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ozeb
Posted on: Sep 20 2008, 10:22 PM


Group: Member
Posts: 221

In reply to: bunyip2 on Friday 19/09/08 07:08pm

Probably the safest place to keep your money at the moment!
  Forum: Off Topic Chat

ozeb
Posted on: May 11 2008, 07:38 AM


Group: Member
Posts: 221

In reply to: macduffy on Sunday 11/05/08 06:31am

Yes, I still hold. The market views IT spend as somewhat discretionary and therefore under threat from any economic downturn. I'm not sure I totally agree.
  Forum: By Share Code

ozeb
Posted on: Feb 29 2008, 02:10 PM


Group: Member
Posts: 221

Anyone seen this before? The Dillon Gun
http://www.news.com.au/adelaidenow/story/0...5006301,00.html
  Forum: By Share Code

ozeb
Posted on: Feb 27 2008, 12:46 PM


Group: Member
Posts: 221

In reply to: K-oss on Wednesday 27/02/08 12:13pm

Congratulations K-oss. Quite clearly, your UserID doesn't stand for Keep Out of ShareScene.
  Forum: Off Topic Chat

ozeb
Posted on: Feb 20 2008, 07:54 AM


Group: Member
Posts: 221

I'm wondering when this competition is going to end and a winner announced. Contributions have dried up. No point in letting it run on any more.
  Forum: Off Topic Chat

ozeb
Posted on: Feb 7 2008, 05:51 AM


Group: Member
Posts: 221

In reply to: ozeb on Wednesday 06/02/08 05:11pm
  Forum: By Share Code

ozeb
Posted on: Feb 6 2008, 05:41 PM


Group: Member
Posts: 221

In reply to: Lizard on Wednesday 06/02/08 03:42pm

Not likely for a while Lizard. See my last post.
http://www.theaustralian.news.com.au/story...05-2702,00.html
  Forum: By Share Code

ozeb
Posted on: Feb 6 2008, 11:25 AM


Group: Member
Posts: 221

In reply to: redantz on Wednesday 06/02/08 10:35am

Not unusual for this stock. Low volume and maybe one investor panicking on a poor day. Not a highly traded stock.
  Forum: By Share Code

ozeb
Posted on: Feb 5 2008, 05:53 AM


Group: Member
Posts: 221

In reply to: HAL on Tuesday 05/02/08 12:04am

A rouge trader? The mind boggles!
No doubt he'll make his pile with a candid autobiography, film rights etc.
  Forum: Investment Discussion

ozeb
Posted on: Feb 3 2008, 12:11 PM


Group: Member
Posts: 221

Here is a variation on my original submission that is not stock specific and thereby doesn't cause angst to AFG holders!

There once was a trader from Cheam,
Who had a prophetical dream.
So he put all his dough
On a stock "sure to grow".
If only he'd heard of ShareScene.
  Forum: Off Topic Chat

ozeb
Posted on: Feb 1 2008, 08:42 PM


Group: Member
Posts: 221

In reply to: wolverine on Friday 01/02/08 07:40pm

I suspect that the new super scheme has been very well modeled by the Dept. of Finance to produce the optimum outcome, as far as is known, so that future retirees are a minimal burden on our taxes. Such a model would be so complex that no government, labour or liberal, would have any hope of understanding it or significantly altering it. It's just too complex for their minds to tackle.
I did ask our local labour candidate before the last election whether labour had any plans to remove the 50% discount on capital gains tax for assets held for more than a year. He went away and asked either the Shadow Treasurer or Shadow Finance Minister and he told me that they had no plans to change it. You can't just change things like that without considering the consequences and that is a bit hard for elected, non-expert, pollies to grasp.
The Treasurer of the day likes to think he is in charge but I reckon it's the bureaucrats that have the most influence on policy. Remember Yes Minister?
  Forum: Investment Discussion

ozeb
Posted on: Feb 1 2008, 03:45 PM


Group: Member
Posts: 221

In reply to: mosaic1996 on Friday 01/02/08 03:05pm

Yes she was/is very useful.
Also, try the forum associated with the program My SF Manager here:-
http://www.mysf.com.au/Default.aspx
Lots of good stuff there especially the details.
(The program itself is $660 and would suit some people.)
  Forum: Investment Discussion

ozeb
Posted on: Feb 1 2008, 12:15 PM


Group: Member
Posts: 221

In reply to: mosaic1996 on Friday 01/02/08 11:28am

I bought the Smith and Kokum book in the middle of last year and found it disappointing. It didn't answer many of the questions I had at all. It covers the latest legislation though as it was first published last year. OK as a primer but it isn't complete enough for me.
  Forum: Investment Discussion

ozeb
Posted on: Jan 31 2008, 03:02 PM


Group: Member
Posts: 221

In reply to: focus on Thursday 31/01/08 01:37pm

There once was a trader from Cheam,
Who had a prophetical dream.
So he put all his dough
On a stock called Allco.
If only he'd heard of ShareScene.
  Forum: Off Topic Chat

ozeb
Posted on: Jan 29 2008, 01:02 PM


Group: Member
Posts: 221

In reply to: colaiscute on Tuesday 29/01/08 11:56am

I may have seen Cher but Sharescene is better.
Corny eh?
  Forum: Off Topic Chat

ozeb
Posted on: Jan 28 2008, 04:46 PM


Group: Member
Posts: 221

In reply to: BJtrader on Friday 25/01/08 07:42am

I suggest you look at Travis Morien's investment FAQ:-
http://www.travismorien.com/FAQ/main.htm
Go to Ripoffs/Why you shouldn't buy expensive courses.
Also, Google each one before you indulge and check out the credentials.

  Forum: Investment Discussion

ozeb
Posted on: Jan 28 2008, 04:02 PM


Group: Member
Posts: 221

In reply to: PaulB on Monday 28/01/08 03:24pm

Jimmy Edwards came out in 1970 and found TV work more difficult to come by.
I recommend "A Kentish Lad" by Frank Muir if you want to know more about him as Muir and Norden wrote many of his scripts ("Take It From Here", for example). A good read.
  Forum: Off Topic Chat

ozeb
Posted on: Jan 26 2008, 10:06 AM


Group: Member
Posts: 221

In reply to: balance on Saturday 26/01/08 09:25am

There were at least 2 versions of The Plank. Most actors didn't appear in each one. Norman Wisdom wasn't in either if my memory (and Wikipedia) is correct.
  Forum: Off Topic Chat

ozeb
Posted on: Jan 25 2008, 04:44 PM


Group: Member
Posts: 221

In reply to: Mission X on Friday 25/01/08 03:20pm

This was, I believe, an original construct of Gerard Hoffnung delivered at the Oxord Union debate many, many years ago. See:-
http://monologues.co.uk/004/Bricklayers_Story.htm
There is a recording of the occasion. Hilarious indeed.
  Forum: Off Topic Chat

ozeb
Posted on: Jan 19 2008, 10:23 AM


Group: Member
Posts: 221

This piece in the W/E Australian was interesting:-
http://www.theaustralian.news.com.au/story...05-2702,00.html
Note that investment in water projects is soaring. A good time to get in.

I noticed from a previous Co. Announcement that they had a contract for the Adelaide Showgrounds. I saw in the local rag that the Showgrounds were intent on installing a huge water tank and I emailed EVZ that this was an opportunity for them. I didn't get a response but I wondered if they knew about it at the time. If not, then maybe I should get a spotter's fee! Just a thought.
  Forum: By Share Code

ozeb
Posted on: Jan 19 2008, 10:16 AM


Group: Member
Posts: 221

This piece in the W/E Australian was interesting:-
http://www.theaustralian.news.com.au/story...05-2702,00.html
Note that there is a large number of construction projects about to start or just started. STS will surely benefit and now is the time to buy now that the SP has taken a battering. LEI also.
  Forum: By Share Code

ozeb
Posted on: Dec 13 2007, 09:35 PM


Group: Member
Posts: 221

I've just discovered the Penguin Cafe Orchestra. Nothing else like it. See:-
http://www.youtube.com/watch?v=yJg1NNyke2E
and
http://www.youtube.com/watch?v=ICwTFT6js5s
  Forum: Off Topic Chat

ozeb
Posted on: Dec 12 2007, 08:52 PM


Group: Member
Posts: 221

Time to resurrect this timeless classic. It's so bad that it's funny.
http://www.fredmckinnon.com/media/OHolyNight.mp3
How do you think he'd go on Australian Idol?
  Forum: Off Topic Chat

ozeb
Posted on: Dec 11 2007, 12:28 PM


Group: Member
Posts: 221

In reply to: wolverine on Tuesday 11/12/07 11:52am

Just remind Mrs Wolverine how much her car parts really cost you! Tell her it's pay-back time!
  Forum: By Share Code

ozeb
Posted on: Dec 4 2007, 08:55 PM


Group: Member
Posts: 221

In reply to: wolverine on Tuesday 04/12/07 07:53pm

Sorry Wolverine but my eyes started to glaze over after the first 5 lines or so. I'm more into 1-liners at my age.
I've just come into the computer room after watching "Grumpy Old Men" on the ABC and finding myself saying "Yeah, yeah!" all the time and reflecting on the ordinariness of life. I reckon I could add a few lines to the programme's script myself.
I'm now off to read the next few lines of "War and Peace". That should send me off to sleep pretty quickly, unless the wife's snoring gets in the way.
Cheers.
  Forum: Off Topic Chat

ozeb
Posted on: Dec 4 2007, 03:17 PM


Group: Member
Posts: 221

In reply to: wolverine on Tuesday 04/12/07 02:40pm

This should make it readable and less frustrating!
Here Comes Da Judge
Mother Nature is a hanging judge. How about the U.S. Federal courts? Mr. C.A. Boyko recently fired a shot that was heard 'round the world. At least 'round the world of structured finance. Or, at least, 'round the world of Deutsche Bank, who got a bullet in the head. Poor Deutsche Bank is the victim of its own avarice...its own stupidity...and the cycles of nature. Nothing to be ashamed of. In war, even the best soldiers get their brains blown out. In finance, they blow them out themselves. Before pulling the trigger, the judge was curious...a curiosity shared by millions, no doubt. He wanted to crack open a sophisticated derivative product - a mortgage backed security - and find out what was in it. In the event, he discovered that something was missing; structured finance was not structured quite as well as it pretended to be. Here unfolding is the story of a credit contraction. Its protagonist is neither a financier nor an economist. He is a U.S. federal judge. And at issue in his courtroom was whether Deutsche Bank National Trust Company could repossess 14 houses in the Cleveland area. The first part of courtroom proceedings always begins with a 'whereas': Whereas the homeowners were living in houses with mortgages, said the lawyers. And whereas said homeowners hadn't made their payments. And whereas Deutsche Bank was the de facto mortgage holder, the pleadings went on...said bank wished to foreclose on the 14 properties. Here, we add some whereases of our own. Whereas there is about $6.5 trillion worth of securitized mortgage debt in the United States alone. And whereas the value of the collateral - the houses themselves - is going down. And whereas the hotshots who securitized this debt operated so fast and loose they might have been undertakers in a plague year. And whereas standards of creditworthiness...and details of the mortgages themselves...were permitted to slip. And whereas the whole idea was to earn high fees for loading people down with debt, while pushing the risk of loss onto the naïve, the slow-witted and the unborn. And whereas the losses are now expected to tote to somewhere between $150 billion and $400 billion...and as much as $2 trillion, according to Goldman Sachs, in lost credit... And whereas every half-wit knew there would be hell to pay when the cred! it cycle turned down... ...this case might be a bigger deal than people realized. For his part, Judge Boyko showed little interest in the macro-economic whereases. What he wanted to know was: Where are the mortgage documents? It may be true that these people owe you money, he suggested, but we don't take a man's house away from him without a valid mortgage contract. Not in the sovereign state of Ohio anyway. Deutsche Bank's legal team looked at each other. Then, they looked in their briefcases. The lawyers had plenty of documents, including some clearly showing an "intent to convey the rights in the mortgages." But as for the mortgages themselves, they had none. Again, Deutsche Bank is hardly exceptional. When a law professor studied foreclosure proceedings recently, she found that in 40% of cases, the creditors either did not or could not produce the vital documents, giving them the right to retake the houses. Apparently, the financial intermediaries who had bundled these 14 mortgages together with thousands of others to create the Structured Investment Vehicle (SIV) bought by Deutsche Bank had neglected to bundle in the actual mortgage documents. Searching high and searching low, they could not be located. A year ago, it scarcely would have mattered. For the first six years of this century, credit was expanding. The mortgage companies earned fees by lending money to people who couldn't pay it back. Then, the lenders shrewdly sold the mortgages on to Wall Street firms who bundled them up and turned them into tradable securities, backed by complex mathematical models that showed what they were supposed to be worth. These were then rated by companies such as Fitch and Moodys - again for fees - and sold on to people who didn't know what was in them, generating more rich bonuses for the financiers. That was the beauty of securitized debt; the money was made in the middle, while the trouble was pushed out to both ends. Despite what the mathematicians said, the borrower would surely come up short sooner or later. So would the lender. The intermediaries would come out! ahead. In effect, the stick was short on both ends, but long in the middle. In this case, one of the short ends was held by Deutsche Bank, who had bought the SIV and expected to enjoy the usufructs of said mortgages, such as they were. That is when Judge Boyko broke the spell: "The institutions seem to adopt the attitude that since they have been doing this for so long, unchallenged, this practice equates with legal compliance. Finally put to the test, their weak legal arguments compel the court to stop them at the gate." Of course, that's what corrections are for - to put the pretentious innovations of the bull market to the test. Trillions of dollars worth of SIVs were laid off onto investors, based on dubious math, dizzy promises and dopey logic. Now, they're being put on trial - in courtrooms and in markets. Some will get the gallows. Many more probably deserve it.
  Forum: Off Topic Chat

ozeb
Posted on: Dec 3 2007, 09:09 PM


Group: Member
Posts: 221

In reply to: Dhuy on Sunday 02/12/07 02:42pm

Very high risk. Not for me!
  Forum: Investment Discussion

ozeb
Posted on: Dec 3 2007, 09:02 PM


Group: Member
Posts: 221

In reply to: mark100 on Saturday 24/11/07 10:56pm

There was a write-up today in one well known investment newsletter.
Not recommended even at today's price.
  Forum: By Share Code

ozeb
Posted on: Nov 16 2007, 10:18 PM


Group: Member
Posts: 221

Can't seem to get this sample out of my head. Superb soaring sound. Anyone else like it?

http://www.belairmusic.com/2028.mp3
  Forum: Off Topic Chat

ozeb
Posted on: Oct 26 2007, 08:57 PM


Group: Member
Posts: 221

In reply to: geoq on Friday 26/10/07 04:43pm

True! Lt Col John Pine-Coffin died not long ago. See his obit here:-
http://www.telegraph.co.uk/news/main.jhtml...0/19/db1904.xml
  Forum: Off Topic Chat

ozeb
Posted on: Oct 25 2007, 09:56 AM


Group: Member
Posts: 221

In reply to: strayda on Thursday 25/10/07 12:27am

Tell him to Google Optionetics thoroughly. I wouldn't touch them with a bargepole. I might go along to a free "Seminar" if they were shouting free coffee and Tim Tams just for the larf.
  Forum: Investment Discussion

ozeb
Posted on: Oct 25 2007, 08:27 AM


Group: Member
Posts: 221

In reply to: jfgao on Thursday 18/10/07 05:05pm

It's a bit like synchronized swimming without the water.

