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European stocks lower
ASX Futures down 14 points
wise-owl.comPowered by
The S&P 500 declined 0.1 percent to 2,030.77 at 4 p.m. in New York,
after earlier rising to its average price during the past 100 days for the
first time since August. The Dow Jones Industrial Average declined
13.43 points, or 0.1 percent, to 17,217.11, while IBM’s retreat clipped
about 57 points off the index. The Nasdaq Composite Index lost 0.5
percent as biotechnology shares slumped.
A report yesterday showed new-home construction climbed more than
forecast in September to the second-highest level in eight years,
propelled mainly by gains in work on multifamily homes, such as
apartment buildings.
The Stoxx Europe 600 Index dropped 0.4 percent to 362.67 at the
close of trading. Europe’s equity benchmark pared a decline of as
much as 0.9 percent after commodity producers trimmed losses,
tracking gains in their U.S. counterparts.
US Stocks Ease Slightly Despite Strong Housing Data
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change
S&P500 -0.14%
Dow Jones -0.08%
NASDAQ -0.50%
Stoxx 600 -0.43%
FTSE100 -0.11%
Dax30 -0.16%
Crude Oil -0.74%
Gold +0.40%
The Australian share market fell on Wednesday as most sectors
finished in the red. The ASX 200 fell 0.7% to finish at 5,236 and the All
Ordinaries fell 0.6%.
The worst sectors were Energy and Materials falling 3.3% and 2.1%
respectively. The best performing sectors were Telecommunications
rising 2.57% followed by Healthcare up 0.89%.
The Reserve Bank of Australia released their minutes from its latest
monetary policy meeting. The RBA minutes said the Aussie dollar's
depreciation and falling commodity prices, along with low interest rates
had helped the economy rebalance without costing jobs.
"Members further observed that the risks in commercial property and
the property development sector were rising," the minutes said.
ASX Declines after RBA Minutes
THE ASX YESTERDAY IN REVIEW AUS Ticker Change
ASX200 -0.65%
ALLORDS -0.62%
CBA -0.92%
BHP -2.91%
NAB -0.63%
ANZ -1.59%
GXL -1.95%
IAG +0.56%
CLH +1.83%
DAILY PRICE ACTIVITY AUSTRALIA
ASX200 price action yesterday
UPCOMING ANNOUNCEMENTS
Courtesy of http://www.brrmedia.com/calendar
What’s coming up?
DATE CODE COMPANY ANNOUNCEMENTDATE CODE COMPANY ANNOUNCEMENT
21/10/2015 ORG ORIGIN ENERGY LIMITED Origin Energy 2015 Annual General Meeting
21/10/2015 EAX ENERGY ACTION LIMITED Date Payable
21/10/2015 MPL MEDIBANK PRIVATE LIMITED Annual General Meeting
22/10/2015 DLS DRILLSEARCH ENERGY LIMITED Drillsearch 2015 September Quarter Results
23/10/2015 EVN EVOLUTION MINING LIMITED Evolution Mining September 2015 Quarterly Results
23/10/2015 CAJ CAPITOL HEALTH LIMITED Date Payable
27/10/2015 CNU CHORUS LIMITED Annual General Meeting
28/10/2015 AEF AUSTRALIAN ETHICAL INVESTMENT LIMITED Annual General Meeting
29/10/2015 MFF MAGELLAN FLAGSHIP FUND LIMITEDMagellan Flagship Fund Limited Annual General
Meeting
29/10/2015 BTT BT INVESTMENT MANAGEMENT LIMITED BT Investment Management Full Year 2015 Results
4/11/2015 NPX NUPLEX INDUSTRIES LTD Nuplex Industries 2015 Annual General Meeting
4/11/2015 NPX NUPLEX INDUSTRIES LIMITED. Annual General Meeting
5/11/2015 CCP CREDIT CORP GROUP LIMITED Credit Corp 2015 Annual General Meeting
5/11/2015 BLD BORAL LIMITED Boral 2015 Annual General Meeting
UPCOMING DIVIDENDS
Courtesy of http://www.morningstar.com.au/Stocks/UpcomingDividends
Tasty dividends
DATE CODE COMPANY ANNOUNCEMENTASX CODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING %
BAF Blue Sky Alternatives Access Fund 20 Oct 2015 06 Nov 2015 3.00 100.00
CDM Cadence Capital 20 Oct 2015 29 Oct 2015 6.00 100.00
NCC Naos Emerging Opportunities Company 20 Oct 2015 12 Nov 2015 3.00 100.00
GVF Global Value Fund 21 Oct 2015 06 Nov 2015 2.00 100.00
MCP McPherson's 21 Oct 2015 10 Nov 2015 2.00 100.00
NAC Naos Absolute Opportunities Company 21 Oct 2015 13 Nov 2015 2.00 100.00
RIC Ridley Corp 22 Oct 2015 30 Oct 2015 2.00 100.00
SNC Sandon Capital Investments 22 Oct 2015 30 Oct 2015 3.00 100.00
OPG Opus Group 26 Oct 2015 11 Nov 2015 1.00 100.00
CUP Countplus 27 Oct 2015 16 Nov 2015 2.00 100.00
NABHA HY 3M PER Q X ST 27 Oct 2015 16 Nov 2015 85.44 --
SFL Spring FG 27 Oct 2015 19 Nov 2015 2.60 100.00
WHATS HOT?
