Afternoon Report Friday 15 May 2015
• A very lacklustre Australian Market today saw the ASX 200 Index finish up 39 points (+0.7%) to 5736, reversing yesterday’s loss and ending the week up 1.8%.• As mentioned yesterday, Vocus (VOC) sold its strategic stake in Amcom (AMM). VOC surprisingly sold off, down 2.5% to $5.91. Shawn maintains his position in VOC and will continue to assess his portfolio on a daily basis.• Today was the last day of trading in BHP Billiton (BHP) to be entitled to South 32 (S32). BHP reversed most of its losses from last week, rallying 3.8% higher to $32.49 for the week.• The junior supermarket, Metcash (MTS) rallied 12.1% to $1.44, surprising ‘short sellers’ of this stock, after announcing that it intends to float its Automotive division to help pay down its debt. Metcash has found life difficult to compete in the sector, with the already struggling Woolworths (WOW) and Wesfarmers (WES).• The Hickman Report will be available tomorrow afternoon as usual.
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