Westpac Capital Notes 6 (WBCPI)

Nov 19, 2018 admin Australian economy, Fixed Income, Investment Opps, SMSF 0 Comment

Westpac has announced today that the Westpac Capital Notes 6 (WBCPI) bookbuild has been completed, with the margin set at 3.7% p.a.

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CommBank PERLS XI Capital Notes CBAPH

Nov 09, 2018 admin Australian economy, Fixed Income, Investment Opps, SMSF 0 Comment

CBA has announced today the updated offer of PERLS XI. CBA has allocated A$1.25 billion of PERLS XI on a firm basis under the Broker Firm Offer, and the Margin has been set at 3.70% per annum.

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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%).

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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.

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How low can the Aussie go?

Sep 10, 2018 admin Australian economy, Global economy, news 0 Comment

The Australian dollar fell below 71c on Friday, a level not seen since 2016 when oil fell to around $30p/b. This time around, oil is healthy and trading at well over twice that price. So what has triggered the weaker Aussie?

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