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  • Profit Upgrade | Online Stockmarket Trading Update
    Company News No Comments ASX Company News Cardno Announces Profit Upgrade Thursday June 28th 2012 Cardno Limited CDD expects to report a Net Profit After Tax NPAT of between 71 million and 74 million for the year ending June 2012 an increase of 21 to 26 on the previous financial year NPAT of 58 8m The current profit estimate is based on unaudited management results and current forecasts Mr Buckley said that the FY12 performance reflects continuing growth of the business in variable market conditions and confirms the success of Cardno s growth strategy which has positioned the company to take advantage of strongly growing sectors such as environmental consulting services The growth in FY12 NPAT in excess of 20 was delivered notwithstanding the significant boost to FY11 NPAT from the emergency response phase of the oil spill work in the Gulf of Mexico Cardno s FY12 results were also boosted by the addition of new partner businesses including Cardno TEC in October 2011 Cardno HRP in November 2011 and Cardno ATC in March 2012 said Mr Buckley The ongoing growth of the business and the successful capital raising to support the acquisition of Cardno ATC have resulted in increased liquidity in Cardno s stock and entry into the S P ASX200 index Cardno s market capitalisation has continued to grow and has recently exceeded 1 billion he added Mr Buckley also noted that Cardno s low gearing and strong balance sheet provide the company with a solid base for securing future acquisitions www cardno com Tags Cardno CDD Engineering Services Profit Upgrade Posted in ASX Company News No Comments ASX Company News Beyond International Announces Profit Upgrade Thursday June 28th 2012 Beyond International Limited BYI is pleased to advise that it anticipates after tax profit will be in the range of 8 to 8 5 million for the financial year ended 30th June 2012 an increase of 50 to 60 over the 2011 financial year In February 2012 following the release of the financial statements for the six months to 31 December 2011 the Company advised the ASX that subject to no further material negative currency fluctuations or deterioration in the broadcast or retail markets it expected full year profits to increase between 10 and 15 compared to the prior financial year The higher than anticipated full year profit increase is mainly attributable to a large sale of a completed television series produced and owned by the Company in June 2012 www beyond com au Tags Beyond International BYI Entertainment Profit Upgrade Posted in ASX Company News No Comments ASX Company News oOh Media To Deliver Fifth Year Of Profit Growth Thursday November 11th 2010 Australia s only listed out of home media specialist oOh media Group Limited ASX OOH today announced that it expected to deliver its fifth consecutive year of double digit earnings growth The company s strategy of offering a comprehensive suite of out of home products on a national scale and the general turn around

    Original URL path: http://blog.traderdealer.com.au/tag/profit-upgrade/ (2013-02-03)
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  • Beyond International Announces Profit Upgrade | Online Stockmarket Trading Update
    by the Company in June 2012 www beyond com au Tags Beyond International BYI Entertainment Profit Upgrade ASX Company News BrisConnections Delays M7 Motorway Opening ASX Company News Cardno Announces Profit Upgrade This entry was posted on Thursday June 28th 2012 at 6 47 am and is filed under ASX Company News You can follow any responses to this entry through the RSS 2 0 feed You can leave a response or trackback from your own site Leave a Reply Click here to cancel reply Name required Mail will not be published required Website RSS Feed Twitter Follow Us Sign up to our free weekly e newsletter Feel inspired Start trading Recent Post Markets Cap Best January Performance for Over a Decade Weekly Market Wrap The Covered Call Collar Part 3 1 of Options Trading for All Types of Market Environments Stock Market Analysis Markets Cap Best January for Over a Decade Stock Market Analysis Traders Take Profits Stock Market Analysis Markets Reach Bull Market Territory Stock Market Analysis US Markets Ease Near All Time Highs Markets Higher As Investors Play Catch Up Weekly Market Wrap Investing in 2013 continued Part 9 Stock Trading Tips for All Types of Market Environments Stock Market Analysis Markets Higher As Investors Play Catchup Stock Market Analysis Markets Cautious Ahead Of Chinese Data Archives February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 March 2012 February 2012 January 2012 December 2011 November 2011 October 2011 September 2011 August 2011 July 2011 June 2011 May 2011 April 2011 March 2011 February 2011 January 2011 December 2010 November 2010 October 2010 September 2010 August 2010 July 2010 June 2010 May 2010 April 2010 March 2010 February 2010 January 2010 December 2009 November 2009

