Posts Tagged ‘Investor’

Trading Book Review: Technical Analysis – Power Tools For Active Investors

Friday, September 24th, 2010

Technical Analysis – Power Tools

Author: Gerald Appel
RRP $99.95

Technical Analysis - Power Tools For Active Investors

Trading book review by Janene Murdoch from the Educator Investor Bookshop

Unlike most technical analysis books, Gerald Appel’s Power Tools For Active Investors offers step-by-step instructions that virtually any investor can use to achieve breakthrough success in the market.

Appel illuminates a wide range of strategies and timing models, demystifying even advanced technical analysis the first time. Among the models he covers: NASDAQ/NYSE Relative Strength, 3-5 Year Treasury Notes, Triple Momentum, Seasonality, Breadth-Thrust Impulse, and models based on the revolutionary MACD techniques he personally invented.

Appel covers momentum and trend of price movement, time and calendar cycles, predictive chart patterns, relative strength, analysis of internal vs. external markets, market breadth, moving averages, trading channels, overbought/oversold indicators, Trin, VIX, major term buy signals, major term sell signals, moving average trading channels, stock market synergy, and much more. He presents techniques for short-, intermediate-, and long-term investors, and even for mutual fund investors.

This book is available from the Educated Investor Book shop. If you would like to order this book please visit The Educated Investor Bookshop website.

By Janene Murdoch
Educated Investor Bookshop

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Posted in Trader Dealer News, Trading Books | 1 Comment

Rio's plan to appeal to shareholders

Monday, May 4th, 2009

Rio is thought to be exploring ways to make the Chinalco deal more palatable to investors.

According to the Financial Times, Rio and Chinalco are trying to address shareholders concerns regarding the diluting effect the proposed $7.2bn convertible bond offered to Chinalco would have on the shares of retail investors.

While it sounds like nothing has been finalised, the article describes one potential scenario in which Chinalco would be offered convertible bonds to the value of 5% of Rio s share capital, a decrease from the 8% currently being discussed, and the shortfall in funding would then be made up by offering the remaining 3-4% to existing shareholders.

Regulators and shareholders will be asked to review in the basic structure of the deal in June.

Click here to read the full article.

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Will Fortescue be the next miner to go offshore?

Wednesday, February 18th, 2009

Fortescue Metals looks like being the next Australian miner to be picked up by overseas investors.

According to the HeraldSun, the American miner Anglo American and China Investment Corp are in talks with Fortescue Metals Group, and both were seen visiting Fortescue properties last week.

This is the latest of a string of deals which has also seen top Australian miners Rio Tinto and OZ Minerals looking to sell substantial assets to foreign buyers.

This deal would further add to Treasure Wayne Swan s headache regarding foreign ownership legislation, which he has signalled is soon likely to be tightened.

Rumours of a takeover have bubbled up several times in recent months, causing spikes in the share price and requiring Fortescue to respond to ASX inquiries. Fortescue has not commented on this latest speculation.

Stocks for your watchlist:

  • Fortescue Metals Group: FMG.AX (ASX)
  • Anglo American PLC: AAL.L (London Stock Exchange); AAUK.O (NASDAQ)
  • BHP Billiton: BHP.AX (ASX); BLT.L (London Stock Exchange); BHP.N (New York Stock Exchange)

Further information:

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RIO investors concerned

Monday, February 16th, 2009

Rio Tinto s $30 billion deal with Chinalco has angered some shareholders and institutional investors.

Legal & General, a British based institutional investor and Rio s second largest shareholder is leading the opposition.

Among the concerns:

  • The deal overrides the pre-emption principle, which would give existing shareholders the first option to buy new shares
  • Rio has agreed to sell assets and shares at a low price, in order to secure the deal
  • Chinalco might use its new influence to provide China with cheaper supplies of raw materials

Some Rio Tinto shareholders are urging BHP to launch a second takeover bid for Rio, and institutional investors are promising to provide the finance in an effort to foil Rio s Chinalco deal.

Stocks for your watchlist:

  • BHP Billiton: BHP (ASX, New York Stock Exchange); BLT (London Stock Exchange)
  • Rio Tinto: RIO (ASX, London Stock Exchange); RTP (New York Stock Exchange)

Further Information:

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Suspicious high-interest savings accounts to be investigated

Friday, February 13th, 2009

ASIC will be investigating several banks for potentially misleading customers with ads for high interest online accounts, according to a report in The Australian.

While the official cash rate is at a low of 3.25%, banks advertising returns of up to 6% are raising eyebrows. It is feared consumers may be at risk of being mislead by the attractive promotional rates while the details are buried in long Terms & Conditions.

