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Morning all,

Another barn storming session on overseas markets will spew out onto ours today.US was better propped up by corporate deals…seems M&A activity is back in a big way..Investment banks must be making out like bandits at the moment..another reason to buy Macquarie I reckon..Zombieland rallied as hopes that the Ukraine will join the club,get bailed out, avoid Russia invading and send free gas to Germany forever was enough to send stocks higher especially in the Ukraine where they had their best day since 2010 soaring an easy 15%…got a new Central Bank chief too….seems the cavalry is coming to save them from the evil clutches of RasPutin…long way to go  though and could get messy..

kiev_2831360b

So as we enter the final furlong of reporting season downunder it’s safe to say that it’s been ok..the market can continue to push higher backed by the numbers so far, in fact if we chuck in a little sizzle of takeover premium we could be in for a good time…thought we might pull back a bit but bad news is being ignored, especially in the US,and with little alternative to high dividend paying blue chip stocks it game on..looks like we will see 5600 I suspect before we pause and take a look around…banks and material stocks will lead with industrials geared to the housing markets and service industries also doing well..

Gold also had a great night last night which is surprising as it usually goes the other way..not complaining though as have a few guys long NCM etc…anyway expect some moves up today in the sector..will look big but they are coming off a low base still…BUT Iron ore got trashed to below $120 for the first time for a long time..will not help the big miners at all…

Reporting today

Atlas Iron

AV Jennings

AWE

Cabcharge

Charter Hall

Flight Centre

Hutchison Telco

Independence Group

IOOF

Oil Search

QBE

Ramsay Health

Specialty Fashion Group

Idea of the Day

 

Now we have all gone to the good bottle shops and cast a loving eye over the dusty bottles with names like St Henri and Grange…wouldn’t it be nice to own the company..as Victor Kiam used to say I liked the product so much I bought the company..I believe that in this current easy money and takeover frenzy TWE are in the sights of someone…plenty of big drinks companies out there would be interested in their stable of brands..I know I am…missed the very bottom but think there is mileage in this one..crikey if people saw the value in Billabong there must be!!!US business is a problem at the moment and they need to sell some of the unperforming brands and now they have a 38m buck war chest to promote brands in the US so that will help…yield is ok at around 3.4% and the P/E is undemanding at around 12/13…one for the takeover pile…

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Things to make me go mmmmm!!!

“Generally you don’t see that kind of behaviour in a major appliance”.RIP Harold Ramis Ghostbusters.Genius!

Six year highs in Zombieland…despite German numbers not so good…HSBC numbers disappointing and Volkswagen down too…Uk looking to go through 7000 and Germany pushing 10,000!!

Rumours now that QAN are going to sack 5000 people to cut costs..here’s an idea..cut all of them and that will save you a fortune Alan! I reckon John Borghetti must be going home every night not believing his luck to have such an inept competitor…by the time Joyce finishes QAN will look like Easy Jet!No reason now to fly with these guys at all as they are so bad …give me Singapore or Cathay anyday..

Best news of the day..Residents of Atlanta, Georgia have launched a petition to stop Justin Bieber from moving to the city. The petition, which currently has over 200,000 signatures, calls on the White House to revoke the Canadian pop star’s green card and remove him from the US. According to US Government protocol, once a petition has over 100,000 signatures, it must be reviewed by White House staff.

Another good result.. The country’s largest private hospital operator Ramsay Health Care has upgraded its earnings guidance for the 2014 financial year after reporting a 14 per cent rise in net profit to $157.8 million.

QBE looks nasty at first glance…move along nothing to see here.. QBE’s insurance profit fell 33 per cent for the year to $US841 million, and the group’s overall result was in line with its December market update.

Myer chairman Paul McClintock has conceded that his group may have to offer more to get a merger with David Jones over the line, but only if a joint number-crunching exercise finds that more value might be created than first thought.

Newly listed credit check agency Veda Group reported a statutory loss after tax of $12.5 million due to the costs of its December 6 float and pre-IPO financing costs for the half year to December 31.

Rumours surround FXJ that they are going to float off Domain at some stage..stock is nearly $1.00..did write some time ago that I liked this one..few of you even listened…always though the sum of the digital parts was far in excess of what the market had valued the business at..if they could only get their digital strategy right…heading in the right direction now…finally..stick with it true believers!

Coffee extended a rally in New York, rising 4 percent to lead commodities higher, as dry weather may cut output in Brazil, the world’s largest producer. The drought could potentially push the global coffee market into its first shortage in four years. Sugar advanced 3.6 percent.

U.S. natural gas turned lower, sinking 11 percent after rallying as much as 5.8 percent to the highest level since December 2008…..better weather ahead apparently.Phil has spoken..Groundhog Day

And finally cos I know you love it……

 

The Geography of a Woman

 

 

Between 18 and 22, a woman is like Africa . Half discovered,

half wild, fertile and naturally Beautiful!

 

Between 23 and 30, a woman is like Europe . Well developed

and open to trade, especially for someone of real value.

 

Between 31 and 35, a woman is like Spain . Very hot,

relaxed and convinced of her own beauty.

 

 

Between 36 and 40, a woman is like Greece .  Gently

aging but still a warm and desirable place to visit.

 

 

Between 41 and 50, a woman is like Great Britain ,

with a glorious and all conquering past.

 

 

Between 51 and 60, a woman is like Israel . Has been

through war, doesn’t make the same mistakes twice,

takes care of business.

 

 

Between 61 and 70, a woman is like Canada  …

Self-preserving, but open to meeting new people.

 

 

After 70, she becomes Tibet . Wildly beautiful, with a

mysterious past and the wisdom of the ages. An

adventurous spirit and a thirst for spiritual knowledge.

 

 

THE GEOGRAPHY OF A MAN

 

Between 1 and 80, a man is like North Korea and Zimbabwe; ruled by a pair of nuts.

“I was in the Virgin Islands once. I met a girl. We ate lobster, drank pinaa coladas. At sunset, we made love like sea otters. That was a pretty good day. Why couldn’t I get that day over and over and over?” Which Ramis film?

Have a great Tuesday and enjoy the ride…

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

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