DOCSLIB.ORG

Australian Stocks: What Happened Today?

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Australian Stocks: What Happened Today? Australian Stocks: What Happened Today? Jan 30, 2014 By Henry Jennings, Private Client Advisor, BBY Ltd Feeling any whiplash at all? Bit like the Grand ol’ Duke of York at the moment. When they were up they were up, and when they were down they were down. And today was the down after the rally yesterday. In the end we settled down 41 points at 5188 after touching 5161 and a high of 5230. Sadly, we are just a small dinghy getting tossed around on a sea of International troubles and forces. However we do manage to shoot ourselves in the foot. So many metaphors I am getting lost now! Todays’ disasters were Treasury Wine Estates Limited (A$3.64, -20.0%),Navitas Limited (A$6.57, +2.2%) and MCS. Fortescue Metals Group Ltd (A$5.23, -1.3%) also tried to get in on the act as they announced that due to the weather their production guidance would be at the lower end of the forecasts. Good rally off their lows saved the day though and helped sentiment with the other iron ore stocks. The theme of better performing resource stocks whilst banks underwhelm continues. To the sectors Batman, let’s get the positive stocks out of the way. Telstra Corporation Limited (A$5.13, +0.6%) ,Westfield Group (A$10.15, +1.2%) and Ramsay Health Care Limited (A$43.87, +1.6%) were the best of the biggies while banks flopped as Australia and New Zealand Banking Group Limited (A$30.05, -1.1%) owned up to a glitch that seems to have cost them $70m.Most were off around 1%.Insurers also predictably fell, Insurance Australia Group Limited (A$5.50, -1.6%),Suncorp Group Limited (A$12.40, -1.1%) and QBE Insurance Group Limited (A$11.50, -0.9%) whilst big resource land suffered from Iron Ore prices slipping and weather related issues led by BHP Billiton Limited (A$36.69, -0.5%) and Atlas Iron Limited (A$1.015, -3.3%) although RIO Tinto Limited (A$65.80, unch) was relatively unscathed and Newcrest Mining Limited (A$9.66, +1.0%) even rallied. Other sectors in the dog house were energy Woodside Petroleum Limited (A$37.49, -1.0%),Oil Search Limited (A$8.08, -2.1%),Santos Limited (A$13.32, -1.3%) and Origin Energy Limited (A$13.94, -0.3%), consumer stocks like Metcash Limited (A$2.99, -1.3%),Wesfarmers Limited (A$42.00, -0.8%),Woolworths Limited (A$33.95, -0.2%) and Coca-Cola Amatil Limited (A$11.79, -0.9%). The IT sector was mixed Carsales.Com Limited (A$9.20, -0.2%),IRESS Limited (A$8.92, -1.3%),Codan Limited (A$0.955, -4.0%)Silex Systems Limited (A$2.05, -2.4%),IntegratedFNArena Research Limited (A$1.17, -0.8%) all down and dirty whilst Melbourne IT Limited (A$1.375, +3.4%) bucked the trend as they were quoted Ex return of capital.. As usual mining services took things to heart, Leighton Holdings Limited (A$15.99, -1.9%),Seven Group Holdings Limited (A$7.66, -1.2%),Monadelphous Group Limited (A$15.88, -3.6%),Lycopodium Limited (A$4.29, -4.7%),Toll Holdings Limited (A$5.55, -3.0%). More bad news for #QAN Today as it has had to can a few Sydney/Melbourne London flights due to lack of interest. Building stocks were a bright spot with Csr Limited (A$2.97, +0.7%),Boral Limited (A$4.77, -0.4%),DLX# and Adelaide Brighton Limited (A$3.70, unch) also performing better than the overall market. Expect tomorrow to be better with end of month buying and tarting up to benefit the index. For January, we are down around 3%! Not an auspicious start as we head into the all-important reporting season. Challenging times ahead! I cannot remember a period of so many downgrades from corporate Australia. It’s the new black! Big winners today were few and far between but Golds stood out led by Beadell Resources Limited (A$0.74, +5.0%),Oceanagold Corporation (A$2.12, +5.0%), followed by Independence Group NL (A$3.33, +3.7%),#VED#,Western Areas Limited (A$2.62, +1.6%),Ramsay Health Care Limited (A$43.87, +1.6%),Lynas Corporation Limited (A$0.305, +1.7%) and Evolution Mining Limited (A$0.64, +4.9%) whilst joining Michelle and her team were #MCS#,Treasury Wine Estates Limited (A$3.64, -20.0%),Downer EDI