Macquarie Group (MQG) ended the day 4.7% lower at $40.65 after stating uncertain market conditions are adversely impacting certain business units. MQG did not issue any FY11 profit guidance.

Transfield Services Limited (TSE) gained 5.6% to close at $3.36 after reaffirming its FY11 profit guidance for net profit after tax to be flat to modest against the prior financial year.

Major stock rises:

• Transfield Services Limited (TSE)       $3.36   +5.66%
• Downer EDI (DOW)    $4.20   +5.53%
• Challenger Financial Services (CGF)   $3.45   +5.18%
• UGL Limited (UGL)    $14.13 +3.90%
• Rio Tinto Limited (RIO)          $71.73 +1.69%

 Major stock falls:

• DUET Group (DUE)    $1.65   -7.54%
• Macquarie Group (MQG)        $40.65 -4.73%
• Caltex Australia Limited (CTX)           $10.35 -4.52%
• Stockland Group (SGP)           $3.78   -3.82%
• Brambles Limited (BXB)         $5.60   -2.95%

 If you do have any questions about this or would like to know more about us, please email me at paul@bronsonfs.com.au or visit us at www.bronsonfs.com.au

 Please Note:

This publication has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.

Perpetual Ltd (PPT) ended the day 1.5% lower at $29.93 after announcing the resignation of Managing director, David Deverall. Mr Deverall will stay on until a new CEO is appointed or until 31 March 2011.

Seven Group Holdings (SVW) ended the day 2.9% lower to close at $5.98 after announcing plans to invest $US250m as a cornerstone investor in the IPO of Agricultural Bank of China as part of a broad strategy to underpin the development of the group’s WesTrac business in China.

Major stock rises:

• Telecom Corporation of New Zealand (TEL)  $1.57   +1.95%
• Amcor Limited (AMC)            $6.47   +1.25%
• Ansell Limited (ANN) $13.43 +0.98%
• Coca-Cola Amatil Limited (CCL)        $11.73 +0.95%
• Telstra Corporation Limited (TLS)       $3.29   +0.92%

 Major stock falls:

• Incitec Pivot Limited (IPL)       $2.88   -5.26%
• Iluka Resources Limited (ILU)            $4.69   -4.87%
• Challenger Financial Services (CGF)   $3.28   -4.65%
• Boral Limited (BLD)    $4.96   -3.69%
• Nufarm Limited (NUF)            $5.50   -3.51%

If you do have any questions about this or would like to know more about us, please email me at paul@bronsonfs.com.au or visit us at www.bronsonfs.com.au

Please Note:

This publication has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.

Elders Limited (ELD) ended the day 46.3% lower at $0.44 after substantially downgrading its FY10 profit forecast. ELD now expects to report an underlying net after tax loss of between $8-$14m, versus previous expectations of a profit of $55.7m. ELD has attributed the weaker than expected performance to a fundamental shift in the farm supply markets towards low priced generic products.

Major stock rises:

• APA Group (APA)       $3.78   +1.61%
• Commonwealth Property Office Fund (CPA)  $1.00   +1.52%
• Goodman Group (GMG)         $0.71   +1.43%
• GPT Group (GPT)        $2.94   +1.03%
• Myer Holdings Limited (MYR)            $3.28   +0.92%

Major stock falls:

• Elders Limited (ELD)   $0.44   -46.34%
• Nufarm Limited (NUF)            $5.70   -5.00%
• Transfield Services Limited (TSE)       $3.20   -4.76%
• Downer EDI (DOW)    $4.05   -4.48%
• Perpetual Ltd (PPT)      $30.40 -4.46%

If you do have any questions about this or would like to know more about us, please email me at paul@bronsonfs.com.au or visit us at www.bronsonfs.com.au

Please Note:

This publication has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.

 Telstra Corporation Limited (TLS) gained 3.4% to close at $3.34 after signing an $11bn non-binding Financial Heads of Agreement with NBN Co to participate in the rollout of the National Broadband Network.

 Fortescue Metals Group Ltd (FMG) gained 4.6% to close at $4.57 after signing an agreement with the Chinese engineering group China Gezhouba pursuant to FMG’s expansion planning for 95 million tonnes per annum of capacity within its Chichester Hub.

 Major stock rises:

• Fortescue Metals Group Ltd (FMG)     $4.57   +4.58%
• BlueScope Steel Limited (BSL)                        $2.40   +4.35%
• OneSteel Ltd (OST)                             $3.33   +4.06%
• Telstra Corporation Limited (TLS)       $3.34   +3.41%
• CFS Retail Property Trust (CFX)          $1.99   +2.84%

 Major stock falls:

• Transfield Services Limited (TSE)       $3.36   -2.61%
• Downer EDI (DOW)                            $4.24   -2.30%
• Primary Health Care Limited (PRY)     $3.85   -1.79%
• News Corporation (NWS)                    $18.29 -1.67%
• Foster’s Group Limited (FGL)              $5.76   -0.86%

If you do have any questions about this or would like to know more about us, please email me at paul@bronsonfs.com.au or visit us at www.bronsonfs.com.au

Please Note:

This publication has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.

