Month: June 2014
Companies are buying their own shares: Is this a positive impact?
The ASX 200 accelerated down sharply this morning and maintained its weak tone until the close, down 49 points for the day.
Explaining the “carry trade” and the risks it brings to bank share prices down the track.
The ASX 200 had a quiet session, closing 20 points weaker after June equity options expiry.
**Yesterday we bought Flight Centre (FLT) in the market; please let us know if your email / phone text failed to come through as I was buying.**
There was broad based buying in the ASX 200 today, closing 62 points higher to 5,464, significantly stronger than we thought, with Westpac (WBC) closing up 60c to $34.43, RIO +83c to $59.90 & Telstra (TLS) +6c to $5.23.
Yesterday, we looked at the worst 5 stocks in the ASX200 for the last financial year, today it’s the next worst 5 with 2 noticeably stocks coming from the battered mining services sector and one from retail. Not surprisingly, a boring bunch of stocks but one good risk reward opportunity may arise if we get accelerated selling into financial year end.
The ASX 200 followed the weak lead from US markets, closing down 31 points to 5,402 after trading as low as -54 early in the session.
**Kathmandu Holdings (KMD) downgrades its earnings forecast down 10-15% below FY13 earnings. Another retail disappointment.**
The ASX 200 closed 20 points weaker, with the banking sector contributing to most of the weakness e.g. ANZ closing down 1.1% to $33.62.
Really bullish, there's more to go in the reflation rally
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