ANZ leads charge as ASX closes in on five-year high
The Australian sharemarket surged to near five-year highs, as the banks drove the index higher and the major resources companies made gains.
Global sharemarket gains boost $A
Positive global sentiment helped lift the Australian dollar on Tuesday, overcoming more evidence of a weak domestic economy. The Aussie rose to $US1.037 as global markets bought the euro and Asian sharemarkets rallied.
Central banks, retailers good news for gold
Western Australia’s Perth mint was forced to keep its doors open over the weekend to keep up with a surge in demand for bullion, which is now at its highest level in five years.
Woodside backs Shell’s FLNG for Browse
Woodside Petroleum has struck an agreement with oil major Shell that appears to put the floating liquefied natural gas process at the top of its list of development options for the Browse gas project.
Tox Free’s Wanless buy looks impressive
While Tox’s price-earnings ratio represents a premium to the industry group average, the company’s growth profile supports its current multiple and, given that earnings per share estimates will be upgraded in 2013-14, these metrics may even trigger further share price momentum.
One step closer to Miclyn solution: Morgan Stanley
The likelihood of a resolution of Miclyn Express Offshore’s corporate structure has increased with major shareholders now holding a combined 75.2 per cent.
Latest dividend announcements
| GPT | 1:00:43 PM | Correction to Ex Date for March Quarter Distribution |
| GPT | 12:12:39 PM |
March Quarter Distribution
|
| AAA | 9:22:11 AM |
Estimated Distribution Announcement
|
| ANZ | 7:53:29 AM | ANZ Media Release - 2013 Half Year Result |
| IMO | 29/04/13 | IMS 2005-2L Bond Factor 29 Apr 2013 |
| LBL | 26/04/13 | Interim Dividend Payment Details / Appendix 3B |
| WOW | 26/04/13 | Woolworths Limited - Interim Dividend 2013 |
| AAA | 26/04/13 | Distribution Timetable |
| LRG | 26/04/13 |
Announcement of Fully Franked Dividend
|
| AUF | 23/04/13 |
Dividend Announcement
|
Taking Stock
Analysts bullish on Goodman Group
Shares of diversified property Goodman Group yesterday performed strongly amid growing investor optimism that its multiple earnings streams and strong core markets will continue to deliver growth.
Saga sounds fine for Echo
Echo Entertainment Group has lagged casino rival Crown in the past year, but as long as its saga with Crown continues, some analysts believe Echo’s share price will be buoyant.
Broker Watch
PanAust (PNA)
Commonwealth Bank has kept its ‘neutral’ rating on PanAust, saying the miner had high returns on invested capital and a progressive development pipeline.
Suncorp (SUN)
Morgan Stanley has rated Suncorp “equal weight” after the bank and insurer’s third-quarter update was positive given non-core bank losses were in line with expectations and there were no newly impaired assets.
Columnists
IMF sounds warning on Asia risks
Asia is at risk of seeing asset price bubbles as a result of massive capital inflows, the International Monetary Fund has warned.
BHP, Rio could generate yields >8pc by copying Woodside: CIMB
Market watchers are still poring over the implications of Woodside Petroleum’s announcement of a special dividend and an increase to its payout ratio.
