Update: Flat but a good start
January 2nd 2007 10:03
The local market marked the first trading day of 2007 with an expected flat trading session but managed to end the day marginally higher.
ASX S&P 200 benchmark index climbed a marginal 0.01% or just 0.3 points to a closing of 5,670.2 points. As forecasted, 2007 would see a continuing bull market but returns would be lower than last year. After a series of major gains, consolidation is expected that would reflect the fundamentals in a moderate setting.
However, the money would be still be in equities as other asset classes are not expected to outperform the stocks.
MacBank took the spotlight today as more M&As are expected to go through this year. Its shares closed at $79.65 or 0.09% higher and some analysts believe that MacBank shares still have some room to run as its shares are worth around $102. Think private equity. Australia, with its strong economic fundamentals, is positioned as a favourite by the private funds.
The Financial Review today headlined the proposed Qantas takeover and it seems that the proposed alliance of three major budget airlines; AirAsia, Virgin and EasyJet, with the objective of taking long-haul routes, to as far as UK and North-East Asia, does not pose as serious news item in Australia. Or could it be that the alliance is no threat to the local airline industry despite the geographical proximity of the hub of the alliance to be based in Malaysia. Too close for comfort, actually. A run through the business pages of Melbourne's papers have missed out the potential threat to Qantas and JetStar.
Returning the focus on the Portal's own portfolio, the Portfolio 1.5 - EW* , outperformed the market by 0.79% to a closing return of 40.58%. Certainly a good start for the year as the 40% return mark was actively sought after as a pyschological barrier breakthrough in order to reach the 50% return level. In just five months, 40.58% was obtained from the portfolio, a new record with the second spot going to 40.16% obtained on 28th December, 2006.
The portfolio performance today was marked with 17 gainers, 1 unchanged and 12 losers. LIM remained the biggest gainer while ILU continued the polar opposite position. BST saw the most movement with a change of 16.13%.
Overall, the portfolio value closed $59,208 and after-costs profits took in a total of $16,161.
*Disclosure
NOT SPECIFIC INVESTMENT ADVICE
This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person.
The blogger makes no recommendations as to the merits of any investment opportunity referred to in its website. It is advisable to obtain specific investment advice before making anyinvestment decisions relying on the information provided. While the information available in this publication is obtained from sources believed to be reliable, the blogger gives no assurances or guarantees that the information is accurate, complete or current.
The information is provided for informational purposes only and not intended to constitute legal, financial or professional advice. It has no regard to the investment objectives or circumstances (financial or otherwise) of particular recipients, and is not an exhaustive outline of available investment opportunities.
Appropriate professional advice should be obtained prior to acting on any information contained in this publication. The blogger will not be liable for any loss or damage incurred by any person directly or indirectly as a result of reliance on the information contained in this publication.
PAST RESULTS
Any past results shown or mentioned in any of our reports or web pages do not guarantee future performance.
ACCURACY OF DATA
Whilst all information on this site is believed to be accurate, we take no responsibility and give no assurances that it is accurate. We advise that you to double check any
data before acting upon this information.
ASX S&P 200 benchmark index climbed a marginal 0.01% or just 0.3 points to a closing of 5,670.2 points. As forecasted, 2007 would see a continuing bull market but returns would be lower than last year. After a series of major gains, consolidation is expected that would reflect the fundamentals in a moderate setting.
However, the money would be still be in equities as other asset classes are not expected to outperform the stocks.
MacBank took the spotlight today as more M&As are expected to go through this year. Its shares closed at $79.65 or 0.09% higher and some analysts believe that MacBank shares still have some room to run as its shares are worth around $102. Think private equity. Australia, with its strong economic fundamentals, is positioned as a favourite by the private funds.
The Financial Review today headlined the proposed Qantas takeover and it seems that the proposed alliance of three major budget airlines; AirAsia, Virgin and EasyJet, with the objective of taking long-haul routes, to as far as UK and North-East Asia, does not pose as serious news item in Australia. Or could it be that the alliance is no threat to the local airline industry despite the geographical proximity of the hub of the alliance to be based in Malaysia. Too close for comfort, actually. A run through the business pages of Melbourne's papers have missed out the potential threat to Qantas and JetStar.
Returning the focus on the Portal's own portfolio, the Portfolio 1.5 - EW* , outperformed the market by 0.79% to a closing return of 40.58%. Certainly a good start for the year as the 40% return mark was actively sought after as a pyschological barrier breakthrough in order to reach the 50% return level. In just five months, 40.58% was obtained from the portfolio, a new record with the second spot going to 40.16% obtained on 28th December, 2006.
The gainers are in yellow.
The portfolio performance today was marked with 17 gainers, 1 unchanged and 12 losers. LIM remained the biggest gainer while ILU continued the polar opposite position. BST saw the most movement with a change of 16.13%.
Overall, the portfolio value closed $59,208 and after-costs profits took in a total of $16,161.
*Disclosure
NOT SPECIFIC INVESTMENT ADVICE
This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person.
The blogger makes no recommendations as to the merits of any investment opportunity referred to in its website. It is advisable to obtain specific investment advice before making anyinvestment decisions relying on the information provided. While the information available in this publication is obtained from sources believed to be reliable, the blogger gives no assurances or guarantees that the information is accurate, complete or current.
The information is provided for informational purposes only and not intended to constitute legal, financial or professional advice. It has no regard to the investment objectives or circumstances (financial or otherwise) of particular recipients, and is not an exhaustive outline of available investment opportunities.
Appropriate professional advice should be obtained prior to acting on any information contained in this publication. The blogger will not be liable for any loss or damage incurred by any person directly or indirectly as a result of reliance on the information contained in this publication.
PAST RESULTS
Any past results shown or mentioned in any of our reports or web pages do not guarantee future performance.
ACCURACY OF DATA
Whilst all information on this site is believed to be accurate, we take no responsibility and give no assurances that it is accurate. We advise that you to double check any
data before acting upon this information.
| 63 |
| Vote |
subscribe to this blog