Afternoon Report Friday 13 February 2015
** Please note in this morning report – I am a buyer of TLS around $6.20, not $5.20.**
• The ASX 200 had an explosive day today, ending 134 points higher (+2.3%) at 5,878 after rally as much as 147 points.• The Iron Ore sector outperformed the broader market as expected, with RIO Tinto (RIO) leading the way. RIO ended $3.89, or +6.5% higher at $63.79 after investors embraced its profit results announced yesterday after the market closed.• Commonwealth Bank (CBA) closed $1.97, or +2.2% at $93.15, it has 2 trading days remaining until it goes ex-dividend ($1.98 fully franked) on 17 February.• Newcrest Mining (NCM) closed slightly lower, down 1c at $13.90 after posting its first half earnings of 2015 well above analysts’ expectations. There was no surprise with no dividend being declared, however investors remain concerned with its debt levels from an $AUD perspective as the $US strengthens and NCM reports its financials in $AUD terms.• Please watch out for the Hickman Report tomorrow.
Show more...
