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Morning all,

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First up sports fans, TLS has announced this morning a  9.7 % increase in profits ,guidance maintained and a Dividend increase!!!Ok its only 0.5c but it’s something..good stuff TLS…should cheer the market. A little anyway!

 

Great run continued yesterday for our market heartened by the power house banks and the unexpected Chinese economic numbers yesterday. So far reporting season has been ok…the good one always come first…have been a few shockers but generally its ok…we got so used to shockers in the run up to the season that we expect it…anyway here we are at 5310 having touched 5062..what a difference a Fed makes!

Expect a  more modest day today as we digest news and the move up…Iron ore was a buck better so that will help. Gold also in demand so maybe NCM will reverse the falls of yesterday…we can only hope…

Interestingly all the Central banks appear to be singing from the same sheet..things are improving but not out of the woods by a long shot…what does this mean…rates lower for longer! Equity markets will continue to be the place to put money…use volatility to build positions in quality stocks ..oh and tomorrow I will teach you how to suck eggs!

Get used to more volatility this year…not going to be a one way street…

 

 

Ideas of the Day

 

Todays’ earnings will come from ASX Ltd, Goodman Group, GPT Group, Paladin Energy, Rio Tinto, STW Communications, Transurban Group, Telstra Corp.

Aussie dollar has been on the tear ever since the RBA meeting at the beginning of the month as the punters got caught short expecting more rate cuts….really…didn’t they get the memo that the Adults are now in charge in Canberra…with Tony and his secret society of Illuminati now firmly in control and confidence returning …mainly because we are all so in the dark about his vision for anything…low rates are helping consumer sentiment and business a like…unless you are in manufacturing..so expect the Dollar to edge back down again..I do not believe we will see any more rate cuts but hold for the rest of the year…punters and economists will call it up and down just so they can trade …

In stocks….my latest rave about UNS has not been too successful yet as they are suffering a bit as the dollar has increased..they do present at a conference in the next day or so ,hoping that will help them along…

GEM are going really, really well and those that hold should continue to do so as they head towards $4.00.

New ideas? Bueller?Bueller?Anyone?

 

 

Things to make me go Sochi!!!!

 

Go Torah!….the top girls are just a mile above the rest of the pack…congratulations to Torah Bright on her Silver…bloody inspiring stuff…that half pipe takes no prisoners.

 

Gold has risen again overnight to a shade under $1300…good stuff..everyone was so bearish…

 

Man Utd Drew with Arsenal! Yay!!

 

UK floods have even taken their toll on football matches…jeez it must be bad! An “unparalleled natural crisis”.Gonna cost big time..no wonder Carney is going to keep rates low forever!!

 

No surprises here from GPT…it has recorded a  net profit for its 2013 annual result of $571.5 million.The result is a near 4 per cent slide on the landlord’s 2012 net profit, however, realised operating income, earnings per security and distribution all increased.

Transurban Group said its first-half net profit was little changed on the year-earlier period at $81 million as revenue edged 2.3 per cent lower to $571.88 million.

 

AGL Energy’s: targeted $1.5 billion takeover of Macquarie Generation is set to reap immediate benefits in earnings and turn the utility into the country’s largest, lowest-cost power producer.

Online travel group Webjet has reported a 60.3 per cent rise in first-half profits to $9.1 million and declared a fully franked interim dividend of 6.25c a share after reporting expanding margins during the period

Lots of rumours and stuff swirling around QANTAS again…I reckon if the Government really wanted to help them they should revoke Alan Joyce’s Visa! Put him of Temporary Protection!

 

Good to see the IMF talking the Aussie dollar down too…maybe Lagarde wants to come here for her holiday!!

 

Forge Group gone!. loses projects, 1,300 employees retrenched, administrator Ferrier Hodgson says in e-mail; to be removed from S&P/ASX 200 Index after close of trading today.

Porsche expects to hit a target of selling more than 200,000 sports cars next year, three years earlier than originally scheduled, as the brand keeps pushing into sport-utility vehicles, Chief Executive Matthias Mueller said.

China’s trade surplus jumped to $31.9bn (£19.4bn) in January, easing concerns the world’s second-largest economy may be stuck in a slowdown.The figure was up 14% from a year earlier and stronger than forecasts for a $23.7bn surplus.

In the US Mortgage applications have hit a 19 year low…

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Over in the UK, Mark (circus ) Carney has upped his growth forecasts but said the recovery is not secured yet and will not just rely on Unemployment numbers to decide on interest rate policy..he will also use tea leaves and his astrology sign.

And let’s face it we always knew the Digital Tulips(gonna copyright that one!!!) or Bitcons were a bit of a joke… Three online exchanges for the bitcoin virtual currency have suspended conversions into state-backed currencies, saying they are under attack from hackers suspected of trying to create fraudulent transactions…price of this digital doozy has plunged in recent days…$604 ..was over 1000 a few days ago!!!

And finally…..

A bloke walks into a bar in New Zealand and orders a shandy.

All the Kiwis sitting around the bar look up,  expecting to see another Australian visitor.

The barman says, “You  ain’t from around here, are ya?”

The guy says, “No, I’m from Canada ..”

The bartender says, “What do you do in Canada ?”

The guy  says, “I’m a taxidermist.”

The bartender says, “A tixidermist? What the hick is a tixidermist?

Do you drive a tixi?”

“No, a taxidermist doesn’t drive a taxi.

I mount animals.”

The bartender grins and yells,

“He’s okay boys. He’s one of us.”

 

Have a great day

Clarence

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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

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