Australian Investment Blog

Another six companies with interesting reports yesterday

It appears that overseas money is still pouring into the Australian Stock market courtesy of a weak $A, great for the fully invested, but very hard for those looking for bargains or value. The US Fed Reserve minutes last night confirmed its “lower rates for longer” even in the recovering US. This paves the way for more cuts in Australia; the press is now touting 1.5%, a whopping three more cuts. Yesterday we saw a $A6.5n takeover bid for Toll Holdings (TOL) from Japanese buyers and while the Japanese buying is generally the beginning of the end, I still feel the current bull market has further to run.