    Original URL path: http://blog.traderdealer.com.au/2012/06/28/asx-company-news-beyond-international-announces-profit-upgrade/ (2013-02-03)
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  • Beyond International | Online Stockmarket Trading Update
    3 8 Franking 0 DRP Discount Not Available Beyond International Yield has been calculated on the closing price on the 3 3 2012 Current yield is based on the current dividend payment only Tags Beyond International BYI Dividend Ex Dividend Posted in Upcoming Dividends No Comments Dividends Beyond International Ex Dividend On 8 3 2011 Sunday March 6th 2011 Beyond International BYI will go ex dividend on 8 3 2011 The current dividend payment is 3 cents and it is 0 franked The record date is 15 3 2011 and the dividend will be paid on 15 4 2011 Based on the full year payment the dividend yield is 8 2 Current Yield 4 1 Franking 0 DRP Discount Not Available Beyond International Yield has been calculated on the closing price on the 27 2 2011 Current yield is based on the current dividend payment only Tags Beyond International BYI Dividend Ex Dividend Posted in Upcoming Dividends No Comments Dividends Beyond International Ex Dividend On 20 9 2010 Tuesday September 7th 2010 Beyond International BYI will go ex dividend on 20 9 2010 The current dividend payment is 3 cents and it is 0 franked The record date is 24 9 2010 and the dividend will be paid on 17 11 2010 Based on the full year payment the dividend yield is 8 3 Current Yield 4 2 Franking 0 DRP Discount Not Available Beyond International Yield has been calculated on the closing price on the 2 9 2010 Current yield is based on the current dividend payment only Tags Beyond International BYI Dividend Ex Dividend Posted in Upcoming Dividends No Comments Beyond International Ex Dividend On 9 3 2010 Wednesday March 3rd 2010 Beyond International BYI will go ex dividend on 9 3 2010 The current dividend payment is 3 cents and it is 0 franked The record date is 15 3 2010 and the dividend will be paid on 16 4 2010 Based on the full year payment the dividend yield is 8 0 Current Yield 4 0 Franking 0 DRP Discount Not Available www beyond com au Yield has been calculated on the closing price on the 26 2 2010 Current yield is based on the current dividend payment only Tags Beyond International BYI Dividend Ex Dividend Posted in Upcoming Dividends No Comments Beyond International Ex Dividend On 21 9 2009 Monday September 7th 2009 Beyond International BYI will go ex dividend on 21 9 2009 The current dividend payment is 3 cents and it is 0 franked The record date is 25 9 2009 and the dividend will be paid on 12 11 2009 Based on the full year payment the dividend yield is 7 7 Current Yield 4 6 Franking 0 DRP Discount Not Available www beyond com au Yield has been calculated on the closing price on the 4 9 2009 Current yield is based on the current dividend payment only Tags Beyond International BYI Dividend Ex Dividend Posted in Upcoming Dividends No Comments

    Original URL path: http://blog.traderdealer.com.au/tag/beyond-international/ (2013-02-03)
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  • BYI | Online Stockmarket Trading Update
    3 8 Franking 0 DRP Discount Not Available Beyond International Yield has been calculated on the closing price on the 3 3 2012 Current yield is based on the current dividend payment only Tags Beyond International BYI Dividend Ex Dividend Posted in Upcoming Dividends No Comments Dividends Beyond International Ex Dividend On 8 3 2011 Sunday March 6th 2011 Beyond International BYI will go ex dividend on 8 3 2011 The current dividend payment is 3 cents and it is 0 franked The record date is 15 3 2011 and the dividend will be paid on 15 4 2011 Based on the full year payment the dividend yield is 8 2 Current Yield 4 1 Franking 0 DRP Discount Not Available Beyond International Yield has been calculated on the closing price on the 27 2 2011 Current yield is based on the current dividend payment only Tags Beyond International BYI Dividend Ex Dividend Posted in Upcoming Dividends No Comments Dividends Beyond International Ex Dividend On 20 9 2010 Tuesday September 7th 2010 Beyond International BYI will go ex dividend on 20 9 2010 The current dividend payment is 3 cents and it is 0 franked The record date is 24 9 2010 and the dividend will be paid on 17 11 2010 Based on the full year payment the dividend yield is 8 3 Current Yield 4 2 Franking 0 DRP Discount Not Available Beyond International Yield has been calculated on the closing price on the 2 9 2010 Current yield is based on the current dividend payment only Tags Beyond International BYI Dividend Ex Dividend Posted in Upcoming Dividends No Comments Beyond International Ex Dividend On 9 3 2010 Wednesday March 3rd 2010 Beyond International BYI will go ex dividend on 9 3 2010 The current dividend payment is 3 cents and it is 0 franked The record date is 15 3 2010 and the dividend