The things men will do for a bit of crumpet!
  Forum: Off Topic Chat

ozeb
Posted on: Oct 11 2007, 09:12 PM


Group: Member
Posts: 221

In reply to: wolverine on Thursday 11/10/07 08:38pm

This might explain its drop today.
  Forum: By Share Code

ozeb
Posted on: Oct 7 2007, 07:41 PM


Group: Member
Posts: 221

I note that Etrade have been pushing this stock recently. Does anyone have any views of their strategy? I'm not an expert in this area of trading and would appreciate people's experiences.
  Forum: By Share Code

ozeb
Posted on: Oct 1 2007, 02:46 PM


Group: Member
Posts: 221

In reply to: schwenki on Monday 01/10/07 02:05pm

Go to:-
http://www.float.com.au/scgi-bin/prod/dl.cgi
and select the data from there. If you want announcements too just go to the ASX site.
  Forum: Investment Discussion

ozeb
Posted on: Sep 28 2007, 08:29 AM


Group: Member
Posts: 221

In reply to: Wossname on Wednesday 26/09/07 07:50am

Sounds like it must come from the pen of Stanley Unwin. If you've never heard of him then go to Wikipedia. A genuine 1-off. His gravestone reads:-
"Reunitey in the heavenly-bode - Deep Joy"
  Forum: Off Topic Chat

ozeb
Posted on: Sep 11 2007, 09:06 PM


Group: Member
Posts: 221

A man wakes up in hospital, bandaged from
head to foot.

The doctor comes in and says 'Ah, I see
you've regained consciousness.
Now you probably won't remember, but you were
in a pile-up on the motorway.'
'You're going to be OK, you'll walk again,
everything, but something
happened. I'm trying to break this gently
but your penis was chopped off in
the wreck and we were unable to find it.'

Now the bloke groans a bit but the doctor
goes on, 'You've got £9,000
compensation coming to you and we have the
technology now to build you a
new penis that will work as well as your old
one did, better in fact. But
the thing is, it doesn't come cheap. It's a
thousand pounds an inch.'

The bloke perks up at this.

'So the thing is' the doctor says, 'it's for
you to decide how many
inches you want. But it's something you'd
better discuss with your wife. I
mean, if you had a five inch one before and
you decide to go for a nine incher
she might be a bit put out. But if you had a
nine inch one before and you
decide only to invest in a five incher this
time she might be disappointed.
So it's important that she plays a role in
helping you make the decision.'

So the bloke agrees to talk with his wife and
the doctor comes back the
next day.

'So' says the doctor 'Have you spoken with
your wife?'

'I have.' says the fellow.

'And has she helped you in making the
decision?'

'She has' says the bloke.

'And what is it?' asks the
doctor.............

(scroll down a bit)




'We're having a new kitchen.'












_____
  Forum: Off Topic Chat

ozeb
Posted on: Sep 5 2007, 03:43 PM


Group: Member
Posts: 221

In reply to: Metala on Wednesday 05/09/07 03:05pm

Indeed yes. I remember a chum who, upon getting married, chuckled with anticipation at all the impending FREE pleasures of the flesh. I reckon only now is he adding up the cost. Cheaper to stay single and pay for it.
  Forum: Off Topic Chat

ozeb
Posted on: Sep 5 2007, 01:06 PM


Group: Member
Posts: 221

In reply to: Metala on Wednesday 05/09/07 12:25pm

I hope that "little something from the wife" was after trading finished for the day. You don't want to waste precious time off the trading floor!
  Forum: Off Topic Chat

ozeb
Posted on: Sep 5 2007, 07:36 AM


Group: Member
Posts: 221

In reply to: Varmi on Wednesday 05/09/07 12:45am

I'd give him a Child Sponsorship form from World Vision and I'd also dangle a Salvation Army collection tin under his nose.
  Forum: Off Topic Chat

ozeb
Posted on: Sep 4 2007, 06:01 PM


Group: Member
Posts: 221

In reply to: balance on Monday 03/09/07 03:47pm

That's probably why they didn't have the APEC meeting in Dubbo. Or West Wyalong.
  Forum: Off Topic Chat

ozeb
Posted on: Aug 31 2007, 11:08 AM


Group: Member
Posts: 221

In reply to: ozeb on Thursday 30/08/07 01:15pm

On the other hand, OKN is in a poor financial state having borrowed in order to acquire. It seems that the level of gearing is sufficient to cause concern. That might explain its relatively poor sp performance cf SMX.
  Forum: By Share Code

ozeb
Posted on: Aug 30 2007, 01:45 PM


Group: Member
Posts: 221

In reply to: wolverine on Thursday 30/08/07 11:39am

Buy OKN straight away then. Shaw reckons OKN has a better future than SMX. They may be right! So much for CitiSB and their words of wisdom!
Mind you, I expect a retreat at some time in the SMX sp.
  Forum: By Share Code

ozeb
Posted on: Aug 30 2007, 10:10 AM


Group: Member
Posts: 221

In reply to: wolverine on Thursday 30/08/07 09:37am

Don't worry Wolverine. I'm sure you re-invested your money in an even better investment. Like a bunch of flowers for the wife.
  Forum: By Share Code

ozeb
Posted on: Aug 29 2007, 03:11 PM


Group: Member
Posts: 221

In reply to: wolverine on Wednesday 29/08/07 01:10pm

May I ask, Wolverine, whether you were influenced by the CitiSB report or did you come to your own conclusion?
I'm wary of brokers and their reports, BTW.
  Forum: By Share Code

ozeb
Posted on: Aug 29 2007, 07:44 AM


Group: Member
Posts: 221

In reply to: wolverine on Tuesday 28/08/07 07:12pm

Well what do you make of that Wolverine? The PE at the current SP is an undemanding 22.5 and the PEG is 0.45. As the guy says, SMX continues to surprise so it may yet again. I have been thinking of taking a little profit but I don't think today will be the time to do it.
  Forum: By Share Code

ozeb
Posted on: Aug 28 2007, 03:36 PM


Group: Member
Posts: 221

In reply to: bam_bamm on Tuesday 28/08/07 02:39pm

Yes. Make a concessional contribution to your super fund equivalent to your CG. One cancels the other although your super fund must pay 15% tax on that contribution. See your accountant for advice.
  Forum: Investment Discussion

ozeb
Posted on: Aug 27 2007, 01:10 PM


Group: Member
Posts: 221

In reply to: wolverine on Monday 27/08/07 12:37pm

It looks very good indeed. There has been a run-up in the SP in anticipation. I'm surprised that OKN hasn't had a similar run-up and I understand that they report tomorrow. Maybe their results won't be as good.
  Forum: By Share Code

ozeb
Posted on: Aug 20 2007, 03:17 PM


Group: Member
Posts: 221

The Directors of Envirozel Limited (ASX: EVZ) are pleased to announce that the company has achieved an after tax profit in 2006-07 of $5,959,653.
Executive Chairman Gordon McKern stated:
“The company recorded a pre tax profit of $5,500,472 which was in excess of the previously announced forecast pre tax profit range of $4.9 to $5.2 million,.
The after tax profit is well ahead of the company’s maiden profit of $1,548,910 announced for the 2005-06 financial year and includes the recognition of previously unrecorded benefits relating to carry forward tax losses. In addition the profit includes an amount of $237,600 from the sale of assets.
Revenue from ordinary activities has also risen by 249% from the previous year to $48,362,408 and earnings per share has doubled to 3.56 cents per share”
The result was achieved by an excellent profit from a full year of ownership, from Brockman Engineering, a continued strong performance from the Syfon Systems business and an outstanding six months contribution from Danum Engineering (acquired on 1st January 2007). National Engineering which was acquired on 1st June 2007 had a minimal impact on the 2006-07 profit.
Mr McKern further stated:
“The company continues to maintain a strong balance sheet with group assets increasing to $46.6 million.
The company maintains moderate gearing and is well positioned for continued expansion.”
Finally, Mr. McKern commented on the following initiatives completed or currently being addressed by the company:
”The company has introduced an employee share plan to reward the efforts and incentivise our staff of over 500, the majority of whom are highly skilled tradesmen.
The company anticipates announcing in due course a fully franked maiden dividend which will be payable prior to the end of the current calendar year. Prior to this shareholder approval will be sought for the introduction of a dividend reinvestment plan.
To ensure shareholders can participate in this exciting period in the company’s growth, the company is considering offering existing shareholders a means of increasing their stake in the company, either through a share purchase plan or a rights issue”.
-----------------------------------------------------------------------------------------------
I note that each employee contributes $11k to pre-tax profits, assuming 500 employees. That seems a trifle low to me.
  Forum: By Share Code

ozeb
Posted on: Aug 20 2007, 08:31 AM


Group: Member
Posts: 221

Allco fund full of dud debts

ALLCO Finance Group's mortgage business Mobius Financial Services is at the forefront of poor credit lending problems in Australia, with Allco topping up losses from one of its securitised loan funds.

One of Mobius's mortgage-backed securities has the worst industry statistics for overdue repayments, with more than 10 per cent of its loans regarded as technically in default. In a move not reported in Allco's half-year report, Allco tipped in $4 million to prop up returns to investors from the fund because of losses for the quarter to December 31.

Allco has been keen to distance itself from widespread US sub-prime lending problems in which defaults among US home owners have sent shock-waves through international financial markets.

Allco has issued two statements to the exchange this month mentioning Mobius and reassuring investors it was not involved in US sub-prime problems. Indeed, problems of poor credit lending in Australia appear nowhere near as bad as those experienced in the US.

But Mobius's 2005 loan fund, NCM 03, with a loan balance of $307 million in April, has the unfortunate distinction of under-performing all other rated mortgage-backed securities in the Australian market in terms of loans with payments overdue.

And the problem is directly related to poor-quality lending.

On August 6 the ratings agency Standard & Poor's put two tranches of the fund on negative credit watch, saying that 21 per cent of loans were 30 days past due repayment dates and 16 per cent of loans were 90 days past due repayment dates. Standard & Poor's assumes this last category have defaulted on their loans.

The founder of Allco Finance, David Coe, with a personal fortune estimated at $380 million by BRW, is on the Mobius board.
  Forum: By Share Code

ozeb
Posted on: Jul 24 2007, 10:40 PM


Group: Member
Posts: 221

Bobby Mcferrin is amazing here:-
http://www.youtube.com/watch?v=x-INbPf8U5k
  Forum: Off Topic Chat

ozeb
Posted on: Jul 24 2007, 10:14 PM


Group: Member
Posts: 221

Be moved by:-
http://www.youtube.com/watch?v=8mIfatdNqBA

Followed by:-
http://www.youtube.com/watch?v=0Su-pTiTuBM
Evening Song
  Forum: Off Topic Chat

ozeb
Posted on: Jul 24 2007, 09:31 AM


Group: Member
Posts: 221


Acquisition of TSF Engineering
Envirozel Limited (ASX: EVZ) is pleased to announce it has entered into negotiations under a non
binding offer to acquire the business of TSF Engineering.
TSF Engineering is a Sydney based operation which specialises in the design and installation of
power generation equipment, communications equipment and marine installations. TSF operates
throughout Australia, Asia and the Pacific region.
Established in 1966, TSF Engineering has a proven history of profitability and has completed
significant contracts for an impressive client list including:
 St George Bank
 Westpac Bank
 Investa
 IBM
 Tabcorp
 Tenix
 Global Switch
 New Children’s Hospital, Westmead
 Australian Department of Defence
 Royal Brisbane Hospital
 Northern Territory Electricity Commission
The acquisition is subject to:
 The satisfactory completion of a comprehensive Due Diligence process.
 Execution of a purchase agreement for the business.
 Envirozel Limited shareholders approval (if deemed necessary).
Envirozel Limited Chairman, Mr Gordon McKern stated;
“The proposed acquisition of the business of TSF Engineering follows on from our recent successful
acquisition of the National Engineering business. The TSF Engineering acquisition would increase
the Envirozel Group’s annualised turnover to in excess of $100 million. In addition, Envirozel will
pursue synergies between the operating businesses and anticipates significant organic growth will
occur within all the operating businesses in the coming years”.
The TSF Engineering business will meet Envirozel’s acquisition criteria, which is as follows:
 Well established, profitable companies with good management
 Minimum of five years profitability
 Transaction size up to $25 million
 Must have strong organic growth potential
Mr McKern further stated:
“TSF Engineering is a profitable operation which will provide the Envirozel Group with a geographic
entry into the lucrative Sydney and NSW market”.
“TSF Engineering will also provide many opportunities for the other businesses in the Envirozel
Group and vice versa”.
Finally, Mr McKern stated:
“Envirozel believes the acquisition of TSF Engineering is expected to be earnings per share
accretive”.
The anticipated acquisition cost of the TSF Engineering business is in the vicinity of $14 million.
Envirozel Limited will in due course provide the market with further information on the progress of
this acquisition in line with the ASX’s continuous disclosure requirements.
Yours faithfully
Ian Wallace
Company Secretary
For further information, please contact:
Gordon McKern
Executive Chairman
Envirozel Limited
Tel: +61 3 9670 4545
E: gordon.mckern@envirozel.com
  Forum: By Share Code

ozeb
Posted on: Jul 23 2007, 09:08 AM


Group: Member
Posts: 221

http://www.aer.com.au/data/downloads/db_lonsbroke.pdf
Refreshed every week day just after 9am Adelaide time.

Also:-
http://www.intersuisse.com.au/
Go to morning Notes. Refreshed around midday.

Both provided good stock analysis.

http://www.newsalerts.com.au/ is very good too.

I also receive the Netwealth newsletter.