Limited (A$4.83, -5.1%),Mount Gibson Iron Limited (A$1.02, -5.6%), FLN,REA Group Ltd (A$40.21, -4.9%) and Village Roadshow Limited (A$7.07, -4.6%). Volume was reasonable at over $4.4bn with the Aussie dollar 87.30 ,Bitcons $1055 and Gold $1262. In lands far, far away ,Japan slumped as ‘Contagion’ seems to be the watch word at the moment. Nikkei down 380 points, Shanghai down 0.5% and Hong Kong off 1.5% in Chinese New Year shortened trading sessions. Stocks and Stories Treasury Wine Estates Limited (A$3.64, -20.0%) shocker. Sales suffering in their main markets of China ,US and also Australia. Oversupply and weak trading to blame apparently. This has been an ongoing saga for some time now. Think the only salvation is a tap on the shoulder. May happen. At least they can drown their sorrows in the boardroom. Forge Group Limited (A$0.68, -17.1%) need a miracle to arrest the death spiral with more bad news on the doorstep. They couldn’t take one more step! Navitas Limited (A$6.57, +2.2%) announced interim net profit figures of $36.1 million, up 3 per cent on previous year’s first half. That was despite revenue increasing 19 per cent to $421.9 million. The interim dividend is up 1c to 9.4c. MCS today announced that they had been unsuccessful in a tender for Shells’ business. Given their safety record should not be a surprise. Fortescue Metals Group Ltd (A$5.23, -1.3%) had originally promised to export between 127 million and 133 million tonnes in the 2014 financial year, but it today predicted that it would export exactly 127 million tonnes. Beach Energy Limited (A$1.405, -2.1%) revised its production and capital expenditure forecasts. The company said stronger oil production volumes from the Western Flank, in the Cooper Basin, would maintain maximum capacity Production guidance for the 2013-14 financial year was upwardly revised to between 9.2 million and 9.6 million barrels of oilFNArena equivalent (mmboe). Billabong International Limited (A$0.595, -4.0%) looked to have fallen into the hands of the hedge funds following a vote at the EGM. Wotif.com Holdings Limited (A$2.41, -0.4%) Graeme Wood today announced his corporate philanthropy has ceased and he is closing his Global Mail news web site in Mid-February. Seems his wallet isn’t as big as it once was! The Markit /HSBC final manufacturing PMI for January dipped to 49.5 from December’s 50.5, the first deterioration in six months. The figure was in line with the 49.6 reported in the preliminary version of the PMI released a week earlier. New Home sales dipped slightly in December but still recorded their biggest rise since 2008. Tomorrow's News Today More to come from FOMC fallout I suspect. Emerging market turmoil to continue. Russian Rouble at its lowest level. Argentina ouch! Turkey love those interest rates! Ukraine, Thailand, Syria, contagion anyone? A Japanese Bio Tech team has found a way to make adult stem cells. Just add acid! So much quicker. Now for human trials but if successful will open Pandorra’s box.(Great line from Notting Hill on this one!) You thought we had an issue with ageing populations at the moment. Wait til we can regenerate like Dr Who. Cool. Anyone remember Logan’s Run? And here’s a desperate moves as Qantas and Virgin rolls out unsolicited debit cards for 16 year olds!! Nice. Course it against the law but look for the Frequent Flyer Card in your letter box. Coming soon. Global interest rates are on the rise. Beware. South Africa’s Reserve Bank surprised observers by boosting its main interest rate to 5.5% from 5%. And in a possible move that makes me think the US isn’t as dumb as it looks, there is a movement to have Justin Bieber’s US visa rescinded for crimes against music.100,000 already signed. There must be more surely! Henry Jennings Private Client Advisor BBY Limited Participant of the Australian Securities Exchange Authorised and Regulated by the Financial Services Authority Level 17, 60 Margaret St Sydney NSW 2000 D +61 2 9226 0067 M +61 414 345 137 E [email protected] W www.bby.com.au Reprinted with permission of the publisher. Content included in this article is not by association the view of FNArena (see our disclaimer). Who is BBY? Australia and New Zealand’s largest non-bank owned stockbroker Ranked Top 10 Dealing Desk at the 2013 Stockbrokers Awards Australia’s largestFNArena range of financial trading products Visit us for more information bby.com.au | fb.com/BBYLtd | twitter.com/BBYLtd Disclaimer: If you are not an intended recipient of this communication, please notify the sender. You should not read, act upon, print, disclose, copy, retain or redistribute this communication or any attachment without the authority of BBY Limited (ABN 80 006 707 777/AFSL 238095/FSA Reg No.