will be paid on 16 4 2010 Based on the full year payment the dividend yield is 8 0 Current Yield 4 0 Franking 0 DRP Discount Not Available www beyond com au Yield has been calculated on the closing price on the 26 2 2010 Current yield is based on the current dividend payment only Tags Beyond International BYI Dividend Ex Dividend Posted in Upcoming Dividends No Comments Beyond International Ex Dividend On 21 9 2009 Monday September 7th 2009 Beyond International BYI will go ex dividend on 21 9 2009 The current dividend payment is 3 cents and it is 0 franked The record date is 25 9 2009 and the dividend will be paid on 12 11 2009 Based on the full year payment the dividend yield is 7 7 Current Yield 4 6 Franking 0 DRP Discount Not Available www beyond com au Yield has been calculated on the closing price on the 4 9 2009 Current yield is based on the current dividend payment only Tags Beyond International BYI Dividend Ex Dividend Posted in Upcoming Dividends No Comments

    Original URL path: http://blog.traderdealer.com.au/tag/byi/ (2013-02-03)
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  • Entertainment | Online Stockmarket Trading Update
    million Crown s total investment in Perth will now exceed 2 2 billion Upon completion Crown Towers Perth will be the largest hotel in Perth and will take hotel room capacity at Burswood to nearly 1 200 rooms Construction is expected to commence in early 2013 and the hotel which will take approximately 3 years to complete will comprise 500 rooms and include restaurants bars resort and convention facilities The new hotel comes at a time when Perth and Western Australia are in desperate need of additional luxury hotel and short term accommodation to satisfy the demands of business travellers and tourists and will put Perth firmly back on the map for leisure travellers seeking exclusive resort style experiences The hotel will be located on land currently owned by Burswood as well as land to be acquired from the State adjacent to the existing complex and currently part of the golf course and provision will be made for the future development of serviced apartments and potentially mixed and retail facilities Burswood has reached agreement in principle to pay the State Government 60 million to acquire theland for the development of the hotel As part of the agreement in principle with the Government and to meet the expected increase in demand from a growing population and increased visitations to Perthand the resort the Government has agreed not to oppose an application for 500 additional gaming machines and 130 additional gaming tables including new private gaming salons This increase in gaming product will be rolled out over the next five years and is subject to the approval of the Gaming and Wagering Commission of Western Australia www crownlimited com Tags Crown Limited CWN Entertainment Gaming New hotel Posted in ASX Company News No Comments ASX Company News Ten Network Holdings To Sell Eye Corp Monday July 23rd 2012 Ten Network Holdings TEN announces it has entered into an agreement to sell EYE Corp Pty Limited to Outdoor Media Operations Pty Limited the owner of oOh media Pty Limited an Australian outdoor advertising specialist OMO is controlled by Champ Private Equity This will comprise gross cash proceeds of up to 120 million at completion and deferred consideration of 25 million payable three years post completion Certain of EYE s Australian onerous contracts will be retained by TEN but the operation of the relevant assets will be subcontracted to OMO The net present value of these onerous contracts is estimated to be approximately 16 million OMO with the assistance of TEN intends to sell the US and UK operations of EYE to appropriate third parties In the event that either or both of these operations are not sold within an agreed timeframe TEN may choose or be required to reacquire them from OMO for nominal consideration TEN will have an economic exposure to the outcome of the sale of the US and UK operations and until sold the funding of those operations TEN s Chief Executive and Managing Director James Warburton said We are pleased with the outcome of the strategic review of EYE that was announced on March 19 Successful completion of the transaction with OMO will be good news for TEN It will make our balance sheet stronger by further reducing debt and will give us additional opportunity to invest in the creative renewal of TEN s television content TEN intends to use the proceeds to pay down debt and combined with the 200 million gross proceeds raised through the recent underwritten pro rata accelerated renounceable entitlement offer this transaction will further strengthen TEN s balance sheet and provide additional refinancing flexibility ahead of the upcoming maturity of the Company s USD125 million swapped into AUD210 million USPP Facility due in March 2013 www tencorporate com au Tags Advertising Asset Sale Entertainment TEN Ten Network Holdings