Global Market Review October

Nov 04, 2018 admin Australian economy, Equity, Fixed Income, news 0 Comment

  • October proved a dark cloud for equity markets. In Australia stocks fell as much as 9% during the month to recover somewhat, but still finish 6% lower. This was a similar return for US equities, but Asian markets underperformed with the Japanese bourse falling 9%, and the Shanghai Composite closing 7.7% lower.
  • For Australian stocks, there were some clear winners and losers in the month. The winners were gold related given the market volatility… & the losers had their own unique issues (AMP -22%, Kogan -50%, & Corporate Travel Management -34%).

Read More

BHP Buyback 2018

Nov 01, 2018 admin Equity, Investment Opps, SMSF 0 Comment

BHP has announced a US$10.4 billion Shareholder Return Program, returning the net proceeds from the sale of its Onshore US assets to shareholders.
This return of capital will bring the total announced cash returns to shareholders over the past two years to US$21 billion. The capital return is done via

Read More

WorleyParsons (WOR) Entitlement Offer

Oct 24, 2018 admin Australian economy, Equity, Investment Opps, SMSF 0 Comment

WorleyParsons Limited has completed the institutional component of its 1 for 1.47 accelerated non-renounceable pro-rata entitlement offer announced on Monday, 22 October 2018. The Entitlement Offer is being undertaken to part fund the acquisition of Jacobs Engineering Group Inc.’s Energy, Chemicals and Resources division.

Read More

Global Markets Review September

Oct 05, 2018 admin Alternative Assets, Equity, Fixed Income, Global economy, news 0 Comment

  • The S&P500 hit record highs despite President Trump announcing further tariffs. This time around he added 10% to an additional $200b of Chinese imports, which are to rachet up on Januray 1st 2019 to 25%.
  • China responded to the latest round of tariffs by announcing 5-10% tariff increases on $60b of US imports.
  • The US Federal Reserve lifted interest rates (as expected) by 25bps to 2.25%.
  • The ASX200 lagged offshore markets by finishing the month 1.3% lower. The Royal Commission into Banking released an interim report, and Energy & Mining stocks rallied on stronger commodity prices.

Read More

RIO Tinto Off-market buyback

Sep 21, 2018 admin Equity, Investment Opps 0 Comment

RIO has announced it will strengthen its portfolio by divesting non-core assets, including Australian coal assets for $4.2b US. Part of these proceeds will be returned through the launch of an off-market buy-back tender targeting up to 41.2 million Rio Tinto Limited shares (approximately A$2.7 billion1 (US$1.9 billion2)) with the balance of proceeds being allocated to further on-market purchases of Rio Tinto plc shares. 

Read More

Stay on top of the latest market news and investment deals.