Archive for November, 2009

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    • AGL to win from from the ETS

    Monday, November 30th, 2009

    The carbon pollution reduction scheme (CPRS) will put a dent in airline valuations but will provide AGL and Origin with scope for improvement, according to a Deutsche Bank report.

    The report suggests that an increase in free permits and energy industry assistance have nudged AGL over the line to be a net beneficiary of the ETS legislation.

    Other winners:

    • BHP Billiton
    • Origin
    • Bluescope Steel
    • Caltex

    The value of Virgin Blue and Qantas is expected to fall by 4-10%.

    Stephen Mayne noted last week that the passage of the ETS bill through the lower house had little impact on the stock market or on specific company share prices.

    AGL Energy
    ASX Code: AGK

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    Monday, 30th November 2009 Morning Wrap

    Monday, November 30th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

    Click here to download the mp3 audio recording (1476Kb).

    General Advice Only
    ************************************************
    In this morning s wrap

    SP500: down 1.7% (flat for Week)
    Shortened Week; Ends on Soar Note;
    Volumes Light; Financials Weigh

    NASDAQ: down 1.7% (down 0.3% for Week)
    Backs Off Resistance Again;
    Broadly Lower

    FTSE: up 1% (down 0.2% for Week)
    UK: Recover; Homes Prices Up (17 mths); Banks US$49.5b Loans to UAE ;
    DAX & CAC up 1.2% (flat for Week)

    NIKKEI: down 3.2% (down 4.6% for Week)
    JPY: Tax Rev to Fall; Yen 14 mth Highs; Bankruptcies Feb 10;

    CHINA: down 2.4% (up 6.1% for Week)
    China: Yuan to Remain Pegged;#1 Gold Producer 310t 2009
    Hang Seng down 4.8%(down 5.9% for Week)

    Oil: down 2.5% ($76) (down 2.4% for Week)
    Troubles in Dubai

    Gold: up 0.4% ($1178) (up 2.9% for Week)
    Commodities Lower;
    USD Hovers

    SPI: Critical Level(s): 4500 to 4800
    SPI up 37 (0.8%) (down 1.3% for Week)

    ASX News
    RBA interest decision Tues.(60% says 0.25% rise coming)
    OZL Meeting ($800m Cash); now purely Copper
    MAP Wants Qantas Sydney Terminal
    BHP Japan Coal talks wants indexed pricing

    In AGMs today we see Harvey Norman, Valad, Goodman Group, ING Office Fund, David Jones, Seek, Progen, Polaris Metals, Drake Resources, Warwick Resources, Straits Resources.
    Materials, Banks & Energy to hold to weaker
    ASX to open higher
    US & UK US negative close shortened week

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    US Markets Lower On 28/11/2009

    Monday, November 30th, 2009

    The US markets finished lower in a shortened trading session on Friday.  The Dow closed  down 154 points or 1.5%  at 10,309, the  S&P500 was down 19 points or 1.7% at 1091 and the Nasdaq was down 37 points or 1.7% at 2138.

    Gold  and oil both fell.    Gold settled down $12.60 at  $1180.30/oz  and crude oil was  down $3.06  at $74.90/bbl.

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    African Energy Resources Share Purchase Plan

    Monday, November 30th, 2009

    African Energy Resources  (AFR) announced on the 27/11/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is the 27/11/2009 on which shareholders must own the share to participate in the SPP. The closing date is 21/12/2009.  Shares will be issued  on 30/12/2009 and begin trading on 31/12/2009.   A maximum of  $12,000 can be purchased by each shareholder at $0.15.

    Discount : -7.1% Liquidity : Poor Profitability : Ok  Stability : Poor

    www.africanenergyresources.com

    * Note: Discount is based on the closing price on the 27 November 2009.

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    African Energy Resources Share Purchase Plan

    Monday, November 30th, 2009

    African Energy Resources (AFR) announced on the 27/11/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is the 27/11/2009 on which shareholders must own the share to participate in the SPP. The closing date is 21/12/2009. Shares will be issued on 30/12/2009 and begin trading on 31/12/2009. A maximum of $12,000 can be purchased by each shareholder at $0.15.

    Discount : -7.1% Liquidity : Poor Profitability : Ok Stability : Poor

    www.africanenergyresources.com

    * Note: Discount is based on the closing price on the 27 November 2009.

    For More Share Purchase Plans go to http://blog.mdsfinancial.com.au/category/share-purchase-plans/

    To Buy Shares And Participate in Share Purchase Plans use Trader Dealer http://www.traderdealer.com.au/

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    Retail Food Group Acquires Brumby’s Bakeries In Queensland and NZ

    Monday, November 30th, 2009

    Leading Australian retail food brand manager and franchisor Retail Food Group Limited (RFG) today announced that it had reached agreements by which the Brumby’s Bakeries master franchise territories for North Queensland and New Zealand will be reacquired and the Donuts Coffee & Muffins franchise system would be acquired.

    “The Brumby’s North Queensland master franchise territory represents the best performing Brumby’s territory in Australia”, RFG CEO Tony Alford said during the Company’s AGM today, “further, acquisition of the New Zealand master territory completes the re-acquisition of all master rights in that country so that the whole of the network therein is now ‘company managed’”.