All free.
  Forum: Off Topic Chat

ozeb
Posted on: Jul 20 2007, 07:48 PM


Group: Member
Posts: 221

In reply to: glenview265 on Friday 20/07/07 06:55pm

See:- http://www.lincolnindicators.com.au/
It's more than a portfolio manager!
  Forum: Investment Discussion

ozeb
Posted on: Jul 20 2007, 07:14 PM


Group: Member
Posts: 221

I use Stock Doctor and that has a good portfolio section to it. Otherwise just write yourself a spreadsheet in Excel. I'm sure there are many other programs that others would suggest.
  Forum: Investment Discussion

ozeb
Posted on: Jul 20 2007, 07:08 PM


Group: Member
Posts: 221

"I've worked myself up from nothing to a state of extreme poverty." Groucho Marx

"Don't gamble; take all your savings and buy some good stock and hold it till it goes up. If it don't go up, don't buy it." Will Rogers

"It's easy to make money on Wall Street. All you have to do is buy when the price is low. Then, as soon as the price goes up, sell and take your profit." Mark Twain

"I made a killing in Wall Street a few years ago...I shot my broker." Groucho Marx

"A fanatic is one who can't change his mind and won't change the subject." Winston Churchill

"Men, it has been well said, think in herds; it will be seen that they go mad in herds while they only recover their senses slowly and one by one." Charles MacKay

"The most important single factor in shaping security markets is human psychology." Gerald M. Loeb

"Listen to what the market is saying about others, not what others are saying about the market." Richard Wyckoff

"No snowflake in an avalanche ever feels responsible." Stanislaw J. Lec

"As a student of human nature, I always have felt that a good speculator should be able to tell what a man will do with his money before he does it." Bernard Baruch

"Knowledge --- Zzzzzp! Money --- Zzzzzp! --- Power! That's the cycle democracy is built on!" Tennessee Williams

"The only reason some people get lost in thought is because it's unfamiliar territory." Paul Fix

"Never follow the crowd." Bernard Baruch

"...the fact is that it is really quite comfy to be part of the crowd." Adam Smith

"They told me to buy this stock for my old age. It worked wonderfully. Within a week I was an old man." Eddie Cantor
  Forum: Off Topic Chat

ozeb
Posted on: Jul 19 2007, 08:37 PM


Group: Member
Posts: 221

Doctor's Reports


1. A man comes into the ER and yells, "My wife's going to have her
baby in the cab!" I grabbed my stuff, rushed out to the cab, lifted
the lady's dress, and began to take off her under- wear.
Suddenly I noticed that there were several cabs ---and I was in the
wrong one.

Submitted by Dr. Mark MacDonald, San Francisco



2. At the beginning of my shift I placed a stethoscope on an elderly
and slightly deaf female patient's anterior chest wall. "Big breaths,"
I instructed.
"Yes, they used to be," replied the patient.

Submitted by Dr. Richard Byrnes, Seattle , WA



3. One day I had to be the bearer of bad news when I told a wife that
her husband had died of a massive myocardial infarct. Not more than
five minutes later, I heard her reporting to the rest of the family
that he had died of a "massive internal fart."

Submitted by Dr. Susan Steinberg



4. During a patient's two week follow-up appointment with his
cardiologist, he informed me, his doctor, that he was having trouble
with one of his medications. "Which one?" I asked. "The patch, the
Nurse told me to put on a new one every six hours and now I'm running
out of places to put it!" I had him quickly undress and discovered
what I hoped I wouldn't see. Yes, the man had over fifty patches on
his body! Now, the instructions include removal of the old patch
before applying a new one.

Submitted by Dr. Rebecca St. Clair, Norfolk , VA



5. While acquainting myself with a new elderly patient, I asked, "How
long have you been bedridden?"
After a look of complete confusion she answered, "Why, not for about
twenty years - when my husband was alive."

Submitted by Dr. Steven Swanson-Corvallis, OR



6. I was performing rounds at the hospital one morning and while
checking up on a woman I asked, "So how's your breakfast this
morning?"
"It's very good, except for the Kentucky Jelly. I can't seem to get
used to the taste" the patient replied.
I then asked to see the jelly and the woman produced a foil packet
labeled "KY Jelly."

Submitted by Dr. Leonard Kransdorf, Detroit , MI


7. A nurse was on duty in the Emergency Room when a young woman with
purple hair styled into a punk rocker Mohawk, sporting a variety of
tattoos, and wearing strange clothing, entered. It was quickly
determined that the patient had acute appendicitis, so she was
scheduled for immediate surgery.
When she was completely disrobed on the operating table, the staff
noticed that her pubic hair had been dyed green, and above it there
was a tattoo that read, "Keep off the grass."
Once the surgery was completed, the surgeon wrote a short note on the
patient's dressing, which said, "Sorry, had to mow the lawn."

Submitted by RN no name

AND FINALLY!!!................



8. As a new, young MD doing his residency in OB , I was quite
embarrassed when performing female pelvic exams. To cover my
embarrassment I had unconsciously formed a habit of whistling softly.
The middle-aged lady upon whom I was performing this exam suddenly
burst out laughing and further embarrassing me I looked up from my
work and sheepishly said, "I'm sorry. Was I tickling you?"
She replied, "No doctor, but the song you were whistling was, 'I wish
I was in Dixie ' ........ And my name's Dixie !"

The Dr. wouldn't submit his name!

(Who knows if any of these are true.)
  Forum: Off Topic Chat

ozeb
Posted on: Jul 19 2007, 06:11 PM


Group: Member
Posts: 221

In reply to: 29101971 on Thursday 19/07/07 04:45pm

Good point. I need to check up on that.
  Forum: Investment Discussion

ozeb
Posted on: Jul 19 2007, 05:06 PM


Group: Member
Posts: 221

In reply to: jjbrisbane on Thursday 19/07/07 03:24pm

If you have a Self Managed Superannuation Fund and are in pension mode then here is a good way.
Buy a bank, or any other liquid, high yielding stock, the day before it goes ex-div. Sell it the next day.
Suppose it pays a fully franked dividend of 70c. The franking credit is 30c. On average the share price goes down 70c on ex-div day.
At the end of the tax year your fund will be refunded the franking credit of 30c. If you sell a few weeks after you might even do better as the share price recovers.
  Forum: Investment Discussion

ozeb
Posted on: Jul 19 2007, 01:51 PM


Group: Member
Posts: 221

No problem, even though it was a better likeness of me than this young chap.
  Forum: Off Topic Chat

ozeb
Posted on: Jul 19 2007, 01:34 PM


Group: Member
Posts: 221

In reply to: Boggo on Thursday 19/07/07 12:45pm


What do you scan them for in Metastock Boggo?

I use Stock Doctor and FChartsPro.
  Forum: Investment Discussion

ozeb
Posted on: Jul 19 2007, 01:31 PM


Group: Member
Posts: 221

In reply to: wolverine on Thursday 19/07/07 12:50pm

The balance sheet is in a distressed state with weak operating cash flow. Earnings over the years have been very uneven. I'd be looking for a stock that had a more reliable earnings growth.
  Forum: By Share Code

ozeb
Posted on: Jul 19 2007, 11:45 AM


Group: Member
Posts: 221

In reply to: wolverine on Thursday 19/07/07 11:11am

Lowish volumes and a weakish Buy side. Hopefully, the market will catch up. Mind you, the Sell side looks weak too.
  Forum: By Share Code

ozeb
Posted on: Jul 18 2007, 07:50 PM


Group: Member
Posts: 221

Paddy was walking home late at night and sees a woman in the shadows.

"Twenty quid " she whispers.

He'd never been with a hooker before, but he decides what the heck, its only twenty quid.

So they hide in the bushes. They're going "at it" for a couple of minutes when all of a sudden a light flashes on them, it's a police officer.

"What's going on here, people?" asks the officer.

"I'm making love to my wife," Paddy answers indignantly.

"Oh, I'm sorry," says the cop, "I didn't know."

"Well," Paddy says, "neither did I, until you shined that light in her face.
  Forum: Off Topic Chat

ozeb
Posted on: Jul 18 2007, 02:51 PM


Group: Member
Posts: 221

In reply to: balance on Wednesday 18/07/07 02:18pm

I anticipate a Pauline Hanson query from the ASX after today's rise. ("Please explain")
  Forum: By Share Code

ozeb
Posted on: Jul 18 2007, 02:09 PM


Group: Member
Posts: 221

In reply to: wolverine on Wednesday 18/07/07 01:17pm

I think SWMBO might baulk at that.
The goal of most men is to earn more than their wives spend. The goal of most women is to find such a man.
  Forum: By Share Code

ozeb
Posted on: Jul 18 2007, 01:44 PM


Group: Member
Posts: 221

In reply to: wolverine on Wednesday 18/07/07 01:07pm

I was off trying to get some West Samoan bucks. Going there for a couple of weeks. It's always nice to come back after a shopping spree to find that your portfolio has risen by more than you've just spent at the shops. I must do it more often.
Last time, I bought a nice Panasonic LCD TV, DVD recorder and set-top box. When I came home I found that my net worth had increased markedly after the shopping!
  Forum: By Share Code

ozeb
Posted on: Jul 18 2007, 01:33 PM


Group: Member
Posts: 221

In reply to: wolverine on Wednesday 18/07/07 12:45pm

Great! I go out to the shops and come back to see SMX and AFG well up. Looks as though Shaw might have got it wrong.
  Forum: By Share Code

ozeb
Posted on: Jul 18 2007, 09:13 AM


Group: Member
Posts: 221

I have in the past subscribed to Huntley's, Wise Owl and Intelligent Investor. I gave them all away!!! I now only subscribe to the Eureka Report which is less expensive and gives me useful background material that is good for strategy.
Anyone interested in mining shares could subscribe to Peter Strachan’s newsletter. See:-

http://www.stockanalysis.com.au/

PS Is Intelligent Investor still plugging Infomedia, Flight Centre and Millers Retail?

  Forum: Off Topic Chat

ozeb
Posted on: Jul 16 2007, 06:01 PM


Group: Member
Posts: 221

I contacted my local Labour member the other day and asked if the Labour party, in government, would continue the 50% discount on capital gains tax if the assets were held for more than a year. He contacted the shadow treasurer and informed me that Labour had no plans to change this.
Good!
  Forum: Investment Discussion

ozeb
Posted on: Jul 13 2007, 08:09 AM


Group: Member
Posts: 221

In reply to: pixie on Friday 13/07/07 01:40am

And an obstetrician/gynecologist in Adelaide called Elvis Seaman. Most singular!
  Forum: Off Topic Chat

ozeb
Posted on: Jul 12 2007, 10:55 PM


Group: Member
Posts: 221

In reply to: aad666 on Thursday 12/07/07 12:36pm

Coming from SA I have no idea of his name. Could you enlighten me?
  Forum: Off Topic Chat

ozeb
Posted on: Jul 11 2007, 04:37 PM


Group: Member
Posts: 221

In reply to: joslad on Wednesday 11/07/07 07:12am

Quote:- "I guess the word wasn't widely used 50 years ago!"
Oh yes it was!
  Forum: Off Topic Chat

ozeb
Posted on: Jul 10 2007, 03:21 PM


Group: Member
Posts: 221

I guy came to visit us at work once. His surname was, (and probably still is), Hardon.
  Forum: Off Topic Chat

ozeb
Posted on: Jul 8 2007, 11:33 PM


Group: Member
Posts: 221

In reply to: zayne on Sunday 08/07/07 10:42pm

I use Stock Doctor and recommend it. Fundamental analysis by nature but has a good TA side to it also.
You could try Market Scan also but the former is far better IMHO.
  Forum: Investment Discussion

ozeb
Posted on: Jul 6 2007, 11:43 AM


Group: Member
Posts: 221

In reply to: blowout preventer on Friday 06/07/07 10:50am

The drop yesterday preceded today's announcement. A good example of insider trading?
  Forum: By Share Code

ozeb
Posted on: Jul 2 2007, 10:05 PM


Group: Member
Posts: 221

In reply to: rumpig on Monday 02/07/07 09:03pm

Or a horse's head in his bed...
No, seriously, you should first ascertain the facts. Maybe a genuine mistake has been made in which case the exercise of grace might be appropriate. Maybe there has been a mix-up in communication. Give the MD a call and be nice and polite and ask for the reasons why you have been dumped. It could be just the sort of mistake that you or I could quite easily make. Then, if they are being vengeful, give them hell - and the horse's head.
  Forum: Investment Discussion

ozeb
Posted on: Jul 2 2007, 09:20 PM


Group: Member
Posts: 221

TEAR Australia.
See:-
http://www.tear.org.au/
Very practical aid.
  Forum: Off Topic Chat

ozeb
Posted on: Jul 2 2007, 07:26 AM


Group: Member
Posts: 221

In reply to: wallyoff on Sunday 01/07/07 09:57pm

You could offset your capital gain by making a concessional contribution of up to around $100k pa to your superannuation fund. This is very effective although your fund would have to pay 15% tax on that contribution. Of course, you will have that contribution locked away until you were much older too. However, by starting your own SMSF you would be able to invest in the stock market and pay only 15% (or 10% for CGs over 1 year). Unfortunately, you can't own your own home in a super fund.
  Forum: Investment Discussion

ozeb
Posted on: Jun 29 2007, 09:00 AM


Group: Member
Posts: 221

Dear Miriam
LETTER OF THE DAY
The other day I set off for work, leaving my husband in the house watching the TV as usual.
I hadn't gone a hundred yards down the road when my engine conked out and the car juddered to a halt. I walked back home to get my husband's help. When I got home I found him in the bedroom. I couldn't believe my eyes. He was parading in front of the wardrobe mirror dressed in my underwear and high heel shoes, and he was wearing my make up.
I am 32, my husband is 34 and we have been married for 12 years. When I confronted him he tried to make out that he had dressed up in my lingerie because he couldn't find any of his own underwear. But when I asked him about the make up, he broke down and admitted that he has been wearing my clothes for six months. I told him it had to stop, or I would leave him.
He was made redundant from his job six months ago, and he says he has been feeing increasingly depressed and worthless. I love him very much but ever since I gave him the ultimatum, he has become increasingly distant, and I don't feel I can get through to him any more. Please can you help? Mrs B, Essex

Miriam says ... A car stalling after being driven a short distance can be caused by a variety of faults in the engine. Start by checking that there is no debris in the fuel line. If it is clear, check the jubilee clips holding the vacuum pipes onto the inlet manifold. If none of these approaches solves the problem, it could be that the fuel pump itself is faulty, causing low delivery pressure to the carburettor float chamber.

  Forum: Off Topic Chat

ozeb
Posted on: Jun 23 2007, 07:07 PM


Group: Member
Posts: 221

In reply to: mosaic1996 on Friday 22/06/07 05:46pm

Well we had another meeting with our accountant and for every question answered there was another 2 others cropping up.

At the end of the day, when all is said and done, what with one thing and another, be that as it may, we just carry on as normal and let him do all the work. He works out the best strategy at the end of the year and does the tax and let's us know how much we can withdraw.

