The Stock Market, Property and Investment Thread

[Ramps]

I did a search, couldnt find anything. If anyone has any info on anything decent on the ASX then post it here. If you want talk about shares, property and other Investments talk about it here. As an early disclaimer- people shouldnt take any info posted in here as gospel. Do your own research on stocks before investing your money and for those interested in putting up some recommendations on stocks -  can you provide some basic information like Price, PE ratios and reasons why your recommending. Share the knowledge, share the love and live the Australian capitalist dream- the transfer of wealth from other people to you lol.

[mightytiges]

The market is factoring in a interest rate rise on Wednesday (90% chance) which may give the Aussie dollar another boost. 

[tiga]

The market is factoring in a interest rate rise on Wednesday (90% chance) which may give the Aussie dollar another boost. 

Maybe not MT...US is up the clacker atm and they may be looking at lowering interest rates there yet again to generate some more spending which may flow onto us and stop the rise.

[mightytiges]

The market is factoring in a interest rate rise on Wednesday (90% chance) which may give the Aussie dollar another boost. 

Maybe not MT...US is up the clacker atm and they may be looking at lowering interest rates there yet again to generate some more spending which may flow onto us and stop the rise.

Yeah that's true tiga if the US drop theirs. When was the last Aussie interest rate rise? I can't remember.

[Fishfinger]

8th August was the last rate increase.

[mightytiges]

8th August was the last rate increase.

Thanks FF  .

The Aussie then dipped quite a bit for a week after the last rate rise then bounced back big time to where it is now at 91.9 US cents. Good time to be in North America WP  .

May 24 - 82.1
Jun  22 - 84.8
July 24 - 88.4
Aug  8  - 86.2
Aug 16 - 78.6
Sep  8 - 82.6
Oct   8 - 89.9
Nov  5 - 91.9

[mightytiges]

Aussie dollar hit 93.89 US cents after the rate rise  . WP will be a happy tourist over there. Companies exposed to A/US currency risk like Fosters, Billabong and Boral are downgrading their profits.

Resource sector price/earnings is high so some finance houses are saying sell.

JB Hi-Fi is expecting a 33% increase in sells this year.

There you go Ramps. Discuss lol.

[Ramps]

Missed the boat on JB HiFi a long time ago. Should have been in months and months back nevertheless there are other opportunities that arise along the way. Hopefully some of the bluechips have downgrades because of the need to convert currencies back to high AUD, then it may be possible to pick up some decent stocks cheaper.

[mightytiges]

Missed the boat on JB HiFi a long time ago. Should have been in months and months back nevertheless there are other opportunities that arise along the way.

Yep JB has gone up something like 144% in the past year.

The Aussie dollar has dropped back today to 92.4.

[mightytiges]

BHP has made a takeover bid for Rio Tinto tonight to create a mega mining giant. Rio rejected the proposal but its shares have shot up 25% in London.

http://investing.reuters.co.uk/news/articleinvesting.aspx?type=tnBusinessNews&storyID=2007-11-08T113134Z_01_WLA2638_RTRIDST_0_BUSINESS-RIO-TINTO-BHP-BILLITON-DC.XML

[DallasCrane]

Aussie dollar hit 93.89 US cents after the rate rise  . WP will be a happy tourist over there. Companies exposed to A/US currency risk like Fosters, Billabong and Boral are downgrading their profits.

Resource sector price/earnings is high so some finance houses are saying sell.

JB Hi-Fi is expecting a 33% increase in sells this year.

There you go Ramps. Discuss lol.

Bit of a surprise that JB is expecting such a large increase in sales- most record companies are forecasting drops in revenue thanks to downloading. (And don't you feel sorry for the likes of EMI-not!)
But everytime I walk into a JB Hifi there are massive queues of people standing there waiting to throw money at them.

The downside of all these cheap CD's etc is the pressure it puts on independant record stores, which unfortunately are a dying breed.

[one-eyed]

 

This man yesterday made $1bil. How was your day?
Fleur Leyden | November 16, 2007 12:00am

ANDREW "Twiggy" Forrest is in the box seat to become Australia's second richest man to James Packer, even though his company is yet to ship any iron ore.

The 42-year-old resource magnate made $1 billion - at least on paper - yesterday, after his company, Fortescue Metals Group, discovered a huge new iron ore deposit in the Pilbara region in Western Australia.

Mr Forrest's paper wealth grew the equivalent of about $375 million an hour from 1.20pm, when the announcement was made to the stock market, to 4pm, when the share market closed.

Fortescue shares rose to a record $64.99 before closing up $9.67 or nearly 19 per cent at $61.20.

With a paper net worth in the resource company of about $6.2 billion, Mr Forrest could overtake the country's second richest man, shopping centre developer Frank Lowy.

http://www.news.com.au/heraldsun/story/0,21985,22766584-661,00.html

[WilliamPowell]

While I was in Canada the Candians were partying because for the first time in 50 years or somethng the Canadian $ was worth more than the US$

$1.00 USD = $1.07 CAD - party time.

Actually the worst rate of conversion showing up on my credit card satement is 87.8c. The average is around 91c - not complaining at all

[mightytiges]

Hope no one had Centro shares (owns The Glen and Box Hill shopping centres). Was around $10 at the start of the year. Now fallen from $6 down to 72c in the past couple of days thanks to the US subprime crisis. The only good thing about the overall share market correction is it places less pressure on rising interest rates.

[Ramps]

some blue chips were good value this morning on dividend/yield and pe basis. pity i didnt have much cash to get in.