DATE CODE COMPANY ANNOUNCEMENT
WHATS NOT?
CGF.asx - steaming hot NEA.asx - cooling down
Challenger Ltd announced that annuity sales
for the first quarter of FY16 were 12%
higher. UBS group has bought substantial
holding in the company. The stock is trading
at $7.90, with a 21.13% year to date return.
Despite rising revenue, Nearmap has
declined 48.9% since the beginning of the
year. It is currently trading at $0.33. The
investments in the U.S. are eating into
profits as the company reported a net loss of
$789 million.
ECONOMIC NEWS
What to look out for:
DATE CODE COMPANY ANNOUNCEMENT
No economic news apart
from Trade Data from
Japan
NEWSWORTHY
This caught our attention..
DATE CODE COMPANY ANNOUNCEMENTGold Road Resources Makes High-Grade Gold Discovery
Wise-owl pick Gold Road Resources (ASX:GOR) has made a
high-grade gold discovery in the South Yamarna Joint Venture.
Gold Road Resources announced in a statement to the ASX
that its five-hole drilling programme was successful as it
intersected a seven metre zone of “quartz-sulphide
mineralisation with visible gold observed in quartz veins”. The
high-grade intercept is 6.76 metres at 15.85 g/t gold (Au) from
161.71 metres with two adjacent areas.
The discovery was made in the Smokebush Dolerite which is
within the South Yamarna Joint Venture with Sumitomo Metal
Mining Oceania Pty Ltd. Sumitomo has a 50% interest in the
Joint Venture.
Read the full story here: https://www.wise-owl.com/news/gold-
road-resources-makes-high-grade-gold-discovery
LATEST UPDATE FROM WISE-OWL
TFS Corporation Ltd (TFC)
CODE COMPANY ANNOUNCEMENT
TFS Corporation Ltd is an Australian industrial company focused on the
production of Indian Sandalwood products. It controls the world’s largest
ethical and sustainable supply of Indian Sandalwood, a $1billion market
characterised by exhausted natural reserves. Our last advice was a
‘buy’ recommendation in February 2013 at a price of $0.56.
TFS offer profitable exposure to the Indian Sandalwood market. We are
attracted to the Company's growth trajectory, strong market position and
high competitive barriers. Whilst capital intensity of its operations and
external funding requirements are principal risks, we expect
shareholders to be rewarded as the Company's transition towards a
more diversified, consumer driven earnings mix becomes salient.
Offering a combination of capital growth and modest income, we
resume coverage with a 'buy' recommendation.
Buy | Price: $1.68 | Target: $2.30 | Stop: $1.20 | Long-Term Outlook
Click Here for the Full Report
Growth Portfolio: TFS Corporation Ltd (TFC)
ASX:TFC
OUR VIEWS AT A GLANCE
Find below a summary of Wise-owl’s current market views
CODE COMPANY ANNOUNCEMENT
The ASX 200 is stabilising but remains in a medium-term downtrend
We increase our focus on small-mid cap stocks
We remain cautious on the resource sector
We expect international markets to benefit from lower volatility
Bullish view on European equities
There are individual opportunities on the ASX 200
A WISE-OWL PUBLICATION
Presented by Simon Herrmann
DATE CODE COMPANY ANNOUNCEMENT
Wise-owl.com
Discovering the Bluechips of Tomorrow
www.wise-owl.com
Wise owl specializes in identifying emerging companies and financial market trends
very early in their life cycle. The significant capital growth that often follows has earned
wise owl a formidable reputation for discovering ‘the bluechips of tomorrow’. Investors,
executives, and institutions harness this expertise through wise owl’s research, and
capital market services.
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LICENSE & DISCLAIMER
DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER
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