Load more

Recommended publications
  • The Liquor Industry
    The liquor industry Technical Brief No. 14 Aug 2012 ISSN 1836-9014 David Richardson Technical Brief About TAI The Australia Institute is an independent public policy think tank based in Canberra. It is funded by donations from philanthropic trusts and individuals, memberships and commissioned research. Since its launch in 1994, the Institute has carried out highly influential research on a broad range of economic, social and environmental issues. Our philosophy As we begin the 21st century, new dilemmas confront our society and our planet. Unprecedented levels of consumption co-exist with extreme poverty. Through new technology we are more connected than we have ever been, yet civic engagement is declining. Environmental neglect continues despite heightened ecological awareness. A better balance is urgently needed. The Australia Institute’s directors, staff and supporters represent a broad range of views and priorities. What unites us is a belief that through a combination of research and creativity we can promote new solutions and ways of thinking. Our purpose—‘Research that matters’ The Institute aims to foster informed debate about our culture, our economy and our environment and bring greater accountability to the democratic process. Our goal is to gather, interpret and communicate evidence in order to both diagnose the problems we face and propose new solutions to tackle them. The Institute is wholly independent and not affiliated with any other organisation. As an Approved Research Institute, donations to its Research Fund are tax deductible for the donor. Anyone wishing to donate can do so via the website at https://www.tai.org.au or by calling the Institute on 02 6206 8700.
    [Show full text]
  • Treasury Wine Estates Interim 2021 Financial Result
    Treasury Wine Estates Interim 2021 financial result Treasury Wine Estates will host an investor and media webcast and conference call commencing at 11:00am (AEDT) on 17 February 2021. Links to register for the conference are provided below. The webcast and presentation material will be available at www.tweglobal.com. A replay of the presentation will also be available on the website from approximately 2:00pm. For the purposes of ASX Listing Rule 15.5, TWE confirms that this document has been authorised for release by the Board. Link to join webcast https://edge.media-server.com/mmc/p/z9ytk5cc Link to register for teleconference http://apac.directeventreg.com/registration/event/4947709 TREASURY WINE ESTATES LIMITED A B N 24 004 373 862 LEVEL 8, 161 COLLINS STREET MELBOURNE V I C 3 0 0 0 AUSTRALIA WWW.TWEGLOBAL.COM ASX ANNOUNCEMENT 17 February 2021 Strong execution driving positive momentum Reported 1H21 NPAT of $120.9m and EPS of 16.8 cps1 Announcement highlights • 1H21 EBITS2 down 23% to $284.1m and EBITS margin declined 3.8ppts to 20.1% • Global pandemic related disruptions to sales channels for higher margin luxury wine in key markets, and reduced shipments in China resulting from the anti-dumping and countervailing investigations initiated by the Chinese Ministry of Commerce (“the MOFCOM investigations”)3 leading to NSR4 down 8% to $1,410.0m • Retail and e-commerce channels continue to perform at elevated levels across all TWE’s key markets, reflecting the consumer behaviour shift towards in-home consumption of well-known and trusted brands during the pandemic • TWE’s execution of its COVID-19 Plan Ahead Agenda is driving strong momentum towards recovery in all regions.