Posted in ASX Company News No Comments ASX Company News Beyond International Announces Profit Upgrade Thursday June 28th 2012 Beyond International Limited BYI is pleased to advise that it anticipates after tax profit will be in the range of 8 to 8 5 million for the financial year ended 30th June 2012 an increase of 50 to 60 over the 2011 financial year In February 2012 following the release of the financial statements for the six months to 31 December 2011 the Company advised the ASX that subject to no further material negative currency fluctuations or deterioration in the broadcast or retail markets it expected full year profits to increase between 10 and 15 compared to the prior financial year The higher than anticipated full year profit increase is mainly attributable to a large sale of a completed television series produced and owned by the Company in June 2012 www beyond com au Tags Beyond International BYI Entertainment Profit Upgrade Posted in ASX Company News No Comments ASX Company News Transol Corp Launches Online Music Business Directory Friday May 25th 2012 The Directors of Transol Corporation Limited TNC are pleased to announce Valleyarm Digital Pty Ltd through its 100 owned subsidiary Music Services Asia Pte Ltd has entered into a joint venture agreement with Branded Limited for their new online Music Business Directory for Asia The directory will be known as www musicmattersconnects asia and will feature over 130 categories of Music Industry related categories spread over 5000 business and their contact details from the Industry operating in the Asian region The deal is expected to generate new revenues and earnings for the Valleyarm Group from sponsorship sales and advertising in the 2012 2013 financial year Gary Mackenzie Managing Director of Valleyarm and Music Services Asia said Music Services Asia is excited to launch the first dedicated online Asian Music Business Directory and considers this to be a significant opportunity to leverage Valleyarm s digital music content and provide a platform integrating business and advertising revenues Jasper Donat CEO of Branded Limited said Branded is delighted to be part of this pioneering initiative with Music Services Asia that will connect businesses in the Asian region with

    Original URL path: http://blog.traderdealer.com.au/tag/entertainment/ (2013-02-03)
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  • 2012 June | Online Stockmarket Trading Update - Part 2
    losses for a fourth straight session Investors mood was kept in check as Spanish and Italian bonds fell and the euro dollar weakened as borrowing costs increased at debt sales Yields on 10 year Spanish government bonds rose 24 basis points to 6 83 in the secondary market Spain is bracing for a downgrade to junk by the Moody s Investors Service Selling prevailed in the previous session ahead of the European Union summit and concerns that EU leaders will fail to address the sovereign debt crisis Traders remain cautious ahead of the European Union summit as these are calls for increased fiscal integration and a move toward a European banking union However remarks from German Chancellor Angela Merkel remains opposed to the views that Europe should have shared total debt liability In London the FTSE 100 index closed down 0 1 or 4 points at 5 447 the German DAX was closed up 0 1 or 4 points at 6 137 while in France the CAC was closed down 0 3 or 9 points at 3 012 Spain closed down 1 4 and Italy closed down 1 1 Greece up 1 6 Asian Markets Asian stock markets rose as emerging market stocks rose snapping a 3 day sell off as energy companies rallied on higher oil prices Across the region trader sentiment was down on the back the Moody s Investors Service downgrading 28 Spanish banks citing the that Spanish sovereign debt and rising losses on real estate loans Stocks have been under sustained pressure with the the MSCI Emerging Markets Index has slumping 12 this quarter on concern over the worsening eurozone debt crisis According to Bloomberg this index is now trading at 9 9 times estimated earnings compared with an 11 8 multiple for the MSCI World Index of developed nations Traders do not have much of a lead from overseas market overnight In China the SSE Composite closed down 0 1 or 2 points at 2 222 while in Hong Kong the Hang Seng Index closed up 0 5 or 84 points at 18 981 and in Japan the Nikkei 225 Index was down 0 8 or 70 points at 8 664 South Korean KOSPI closed down 0 4 for the session while the Indian market closed up 0 1 Commodities The Dollar Index was higher at 82 39 on a lower Euro while the Australian Dollar last traded flat at 1 0064 Commodities prices traded lower For the session the Benchmark crude NYMEX for June delivery was up 0 2 settled at US79 36 Copper prices are looking for key support level as Copper for July delivery was down 0 1 or 0 5 cents at US3 3205 while July Gold was down 0 9 or US13 50 at US1 574 90 ASX News Today FXJ Fairfax board under