Just before I was banned My co agent at Control Maxwell Smart intercepted an email sent out to Shaw clients stating that this company was good value>>>unforttunately distaster struck on the BB--Kaos managed to get through and plant an evil seed in BB admins mind>>>Ziegrfied got me--other than the BB--Stockpoint shows that cola is getting a bit bullish--Cheers,--Mata Hari. ---------------------------------------------------- http://investor.stockpoint.com/leftnav/pages/briefing.asp? --------------------------------------------------------------------- The market at 16:30 ET Dow: +13.56...Nasdaq: -16.26...S&P: +2.47 NYSE Volume: 1.24 bln...Adv: 1930...Dec: 1228........Nasdaq Volume: 1.66 bln...Adv: 1782...Dec: 1690 Moving the Market Sector Watch 10-Yr Note -6/32 at 5.045% --------------------------------------------------------------------- Chicago PMI jumps to 60.8% in May. --------------------------------------------------------------------- US asks diplomats to leave India. --------------------------------------------------------------------- Palm guides lower. --------------------------------------------------------------------- Strong: oil, consumer products, food, tobacco, retail, beverages, banks, brokers, hotels, media, railroad, homebuilders, machinery, energy wholesalers, coal, gold --------------------------------------------------------------------- Weak: software, networking storage, semiconductors, airlines, biotech --------------------------------------------------------------------- Close Dow +13.56 at 9925.25, Nasdaq -16.26 at 1615.66, S&P +2.47 at 1067.13: [BRIEFING.COM] Closing Summary: After some optimism this morning, the market finished the day in disappointing fashion. There were a number of economic releases today, but the one generating the most excitement was the Chicago PMI, a regional manufacturing survey. It was much stronger than expected at 60.8% in May vs the 55.0% consensus. This is good news for the manufacturing sector and the market. The new orders index jumped to 65.6% from 59.0%, also an encouraging number. Another positive report was the revised Univ of Michigan Consumer Sentiment survey. Given that there was some talk about the negative implications of the decline in the Conference Board's expectations component of confidence, it's worth noting that the Michigan expectations component was revised up to 92.7 from the preliminary May reading of 91.3, and is notably higher than the 89.1 April reading....Despite the good news on the economic reports, traders remained weary about holding stocks over a weekend given the US asking its diplomats to leave India. The analyst calls were generally positive, but it was a relatively quiet day all in all....Overall, safe haven sectors like food, tobacco, beverages were strong. Oil stocks were among the strongest groups on reports that several OPEC members have no plans to increase production quota levels at their next meeting in June. Financials and cyclicals also posted nice gains, especially railroad stocks on a Bear Stearns upgrade. Techs stocks ended mostly lower today, led on the downside by semis, software, networking. The good news is that volume was not very heavy....Looking ahead, a number of chip companies are hosting mid-qtr updates next week including INTC, XLNX, IDTI, ALTR. It'll be a quiet week on the earnings front though. Have a good weekend. DJTA +1.2%... DJUA -0.5%... SOX -0.9%... DOT -0.6%... XOI +1.0%... BTK -2.5%... Nasdaq 100 -1.6%... S&P Midcap 400 +0.2%... Russell 2000 -0.1%... NYSE Adv/Dec 1930/1228... Nasdaq Adv/Dec 1782/1690. --------------------------------------------------------------------- 15:35 ET Dow +52, Nasdaq -8, S&P +4.94: [BRIEFING.COM] A disappointing finish for the trading day today as the market stumbles into the close near session lows. Volume remains below average...Verizon (VZ 43.27 -0.72) is getting hit late on a Moody's downgrade...Looking ahead, a number of chip companies are hosting mid-qtr updates next week including INTC, XLNX, IDTI, ALTR. It'll be a quiet week on the earnings front, highlighted by ABS, PETM, TTWO. NYSE Adv/Dec 2017/1137... Nasdaq Adv/Dec 1772/1658. --------------------------------------------------------------------- 15:00 ET Dow +40, Nasdaq -10, S&P +4.04: [BRIEFING.COM] The market has taken a turn for the worse as the Nasdaq has fallen into the red and the Dow has given up half of its gains. There's not really a clear reason for the weakness. Perhaps the US asking diplomats to leave India is a concern. Also, the trend lately has been to avoid holding stocks over a weekend given the potential world crises....Most groups are heading lower. Software stocks are looking weak: Siebel Systems (SEBL -6.2%), Oracle (ORCL -4.9%). A number of software companies have exposure to India....The retail apparel stocks are holding up fairly well. Charlotte Russe (CHIC +6.8%), Mens Wearhouse (MW +4.8%). NYSE Adv/Dec 1996/1134... Nasdaq Adv/Dec 1705/1698. -------------------------------------------------------------------- 14:30 ET Dow +90, Nasdaq +3, S&P +9.09: [BRIEFING.COM] It has been a relatively quiet Friday afternoon thus far. Not much on the news front and volume remains below average....The Dow has been successful holding above the 10,000 mark, but not by a whole lot. Leading the index by a good margin is Home Depot (HD 42.22 +2.07, +5.2%) which had been weak for the last few sessions. Other leaders are HON +2.8%, INTC +2.6%.....Stocks setting new 52-week lows today include Ciena (CIEN 5.74 -0.15), Genesis Micro (GNSS 16.94 +0.24), Millenium Pharma (MLNM 15.33 -0.81), Research in Motion (RIMM 14.47 -0.18), Williams Cos (WMB 14.18 +0.18). NYSE Adv/Dec 2107/1020... Nasdaq Adv/Dec 1838/1517. --------------------------------------------------------------------- 14:00 ET Dow +102, Nasdaq +8, S&P +11.01: [BRIEFING.COM] While most of the market is trending higher, biotechs (BTK 410.65 -4.87) are noticeably weak as the BTK is at new session lows. MLNM -4.4%, ABGX -3.2%.....Seeing strong buying interest in a number of large cap retailers: Home Depot (HD +4.9%), Sears (S +3.8%), Target (TGT +3.7%), Wal-Mart (WMT +2.3%). Ths is likely the result of the higher expectations component in the Univ Mich survey. Also, the group has been very weak lately....Media stocks showing good strength, led by Metro Goldwyn (MGM +6.2%), Fox Ent (FOX +5.2%), Vivendi Universal (V +4.7%). BTK -1.2%... NYSE Adv/Dec 2133/978... Nasdaq Adv/Dec 1849/1472. --------------------------------------------------------------------- 13:30 ET Dow +118, Nasdaq +14, S&P +13.30: [BRIEFING.COM] The market continues to trade higher as the Dow and Nasdaq move to new session highs. Seeing early afternoon strength in many sectors, especially techs and cyclicals....Stocks setting new 52-week highs today include Dave & Busters (DAB 12.01 +1.42), Dillards (DDS 30.25 +0.87), Energizer (ENR 27.06 +1.82), Nucor Corp. (NUE 67.01 +1.86), Sears (S 59.52 +2.28). NYSE Adv/Dec 2162/929... Nasdaq Adv/Dec 1875/1410. -------------------------------------------------------------------- 13:00 ET Dow +124, Nasdaq +18, S&P +14.76: [BRIEFING.COM] After trading sideways, the major indices have slowly climbed to new session highs....Gold stocks are mixed despite a positive note from CIBC World Mkts as the firm upgraded Barrick Gold (ABX 21.60 -0.35) and raised its 2002 gold price forecast to $315/oz from $300 and its 2003 forecast to $350 from $325...Cyclical stocks appear to have moved ahead of techs as the leading group thanks to the positive economic reports today....Oil stocks continue to trade higher on reports that several OPEC members have no plans to increase production quota levels at their next meeting in June. NYSE Adv/Dec 2150/922... Nasdaq Adv/Dec 1905/1335. --------------------------------------------------------------------- 12:30 ET Dow +99, Nasdaq +14, S&P +12.08: [BRIEFING.COM] The Dow and Nasdaq have settled into sideways trading patterns....Lowe's (LOW 46.40 -1.49) is coming under pressure as it provides guidance. The company says it expects Q2 earnings of $0.53-$0.54 (Multex consensus $0.54) and FY02 earnings of $1.66-$1.69 (consensus $1.70). Not really much of a warning, but the stock is seeing some pressure. Overall, retailers are doing well, led by Michael's Stores (MIK 43.06 +4.56, +11.8%) after it reported last night. NYSE Adv/Dec 2055/976... Nasdaq Adv/Dec 1791/1401. --------------------------------------------------------------------- 12:00 ET Dow +88, Nasdaq +14, S&P +10.42: [BRIEFING.COM] Mid-Day Summary: After some initial choppiness, the market is posting a decent gain today as we close out the month. There were a number of economic releases, but the one with the most impact was the Chicago PMI, a regional manufacturing survey. It was much stronger than expected at 60.8% in May vs the 55.0% consensus. This is good news for the manufacturing sector and the market. The new orders index jumped to 65.6% from 59.0%, also an encouraging number. Cyclicals are getting good mileage on the reports. Another positive report was the revised Univ of Michigan Consumer Sentiment survey. Given that there was some talk about the negative implications of the decline in the Conference Board's expectations component of confidence, it's worth noting that the Michigan expectations component was revised up to 92.7 from the preliminary May reading of 91.3, and is notably higher than the 89.1 