    [Show full text]
  • Treasury Wine Estates Annual 2020 Financial Result
    Treasury Wine Estates Annual 2020 financial result Treasury Wine Estates will host an investor and analyst webcast and conference call commencing at 10:00am (AEST) on 13 August 2020. Links to register for the conference are provided below. Upon registration for the conference call, participants will receive a unique ID and dial in details. A replay of the presentation will also be available on the website www.tweglobal.com from approximately 1:00pm AEST. For the purposes of ASX Listing Rule 15.5, TWE confirms that this document has been authorised for release to the market by the Board. Link to register for teleconference http://apac.directeventreg.com/registration/event/7384978 Link to join audio webcast https://edge.media-server.com/mmc/p/zbhug94y TREASURY WINE ESTATES LIMITED A B N 24 004 373 862 LEVEL 8, 161 COLLINS STREET MELBOURNE V I C 3 0 0 0 AUSTRALIA WWW.TWEGLOBAL.COM MEDIA RELEASE 13 August 2020 TWE positioning for next phase of journey F20 NPAT down 25% to $315.8m and EPS down 26% to 43.9 cps1,2 Ahead of outlining details of the business update, TWE reiterates that its top priority remains the health, safety and wellbeing of its global team, its partners and all family members during these challenging and unprecedented times. TWE would like to thank all of these valued stakeholders for their ongoing commitment and support. Announcement highlights • NSR3 down 6% to $2,649.5m, reflecting challenging conditions in the US wine market and the impact of the COVID-19 pandemic, which had a significant impact on trading performance
    [Show full text]
  • Treasury Wine Estates Limited – Information Memorandum
    Treasury Wine Estates Limited – Information Memorandum In relation to the application for admission of Treasury Wine Estates Limited to the official list of ASX For personal use only Ref:BJ/SM FOST2205-9069112 © Corrs Chambers Westgarth 1 Purpose of Information Memorandum This Information Memorandum has been prepared by Treasury Wine Estates Limited ABN 24 004 373 862 (Treasury Wine Estates) in connection with its application for: (a) admission to the official list of ASX; and (b) Treasury Wine Estates Shares to be granted official quotation on the stock market conducted by ASX. The Information Memorandum will only apply if the Demerger is approved and implemented. This Information Memorandum: • is not a prospectus or disclosure document lodged with ASIC under the Corporations Act; and • does not constitute or contain any offer of Treasury Wine Estates Shares for subscription or purchase or any invitation to subscribe for or buy Treasury Wine Estates Shares. 2 Incorporation of Demerger Scheme Booklet (a) Capitalised terms defined in the Booklet prepared by Foster’s Group Limited ABN 49 007 620 886 (Foster’s) dated 17 March 2011 (a copy of which is included as Appendix 1 to this Information Memorandum) have the same meaning where used in this Information Memorandum (unless the context requires otherwise). (b) The following parts of the Booklet, and any supplementary booklets issued in connection with the Demerger Scheme, are taken to be included in this Information Memorandum: • Important notices and disclaimers, to the extent that it
