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Mornings sports fans,


A topsy turvy night overseas as Greek negotiations were always on punters’ minds….late breaking news seems to suggest that an agreement has been reached for the Greeks to hand over all their Hummus and Taramasalata to avoid a double dip recession in exchange for a large German Sausage…anyway looks like the bailout plan will continue…or not depending on which report you read….not sure how you bail outy a boat with no bottom in it but there you go…meanwhile here in the land that the rest of the world now forgets, its results season…yay..a time of year when analyst actually do something…usually justify to their bosses why their elaborately disguised guesses are so far off!!!


Big couple of days with CBA yesterday and CSL..both underwhelmed..crikey seemed ok to me..CBA will power back ahead I suspect whilst CSL may have to sit in the naughty corner for a few dollars more…today we have TLS and if anyone is in any doubt about the power of mobile data…this is the result that skewers all those Thomases!!!22% rise in profits to over $2bn…I mean, nice…some punters will be disappointed that they haven’t upped the dividend more than to 15c but there you go,can’t please all the people all the time…but so far the results season has underwhelmed a little..APN may have disappointed some too…but let’s face it after the run the markets have had it would have taken a lot to satisfy the hedge funds..

Oil got whacked again overnight and Iron ore is slipping to below the magic $60 a tonne level..not great news for BHP or the small producers…gold also took it hard but Aussie dollar back to 77.4 c so some relief there..

Expect volatility in individual stocks to continue…if you disappoint prepare to feel the wrath of Kahn..actually that may not be a politically correct thing to say!!!

It’s all about earnings!!

Idea of the Day


MOC gone way better than I thought possible…hit 2.92 yesterday..remember I tipped them at 2.40 only a week or so ago…lovely yield but gone too far..take profits if you haven’t already…it was good to see Mac Bank jump on the MOC bank wagon after I had been banging on about them for days..even on TV…

Here’s one for the punters..every now and then the world gets really really excited about graphite..I mean really excited..I saw a local company that looks like it is doing a pretty good job of finding and producing the stuff..the stock is VXL Valence Industries..impressed with the management and the business plan..if they can secure debt funding to ramp production up it should do well…very speccy and volatile but one to keep an eye out for and if you like Graphite then this seems to be a good way to play it..long term contracts ,increasing production of a strategic metal and does not have the same issues as rare earths!!

Things to make me go mmmmmm!!!

Former head of the IMF Dominic Strauss-Kahn…is this bloke for real…only in France could this be relatively normal..I mean really in order to relax and have some time out, group sex and swinging is the way to go…


Let’s not beat about the Bush!!Fifty Shades opens tonight so expect a queue at Bunnings for chains etc!! Might even help Masters!!!

Good to see High profile(much more so than me!) Charlie up his target range for the year to 5500 to 6000….

Computershare has set its sights on acquisitions to boost growth after posting an 89 per cent drop in half-year net profit to $US15.5 million ($20m) and cutting its full-year earnings-per-share forecast.

A tale of two high flyers…CSL cut its full year forecast from 12% growth to 10% and plummeted 8% yesterday whilst ‘Pizza Disrupter’ Dominos absolutely killed it with huge growth coming from their smart phone app and now over 60% of Pizzas orders by app…it’s been a hellova ride for the Supreme and looks set to continue…lesson there for fuddy duddy retailers everywhere..

Chelsea beat Everton 1-0…yay…the world second biggest single sports event starts this Saturday ..the ICC Cricket World Cup…go Afghanistan!!!Long shot I k now but …..

Seems that most people in this country have totally switched off from the debacle that is Canberra..really …10 MPs walk out of an Adult Government yesterday..plain bloody rude and the debate is where we build submarines..I would have thought the question should be why do we need submarines in the first place…come on explain that one..and the JSF…massive waste of money…threat seems to be coming from IS and extremism rather than our good buddies in China and Asia…let’s face it why would they invade Australia they own most of it anyway!!

Extraordinary… Apple,ended the day yesterday at US$710.7bln, more than twice as valuable as long-time rival Microsoft. Take that Bill…Steve would be smiling!!

Big warning from CBA chief Ian Narev on local economy…Unemployment numbers today at 11.30 and Uncle Fester(Glenn) addressing Politicians tomorrow on the state of the nation….sliding towards a sub optimal economic outcome especially for the have nots…

Transurban delivered a first half net loss of $354 million.The loss was caused by costs related to its $7 billion acquisition of Queensland Motorways’ tollroad portfolio last year.

Excluding $406 million of acquisition costs, Transurban generated a first half profit of $81 million.

Mirvac has benefited from the stronger residential market after reporting a 13.4 per cent rise in profit to $279.0 million for the six months to December.

And finally…


We had a power cut at our house this morning and my PC, laptop, TV, DVD, iPad and my new surround sound music system and ham radio were all shut down.

Then I discovered that my iPhone battery was flat.

I went into the kitchen to make coffee and then I remembered that this also needs power, so I sat and talked with my wife for a few hours.

She seems like a nice person.

Have a great day…



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