I reckon that the share dividends will be very close to the minimum draw-down for a while yet. We will save a lot of money, which my wife is already planning to spend.
  Forum: Investment Discussion

ozeb
Posted on: Jun 22 2007, 05:12 PM


Group: Member
Posts: 221

In reply to: Krumbs on Friday 22/06/07 04:31pm

Thanks guys
I am seeing our accountant again tomorrow. He has set up our trust deed which I now have and so I will ask him. He will do all the management for us except for the investing. Just trying to understand as much as I can before he comes.
  Forum: Investment Discussion

ozeb
Posted on: Jun 22 2007, 03:47 PM


Group: Member
Posts: 221

In reply to: mosaic1996 on Friday 22/06/07 10:21am

Since nobody has answered my question I assume that everybody is equally confused. Either that or maybe it was a daft question.
  Forum: Investment Discussion

ozeb
Posted on: Jun 21 2007, 06:22 PM


Group: Member
Posts: 221

Question:-
The minimum draw-down rates of an allocated pension are as follows:-
55 – 64 4%
65 – 74 5%
75 – 79 6%
80 – 84 7%
85 - 89 9%
90 – 94 11%
95+ 14%

Are these rates on the pension or the member? If I am in pension phase and my wife is in the accumulation phase then what is the minimum draw-down rate? If we are both in pension phase then what is the rate then assuming we are of different ages? I guess that is when the actuary comes in. Very confusing.
  Forum: Investment Discussion

ozeb
Posted on: Jun 20 2007, 10:06 PM


Group: Member
Posts: 221

In reply to: ibisibis123 on Wednesday 20/06/07 09:26pm

If you have shares outside your SMSF and have a realized capital gain then consider making an equivalent concessional contribution to your fund in the same tax year. This contribution can largely offset your capital gain although your fund will need to pay 15% tax on the contribution. Better to pay 15% than 30%, 40% or 45%.
  Forum: Investment Discussion

ozeb
Posted on: Jun 20 2007, 09:58 PM


Group: Member
Posts: 221

In reply to: ibisibis123 on Wednesday 20/06/07 08:47pm

As superannuation funds pay tax at 15% in the accumulation phase, which is half of the 30% company rate, income from franked dividends and distributions produces a net credit which can be offset against tax payable on other taxable income. If the total tax credit exceeds the tax payable on other taxable income, then that portion of the credit will be refunded. In the pension phase you will get a full refund of the franking credits.
  Forum: Investment Discussion

ozeb
Posted on: Jun 20 2007, 09:29 AM


Group: Member
Posts: 221

In reply to: ozeb on Wednesday 20/06/07 08:04am

Ah, I've just realized that the 15% contributions tax is paid by the SMSF and not me. Makes all the difference.
  Forum: Investment Discussion

ozeb
Posted on: Jun 20 2007, 08:34 AM


Group: Member
Posts: 221

In reply to: Financial Chatter on Tuesday 19/06/07 10:40pm

This FY I have a substantial realized capital gain and will offset this by making a cash concessional contribution to my new SMSF. I'll have to pay 15% contribution tax. Then, next FY I shall transfer my shares as a non-concessional (non-deductible) contribution to the SMSF. I shall offset the implied capital gain by making another concessional contribution. I am wondering if this concessional contribution can be made by some of the shares (up to the legal limit). In other words, some of the shares will be transferred into the SMSF as concessional and the rest as non-concessional. I suppose I could sell some of them and make a cash concessional contribution instead. I have no capital losses of note that will help me out either year.
I hope my brain isn't becoming addled!
  Forum: Investment Discussion

ozeb
Posted on: Jun 19 2007, 10:15 PM


Group: Member
Posts: 221

In reply to: bartlett on Tuesday 19/06/07 09:02pm

I would be surprised. An in-specie contribution (an asset other than money) is limited to (as far as I know) shares, which are listed on an approved stock exchange, and business real property.
I'm not an expert but I have a book in front of me!
I have units in unlisted property trusts and have been advised that I can't contribute those either.
  Forum: Investment Discussion

ozeb
Posted on: Jun 18 2007, 11:06 PM


Group: Member
Posts: 221

Can in-specie deductible contributions be made? I know that undeducted contributions can be made in that form but I am looking at offsetting capital gains with a concessional contribution to my SMSF and I'd like to know if I can do it without selling any shares.
  Forum: Investment Discussion

ozeb
Posted on: Jun 4 2007, 04:18 PM


Group: Member
Posts: 221

In reply to: ozeb on Monday 04/06/07 03:42pm

Incidentally, Etrade consensus has 3 Strong Buys, 6 Moderate Buys and 1 Strong Sell. Take your pick.
  Forum: By Share Code

ozeb
Posted on: Jun 4 2007, 04:12 PM


Group: Member
Posts: 221

In reply to: wolverine on Thursday 31/05/07 09:30pm

SMX went down today because Shaw Stockbroking had a Reduce on it.
"SMX – While SMX has been the laggard performance wide, we see a lower growth profile restricting further growth."
They had a Hold on OKN.
  Forum: By Share Code

ozeb
Posted on: May 26 2007, 09:06 PM


Group: Member
Posts: 221

In reply to: ericson on Saturday 26/05/07 03:58pm

The Market Rate is the 6 month BBSR and will change every 6 months depending on the current BBSR. The Margin is fixed until 2012, the first reset date. Therefore, the interest paid, being the sum of the Market Rate and the Margin, will vary. Not a bad rate when compared with other similar notes.
  Forum: By Share Code

ozeb
Posted on: May 25 2007, 03:29 PM


Group: Member
Posts: 221

In reply to: Varmi on Friday 25/05/07 02:54pm

I have just belatedly opened my mail and I have it too.
I'm now off for a haircut and an ear stapling job. See ya!
  Forum: By Share Code

ozeb
Posted on: May 25 2007, 03:08 PM


Group: Member
Posts: 221

In reply to: Varmi on Friday 25/05/07 02:18pm

Sorry, it's an old photo. I've updated it.
  Forum: By Share Code

ozeb
Posted on: May 25 2007, 02:27 PM


Group: Member
Posts: 221

In reply to: Varmi on Friday 25/05/07 11:04am

Eh?
  Forum: By Share Code

ozeb
Posted on: May 18 2007, 05:19 PM


Group: Member
Posts: 221

Profit guidance just out
Forecast NPBT for the 2007 year will be in excess of $11 million. This will be an increase of at least 54% on the corresponding period last year. Turnover for the year is expected to be between $130-$140 million.
  Forum: By Share Code

ozeb
Posted on: May 18 2007, 02:03 PM


Group: Member
Posts: 221

APA rumoured to be after British Airways

The private equity consortium that failed to take over Qantas may be lining up a more ambitious target - British Airways, if market rumours are correct.

Reports from the United Kingdom linking the Macquarie Bank-led consortium with the world's premier airline fuelled a 2.35 per cent surge in its share price.

British Airways has a market capitalisation of STG5,848 million ($A14.06 billion).

Any attempt would have to include a takeover premium, making it significantly more expensive than the $11.1 billion the APA consortium was prepared to invest in Qantas.

"The big international houses are pushing the story," said Aequs Securities broker, Stuart Faulkner.

"That's why Allco Finance Group's running up. They're tightly aligned with this.

"They're saying Allco would be the prime candidate and it would be the same deal for Qantas rolled out for British Airways.

"It makes sense if they're operating on a global basis - you go for a global brand and British Airways is number one, with Qantas probably number two," he said.

Allco Finance Group and its sibling company, Allco Equity Group, were key partners in the Macquarie Bank-led APA consortium, which also included US private equity giant Texas Pacific Group and Canada's Onex.

At 1311 AEST on Friday Allco Finance Group shares were up more than two per cent or 23 cents to $11.52. Allco Equity Partners was also up four cents, or one per cent to $3.98 and Macquarie Bank had climbed $1.79, or 1.85 per cent to $98.29

APA had no comment on the rumours.APA rumoured to be after British Airways
  Forum: By Share Code

ozeb
Posted on: May 18 2007, 09:52 AM


Group: Member
Posts: 221

In reply to: Costa on Wednesday 16/05/07 04:29am

The recent announcement wasn't market sensitive at all. However, it's had a remarkable effect on the share price. Rob Friedman had better be a bit more careful in the future!
  Forum: By Share Code

ozeb
Posted on: May 16 2007, 10:59 PM


Group: Member
Posts: 221

You might check out Envirozel - EVZ. Lots of fingers in several pies. Market Cap is $122M. Less than 2 years ago it was a mere $3.8M. Going gangbusters right now with plenty of upside till to come. Many water related engineering activities.
  Forum: Investment Discussion

ozeb
Posted on: May 16 2007, 06:47 AM


Group: Member
Posts: 221

In reply to: Costa on Wednesday 16/05/07 04:29am

"Overall a very encouraging update."
Yes, I agree. And he inferred that some projects coming up were big, including some that were the biggest yet.
The profit forecast will surprise I reckon. If you can't afford LEI then STS is the one for you!
  Forum: By Share Code

ozeb
Posted on: May 10 2007, 04:00 PM


Group: Member
Posts: 221

A penguin walked into a bar and said "Has my father been in here?"
"I don't know" replied the bartender, "What does he look like?"
[B]
  Forum: Off Topic Chat

ozeb
Posted on: May 10 2007, 09:12 AM


Group: Member
Posts: 221

In reply to: The Pro on Thursday 10/05/07 08:39am

Petroleum News today. I presume that's media. It's not the Sun though.

See Veeone's post.
  Forum: By Share Code

ozeb
Posted on: May 9 2007, 02:35 PM


Group: Member
Posts: 221

In reply to: gwydir on Wednesday 09/05/07 01:35pm

Maybe you could ask them what is an acceptable refresh rate. Then we could all get the Firefox plug-in and set it to that refresh rate. Then we could see how things go! I see that it's their problem and that they should respond to customers' needs by fixing it by installing polling frequency limitation software.
  Forum: Investment Discussion

ozeb
Posted on: May 9 2007, 02:23 PM


Group: Member
Posts: 221

In reply to: gwydir on Wednesday 09/05/07 01:35pm

Ah, so it's you gwydir who has been causing all the problems recently! Now that you have been chastised all will return to normal. And there will no more reasons for me to get hot under the collar when I can't log on or buy or sell or cancel. Just tell them you're making up for the times when you couldn't do any of those things either. The trouble is gwydir you're too innovative! :-)
  Forum: Investment Discussion

ozeb
Posted on: May 9 2007, 01:06 PM


Group: Member
Posts: 221

In reply to: annaliese on Wednesday 09/05/07 12:12pm

I don't know that much about the helium sources around the world but had an idea that the US of A had a monopoly on it. Now Monopoly could break that molopo. Spoonerism intended!
  Forum: By Share Code

ozeb
Posted on: May 9 2007, 11:06 AM


Group: Member
Posts: 221

FNArena has a very positive report on Beach with Merrill Lynch having a $2 target.
http://www.fnarena.com/index2.cfm?type=dsp...57DBA4C438DDE3C
  Forum: By Share Code

ozeb
Posted on: May 7 2007, 11:55 AM


Group: Member
Posts: 221

Donation falls through with Qantas failure

* May 07, 2007

INDIGENOUS communities and medical research groups have lost a possible $60 million fund with the failure of the Qantas takeover.

Qantas chief executive officer Geoff Dixon said last December, when the bid was offered, he would use his share to set up a long-term incentive scheme that could have totalled as much as $60 million over five years.

Mr Dixon at the time said he made the decision to gift the money in consultation with his family.
"My family and I have decided that I will gift my entire share ... to a charitable trust, which we will establish for the benefit of the community, particularly in the areas of medical research and indigenous health and education."

The donation would have made Mr Dixon instantly one of Australia's most generous philanthropists.

The proposed takeover of the flying kangaroo by private equity consortium Airline Partners Australia (APA) failed on Friday night when the group failed to gain 50 per cent acceptance to the takeover (more).
  Forum: By Share Code

ozeb
Posted on: May 7 2007, 10:21 AM


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Posts: 221

In reply to: henrietta on Monday 07/05/07 09:41am

I guess the phrase of selling one's grandmother is more a figure of speech than reality! Some of us can easily be persuaded to yield into temptation though. And I haven't yet got started on the downfall of some religious leaders!
My view is that the QAN board acted for the shareholders benefit in good faith. My understanding is that Geoff Dixon was going to put his windfall into a charitable trust. Good on him if that was true.
  Forum: By Share Code

ozeb
Posted on: May 7 2007, 09:27 AM


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Posts: 221

It's easy to describe the QAN board as being greedy. I wonder what the rest of us would do under the same circumstances! $50M in the back pocket would difficult to resist for most, I suspect.
In the same way that so many have hard line views on a variety of subjects such as abortion, stem cell research, euthanasia, hanging, etc etc but when these issues touch us or our family personally we would change these views very quickly indeed.
Some of us would sell our grandmothers for $50M. Mine are all deceased so it's a hypothetical question for me, thank God.
  Forum: By Share Code

ozeb
Posted on: May 6 2007, 10:09 PM


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Qantas accepts APA bid has failed

* May 06, 2007

QANTAS has issued a statement acknowledging the "current" attempted takeover of the airline has failed.

The Takeovers Panel effectively blocked an $11.1 billion bid by Airline Partners Australia (APA) for Australia's biggest airline today, refusing APA's request to include a late acceptance that would have kept the offer alive.

The consortium is appealing the decision, seeking an urgent review by the panel.

“On 4 May, APA announced that it did not receive acceptances representing at least 50 per cent of Qantas shares by the 7.00pm (AEST) deadline and therefore the APA offer could not proceed,” Qantas said in tonight's statement.

“While APA has made several regulatory applications over the weekend, the Qantas board considers that the current bid has failed.

“Accordingly, Qantas will proceed with strategies and plans for its future.

“The board thanks management and staff who have carried on normal operations so well while the APA offer was being considered by shareholders.”

The takeover appeared to have been thwarted on Friday night when APA failed to get the 50 per cent acceptance level by 1900 AEST, which would have triggered a two-week extension for it to get the 70 per cent needed for the offer to succeed.

But APA then applied to the Takeovers Panel to allow a belated acceptance from a US hedge fund, which the consortium believed would give it claim to 50.6 per cent of Qantas shares, representing 58 per cent of the airline's shareholders.

But the panel today said it had decided not to consider the matter as it did not believe that a case of “unacceptable circumstances” - as argued by APA - had arisen.
  Forum: By Share Code

ozeb
Posted on: May 6 2007, 04:37 PM


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Deal blocked by Takeover Panel

Takeovers body blocks Qantas deal

*
* May 06, 2007

THE Takeovers Panel has effectively blocked the private equity consortium Airline Partners Australia's takeover bid for Qantas, putting an end to the $11.1 billion deal.

The takeovers umpire has refused to look at the matter after the APA consortium asked it to allow a late acceptance for the offer, which would have let the bid proceed to the next stage.

APA has indicated that it intends to seek an urgent review of the decision, the panel said.

The fate of the takeover bid for Australia's largest airline has hung in the balance since Friday, when a large US hedge fund offered its shares to the group after an important deadline.

The bid effectively failed on Friday night when shareholder acceptances did not reach the 50 per cent acceptance level required to extend the offer by the 7pm AEST deadline.

APA applied to the Takeovers Panel to allow the belated acceptance from the US hedge fund, which the consortium believed gave it claim to 50.6 per cent of Qantas shares.

"The panel has decided not to commence proceedings in relation to APA's application," the panel said in a statement today.