    [Show full text]
  • 21St January 2011
    19 September 2014 Companies Announcement Office ASX Limited Level 45, South Tower, Rialto 525 Collins Street Melbourne VIC 3000 Dear Sir/Madam, Re: 2014 Annual Report In accordance with Listing Rule 4.7, attached is a copy of the 2014 Annual Report to be sent to shareholders. Yours faithfully, Paul Conroy Company Secretary TREASURY WINETREASURY ESTATES { ANNUAL REPORT 2014 } ANNUAL REPORT 2014 REPORT ANNUAL ABOUT TREASURY WINE ESTATES Treasury Wine Estates (TWE) is an Australian wine company with a heritage dating back to the establishment of the Lindeman’s vineyard in 1843. TWE’s rich history with its regional, brand and wine segment diversity has evolved over time through organic growth, merger and acquisitions, and most notably the demerger from Foster’s Group on 9 May 2011. TWE is a vertically integrated wine business. The Company has world-class production facilities in internationally recognised wine regions and sources grapes from a mix of Company-owned, leased and third party vineyards. TWE employs more than 3,000 winemakers, viticulturists, sales, distribution and support staff across the globe and the Company’s wine is sold in more than 70 countries around the world. 1 Our Locations 2 Chairman and Chief Executive Officer’s Reports 6 Operating and Financial Review 25 Corporate Responsibility 29 Diversity and Inclusion 31 Board of Directors 33 Corporate Governance 40 Directors’ Report 43 Auditor’s Independence Declaration 44 Remuneration Report – Audited 74 Consolidated Statement of Profit or Loss and Other Comprehensive Income
    [Show full text]
  • Commsec Daily Report S
    CommSec Daily Report s Evening Report | 18 August 2020 Latest news Latest Prices 4.30pm AEST Level Previous % chg Aussie shares pushed higher this afternoon, with the ASX 200 All Ords 6,268.7 6,218.5 0.8 lifting by 47pts or 0.77 per cent to 6,123.4. This was roughly enough ASX 200 6,123.4 6,076.4 0.8 to recoup Monday’s losses and keeps the market just ~1.2 per cent Shanghai 3,436.5 3,438.8 -0.1 away from a five-month high. The ASX 200 has struggled to crack Japan Nikkei 23,051.1 23,096.8 -0.2 6,200pts on three occasions over the past two months. A further decline in COVID-19 cases in Victoria and NSW, encouraging signs US Dow Jones 27,844.9 27,931.0 -0.3 for a coronavirus vaccine and better company profit results could US Nasdaq 11,129.7 11,129.7 0.0 help in coming weeks. UK FTSE 6,127.4 6,090.0 0.6 The market was kept positive thanks to strong gains from most Dow Futures 27,751.0 27,775.0 -0.1 miners, healthcare stocks, technology and consumer discretionary. Both Wesfarmers (WES), which owns Bunnings and online retailer Last Previous % chg Kogan.com (KGN) hit record highs today. The banks also bounced Consumer Discretionary 2,634.8 2,601.8 1.3 off intraday lows, which prevented the financials from dragging the Consumer Staples 13,338.3 13,458.7 -0.9 market lower.