review as the mining magnate Gina Rinehart says her company Hancock Prospecting may sell its interest in Fairfax Media if suitable conditions are not offered to it IVA Ivanhoe Australia the Queensland focused minerals explorer will cut 50 jobs as its new owner Rio Tinto seeks to cut costs in the company LLC Lend Lease s Australian businesses Abigroup has been awarded a 315 contract to design and construct an upgrade to Sydney s M5 motorway NWS News Ltd has confirned it is considering splitting its buisiness groups and has declared about 100 redundancies as it starts to shed staff in a major restructure PPX PaperlinX expects to report a loss of 171 million for the 2012 financial year following difficult trading conditions in the second half restructuring charges and losses on the sale of its operations in the United States and Italy TEN Ten says Gina Rinehart and Lachlan Murdoch have increased their number of shares in the Ten Network through the media company s recent fund raising venture Corporate News Reporting today None Ex dividend Date Aneka Tambang ATM Market Summary ASX to open higher US UK Europe higher Commodities Stock Index up 0 1 Gold Stocks Index down 1 5 Oil Stocks Index up 1 1 US ADRs Broadly higher BHP up 0 6 RIO up 1 5 AWC down 0 3 ANZ up 1 6 NAB up 1 4 NEM down 1 8 JHX up 2 6 NWS up 8 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 European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments ASX Company News Bionomics Granted US Patent For Kv1 3 In T Cells Wednesday June 27th 2012 Bionomics Limited BNO has secured a new US patent critical to its Kv1 3 program which is focused on developing new treatments for common autoimmune disorders The patent granted by the United States Patent and Trademark Office relates to compounds useful in the modulation of potassium channel activity in cells particularly the activity of Kv1 3 channels found in T cells It protects the use of these compounds in the treatment or prevention of autoimmune and inflammatory diseases including but not limited to multiple sclerosis The patent also relates to pharmaceutical compositions containing these compounds and methods for their preparation and is valid for twenty years The Company owns other patents and patent applications that cover the Kv1 3 drug candidates which all derive from published International application WO2009043117 PCT AU2008 001480 priority date 4 October 2007 which has entered the national phase in all major markets including the recently granted US 8 202 513 Bionomics CEO and Managing Director Dr Deborah Rathjen described this patent as key within a broader Kv1 3 patent portfolio covering extensive intellectual property surrounding ion channel drug development including structural elements for selectivity and modes of channel block This latest patent provides further opportunity to maximise commercial benefit for the program she said Strong protection of our intellectual property is essential to our partnering strategy and enhancing shareholder value Bionomics BNO is a leading international biotechnology company which discovers and develops innovative therapeutics for cancer and diseases of the central nervous system Bionomics has small molecule product development programs in the areas of cancer anxiety epilepsy and multiple sclerosis BNC105 which is undergoing clinical development for the treatment of cancer is based upon the identification of a novel compound that potently and selectively restricts blood flow within tumours A clinical program is also underway for the treatment of anxiety disorders and depression based on BNC210 which has recently completed Phase I clinical trials Both compounds offer blockbuster potential if successfully developed www bionomics com au Tags Bionomics Biotechnology BNO Patent Granted Posted in ASX Company News No Comments ASX Company News Two Way TV To Merge With Priority One Wednesday June 27th 2012 Two Way Limited TTV is pleased to announce that it has signed a non binding Letter of Intent to merge the Company with Priority One Network Group Limited In accordance with the LOI Two Way intends to make an off market takeover bid for 100 of Priority One s shares in an all scrip deal The proposed Offer values the equity in Two Way at 4 cents per share Under its business model Priority One intends to establish a network of affiliated merchants who are able to connect and transact with a subscriber base of debit card holders via the use of a multi currency payments platform The business model is based on Priority One earning an agreed percentage of the value of each transaction effected using debit cards issued under its program In practical effect Priority One will be seeking to take advantage of the change in purchasing attitudes of the consumer in favour of online transacting Two Way has substantial expertise in deploying applications and services via IPTV online and mobile platforms and will bring this expertise to accelerate the roll out of Priority