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Morning sports fans,

Another night where the police are looking for a missing truck load of toilet rolls so they have nothing to go on! US numbers continue to confound the bulls and frustrate the bears..some good, some bad..all weather affected apparently…good housing numbers and $1bn to the Ukraine..things must be good!

Big news of the day is QAN sacking 5000 staff..well done Alan you must be the most unpopular chief executive in Australia…on the one hand you tell the Government how bad things are and give me the money and on the other you say you have a plan…good plan..alienate your entire workforce..in time the only thing left will be the frequent flyer program and no airline to fly on…sorry I am venting but it does make me angry…and I was born in London!!!Still they only lost $252m so not as bad as the market was primed for…on first half revenue of nearly $8bn!!!

qantas1

Expect another day of going nowhere although I suspect that the fall in Iron Ore will knock some of the wind out of the bulls sails…we need a break that’s for sure..it has gone up too far and too fast..nothing goes up in a straight line forever..we NEEED a PULLBACK!!!Gold did last night so expect weakness in the usual suspects!!

World markets all look a little stretched at the moment …failing to bust through a bearish signal I reckon…

Few more results today with

Air New Zealand

Henderson

iSelect

Macquarie Atlas

Nine Entertainment

NRW Holdings

Panoramic Resources

Perpetual

Qantas

Sedgman

Seven Group

Transfield Services

UGL

Idea of the Day- DNA Meeting with Management-Speculative Buy-UNS also moving higher!!

Yesterday I wrote about DNA…stock jumped from 104 to 115…last night we met with management..now to refresh, this one is a casino in Vietnam…more importantly it is on the Chinese border as local Vietnamese are NOT allowed to bet…yet! They are in the process of building and opening a 400 bed casino and 40-50 Baccarat tables plus fruit machines..…no competition for 500ks…the casino will be open in May for a soft opening and then July to be operational..to give you some idea they have built this baby for US$57m…not bad..there is a casino there now as well earning them money plus they have a mobile app biz that they bought and are spinning out…now it is not without risks and I have talked about these ones before at much lower levels and was ignored as I was yesterday…anyway I have no doubt the stock will run hard as they get nearer the open…after that not sure..depends what they get to  but the Genting boys are behind this one so they know their onions…risks..yeah there are a few…one casino in a communist county where gambling is not allowed and a border to cross…BUT the Government has worked out that the revenue is too good to miss and they want overseas investment…the punters in China are not big enough to be VIPs in Macau so they can act the big man in Vietnam..US tried it once I believe..anyway speculative buy as opening looms…any pullback get more aggressive…

 

Oh and by the way my call on UNS that was poo pooed by some, yes you know who you are, is starting to pay off for the true believers..up 6% in the US last night!!!should hit mid 80s today…

Things to make me go mmmmmm!!!

 

Chelsea drew in Europe in the Champions League..away from home in Turkey!!

 

OSH suspended pending a placement and an acquisition..

 

Iron Ore down again…say goodnight rally in RIO,BHP,FMG and AGO etc…looking like it will test the 110 level…may bring our market to a halt!

Great profit numbers from our Kiwi cousins in the airline biz today..see Alan it can be done…but you have just have to work with the people not keep sacking them..hard to do a good job when all around are falling like Gladiators at the Colosseum. Doesn’t help morale which must be terrible…no wonder no one flies on your airline unless they have to…you should do the decent thing and go back to Ireland before there is nothing left to manage and then your job is complete…remember the more jobs they cut the higher the share price will go!!! Gotta love capitalism….

Henderson Group has set an ambitious strategy to double funds under management to pound stg. 130 billion ($240bn) by 2018 as it rolls out a global strategy.

Chinese Yuan remained in focus yesterday, as the currency continued its dramatic weakness of the last few days. Next week is shaping as as a big one in China as they hand down their budget and a few PMI are out…still not entirely sure what the PMI is but it’s important..the recent weakness in Iron Ore may well be some pre budget nerves…

U.S. WARNS RUSSIA TO RESPECT UKRAINE SOVEREIGNTY-This is set to get messy I reckon..Crimea has been before and will be again…Russian troops now on an exercise…said that before they invaded Hungary etc…RasPutin won’t let this one go easy!!I was a bit surprised that the Gold price fell….US has also pledged to give the Ukraine One Billion Dollars..cue Dr Evil!! Should buy some influence.

FBI SAID TO BE PROBING POSSIBLE CRIMINAL VIOLATIONS BY MT. GOX..you don’t say!!!!

Purchases of new U.S. homes unexpectedly climbed in January to the highest level in more than five years, showing underlying strength in the industry even in the midst of unusually harsh weather.Sales increased 9.6 percent to a 468,000 annualized pace, exceeding the highest estimate of economists surveyed by Bloomberg and the most since July 2008.

Over in the UK the two “terrorists ‘that hacked up soldier Lee Rigby have been given 45 years minimum..the one that tried to hack his head off got life…and they mean life..never to be released.

forge

 

And finally….

 

Saturday morning I got up early, quietly dressed, made my lunch, and slipped quietly into the garage. I hooked up the
boat up to the 4WD and proceeded to back out into a torrential downpour.

The wind was blowing 50 mph, so I pulled back into the garage, turned on the radio, and discovered that the weather
would be bad all day.

I went back into the house, quietly undressed, and slipped back into bed. I cuddled up to my wife’s back;
now with a different anticipation, and whispered, “The weather out there is terrible.”

My loving wife of 5 years replied, “And, can you believe my stupid husband is out fishing in that?”

And that’s how the fight started…

Have a good day!!

Clarence

XXXX

 

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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