    [Show full text]
  • Stoxx® Australia 150 Index
    STOXX® AUSTRALIA 150 INDEX Components1 Company Supersector Country Weight (%) Commonwealth Bank of Australia Banks Australia 8.37 CSL Ltd. Health Care Australia 7.46 BHP GROUP LTD. Basic Resources Australia 7.23 National Australia Bank Ltd. Banks Australia 4.37 Westpac Banking Corp. Banks Australia 4.09 Australia & New Zealand Bankin Banks Australia 3.75 Wesfarmers Ltd. Retail Australia 3.30 WOOLWORTHS GROUP Personal Care, Drug & Grocery Australia 2.87 Macquarie Group Ltd. Financial Services Australia 2.84 Rio Tinto Ltd. Basic Resources Australia 2.48 Fortescue Metals Group Ltd. Basic Resources Australia 2.27 Transurban Group Industrial Goods & Services Australia 2.20 Telstra Corp. Ltd. Telecommunications Australia 2.05 Goodman Group Real Estate Australia 1.77 AFTERPAY Industrial Goods & Services Australia 1.54 Coles Group Personal Care, Drug & Grocery Australia 1.39 Woodside Petroleum Ltd. Energy Australia 1.28 Newcrest Mining Ltd. Basic Resources Australia 1.27 Aristocrat Leisure Ltd. Travel & Leisure Australia 1.11 XERO Technology Australia 1.00 SYDNEY AIRPORT Industrial Goods & Services Australia 0.93 Brambles Ltd. Industrial Goods & Services Australia 0.91 Sonic Healthcare Ltd. Health Care Australia 0.90 ASX Ltd. Financial Services Australia 0.82 SCENTRE GROUP Real Estate Australia 0.80 Cochlear Ltd. Health Care Australia 0.74 QBE Insurance Group Ltd. Insurance Australia 0.73 SUNCORP GROUP LTD. Insurance Australia 0.71 South32 Australia Basic Resources Australia 0.71 Santos Ltd. Energy Australia 0.68 Ramsay Health Care Ltd. Health Care Australia 0.66 Insurance Australia Group Ltd. Insurance Australia 0.65 Mirvac Group Real Estate Australia 0.60 DEXUS Real Estate Australia 0.59 SEEK Ltd.
    [Show full text]
  • Annual Report 2015
    ANNUAL REPORT 2015 TREASURY WINE ESTATES ANNUAL REPORT 2015 TREASURY WINE ESTATES (TWE) IS ONE OF THE WORLD’S LARGEST WINE COMPANIES, LISTED ON THE AUSTRALIAN SECURITIES EXCHANGE (ASX). THE COMPANY HAS A RICH HERITAGE AND A PORTFOLIO OF SOME OF THE MOST RECOGNISED AND AWARDED WINE BRANDS IN THE WORLD. TWE IS FOCUSED ON PORTFOLIO PREMIUMISATION AND BRAND-LED MARKETING, WITH WORLD-CLASS PRODUCTION FACILITIES IN INTERNATIONALLY RECOGNISED WINE REGIONS. THE COMPANY SOURCES GRAPES FROM A MIX OF OWNED, LEASED AND THIRD-PARTY VINEYARDS. EMPLOYING APPROXIMATELY 3,000 WINEMAKERS, VITICULTURALISTS, SALES, MARKETING, DISTRIBUTION AND SUPPORT STAFF ACROSS THE GLOBE, TWE’S WINE IS SOLD IN MORE THAN 70 COUNTRIES AROUND THE WORLD. 1 / Our Locations 2 / Chairman and Chief Executive Offi cer’s Reports 6 / Operating and Financial Review 26 / Corporate Responsibility 30 / Diversity and Inclusion 32 / Board of Directors 34 / Corporate Governance 43 / Directors’ Report 46 / Auditor’s Independence Declaration 47 / Remuneration Report – Audited 76 / Consolidated Statement of Profi t or Loss and Other Comprehensive Income 77 / Consolidated Statement of Financial Position 78 / Consolidated Statement of Changes in Equity 79 / Consolidated Statement of Cash Flows 80 / Notes to the Consolidated Financial Statements 119 / Directors’ Declaration 120 / Independent Auditor’s Report 122 / Details of Shareholders, Shareholdings and Top 20 Shareholders 123 / Shareholder Information OUR LOCATIONS TWE AMERICAS TORONTO, ONTARIO TWE EMEA TWICKENHAM, UK TWE EMEA TUSCANY, ITALY
    [Show full text]
  • Melbourne City Investments Pty Ltd V. Treasury Wine Estates Limited