The decision effectively scuttles APA's takeover offer for the airline.
  Forum: By Share Code

ozeb
Posted on: May 3 2007, 11:09 PM


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Posts: 221

Saferoads Holdings - SRH. Rumours tonight on the ABC were that there was going to be big infrastructure spending flowing on from the budget (which is why LEI went up today). Maybe SRH could get some of this. PE only 13.83, marginally below the sector average. PEG only 0.21.
Earnings growth has been very good to date. Very cheap at the moment.
Lonsec report on their web site.
  Forum: Investment Discussion

ozeb
Posted on: May 2 2007, 11:02 PM


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Posts: 221

In reply to: Cha on Wednesday 02/05/07 09:40pm
  Forum: Off Topic Chat

ozeb
Posted on: Apr 24 2007, 09:54 PM


Group: Member
Posts: 221

In reply to: cognitive on Tuesday 24/04/07 06:46pm

Hi Cognitive. I sold at $1.12 on its way down after having bought in at $1.02. Pity about what happened but there was no way of predicting it. I must admit to having lost interest in PBA and have put my money elsewhere. It's still on my watchlist though. I still hold Candle in the same sector.
I reckon that this could be a dangerous time for high PE stocks and will consider value stocks from now on ie PE less than 15 or so. PBA might once again come into consideration. Probably good buying at the current price.
The main problem I have with PBA is the poor liquidity. I was most fortunate in selling when I did.
  Forum: By Share Code

ozeb
Posted on: Apr 23 2007, 01:15 PM


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Posts: 221

In reply to: Costa on Monday 02/04/07 04:02pm

I hope that this isn't STS's doing. If not they might have a bit more work in Dubai.
http://runbmd.blogspot.com/2007/04/crazy-c...t-in-dubai.html
  Forum: By Share Code

ozeb
Posted on: Apr 23 2007, 10:04 AM


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Posts: 221

In reply to: ozeb on Wednesday 11/04/07 03:11pm

Unless I'm reading the tea leaves incorrectly, I reckon the QAN deal may be off and that the market has a similar view. In that case the AFG share price is holding up very well. Most encouraging.
  Forum: By Share Code

ozeb
Posted on: Apr 11 2007, 03:41 PM


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Posts: 221

In reply to: ericson on Wednesday 11/04/07 02:55pm

I'm not a technical analyst but more of a fundamental investor. However, it looks as though AFG has broken out of an ascending triangle today. If it is so then I might have to re-consider my style of investing!
  Forum: By Share Code

ozeb
Posted on: Apr 10 2007, 10:28 AM


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Posts: 221

In reply to: ozeb on Friday 06/04/07 07:25am

How come all the world (thinks) they know the new QAN bid conditions in all its detail but there has been NO ASX announcement by AFG as of yet. So much for continuous disclosure!
  Forum: By Share Code

ozeb
Posted on: Apr 7 2007, 08:28 AM


Group: Member
Posts: 221

I have some questions for those who have taken the plunge.
1. Are you following a particular trading plan?
2. Do you follow technical analysis or fundamentals or a mixture of both?
3. Are you confident that you have a strategy in place to handle a prolonged down-turn in the market?
4. Do any of you subscribe to Hometrader?
5. Would you describe yourselves as traders or investors or both?

I am retired with a nice indexed pension but enjoy investing to supplement it. Last year was outstanding when I made twice as much as I did when I was working but I don't expect this year to be quite as good (but you never know). I subscribe to Stock Doctor and that has helped me considerably, so I must consider myself to be a long term investor where possible. My portfolio is a mere 11 stocks (it has been more) but I have good holdings in each.
Current stocks are AFG, ANZ, BPT, BXB, CND, CPB, OKN, PPT, QBE, SMX, STS. I'm always on the lookout for new stocks to replace some of the ones going sideways.
  Forum: Investment Discussion

ozeb
Posted on: Apr 6 2007, 07:55 AM


Group: Member
Posts: 221

New tack in Qantas bid

THE $11.1 billion Qantas bid will go unconditional within weeks under a new deal Airline Partners Australia is negotiating with its bankers.
BusinessDaily believes the plan involves a second extension of the $5.45-a-share offer beyond the present cut-off date of April 20.

The partners are also expected to flag a plan next week under which the buyout will become unconditional once the syndicate acquires 70 per cent of Qantas shares.

At present, the Australian-North American buyout group has to win acceptances from 90 per cent of shareholders to draw on the $10.1 billion "covenant-lite" debt facility negotiated with its lending syndicate.

During the past week a Macquarie Bank-led bid team has been on the phones seeking to restructure the offer.

Yesterday, a senior Qantas source told BusinessDaily to be prepared for the bid to hot up next week.

A clear indication a new deal looms emerged on Tuesday when Deutsche Bank, one of the foreign banks funding the buyout, advised the stock exchange it was building a stake in Qantas. Between Friday of last week and last Tuesday, Deutsche lifted its holding from 5.4 per cent to 10.86 per cent.

Shaw Stockbroking's senior analyst Brent Mitchell said yesterday that APA and Qantas board and management had too much to lose to let the deal collapse.

"They have invested too much in this and there is their credibility going forward," said Mr Mitchell.

The new strategy is aimed at sidestepping a deal-blocking manoeuvre by two institutional shareholders that want more for their shares. UBS Nominees and Balanced Equity Management, which hold 14 per cent of the airline, have gathered sufficient shares to block the bid as it stands.

According to sources, the buyout group, comprising Allco Finance, Macquarie Bank and North American interests TPG and Onex Corp, has told Qantas management to expect a major announcement after the Easter break.

APA is believed to have adopted the view that a 70 per cent acceptance level will snare about 40 per cent of Qantas stocks now held by hedge funds.

By obtaining the hedge fund holdings, APA would lift its present stake from 30.6 per cent to more than 70 per cent.

Once the deal goes unconditional APA is bound to pay sellers within a month, giving security to the hedge funds which risk huge losses if the bid collapses and the price of Qantas shares plunges.

The buyout partners believe that by getting the hedge fund holdings they will trigger further sales by various managed funds who have held Qantas as a top 500 stock.

Managed funds invest in index stocks and under the plan, once APA gets to 70 per cent the liquidity of the carrier's stocks will fall, causing them to drop out of the index. As a result the index funds would be forced to sell.

Shaw's Brent Mitchell said: "Obviously if they declare the bid unconditional and let it complete they (APA) will end up with a certain percentage of Qantas stock.

"They would then be able to come back later with a higher bid to clean up the rest, " Mr Mitchell said.

Mr Mitchell said he would not be surprised to see a revised offer emerge after Easter which would give the hedge funds "a reasonable short term gain".

"They would stand to pick up the difference between $5.15 a share which they have been buying at and APA's formal $5.45 bid," he said.

Mr Mitchell said the deal may now have to be made in two stages.
  Forum: By Share Code

ozeb
Posted on: Apr 3 2007, 09:59 PM


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Posts: 221

In reply to: consult on Tuesday 03/04/07 08:31pm

I use a proprietary program and filtered out all those stocks that had the word "uranium" in their company description. For some reason it missed LML, maybe others. And of course ADN has just become interested in the stuff from what I gather. Took me 5 minutes. I deleted an ethical equity stock that has NO interest in uranium and also a semiconductor stock.
  Forum: Investment Discussion

ozeb
Posted on: Apr 2 2007, 09:46 PM


Group: Member
Posts: 221

In reply to: gravelman on Monday 02/04/07 08:32pm

Here is a list of stocks that have an interest in uranium. Not all are miners.
ABU ABM Resources NL
ACB A-Cap Resources Limited
AEE Aura Energy Limited
AEX Acclaim Exploration NL
AGC Agincourt Resources Limited
AGP Anglo Pacific Group Plc
AGS Alliance Resources Limited
ALB Albidon Limited
ARM Aurora Minerals Limited
AXM Apex Minerals NL
AXT Argo Exploration Limited
BCI BC Iron Limited
BHP BHP Billiton Limited
BKY Berkeley Resources Limited
BLR Black Range Minerals Limited
BMN Bannerman Resources Limited
BNT Bounty Industries Limited
BTV Batavia Mining Limited
BWN Bowen Energy Limited
BYR Burey Gold Limited
CMR Compass Resources NL
CMY Capital Mining Limited
CRE Crescent Gold Limited
CRJ Copper Range Limited
CUY Curnamona Energy Limited
CYL Catalyst Metals Limited
DIO Dioro Exploration NL
DMA Dynasty Metals Australia Limited
DRK Drake Resources Limited
DYL Deep Yellow Limited
EDN Elkedra Diamonds NL
ELM Elemental Minerals Limited
EME Energy Metals Limited
ENR Encounter Resources Limited
EPS Epsilon Energy Limited
EQN Equinox Minerals Limited
ERA Energy Resources of Australia Limited
ERL Empire Resources Limited
ERN Erongo Energy Limited
ERO Eromanga Uranium Limited
FAS Fairstar Resources Limited
GBE Globe Uranium Limited
GDM Goldstream Mining NL
GDN Golden State Resources Limited
GGY Glengarry Resources Limited
GIR Giralia Resources NL
GLA Gladiator Resources Limited
GPN Greater Pacific Gold Limited
GRD GRD Limited
GRL Gawler Resources Limited
GXY Galaxy Resources Limited
HAV Havilah Resources NL
HAZ Hazelwood Resources Limited
HHV Hunter Hall Global Value Limited
HRR Heron Resources Limited
ITT Intermet Resources Limited
JRL Jindalee Resources Limited
KAL Kalgoorlie-Boulder Resources Limited
KOR Korab Resources Limited
MAN Magna Mining Nl
MDX Mindax Limited
MGO Marengo Mining Limited
MLS Metals Australia Ltd
MMB Magma Metals Limited
MMR MEC Resources Limited
MNM Mantle Mining Corporation Limited
MOX Monax Mining Limited
MRO Monaro Mining N.L.
MRU Mantra Resources Limited
MTN Marathon Resources Limited
MUR Murchison United NL
MXR Maximus Resources Limited
NEL Nova Energy Limited
NMI Northern Mining Limited
NRL Newland Resources Limited
NRU Newera Uranium Limited
NTU Northern Uranium Limited
NUP NuPower Resources Limited
OMC OmegaCorp Limited
OXR Oxiana Limited
PDN Paladin Resources Limited
PDZ Prairie Downs Metals Limited
PEK Peak Resources Limited
PEN Peninsula Minerals Limited
PIM Prime Minerals Limited
PNN PepinNini Minerals Limited
POL Polaris Metals NL
PRW Proto Resources & Investments Limited
PRZ Primary Resources Limited
PTS Platsearch NL
PUN Pegasus Metals Limited
RIO Rio Tinto Limited
RRS Range Resources Limited
RSG Resolute Mining Limited
SAU Southern Gold Limited
SCX Southern Cross Exploration NL
SFR Sandfire Resources NL
SIM Scimitar Resources Limited
SLX Silex Systems Limited
SMC Strategic Minerals Corporation NL
SMM Summit Resources Limited
SRK Strike Resources Limited
SRR Shaw River Resources Limited
SRZ Stellar Resources Limited
STB South Boulder Mines Limited
THR Thor Mining Plc
TOE Toro Energy Limited
TRF Trafford Resources Limited
UEQ Uranium Equities Limited
UKL Uranium King Limited
UOG Uranium Oil and Gas Limited
URA Uran Limited
USA UraniumSA Limited
UTO U308 Limited
UXA Uranium Exploration Australia Limited
VMS Venture Minerals Limited
WCP WCP Resources Limited
WRK Warwick Resources Limited
WTN Western Uranium Limited
XST Xstate Resources Limited
YRR Yellow Rock Resources Limited
  Forum: Investment Discussion

ozeb
Posted on: Apr 2 2007, 02:50 PM


Group: Member
Posts: 221

In reply to: farmer fred on Monday 02/04/07 12:10pm

The magic $2 with a good volume today. I expect it to retrace a bit tomorrow. Hope I'm wrong.
  Forum: By Share Code

ozeb
Posted on: Apr 2 2007, 09:35 AM


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Posts: 221

In reply to: spartz on Monday 02/04/07 04:25am

Good on you Spartz. The secret is not to give begrudgingly but to have the passion for the cause. It sounds like you do. Go for it. If it's tax deductible then that's a bonus!
  Forum: Investment Discussion

ozeb
Posted on: Apr 1 2007, 05:52 PM


Group: Member
Posts: 221

I originally thought you were taking the plunge into marriage! Much more risky. Keep to trading. Safer all round.
  Forum: Investment Discussion

ozeb
Posted on: Apr 1 2007, 07:12 AM


Group: Member
Posts: 221

In reply to: spartz on Sunday 01/04/07 06:01am

Easy. Start to give some of it away to those who are on hard times. Pick a charity or cause and give to it with a good heart. Guaranteed to make you feel better about yourself.
  Forum: Investment Discussion

ozeb
Posted on: Mar 30 2007, 02:48 PM


Group: Member
Posts: 221

In reply to: wolverine on Friday 30/03/07 01:54pm

SMX and OKN seem to track each other quite well and are, more or less, in the same business with a similar PE of about 21. The question now is will SMX fall down to OKN or will OKN follow SMX up.
  Forum: By Share Code

ozeb
Posted on: Mar 26 2007, 10:47 PM


Group: Member
Posts: 221

In reply to: Magnatolia on Monday 26/03/07 07:45pm

I have a very tiny brain. I've tried various schemes of entry and exit points such as yours and using a variety of indicators and back-tested most of them. I came to the conclusion that if any of them worked it was either incidental or accidental and was because we were in a bull market when throwing darts would work just as well. I guess I've always been a bit of a cynic of technical analysis although it was fun trying for a while. I have since subscribed to Stock Doctor for the longer term fundamental approach and have never looked back.
The further you go to a "black box" system then the more likely you are to fail in my view. But then again, what would I know? Maybe some can make a go of it.
I suggest you paper trade for a while before committing cold hard cash.
  Forum: Investment Discussion

ozeb
Posted on: Mar 23 2007, 09:10 AM


Group: Member
Posts: 221

In the absence of any profit indicators I reckon it's not a bad idea to keep an eye on the number of employees that a company has. The indication by AFG that they hope to increase that number from 400 to 500 by the end of the year is a very good sign. Most managers like to look at the earnings contribution per employee as an indication of efficiency. With or without Qantas, the future for AFG is looking good on that basis.
  Forum: By Share Code

ozeb
Posted on: Mar 21 2007, 09:37 AM


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Posts: 221

In reply to: pancho on Tuesday 13/03/07 12:45pm


Margaret Jackson lets fly.

Jackson warns no turning back on Qantas bid


* March 21, 2007

QANTAS chairman Margaret Jackson vented her frustration at institutional shareholders yesterday who are holding out against the $11 billion, $5.45-a-share privatisation bid by Airline Partners Australia.
In an interview with The Australian Ms Jackson also warned the offer price was at a historic high price for Qantas and the shares would fall if the bid failed, as some $5 billion worth of stock now owned by hedge funds would be sold.

"I have been chairman for seven years and I have lived through profit result after profit result where we have come out with fabulous results and the share price has gone up 3c or 5c.

"It seems mysterious to me that, after seven years, these institutions see more value in Qantas (beyond the bid price) whereas in the past seven years they haven't been able to see it."