One s services Further a key element of Priority One s offering will relate to online wagering on both racing and sports which is a primary area of expertise for Two Way Priority One has entered into a number of significant agreements with a number of large scale domestic and international merchants and service providers These relationships are an ideal fit with Two Way s interactive applications which may be deployed as an interface between merchant affiliates and members of the Priority One account and associated debit card TwoWay will offer Priority One shareholders 7 5 ordinary Two Way shares for each Priority One ordinary share Chairman of Two Way Mr Stuart McGregor said This is a Company transforming deal which provides Two Way shareholders with an attractive opportunity to become part of a much larger and well capitalised business with significant international opportunities We view the consolidation of the Priority One and Two Way business as an ideal corporate fit The combination of technology corporate relationships and business processes as detailed in this offer are ideally suited to advance the commercial prospects of the consolidated entity both from a geographic perspective as well as underpinning the revenue and profit generating ability of both parties Two Way creates develops and builds advanced interactive media and gambling applications for mobile internet TV and IPTV platforms Our competitive strengths include our specialised expertise patented technology and library of interactive applications which have been deployed on all devices www twowaytv com Tags acquisition Merger Priority One TTV Two Way TV Posted in ASX Company News No Comments ASX Company News BioDiem To License Vaccine Technology From University of Canberra Wednesday June 27th 2012 Australian infectious disease therapy and vaccine development company BioDiem Ltd BDM announced that it has signed an agreement to license a novel vaccine technology from the University of Canberra expanding the potential disease targets of BioDiem s technology portfolio Research to date supports the technology s use in the development of vaccines for hepatitis including hepatitis B and D which currently have no curative treatment The new agreement provides BioDiem with an exclusive license to a novel vaccine technology which although in development for hepatitis may also have applicability in a range of other diseases All terms are in keeping with industry standards and as part of the agreement BioDiem has established a collaborative research program with the University of Canberra to develop the technology further We re very pleased to establish an important research partnership with the University of Canberra and its world leading researchers This technology is built on excellent science and the potential applications in hepatitis are very exciting As with our other recent acquisitions we have the in house expertise to significantly boost the value of this asset and believe that development towards a high value orphan indication may allow us to achieve a rapid entry to clinical trials and eventual outlicensing said BioDiem CEO Julie Phillips BioDiem is an ASX listed company based in Melbourne with an international focus on discovering developing and commercialising world class research and technology targeting cancers and infectious diseases BioDiem s core technologies include the Live Attenuated Influenza Virus LAIV the Savine platform and the BDM I antimicrobial compound The University of Canberra has a dynamic innovative and collaborative research culture with a focus on applied research in areas aligned with the needs of our local community as well as national and international research priorities External collaboration and engagement with academic government industry and community partners are highly valued and supported throughout the University s research work www biodiem com Tags BDM BioDeim Biotechnology License agreement University of Canberra Posted in ASX Company News No Comments Stock Market Analysis Traders Sell On Lack Of European Commitment To Action Tuesday June 26th 2012 US stock markets sold down overnight as traders worried that this week s European Union summit will fail to contain the sovereign debt crisis European stock markets plunged overnight Trader sentiment was down on the back of concerns that the EU summit will not be able to resolve the eurozone debt crisis Asian stock markets slid again yesterday Commodities prices generally lower Gold prices are trading up around US1 588 while crude oil closed down around US79 The Australian market is expected to trade lower today as traders take their lead from overseas as the European Leaders prepare for their EU Leaders summit and at home traders clean out their portfolios for the new year Markets traded sharplly lower in Europe and easing in the US markets The Australian dollar remains just above parity overnight The SPI Futures is trading below the key pivot level