    5KIPGFD[#WUV.++ FEDERAL COURT OF AUSTRALIA Melbourne City Investments Pty Ltd v Treasury Wine Estates Limited [2017] FCAFC 98 Appeal from: Jones v Treasury Wine Estates Limited (No 2) [2017] FCA 296 File number: NSD 600 of 2017 Judge: JAGOT, YATES AND MURPHY JJ Date of judgment: 20 June 2017 Catchwords: PRACTICE AND PROCEDURE – representative proceedings under Part IVA of the Federal Court of Australia Act 1976 (Cth) – application by class member for leave to appeal interlocutory orders – power to make class closure order – exercise of discretion to make class closure order – whether opt out notice in representative proceeding was materially misleading – decisions not attended by sufficient doubt and substantial injustice would not result – leave to appeal refused Legislation: Federal Court of Australia Act 1976 (Cth) s 33A, s 33C, 33V, 33X, 33Y, 33ZC, s 33ZF Cases cited: Adam P Brown Male Fashions Pty Ltd v Phillip Morris Inc (1981) 148 CLR 170; [1981] HCA 39 Blairgowrie Trading Ltd v Allco Finance Group Limited (Receivers & Managers appointed) (In Liq) (No 3) [2017] FCA 330 Bufalo v Official Trustee in Bankruptcy [2011] FCAFC 111 Camping Warehouse Australia Pty Ltd (formerly Mountain Buggy Australia Pty Ltd) v Downer EDI Ltd [2015] VSC 122 Cement Australia Pty Ltd v ACCC (2010) 187 FCR 261; [2010] FCAFC 101 Décor Corp v Dart Industries Inc (1991) 33 FCR 397; [1991] FCA 844 Earglow Pty Ltd v Newcrest Mining Ltd [2016] FCA 1433 Farey v National Australia Bank [2014] FCA 1242 Fernando v Ruddock [2000] FCA 1151 Hogan v Australian Crime Commission (2010) 240 CLR 651; [2010] HCA 21 4GVTKGXGFHTQO#WUV.++QP5GRVGODGTCV 8GTKH[XGTUKQP 5KIPGFD[#WUV.++ House v R (1936) 55 CLR 499 HP Mercantile Pty Ltd v Plevey [2014] NSWCA 374 In re the Will of F.B.
    [Show full text]
  • Financial Services Guide and Independent Expert's Report In
    Financial Services Guide and Independent Expert’s Report in relation to the Proposed Demerger of Treasury Wine Estates Limited by Foster’s Group Limited Grant Samuel & Associates Pty Limited (ABN 28 050 036 372) 17 March 2011 GRANT SAMUEL & ASSOCIATES LEVEL 6 1 COLLINS STREET MELBOURNE VIC 3000 T: +61 3 9949 8800 / F: +61 3 99949 8838 www.grantsamuel.com.au Financial Services Guide Grant Samuel & Associates Pty Limited (“Grant Samuel”) holds Australian Financial Services Licence No. 240985 authorising it to provide financial product advice on securities and interests in managed investments schemes to wholesale and retail clients. The Corporations Act, 2001 requires Grant Samuel to provide this Financial Services Guide (“FSG”) in connection with its provision of an independent expert’s report (“Report”) which is included in a document (“Disclosure Document”) provided to members by the company or other entity (“Entity”) for which Grant Samuel prepares the Report. Grant Samuel does not accept instructions from retail clients. Grant Samuel provides no financial services directly to retail clients and receives no remuneration from retail clients for financial services. Grant Samuel does not provide any personal retail financial product advice to retail investors nor does it provide market-related advice to retail investors. When providing Reports, Grant Samuel’s client is the Entity to which it provides the Report. Grant Samuel receives its remuneration from the Entity. In respect of the Report in relation to the proposed demerger of Treasury Wine Estates Limited by Foster’s Group Limited (“Foster’s”) (“the Foster’s Report”), Grant Samuel will receive a fixed fee of $700,000 plus reimbursement of out-of-pocket expenses for the preparation of the Report (as stated in Section 8.3 of the Foster’s Report).