Yesterday the Takeovers Panel said it would not oppose the APA bid, after the Macquarie Bank-led consortium agreed to provide more detail on its $11.1 billion bid to address concerns from the Australian and International Pilots Association.

AIPA had questioned statements made about the airline experience of APA member Texas Pacific Group in bid documents sent to investors.

Ms Jackson said the board still believed the consortium's offer of $5.45 a share was the best deal for shareholders, despite the recent rise in the share market and the upgrade of the airline's profit expectations since it recommended that shareholders accept the bid last December.

Qantas shares closed at $5.14 yesterday, still well below the bid price, with two institutions which hold almost 10 per cent of its stock - UBS and Balanced Equity - still not indicating if they will accept. Some analysts see the low share price as indicating that the market believes the bid will not succeed. The offer, which is due to expire on April 3, is conditional on 90 per cent shareholder acceptance.

"I would be devastated if it (the bid) didn't go through as this is an outstanding opportunity for shareholders," Ms Jackson said. She said she believed the bid would go ahead as about 60 per cent of Qantas shareholders had indicated it was a good price.

She said eight out of 10 of the top shareholders representing 20 per cent of the company's shareholder base had already sold.

Some 40 per cent of the stock was now in the hands of hedge funds.

"It has gone too far (not to succeed)," she said. "Sixty per cent of our shareholder base has voted that they believe it is a good price. I can't see how it cannot go ahead."

She said the hedge funds would not be long-term holders of Qantas shares if the bid failed.

"If it doesn't go ahead, they will be selling $4 to $5 billion worth of equity," she said.

"They are not natural long-term holders of Qantas stock."

Ms Jackson said all the major institutions that had owned Qantas shares she had spoken to, including the Capital group and the Templeton group, had described the offer as being "very, very very - three 'verys' - good".

Ms Jackson, who says she has spent almost every waking hour overseeing the bid situation since it was launched last December, praised fellow members of the Qantas board as showing "bravery and courage" in the way they had handled the unsolicited offer.

"It has been three months non-stop. 24/7 Qantas. It has been very difficult for everyone."

She said the board had had to put together "protocols and procedures" to handle the bid "where there was no guiding light".

Ms Jackson said the private equity offer for Qantas would provide the airline with close association with two players with airline experience: Texas Pacific, which brought US airline Continental out of bankruptcy and which was a major investor in Ryan Air; and the Allco group, which has experience in aircraft leasing.

"Some of the members of the consortium have experience in aviation which will be invaluable assisting Qantas going forward.

"There are some things that Qantas management can do with Texas Pacific and Allco that they can't do with existing shareholders. It is who the people are, who their connections are and what their expertise is."

Ms Jackson rejected suggestions that Qantas workers would be worse off under private equity owners seeking to slash costs.

"I honestly think it will make no difference," she said. "What is going to happen to Qantas is going to happen. The reality is the world is changing and Qantas has to keep changing."
  Forum: By Share Code

ozeb
Posted on: Mar 9 2007, 03:01 PM


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Posts: 221

In reply to: balance on Friday 09/03/07 01:57pm

Maybe they should look at the QAN share price and earnings over the last 7.5 to 10 years. Over that time the price of aircraft and fuel has gone up somewhat in a very competitive industry. I don't see much opportunity for growth. The share price was $4.35 before the bid was announced so I reckon $5.45/$5.60 is a fair price. I suspect it will languish below $5 for quite some time yet should the bid fail.
QAN is the last business I'd invest in.
Lousy yield too.
  Forum: By Share Code

ozeb
Posted on: Mar 8 2007, 12:47 PM


Group: Member
Posts: 221

In reply to: cso1 on Thursday 08/03/07 10:55am

"Relative gammas also appealing, with realized spread trending sharply lower: now minus 0.88 vol (USD/JPY has generated 7.34% actual vol over past 3 months, EUR/JPY realized vol 8.22%) vs +3.37 vols in late Dec. As realized-vol spread continues to slide, daily delta-hedging will earn gamma profits by capturing out-performance of EUR/JPY realized volatility. But if actual-vol trend shifts, realized spread rises above implied spread, daily gamma maintenance would generate losses."

Er, yes, my thoughts exactly.
  Forum: Off Topic Chat

ozeb
Posted on: Mar 8 2007, 09:22 AM


Group: Member
Posts: 221

In reply to: balance on Thursday 08/03/07 08:47am

Yes, very poor this morning. I can't understand it. The system breaks down under stress yet that is the time when Etrade should be making heaps of money.
  Forum: Investment Discussion

ozeb
Posted on: Mar 1 2007, 03:03 PM


Group: Member
Posts: 221

In reply to: balance on Thursday 01/03/07 01:39pm

The AFG share price is now about what it was before the QAN bid announcement. The question now is what will happen to the share price if the bid fails. Up or down. Aegis Equities had a Buy on AFG even without the QAN bid factored in. Still, they had a Buy on COA and look where that is now.
  Forum: By Share Code

ozeb
Posted on: Feb 21 2007, 10:38 AM


Group: Member
Posts: 221

In reply to: rubba81 on Wednesday 21/02/07 06:35am

Re Pig Kiss.
As someone who has just had 6 days in hospital with E. coli O111, I can't help wondering if that little tot suffered the same fate as me. And no, I don't go around kissing animals or doing anything else with them either!
  Forum: Off Topic Chat

ozeb
Posted on: Jan 31 2007, 09:33 AM


Group: Member
Posts: 221

In reply to: ozeb on Tuesday 30/01/07 01:39pm

Re: Peoplebank Australia Limited’s announcement 30 January 2007
The Continuous Disclosure announcement of 30 January 2007 generated considerable
investor interest, but apparent uncertainty in the market about Peoplebank’s continuing
growth prospects. Your Directors wish to be sure there is no misunderstanding as a
consequence.
As advised, the reviewed interim financial statements should be ready for release in mid
February. The primary contracting business grew approximately 15% in the 6 months to 31
December 2006 with a very high quality customer profile. Sales in the higher margin
permanent placement business were behind expectations. The combined NPAT as a result
is expected to be about $1.85 million, 5% less than comparative 31 December 2005. It
should be noted that the comparative period included “record” permanent placements.
· Projections are for a stronger second half of the fiscal year. Director forecasts and
market conditions indicate full year profit results will be ahead of last year.
· Peoplebank has a strong balance sheet, and anticipates no changes to its dividend
policies.
· Its expansion strategy through earnings accretive M & A has been thoroughly
reviewed and reaffirmed. Substantial funding is readily available. Peoplebank
considers itself very well positioned within its industry and is actively pursuing
opportunities. The market will be kept informed as and when potential transactions
are appropriately advanced.
· The Directors confidently consider Peoplebank to be a growth stock and are
committed to delivering quality earnings to shareholders.
  Forum: By Share Code

ozeb
Posted on: Jan 30 2007, 02:09 PM


Group: Member
Posts: 221

In reply to: ozeb on Thursday 07/12/06 06:09pm

Well I was making thousands!

Peoplebank Australia (ASX: PBA) expects to release its reviewed half-year
financial results in mid February.
Directors confirm that total revenue for the half year has continued to grow.
Half-year earnings are expected to be modestly behind the same period last
year due to product mix changes.
As part of our policy of continued strategic review and market evaluation, we
have recently completed an externally facilitated update of our overall business
plan and direction.
Appropriate merger and acquisitions that are earnings accretive are being
actively explored and reviewed by your board.
  Forum: By Share Code

ozeb
Posted on: Jan 24 2007, 10:39 AM


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Posts: 221

In reply to: ozeb on Monday 14/08/06 04:45pm

Can anyone give an explanation for the languishing share price? PE of 11.63 vs 26.67 for Monodelphous.
  Forum: By Share Code

ozeb
Posted on: Jan 22 2007, 09:38 PM


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Posts: 221

In reply to: ACTURTLE on Monday 22/01/07 08:47pm

Liquidity seems very low. May not suit some investors.
  Forum: Investment Discussion

ozeb
Posted on: Jan 16 2007, 11:51 AM


Group: Member
Posts: 221

In reply to: kahuna1 on Monday 15/01/07 03:18pm

Yes, I got in a bit too late for my liking but we all have to start somewhere. And we all have first posts! Mind you, STS hasn't always been a strong company, but is has been looking good for a while now with consistently good earnings.
Could you do us all a favour and list all the stocks you are considering or is that too hard?
  Forum: Investment Discussion

ozeb
Posted on: Jan 15 2007, 03:02 PM


Group: Member
Posts: 221

In reply to: sook on Monday 15/01/07 01:32pm

See my post in the STS forum today.
My suggestion was very timely!
  Forum: Investment Discussion

ozeb
Posted on: Jan 15 2007, 02:20 PM


Group: Member
Posts: 221

Earnings guidance provided by the Chairman at Structural Systems
AGM held in November 2006 forecast a first half pre tax profit in
excess $4 million. This result is now upgraded and the revised
forecast for the first six months of the 2007 financial year is a pre tax
profit in excess of $5 million on turnover of approximately $69
million.
This result compares to a pre tax profit for the corresponding period
last year of $3.023 million.
Further details will be provided when the half year results are
released in full.
Structural Systems is a specialist professional Engineering and
Contracting Company, which provides innovative skills and services
to the Construction and Mining Industries both nationally and
internationally. Operations commenced as BBR Australia Pty Ltd in
1961 and became the public company, Structural Systems Limited,
in 1987.
  Forum: By Share Code

ozeb
Posted on: Jan 13 2007, 08:38 PM


Group: Member
Posts: 221

In reply to: datum on Saturday 13/01/07 07:17pm

As a user of a proprietary program I used a filter to pick out stocks that meet certain criteria.
My criteria in this case were that:-
Market capitalization <$100 Mill
Pays a dividend (excludes explorers - I'm only interested in stocks that have a good established business)
PEG<0.8
Earnings growth >10%
PE<25
plus one or two others.
Many of the stocks mentioned in this thread don't meet these criteria as their financials are very poor.
I suggest Peoplebank - PBA and Structural Systems - STS.
I bought PBA at $1.02 and STS at $1.48. Both are doing well.
  Forum: Investment Discussion

ozeb
Posted on: Dec 19 2006, 08:57 PM


Group: Member
Posts: 221

In reply to: yan on Tuesday 19/12/06 08:00pm

PBA - Peoplebank is my bet. Very good fundamentals when I bought at $1.02 and has risen well since. Pays a dividend too.
  Forum: Investment Discussion

ozeb
Posted on: Dec 7 2006, 06:39 PM


Group: Member
Posts: 221

In reply to: Varmi on Thursday 07/12/06 02:37pm

I'm surprised that it hasn't grabbed a bit more attention. I'm making thousands here.
  Forum: By Share Code

ozeb
Posted on: Dec 5 2006, 07:21 AM


Group: Member
Posts: 221

In reply to: Nigle on Monday 04/12/06 11:05pm

Check out Peoplebank - PBA. That and CND are my preferred stocks in this sector. Both are in a better financial position than RHD.
  Forum: By Share Code

ozeb
Posted on: Oct 18 2006, 04:22 PM


Group: Member
Posts: 221

In reply to: wolverine on Tuesday 10/10/06 08:29pm

Up 25c today. Something fishy going on maybe. Reached a new high.
  Forum: By Share Code

ozeb
Posted on: Oct 13 2006, 10:14 PM


Group: Member
Posts: 221

In reply to: Varmi on Monday 21/08/06 03:06pm

A nice little company that has a lot of potential. I like the Boardroom radio interview too. A likely takeover target (Candle?). Low PE and a high yield. Good growth prospects. Quite cheap and deserves a lot more interest. One to put away for a few years.
It was well established before it went public. A lot of good signs.
  Forum: By Share Code

ozeb
Posted on: Sep 27 2006, 08:15 AM


Group: Member
Posts: 221

Allco caught juggling the numbers

Lisa Murray, Sydney
September 27, 2006

DAVID Coe's Allco Finance Group has been caught juggling numbers in its financial accounts without informing shareholders, in a move that could raise alarm bells with investors and regulators.

Allco's financial report released late last month said the company had lost $13.7 million from associates and joint ventures while its receivables (money owed to the company) increased by $50.6 million.

All up, net cash flow from operating activities was $57.8 million.

However, according to the annual report released four weeks later, those numbers had changed, without an alert to shareholders. Allco's share of profit from associates and joint ventures turned into a positive $13.7 million and the increase in receivables was reported as a smaller $23.1 million. As a result of the two changes, the net cash flow number remained the same.

Some investors picked up that the share of profit from associates was wrongly accounted for in the initial report and contacted the company. But instead of correcting the mistake and changing the net cash flow number, Allco changed the value of the receivables and ended up with the same result.

A company spokeswoman acknowledged it had made an error in the financial report lodged with the ASX in August. But she said the annual report was the "correct version".

"The profit numbers and the cash-flow numbers haven't changed. It's more in the detail and we're comfortable that the results that we've put out in the annual report are correct," she said.

"It was incorrect when they lodged the draft with the ASX initially. But the annual report has been through the audit process and that is the correct version."

She said the company did not alert shareholders to the change because the bottom line cash flow number did not change.

But one investor described the change as "bizarre" and "very strange behaviour from a $3 billion company".

The change in the numbers may prompt shareholders to challenge the financial accounts at the annual meeting on October 25.

There are already concerns about the transparency of Allco's accounts, which have hurt its share price in recent months.

Shares fell 7¢ to close at $9.96, yesterday down from a $12.60 high at the end of June.

