said We are confident that this landmark development will be a great success HLG CEO and Managing Director Laurie Voyer commented on the signing saying The award of the project demonstrates that HLG has an established reputation and is a preferred contractor by major clients in the Dubai market Construction works on Package 7 have already begun and completion is expected in August 2013 The Habtoor Leighton Group HLG is one of the leading diversified international contractors in the Middle East and North Africa The Group operates in the UAE Qatar Kuwait Saudi Arabia Oman Bahrain and Afghanistan HLG is part of the Leighton Group Australia s largest project development and contracting group with annual revenues exceeding US 18 billion www leighton com http www traderdealer com au fundamentals lei Tags Construction Habtoor Leighton Group LEI Leighton New contract Posted in ASX Company News No Comments ASX Company News M2 Telecommunications Acquires Time Group Tuesday February 28th 2012 Southern Cross Telco Pty Ltd a wholly owned subsidiary of M2 Telecommunications Group Ltd MTU has executed an agreement with Time Telecom Pty Ltd and related entities under which M2 has acquired the business assets of Time Group The Time Group assets acquired by M2 include customer contracts and related records Time Group is an established telecommunications service provider with approximately 30 000 small and medium sized business SMB and residential customers Australia wide The acquisition of the Time Group assets further strengthens M2 s position as the pre eminent challenger in the SMB telecommunications market The transaction involves a maximum cash consideration of 18 35 million for the Time Group assets payable over three tranches the first payable upon completion with the remaining tranches payable six and nine months after completion The second and third payment tranches are subject to the achievement of certain minimum performance milestones The purchase of the Time Group assets is funded from a combination of M2 s available working capital and a debt facility set in place for the purpose of this transaction M2 s CEO Geoff Horth said of the acquisition We are extremely pleased to have acquired the Time Group customer base We have worked closely with the owners of Time Group for several years through our M2 Wholesale division during which time we have seen their business grow in both scale and operational maturity The transaction has appeal to M2 for a number of reasons most notably that the assets will contribute to earnings for the 2013 financial year and were acquired for less than three times annual EBITDA consistent with the purchase price of other assets of this nature In addition the customer contracts acquired are largely single product customers presenting excellent cross sell opportunities for our Inside Sales Team Established in 1999 M2 Telecommunications Group Ltd MTU is Australia s largest network independent provider of telecommunications services M2 employs more than 400 people nationwide across the Melbourne headquarters and offices in Hobart Sydney Brisbane Perth and Wollongong M2 also provides fixed line 3G mobile and broadband services in New Zealand M2 s retail business division operates under the leading brands of Commander Southern Cross Telco and in New Zealand Black White Within the retail division M2 offers a suite of telecommunications services equipment personalised service and value added offerings targeted principally at the small and medium sized business market Through the M2 Wholesale division M2 provides wholesale fixed line mobile and data telecommunications services to small and medium sized telecommunications service providers and Internet Service Providers ISPs www m2wholesale com au http www traderdealer com au fundamentals mtu Tags acquisition M2 Telecommunications MTU Phones Telecommunications Time Group Posted in ASX Company News No Comments ASX Company News Austal Secures Two US Naval Ship Contracts Tuesday February 28th 2012 The United States Navy has exercised contract options funding the construction of the eighth and ninth Joint High Speed Vessels JHSVs The contract is valued at US 321 7 million taking the total value of JHSV work awarded to Austal ASB to approximately US 1 45 billion The options increase Austal s total order backlog to nearly 2 2 billion with shipbuilding work secured for the US operation through to mid 2016 and to mid 2015 for the Australian shipyard Austal s Chief Executive Officer Andrew Bellamy said the new JHSV contract options contributed to stability and future growth These substantial multi year projects provide predictable revenue and workload That enables us to plan our production approach to deliver high quality affordable ships in the most efficient way possible and to make and implement medium and long term strategies Mr Bellamy said Each new contract award also reflects the US Navy s confidence in Austal and its products That provides us with significant marketing leverage with which to grow our international defence business in ships systems and support he added Austal is the prime contractor for a US Navy contract for up to 10 additional Littoral Combat Ships with a total value in excess of 3 5 billion to be appropriated over a five year period The US Navy confirmed contracts for the first two of those 10 ships in December 2010 and March 2011 Additional options are expected to be awarded in the near future Austal is a global defence prime contractor The Company designs constructs and maintains revolutionary platforms such as the Littoral Combat Ship LCS and the Joint High Speed Vessel JHSV for

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  • 2012 January | Online Stockmarket Trading Update
    in the new business and are becoming shareholders in Slater Gordon The history of RJW is similar to that of Slater Gordon Established in the 1920s to gain compensation for steelworkers injured in the dreadful working conditions of the time RJW has grown substantially and now has approximately 425 staff across 10 locations About 60 of its revenue is in personal injury litigation It also has a strong employment law practice and a growing practice in family law The main RJW offices are in London Manchester Sheffield and Birmingham The acquisition includes RJW s Claims Direct brand Claims Direct is one of the UK s largest and best known claims management brands It operates as essentially a marketing co operative for a number of law firms The legal enquiries derived from Claims Direct marketing are allocated to the members of the co operative Claims management companies are currently a prominent feature of the UK legal landscape The UK market is inherently attractive to us because of its size and its jurisdictional similarities to Australia which the recent changes bring even closer into line Slater Gordon Managing Director Andrew Grech said We have the huge advantage of having a five year head start in operating in a listed environment and we can bring that experience to the UK through a kindred firm in RJW which has the business structure and the people to exploit that advantage Slater Gordon Ltd will incorporate a wholly owned subsidiary company in the UK Slater Gordon UK Ltd to manage its operations there RJW CEO Neil Kinsella will become CEO of Slater Gordon s UK business All senior RJW management will continue in their current roles www slatergordon com au http www traderdealer com au fundamentals sgh Tags acquisition Lawyer Legal services Russell Jones Walker SGH Slater and Gordon Posted in ASX Company News No Comments ASX Company News Monadelphous Secures Rio Tinto Water Supply Contract Tuesday January 31st 2012 Leading engineering group Monadelphous Group Limited MND announced it has secured water and transmission pipeline construction contracts in Western Australia WA with a combined value of approximately 180 million The first is for Rio Tinto s Coastal Waters Project at Bungaroo Valley in the Pilbara region of WA The contract comprises the construction and installation of a potable water supply system that will deliver 10 gigalitres per year of potable water from the Bungaroo Valley to the West Pilbara Supply Scheme at Millstream WA The system includes a bore field approximately 15 kilometres of collector main and 87 kilometres of transfer pipeline and a transfer pump station Work is expected to commence in the first quarter of the 2012 calendar year and is scheduled to be completed in the first half of the 2013 calendar year The second contract awarded by Chevron Australia is for the preparation and construction of a CO2 injection pipeline and well sites on the Gorgon Project Barrow Island WA This contract secured through Monadelphous s transmission pipelines business KT Pty Ltd comprises installation and pre commissioning of seven kilometres of underground pipeline five well sites and associated facilities Work will commence immediately and is scheduled to be completed in the first quarter of the 2013 calendar year These contracts support our objective of sustainable growth through the continued expansion of our infrastructure business and they build on our long term relationships with blue chip customers Monadelphous Managing Director Rob Velletri said The latest contracts take the total value of new work secured by Monadelphous in the 2012 financial year to more than 1 5 billion Monadelphous Group Limited is a leading Australian engineering group providing services to the resources energy and infrastructure industry sectors The company has a solid track record in the safe and effective delivery of complex and large scale engineering construction projects and maintenance and industrial services for industry throughout Australia www monadelphous com au http www traderdealer com au fundamentals mnd Tags Engineering Services MND Monadelphous Rio Tinto Water supply Posted in ASX Company News No Comments Share Purchase Plan Rialto Energy Monday January 30th 2012 Rialto Energy RIA announced on the 27 1 2012 that they would be conducting a Share Purchase Plan to raise additional capital The record date was the 25 1 2012 on which shareholders must own the share to participate in the SPP The closing date is 15 2 2012 Shares will be issued on 21 2 2012 and begin trading on 22 2 2012 A maximum of 15 000 can be purchased by each shareholder at 0 30 Discount 9 1 Liquidity Poor Profitability Poor Stability Poor www rialtoenergy com Note Discount is based on the closing price on the 27 January 2012 Tags RIA Rialto Energy Share Purchase Plan SPP Posted in Share Purchase Plan SPP No Comments ASX Company News Clough Secures 145 million Of Contracts For PNG LNG Train Monday January 30th 2012 Engineering and construction company Clough Limited CLO announced that the Clough Curtain Joint Venture CCJV has received work orders worth approximately A 145 million associated with the PNG LNG Upstream Infrastructure contract The PNG LNG Project is an integrated development that includes gas production and processing facilities onshore and offshore pipelines and liquefaction facilities Participating interests are affiliates of Exxon Mobil Corporation including Esso Highlands Limited as operator 33 2 percent Oil Search Limited 29 0 percent National Petroleum Company PNG PNG Government 16 6 percent Santos Limited 13 5 percent Nippon Oil Exploration 4 7 percent Mineral Resources Development Company PNG landowners 2 8 percent and Petromin PNG Holdings Limited 0 2 percent Established in 1919 Clough delivers an integrated Engineering Procurement and Construction service to oil and gas and mineral resources projects primarily in Australia and South East Asia The Group s services range from concept development through design construction installation commissioning operations and maintenance www clough com au http www traderdealer com au fundamentals clo Tags CLO Clough Engineering Services exxon mobil New contracts Oil and Gas PNG LNG Posted in ASX Company News No Comments ASX Company News Volta Mining To Acquire Exploration Permits In Burkina Faso Monday January 30th 2012 Emerging West Africa focussed gold explorer Volta Mining Limited VTM is pleased to announce that it has entered into a Share Purchase Agreement pursuant to which Volta Mining has obtained an option to acquire up to a 100 interest in six 6 prospective gold permits throughout Burkina Faso and Mali totalling 1 236 6km The acquisitions are complementary to Volta Mining s current permit holding Dangue Gold Project located in the south of Burkina Faso Managing Director of Volta Mining Mr David Sumich said We are excited to have secured these gold projects in Burkina Faso and Mali The acquisitions are a strategic fit for Volta Mining and we have substantially increased our footprint in West Africa with the inclusion of projects in Mali to our portfolio He added What has been most pleasing has been the fact that we have been able to achieve this growth in a relatively short period of time since listing in October 2011 Initial reconnaissance of the permit areas and analysis of historical exploration data is very encouraging The majority of the permits lie on greenstone belts which play host to a number of large gold deposits in the region A number of artisanal mines have also been identified indicating good prospectivity for gold mineralisation Volta Mining is a Perth based gold exploration company that has been established to take advantage of the opportunities presented by an evolving gold sector in West Africa Its vision is to become a leading mid cap resources company with advanced sustainable projects in Africa Volta Mining s short term focus is to create value for its shareholders through the acquisition of strategic landholdings in West Africa and the commencement of auger drilling programs on new projects In the medium term it looks to develop a pipeline of projects