Morning sports fans,
Well ‘twas the day before Budget time and I suspect not a soul will be stirring out there…it’s going to be pretty quiet I suspect…as the Police say when a lorry load of toilet paper goes missing..we have nothing to go on!
Anyway the US powered to another record close on thin volume…there is a bit of trader fatigue out there at the moment and suspect we will continue to see sector rotation out of the tech stars into more defensives as we head into summer..Cannot help but feel that the US is a bit toppy…feel the same here …banks are hardly going to push us higher and resources look stuffed at the moment as Iron Ore tests the 100 level…I still am urging caution…sell in May and go away…no crash no major down movement but just a soft period as we slip towards 5300…stock picking is the key!
So to the budget..nice that politicians are being asked to share our pain…as if that will make it alright…bound to be a few surprises tomorrow…even with more leaks than a Welsh farmer..
Notice any differences?
Idea of the Day-UNS bounce..still like NTC and have LYC on your watch page..
Good to see my UNS bounce 7% on Friday..numbers today..fingers crossed…
NTC continue to push higher..remember I was a big fan of this one at 35 c given they are into the Internet of Things..they have doubled!!in a few months..nice one…still like but would like to see a pullback..first talked about them in December and at length in January …hope some of you jumped on board..
Last week I also talked about LYC..has been a dog and they are raising money at the moment so it won’t blast off just yet but think that as the money raising completes at the end of the month we should see some pressure taken off the stock and they can get on with production..should be no more legal issues and with production improving I would expect this to rebound..buy around 12 cents for a move back to 20 in the next few months..speculative though so don’t put the house on it..
Things to make me go mmmmm!!
As if we needed reminding about this!!! Australians are living in the most expensive G20 economy in the world. A study by the World Bank shows the costs of goods and services in Australia are elevated around the levels of pricey European countries Switzerland, Norway, Denmark and Sweden.
Manchester City won the league and Wurst won the Eurovision song contest…have to say I missed Jedward this year but go Poland…turned on Giro D’Italia afterwards and it’s from Northern Ireland FFS!!!9 degrees and raining…very green and a soft day to cycle in!!
Good to see that two inside traders have been arrested for scamming the FX market with leaked ABS numbers…these guys are numb skulls..really…they should know that no one makes much money in FX or CFDs on FX on these new age platforms..so anyone that does is dobbed in straight away to authorities..whereas the professionals at the banks are too hard to spot..
Ukrainians in the east have voted 90:10 to succeed from Ukraine and next stop Russia…boy did the Russians get booed at Euro..think they should be banned for next eyar ..that would teach them..
London now has a whopping 72 billionaires, nearly double the number residing in New York!
Is it cheap?Is it cheap?
Call ours a crisis Joe….this is a crisis…Japan’s national debt totalled a record-high ¥1.02 quadrillion as of the end of March, up ¥33.36 trillion from a year earlier, the Finance Ministry said.
In a country with a rapidly ageing population ..no immigration and massive social security programs to pay the old people…this is surely going to end in tears…
Still think this one is on someone’s menu…Treasury Wine Estates will revamp part of its Rosemount Estate portfolio for the UK convenience store market to make a play for the estimated £200 million ($360 million) in revenue up for grabs from impulse purchases. Treasury Wine sold a record number of cases in the UK in fiscal 2013 through the convenience or ‘impulse’ channels, driven largely by the strong performance of its Lindemans wine brand.
I saw this over the weekend..now here in Australia we are hung up on roads and our infrastructure build is glacial much like travelling on the M4 but the Chinese who can build a high speed rail network in the blink of an eye (China has completed 11028 km of high speed train network and another 12000 km tracks under construction.) are nothing if not ambitious…now China plans to build an ambitious 13,000 km rail line to operate bullet trains to America through Russia passing through a tunnel underneath the Pacific Ocean to reach the continental US via Alaska and Canada. Apparently it will take two days to reach the US…am I being dumb but cant a plane travel faster..
Inflation data released on Friday in China showed a softening of headline CPI from +2.4% to+ 1.8% in April and with the PPI reported at -2% in April from the prior month reading at -2.3%.
… lowest level since Oct 2012, and leaves room for increased public spending, and lower interest rates….supposedly!
Another bid this morning..IGas Energy offers to buy Dart, values co. at A$211.5m..shares being offered in UK group..bid at around 19 cents depending on exchange rate and price of Igas..
Bechtel Australia, the biggest shareholder in Nexus Energy, has questioned Seven Group chief executive Don Voelte on his performance as Nexus chairman in the lead-up to his resignation and Seven’s subsequent bid. Bechtel chief executive Andrew Greig says the 2c per share bid materially undervalues the company and recent events around Nexus raise questions about how confident ASX investors can be about adherence to corporate governance principals….here! here!…
A very pretty young speech therapist was getting nowhere with her “Stammerers Action Group”.
She had tried every technique in the book without the slightest success. No-one was improving.
Finally, thoroughly exasperated, she said “If any of you can tell me, without stuttering, the name of the town where you were born I will havewild and passionate sex with you until your muscles ache and your eyes water.
So, who wants to go first?”
The Englishman piped up.
“That’s no use, Trevor,” said the speech therapist. “Who’s next?”
The Scotsman raised his hand and blurted out “P-p-p-p-p-p-p-p-p-aisley”.
“That’s no better.
There’ll be no sex for you, I’m afraid, Hamish.”
“How about you, Paddy?”
The Irishman took a deep breath and eventually blurted out ” London .”
“Brilliant, Paddy!” said the speech therapist and immediately set about
living up to her promise.
After 15 minutes of exceptionally steamy sex, the couple paused for breath
and Paddy said …..
Have a great day BDay -1…
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