Investors have been concerned about the mismatch between the cash flow and earnings, with pre-tax cash flow 25 per cent lower than earnings before interest, tax, depreciation and amortisation in the group's latest result, according to analysts at Macquarie Research.
  Forum: By Share Code

ozeb
Posted on: Sep 23 2006, 11:13 PM


Group: Member
Posts: 221

In reply to: oversold on Saturday 23/09/06 10:10pm

I am transferring to Comsec too. My understanding is that my money is still held by HSBC and not Etrade. Anyway, Comsec did a $5k transfer from my HSBC High Interest account OK. I shall check out Comsec and if I like it I shall transfer the rest over.
  Forum: Investment Discussion

ozeb
Posted on: Aug 30 2006, 07:32 PM


Group: Member
Posts: 221

In reply to: mminion on Wednesday 30/08/06 06:46pm

Thanks Matt. Apology accepted without reservation.
  Forum: Off Topic Chat

ozeb
Posted on: Aug 30 2006, 06:05 PM


Group: Member
Posts: 221

In reply to: mminion on Wednesday 30/08/06 05:29pm

Excuse me Matt but if you read my post you will see that I was quoting another poster!
An apology would be nice.
I realise now the commercial realities of life and that HC is not likely to advertise on SC.
I have no more to add.
  Forum: Off Topic Chat

ozeb
Posted on: Aug 30 2006, 05:36 PM


Group: Member
Posts: 221

In reply to: King Baz on Wednesday 30/08/06 04:53pm

Quote "I have never ever ever posted on HC as it is crap and never intend to. It is an insult to ones own intelligence. " Enough said!
Why is HC any different to Hometrader? HC is a specific commercial product also.
I'm full of admiration for any outfit that runs a forum like this on a shoestring including HC. I prefer the standard on this one, BTW.
  Forum: Off Topic Chat

ozeb
Posted on: Aug 30 2006, 05:09 PM


Group: Member
Posts: 221

In reply to: King Baz on Wednesday 30/08/06 04:26pm

It's strange, and a bit disturbing, that there exists a forum here whereby one can rubbish the competition (HC). However, when I politely try to elicit enquiries about Hometrader and people's experiences, my post gets deleted within 5 minutes! Double standards? I wonder how long before this post gets deleted!
  Forum: Off Topic Chat

ozeb
Posted on: Aug 30 2006, 04:49 PM


Group: Member
Posts: 221

In reply to: andyw on Tuesday 29/08/06 08:20pm
  Forum: Off Topic Chat

ozeb
Posted on: Aug 15 2006, 10:13 AM


Group: Member
Posts: 221

Final results out now. Huge growth. A great stock. Why it doesn't mention much here is beyond me!
  Forum: By Share Code

ozeb
Posted on: Aug 14 2006, 05:15 PM


Group: Member
Posts: 221

In reply to: scrimmo on Monday 14/08/06 04:13pm

A nice recovery later today with the share price up 8c for the day. PPT knows a good thing when it sees it. I'm feeling better already.
  Forum: By Share Code

ozeb
Posted on: Aug 14 2006, 01:43 PM


Group: Member
Posts: 221

In reply to: dee27 on Monday 14/08/06 01:08pm

They gave their financial results on 17 July.
  Forum: By Share Code

ozeb
Posted on: Aug 14 2006, 12:25 PM


Group: Member
Posts: 221

In reply to: Halba on Monday 14/08/06 11:50am

He talked about the director selling and said that there was nothing sinister going on. He had had the shares for quite some time. I wouldn't think that he was indispensable.
  Forum: By Share Code

ozeb
Posted on: Aug 14 2006, 12:22 PM


Group: Member
Posts: 221

In reply to: scrimmo on Wednesday 09/08/06 03:50pm

Had a chat this morning with a guy at RCR. He said that there was nothing wrong going on and that business was just the same. He thought that the Downer EDI saga might have had an effect. I shall hold.
  Forum: By Share Code

ozeb
Posted on: Aug 9 2006, 12:32 PM


Group: Member
Posts: 221

In reply to: bigbear on Wednesday 12/04/06 06:04pm

The placement at $2.20 hasn't done the share price any good and it's drifted a bit more since. The latest figures seem to be very good and I don't quite know why the SP isn't higher. The results of Downer EDI hasn't impressed the market and I wonder if this might affect RCR. Anyone have any views?
  Forum: By Share Code

ozeb
Posted on: Aug 8 2006, 08:02 AM


Group: Member
Posts: 221

In reply to: SAM172 on Monday 07/08/06 02:12pm

From The Australian

Net advertising rockets up 59.4pc
Lara Sinclair
08aug06

INTERNET advertising grew by an astonishing 59.4 per cent to $778 million in the year to June, as advertisers reported "disillusionment" with traditional media.

At current growth rates, internet advertising will overtake the $978 million magazine advertising industry by December, according to internet research firm Frost & Sullivan.

General display advertising on the internet, including banner and video advertising, was the fastest-growing sector online in the June quarter, with ad sales rising 32.2 per cent to $76 million.

That still trails the search and directories sector dominated by Sensis and Google, which was up 9.9 per cent to $83 million.

Classified advertising increased by 8.1 per cent to $67 million.

Search and directories was the strongest sector over the 12-month period, up 74.2 per cent to $287.5 million, while display, which grew 60.7 per cent to $247.5 million, overtook classifieds (up 43.8 per cent to $243 million).

Lee Stephens, chief executive of agency Emitch, said online publishers such as Ninemsn, Yahoo7, Fairfax Digital and News Interactive were increasingly focused on video advertising.

Online display advertising would continue to grow strongly as more homes took up broadband internet access, he said.

"There's still strong growth to come, particularly in broad-based advertising such as top-and-tailing video downloads with television-style commercials," Mr Stephens said.

Most publishers, including Ninemsn, Yahoo7, Google - and even the ABC - have foreshadowed online video advertising initiatives in the past month.

Mr Stephens said those initiatives allowed advertisers to book-end downloadable video content with commercials in a similar way to traditional television media buys.

However, he said the jury was "still out" on search engine Google's global click-to-play video advertising offer, announced last month, which allows advertising to be targeted to specific sites or placed on Google's content network.

Finance, communications and computers, automotive and travel continue to dominate online advertising, but Mr Stephens said entertainment and leisure was also showing strong growth.

Meanwhile, the internet is benefitting from "disillusionment" among advertisers with other media this year, according to Paul Fisher, national advertising sales director of News Interactive.

"Clients are not generating significantly additional budgets (to spend online) so the money's got to come from somewhere," Mr Fisher said.

The free-to-air television market shrank by 0.08 per cent in the six months to June, according to figures from industry body Free TV.
  Forum: By Share Code

ozeb
Posted on: Jul 27 2006, 10:59 AM


Group: Member
Posts: 221

In reply to: SAM172 on Thursday 27/07/06 10:22am

Yes, a bit of a nice move today after a period of inactivity. A stock not much affected by the price of oil and other commodities.
  Forum: By Share Code

ozeb
Posted on: Jul 26 2006, 04:15 PM


Group: Member
Posts: 221

In reply to: bello on Wednesday 26/07/06 02:36pm

This is a quote from Lonsec about GPT. Relevent to TIM holders.

Implications
We believe that it is becoming more likely that the government will, to some extent alter the taxation rules governing the MIS industry. The alteration is very likely to have a negative impact on investment inflows and therefore the future profitability of GTP. With the unpredictability of government reviews and the significant risk it poses to GTP’s business, we have increased our beta to 1.8 and dropped our GTP price target by 30% to $2.21.
  Forum: By Share Code

ozeb
Posted on: Jul 26 2006, 03:40 PM


Group: Member
Posts: 221

In reply to: Varmi on Wednesday 26/07/06 02:51pm

That's right! At my age too much excitement might cause me to have a micturition accident!
  Forum: By Share Code

ozeb
Posted on: Jul 26 2006, 03:16 PM


Group: Member
Posts: 221

In reply to: bello on Wednesday 26/07/06 02:36pm

I sold because of the increase in risk. The sp may go up or down and I don't want to even try and second guess. It's more like gambling if I do. I would wait until the sp recovers, if it does.
Do you know how far down the sp might go? No, neither do I! I don't want too much excitement at my age!
  Forum: By Share Code

ozeb
Posted on: Jul 26 2006, 11:51 AM


Group: Member
Posts: 221

In reply to: Varmi on Saturday 22/07/06 05:16pm

It is with some amusement that I came across this news item dated 7 Dec 2005:-


MARKET TALK: CSFB Downgrades Record To Underperform 07/12/05 07:39:00+


0839 [Dow Jones] STOCK CALL: CSFB cuts Record Investments (RCD.AU) to
Underperform from Neutral after recent share price strength. Targets A$8 vs last
trade A$8.78. (LMF)

  Forum: By Share Code

ozeb
Posted on: Jul 26 2006, 11:21 AM


Group: Member
Posts: 221

In reply to: SAM172 on Wednesday 26/07/06 10:31am

Indeed! Mind you, volumes today are not that high. Talk of a resurgence may be a bit premature. The decline of free-to-air TV may have something to do with it. I don't know about you but I spend much more time in front of the computer than TV. If I was an advertiser I'd take note of that.
  Forum: By Share Code

ozeb
Posted on: Jul 24 2006, 11:19 PM


Group: Member
Posts: 221

In reply to: sjlittle on Monday 24/07/06 10:42pm

6 days ago. Relevant to GTP.

MARKET TALK: GSJBW Cuts Timbercorp To Underperform/Hold18/07/06 09:05:00+



0905 [Dow Jones] STOCK CALL: Goldman Sachs JBWere cuts rating on Timbercorp

(TIM.AU) to Underperform/Hold from Outperform/Buy following recent due diligence

on TIM and industry as a whole. "In summary, we believe both the economic model

and industry structure...is unsustainable." Cuts TIM valuation to A$3.48 from

A$4.36. Stock last at A$3.61. (LMF)







  Forum: By Share Code

ozeb
Posted on: Jul 24 2006, 04:11 PM


Group: Member
Posts: 221

In reply to: ozeb on Friday 21/07/06 05:30pm

Did you all see this:-
MARKET TALK: GSJBW Cuts Timbercorp To Underperform/Hold
18/07/06 09:05:00+



0905 [Dow Jones] STOCK CALL: Goldman Sachs JBWere cuts rating on Timbercorp

(TIM.AU) to Underperform/Hold from Outperform/Buy following recent due diligence

on TIM and industry as a whole. "In summary, we believe both the economic model

and industry structure...is unsustainable." Cuts TIM valuation to A$3.48 from

A$4.36. Stock last at A$3.61. (LMF)



  Forum: By Share Code

ozeb
Posted on: Jul 21 2006, 06:00 PM


Group: Member
Posts: 221

In reply to: ozeb on Friday 21/07/06 05:22pm

Also:-
Managed investment schemes under review

By Neroli Roocke, Jane Paterson

Monday, 03/07/2006

The Australian Tax office plans to check about 20 per cent of tax-effective investment schemes to ensure product rulings are followed and the Federal Agriculture Minister has also expressed concerned about what are known as Managed Investment Schemes.

Traditionally these evolved in tree plantation projects, where small blocks of trees in large plantations are sold to individual investors. But it seems some investment companies are moving toward putting money into projects which are in direct competition with the average family farm operation and it has some grower groups feeling nervous.

Mangoes, macadamias, olives, oranges, grapes, tomatoes, if you've got a horticultural menu item and a few thousand to invest, there's sure to be an MIS, Managed Investment Scheme for you. Many city-based income earners are attracted by the 100 per cent tax deductibility the year they invest, although David Ikin from the agribusiness investment manager Great Southern Plantations insists that's not the only reason for going in.

Great Southern Plantations has in the past two months sold $41 million worth of investments in vineyards and olive groves. It's one of the bigger firms to have diversified away from timber and part of a move to establish an industry peak body. It's the tax deductibility that most concerns Rod Dalton, chairman of Avocados Australia. He is concerned investors can result in oversupply withy investors only interested in the tax deduction and not the long-term future of the industry.

The Federal Agriculture Minister Peter McGauran says he is concerned about the potential distortionary effects of MIS on agricultural sectors and rural communities. He says the Tax Office and the Treasurer are currently looking at the Tax Act to see if there is an advantage for MIS. He says its a separate review to any consideration of forestry schemes and there is no time line.

In this report: Rod Dalton from Avocados Australia; David Ikin, Great Southern Plantations; Peter McGauran, Federal Agriculture minister.
  Forum: By Share Code

ozeb
Posted on: Jul 21 2006, 05:52 PM


Group: Member
Posts: 221

In reply to: Sinner on Friday 21/07/06 03:34pm

From The Age 3 days ago.

Farming body blasts investment schemes
Philip Hopkins
July 18 2006

THE National Farmers Federation has attacked managed investment schemes for allegedly distorting agricultural markets and undermining agriculture's investment reputation.

In a submission to the Federal Government inquiry "Proposed Taxation Arrangements for Plantation Forestry", the NFF pressed for the MIS debate to be broadened.

NFF vice-president Charles Burke said the inquiry should deal with the MIS structure and the huge expansion of non-forestry MIS, which had grown from 31 per cent to almost 50 per cent in the past year.

"Decisions to invest in MIS are largely based on the tax deductibility of the investment, not long-term profitability," he said.

"Therefore, NFF is concerned that commodity markets and land values are being distorted."

Mr Burke said MIS had encouraged investment in industries based on unrealistic and unsustainable price expectations.

This had created an over-supply of certain commodities and a distortion of basic market signals

"NFF supports the provision of direct and transparent mechanisms that provide targeted assistance to those sectors that require help in managing risk," he said.

But Mr Burke said MIS had had a huge impact beyond their original intent. There was also a lack of publicly available data on the performance of MIS, their cost structures and real rates of return.

Mr Burke said MIS could damage agriculture's reputation for urban investors because real rates of return continued to underperform against the promoters' projections.

Tim Lee, research manager at Australian Agribusiness Group, said Australia was lagging behind the rest of the world, particularly the US, in corporate farming.

"MIS are another form of corporatisation. They need to get larger to be competitive on the international stage, but MIS are part of that process," he said.

A spokesman for Timbercorp, a leading MIS company, said MIS constituted only 2 per cent of agricultural production.

"We do not believe that MIS are responsible for effects on land and commodity prices, as is suggested," he said. The spokesman said agriculture had benefited enormously from MIS.

The Federal Government has extended the MIS scheme until 2008 and will make a decision on its future based on the current inquiry.
  Forum: By Share Code

ozeb
Posted on: Jul 21 2006, 05:51 PM


Group: Member
Posts: 221

In reply to: david_j_c on Friday 21/07/06 05:12pm

From The Age 3 days ago.

Farming body blasts investment schemes
Philip Hopkins
July 18 2006

THE National Farmers Federation has attacked managed investment schemes for allegedly distorting agricultural markets and undermining agriculture's investment reputation.

In a submission to the Federal Government inquiry "Proposed Taxation Arrangements for Plantation Forestry", the NFF pressed for the MIS debate to be broadened.

NFF vice-president Charles Burke said the inquiry should deal with the MIS structure and the huge expansion of non-forestry MIS, which had grown from 31 per cent to almost 50 per cent in the past year.

"Decisions to invest in MIS are largely based on the tax deductibility of the investment, not long-term profitability," he said.

"Therefore, NFF is concerned that commodity markets and land values are being distorted."

Mr Burke said MIS had encouraged investment in industries based on unrealistic and unsustainable price expectations.

This had created an over-supply of certain commodities and a distortion of basic market signals

"NFF supports the provision of direct and transparent mechanisms that provide targeted assistance to those sectors that require help in managing risk," he said.

But Mr Burke said MIS had had a huge impact beyond their original intent. There was also a lack of publicly available data on the performance of MIS, their cost structures and real rates of return.

Mr Burke said MIS could damage agriculture's reputation for urban investors because real rates of return continued to underperform against the promoters' projections.

Tim Lee, research manager at Australian Agribusiness Group, said Australia was lagging behind the rest of the world, particularly the US, in corporate farming.

"MIS are another form of corporatisation. They need to get larger to be competitive on the international stage, but MIS are part of that process," he said.

A spokesman for Timbercorp, a leading MIS company, said MIS constituted only 2 per cent of agricultural production.

"We do not believe that MIS are responsible for effects on land and commodity prices, as is suggested," he said. The spokesman said agriculture had benefited enormously from MIS.