in Africa across multiple commodities to realize its vision Upon completion of the Share Purchase Agreement Volta Mining s projects with comprise the Koro Ibi Palga and Dangue Gold Projects in Burkina Faso and the Fandiala Gold Project in Mali covering a combined area of 1 479 1km2 www voltamining com au http www traderdealer com au fundamentals vtm Tags acquisition Gold Mining Mining Exploration Mining Permits Volta Mining VTM Posted in ASX Company News No Comments ASX Company News Range Resources Enters Oil and Gas Joint Venture In Trinidad Monday January 30th 2012 Range Resources Limited RRS is pleased to announce the formation of a partnership with Leni Gas Oil plc to jointly develop their interests in the Eastern Fields Area onshore southern Trinidad including the Goudron and Beach Marcelle fields Range will acquire a 30 interest in Goudron E P Limited in return for contributing US 4 million at completion For a further contribution of US 4 million during the first 12 months following completion Range will increase their holding in GEPL to 50 LGO will operate the Goudron field during the initial work over phase but subject to Range exercising its option to acquire a total of 50 in GEPL Range will become operator during the infill drilling and water flood phases Range will obtain an accelerated return through 75 of the revenue interest until their initial investment is recovered LGO will have the option to acquire a 15 interest in the Beach Marcelle waterflood project by contributing 22 5 towards the development costs i e paying a 50 promote up to US 7 million towards the development costs Range and LGO will work collaboratively to optimise and extend their joint interests in the Eastern Fields Area in Trinidad Range s Executive Director Peter Landau commented This exciting agreement with LGO further enhances our position in Trinidad and gives us additional access to reserves and production growth especially in the short term whilst the Beach Marcelle water flood project is ramping up to full capacity during 2013 The opportunity is of particular importance to Range as it is in the final stages of choosing an appropriate debt financing facility to develop the major aspects of our Trinidad operations for the next 18 24 months The Goudron Field has enormous potential for increased production and reserves and by collaborating closely with LGO we anticipate additional benefits and synergies moving forward www rangeresources com au http www traderdealer com au fundamentals rrs Tags Joint Venture Leni Gas Oil Oil and Gas Range Resources RRS Posted in ASX Company News No Comments Stock Market Analysis Markets Ease Still No Greek Resolution Monday January 30th 2012 US stock markets ended mixed on Friday after the GDP figures disappointed European stock markets eased back from 5 month highs Friday as the Stoxx Europe 600 fell 1 Many Asian stock markets were closed for the Lunar New Year holidays Commodities prices traded lower as Gold prices were around US1 738 Crude oil closed around US98 The SPI Futures is trading below the key pivot level of 4180 ending up 0 6 or 26 points at 4 148 The key levels for our index this week are 4080 to 4250 Aussie shares are expected to ease and traders are expected to join their overseas counterparts in protecting their profits today after negative leads from the US and European markets See below for ASX listed companies in the news today US Markets US stock markets ended mixed on Friday after the GDP figures disappointed The Dow Jones Industrial Average ended up 3 6 YTD while for the week the S P and the Nasdaq ended in positive territory for the fourth week in a row The materials and health care sectors led the S P while utilities and consumer staples lagged In economic news US gross domestic product GDP the value of all goods and services produced expanded at an annual rate of 2 8 from the final quater of 2011 which was below expectations However the GDP figures are confirming the US economy expanded at the fastest pace since the second quarter of 2010 US growth is expected to slow in the first half of 2012 which tempered trader enthusiasm In corporate news Facebook could file as early as next week for an initial public offering that would raise 10 billion and value the company at 75 billion to 100 billion The Nasdaq CEO said that this market has the biggest number of IPO applications in a decade which is a positive for investor sentiment This week earnings continue and the monthly jobs figures will be released Friday night All ten company groups that make up the S P index traded mixed with Materials up 0 1 Financials down 0 4 Energy down 0 2 Industrials down 0 1 Technology was flat while Consumer Staples were down 0 7 European Markets European stock markets eased back from 5 month highs Friday as the Stoxx Europe 600 fell 1 Stocks eased as the Fitch Ratings Agency downgraded the sovereign credit ratings for Spain Belgium and Italy Greece is still said to be close to closing its debt restructuring deal with private creditors The German market was up again for the week and is up 7 6 YTD and in France the CAC 40 has risen 5 2 YTD while in London YTD the FTSE 100 is up 2 9 This week investors will be watching for the outcome of the EU summit meeting to be held next week In London the FTSE 100 index closed down 1 1 or 62 points at 5733 the German DAX was up 1 8 or 118 points at 6 539 while in France the CAC was down 1 3 or 1 3 points at 3 319 Spain was down 0 7 and Italy ended down 1 0 Asian Markets Many Asian stock markets were closed for the Lunar New Year holidays Across the region the resource sector led markets higher as buyers as trading resumed after a break Investors cheered the Federal Reserve announcement that benchmark US interest rates will likely remain at ultra low levels until 2014 and commodities prices rose on the news Much of the buying in the region was led by resource and banking stocks However traders remain cautious over the Greek debt restructuring talks and mixed earnings reports In Japan shares were hurt by poor earnings reports from Nintendo and NEC while Hong Kong stocks rose as the Hang Seng Index was up for a sixth straight day with gains led by banking and telecommunication shares In China the SSE Composite was closed at 2 319 while in Hong Kong the Hang Seng Index was up 0 3 at 20 501 and in Japan the Nikkei 225 Index closed down 0 1 or 8 points at 8 841 The South Korean KOSPI was up 0 4 for the session while the Indian market up 0 5 Commodities The Dollar Index was lower at 78 36 on a higher Euro while the Australian Dollar last traded higher at 1 0667 Commodities prices traded lower For the session the benchmark crude NYMEX for January delivery was down 0 1 or US0 14 to settle at US99 76 Copper prices are seeking a support level as Copper for January delivery was down 0 3 or 1 3 cents at US3 8855 January gold was up 0 3 or US5 50 at US1 738 ASX News Today AGO Atlas Iron managing director David Flanagan said Atlas is not for sale but delivered downgraded production and export results for the December quarter and has cut its production targets for the financial year because of the impact of Tropical Cyclone Heidi ALS Alesco Corporation the building products distributor has more than tripled its first half profit but says trading conditions are tough CPA Commonwealth Property Office Fund expects its first half profit to grow and has boosted its forecasts for distributions EPW ERM Power has received the go ahead to build a 500 million gas fired power station west of Brisbane LYC Lynas Corp is back surging another 5 after reporting it has secured enough funds US225 million in unsecured convertible bonds to complete construction and start up of its delayed rare earths processing plant in Malaysia RMD Resmed the US based sleep disorder specialist reported a better than expected profit result in the quarter of last year as profit dropped modestly for the first half of this financial year July to December 2011 to US 113 4 million TOL Toll Holdings is facing union action in Los Angeles as truck drivers who accuse their Australian employer of treating them like second class citizens have announced plans to hold union elections at their workplace WHC Whitehaven Coal has increased production by two per cent in the December quarter but sales have fallen WPL Woodside Petroleum denies it is looking to sell a major part of its stake in the proposed Browse basin liquified natural gas LNG project Market Summary ASX to open flat US UK Europe lower Commodities Stock Index up 0 5 Gold Stocks Index up 1 9 Oil Stocks Index down 0 8 US ADRs Broadly Lower BHP down 0 3 RIO down 1 0 AWC up 0 4 ANZ down 0 2 NAB down 1 1 NEM up 1 8 JHX down 1 4 NWS up 0 1 By Michael Hevern Head of Research For Buy and Sell recommendations on ASX listed companies register for a FREE trial of MDS Financial Research Written on 30 January 7 15am Tags Asian Markets ASX ASX News Business News Commodities Crude Oil Dow European Markets Ex Dividend gold price Stock Market Analysis trading US Market wrap Posted in Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Aussie Market To Play Catch up Friday January 27th 2012 US stock markets drift higher to levels not seen since mid last year European stock markets climbed to 5 month highs overnight as the US Federal Reserve said it would keep U

    Original URL path: http://blog.traderdealer.com.au/2012/01/ (2013-02-02)
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  • 2011 December | Online Stockmarket Trading Update
    customers PPG is headquartered in Sydney with operations in Adelaide Brisbane Melbourne and Perth www ppgaust com au http www traderdealer com au Fundamentals ppg Tags acquisition packaging PPG Pro Pac Packaging Posted in ASX Company News No Comments ASX Company News UGL Secures Victorian Rail Contract Thursday December 22nd 2011 UGL Limited UGL announced that it has secured a new contract with the Regional Rail Link Authority RRLA of Victoria The total value of the alliance contract is approximately 278 million of which UGL s share of revenue is anticipated to be approximately 176 million Works will extend under the contract until mid to late 2015 Under the new contract UGL will provide train control signalling telecommunications and passenger information systems throughout the Regional Rail Link system The Regional Rail Link is a major new rail line in Victoria that separates regional trains from metropolitan trains increasing capacity and reliability within the Victorian rail system UGL will operate as part of an alliance partnering with Manidis Roberts Metro Trains Melbourne MTM V Line and the client RRLA UGL Managing Director CEO Richard Leupen said Securing this contract with the RRLA reinforces UGL s long history of involvement in rail projects in Victoria and demonstrates UGL s ability to deliver complex signalling and communications systems to passenger rail networks in major cities The contract further cements our position as one of the leading integrated engineering services firms in the rail sector complementing our capabilities across design manufacturing and maintenance services Investment in improving and upgrading Australian infrastructure remains a key priority of state and federal governments and we are actively tendering for and winning a significant share of this work An increasing proportion of this work is alliance style which complements and enhances the risk profile of UGL s order book and our ability to generate stable recurring income growth over the long term UGL Limited UGL is an engineering maintenance corporate real estate services and facilities management company operating in the water power transport communications resources and property sectors It consists of four divisions UGL Infrastructure UGL Rail UGL Resources and UGL Services Headquartered in Sydney Australia UGL Limited operates in Australia New Zealand Asia North America and the Middle East employing approximately 53 000 people www ugllimited com http www traderdealer com au Fundamentals ugl Tags Railways Trains UGL UGL Limited Victorian Rail Contract Posted in ASX Company News No Comments ASX Company News Novogen Secures Cancer Treatment Patent Thursday December 22nd 2011 Novogen NRT subsidiary Marshall Edwards Inc an oncology company focused on the clinical development of novel therapeutics targeting cancer metabolism announced today that the US Patent and Trademark Office has issued a new patent covering a number of the company s isoflavone based compounds including lead oncology drug candidates ME 143 and ME 344 and their pharmaceutical compositions The patent is estimated to provide protection until March 2027 This patent represents another important milestone in our efforts to develop our lead drug candidates into valuable treatment options for patients with cancer said Daniel P Gold PhD President and Chief Executive Officer of Marshall Edwards Furthermore this demonstrates our commitment to further strengthening the intellectual property portfolio we acquired earlier this year which will be essential for partnering any of our drug candidates and enhancing shareholder value Marshall Edwards completed the acquisition of its isoflavone based intellectual property portfolio including worldwide rights to lead oncology drug candidates ME 143 and ME 344 from Novogen Limited in May 2011 The portfolio now includes 11 issued US patents at least 14 US patent applications at least 40 issued foreign patents and at least 80 foreign patent applications Marshall Edwards Inc is a San Diego based oncology company focused on the clinical development of novel anti cancer therapeutics The company s lead programs focus on two families of small molecules that result in the inhibition of tumour cell metabolism Novogen Limited NRT is an Australian biotechnology company based in Sydney Australia Novogen conducts