April reading. The combination of these reports and generally positive analyst comments, many sectors are doing well. Techs and safe haven sectors have joined the strength in the cyclicals. With the market having been so weak the last couple of weeks, we're seeing some near term bottom fishing as the strength in the market is broad based. There are not a lot of sectors breaking away from the pack, just a good amount of interest across a number of sectors. NYSE Adv/Dec 2038/956... Nasdaq Adv/Dec 1751/1336. --------------------------------------------------------------------- 11:30 ET Dow +96, Nasdaq +17, S&P +11.08: [BRIEFING.COM] After trading a bit lower, the Dow and Nasdaq have moved to new session highs. The Semi Index (SOX 488.05 +7.53) has just climbed to new session highs, with Intel (INTC 28.32 +0.90) posting a solid gain. Semi equipment sector being led by CYMI +3.7%, ASML +3.6%....Techs are not the only groups doing well as many cyclical sectors are posting nice gains. Railroad stocks are cho cho-ing along as Bear Stearns upgraded Norfolk Southern (NSC 21.52 +1.67, +8.4%) to Buy from Neutral and CSX Corp (CSX 34.82 +0.82) to Attractive from Neutral. Also, UNP +3.0%, BNI +2.8%. These are big moves for this sector. SOX +1.6%... NYSE Adv/Dec 2003/942... Nasdaq Adv/Dec 1742/1277. --------------------------------------------------------------------- 11:00 ET Dow +78, Nasdaq +12, S&P +9.38: [BRIEFING.COM] The Nasdaq pushed higher on the Chicago PMI data but was unable to pierce resistance in the 1650/1653 area. The quick sprint off yesterday's late low suggests some short term consolidation is possible near these resistances. First level support is at 1637 with the next intraday floor at 1630/1628...Oil stocks are very strong today. Reports that several OPEC members have no plans to increase production quota levels at their next meeting in June has provided a lift to the crude oil market (24.96 +0.29) in early U.S. trade. The Amex Oil Index (XOI 550.07 +9.35) has bounced sharply off yesterday's low. Integrateds: P +2.6%, CVX +2.0%; Oil Services: SII +1.7%, RIG +1.5%. XOI +1.7%... NYSE Adv/Dec 1913/945... Nasdaq Adv/Dec 1637/1276. -------------------------------------------------------------------- 10:30 ET Dow +73, Nasdaq +13, S&P +8.89: [BRIEFING.COM] The market got a nice boost as Chicago PMI was much stronger than expected at 60.8% in May vs the 55.0% consensus. This is good news for the manufacturing sector and the market. The new orders index jumped to 65.6% from 59.0%, also an encouraging number. Also on the economic front, the 1.2% increase in April Factory Orders was better than the 0.7% consensus estimate, but it's the Chicago PMI data driving the market. Cyclicals are getting good mileage on the reports....Among the Dow stocks, Home Depot (HD 41.41 +1.26, +3.1%) is leading the way. Also strong are WMT +2.7%, INTC +2.5%. Dow losers: IBM -1.0%, T -0.8%. NYSE Adv/Dec 1861/865... Nasdaq Adv/Dec 1623/1132. --------------------------------------------------------------------- 10:00 ET Dow +66, Nasdaq +9, S&P +8.13: [BRIEFING.COM] The market is moving higher as the Chicago PMI jumps to 60.8% in May ....The final May reading on the Univ of Michigan consumer sentiment index was essentialy unchanged, but it's worth noting that the Michigan expectations component was revised up to 92.7 from the preliminary May reading of 91.3, and is notably higher than the 89.1 April reading....Overall, it's a mildly favorable start to the day with gold pacing the way. Also higher in early trade are: broker/dealer, oil, telecom, semiconductor, drug, networking, retail, prescription bene mgt and Internet security. On the defensive are: computer-hardware, health, utility, defense, airline and software. --------------------------------------------------------------------- 09:45 ET: [BRIEFING.COM] Broad strength in early trading. Techs leading in early trading, especially, semis, semi equipment, EMS. Also strong are oil services, retail, drugs, paper, autos. Weak groups include steel, chemicals. -------------------------------------------------------------------- 09:10 ET: [BRIEFING.COM] The futures have changed little and are still pointing to a modestly higher open....Seeing broad strength in technology as most are higher, but not by a great degree. We would not expect a great deal of excitement today ahead of a number of mid-quarter updates next week including INTC, ALTR, IDTI, XLNX....However, the PDA makers are weak as Palm Inc (PALM 2.21) guided lower last night by a good amount. Also, CSFB downgrades Handspring (HAND 2.02) and Research in Motion (RIMM 14.65). The latter is being defended by Soundview, but all are weak. PALM -23%, HAND -8%, RIMM -10%...Current indications: S&P 500 futures are +4.20, or 5.2 pts above fair value. Nasdaq 100 is +9, or 10 pts above fair value. Nas 100 PMI +8.02. --------------------------------------------------------------------- 08:40 ET: [BRIEFING.COM] The futures are pointing to a modestly higher open, building on yesterday's late move higher....There's a possibility for increased volatility today as it's the end of the month as firms juggle their holdings....Q1 Productivity was revised slightly to 8.4% from the original 8.6% estimate; this revision was too small to be of any consequence and should not have any market impact.....The yen had its biggest decline against the dollar in two weeks as Japanese govt sold in order to stem a rally that would exporters' earnings....Also on the economic front, Revised Univ of Mich Consumer Sentiment due at 9:45 ET and Factory Orders and Chicago PMI at 10 ET....Current indications: S&P 500 futures are +3.70, or 4.7 pts above fair value. Nasdaq 100 is +6.50, or 7.5 pts above fair value. Nas 100 PMI +6.85. --------------------------------------------------------------------- 07:45 ET: [BRIEFING.COM] This morning's fair value figures -- S&P 500 fair value: 1065, closed 1 pt above fair value. Nasdaq 100 fair value: 1229, closed 1 pt above fair value. Current indications: S&P 500 futures are +5.00, or 6.0 pts above fair value. Nasdaq 100 is +8.0, or 9.0 pts above fair value. ---------------------------------------------------------------------- 06:48 ET: [BRIEFING.COM] S&P futures trading at 1070.5, 5.5 points over fair value, Nasdaq 100 futures trading at 1238, 9.0 points over fair value. The 10-year note is down 2 ticks at 5.030%. The dollar is higher against the yen, but weaker against the euro. ---------------------------------------------------------------------- 06:47 ET: FTSE +0.68%, DAX +1.13%: [BRIEFING.COM] European stocks higher. Reports of bargain hunting in tech and telecom. Reassuring comments from Vivendi also helping to boost media shares. Spanish banking shares taking advantage of good news out of Argentina. --------------------------------------------------------------------- 06:47 ET Nikkei -0.05%, Hang Seng -0.69%: [BRIEFING.COM] Asian stocks lower. Exporters underperformed after a two-notch Moody’s downgrade of Japan failed to curb the strength in the yen. Dollar did eventually find some reprieve from Japanese intervention. Consumer stocks hit in Korea amid concerns about competition from the World Cup. --------------------------------------------------------------------- Briefing.com is the leading Internet provider of live market analysis for U.S. Stock, U.S. Bond, and world FX market participants. --------------------------------------------------------------------- sector news http://www.bday.co.za/bday/content/direct/1,3523,1097818-6078-0,00.html ---------------------------------------------------------------------- Anglo completes Aussie coal acquisition
---------------------------------------------------------------------- Global resources group Anglo American plc on Friday said it had acquired from Mitsui Coal Holdings a 51% interest in the Moura Joint Venture in Central Queensland, and 100% of related service companies. The acquisition is part of an asset swap with Mitsui Coal, a subsidiary of Japanese conglomerate Mitsui Corp, that will see Anglo get 51% of Mitsui Coal. ---------------------------------------------------------------------- In exchange Mitsui will receive a 49% stake in Anglo's Theodore, Dawson and Taroom projects as well as 30% of the German Creek mine. ---------------------------------------------------------------------- All the mines are in the Australian province of Queensland. ---------------------------------------------------------------------- In addition to the asset swap, Anglo will make a cash payment of $11-million to Mitsui Coal. Anglo Coal Australia and Mitsui Coal already have a joint operation at the Drayton coal mine in Hunter Valley in New South Wales. ---------------------------------------------------------------------- I-Net Bridge ---------------------------------------------------------------------- N M Rothschild decreased6.64%) (5.53%). 