The Federal Government has extended the MIS scheme until 2008 and will make a decision on its future based on the current inquiry.
  Forum: By Share Code

ozeb
Posted on: Jul 20 2006, 07:09 PM


Group: Member
Posts: 221

From Lonsec:-
AFG FY06 Result – We expect significant earnings growth from AFG (formally RCD), with adjusted standalone FY06 NPAT of
$94.9M and with EPS up nearly 50% on FY05. AFG’s forecast FY06 NPAT has already been flagged by the company in its
explanatory memorandum published on 2 May 2006. AFG has also confirmed that its final dividend for FY06 is likely to be in the
range of 20 cents to 23 cents per share. The merger was effective 1 July 2006. Our focus is now on the merged group’s future
performance, and we expect AFG to produce strong growth across all core business areas. We have forecast a strong EPS
performance for FY07 based on the merged entity delivering strong earnings growth. AFG’s share price has surged ahead since just
before the merger vote on 9 June 2006. We upgraded our recommendation to BUY in June 2006 and believe the merged entity has
bright growth prospects.

(Looks good.)
  Forum: By Share Code

ozeb
Posted on: Jul 19 2006, 12:07 PM


Group: Member
Posts: 221

In reply to: jockyboy on Wednesday 19/07/06 11:27am

That doesn't explain the drop in GTP though. And the SP slump started a few days ago.
Shaw Stockbroking gave TIM the thumbs up this morning with a short term Buy and long term Outperform.
  Forum: By Share Code

ozeb
Posted on: Jul 18 2006, 09:12 AM


Group: Member
Posts: 221

In reply to: The_Trader on Saturday 08/07/06 05:59pm

Anyone know what is happening at TIM (and GTP for that matter)? The SP of both stocks has been taking a tumble recently although FEA has been unaffected. I always thought that TIM was the best of all MISs.
  Forum: By Share Code

ozeb
Posted on: Jul 5 2006, 09:25 AM


Group: Member
Posts: 221

Considering the stellar performance of CPB it's rather strange that there is very little interest on bulletin boards.
A week or so ago there were hardly any sellers and at one point there was only one. Now, there are not many buyers and the sellers are queueing up. It seems that profit takers have been waiting until the start of the new FY. I can understand. I have done very well especially with the rights issue at $9 in Dec last year. Beats working for a living every time.
  Forum: By Share Code

ozeb
Posted on: Jul 1 2006, 07:12 AM


Group: Member
Posts: 221

In reply to: Zaitech on Thursday 29/06/06 10:00pm

Keep doing more of the same. I made 39% this year so I must be doing something right. Also,:-
1. Stay clear of stocks that don't pay a dividend.
2. Ignore the Senetas thread on HC.
3. Generally avoid too much direct exposure to the resource stocks. Indirect feels safer to me eg RCR Tomlinson and similar stocks.
4. Buy the Alan Jones biography when (and if) it comes out.
and, most importantly of all
5. Don't be afraid to enjoy my profits!
  Forum: Investment Discussion

ozeb
Posted on: Jun 29 2006, 11:06 AM


Group: Member
Posts: 221

In reply to: ty.webb on Wednesday 24/05/06 08:57am

Anyone know why the share price is diving? Not looking good.
  Forum: By Share Code

ozeb
Posted on: Jun 16 2006, 09:21 AM


Group: Member
Posts: 221

PROFIT UPGRADE – FY2005/06 GUIDANCE
Candle Australia Limited advises that subject to June trading and any unforeseen circumstances, the full year net profit after tax (NPAT) for the year ending June 30, 2006 is expected to increase by over 60% to approximately $11.6 million.
The result reflects solid organic growth across the whole business and strong results from the recent acquisitions.
The outlook for the business and demand for our services remains positive.
Final audited accounts are expected to be released towards the end of August, 2006
The Board of Candle Australia Limited also advises the decision to discontinue the discount on the Dividend Reinvestment Plan (DRP), effective immediately.
  Forum: By Share Code

ozeb
Posted on: Jun 13 2006, 10:13 AM


Group: Member
Posts: 221

In reply to: motorway on Monday 12/06/06 02:28pm

EMI is preventing my portfolio from going backwards today. I have 3 stocks in green territory in an otherwise bleak day. EMI must be one of my best picks. I must, howver, know when to sell and that is my weakness.
  Forum: By Share Code

ozeb
Posted on: Jun 8 2006, 01:47 PM


Group: Member
Posts: 221

In reply to: motorway on Tuesday 06/06/06 03:15pm

This has to be good for EMI surely. Another good day for the stock today too.
(I tried to post this on hc but there appears to be a profanity here somewhere, would you believe.)

$878m on table for broadband

08jun06

THE Federal Government has called for expressions of interest in using an $878-million fund for keybroadband projects.

Communications Minister Helen Coonan said today she wanted to hear from companies, as well as local and state governments, on possible projects to be funded under the Broadband Connect program.

"There is a unique opportunity to use a substantial proportion of these funds to leverage private investment in Australia's regional broadband networks and improve access to broadband services across the country," Senator Coonan said.

Senator Coonan said she hoped the projects would link with other government subsidised projects under the $1-billion Connect Australia program – a fund which came out of talks with the Nationals to ensure the passing of laws allowing the full sale of Telstra.

She said the projects would also need to ensure fair and reasonable wholesale access and competition at the retail level.

The expressions of interest close on July 14.
  Forum: By Share Code

ozeb
Posted on: Jun 8 2006, 09:39 AM


Group: Member
Posts: 221

In reply to: RobAde on Thursday 08/06/06 08:01am

I think most of us have trouble selling. We usually sell too early when the sp is going up and too late when it's going down. Check out the utterings of Terence Odean as an observer of traders/investors like us. His observations should make us better investors. He notes that we tend to trade too often and would be a lot better off if we didn't! I bought 4000 TOL shares a few years ago at $2.40 each before the split. If I still had them they would be worth around $300,000. Unfortunately, I sold at $8.40. I still made a nice profit which went towards my nice Volvo 850 but I shudder when I think what I could have made.
  Forum: Investment Discussion

ozeb
Posted on: Jun 5 2006, 01:01 PM


Group: Member
Posts: 221

In reply to: balance on Monday 05/06/06 12:13pm

I'm with HSBC and I look forward to what e-trade has to offer. I'm hoping that they will be more prompt with company announcements than HSBC although I admit it probably was an out-sourcing problem they had. On occasions announcements would not appear for a very long time and I have complained about this several times. Also, I'm hoping for historical data which HSBC doesn't offer. I like the Sanford feature of emailing EOD data but don't know if e-trade offer that. The extra research that e-trade has would be nice.
I was on the verge of changing to Commsec but now I will wait and see how things pan out.
  Forum: Investment Discussion

ozeb
Posted on: Jun 2 2006, 09:19 AM


Group: Member
Posts: 221

In reply to: terrine on Saturday 20/05/06 09:21am

I'm wondering if the market has really appreciated the full impact of The Internet Bureau of NZ acquisition. It is expected to add $AU1.2M pa to the bottom line. Considering that the last 6 months profit of EMI was $AU1.621M then that is a significant addition. And EMI say that the purchase will be "strongly EPS accretive". Yet the share price has hardly moved on average.
I note that they will employ 12 staff in NZ. Here in Oz they employ somewhere around 27 staff so the NZ addition is quite significant, it would seem. A large addition to gross billings too.
  Forum: By Share Code

ozeb
Posted on: Jun 2 2006, 07:09 AM


Group: Member
Posts: 221

Morris needs a lawyer, so he grabs the yellow pages and picks out a law firm ---Schwartz, Schwartz, Schwartz & Schwartz.
He calls up and says, "Is Mr. Schwartz in?"
The man says, "No, he's out playing golf."
Morris says, "All right, then let me speak to Mr. Schwartz."
"He's not with the firm any more, he's retired."
"Then let me talk to Mr. Schwartz."
"He's away in Boston, won't be back for a month."
"Okay, then let me talk to Mr. Schwartz."
He says, "Speaking!"
  Forum: Off Topic Chat

ozeb
Posted on: Jun 2 2006, 07:07 AM


Group: Member
Posts: 221

The other day I needed to call home, but the only pay phone I could find was in use. So I stood to the side and politely waited until it was free, thinking it would only be a couple of minutes. Five minutes went by, and still the man was on the phone. He was just standing there, not saying a word. Two more minutes went by, and he still wasn't talking. Finally, I tapped him on the shoulder and asked if I could use the phone. I really wouldn't be long, but needed to make an important call. "Hold your horses," he responded, covering the receiver. "I'm talking to my wife."
  Forum: Off Topic Chat

ozeb
Posted on: May 31 2006, 10:27 AM


Group: Member
Posts: 221

In reply to: rozella on Wednesday 31/05/06 09:45am

Thanks Rozella. Yes, I am aware of the tax office rule. However, I would suggest that they wouldn't mind in the slightest if you paid the tax on it earlier. I had a few LPTs last year and it wasn't practical to split the distribution summary into different tax years. A minefield. My ex-accountant preferred differently to the ATO rule for some reason. I guess most would prefer to follow the ATO advice.
  Forum: Off Topic Chat

ozeb
Posted on: May 30 2006, 10:17 PM


Group: Member
Posts: 221

In reply to: rozella on Tuesday 30/05/06 08:08pm

That's interesting. My accountant would put it into the 05/06 tax year as the final dividend (in most cases) for the year ending 31st June. It's a bit neater that way IMHO and I don't suppose the ATO would mind getting their money a bit earlier. It's bit different for those few companies that have different tax years. I would imagine that either way is OK as long as there is some consistancy in your tax return.
However, (thinking a bit more about it) some companies, especially listed property trusts, issue dividend or distribution summaries which the accountants prefer to see as they include items such as deferred tax and capital gains etc. These are issued well into the new tax year together with the final distribution and it would be one heck of a problem trying to split these summary statements into different tax years. The sensible procedure here would be to use the summary for the one tax year and not play around with it. I hope I've made it clear for you to understand!
  Forum: Off Topic Chat

ozeb
Posted on: May 29 2006, 10:57 AM


Group: Member
Posts: 221

In reply to: gr|ff on Monday 29/05/06 10:14am

Another "feel-good" statement by SEN management that hasn't exactly set the world on fire.
The market doesn't seem to like phrases like "well positioned", "believes the current market" etc. Give us the solid facts about sales and realised profits.
  Forum: By Share Code

ozeb
Posted on: May 12 2006, 05:13 PM


Group: Member
Posts: 221

In reply to: healyn on Thursday 11/05/06 09:09pm
  Forum: Off Topic Chat

ozeb
Posted on: Apr 11 2006, 09:16 PM


Group: Member
Posts: 221

In reply to: dee27 on Tuesday 11/04/06 06:44pm

The current PE is 15.97 vs industry average of 13.05. However, the PEG of 0.21 indictates that the higher PE is justified. There was a report just a few days ago that suggested the resource support industries, such as RCR, MAH, MND and ASL etc had another 2 years of good earnings before a slowdown. That was just one view. Better to be in this type of industry than straight resources, IMHO. Got in too late for my own good, but I am watching out for an earnings downturn.
  Forum: By Share Code

ozeb
Posted on: Mar 28 2006, 10:00 PM


Group: Member
Posts: 221

In reply to: snapper on Tuesday 28/03/06 07:55pm

After paying an arm and a leg to an accountant for years I decided to bite the bullet and develop the skills to manage my own affairs. I have never regretted it. I developed a spreadsheet that sorted out capital gains and losses according to the time I had the shares. I also developed a set of programs that work out capital gains for multiple purchases of the same stock and also multiple sells. Basic stuff really. I avoided DRPs to simplify things but reckon I can do that quite simply now. eTax is useful once you get to grips with it.
Record keeping is the key. I keep a .doc file listing all my share transactions and I update it without fail on every transaction. I also keep a file of dividend payments that I update every time a dividend is paid. Deferred tax, (property trusts) capital returns and capital gains (property trusts again) complicate things but once you get a handle on it all it's quite simple. I would encourage anyone to DIY.
  Forum: Off Topic Chat

ozeb
Posted on: Feb 20 2006, 08:53 AM


Group: Member
Posts: 221

In reply to: pete152 on Sunday 19/02/06 06:24pm

Since the fortunes of SEN are so much tied up with Safenet I tried to do a bit of research on them. I soon realised that I am not an accountant and that there are huge differences between GAAP (Generally Agreed Accountancy Practise) and Non-GAAP financial statements. One gives a P/E of 162.38 and the other a P/E of 19.68. ie Income per share of 16c and $1.33 respectively. This is all available on the Safenet Web site. Anybody know what figures I should be looking at and why? I'm giving up on that one.
At the moment, the market capitalisation of Safenet is $A893M and Senetas $A285M. Safenet bought out Eracom for $A34M and nCypher for $A203M. A takeover of Senetas by Safenet would cost Safenet, say, around $A400M. That would make it a big deal indeed! Likely? I've got no idea.
Safenet revenues in 2005 were $A356M and Senetas had revenues of $A11.6M last FY. Interesting figues which leave me a bit perlexed about the valuations of Safenet and SEN.
  Forum: By Share Code

ozeb
Posted on: Feb 19 2006, 06:12 PM


Group: Member
Posts: 221

In reply to: bello on Sunday 19/02/06 03:40pm

Thanks Bello. I will take you at your word. We are all out to make serious money here and I am grateful for your views. Like you, I must accept the fact that your tipster could be wrong. In that case we can all lick each others' wounds, move on to the next SEN-like stock and be a little wiser. Our biggest problem right now is knowing when to sell.
  Forum: By Share Code

ozeb
Posted on: Feb 19 2006, 07:48 AM


Group: Member
Posts: 221

In reply to: bello on Saturday 18/02/06 10:41pm

Thanks Bello. I'm not having a go at you but I guess many of us are trying to establish the credibility of your tipster, not so much yours. I fully understand your predicament, but there is a lot of money at stake here.
I certainly won't be discrediting you should the tip be wrong, presuming you have acted in good faith and judgement (and only you know that).

I shall act accordingly.
  Forum: By Share Code

ozeb
Posted on: Feb 18 2006, 08:41 PM


Group: Member
Posts: 221

In reply to: bello on Saturday 18/02/06 07:20pm

"If I read this on a chat room, I'd be thinking "oh no, another shonky tipster ramping their shares.""

Er, yes, too right! Maybe you could tell us how well connected your tipster is.
  Forum: By Share Code

ozeb
Posted on: Feb 13 2006, 08:30 PM


Group: Member
Posts: 221

In reply to: bloodclot on Monday 13/02/06 05:27pm

Yes, I agree. I am considering selling tomorrow and taking good profits.

Quote:-
However, GroPep continues to rely on one “blockbuster” biopharmaceutical for
the majority of its revenue. While the global revenue of this product continued to
grow during 2005, the growth in recent quarters has slowed considerably.
“GroPep’s reliance on this one biopharmaceutical represents a significant risk
and as such the Company is exploring options to mitigate the risk,” Mr Finder
added.
  Forum: By Share Code

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