research and development on oncology therapeutics through its subsidiary Marshall Edwards Inc and is developing glucan technology through its subsidiary Glycotex Inc www novogen com http www traderdealer com au Fundamentals nrt Tags Cancer Cures Cancer treatment Marshall Edwards Novogen NRT Patent Granted Posted in ASX Company News No Comments Stock Market Analysis Markets Bounce Wednesday December 21st 2011 US stock markets surged higher overnight though trading volumes were light European stock markets ended with strong gains boosted by promising news on the German economy and sharply lower borrowing costs for Spain Asian stock markets bounced back yesterday despite fears of potential destabilistation in the Korean Penninsular Commodities prices traded higher as Gold prices moved higher to around US1 615 and crude oil closed around US97 The SPI Futures is trading above the key pivot level of 4180 ending up 1 8 or 74 points at 4 113 The key levels for our index today are 4080 to 4180 Aussie traders are expected to look for bargains today after positive leads from the US and European markets as traders fears over the eurozone debt crisis eased and US economic data boosted sentiment Note that in 7 out of 10 years on average the markets rise around 4 9 in the last 2 weeks of December and with the recent sell off we are set up for some recovery in the next few trading days Remember options expiry on Thursday See below for ASX listed companies in the news today US Markets US stock markets surged higher overnight though trading volumes were light The Dow Jones Index jumped above 12 000 and is now up for the month and up 4 5 this year In the broader markets the S P 500 and tech heavy Nasdaq rose 3 and the gains were led by the energy financial and materials sectors The relief rally was sparked by a better than expected report on the housing sector as US housing starts surged 9 3 in November rising to the highest level in 19 months and construction permits also rose All ten company groups that make up the S P index traded higher with Materials up 3 9 Energy up 4 1 Financials up 3 8 Industrials up 3 4 Technology up 2 8 and Consumer Staples were up 2 8 The Dow Jones closed up 2 9 or 337 points at 12 104 the S P 500 index closed up 3 0 or 36 points at 1 241 the Nasdaq ended up 81 or 3 2 points at 2 603 and the smaller cap Russell 2000 was up 4 2 European Markets European stock markets ended with strong gains overnight boosted by promising news on the German economy and sharply lower borrowing costs for Spain The Stoxx Europe 600 index closed 2 higher Across the region gains were lead by the financials but growth sensitive stocks also traded higher The better than expected economic data out of Germany came from the Ifo Institute s business confidence index which rose in December to 107 2 up from 106 6 exceeding analysts expectations Spain sold EUR5 64 billion of three and six month Treasury bills which exceeded the target of EUR4 5 billion This is on the back of another bond auction last week where Spain sold almost double the amount of longer term bonds than it had targeted The average yields fell sharply to 5 05 from 5 15 at a previous auctions In London the FTSE 100 index closed up 1 0 or 55 points at 5 419 the German DAX was up 3 1 or 176 points at 5 847 while in France the CAC was up 2 7 or 81 points at 3 056 Spain was up 2 4 and Italy ended up 2 9 Asian Markets Asian stock markets bounced back yesterday despite fears of potential destabilistation in the Korean Peninsular South Korean and Japanese shares advanced recovering some of their previous session losses as fears eased despite the North Korean leader Kim Jong Il s death In Hong Kong the Hang Seng Index was flat while in China the market hung close to 3 year lows In China the SSE Composite was down 0 1 or 2 points at 2 216 while in Hong Kong the Hang Seng Index was up 0 1 or 10 points at 18 080 and in Japan the Nikkei 225 Index was up 0 5 or 40 points at 8 336 The South Korean KOSPI was up 0 9 for the session while the Indian market was down 1 3 Commodities The Dollar Index was lower at 79 84 on a higher Euro while the Australian Dollar last traded lower at 1 007 Commodities prices traded higher For the session the benchmark crude NYMEX for December delivery was up 3 7 or US3 47 to settle at US97 52 Copper prices are seeking a support level as Copper for December delivery was up 1 9 or 6 2 cents at US3 3640 December gold was up 1 3 or U21 20 at US1 615 ASX News Today BBG Billabong shares slumped a further 11 percent after plunging over 40 in the previous session after a profit downgrade COH Cochlear the hearing implant maker says about 1 9 percent of registered implants globally of its Nucleus C1500 series devices have failed and they know the cause of the problem ELD Elders says profits in the first two months of its fiscal year are inline with their improvement plans GCL Gloucester Coal is in a trading halt ahead of an announcement about a potential takeover IAG Insurance Australia Group s Malaysian associate plans to become that country s largest motor insurer through a takeover IPL Incitec Pivot says it has started the financial year strongly with the explosives and fertiliser maker s sales volumes and prices above those of last year LEI Leighton Holdings Asian business has been awarded nearly 130 million in new contracts for work in Hong Kong MAH Macmahon Holdings the engineering firm has upgraded its full year profit forecast by at least 10 million because of additional work QAN Qantas and its engineers have ended their dispute with the Australian Licenced Aircraft Engineers Association saying it has locked in job security for its members WOW Woolworths hotel group has purchased 31 hotels in NSW from the Laundy Waugh and De Angelis Groups WPL Woodside Petroleum denies it is having doubts about building a gas processing plant in the Western Australia north Ex dividend Date None Market Summary ASX to open higher US UK Europe higher Commodities Stock Index up 4 1 Gold Stocks Index up 3 4 Oil Stocks Index up 3 7 US ADRs Broadly Higher BHP up 4 7 RIO up 5 9 AWC up 3 9 ANZ up 3 4 NAB up 3 4 NEM up 2 6 JHX up 7 3 NWS up 2 9 By Michael Hevern Head of Research For Buy and Sell recommendations on ASX listed companies register for a FREE trial of MDS Financial Research Tags Asian Markets ASX News Business News Commodities Crude Oil Dividends Stock Market Analysis US markets Posted in Morning Wrap Stock Market Analysis 1 Comment ASX Company News Viterra Secures Canadian National Rail Contract Wednesday December 21st 2011 Viterra Inc VTA and Canadian National Railway announced that they have signed a new service improvement agreement which will strengthen Viterra s rail based supply chain with CN Under the agreement Viterra and CN will work together to review supply chain key performance indicators cooperate on planning and forecasting and address supply chain issues in a timely manner The agreement is based on the belief that the actions of all supply chain participants affect the performance of the entire chain At CN we know that what gets measured can be improved said Claude Mongeau President and Chief Executive Officer of CN We believe our innovative agreement with Viterra will lead to greater supply chain efficiency from the Canadian prairie elevators to the export vessels Our agreement with Viterra builds on the success of CN s Scheduled Grain train operation that has already delivered fundamental gains in grain industry supply chain performance CN spots hopper cars at specific country elevators at scheduled times on scheduled days every week Our aim with this supply chain agreement is to further improve upon this service to help Viterra better compete in world markets Viterra provides premium quality ingredients to leading global food manufacturers Headquartered in Canada the global agri business has extensive operations across Canada the United States Australia and New Zealand as well as a growing international presence that extends to offices in Japan Singapore China Vietnam Switzerland Italy Ukraine Germany Spain and India Driven by an entrepreneurial spirit Viterra operates three distinct business segments Grain Handling and Marketing Agri products and Processing Viterra s expertise close relationships with producers and superior logistical assets allow the Company to consistently meet the needs of the most discerning end use customers helping to fulfill the nutritional needs of people around the world CN Canadian National Railway Company and its operating railway subsidiaries spans Canada and mid America from the Atlantic and Pacific oceans to the Gulf of Mexico serving the ports of Vancouver Prince Rupert B C Montreal Halifax New Orleans and Mobile Ala and the key metropolitan areas of Toronto Buffalo Chicago Detroit Duluth Minn Superior Wis Green Bay Wis Minneapolis St Paul Memphis and Jackson Miss with connections to all points in North America www viterra ca http www traderdealer com au Fundamentals ASX Companies vta Tags Canadian National Railway Food Supply Logistics New contract Viterra VTA Posted in ASX Company News No Comments ASX Company News Hydromet Acquires PGM Refiners Wednesday December 21st 2011 In its forecast move to expand the business of Hydromet HMC the Company is to acquire a major interest in PGM Refiners Pty Ltd a leading electronic waste operator in Victoria PGM operates out of new premises in Dandenong Victoria and deals largely with local government councils landfill operators government bodies and corporate clients HydroMet has entered into a Subscription Agreement which will lead to the Company acquiring a controlling interest in PGM Hydromet s initial investment will be 1 38 million to subscribe for 1 100 000 new PGM ordinary shares issued at 1 25 per share representing approximately 35 5 of the expanded PGM issued capital E waste is one of the fastest growing sectors within the waste industry both locally and globally Such growth will be further underpinned by the recently enacted Commonwealth Product Stewardship legislation for end of life TVs and Computers mandating higher recycling rates till 2021 and beyond PGM is one of the leading companies in Australia for recycling electronic waste using innovation and technology as fundamental building blocks in its business model The proposed acquisition will position HydroMet as a leading provider of E waste recycling services in Australia with the potential to expand into other hazardous waste recycling segments The proposed acquisition will offer synergistic opportunities for HydroMet and PGM to achieve improved downstream e waste processing recoveries in such areas as the treatment of lead bearing CRT glass and circuit boards containing precious metals which will result in HydroMet becoming a niche market leader Highly motivated and experienced staff and management of PGM will add significant value to Hydromet s future growth www hydromet com au http www traderdealer com au fundamentals hmc Tags acquisition E Waste HMC HYdromet PGM Refiners Recycling Waste management Posted in ASX Company News No Comments ASX Company News Matrix Composites and Engineering Secures Additional 35 million Annual Revenue Wednesday December 21st 2011 Matrix Composites Engineering Ltd MCE has been awarded a cooperation agreement by a leading European oil services company to be the primary supplier of riser buoyancy modules for the next three years with two one year options following Based on historical performance the agreement will potentially be worth around 35 50 million per year in revenue for five years As part of the agreement s key performance indicators Matrix will work on the development of new modules to be used in 15 000 feet of water which is the greatest depth that riser buoyancy modules have ever been used The agreement also includes a service function for the world wide repair of the client s riser buoyancy modules Matrix was chosen as the primary supplier due to the superior quality of its product the company s effective quality programs and the general efficiencies of the new manufacturing plant in Henderson Western Australia CEO Aaron Begley said The award of this agreement showcases our success in delivering on one of our key strategies which is to strengthen our position as the global leader in the manufacture supply and service of subsea buoyancy systems through continuous improvement in quality and manufacturing processes It also displays our client s confidence in our product our processes and our ability to deliver Matrix Composites Engineering Ltd MC E Matrix is involved in the design manufacturer and service of engineered products using advanced composite and polymer materials for use in the oil and gas and resources industries It is the global leader in the manufacturer of riser buoyancy modules and the only major company in Australia that manufactures and exports equipment for the oil and gas industry www matrixap com au http www traderdealer com au fundamentals mce Tags Engineering Services Matrix Composites and Engineering MCE Oil and Gas Riser Buoyancy Modules Posted in ASX Company News No Comments Stock Market Analysis North Asian Markets On Edge Over Destabilisation Fears Tuesday December 20th 2011 US stock markets ended lower as the ECB warns that the eurozone crisis is set to worsen in 2012 European stock markets ended modestly lower overnight Investors remained cautious after remarks from by the European Central Bank ECB President Mario Draghi on the state of the eurozone Asian stock markets dropped sharply yesteray as news of North Korean leader Kim

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  • 2011 November | Online Stockmarket Trading Update
