FROM THE FIN. REVIEW - BANKS should prosper now lower interest rates from overseas are on offer.
the banks are expected to have increased earnings of plus 5% for the year but is probably built in to the current price ?
looked at the banks today expecting further rises but they were lack lustre as compared with yesterday - however our market was down o/a. NAB is by far the cheapest 0n PE and yield, due to lesser growth in earnings prospects, but it hasn't moved quite the same as the others - yet ... may be a prospect.
AIO and AZJ are likely to have their rail freight agreements and port facilities agreements negotiated down in order to keep the struggling coal miners in QLD and NSW operating ..... their price levels moved down sharply this morning..
another thought is GEM, very large operator of child minding centres, has been a market darling and an outstanding performer over the last couple of years.....its posted profits and profit growth over this period are "unbelievable" , and its forecast profits growth likewise..... it trades, from memory, at a pe in the high 20's.....
GEM's chart has now leveled off over the last couple of months, so I am thinking that this is a stock that could dive a lot at some time in the future - its up there on confidence alone ...
CLOSED TRADES - nil
TRADES OPENED - JBH - short, 2 bites - I am a bit desperate to get into shorting something in the retail sector.... HVN & MYR have now dropped quite a bit so what else is left - any ideas ??
WHC (coal) - short, I.5 bites.... would have been a rich man if I had followed MOWER's suggestion on this stock 5 months ago....
AZJ - 2 bites, short - also have a bid in (short) for AIO .
WPL - long, 2 bites - the first of three gas & oil stocks that I have bids on.
AEU - long- 2 bites (makes a total 10.7 bites) on this very safe high yielding REIT
the stocks on which I now have open positions on were a small amount in front on the day with the exception of
AEU which is down a good bit today, causing a big paper loss on the day.
there is a 1.75% quarterly ex dividend date coming up for AEU in a few weeks - so I am looking forward to a rise in share price prior, and a good dividend.