Among the concerns:

  • high interest rates apply only to a short honeymoon period only, with the overall rate being barely different from standard accounts
  • advertising for the low rates continues even when the promotional expiry date draws close
  • fine-print clauses require a promotional no-fee account to be linked to other fee-paying accounts with the same bank
  • offers involving a margin above a standard variable rate, may be misinterpreted by consumers as being a fixed rate

Institutions offering attractive promotional rates include CommSec, AMP and St George Bank.

Read this article in The Australian for more information:

Also, have a look at Canstar Cannex s interest rate comparison table, to spot who s offering high rates

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Thursday 12th February 2009 MDS Morning Wrap

Thursday, February 12th, 2009

Presented by Michael Hevern
MDS Financial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (897Kb).

*********************************************

In this morning’s wrap…

World Indices
DOW up 0.6%

  • banks grilled by Congress

NASDAQ up 0.4%

  • Lack of detail in stimulus package
  • Apple down, Microsoft and Cisco up

US Stimulus plan

  • funding to buy toxic debts
  • additional capital for banks
  • $US50bn to prevent foreclosures
  • Strings attached to monies: salary caps, dividend restrictions & acquisition constraints

FTSE up 0.5%

  • RIO up 3.5%, on Chinalco deal.

CAC up 0.2%

DAX up 0.5%

Commodities
Oil down 4%

  • US inventories confirming supplies are increasing, falling global demand

Gold up 2.5% ($940)

  • weaker US dollar

Silver, lead and zinc up; copper and nickel down; aluminium flat

Commodities stocks index flat
Gold stocks index up 8.2%

  • US Dollar falling

Oil stocks index down 0.4%

Local market
SPI up 13 points

  • Rio Tinto, Leighton and Coca Cola to report

ASX News
CBA: profits down by 16%; bad debts soar
CPU: 1H profits down, free cash flow up 26%
Miners likely to recover today
Energy to weigh
Banks will hold ground
Look to gold for support
ASX likely to open higher

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Computershare Profits Down 15%, Shares Up 10%

Thursday, February 12th, 2009

Total revenue for the half-year is $777,056,785 a decrease of 0.8% over the last corresponding period.   The decrease in revenue is from the Asia Pacific and North America regions, which felt the effect of reductions in initial public offerings and a strengthening US dollar (Asia Pacific) and lower transaction volumes and margin income (North America). This was partially offset by an increase in revenue from the EMEA region which benefitted from significant rights issues in the Financial Services sector. 

The current half-year EBITDA result is $222,452,386 including significant items, a decrease of 13.9% from the prior year. Net profit after tax attributable to members is $130,871,281 a decrease of 15.5% from the prior year. The decrease is primarily driven by lower transaction volumes and lower margin income, asset write downs and a strengthening US dollar, partially offset by higher Financial Services sector revenues and cost reduction initiatives.

The company has announced an interim dividend for the 2008/09 financial year of AU 11 cents per share. This dividend is franked to 40%.

 http://corporate.computershare.com/australia/InvestorRelations/Pages/overview.aspx

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Wednesday 11th February 2009 MDS Morning Wrap

Wednesday, February 11th, 2009

Presented by Michael Hevern
MDS Financial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (850Kb).

************************************************

In this morning’s wrap…

World Indices
DOW down 4.6%

  • US Senate passed the $US838bn stimulus package, but not enough detail for the market
  • bouncing below 50-day moving average

S&P 500 down 4.9%

NASDAQ down 4.2%

  • US Treasury s Bank Stabilisation Plan passed
  • Apple, Microsoft and Cisco down

FTSE down 2.2%

  • lower commodity prices affecting energy and material stocks

CAC and DAX down 3.5%

NIKKEI down 0.3%

  • expect a selloff today
  • concerns about strength of the Yen

Commodities
Oil down 4%

  • below $40 level ($38)
  • continuing oversupply and falling demand

Gold up 2.7% ($917)

  • continuing an upward rising channel since mid-October

Silver up 2.2%
Aluminium, lead, copper, nickel, and zinc all down.

Commodities stocks index down 5%
Gold stocks index down 2.3%
Oil stocks index down 5%

Local Index
SPI down 80 points

  • expect a selloff this morning

ADRs
RIO down 4.5%
BHP down 9%
Alcoa down 10%
Alumina down 6%
ANZ down 7%
NAB down 8.5%

  • our market likely to open sharply lower today

ASX News
JB Hi-Fi: positive results for 1H09
Cochlear: 1H09 profit growth fastest in 3 years
AWB: forecast 1H09 profit down 55%
SUN & IAG: bushfire and flooding bill escalates
Miners and Energy to retrace
Banks to weigh
Look to gold for support

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