    welcomed the competition regulator delaying its decision on FOXTEL s takeover bid BHP Investment in the mining industry rose by 34 percent to a new record of to 231 8 billion in the six months to October new data shows As well capital spending in the sector has risen 74 percent in the year since October 2010 CPB Campbell Brothers the laboratory group has delivered a record interim profit and flagged a surge in its full year result IAG IAG has warned of an increased frequency of major storms with Australia s first severe tropical storms of the summer cyclone season to hit the country in early December PMV Premier Investments the owner of retail brands such as Just Jeans and Portmans says trade improved in October and is in line with expectations in November UGL United Group the engineering firm has secured 200 million in contracts tapping into Australia s resources boom VDM The VDM Group the design and construction company has won 30 6 million worth of work with BHP Billiton Local Corporate Reporting Aquila Resources AQA Full year 2011 AGM Centro Properties Group CNP Full year 2011 AGM Coalspur Mines Ltd CPL Full year 2011 AGM Commonwealth Bank CBA Q1 2012 Trading statement Gloucester Coal GCL Full year 2011 AGM Lynas Corporation LYC Full year 2011 AGM New Hope Corp Ltd NHC Quarterly Activities Report Progen Pharmaceuticals PGL Full year 2011 AGM Sims Metal Management SGM Q1 2012 Activities Report Metcash Ltd MTS AU Interim 2012 Results Ex dividend Date None Market Summary ASX to open flat US UK Europe modestly higher Commodities Stock Index up 0 7 Gold Stocks Index up 0 4 Oil Stocks Index up 1 5 US ADRs Broadly Mixed BHP up 0 1 RIO down 0 8 AWC down 1 6 ANZ up 1 5 NAB up 2 5 NEM up 0 1 JHX up 3 1 NW S up 3 3 By Michael Hevern Head of Research For Buy and Sell recommendations on ASX listed companies register for a FREE trial of MDS Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil Dividend European Markets Ex Dividend gold price Stock Market Analysis trading US Market wrap Posted in Morning Wrap Stock Market Analysis No Comments Share Purchase Plan Callabonna Uranium Wednesday November 30th 2011 Callabonna Uranium CUU announced on the 29 11 2011 that they would be conducting a Share Purchase Plan to raise additional capital The record date was the 28 11 2011 on which shareholders must own the share to participate in the SPP The closing date is 22 12 2011 Shares will be issued soon after A maximum of 15 000 can be purchased by each shareholder at 0 038 Discount 5 0 Liquidity Poor Profitability Poor Stability Poor www callabonna com au Note Discount is based on the closing price on the 29 November 2011 Tags Callabonna Uranium CUU Share Purchase Plan SPP Posted in Share Purchase Plan SPP No Comments Share Purchase Plan Cape Alumina Wednesday November 30th 2011 Cape Alumina CBX announced on the 29 11 2011 that they would be conducting a Share Purchase Plan to raise additional capital The record date was the 28 11 2011 on which shareholders must own the share to participate in the SPP The closing date is 16 12 2011 Shares will be issued on 23 12 2011 and begin trading on 24 12 2011 A maximum of 15 000 can be purchased by each shareholder at 0 12 Discount 33 3 Liquidity Poor Profitability Poor Stability Poor www capealumina com au Note Discount is based on the closing price on the 29 November 2011 Tags Cape Alumina CBX Share Purchase Plan SPP Posted in Share Purchase Plan SPP No Comments ASX Company News Ausmon Resources Enters Power Plant Joint Venture Wednesday November 30th 2011 Ausmon Resources Limited AOA is pleased to advise that it has entered into an agreement with Jiangsu Datang International Jintan setting out the working arrangements for a joint development of a gas fired thermoelectric co generation power project in Jiangsu Province in China to supply power to the Jintan Economic Development Zone The Project consists of the construction in two phases of a 1 000 MW gas fired thermoelectric co generation power plant involving investments of RMB 4 5 billion approximately A 700 million The Project also includes the construction of a natural gas pipeline to transport gas from the supplier to the power plant Ausmon through its business relationships will source gas supply for the Project and has carriage for the construction of the pipeline Both parties have agreed to proceed immediately with all the studies approval procedures and other processes to implement the Project Ausmon will seek the approval of its shareholders prior to capital investment in the Project at the relevant time by reason of its size and nature relative the company s current operations www ausmonresources com au http www traderdealer com au fundamentals aoa Tags AOA Ausmon Resources Electricity Generation Joint Venture Power Plant Posted in ASX Company News No Comments ASX Company News Carbon Polymers Acquires Tyre Recycling Group Wednesday November 30th 2011 Carbon Polymers Limited CBP has successfully acquired the assets and operations of the Tyre Recycling Group Pty Ltd TRG in Melbourne Victoria TRG is a tyre recycling company based in Melbourne It has a 5 stage processing plant capable of processing 2 tonnes per hour The strategic importance of this acquisition will assist CBP in achieving its national rollout strategy The company will now operate 5 full tyre recycling facilities with the capacity to produce high quality fine granules and powder This acquisition will increase the speed to market of products competing in the supply of softfall surfacing additives for road binding agents and adhesives manufacture The operation in Melbourne will also be used to facilitate other lines of business the company controls The shared cost structure means that the company can efficiently operate with lower cost and compete in several market segments This additional capacity combined with the existing plants will take CBP to 60 000 tonnes per annum with further upgrades to existing plants to deliver a total of 70 000 tonnes per annum nationally The Company sought to raise 1 million via Convertible Notes to fund the acquisition and integration The offering was fully subscribed The Notes have a maturity of 3 years an interest rate of 10 and convert at 0 25 cents per note into fully paid ordinary shares The notes also have a 1 for 1 attaching option with an exercise price of 0 30 and expiring in April 2014 This acquisition is delivering the growth promised to CBP shareholders and achieving our aim of a truly national processing capability said Mr Andrew Howard managing director of Carbon Polymers This acquisition was of extreme strategic importance in adding to Carbon Polymers national footprint www carbonpolymers com au http www traderdealer com au fundamentals cbp Tags acquisition Carbon Polymers CBP Recycling TRG Tyre Recycling Group Posted in ASX Company News No Comments ASX Company News VDM Group Awarded 30 6 million Contracts By BHP Billiton Wednesday November 30th 2011 VDM Group Ltd VMG is pleased to announce it has been awarded two significant contracts valued at 30 6 million by BHP Billiton The two new contracts have taken the total value of work won by VDM this financial year to more than 130 million VDM Construction has been awarded a variation to its contract for BHP Billiton Iron Ore on its Central REG Camp project near the Area C minesite The variation is for the main installation of the Central REG Accommodation Camp and is valued at 21 4 million Work will commence immediately and is due for completion in August 2012 A second contract has also been awarded to VDM Construction by BHP Billiton Petroleum Pty Ltd for the design and construction of administration control and warehouse maintenance buildings at its Macedon Gas Project located near Onslow in WA Work on the project will commence immediately and is due for completion in July 2012 VDM Group Chief Executive Officer Andrew Broad said the contracts were further evidence that the industry wide hiatus in the award of new contracts was abating It is very pleasing to be awarded these projects and we are confident that VDM is close to the formal awards on several other projects Mr Broad said VDM Group is a design and construction company that services the mining oil gas infrastructure civil and transport sectors VDM s highly skilled engineers develop innovative technical solutions for clients and deliver projects that are cost effective reliable and sustainable VDM s construction projects include mine accommodation mine upgrades non process infrastructure workshops support buildings etc and lifting the world s largest autogenously grinding mills Contracting projects include land and marine earthworks breakwaters seawalls mining services such as rock crushing screening and ore handling tailings dam construction Its engineering capabilities offer structural civil environmental and specialised engineering services www vdmgroup com au http www traderdealer com au fundamentals vmg Tags BHP Billiton BHP Engineering services Mining Services New contract VDM Group VMG Posted in ASX Company News No Comments Stock Market Analysis Giddy Up US Consumers Go Shopping Tuesday November 29th 2011 US stock markets jumped higher from the open overnight as traders got back into the game after the holiday shortened week last week European stock markets surged overnight with a broad rally after reports indicated the eurozone regional leaders were making progress in resolving the eurozone debt crisis which threatens to cripple the global financial system Asian stock markets surged yesterday as investors cheered the reports of measures designed to resolve the European debt crisis Commodities prices traded higher as Gold prices higher to US1 685 and while crude oil closed around US98 The SPI Futures is trading around the key pivot level of 4250 ending up 0 6 or 26 points at 4 104 The key levels for our index today are 4050 to 4180 Yesterday Aussie shares started the week on positive note on the back of hopes of an Italian bailout by the IMF The International Monetary Fund is reported to be setting up a EUR 600 billion A820 billion rescue fund for Italy to be used to refinance EUR 300 billion in debt due for repayment in 2012 Such a bailout would give the ECB some breathing space to resolve the debt issues of the other PIIGS economies Shares in the All Ordinaries XAO generally eased again closing up 1 7 at 4126 as the S P ASX 200 XJO closed up 1 9 at 4058 Aussie traders are expected to go bargain hunting again today after the sharply higher leads from the US and European markets Traders fears over the eurozone debt crisis subsided after encouraging comments from Germany and France over the need for an action plan and in the US the Black Friday figures outperformed those of last year We continue to have a busy week for AGMs and production reports see below for details Economics News Today Government Federal Budget Review US Markets US stock markets jumped higher from the open overnight as traders got back into the game after the holiday shortened week last week The Dow Jones Index has snapped a four day losing streak as all the DOW components finished well in the green In the broader markets the S P 500 and the tech heavy Nasdaq outperformed up over 3 for the session after recovering from last week s fall of 4 8 the worst Thanksgiving week performance since the middle of last century Energy financials materials and industrials sectors all jumped over 3 The New York Stock Exchange put into effect its Rule 48 before the market open which is designed to smooth trading in sessions when stocks stage big swings a moved that the exchange has made several times since markets turned volatile in August Financial stocks finished performed well but finished off session highs as Morgan Stanley stock analysts cut their ratings on the US large cap banking sector citing slowing global growth and the chance of a 4Q recession in Europe Retail sales on Black Friday rose 6 6 and sales for the four days starting on Thanksgiving increased 16 according to ShopperTrak The National Retail Federation said shoppers spent 9 1 more on Black Friday than the same time last year The SPDR S P Retail exchange traded fund rose 3 5 on the back of these figures Most of the company groups that make up the S P index traded higher with Materials up 3 8 Energy up 3 8 Financials up 2 9 Technology up 3 3 Industrials were down 0 2 while Consumer Staples were up 0 4 The Dow Jones closed up 2 6 or 291 points at 11 523 the S P 500 index closed up 2 9 or 34 points at 1 193 the Nasdaq ended up 3 5 or 3 5 points at 2 527 and the smaller cap Russell 2000 was up 4 8 European Markets European stock markets surged overnight with a broad rally after reports indicated the eurozone regional leaders were making progress in resolving the eurozone debt crisis which threatens to cripple the global financial system The Stoxx Europe 600 index rose 3 8 Investors cheered the news from the Wall Street Journal WSJ which claimed French and German officials are set to agree on a new stability pact to contain the crisis Also a report indicated the International Monetary Fund IMF could provide between EUR400 and EUR600 billion in financial assistance to Italy though the IMF denied that it is in bailout talks with the Italy Financials were among the biggest gainers with French banks surging BNP Paribas SA jumped 10 3 and Societe Generale SA rose 9 6 Also stocks exposed to global economic growth made substantial gains after having been sold down heavily in recent weeks The French CAC 40 index surged above the 3 000 level as the German DAX 30 index jumped close to 5 In London the FTSE 100 index closed up 2 8 or 148 points at 5 312 the German DAX was up 4 6 or 252 points at 5 645 while in France the CAC was up 5 5 or 156 points at 3 012 Spain was up 4 6 and Italy ended up 4 6 Asian Markets Asian stock markets surged yesterday as investors cheered the reports of measures designed to resolve the European debt crisis Europe remains the focus for global markets and stocks are now oversold due to the ongoing