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Company News 26/07/12
A number of quarterlies have been released today. NCM finally managed to meet their production guidance and the gold price also rallied last night. WES announced a solid result in a tough environment....
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Company News 27/07/12
DLS Drillsearch Energy is pleased to announce an equity capital raising of approximately $40 million: A fully underwritten placement to qualified sophisticated and institutional investors of 39.2...
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Broker Comments for 27/07/12
Aust JB Were is happy to become the first broker in Aust to become bullish on Aust housing as surge in growth in the key household formation of 20-34 year olds is already upon us. The 2011 Census...
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Company News for 02/08/12
Speculation continues regarding Nathan Tinkler’s ability to fund his WHC takeover bid, while APA may issue a hybrid to fund their bid for HDF. ACCC in the news after approving NWS’s bid for CMJ and...
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Company News and World Economic News for 16/08/12
MCR Net profit after tax of $0.24M (2011: loss of $23.4M); EBITDA up 99% to $32.4M (2011: $16.3M); Profit turnaround achieved despite 19% drop in realised nickel price; Strong performance underpinned...
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Company and World Economic News for 17/08/12
AWC interested at the idea of acquiring global miner BHP Billiton Limited’s alumina assets in Brazil. AFR WES Coles division had plenty of room for improvement, despite the retailer helping boost the...
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Company News for 24/08/12
China China HSBC August Flash Manufacturing PMI 44..7 (Prior 49.3) worst since march 2009. China HSBC Flash PMI at 9-Month Low of 47.8 in August Versus 49.3 in July Market Watch WOR Further to the ASX...
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Broker Comments for 19/09/12
MGX The MGX FY12 NPAT was in line with our estimate, but the big miss was that operational cash flow was negative in 2H12 and net cash declined rather than rose. Cash payments were high in FY12 due to...
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Company News for 20/09/12
20/09/2012 LEI Habtoor Leighton Group, operating as Leighton Middle East Contracting, has been awarded a healthcare project worth SAR1.18Bn (US$316 million) by the Ministry of Health King Fahad...
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Broker Comments for 20/09/12
PAN PAN has now completed the acquisition of four separate gold and PGM assets since November 2011: Wilsons Au (part of the Gidgee project), Mt Henry Au, Thunder Bay PGM (Magma Metals) and Panton PGM....
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World Economic and Company News for 16/10/12
FMG FMG is considering restarting its $1.1 billion Kings venture after successfully brokering the refinancing of US$5 billion in debt and a rebound in the spot price of iron ore. AFR TEN TEN...
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Company News for 25/10/12
WES WES Q1 sales up 3.95%. Coal Production 6.5% lower at Curragh and 13% lower at Bengalla. Contracted coal prices 26% lower for the Oct to Dec (Q2) period compared to Jul to Sep period. Coles...
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Company News for 26/10/12
MQG MQG H1 2013 result out $361m, dividend 75 cents, in line with broad consensus of $320m-$400m. Reconfirmed expectations of 2013 profit being up on 2012 subject to market conditions. Consensus is...
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Company News for 14/11/12
CDU CuDeco is undertaking a placement of up to 6,976,674 ordinary shares at $4.30 to raise up to $30 Million before expenses of the issue. CuDeco recognizes the stability that comes from a globally...
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World Economic and Company News for 20/11/12
US The Obama Administration has reportedly proposed axing $150B of tax breaks over ten years as part of negotiations to avert the fiscal cliff. These include $28B for fossil fuel companies, $77B...
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Company News for 23/01/13
ASX The former secretary of the Federal Treasury, Ken Henry, has been appointed as the next board member of ASX AFR BHP Iron Ore production for the Dec’12 quarter was 6% higher than the Sep’12...
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Broker Commentary for 07/02/13
NAB NAB 1Q cash result of $1.45bn (statutory $1.26bn). Bad debts fell to $554m which supported the headline result, margins up, cost growth 4%. Not bad for a company where the market has set very low...
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Company News for 14/02/13
AMM AMM has extended a strategic partnership with US tech giant Cosco and is on th ehunt for acquisitions as it tries to maintain double digit earnings growth AFR ANN ANN chief executive Magnus...
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Company News for 19/02/13
AIO Overall result was in line (excluding $21.5m asset sales taken above the line). EBIT came in at $337m vs Citi at $334m result so a 1% beat. NPAT was 2% lighter than our expectations but largely...
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Company News for 28/02/13
AGK Gas producers such as Exxon and STO are seeking to raise prices while heavy losses are likely after losing access to prime gas reserves in NSW SMH AIX AIX notes press reports today regarding...
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