Archive for June, 2009

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  • OBV: is this the holy grail of trading strategies?

    Tuesday, June 30th, 2009

    This is one of the better strategies that we have tested and interestingly it is one of the few that incorporates volume.

    The On Balance Volume (OBV) indicator is calculated by adding volume to the previous total if the price closes higher, and subtracting volume if the price closes lower. So an up day results in OBV being higher, while a down day results in OBV being lower. On days where the close is the same as the previous close OBV is zero.

    Click here to download the PDF guide.

    By Jeff Cartridge,
    Education Manager

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    Toll scores a $180 million contract

    Tuesday, June 30th, 2009

    Toll Group has scored a $180 million contract with the Gorgon gas project on Barrow Island, off Western Australia.

    Toll s Energy Division now has a three-year contract to manage the supply base and logistics services for the $50billion project, which will draw gas from Australia s largest-known gas resource.

    The Chevron-led project also has the backing of ExxonMobil and Shell, both with 25% stakes. Other service providers include Demcil Australia, Thiess and Kentz.

    ASX Code: TOL
    Chart from Market Analyser click here for a free 14-day trial!

    For more details on this news story:

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    Tuesday, 30th June 2009 Morning Wrap

    Tuesday, June 30th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

    Click here to download the mp3 audio recording (894Kb).

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

    DOW: up 1.1%

    NASDAQ: up 0.3%
    Apple s Chief Returns to Work;
    Adobe Shuts Down for a Week

    FTSE: up 1.3%
    Xstrata s Anglo Offer ($US40bn) Sparks Sector;
    DAX up 2.3% and CAC up 2.1%

    NIKKEI: down 1%
    Japan: Mizuho (#3) to Raise $US6.3bn (after $US6bn loss)
    Hang Seng down 0.4%

    Oil: up 3.4% ($71) (Flat for Week)
    Nigerian Unrest

    Gold: Flat ($937)
    Commodities Lower;
    USD Flat

    SPI up 41 (1.1%)
    SPI: Critical Level(s): 3850 to 4050

    ASX News
    LNN Kirin clears last major hurdle
    RIO Chinalco to take up rights $US1.5bn
    Iron Ore benchmark pricing set to unravel after 40 years
    Materials and Energy stocks provide support;
    Banks to offer support
    ASX to open positively;
    US and UK positive lead
    30-Jun-09

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    US Markets Higher on 29/6/2009

    Tuesday, June 30th, 2009

    The US markets climbed  higher last night.   The Dow closed up 90  points or 1.0%  at 8529, the  S&P500 was up 8 points or 0.9% at 927 and the Nasdaq was up 5 points or 0.3% at 1844.

    Gold was stable while oil continued to be volatile, closing higher.  Gold was down $0.30 at $940.70/oz and crude oil was up $2.33 at $71.49/bbl.

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    Phosphagenics Successfully Completes Phase 1 Trials

    Tuesday, June 30th, 2009

    Phosphagenics Limited (POH) today announced the successful completion of its Phase 1 Repeat Insult Patch Test (RIPT) demonstrating that the repeated application of its patented TPM/oxycodone formulation did not cause any significant erythema or sensitisation in humans. Erythema (skin reddening) and sensitization can typically occur when opioids are exposed to the skin and have until now been a limiting factor in commercialising transdermal opioids. With sales exceeding $US 1.5 billion annually, oxycodone is one of the world’s leading pain management drugs, being more potent than morphine with less adverse side effects. Currently it can be administered only orally or intravenously but Phosphagenics is working towards becoming the first company to offer patients suffering from chronic pain a gel or patch that will provide sustained-release of Oxycodone into the bloodstream. As part of these pre-clinical studies, the company conducted animal studies which established that its formula did not cause sensitisation. This was a crucial milestone in its opioid development program but it needed to be verified in humans before the compounds could be commercialized.

    RIPT is the standard method for assessing whether a compound is an irritant and/or sensitiser. During the three week induction phase of the study, TPM/Oxycodone was applied every second day to the same area of the subjects’ back and covered with an occlusive dressing. The site of application was assessed every second day after patch removal, and scored for redness and erythema. During the challenge phase which occurred two weeks after the completion of the induction phase, the formulation was applied once to a new area of skin and assessed to determine whether an immune response had developed. The open label, single centre study was conducted at the Royal Adelaide Hospital under the guidance of Principal Investigator, Dr Guy Ludbrook. Fifty healthy, adult volunteers participated in the RIPT trial. The endpoints were the assessment of erythema and sensitisation.