    [Show full text]
  • Antares June 2020 Dividend Builder Fund Quarterly Investment Update
    Quarterly Investment Update Antares Dividend Builder– June 2020 For adviser use only Highlights for the quarter Performance: The Fund’s twin objectives are to provide a yield above that of the S&P/ASX 200 All Industrials Total Return index, as well as moderate capital growth over the medium term. Yield: The annual income yield to 30 June 2020 was 4.38% versus the benchmark’s yield of 3.21%. Many companies have announced changes to their dividend payments due to the coronavirus pandemic. We emphasize the importance of not using past performance as a guide to future performance. However, it is our objective to deliver income in excess of our benchmark. During the June quarter, dividends were paid by Boral, Nine Entertainment, Treasury Wine Estates, Viva Energy, Amcor and Harvey Norman. Contributors to capital returns: Positive contributors – CSL (underweight), Boral, Viva Energy; Negative contributors – Metcash, Afterpay (not owned), Macquarie Group (not owned). Stock Activity: Buys- Boral, CocaCola Amatil, GPT, Iress, Metcash, NAB; Sells – Treasury Wine Estates, Bank of Queensland, Harvey Norman, Tabcorp, Star Entertainment, Spark Infrastructure, Sydney Airport, Nine Entertainment Stock activity: Buys/additions – ; Sells/reductions – Fund snapshot Inception date 6 September 2005 Benchmark S&P/ASX 200 Industrials Total Return Index Deliver higher levels of tax effective dividend income than Investment objective the S&P/ASX 200 Industrials Total Return Index, and moderate capital growth Investment returns as at 30 June 20201 Since Period 3 months 1 year 3 years pa 5 years pa 10 years pa inception pa Portfolio3,4 income - 4.38 5.05 4.80 4.45 4.13 yield % Benchmark5,6 inc yield % - 3.21 3.90 3.99 3.94 - Net return2 % 14.7 -15.7 -2.3 0.7 7.5 5.8 1 Past performance is not a reliable indicator of future performance.
    [Show full text]
  • Ishares, Inc. Form NPORT-P Filed 2021-07-28
    SECURITIES AND EXCHANGE COMMISSION FORM NPORT-P Filing Date: 2021-07-28 | Period of Report: 2021-05-31 SEC Accession No. 0001752724-21-159048 (HTML Version on secdatabase.com) FILER iShares, Inc. Mailing Address Business Address 400 HOWARD STREET 400 HOWARD STREET CIK:930667| IRS No.: 510396525 | State of Incorp.:MD | Fiscal Year End: 0831 SAN FRANCISCO CA 94105 SAN FRANCISCO CA 94105 Type: NPORT-P | Act: 40 | File No.: 811-09102 | Film No.: 211121097 (415) 670-2000 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Schedule of Investments (unaudited) iShares® MSCI Australia ETF May 31, 2021 (Percentages shown are based on Net Assets) Security Shares Value Common Stocks Airlines — 0.3% Qantas Airways Ltd.(a) 1,200,635 $ 4,368,723 Banks — 27.7% Australia & New Zealand Banking 3,697,259 82,040,367 Group Ltd. Commonwealth Bank of Australia 2,304,956 177,579,062 National Australia Bank Ltd. 4,284,056 89,166,315 Westpac Banking Corp. 4,769,043 97,505,719 446,291,463 Beverages — 0.5% Treasury Wine Estates Ltd. 940,242 8,449,387 Biotechnology — 8.2% CSL Ltd. 591,172 132,532,494 Capital Markets — 4.6% ASX Ltd. 251,265 14,780,736 Macquarie Group Ltd. 446,608 52,370,613 Magellan Financial Group Ltd. 179,548 6,632,782 73,784,131 Chemicals — 0.3% Orica Ltd. 531,436 5,561,138 Commercial Services & Supplies — 1.0% Brambles Ltd. 1,909,667 15,945,490 Construction Materials — 1.2% James Hardie Industries PLC 577,094 19,143,619 Diversified Telecommunication Services — 0.9% Telstra Corp.
    [Show full text]