Shares lower despite ending week on a high
Shares finished the week lower despite rebounding strongly on Thursday and Friday after some better than expected local economic data and interim company results that cheered investors.
Strong week for the dollar as RBA changes tack
The Australian dollar is set to post its best weekly performance since mid-October, after the Reserve Bank moved away from its call for a weaker exchange rate and as uncertainty continued over emerging markets and US economic growth.
Dairy bucks falls in global food prices
Dairy prices have bucked broad falls in global food prices as demand from south-east Asia continues to rise, but the benefit to Australian and New Zealand producers will be limited.
Aurora shares soar 55pc on Baytex takeover
Updated | Shares of Texas-focused shale player Aurora Oil & Gas jumped as much as 55 per cent on Friday after it was snapped up in a $1.84 billion cash takeover deal by Canadian oil producer Baytex Energy Corporation.
Merrill sizes up Arrow and APLNG ties
As Arrow’s plans to build a fourth LNG export project at Gladstone appear more unlikely by the day, Bank of America Merrill Lynch analysts have run the number on an APLNG/Arrow tie-up which could help both parties.
Latest dividend announcements
| KDL | 9:15:31 AM |
Restart of mining at E9 west pit and interim dividend
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| IMG | 07/02/14 | IMS 2002-1G Bond Factor 7 Feb 2014 |
| CHU | 07/02/14 | IMS 2007-2L Bond Factor 7 Feb 2014 |
| AKG | 07/02/14 |
Half Yearly Report and Accounts
|
| INN | 07/02/14 | IMS 2006-3L Bond Factor 7 Feb 2014 |
| INH | 07/02/14 | IMS 2006-4H Bond Factor 7 Feb 2014 |
| ALZ | 07/02/14 | Components of Final Distribution for Year Ending 31/12/13 |
| CBA | 07/02/14 | Revised 2014 Financial Calendar / AGM |
| LMW | 06/02/14 |
Half Yearly Report and Accounts
|
| FXL | 06/02/14 | FY14 Interim Dividend Announcement |
Latest letters to shareholders
| CLR | 07/02/14 |
Compulsory Acquisition
|
| SUH | 07/02/14 | Letter to Optionholders |
| PXU | 06/02/14 | PaperlinX SPS Trust - Market Update |
| FOX | 06/02/14 | SEC Form DEF14A |
| NST | 05/02/14 | Share Purchase Plan |
| OGY | 05/02/14 | Unmarketable Parcel Share Buy-Back |
| EMX | 04/02/14 | Letter to Unmarketable Parcel Shareholders |
| ALF | 04/02/14 | Quarterly Report |
| FNP | 04/02/14 | FNP Notice to Option Holders |
| PWN | 04/02/14 | Letter to Shareholders and Presentation |
Taking Stock
National Storage REIT gains in fragmented market
The $277 million National Storage REIT has been going from strength to strength since it listed on the stock exchange just before Christmas last year.
BlueScope buoyed by dollar, housing
The fall in the Australian dollar and resurgent residential housing construction are fuelling expectations of an earnings rebound for steelmaker BlueScope Steel.
Broker Watch
Virgin Australia (VAH)
CIMB has reiterated its ‘reduce’ call on Virgin Australia and has a $0.27 a share price target on the stock.
Echo Entertainment (EGP)
Deutsche Bank upgraded Echo Entertainment from “hold” to “buy” with the stock trading at a 27 per cent discount to its valuation of $3.00 a share and at 15.2x FY15E earnings.
Columnists
Tide may be turning for small caps
Philip Baker | Over the past three years small cap companies have vastly underperformed the broader equities market, but several indicators point to a better year.
Experts say keep your cool amid this volatility
Challenging times are ahead for emerging markets, analysts say, but the developed world is unlikely to be dragged down with them.