    These clinical results pave the way for an extensive Phase 1A pharmacokinetic study examining the transdermal delivery of Oxycodone from Phosphagenics’ TPM/Oxycodone in the recently announced patch systems and also in gels. These studies are expected to commence Q3/09.

    www.phosphagenics.com

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    Objective Corporation Signs $10million Welsh Government Contract

    Tuesday, June 30th, 2009

    Objective Corporation (OCL) today announced it has signed a major software and services contract with the Welsh Assembly Government. The contract will deliver an enterprise-wide solution that will position them at the forefront of Public Sector best practice information management. The contract is expected to have a value of approximately A$10m (£4.6m) to Objective over a five year period and is being undertaken in partnership with Siemens IT Solutions and Services, the Assembly’s prime contractor.

    Tony Walls, CEO, Objective Corporation said: “This is a significant achievement for Objective in the United Kingdom (UK) and it demonstrates that our commitment to the Public Sector and to long-term direct customer relationships continues to be valued in the market. “It is a privilege to be trusted by the Welsh Assembly Government to deliver a programme of this significance and scale.” Dr. Tony Jewell, Chief Medical Officer, Welsh Assembly Government and the Senior Responsible Officer for the programme said: “The primary focus for us is to introduce a solution that will ensure we are wholly compliant with information management legislation both now, and in the future.

    Objective’s solution will be rolled out to 6,500 users at multiple sites Objective Corporation across Wales. It will provide the Welsh Assembly Government with Objective Corporation’s robust and effective information management infrastructure. It develops, markets, tailors and supports its own Enterprise Content Management (ECM) software. Objective worked extensively with the Welsh Assembly Government to conduct several projects prior to entering into this agreement. The success of these projects influenced the government’s decision to implement the solution enterprise-wide.

    www.objective.com

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    MOKO.mobi Signs Second Indian Distribution Agreement

    Tuesday, June 30th, 2009

    MOKO.mobi Limited (MKB) a mobile service that enables people to easily chat and share over their mobile device, today is pleased to announce that it has launched on Idea Cellular India and becomes the second Indian carrier launch for MOKO.mobi this month. MOKO.mobi is localized for an Indian audience and will be developed to include complimentary content that the carrier is involved in, including Idea’s sponsorship of the Mumbai Indians IPL cricket team.

    “This is our second Indian carrier launch and we expect to conclude more Indian operator launches in the coming 2 quarters,” said Ian Rodwell, MOKO.mobi Limited’s CEO.

    The Idea version of MOKO.mobi is based on a user-pays subscription and premium activity business model, where MOKO.mobi is paid a share of all revenues from the mobile operator.  The launch includes a free trial period and revenues are expected to begin during the second quarter of the new financial year.

    MOKO.mobi is a global platform that enables people to Chat & Share Anywhere! People from around the world use MOKO.mobi on their mobile phone or PC to meet new people, chat in real-time with likeminded people, upload unlimited photos & video, share links, etc. It is available on multiple wireless carrier portals around the world including Telstra, Optus, 3, Boost Mobile, Virgin Mobile Australia & USA, Maxis Malaysia, Reliance Mobile and Idea Cellular India, together with Globe and Smart Philippines, making it directly accessible to over 180 million mobile consumers.

    http://corporate.moko.mobi

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    Macarthur Coal Share Purchase Plan

    Tuesday, June 30th, 2009

    Macarthur Coal (MCC) announced on the 18/6/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 24/6/2009 on which shareholders must own the share to participate in the SPP. The closing date for the offer is 16/7/2009.  Shares will be issued on 24/7/2009 and begin trading on the 27/7/2009.  A maximum of $15,000 can be purchased by each shareholder at $6.00.

    Discount : 6.6% Liquidity : Good Profitability : Good Stability : Good

    www.macarthurcoal.com.au

    * Note: Discount is based on the closing price on the 29 June 2009.

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    Macarthur Coal Share Purchase Plan

    Tuesday, June 30th, 2009

    Macarthur Coal (MCC) announced on the 18/6/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 24/6/2009 on which shareholders must own the share to participate in the SPP. The closing date for the offer is 16/7/2009. Shares will be issued on 24/7/2009 and begin trading on the 27/7/2009. A maximum of $15,000 can be purchased by each shareholder at $6.00.

    Discount : 6.6% Liquidity : Good Profitability : Good Stability : Good

    www.macarthurcoal.com.au

    * Note: Discount is based on the closing price on the 29 June 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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    Geopacific Share Purchase Plan

    Tuesday, June 30th, 2009

    Geopacific NL (GPR) announced on the 29/6/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 29/6/2009 on which shareholders must own the share to participate in the SPP. The closing date for the offer is 24/7/2009.  Shares will be issued on 30/7/2009 and begin trading on the 3/8/2009.  A maximum of $15,000 can be purchased by each shareholder at $0.04.

    Discount : 0.0% Liquidity : Poor Profitability : Ok Stability : Poor

    www.geopacific.com.au

    * Note: Discount is based on the closing price on the 29 June 2009.

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