Investing on the ASX

Leigton Cuts profit forcast

Published on 2009-05-14 17:54:00

AUSTRALIA'S biggest construction company, Leighton Holdings (ASX:LEI), has cut its profit forecast by 10 per cent after slashing the value of toll-road and infrastructure investments. Leighton shares fell more sharply than they had in more than a month, down 8.5 per cent to $22.26, after the group announced that after-tax profit was down 41 per cent for the first nine months of the financial year.The company said full-year profit would be about $430 million, compared with its February forecast o

CSR wary on outlook after $326m loss

Published on 2009-05-13 17:53:00

CSR Ltd (ASX:CSR) has emerged from its worst financial performance on record unwilling to provide shareholders with guidance on its prospects in the next year because of the uncertain economic climate.The company yesterday reported a thumping $326.5 million loss in the year to March 31 after restructuring costs, asset writedowns and the impact of the slowdown on its key building products operations. The loss represents a huge turnaround on a previous profit of $177.4 million. CSR managing direct

Back ...

Published on 2009-05-13 17:27:00

Well its been a while but the market is back to a spot where we can start looking at it fundamentally again.There are lots of stocks out there that need to be looked at so I'lls tart looking through the news again.Good luck

Melbourne Cup selections

Published on 2007-11-05 00:44:00

Well I know I haven't posted in a while but that is becasue I have been concentrating on my other hobby which is horse racing. There are good parrallels between the two topics of sharemarkets and horse racing.Anyway I thought I would post my selections here :Zipping and Master Oreilly are going to be hard to beat. Princess Coup is my other selection. I suspect it will be one of these horses who takes it out.Throw in Gallic and Purple Moon and Tugsten Strike for the exotics.Good Luck

Do you believe it can happen ?

Published on 2007-09-24 21:10:00

According to NLP (Neuro Linguistic Programming), your behaviours in an activity are affected by the beliefs and values you have associated to it. As an example, say you want to become better at public speaking (behaviour) and you take some classes, but despite all the training, deep down you don't believe you are any good at public speaking, then when it comes around to standing up to speak, your body will respond to your beliefs and your voice will waver, etc. Then, when you get some feedback,

Short Listed Companies for Consideration

Published on 2007-09-17 21:34:00

here is a List of a few companys I think people should take a look at :ASX: KRS - Kresta Holdings Limited running at a PE of 9.11. Current Prince 30c.ASX:MCP - McPherson's Limited running at a PE of 9.57. Current Price $3.23ASX:RHD - Ross Human Directions Limited running at a PE of 9.52. Current Price 60cASX:AHD - Amalgamated Holdings Limited running at a PE of 12.67. Current Price $6.59ASX:CMV - CMA Corporation Limited running at a PE of 9.99. Current Price 50cASX:MXI - Maxitrans Industries Lim

Published on 2007-09-17 21:21:00

The US sub-prime mortgage crisis has prompted the Australian Government to consider tightening regulation of the nation's lenders. A parliamentary committee has identified a need for stronger regulation of the lending sector, to ensure that predatory lenders do not cause a liquidity crisis in Australia. The committee has recommended giving the Australian Securities & Investments Commission the power to prosecute predatory lenders who prey on vulnerable consumers. The mortgage industry has we

SIMS to explore offshore

Published on 2007-09-17 21:18:00

Australian scrap metal recycler, Sims Group, is discussing opportunities for overseas expansion. The company provided no details on discussions with prospects in Europe and North America. On 17 September 2007, it said that profit for the first quarter of 2007-08 was not likely to be above $60 million, a decline of 12 per cent. It expected strong metal prices to lift profit in the second quarter. Its share price fell by $A1.13 to $A32.01SIMS has a good dividend yeild but is still overpriced at a

Optus Is flat but is the outlook better ?

Published on 2007-09-17 21:13:00

Singtel Optus has forecast flat earnings in spite of growing sales. On 17 September 2007, Optus predicted that sales growth would be between 2.5 per cent and three per cent in the year to 31 March 2008, above the industry average of about two per cent. EBITDA fell by 2.4 per cent to $A1.99 billion in 2006-07 and Optus does not expect to exceed this figure in 2007-08. Margins are declining because of the preference of mobile telephone customers for capped plans.Is this going to be a longterm prob

Rio mine to go ahead

Published on 2007-09-17 21:09:00

Rio Tinto (ASX:RIO) has gained environmental support for an iron ore mine in the Pilbara in Western Australia. In March 2007, the WA Environmental Protection Authority rejected the resources company's plans for a $12 billion mine because of the risk to troglofauna. However, the WA Government directed it to reassess its decision. On 17 September, it gave clearance for the project. Rio Tinto will enlarge the mining exclusion zone so that more troglofauna habitat is protected. The decision has disa