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Morning sports fans,

Results season continues to dominate. Overseas, the Greece question seems to be receding although they couldn’t even make the deadline for submitting their plans to the money men so not a huge hope..we all know its complete tosh and that they will never pay back the debts they owe..the only way is to default..Iceland is the poster child in that respect(THEY JAILED BANKERS TOO,BLESS, WHAT A NOVEL IDEA!!) but they haven’t the guts to do it..not sure what is going to be different in four months for the Greek economy..except their citizens will have stashed more money under the mattress!!

iceland-9

Meanwhile Zombieland is in a state of denial (not in Egypt!!!) about the state of the Euro trash economy…their markets continue to push ever higher..records fall…reality has left the building but who cares when the free money is flowing…meanwhile in the US they are coming to grips with the weather(guaranteed to knock the GDP number), the rising US dollar, which is hurting the profits of those global behemoths and the falling oil price which is hurting the shale miracle….we get to hear from Yellen (not screamin’) later this week…should prove a mystery as usual…

Here our market is looking to grope towards that 6000 level..volatility of individual stocks is the worse it has been for some years…DO NOT DISAPPOINT…bit like your kids really…anyway those that report good numbers and good outlook are being handsomely rewarded ..others left for dead…

BHP have reported this morning but despite beating the analysts estimates, punters may be underwhelmed by their lack of shareholder largesse as opposed to RIO..maybe BHP thinks it is safe from takeover unlike RIO but a 3c increase in divs and no buy back may not be enough!!Early signs though that he stock will go higher as there is no bad news!!!That’s something I reckon..even signs that the pullback in US oil and gas production from high cost well is having some effect on supply and therefore long term oil prices.

The big question for our market is where to put all the dividend cheques..judging by clients reaction at the moment they are really worried about missing out on the rally..FOMO people…curious how everyone is busting down our doors to buy stuff after it has run 600 points…whatever happened to “Buy Low, Sell High …fear that the other man’s problem…. Nothing you have ever experienced will prepare you for the absolute carnage you are about to witness.”

trading places

Idea of the Day

Yesterday I had a lunch time briefing with a Aussie Biotech called Cynata (CYP).Now Aussie Biotechs have not got a very successful history, much like mining services and junior explorers really but this one looks interesting…it has run hard on the recent announcement of proof of concept from lab to manufacturing but still looks very promising…not for the feint hearted as it traded between 78 and 1.02 yesterday(!!!) but still …

Now with biotechs, there are three components to the story…does it work?…what are the side effects ? and can it be made?..well the good news for this one is that it does not have to tick the first two boxes as they use other stem cell companies work and they just manufacture stem cells…so there is no risk on them for failure or side effects..it is all about manufacturing process..the recent announcement that they have proved they can manufacture stem cells very cheaply and very effectively is a game changer for the stock and has been reflected in the shares running from 40c to a buck and back to 85…suspect there may be some more loose stock to come out but the  guys are impressive,doing a roadshow and the story will spread…they are looking at some trials and licencing deals with the big pharmas….exciting space, Stem Cell treatments could be the elixir of life..Japanese Government is fast tracking it and these guys can make the stuff…could be really good…this is SPECULATIVE and requires a good respect for volatility!

Also having taken profits in MOC at 290-300 the stock fell away to low 280 and maybe time to revisit…

Things to make me go mmmmm!!!

England beat Scotland at Cricket….TFFT!

help me

How many flags can our Tone cover himself in…strange considering some believe he still holds a UK passport..

Can anyone explain why we need Submarines!!!Isn’t our biggest threat from Terrorists..aren’t we mates with China and Japan etc..PM has told us we must be really scared of terror…Alarmed now way past alert…

Scary chart..thanks www.zerohedge.com Most indebted nations!!!And we think Greece is the only problem child!!!!!Australia Number 23..not even trying!!!

Global debt to gdp

Manufacturing activity across Texas and surrounds deteriorated sharply in February with the Dallas Fed manufacturing index sliding to -11.2.

Scary thought 15% of the stock of TOL had been shorted pre the bid..few burnt fingers out there?

Wesfarmers, Origin Energy, Bendigo Bank and AGL trade ex-dividend. Telstra tomorrow…

Packaging company Orora has shown former parent Amcor a clean pair of heels, increasing underlying net profit by 23 per cent to $69.1 million in the December-half.

Spotless Group declared its first dividend since returning to the ASX as it reported a 23.6 per cent rise in pro forma profit to $60.2 million.Spotless was listed by private equity firm Pacific Equity Partners in a $1 billion float last year.

QBE results look ok..US operation turned around.. insurance profit margin of 7.6 per cent, with profit up $US1 billion on the prior year. QBE’s revenue fell 6 per cent to US$18.23 billion, while its final dividend increased to 22c per share.

Breville looks toast as negative consumer confidence hits markets… Net profit fell 4.9 per cent to $29.7 million for the six months ended 31 December 2014, while total revenue fell 5.6 per cent in the first half.

Some OPEC member countries are talking “Emergency Meeting”!

Apple has put on $100bn of market cap in February!!!

And finally……a taste of terrible puns…will bring a few out every day!!!

Jokes about German sausage are the wurst.

 

I know a guy who’s addicted to brake fluid, but he says he can stop any time.

 

I stayed up all night to see where the sun went, and then it dawned on me.

 

 

So having suffered, here is a goody…

 

Barry returned from a  doctor’s visit one day and told his wife,

Carolyn that  the  doctor said he only had 24 hours to live.

Wiping away her tears, he asked her to make love with  him.

Of course she agreed  and they made passionate love.

Six hours later, Barry went to her again, and said, ‘Honey, now I

only have 18 hours left to live maybe we could make love again?’

Carolyn agreed and again they made love.

Later, Barry was  getting into bed when he realized he

now had only eight hours of life left.

He touched  Carolyn’s shoulder and said,

‘Honey? Please? Just one more  time before I die.’

She agreed, then  afterward she rolled over and fell asleep.

Barry, however, heard the clock ticking in his head, and he  tossed

and turned until he was down to only four more  hours.

He tapped his wife on the shoulder to  wake her up. ‘Honey, I only

have four hours left! Could  we…?’

His wife sat up  abruptly, turned to him and said,

‘Listen  Barry, I’m not being funny…

..but I have to get up in the morning and you don’t.’

Enjoy your day

everything is awesopme

 Clarence

XXXXX

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