29/5/02 7:06:48 PM CENTENNIAL COAL COMPANY LIMITED 2002-05-29 ASX-SIGNAL-G ---------------------------------------------------------------------- HOMEX - Sydney ---------------------------------------------------------------------- +++++++++++++++++++++++++ N M Rothschild Australia Holdings Pty Limited decreased its relevant interest in Centennial Coal Company Limited on 27/05/2002, from 5,693,749 ordinary shares (6.64%) to 5,069,963 ordinary shares (5.53%). --------------------------------------------------------------------- CENTENNIAL COAL COMPANY LIMITED 2002-05-27 ASX-SIGNAL-G --------------------------------------------------------------------- HOMEX - Sydney --------------------------------------------------------------------- Memorandum/UnderstandingTohokuElectric +++++++++++++++++++++++++ Centennial Coal has today finalised a Memorandum of Understanding (MOU) linking a new long-term coal sale agreement with Tohoku Electric of Japan to the purchase of carbon credits. --------------------------------------------------------------------- Commenting on the MOU, Centennial Coal's Managing Director, Mr Bob Cameron, said: --------------------------------------------------------------------- "This is a ground breaking initiative providing both important economic and environmental benefits." --------------------------------------------------------------------- In what is believed to be one of the first trades under Article 3.4 of the Kyoto Protocol, Centennial Coal will purchase Certified Emission Reduction Units ("CERUs") generated from the planting of saltbush in far western New South Wales. Centennial Coal will then on-sell these carbon credits to Tohoku Electric, one of Japan's largest coal consuming electricity generators, thus assisting the power utility to meet its obligations under the requirements of the Kyoto protocol. The implementation of the sale/purchase of the carbon credits is subject to the commencement of an International Emissions Trading System. --------------------------------------------------------------------- The Saltbush Project has been facilitated by 'Australian Inland Energy and Water', a NSW Government owned energy and water supplier in far western NSW. The project involves planting up to 1,000 hectares of land in south western NSW with saltbush, as well as the grazing of livestock. Saltbush is an Australian native plant which, due to its deep root system and salt tolerance, is ideally suited to grow in saline affected areas where it can aid in erosion control. The plant is also considered unique because of its ability to sequester carbon dioxide from the atmosphere and deliver it back to the soil within two years of planting. --------------------------------------------------------------------- This innovative project represents an opportunity to not only contribute to an economic and sustainable land management system, but also sequester global carbon dioxide emissions and create CERUs which have the potential to be traded, both in Australia and overseas. --------------------------------------------------------------------- "Centennial Coal is the first Australian coal company to formalise the future purchase of such CERUs to on-sell to Japanese customers," Mr Cameron said. --------------------------------------------------------------------- "This project is a win for the environment, the coal industry, our customers and shareholders, as well as the state of NSW." --------------------------------------------------------------------- "By purchasing these CERUs and selling them to our customersas 'bundled' credits or 'GreenCoal', we are making our coal more attractive to our customers, as these credits cover their emissions and help them meet their obligations under the Kyoto Protocol," Mr Cameron said. --------------------------------------------------------------------- Mr Cameron confirmed that the agreement with Tohoku Electric was concluded in line with current term contract prices and went on to say: --------------------------------------------------------------------- "Our contract with Tohoku is an expansion of an existing agreement and this development clearly strengthens the relationship between our two companies. We are confident that today's MOU will be the first of many and will position Centennial Coal as a recognised provider of 'GreenCoal'. --------------------------------------------------------------------- Centennial Coal is a publicly listed Australian coal producer, operating seven mines in NSW and Queensland which produce five million tonnes of coal per annum. --------------------------------------------------------------------- A large proportion of this output is thermal coal which is purchased by power generators, located both overseas, such as Tohoku electric, and in Australia. The Australian market continues to be the largest consumer of Centennial's output. --------------------------------------------------------------------- For further information contact: Mr Bob Cameron MANAGING DIRECTOR Centennial Coal Company Limited Telephone: (02) 9299 8955 ---------------------------------------------------------------------
CEY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