of 4000 ended down 0 8 or 34 points at 3 963 The key levels for our index today are 3900 to 4000 See below for ASX listed companies in the news today U S Markets US stock markets sold down overnight as traders worried that this week s European Union summit will fail to contain the sovereign debt crisis The Dow Jones Industrial Average fell over 1 while in the broader market the S P 500 slid 1 6 in broad based selling as 470 of its 500 stocks finished in the red Technology and financial sectors led the sell off as all 10 of the S P sectors fell however the defensive sectors such as utilities performed fared relatively better Traders pressed the sell button as equities slumped on reports that Chancellor Angela Merkel has hardened her resistance to eurozone debt sharing setting Germany at odds with its European counterparts at the summit on 28 29 June Investors are also facing a decline in American corporate earnings for the first time since 2009 Commodities prices continued to weigh on markets but grains did see some support All ten company groups that make up the S P index traded lower with Materials down 1 3 Energy sector was down 2 2 Financials sector down 2 1 Industrials sector was down 1 9 Health Care down 11 2 Technology was down 2 1 while Consumer Staples were down 1 6 The Dow Jones closed down 1 1 or 138 points at 12 640 the S P 500 index down 1 6 or 21 points at 1 314 the Nasdaq ended down 1 9 or 56 points at 2 836 and the smaller cap Russell 2000 was up 1 3 European Markets European stock markets plunged overnight The Stoxx Europe 600 index fell 1 5 its worst daily performance since early June Across the region the banks were the major decliners suffering loses of over 4 Spanish bond yields surged as investors gave up on expectations that the European Union summit later this week will be above to come to an agreement to reolve the worsening eurozne crisis Spain made a formal request for EU aid to bailout its banks and in Greece s the new finance minister resigned after suffered stomach problems that led him to be hospitalised Meanwhile the prime minister is recovering from eye surgery and will not be able to attend the European Union summit later this week The Spanish market slumped 3 5 while in Greece the market plummeted nearl 7 The German market recorded its worst single day drop in over a month In London the FTSE 100 index closed down 1 1 or 105 points at 5 450 the German DAX was closed down 2 1 or 131 points at 6 132 while in France the CAC was closed down 2 2 or 69 points at 3 021 Spain closed down 3 7 and Italy closed down 4 2 Greece down 6 7 trimming gains since the start of June to 18 Asian Markets Asian stock markets slid again yesterday Trader sentiment was down on the back of concerns that the EU summit will not be able to resolve the eurozone debt crisis Across the region growth sensitive stocks led the falls with mining and energy stocks selling off again Markets in China and South Korean led Asian markets lower In China the Shanghai Composite Index dropped 1 6 compounding a its 4 session losing streak as the markets there reopened after a long weekend Locally the selling is compounding on the last week for tax loss selling for the financial year In China the SSE Composite closed down 1 7 or 38 points aat 2 224 while in Hong Kong the Hang Seng Index closed down 0 5 or 98 points at 18 987 and in Japan the Nikkei 225 Index was down 0 7 or 55 points at 8 734 South Korean KOSPI closed down 1 2 for the session while the Indian market closed down 0 5 Commodities The Dollar Index was higher at 82 46 on a lower Euro while the Australian Dollar last traded lower at 1 0007 Commodities prices traded lower For the session the Benchmark crude NYMEX for June delivery was down 0 6 settled at US79 21 Copper prices are looking for key support level as Copper for July delivery was up 0 3 or 1 cents at US3 3255 while July Gold was up 3 2 or US21 50 at US1 588 40 ASX News Today BBG Billabong the surf wear retailer wiped out a thrid of its equity value as investors baulked at a 225 million capital raising and a big earnings downgrade BXB Brambles has appointed its new chief financial officer Zlatko Todorcevski CMJ Consolidated Media Holdings ConsMedia is in play a billionaire Kerry Stokes positioning for a possible bid GFF Goodman Fielder the breads and spreads supplier will cur 115 jobs from its Australian baking business as as a result of the closure of three bakeries LLC Lend Lease says work has been halted for a second time at Sydney s Barangaroo high rise development because of fears about asbestos NHF NiB the private health insurer says its full year profit will

    Original URL path: http://blog.traderdealer.com.au/2012/06/page/2/ (2013-02-03)
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  • Stock Market Analysis: US & European Markets Sell-Off on Spanish Debt Fears | Online Stockmarket Trading Update