pessimitic news about the eurozone debt crisis Investors were buoyed by news that eurozone leaders and the IMF are looking to take some substantial action to address the worsening crisis Across the region the banks and growth sensitive resource stocks rose strongly as there was strength in many commodities with the hint of some action on the debt crisis front in the eurozone In China the SSE Composite closed up 0 1 or 3 points at 2 383 while in Hong Kong the Hang Seng Index was up 2 0 or 348 points at 18 037 and in Japan the Nikkei 225 Index was closed up 1 5 or 127 points at 8 287 the South Korean KOSPI was up 2 0 for the session while the Indian market was up 3 0 Commodities The Dollar Index was lower at 79 22 on a higher Euro while the Australian Dollar last traded higher at 98 97 Commodities prices traded higher For the session the benchmark crude NYMEX for December delivery was up 1 0 or US0 97 to settle at US97 75 Copper prices are seeking a support level as Copper for December delivery was up 2 8 or 9 cents at US3 2680 December gold was up 1 5 or US25 30 at US1 685 ASX News Today BHP CEO Marius Kloppers noted that the European debt crisis was having a negative impact on bank financing Mr Kloppers went on to say that BHP Billiton expects steel output in China to continue at current rates for some time which is below historical highs however he did expect iron ore demand from Chinese steel mills to stabilise around current levels after recent fluctuations CNA CNA shareholders have approved a plan by Rio Tinto and Japan s Mitsubishi to buy the remaining shares in coal miner Coal and Allied Industries GBG Gindalbie Metals confirmed it has completed the full acquisition of the Warriedar Iron Ore Joint Venture from Royal Resources Limited Insurers IAG QBE SUN Insurers estimate the damage from the fires in Western Australia s Margaret River region will be in the tens of millions of dollars QAN Qantas warned that it expects its underlying pre tax profits to be between 140 and 190 million for the first half after they booked costs of around 650 million from higher fuel prices and costs due to its disruptive industrial dispute Qantas estimates that the industrial dispute with three unions representing long haul pilots aircraft engineers and ground crews will cost around 194 million in the first half NFK Norfolk Group the engineering company has signed an 82 million contract with BHP Billiton for work on rail signalling systems in the Pilbara region of Western Australia RIO Rio Tinto has surprised the market by revealing plans to expand its flagship iron ore operations in Western Australia beyond previous expectations However the expansion which will lift its iron ore production in the Pilbara from 225 million tonnes per year to 353 million tonnes by 2015 meaning that the capital costs for the project will also rise higher than previous guidance and an overall spending increase on capital projects by 17 percent in 2012 which would add to cost pressures particularly since iron ore spot prices have dropped 30 since September Local Corporate Reporting Bathurst Resources btu Full

    Original URL path: http://blog.traderdealer.com.au/2011/11/ (2013-02-02)
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  • 2011 October | Online Stockmarket Trading Update
    gives Ausio exclusive worldwide rights under certain Marshall Edwards patents to develop manufacture and sell products utilising the isoflavone metabolite known as equol for non oncology applications In exchange Marshall Edwards is entitled to receive royalty payments on sales of any potential Ausio products that contain equol In addition the agreement gives Marshall Edwards a royalty free licence to certain issued manufacturing related intellectual property owned by Ausio We are very pleased to enter into this licencing agreement with Ausio our first since completing the acquisition of our isoflavone based intellectual property portfolio earlier this year said Daniel P Gold PhD President and Chief Executive Officer of Marshall Edwards This agreement demonstrates our commitment to maximising the value of these assets while maintaining our focus on the clinical development of our two current lead oncology drug candidates ME 143 and ME 344 Ausio Pharmaceuticals LLC is a private biotechnology development company focused on the advancement of safe and effective medicines for the aging population Ausio was founded in 2006 by Richard Jackson PhD based on technologies licensed from the Australian Health and Nutrition Association and Cincinnati Children s Hospital Medical Center The Company has garnered a strong patent position for its lead compound AUS 131 also referred to as S equol It has rapidly developed AUS 131 by working with excellent service providers Ausio s strategic goal is to collaborate with international pharmaceutical partners for AUS 131 in the US and other markets worldwide Marshall Edwards Inc is a San Diego based oncology company focused on the clinical development of novel anti cancer therapeutics Novogen Limited NRT is an Australian biotechnology company based in Sydney Australia Novogen conducts research and development on oncology therapeutics through its subsidiary Marshall Edwards Inc and is developing glucan technology through its subsidiary Glycotex Inc www novogen com http www traderdealer com au fundamentals nrt Tags Biotechnology Cancer research Joint Venture Licensing Agreement Marshall Edwards Novogen NRT Posted in ASX Company News No Comments ASX Company News Nuplex Industries To Acquire Viverso GmbH Monday October 31st 2011 Nuplex Industries NPX announced it has entered into a binding agreement to acquire Viverso GmbH its related operations and product groups from Bayer Material Science BMS for 75 million Viverso manufactures resins used in coatings and putties from its world class state of the art facility located in Bitterfeld Germany A strategic bolt on acquisition that will be earnings accretive in this financial year Nuplex CEO Emery Severin said This is a very attractive opportunity for Nuplex and consistent with our strategy to establish leading market positions through value accretive bolt on acquisitions Being a focused independent resins business Viverso s complementary operations are a natural fit with our own European operations The combination of Viverso with Nuplex s European operations will deliver a number of benefits and will result in Nuplex becoming a top four resins manufacturer in the region Viverso further strengthens a number of our leading market positions in Europe particularly in the industrial coatings markets It also expands our product range and include Viverso s environmentally friendly solvent free water resistant resins used in construction coatings resins for putties used in vehicle refinish and resins offering unique chemical resistance and high temperature performance We see opportunities to leverage these new products across our global operations We will also enter into a range of contracts from 2 to 10 years in length to toll manufacture specialty trademarked products for Bayer Under the agreement Nuplex will pay 75 million for Viverso GmbH its operations working capital and additional products also manufactured at Bitterfeld The price paid is equivalent to 6 5 times annual pro forma EBITDA In FY2012 Viverso is expected to be earnings per share accretive for Nuplex shareholders Earnings are expected to grow in coming years as synergies are realised The acquisition will be 100 debt funded To facilitate the transaction Nuplex has secured an additional facility of AUD100 million to increase its total debt facilities from AUD200 million to AUD300 million and is exploring options to convert some of it into long term debt via the US private placement market Nuplex Industries Limited is a leading global manufacturer of polymer resins with operations in ten countries on four continents and sells its products in over 80 countries Polymer resins are essential ingredients in a wide range of products used every day from basic necessities through consumer durables to luxury goods Nuplex also distributes raw materials to a wide cross section of industries in Australia and New Zealand including the chemical plastics general industrial food and pharmaceutical sectors www nuplex com http www traderdealer com au Fundamentals NPX Tags acquisition NPX Nuplex Industries Plastics Posted in ASX Company News No Comments ASX Company News Mint Wireless Sells Non Core Technology Business Monday October 31st 2011 Mint Wireless Limited MNW is pleased to annouce the sale of Mint Technology Pty Ltd its non core technology distribution business Mint Wireless Limited and Speed Channel Limited a Hong Kong based technology trading company have finalised the terms of the sale on the 28th of October 2011 Mint Wireless Limited is a global payments and mobile transactions company whose core businesses include innovative mobile payment services for the developed and emerging markets Intermoni a wholly owned subsidiary of Mint Wireless has the sole rights to deploy a micro airtime reload and micro remittance solution that provides a cost effective and efficient mobile money transfer service to the unbanked population in emerging markets globally Mint Wireless Limited has finalised terms for the sale of Mint Technology Pty Limited its technology distribution business to Speed Channel Limited a Hong Kong based technology trading company Value of consideration AUD 1 million for 100 of shares in Mint Technology Pty Limited Sale of technology distribution business enables Mint Wireless to focus on its core mobile and micro transactions businesses www mintwireless com www mint technology com au http www traderdealer com au fundamentals mnw Tags Asset Sale Mint Wireless MNW Mobile Payments Technology Posted in ASX Company News No Comments When Disaster Strikes How Do You Handle It Friday October 28th 2011 The Australian stock market was closed for four hours yesterday following a connectivity issue with its trading platform The timing could not have been worse for the ASX and investors as well The announcement from Europe of a significant solution to the Euro crisis happening during the period the markets were closed This solution included a 50 haircut on Greek debt by bondholders an increase in the European Financial Stability Facility to 1 trillion Euro via leverage and a plan to recapitalise weaker banks Investors were caught out unable to place trades during the four hour closure and when the market did reopen it was up by 2 5 While this was bad news for investors who were unable to trade during one of the longest outages in the ASX history it was also bad news for the ASX Chi X is set to launch a second stock exchange in Australia on 31 October just 4 days away With competition clearly on the horizon a failure like this will make the entry for the new operator that much easier with brokers traders and investors more likely to consider using an alternative operator to place their trades For investors the launch of Chi X is likely to result in a much more competitive market environment and may lead ultimately to lower prices for transactions and data fees Right now however Chi X is definitely the beneficiary of today s ASX glitch The key to take away from yesterdays outage is how well are you prepared for when a major catastrophe affects your trading If the ASX exchange goes down like it did today then there is no trading but Chi X will provide alternative pricing once they have completed their launch process Currency and futures trading was unaffected by the outage can you access this using a CFD or Forex trading platform Going long with the Euro may have made up for some of the losses on your short positions in the ASX Having access to a way to hedge your position is worth considering in the event a technical glitch occurs Other than a market failure there are many other technical glitches that can interrupt your trading What happens if your internet connection fails and is down for a period of time How do you handle this do you have a back up with a 3G wireless connection or an account with another ISP If you are not an active trader this may be unnecessary but do you have your broker s telephone number on hand and be ready to give him a call in the event of an internet failure When I trade during the day I have had the internet or broker s platform go down with an open position All of a sudden I am trading blind unable to see what the market is doing If I have placed stops when I entered a position then I am protected against large losses Sometimes I have not yet placed a stop after entering a trade and it is in this situation that it is important for me to ring my broker to place a stop order or exit the position completely One thing to be aware of is that when there is a problem the broker s phones can be running hot Make sure you are clear on what orders you want to place and do this quickly so the broker can move onto the next client Internet disruptions certainly occur but are fairly easy to navigate around with current technology and your broker s phone number What happens in the event of a computer failure An internet outage is usually overcome fairly quickly but a computer failure can take days or weeks to rectify Do you have a second computer with your trading software on it and a back up of your records Not only may you be unable to place trades with your computer it may affect your research or saved charts A lot of time and energy goes into researching trading ideas and it can be devastating to lose large amounts of work Backing up your computer is one of those things that it is essential to do regularly Do not put it off until it is too late And once again your broker is only a phone call away and can help out when required Not all disasters are technical in nature My father died this