Can we start posting on something other than oil/gas/minerals now?
Consumer staples and industrials are the new black! :cool:
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Can we start posting on something other than oil/gas/minerals now?
Consumer staples and industrials are the new black! :cool:
Totally agree LIZ
Talk about companies that make money .... not those who have a pipe dream about extracting Iron Ore from the tenement they hold in the Pilbara in 5 years time and selling to the Chinese and 10x the current price.
Healthcare, IT, Media,
MMS MCMILLAN SHAKESPEARE LIMITED
No. Ordinary Shares 67.5
Market Price at 07/08/2008 $2.20
Equity per Ordinary Share $0.71
Year High $6.11
Year Low $2.06
NTA $0.21
Intangibles $0.50
Liabilities $0.21
Borrowings $0.00
Net Debt Per Equity Ratio 0.0%
Normalised Earnings $0.32
Normalised ROFE 53.0%
Dividend $0.16
Dividend Yield 7.1%
Grossed Up Dividend Yield 10.1%
Equity Ratio 77.1%
This thread doesnt seem like a wind up Liz :p
Quite an interesting article on The Market Oracle
Commodities Super Cycle Heading for Demand Destruction?
http://www.marketoracle.co.uk/Article5791.html
What ever your outlook, commodity shares must take a further pummeling next week post Friday's price action (Gold, oil, Dow and USD). Boy, that Dow and USD are just doing crazy things ATM. What to be in and when is getting quite difficult! Bit of heavy TA reading coming-up : )
As a side interest (that may or may not lead to an investment) i'm watching two "non resource" companies, that are worth a mention.
LWB - Little World Beverages - a boutique brewery of premium beers
http://www.asx.com.au/asxpdf/2008082...fs8m5xz5by.pdf
AVG - Australian Vintage (formerly MGW) A Winemaker, Wine Marketing & Vineyard Management.
http://www.asx.com.au/asxpdf/2008082...4gqbs0dm63.pdf
Both are profitable companies (LWB pays 4.6cps divvie 30% franked) & AVG has had a masive turnaround over the last 12 months.
AVG has sold off $80m worth of unutilised assets/wineries to refocus.
I've always believed the Australian drought would eventually "weed out the financially weak" & bring the wine supply v demand back to normal, leading to better prices & margins.
I had thought this would occur mid-late 2009, but perhaps this may turn sooner than i realised?
Anyway, thought i'd share my thoughts :p