TPG popped 5.6% yesterday on news Vocus Group had commenced debt talks for the acquisition of TPG’s Fibre assets. Macquarie and Aware Super (the owners), are looking to finance ~$6bn in debt for their non-binding indicative bid announced at the start of August.
Our market losing ground slowly today as bond yields spike – Seeing PermaBears out and about highlighting the US debt and deficit
ASX 200 rose 22 points to 7078 (0.3%) rallying into the close in cautious trade again. Middle East’s tragic events have been weighing on sentiment as gold and oil move higher in Asia. Banks were becalmed with NAB the best of the bunch up 0.6% with the Big Bank Basket up to $178.24( +0.24%). Insurers pushed higher again a
SMALL CAP PORTFOLIO SUMMARY Added a small positon in GMD yesterday. The MGFO punt pays off.. LTR just gets more complicated. Tuesday Take Down runs out of candidates. What does that say about the market! Conference season beckons with MicroCaps and IMARC in focus. Great On the Couch Podcast to come. UPDATES – 3.00pm Updates…
The Dow Jones Industrial Average traded 314.25 points higher, or 0.93% to close at 33,984.54, marking its best day since September. The S&P 500 climbed 1.06% to end the day at 4,373.63, while the Nasdaq Composite added 1.2% to 13,567.98.
MARCUS STRATEGY Struggled with this section today – there are mixed messages on the macro front. Some mild signs of a resources rally and maybe even a Big Tech (FANG+) rally. Neither are convincing enough yet. Wall St up in "Risk on rally" led by hopes for a Diplomatic solution in the Middle East, and…
A good start with the market up 74 but now drifting as the US Futures wither during the day.
Telstra held its AGM today and confirmed guidance. The share price was up a touch first thing. For big companies like this AGMs rarely contain much in the way of new news – they are more a marketing exercise for shareholders and employees rather than a business event. Outlook slide: Last year's results. As you…
RIO's AGM was well received. The stock is up 2.4% first thing, double BHP's move today. The main focus is the iron ore production guidance which was unchanged. So steady as she goes. On a PE of 9.3x and a yield of 9.5% it looks extremely cheap, but as any Australian fund manager will tell…
ASX 200 slipped from strong early gains to close up 29 points at 7056 (+0.4%) as geopolitical events hang and RBA minutes show RBA thought about a rate rise. Plenty of green on screen today with the Big Banks doing well, CBA up 0.5% and the Big Basket Basket up to $177.81 (+0.7%). Insurers rallied, with…