    Bonds after the European Central Bank said NO to a Spanish plan to use central bank funds to recapitalise one of its troubled lenders Traders ignored comments from the European Commission that the eurozone s permanent rescue fund EFSF may be given permission to directly recapitalise the currency union s failing banks saying it would first need the direct agreement of Germany and the European Central Bank In the UK the London the FTSE 100 index fell again and is down 7 7 for May and is on track to record its biggest monthly fall since February 2009 Financials Energy and mining stocks suffered from the selling In London the FTSE 100 index last closed down 1 7 or 94 points at 5 297 the German DAX was closed down 1 8 or 116 points at 6 281 while in France the CAC was closed down 2 2 or 69 points at 3 016 Spain closed down 2 6 and Italy closed down 1 8 Greece 3 2 Asian Markets Asian stock markets fell yesterday as the Spanish banking system crisis worsened and the Chinese government ratcheted back the hopes for further stimulus Markets across the region traded lower and traders took risk off taking short term profits from the short rally from earlier in the week Growth sensitive stocks gave back some of there recent gains and investor were also spooked after Spain had its credit rating was downgraded by Egan Jones Ratings Chinese infrastructure companies fell as did Chinese resource and energy companies In China the SSE Composite closed down 0 2 or 5 points at 2 385 while in Hong Kong the Hang Seng Index closed down 1 9 or 365 points at 18 690 and in Japan the Nikkei 225 Index was down 0 3 or 24 points at 8 633 South Korean KOSPI was 0 3 for the session while the Indian market closed down 0 8 Commodities The Dollar Index was higher at 83 07 on a lower Euro while the Australian Dollar last traded lower at 97 06 Commodities prices traded lower For the session the Benchmark crude NYMEX for June delivery was down 2 4 settled at US87 39 Copper prices are looking for key support level as Copper for July delivery was down 3 7 or 3 3 cents at US3 3775 while July Gold was up 0 9 or US13 40 at US1 562 10 ASX News Today AAC Australian Agricultural Company the cattle producer has bought the site for its proposed 83 million abattoir in Darwin AGK AGL Energy s 448 million takeover of the Australia s third largest coal fired power station has received final approval EGP Billionaire James Packer has stepped up his push into the Sydney casino market by moving to install former Victorian premier Jeff Kennett on Echo Entertainment Group s board FXJ Fairfax Media journalists at have voted to go on strike for 36 hours over the outsourcing of 66 editorial production jobs to

    Original URL path: http://blog.traderdealer.com.au/2012/05/31/stock-market-analysis-us-european-markets-sell-off-on-spanish-deft-fears/ (2013-02-03)
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  • Charter Hall Group Acquires Woolworths Distribution Centre | Online Stockmarket Trading Update
    strong industrial property fundamentals including low supply and rental growth we anticipate the industrial market will continue to perform well Mr Harrison added The Woolworths National Distribution Centre is in line with DIF s objective of acquiring well positioned prime grade industrial properties with investment grade tenants and sees the Fund s WALE move to 12 5 years DIF s portfolio now comprises five prime industrial properties located in metropolitan industrial markets across New South Wales Queensland Western Australia and Victoria leased to national tenants including Australia Post Coles Group Grace Worldwide and Toll Holdings www charterhall com au Tags acquisition Charter Hall Group CHC Cromwell Group Property Investment ASX Company News Red Mountain Mining To Acquire Phillipines Gold Mine Stock Market Analysis US European Markets Sell Off on Spanish Debt Fears This entry was posted on Thursday May 31st 2012 at 6 30 am and is filed under ASX Company News You can follow any responses to this entry through the RSS 2 0 feed You can leave a response or trackback from your own site Leave a Reply Click here to cancel reply Name required Mail will not be published required Website RSS Feed Twitter Follow Us Sign up to our free weekly e newsletter Feel inspired Start trading Recent Post Markets Cap Best January Performance for Over a Decade Weekly Market Wrap The Covered Call Collar Part 3 1 of Options Trading for All Types of Market Environments Stock Market Analysis Markets Cap Best January for Over a Decade Stock Market Analysis Traders Take Profits Stock Market Analysis Markets Reach Bull Market Territory Stock Market Analysis US Markets Ease Near All Time Highs Markets Higher As Investors Play Catch Up Weekly Market Wrap Investing in 2013 continued Part 9 Stock Trading Tips for All Types of Market

    Original URL path: http://blog.traderdealer.com.au/2012/05/31/asx-company-news-charter-hall-group-acquires-woolworths-distribution-centre-from-cromwell/ (2013-02-03)
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