Housing Market

Tuesday, May 24 2011

The Australian banks were weak yesterday with concerns revolving around the Australian housing market. We run through the key negatives and positives

Continue reading...

WA Iron Ore Royalties

Friday, May 20 2011

WA has announced an increase the miners will pay for royalties on Iron Ore. Under the proposed Federal Government MRRT there would be NO impact on the mining companies, because the royalties are rebatable for MRRT – in other words, higher royalties means less MRRT – it’s just a wealth transfer from the Federal government to the WA state government!

Continue reading...

Market Update

Thursday, May 19 2011

The market began to show signs of life yesterday before reports of a downgrade by Moody’s for the banks caused a retreat. We note there might be some press on the banks but it is of little concern, with the downgraded already well flagged

Continue reading...

Fosters Split 10 May 2011

Friday, May 13 2011

Fosters split this week, into Foster’s Group Limited (FGL) for the beer business, and Treasury Wine Estates Limited (TWE) for the wine business. The combined value is up +2% on yesterdays close.

Continue reading...