year and that had a major impact on my trading for a few weeks around the time of his death I was also trading when the Christchurch earthquake knocked out all communication and power to my home as well as having a massive psychological impact I was fortunate that my broker contacted me and I was able to close out any open positions And for the next few weeks I was extremely busy with clean up The markets and trading were certainly not my first priority following this disaster How do you handle major disruptions in your life Do you back away from the markets or have a backup plan in place when life throws you a curve ball Are you prepared for whatever disaster may disrupt your trading and investing There is enough that can happen in the markets without external shocks impacting on your trading Most people don t plan to fail they fail to plan Make sure you have a plan in place in case there is an external event that may impact on your trading Posted in ASX Trading News No Comments Rampaging Bulls Push Markets Higher Friday October 28th 2011 Globally traders have charged into equities this week in a risk on move and commodities bounced sharply off recent lows The EU leaders clarified their comprehensive plans to address the eurozone debt crisis Many markets surged through their key overhead resistance levels Volatility eased as the week progressed as the eurozone debt concerns abated Globally financial stocks have surged after the EU leaders agreed to deliver their comprehensive bailout plan The plan includes private investors taking a voluntary 50 write down on sovereign Greek bonds the size of the eurozone EFSF bailout fund will be increased to about US1 4 trillion an almost fivefold increase and Greece will aim to reduce its debt to 120 of gross domestic product GDP by 2020 The bulls cheered an agreement reached by European leaders on a plan to resolve the eurozone s debt crisis US markets have surged higher this week past key resistance levels and are on track to produce their best October performance since 1974 The tech sector has underperformed after disappointing earnings from the likes of Amazon The earnings reporting season saw 40 of the S P500 companies reporting and there were no really shocking reports with the exception of Netflix which plunged after disappointing Europe investors have been anxious over the sovereign debt situation but following the progress at the EU summit traders have jumped back into equities and commodities EU leaders delivered the details of the EFSF and bank rescue plans and the Chinese are reported to have said they will back the rescue plans The eurozone summit has committed to a EUR110 billion bank rescue package and have now agreed to a US1 4 trillion EFSF bailout package Investors are cheering their leaders comprehensive plan Commodities rebounded sharply this week in a risk on play Copper prices rebounded over 15 from last week s lows while Crude oil markets broke above US94 level for the first time in three months and almost hit US95 per barrel Gold prices have surged this week up nearly 10 from last week s lows as the mass liquidation of funds appears to have come to an end Asian traders have been reacting to what is happening in Europe and the US as well with growth sensitive stocks recovering on the back of higher commodities prices The Chinese market has bounced off 2 year lows and has broken through a downtrend line which has been in place since early July The Chinese annualised GDP figures came in at 9 1 down from 9 5 in the previous quarter Our View For Australia The Aussie market has traded sideways for the past few weeks but the rampaging bulls have gained control pushing the market past recent resistance levels following on from the positive news out of the EU summit The miners have recovered from their pullback last week as commodities rebounded sharply while the banks continue to hold on to their recent gains as we move into their reporting and dividend season The S P ASX 200 is trading past the upper level of its trading range for the month and it now appears the 200 day moving average is acting as resistance Another positive for our markets could be an interest rate cut next week The RBA has set the stage for an interest rate cut before the end of the year Analysts expect a cut of 25 basis points at the next meeting on Melbourne Cup day in November According Credit Suisse there is now a 100 percent market expectation of a 25 basis point cut with a 6 percent chance of a 50 basis point rate cut This news help the market to hold on to earlier gains CPI came in line with expectations at 0 6 q q and 3 5 y y However both the weighted median and trimmed mean measures were significantly below at 0 3 versus 0 6 expected These underlyings are the numbers the RBA watch closely so speculation of rate cuts has increased with short end AUD swaps around 10bp lower Last week we suggested that the bulls and the bears would again be wrestling for control of the markets well the Bulls now rule The Aussie market is trading above its 50 day moving average which sits around 4150 and is now testing resistance around its 200 day moving average which sits around 4 410 Investors should be looking to utilise options strategies to protect their profits in this type of market Investors have given their vote of approval on the eurozone bank rescue package and the proposals for the extension of the EFSF bailout package Remain attuned to the news from overseas particularly from China Germany and the US regarding their economic growth and debt issues Monitor the performance of the US dollar for a guide to the future direction of commodities and equities prices The S P ASX 200 is currently trading at 4410 having surged past the 4280 resistance level this week Key levels for the index next week will be 4250 and 4450 with 4300 the key pivot level Be prepared to use options to protect your profits and reduce your risk Expect to see volatility ease going forward as the market participants look for some confirmation of the near term market breakout Use options strategies to reduce your risk in these volatile times The MDS Financial Advisory Services team can help with this and we have also discussed some of the strategies in our Analyst s Eye Articles recently We regularly update you on trade recommendations so for Buy and Sell recommendations on ASX listed companies register for a free trial of MDS Financial Research MDS Financial Advisory Services offers general advice on trading options to generate consistent steady income on your investment portfolio Call me on 1300 610 024 for further information Posted in ASX Company News ASX Trading News Trader Dealer News No Comments Stock Market Analysis Giddy Up Rampaging Bulls Rule Friday October 28th 2011 US stock markets surged overnight as the Dow Jones Index has it biggest monthly rally since 1974 European stock markets surged overnight in a risk on rally as the financials and miners led the rampage The Stoxx Europe 600 index closed jumped 3

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  • 2011 September | Online Stockmarket Trading Update
    traders are not forgotten as Buff explains intraday volume accumulation oscillators Volume is a necessary tool in determining investors or traders conviction about prices and this book explains how to interpret these signals to recognise upcoming price reversals I was particularly pleased to read the chapter on the Volume Price Confirmation Indicator because as with all traders using whatever system they have developed confirmation is necessary before taking a position It is also pleasing to see the chapter on risk because even though the reader may have read it all before it reconfirms and highlights just how important this is The book finishes off with a chapter on modern day volume yes things can and do change and it is great to see these changes noted This book gets my tick of approval Buy this book now at the Educated Investor bookshop website Janene Murdoch Educated Investor Bookshop Tags buff pelz dormeier investing Oscillators technical indicators Trader Dealer trading books volume analysis Posted in Trading Books No Comments Stock Market Analysis Eurozone Bailout A Step Closer Friday September 30th 2011 US stock markets initially jumped but spent the rest of the day giving back the gains Stronger US economic data buoyed sentiment but technology stocks weighed after some poor earnings reports European stock markets ended higher overnight German politicians approved the European Financial Stability Facility EFSF extentsion Asian stock markets finished mixed yesterday as investors did some end of quarter squaring of the books picking up some bargains from badly beaten down stocks Commodities prices traded flat as Gold prices held to US1 615 and while crude oil closed up around US83 The SPI Futures is trading around the key pivot level of 4000 ending up 0 5 or 21 points at 4027 The key levels for our index today are 3950 to 4080 Yesterday Australian investors and fund managers held their nerve again despite another cautious lead from the US markets where there was another late session sell down The big news last session was the sell down in commodities across the board as these highly leveraged positions are being forced to be liquidated due to the excessive volatility in these markets of late The falls have been led by copper prices which are seen as the true indicator of the underlying world economic condition Copper plunged 5 6 overnight and this comes after a 12 fall last week and a slump of over 22 for September The Aussie market was consequently led lower by the miners The All Ordinaries XAO was down 0 7 at 4068 yesterday and the S P ASX 200 XJO closed down 0 8 at 4008 Aussie stocks are expected to see heavy volumes early after options expiry but as the day progresses investors will be positioning themselves ahead of the long weekend Remeber this is the last day of the quarter The situation over the EFSF took a step forward overnight as the German politicians voted for the expansion of the EFSF bailout fund Commitment from the eurozone leaders has been wavering as they finalised the Greek bailout package acting to address the heightened downside risks from sovereign debt and the slowing global economy Ten of the 17 nations have now voted on the EFSF and the German news boosted the US and Europe markets as they battle to find some level of tentative support See below for ASX listed companies in the news today US Markets US stock markets initially jumped but spent the rest of the day giving back the gains Stronger US economic data buoyed sentiment but techcnology stocks weighed after some poor earnings reports The Dow Jones Index and the S P 500 indices managed to finish higher as the financials and industrials sectors led the gains However the tech heavy Nasdaq finished modestly lower after Advanced Micro Devices AMD was the weakest stock in the broader indices falling 14 after cutting revenue and gross margin estimates for the third quarter In economic news the Labor Department reported the number of U S workers filing new claims for unemployment benefits fell sharply last week The improvement in the employment may have been driven by seasonal adjustments and also gross domestic product GDP the broadest measure of all the goods and services produced in an economy grew at an inflation adjusted annual rate of 1 3 from April to June Next week will be a busy one for the US with the ISM manufacturing data out on Monday and the Non Farm Payrolls employment report out on Friday Among the S P index sectors Industrials were up 1 4 Materials were up 0 1 Energy was up 0 9 the Financials sector was up 2 8 Consumer Staples were down 0 8 while the Technology sector was down 0 2 The Dow Jones closed up 1 3 or 143 points at 11 154 the S P 500 index closed up 0 81 or 9 points at 1 160 the Nasdaq ended down 0 4 or 11 points at 2 481 and the smaller cap Russell 2000 was up 1 7 European Markets European stock markets ended higher overnight as German politicians approved the European Financial Stability Facility EFSF extentsion The Stoxx Europe 600 index closed up 0 7 Banks were again in focus across the region and managed to bounce following the German vote and the positive U S jobs and GDP data with the European majors up around 5 In London the FTSE 100 which is heavily weighted by the mining sector lost 0 4 as weakness in key metals prices weighed on the big miners which closed down around 4 Investors remain concerned over the possibility of an economic hard landing in China The German DAX 30 and the French CAC 40 rose over 1 1 There is a note of caution as the eurozone crisis is far from resolved Greece still faces the real prospect of a default or a restructuring and many observers have questioned whether the EFSF has enough resources to prevent contagion if the Greek problems spread to the bond markets of Spain and Italy The EFSF is starting to clear hurdles but many policymakers remain firmly against expanding the facility beyond the current EUR440 billion as German and French leaders fear that this would undermine their triple A credit rating In London the FTSE 100 index closed down 0 4 or 21 points at 5 197 the German DAX was up 1 1 or 61 points at 5 640 while in France the CAC was up 1 1 or 32 points at 3 028 Asian Markets Asian stock markets finished mixed yesterday as investors did some end of quarter squaring of the books picking up some bargains from badly beaten down stocks Markets were again volatile and on edge as traders await the passing of the EFSF in Europe Miners across the region weighed due to the falling commodities prices The Japanese Nikkei Stock Index rose 1 but the Hong Kong markets were closed owing to the typoon in the region In China the Shanghai Composite index lost another 1 and is trading at 2 year lows as traders brace themselves