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| Code | Last | +/- | |
|---|---|---|---|
| All Ords | 3459.2 |  | -53.9 |
| ASX 200 | 3472.8 | | -50.4 |
| SPI | 3494 | | -57 |
| AUS/USD | 0.646 | | -0.01 |
| NASDAQ | 1483.27 |  | 1.22 |
| S&P 500 | 859.12 | | 8.37 |
| Industrial | 3145.7 | | -91.8 |
| Property | 988.9 | | 17.4 |
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MarketWatch
Stocks lower as short selling resumes
Local markets were lower at lunch despite opening on the front foot. Caution prevailed as regulators lifted the ban on short selling of non-financial stocks.
Headline News
OZ Minerals sees FY08 NPAT decline
OZL said it expected NPAT for FY08 to be lower than that reported by Oxiana and Zinigex in their previous financial periods. OZL said the decline was a largerly due to lower commodity prices.
Fuel pressures REX 1Q results
Regional Express Holdings, reported a 1Q NPAT of $4.8m , down 18.6% from last year's corresponding quarter. A 5.8% rise in quarterly revenue was overtaken by a near 30% jump in fuel costs.
Babcock & Brown narrows focus
BNB said it would restructure to become a specialist infrastructure investment business. BNB said it had commenced talks with its banks about a proposed restructure of its debt facilities.
AWB books 137% FY08 NPAT growth
AWB reported net profit after tax and significant items of $64.3m for full year 2008, up 137% on last year. The company said all three core divisions of the group increased profits.
CSR finalises $315m institutional capital rising
CSR said it had completed a $315 million institutional capital raising. The building products, sugar and aluminium producer said the proceeds from the offer would be used to reduce net debt.
Warrant News
ABN Amro: James Hardie - Prolonged uncertainty
Despite a strong 1H09 result and forecast of ongoing free cash flow strength, the signal from the indefinite suspension of the dividend emphasises outlook uncertainty and the likely trajectory for earnings.
ABN Amro: How to participate in this market
Turning a well known expression on itself, what we are experiencing at the moment may well be considered an 'imperfect storm'.
ABN Amro: Macquarie - 1H09 result out
MQG reported its 1H09 result today. NPAT came in at $604mln. Writedowns were $1.14bln. Dividend came in at $1.45 (80% franked now) and the company expects 2H to be inline with 1H.
Feature
Weekly Feature: The power of geothermal energy
Geothermal energy is one renewable energy source with baseload capacity that is creating some heat across the globe and in Australia. Hot Rock Ltd is leading the charge in sedimentary geothermal development.
Rudis Message: How low is value?
Can you believe there are still plenty of market strategists and other financial experts out there who dare to challenge the view that Australian shares are offering plenty of value by now.
Float Files: Cape Alumina to raise $15m
Cape Alumina Limited has offered 30 million shares at an issue price of 50c per share to raise a total $15 million. Cape Alumina is an emerging independent bauxite company.
Economic News: US pain rises
Bailouts, failures and big losses and job cuts continue to dominate the US as the credit crunch and impending recession damage more and more businesses and boost job losses.
Hot Topics: Why BHP will prevail
As demand for iron ore falls, BHP, as a low-cost producer will prevail.
Off The Chart: Stockradar: Seven (SEV) & Ten Network (TEN)
Why is it we so often fail the stock picking and trading test? In our report today which includes the fallen idols SEV and TEN you will find some vital clues!
Todds Trading Room: Change
This week has been a perfect example of 'feed the ducks while they're quacking' after our market had a very nice little run up. Wall St dropped 5% on Wednesday then another 5% on Thursday and we couldn't stop the sell pressure that hit our shores tsunami style.
Breaking News
Fuel pressures REX 1Q results
Babcock & Brown narrows focus
Snippets Corner: 19 November 2008 - COU, SGP, BKN
AWB books 137% FY08 NPAT growth
CSR finalises $315m institutional capital rising
How low is value?
Cabcharge expects to ride out storm
Why BHP will prevail
POSCO raises Murchison stake
