Morning all,

Lucky few clients listened to my Graincorp recommendation…Not open for Biz it seems!!

Quiet end to the week overseas with the Dow closing at lunch to allow more time for shopping on Black Friday. Seems though that the shoppers were not out in force this year as sales fell 13% as shops opened so early on Thanksgiving itself that people were scrambling out the door to buy stuff even before the Turkey was carved. Fights broke out across the US as consumers scrambled to get that bargain.

Zombieland was quiet too with Spain being upgraded as the Dutch got downgraded, no more AAA for the Dutch..maybe more like XXX..Ukrainian protests gathered pace after the Government’s withdrawal from EU talks..not happy Jan!

Here I would expect a very quiet start to the week …the RBA meets tomorrow for tea and crumpets but there will be no change to rates with the property market lit up like a Xmas tree….the big focus this week will be the forthcoming plethora of IPOs that are going to hit..I have included a quick list of what’s coming up…big ones that everyone will talk about are Dick Smith or Billericay Dickies(and I’m doing very well) and NINE!

Company Ticker

Proposed Listing Date

PS&C Limited PSZ

2-Dec-13

Industria REIT Fund IDR

3-Dec-13

Dick Smith Holdings Limited DSH

4-Dec-13

LifeHealthcare Group Limited LHC

5-Dec-13

Real Energy Corporation Limited RLE

5-Dec-13

Veda Group Limited VED

5-Dec-13

Nine Entertainment Co. Holdings Limited NEC

6-Dec-13

Vocation Limited VET

9-Dec-13

Hotel Property Investments HPI

10-Dec-13

Recall Holdings Limited REC

10-Dec-13

Affinity Education Group Limited AFJ

11-Dec-13

DorsaVi Ltd DVL

11-Dec-13

PM Capital Global Opportunities Fund Limited PGF

12-Dec-13

Orora Limited ORA

18-Dec-13

Elsmore Resources Ltd ELR

19-Dec-13

National Storage REIT NSR

19-Dec-13

Huayi Resources Limited HUA

20-Dec-13

Innate Immunotherapeutics Limited IIL

20-Dec-13

Valence Industries Limited VXL

20-Dec-13

Sandon Capital Investments Limited SNC

27-Dec-13

Idea of the Day

Still like the Iron Ore stocks as we continue to see strength in the underlying price..Chinese numbers over the weekend were slightly better than expected as well…in the big ones..BHP is my favoured..AGO is worth a look..at around 114 have plenty of upside through 1.20 and above…time to get back in!!

Things that make me go mmmm!

Metcash reported this morning with its wholesale sales up 4.8% whilst EBITA declined 6.3% as they had to pay Anh Do for his ads! Increased competition because of discount fule and deflation of grocery lines.Not a stock I like…

Graincorp CEO Alison Watkins has resigned days after Joe knocked back the takeover! Dummy spit?

Tomorrow I am going to spend a morning with On the House..one I have been talking about and will be interesting to see them up close on their investor day…also if anyone is interested in Mortgage Choice I have the CEO coming in this week for a briefing…can always find a spot for interested parties if keen..It is on Thursday around 11.00am…

A booming residential housing market, particularly in Sydney, is firing up mortgage applications at Australia’s banks, with Westpac to enjoy some of its strongest mortgage applications for several years. Brian Hartzer, head of the bank’s Australian Financial Services division, said the high level of activity was part of an overall strengthening in consumer confidence, and reported strength in applications through last week.

Communities across northeast Arnhem Land are demanding to know what assistance will be given to home owners and businesses threatened by the closure of Rio Tinto’s alumina refinery on the Gove Peninsula, amid talk of a class action over broken promises.

Warrnambool Cheese & Butter: Saputo has suffered a significant setback in its $500 million-plus bid for the Warrnambool Cheese & Butter, with the Takeovers Panel last night issuing an order preventing it from processing shareholder acceptances. The order, which follows an application to the panel by rival bidder Murray Goulburn, came as the Canadian group yesterday revealed that it had clocked up acceptances amounting to almost 10 per cent of Warrnambool’s share register.

Seems Obamacare has finally got its web site sorted out only two months after it went live..good effort…you would have thought they would have got it right first time..fought hard enough to get it..

Bitcon has plunged as Gold rallied 1%…not that these two should be connected but it is a coincidence isn’t it..

20131201_BTC

Investors have been pumping money into the US markets at a faster rate than in the 1999/2000 tech boom…punters put in $45bn into mutual funds in the States in the first five weeks of October!!If that continues at that pace we are on for an all-time high in inflows into funds..Must be some very happy fund managers out there at the moment!!So far this year Mum and Dad punters have put in #277bn into those funds…bubble is getting bigger by the day!!

And finally…….short and sweet perhaps but still good…anyone up early can catch me on Sky Biz at 6.30am tomorrow!

Five of the best …

1.  Two antennas met on a roof, fell in love and got married.  The ceremony wasn’t much, but the reception was excellent.

2.  A jumper cable walks into a bar.  The bartender says, “I’ll serve you, but don’t start anything.

3.  Two peanuts walk into a bar, and one was a salted.

4.  A man walks into a bar with a slab of asphalt under his arm, and says “A beer please, and one for the road.”

5.  A dyslexic man walks into a bra

Have a great day

 Clarence

XXX

 

Any financial product advice contained in this email is general financial product advice only and does not take into account any one person’s objectives, financial situation or needs. Therefore, before acting on any financial product advice in this email, you should consider, with or without the assistance of an independent adviser, the appropriateness of the advice, having regard to your objectives, financial situation and needs.

Get a Global take on things at www.ntmarkets.com

Get a Global take on things at http://www.ntmarkets.com

Advertisements