ahead of the China PMI data which is due out tonight after market close Elsewhere the Fitch Ratings Agency has cut the long term foreign currency ratings of New Zealand citing the country s widening debt levels and challenges following the Christchurch earthquake earlier this year In China the SSE Composite was down 1 1 or 27 points at 2 365 while in Hong Kong the Hang Seng Index was closed at 18 011 and in Japan the Nikkei 225 Index was up 1 0 or 86 points at 8701 The South Korean KOSPI was up 2 7 for the session while the Indian market was up 1 5 Commodities The Dollar Index was higher at 77 88 on a lower Euro while the Australian Dollar last traded lower at 97 892 Commodities prices were flat For the session the benchmark crude NYMEX for December delivery was up 2 3 or US1 86 settle at US83 07 Copper prices are finding a support level as Copper for December delivery was down 0 1 or 0 2 cents at US3 2355 December gold was down 0 1 or US0 50 at US1 615 60 ASX News Today APN APN News Media has re affirmed earnings guidance for the second half of calendar 2011 amid what it says are some encouraging signs in the advertising market CSL CSL the pharmaceutical company says it has addressed the majority of manufacturing flaws highlighted by the US Food and Drug Administration FDA and remaining concerns are currently being resolved EGP Echo Entertainment Group the casino operator has appointed two new directors FMG The High Court has given leave for Fortescue chairman Andrew Forrest to appeal as he said he was denied natural justice by the Federal Court that found he misled or deceived investors GNS Timber company Gunns says the Tasmanian Environmental Protection Agency s EPA view that work has substantially commenced on Gunns pulp mill project at Bell Bay adds clarity to the project NAB National Bank insists it remains focussed on growing its UK business after Moody s downgraded the ratings on NAB s Clydesdale Bank due to speculation it would be sold off NUF Nufarm the agricultural chemicals supplier is well placed to grow its operating profit in fiscal 2012 as it continues to diversify its product portfolio away from the weedkiller glyphosate PDN Paladin Energy which owns the producing Langer Heinrich uranium mine in Namibia has completed a 68 2 million placement of shares with institutional and accredited investors at 1 20 share or an 8 4 discount QAN Qantas said passenger numbers rose 6 7 percent in August while yields on domestic and international flying in the financial year to August were also higher The ACCC has approved Qantas proposed alliance with American Airlines on trans Pacific routes WES Wesfarmers announced is will sell its Premier Coal business to Chinese owned Yancoal Australia for 296 8 million Local Corporate Reporting Range Resources RRS Full year 2011 Results Gryphon Minerals GRY Full year 2011 Results Sundance Resources SDL Full year 2011 Results Ex dividend Date AIA Auckland Internation ARP ARB Corporation CMJ Consolidated Media IMD Imdex Limited LBL Laserbond Limited MTU M2 Telecommunication NCK Nick Scali Limited ONT 1300 Smiles Limited QUB Qube Logistics Hldg REH Reece Australia Ltd SDI SDI Limited SGM Sims Metal Mgmt Ltd WHG WHK Group Limited Market Summary ASX to open higher US UK Europe higher Commodities Stock Index up 0 9 Gold Stocks Index up 0 8 Oil Stocks Index up 1 5 US ADRs Broadly Higher BHP up 0 6 RIO down 0 8 AWC up 2 9 ANZ up 0 5 NAB down 2 5 NEM up 1 6 JHX down 4 4 NWS up 0 4 By Michael Hevern Head of Research For Buy and Sell recommendations on ASX listed companies register for a FREE trial of MDS Financial Research Tags Asian Markets ASX News Business News Commodities European Markets Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Trading News Morning Wrap Stock Market Analysis No Comments Share Purchase Plan Uranex Friday September 30th 2011 Uranex UNX announced on the 29 9 2011 that they would be conducting a Share Purchase Plan to raise additional capital The record date was the 28 9 2011 on which shareholders must own the share to participate in the SPP The closing date is 21 10 2011 Shares will be issued on 28 10 2011 and begin trading on 31 10 2011 A maximum of 15 000 can be purchased by each shareholder at 0 35 Discount 2 9 Liquidity Poor Profitability Ok Stability Poor www uranex com au Note Discount is based on the closing price on the 28 September 2011 Tags Share Purchase Plan SPP UNX Uranex Posted in Share Purchase Plan SPP No Comments ASX Company News Tox Free Acquires Pilbara Waste Friday September 30th 2011 The board of Tox Free Solutions Ltd TOX is pleased to announce it has entered into an agreement to acquire Pilbara Waste Pty Ltd based in Port Hedland Western Australia The acquisition is subject to due diligence with completion expected to occur within October 2011 The purchase price for the Pilbara Waste business is 4 54 million in cash In addition Tox Free will assume the current vehicle finance leases to the value of 1 million The value of Pilbara Waste fixed assets is approximately 3 million which are included in the sale price Tox Free is the dominant waste management provider in the North West Region providing industrial services solid liquid and hazardous waste management Tox Free expects to grow the services offered in the Pilbara region in the medium term through its expertise in servicing the resource sector The acquisition will further position Tox Free as a leading provider of industrial and waste management services in the region www toxfree com au http www traderdealer com au Fundamentals tox Tags Mining Services Pilbara Waste TOX Tox Free Waste management Posted in ASX Company News No Comments ASX Company News Oil Production Resumes At Growler Oil Field Friday September 30th 2011 Senex Energy Limited SXY confirmed that production had resumed at Growler oil field in the South Australian Cooper Basin Senex Managing Director Ian Davies said that Growler production had recommenced in PRL 15 Senex 60 We regained access to Growler oil field on 29 September after rebuilding the bridge across Cooper Creek and regrading the access road Production recommenced immediately and the first oil deliveries from the site will begin in coming days he said Mr Davies said that production was also due to commence within days at Vintage Crop 1 in PEL 516 Senex 100 following the discovery of oil in the McKinlay Member of the Murta Formation in June 2011 This is the beginning of a very exciting time for Senex as we ramp up production in line with our 2011 12 target of more than 700 000 barrels of oil Now that we have regained access to Growler work will start on our aggressive development and exploration drilling programs in PRL 15 and the adjacent PEL 104 licence he said www senexenergy com au http www traderdealer com au Fundamentals sxy Tags Oil and Gas Production Senex Energy SXY Posted in ASX Company News No Comments ASX Company News Koon Holdings Secures New Precast Contracts Friday September 30th 2011 Koon Holdings Limited KNH one of Singapore s leading infrastructure construction and precast specialists is pleased to announce that it has secured new precast projects with an aggregate contract value of S 53 73 million Highlights of the New Precast Projects Secured The HDB and private industrial development projects were secured through the Group s subsidiaries Econ Precast Pte Ltd Econ and Contech Precast Pte Ltd Contech Under the agreements Econ and Contech will supply precast components over a contract period of 7 to 18 months Both Econ and Contech have the highest license L6 from the Building and Construction Authority of Singapore BCA which allows them to bid for precast concrete works in Singapore of unlimited contract value Commenting on the new precast projects secured Mr Tan Thiam Hee 陈添喜 Managing Director and Chief Executive Officer of Koon said Our foray into this fast growing niche market is further validated as we increase our precast order book with these sizable precast projects HDB recently initiated the largest supply of flats ever offered in a single launch with another 4 200 build to order flats to be launched in November 2011 In line with the strong demand for public housing projects precast products are gaining wider adoption as they simplify on site construction process provide better quality control and higher cost efficiencies With the Singapore government s initiatives to increase productivity in construction related activities there is also a progressive adoption of precast products in private sector projects Riding on the precast demand our established precast subsidiaries are in a very strong position to meet the increased demand with our comprehensive range of precast products and manufacturing capabilities in our three manufacturing yards www koon com sg http www traderdealer com au fundamentals knh Tags Construction KNH Koon Holdings Precast Concrete Posted in ASX Company News No Comments Stock Market Analysis Copper Plunges Eurozone Leaders Split Over Bailout Package Thursday September 29th 2011 US stock markets ended a 3 day rally and sold off heavily again in the late session as commodity prices plunged and the eurozone policymakers remain split over the action plan to contain the European debt crisis European stock markets plunged overnight Investors chose caution which led to losses across the board Asian energy and mining stocks traded higher following the rally in commodities yesterday however this is likely to be reversed today after commodity prices fell sharply overnight Commodities prices traded sharply lower as Gold prices fell to US1 610 and while crude oil closed down around US80 The SPI Futures is trading around the key pivot level of 4000 ending down 1 4 or 58 points at 4005 The key levels for our index today are 3920 to 4080 Yesterday Australian investors held their nerve despite a cautious close in the US markets in the previous session where a late session sell down was triggered when a Financial Times report said that seven of the eurozone s 17 members are arguing for private creditors to accept a bigger writedown on their Greek bond holdings Aussie markets rose around 0 8 for the session and are holding up well for equities options expiry and the end of quarter Our market is holding above the key psychological 4000 level and was testing the 4080 mark at the close Recent gains have been held and we look set to finish on a positive note for the end of quarter providing

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  • 2011 August | Online Stockmarket Trading Update
    Symbio operates one of the largest pure VoIP carrier grade networks in the Asia Pacific region carrying over 1 5 Billion minutes of VoIP traffic annually www mynetfone com au http www traderdealer com au fundamentals mnf Tags MNF My Net Fone Phones Symbio Telcommunications Posted in ASX Company News No Comments ASX Company News Count Financial Acquired By Commonwealth Bank Wednesday August 31st 2011 Count Financial Ltd COU announces that it has entered into a Scheme Implementation Deed with Commonwealth Bank of Australia CBA under which CBA would acquire all of the ordinary shares in Count by a Scheme of Arrangement subject to shareholder approval and in the absence of a superior proposal Barry Lambert Count Founder and Executive Chairman and the other members of the Board of Count unanimously recommend that Count shareholders vote in favour of the Scheme in the absence of a superior proposal emerging and subject to an Independent Expert concluding that the offer is in the best interests of Count shareholders Subject to these conditions each Director of Count who holds Count shares intends to vote their shares in favour of the Scheme Other Lambert Family members who in aggregate hold approximately 20 of Count shares have also indicated to Count that they will vote in favour of the Scheme subject to no superior proposal being recommended by the Count Board Under the terms of the Scheme Count shareholders will have the choice of receiving A 1 40 cash per Count share or A 1 40 in CBA shares based on the volume weighted average price VWAP of CBA shares on the ASX in the 5 Business Day period ending on the day before the Scheme Meeting date which is presently expected to be in November 2011 In addition Count shareholders will receive the fully franked dividend of A 0 04 per Count share declared on 15 August 2011 in relation to Count s second half 2011 results before the Scheme becomes effective The offer consideration of A 1 40 per share to Count shareholders represents a premium of 32 1 to the unadjusted closing price of A 1 060 on 29 August 2011 a premium of 46 3 to the unadjusted one month VWAP prior to 29 August 2011 of A 0 957 and a premium of 40 4 to the unadjusted three month VWAP prior to 29 August 2011 of A 0 997 a premium of 52 2 to the adjusted closing price of A 0 651 on 29 August 2011 a premium of 73 0 to the adjusted1 one month VWAP prior to 29 August 2011 of A 0 573 and a premium of 64 6 to the adjusted1 three month VWAP prior to 29 August 2011 of A 0 602 www count com au http www traderdealer com au fundamentals cou Tags acquisition CBA Commonwealth Bank COU Count Financial Financial Services Posted in ASX Company News No Comments Stock Market Analysis Markets Surge In Reaction To Economic Summit Tuesday August 30th 2011 US stock markets continued to rally overnight but trading volumes were thin Markets continued to react positively to the economic summit that was held on the weekend European stock markets ended with higher overnight led by bank and energy stocks Asian stock markets generally rose yesterday Commodities prices traded higher but gold prices sold off below US1 790 while crude oil closed up around US87 The SPI Futures is trading around the key pivot level of 4000 ending up 1 5 or 63 points at 4 311 The key levels for our index today are 4350 to 4250 Yesterday