    There are presently 37 outlets within the Brumby’s North Queensland territory and a further 19 outlets in New Zealand. “The transaction will deliver the equivalent in terms of EBIT contribution of an additional 26 new Brumby’s Bakeries outlets”, Mr Alford said. “Given the outlets forming part of the North Queensland and New Zealand master franchise territories already form part of the Brumby’s Bakeries system, integration of subfranchised outlets under RFG’s franchise service and operational support systems will be seamless in comparison to that which would apply if an independent network had been acquired”.

    Mr Alford noted that the Company’s Donut King, Michel’s Patisserie, Brumby’s Bakeries and bb’s café franchise systems had continued to achieve positive growth in terms of weighted average weekly sales (2% YTD) and weighted average transaction values (3% YTD).

    www.rfg.com.au

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    Hostech Acquires 5Star and OfficeLink

    Monday, November 30th, 2009

    Hostech  Limited  (HTC)  advises  that  it  has  reached  agreement  to purchase the assets of 5Star and OfficeLink+. Final contracts are currently being prepared by the parties. The  addition  of  the  5Star  and  OfficeLink+  customer  bases  and  accompanying  annuity revenue  streams  add  an  exciting   dimension  to  the  business  and  will  enable  HTC  to  offer  its customers a broader range of communications services.

    Carlos Perez comes with an impressive track record in telecommunications having founded T3 Communications in January 2002 and then selling the company to Pacific Internet (Australia), in 2005.  Carlos  has  been  successfully  involved  in  eight  telecommunication  start  up  operations  in eight different countries. He has also held senior finance roles at other Australian publicly listed companies. Frank Bradicich is equally well credentialed as a long established sales professional in the industry. 5Star was formed in 2007 and quickly reached break even in late 2008.

    Carlos  Perez  comments  that  “Hostech  represents  an  exciting  opportunity  to  deliver  a  greater array of communication products to SMEs through a single company while delivering excellence in customer service.  The combination of a customer focused team and the Board’s commitment to cash accretive acquisitions will deliver sustainable value to shareholders.”

    www.5startelecom.com.au

    www.officelink.net.au

    www.hostech.com.au

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    Ambertech Wins Digital Recording Contract With

    Monday, November 30th, 2009

    Ambertech Limited (AMO) has been awarded a contract with the State of Victoria, through Victoria Police, for the supply and installation of David Horn Communications (DHC) Digital Interview Recording Equipment, following a comprehensive tender evaluation process. The contract has an estimated value of over $9M over five years, with Ambertech having supplied $5M worth of equipment and services during the initial 12 months of the contract. Victoria Police have deployed over 500 units to date throughout Police Stations and other Victoria Police facilities and training establishments state wide as part of the Digital Evidence Capture (DEC) project currently in progress. The contract is part of the ongoing success story for the DHC Interview Recorders within Australia following on from Ambertech’s previous successes with other government organizations.

    Adds Garrick Simeon, Corporate Marketing Manager, “The tender win reinforces Ambertech’s position as a market leader in supply and support for Australia’s Law Enforcement sector and Ambertech’s distribution of DHC products complements the quality offerings we offer to the Defence, Law Enforcement and Security (DLES) market nationally. Based in Bedfordshire just north of London, UK David Horn Communications is recognized as a market leader for providing innovative solutions to meet specific operational requirements for law enforcement and evidence and intelligence gathering organizations internationally. Ambertech is an acknowledged leader in the identification, supply and distribution of advanced technologies for the broadcast, DLES, professional audio and video markets within the Oceania region. Amber’s expertise fully and uniquely encompasses both the production and the delivery of today’s rich audio visual experience.

    www.ambertech.com.au

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    Foster's wins $546m tax appeal

    Friday, November 27th, 2009

    Foster’s has won a major victory against the ATO, successfully appealing against a tax assessment which could have cost the company $546 million.

    Foster’s has already paid $253.6 million on the assessment related to deductions between 1998 and 2004, and this money could be refunded if the tax office chooses not to appeal, or if it loses an appeal.

    The result should not affect the brewer’s financial position, but the share price yesterday did drop 7 cents to $5.51.

    Foster’s Group
    ASX Code: FGL

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    Friday, 27th November 2009 Morning Wrap

    Friday, November 27th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

    Click here to download the mp3 audio recording (886Kb).

    General Advice Only
    ************************************************
    In this morning s wrap

    FTSE: down 3.2% (Biggest Fall Since March)
    Banks to Suffer From Dubai US$60bn Debt Standstill;
    CAC down 3.4%

    DAX: down 3.3%
    Dubai Default Triggers Writedown Concerns;
    Autos Weigh;

    Dollar Index: Hovers Around Support
    US$ Recovers;
    A$ lower 91.26

    CHINA: down 3.6% – Volatility
    Buffet-backed BYD Profit up 200%, Sales Double;
    Hang Seng down 1.8%;

    Oil: down 2.2% ($76)
    Trouble in Dubai;
    US Inventories Up to 4 Week High

    Gold: up 0.5% ($1192) India to Buy More
    Commodities Lower;
    Dollar Recovers

    SPI Futures down 41 (0.9%)
    Yet to Crack Oct. Highs

    ASX News
    BHP Recession is NOT over; China at times only demand
    TCL looking for sweeter deal (Canadian Pension Fund)
    IGR Integra Mining t/o rumours
    Iron Ore stocks

    Possible takeover targets (source AFR):
    CEU; BXB; CEY; AOE;
    BEC; FGL; AMP; RIC;
    HSP; OZL; WOR
    Materials, Banks & Energy stocks to weigh
    ASX to open lower
    US & UK US gives Thanks Black Friday; UK selloff

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