Australian shares drifted higher and although volumes were light the key indices look set to retest recent highs around 4 320 for the S P ASX 200 and around 4400 for the All Ords The miners the banks and the REITs all performed well yesterday and that should continue today The All Ordinaries XAO was up 1 5 at 4334 yesterday and the S P ASX 200 XJO also closed up 1 5 at 4263 We have a busy week ahead for overseas economic data Mid week we have the US FOMC meeting minutes Canadian and Swiss GDP and Chinese PMI data while later in the week we ll see the UK PMI report US ISM manufacturing report and US Non Farms Employment report Global stocks traded higher overnight as US investors pushed stocks higher after hurricane Irene was less severe than feared and consumer spending data surprised European investors went bargain hunting as concerns over the debt issues in Greece eased Investors will be looking out for the PMI and ISM manufacturing data and US NonFarms payrolls report this week Our market is set to follow Europe and the US higher today with mining and financial stocks trading higher overnight providing a positive lead See below for ASX listed companies in the news today Economics News Today July Building Approvals US Markets US stock markets continued to rally overnight but trading volumes were thin Markets continued to react positively to the comments for the world economic leaders at the economic summit that was held on the weekend Investor sentiment was boosted by government data showing that American consumers increased their spending in July by the most in five months The Dow Jones Index closed near the highs of the session and is now almost flat for the year Bank of America surged 8 leading the Dow higher as the company agreed to sell half its stake in China Construction Bank for a 3 3 billion profit In the broader markets the S P 500 stock index and the tech heavy Nasdaq Composite jumped 3 Every sector of the S P 500 advanced with the financials and industrials leading the way Insurance stocks surged higher after the damage from hurricane Irene was less than feared All ten company groups that make up the S P index traded sharply higher Industrials were up 3 1 Materials were up 3 0 Energy was up 2 9 the Financials sector was up 4 2 Technology was up up 2 5 and Consumer Staples were up 2 9 The Dow Jones closed sharply up 2 3 or 255 points at 11 285 the S P 500 index closed up 2 8 or 33 points at 1 210 the Nasdaq ended up 3 3 or 82 points at 2 562 and the smaller cap Russell 2000 was up 4 8 European Markets European stock markets ended with strong gains higher overnight led by bank and energy stocks The Stoxx Europe 600 index rose 1 2 Financial and energy stocks traded higher as the US Fed Chairman Bernanke s comments fueled an appetite for riskier assets The Greek stock market rose 14 for the strongest performance in Europe after EFG Eurobank Ergasias SA and Alpha Bank SA shares surged 30 after announcing a friendly merger deal The merger is seen as a catalyst for a transformation of the Greek banking system raising hopes that takeovers may help banks weather the sovereign debt crisis The extension of the short selling bans in France Spain Italy and Belgium has helped the European markets move higher In London the markets were closed for a holiday while in Germany the DAX was up 2 4 or 133 points at 5 670 and in France the CAC was up 2 2 or 65 points at 3 154 Asian Markets Asian stock markets generally rose yesterday In Japan the Nikkei Stock Index finished the day higher as technology stocks rose In Hong Kong the Hang Seng Index rose but in China the Shanghai Composite Index bucked the trend and declined 1 4 as banks sold off after concerns there may be a further round of monetary tightening as the Chinese government has asked banks to include their margin deposits in the reserves required at the central bank thereby sucking liquidity from the financial system Energy stocks supported the market after Sinopec rose 6 7 after it posted first half results that beat estimates In China the SSE Composite was down 1 4 or 36 points at 2 576 while in Hong Kong the Hang Seng Index was down 1 4 or 283 points at 19 865 and in Japan the Nikkei 225 Index was up 0 6 or 53 points at 8 851 The South Korean KOSPI was up 3 0 for the session while the Indian market was down 1 8 Commodities The Dollar Index was lower at 73 70 on a higher Euro while the Australian Dollar last traded higher at 106 61 Commodities prices were higher For the session the benchmark crude NYMEX for August delivery was up 2 5 or US2 17 to settle at US87 55 Copper prices are still below key pivot level as Copper for August delivery was down 0 3 or 1 0 cents at US4 08850 August gold was down 0 3 or US5 70 at US1 786 80 ASX News Today AGL AGL continues to power ahead up over 10 in a week after their stellar results last week that showed net profit and earnings per share grew over 55 for the year ANZ ANZ Bank rose after the AFR reported the bank is looking at buying Japan s Tokyo Star Bank or Aozora Bank although they did not name their source At ANZ s last update the company said it is targeting Asia for growth and expects to get up to 30 of profits from the region by 2017 AWE AWE has announced a full year net loss of 117 million compared to 2010 loss of 29 million COU Count Financial more than doubled its annual profit in FY11 of 52 million up 113 as revenue jumped 33 to 174 million and is well placed to counter industry headwinds The company is Australia s biggest independently owned network of 900 financial planning accountants and advisers with its franchise containing over 350 accounting firms across the country Its shares closed up 3 9 CQO The Charter Hall Office REIT CQO was up 16 after a consortium led by Macquarie Group moved to take that company private through an offer that values the real estate investment trust at 1 74 billion Australian dollars or 3 52 unit but NTA value is currently 3 76 unit GFF Goodman Fielder the breads and spreads maker has said it will not provide guidance on its financial performance for 2012 after reporting a 167 million full year loss QRN QR National reported net profit for the 12 months to June was 349 5 million up from a loss of 36 8 million in the prior year but wild weather in Queensland cost the company 187 million QRN also warned coal haulage volumes remain depressed putting pressure on shares BHP Billiton said earlier this month it was interested in looking at building a rival rail line from Queensland s Bowen Basin to a proposed coal export terminal in Abbot Point MQA Toll road operator Macquarie Atlas Roads with toll roads in the US UK Germany and France has halved its first half loss to 106 4 million as revenues increased by 4 2 and expects revenue and earnings to increase in the next 12 months Local Corporate Reporting QRN QR National Ltd full year results GFF Goodman Fielder Ltd full year results Ex dividend Date AGG AngloGold Ashanti AMC Amcor Limited ASX ASX Limited BEN Bendigo and Adelaide CVC CVC Limited DCG Decmil Group Limited FWD Fleetwood Corp HGG Henderson Group MCC MacArthur Coal MOC Mortgage Choice Limited MRM Mermaid Marine ORG Origin Energy PBG Pacific Brands SDM Sedgman Limited SUN Suncorp Group Limited TEL Telecom Corporation WOR WorleyParsons Limited Market Summary ASX to open higher US UK Europe higher US ADRs Broadly Higher BHP up 3 3 RIO up 3 3 AWC up 3 1 ANZ up 4 1 NAB up 3 7 NEM flat JHX up 4 3 NWS up 2 5 Commodities Stock Index up 2 7 Gold Stocks Index up 2 3 Oil Stocks Index up 2 9 By Michael Hevern Head of Research For Buy and Sell recommendations on ASX listed companies register for a FREE trial of MDS Financial Research Tags Asian Markets ASX News Business News Commodities Crude Oil European Markets gold price S P500 Stock Market Analysis stockmarket trading US Market wrap Posted in Morning Wrap Stock Market Analysis No Comments ASX Company News New Hope Corporation Takeover Offer For Northern Energy Tuesday August 30th 2011 New Hope Corporation Limited NHC announces a 2 00 per share all cash off market takeover offer to acquire all the outstanding Northern Energy Corporation Limited Northern Energy ASX NEC shares not already owned by New Hope Offer The Offer values the shares not already owned by New Hope at approximately 50 million The Offer will deliver an attractive premium and certainty of cash consideration to Northern Energy shareholders In particular the Offer of 2 00 cash per Northern Energy share represents a premium of 29 0 to the closing price of 1 55 per Northern Energy share on 26 August 2011 being the trading day before New Hope announced the Offer a premium of 32 6 to the 1 month VWAP of 1 509 per Northern Energy share up to and including 26 August 2011 and a premium of 32 0 to the 3 month VWAP of 1 515 per Northern Energy share up to and including 26 August 2011 In addition payment terms under the Offer have been accelerated so that Northern Energy shareholders who validly accept the Offer will be paid within 10 business days of that valid acceptance www newhopecoal com au http www traderdealer com au fundamentals nhc Tags acquisition NEC New Hope Corporation NHC Northern Energy Takeover Offer Posted in ASX Company News No Comments ASX Company News Go Connect Enters Joint Venture With Priority One Network Tuesday August 30th 2011 GoConnect Limited GCN and Melbourne based public unlisted company Priority One Network Group have entered into a Memorandum Of Understanding MOU to establish a strategic partnership for the purpose of delivering a substantial full service advertising purchasing and transaction service platform to merchants and consumers Under the MOU GoConnect and Priority One Network group will each control 50 of the joint venture Priority One Network has established a delivery platform that enables the provision of a holistic service to merchants and consumers This platform enables the delivery of advertising purchasing and broader transaction solutions to a prospective 400 million members and consumers who have established relationships with these various companies associations and member groups Priority One has entered into collaborative agreements with these various domestic and international groups enabling these entities to strengthen their relationship with their existing consumers and provide compelling offerings to attract new customers Priority One will actively seek to convert this prospective membership and customer base into subscribers for its Debit Card offering to be co branded with Ezybonds Global Payment Systems Inc To date Priority One has entered into collaborative arrangements with 100 000 trading merchants across the globe whose consumer and membership base exceed 400 million www goconnect com au http www traderdealer com au fundamentals gcn Tags GCN Go Connect IT Joint Venture Online services Priority One Network Posted in ASX Company News No Comments ASX Company News NewSat Signs 134 million Pakistan Satellite Agreement Tuesday August 30th 2011 NewSat Limited NWT Australia s satellite company announces the signing of a ten year satellite capacity contract with 3A Technology 3A Technology is a leading Pakistani telecommunications provider delivering services to government and enterprise customers including Mobilink one of the largest mobile phone operators in Pakistan Pak Datacom subsidiary of Pakistan Telecom and the Government of Pakistan The commitment is for the purchase of US 134 million of transmission capacity on the Jabiru 1 satellite over ten years This contract is another major step forward in NewSat s strategy to become a global leader of satellite services and follows TrustComm s US 105 million contract signed earlier this month The two contracts totalling US 239 million confirm the paradigm shift as NewSat moves from being a reseller of satellite capacity to the owner of satellites The Jabiru 1 Ka band satellite capacity purchased by 3A Technology will serve multiple high demand regions within the Middle East including Pakistan and Afghanistan The Ka band capacity will enable 3A Technology to capitalise on future demand for enterprise network expansions banking and government sectors and the rapid growth of cellular backhaul requirements as telecommunication companies expand into rural areas and support the deployment of 3G 4G networks In commenting on the multi million dollar contract with 3A Technology Adrian Ballintine NewSat Founder and CEO said The region of Pakistan is amongst the most under serviced and fastest growing user of satellite technology in the world and is perfectly poised to take advantage of NewSat s services to bolster internal infrastructure and external communications 3A Technology is one of the emerging and innovative telecommunication companies in Pakistan with prominent customers providing mobile broadband and network services throughout the region They have seized the opportunity to secure high performance Ka band capacity over this region that relies heavily on satellite to deliver communication services www newsat com http www traderdealer com au fundamentals nwt Tags NewSat NWT Pakistan Satellite Satellite phones Posted in ASX Company News No Comments Market Data for Your Website Monday August 29th 2011 Display share prices on your website or mobile device If you re involved in running a website or blog you might be interested in finding out how easy it is to display share prices on your site Our sister company Bourse Data has launched a new service for supplying market data feeds and investor relations services to websites mobile applications and proprietary trading software Bourse Commercial has been supplying Australian and New Zealand stock market data and information for over 15 years and has now teamed up with

    Original URL path: http://blog.traderdealer.com.au/2011/08/ (2013-02-02)
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