David Jones Limited (DJS) ended the day 0.4% lower to close at $4.49 following the unexpected resignation of Chief Executive Officer, Mark McInnes. Mr McInnes has admitted to behaving “in a manner unbecoming of a chief executive to a female staff member” at recent Company functions. The board of DJS has appointed Paul Zahra as the new CEO of the Company, effective immediately.

 Major stock rises:

• Downer EDI (DOW)                            $4.34   +4.58%
• Origin Energy (ORG)                           $15.84 +2.26%
• Telstra Corporation Limited (TLS)       $3.23   +2.22%
• Mirvac Group (MGR)                          $1.41   +2.17%
• Lihir Gold Limited (LGL)                    $4.35   +2.11%

Major stock falls:

• Brambles Limited (BXB)                     $5.89   -5.15%
• ConnectEast Group (CEU)                   $0.39   -3.66%
• WorleyParsons Limited (WOR)                       $22.36 -3.25%
• Metcash Limited (MTS)                                   $4.15   -3.04%
• Caltex Australia Limited (CTX)                       $10.85 -2.95%.

If you do have any questions about this or would like to know more about us, please email me at paul@bronsonfs.com.au or visit us at www.bronsonfs.com.au

Please Note:

This publication has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.

UGL Limited (UGL) ended the day unchanged at $13.85 after announcing it has secured more than $280m in new works and project extensions with a range of blue chip customers in the resources sector. UGL also reaffirmed its previous profit guidance. 

Leighton Holdings Limited (LEI) gained 2.2% to close at $33.01 after securing a $1.1bn, 6-year contract extension for the expansion of the mining services at the MSJ coal mine in Indonesia. 

Major stock rises:

• Asciano Group (AIO)                          $1.66   +2.46%
• Leighton Holdings Limited (LEI)         $33.01 +2.17%
• Nufarm Limited (NUF)                                    $6.00   +1.69%
• Newcrest Mining Limited (NCM)         $34.64 +1.41%
• Lihir Gold Limited (LGL)                    $4.26   +1.19%

 Major stock falls:

• AWE Limited (AWE)                           $2.07   -2.82%
• Aristocrat Leisure Limited (ALL)         $3.97   -2.70%
• WorleyParsons Limited (WOR)                       $23.11 -2.49%
• Billabong International Limited (BBG)            $9.45   -2.48%
• Lend Lease Group (LLC)                     $7.67   -2.42%

.

 If you do have any questions about this or would like to know more about us, please email me at paul@bronsonfs.com.au or visit us at www.bronsonfs.com.au

Please Note:

This publication has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.

Rio Tinto Limited (RIO) gained 2.8% to close at $71.34 after announcing plans to invest US$469m to construct the Kennecott Eagle nickel and copper mine in Michigan’s Upper Peninsula (USA), following receipt of final environmental approvals. First production from the mine is expected in late 2013. 

News Corporation (NWS) gained 4.3% to close at $18.66 after launching a US$11.5bn takeover proposal to acquire all shares it does not already own in British Sky Broadcasting Group Plc. NWS currently already owns 39.1% of BSkyB’s issued capital. 

Major stock rises:

• OneSteel Ltd (OST)                                         $3.20   +4.58%
• AWE Limited (AWE)                                       $2.13   +4.41%
• News Corporation (NWS)                                $18.66 +4.33%
• SIMS Metal Management Limited (SGM)        $19.24 +3.55%
• Qantas Airways Limited (QAN)                                   $2.47   +3.35%

Major stock falls:

• Downer EDI (DOW)                                        $4.23   -5.16%
• Foster’s Group Limited (FGL)                          $5.77   -2.70%
• Coca-Cola Amatil Limited (CCL)                    $11.75 -1.09%
• CFS Retail Property Trust (CFX)                      $1.95   -1.01%
• QBE Insurance Group (QBE)                          $18.95 -0.58%

Finally go Queensland, 5 in a row tonight.

If you do have any questions about this or would like to know more about us, please email me at paul@bronsonfs.com.au or visit us at www.bronsonfs.com.au

Please Note:

This publication has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.

Amcor Limited (AMC) said it has received approval from the US Department of Justice to acquire Alcan’s Medical Flexibles operations from Rio Tinto Limited (RIO) as part of the Alcan Packaging acquisition. 

AV Jennings (AVJ) said it has entered into a conditional contract to sell its contract building division to the Japanese listed company, Sekisui House Limited. The Australian residential development company said the arrangement would also see the two companies form an alliance around land and the use of the AVJennings brand, ownership of which would remain with AVJennings Limited. 

Major stock rises: 

• Centennial Coal (CEY)                                                $4.43   +5.23%
• Macquarie  Group Ltd (MQG)                         $44.72 +3.93%
• Fortescue Metals Group (FMG)                                   $4.11   +3.79%
• Westpac Banking Group (WBC)                                  $23.43 +3.49%
• Perpetual Limited (PPT)                                   $30.48 +3.39%

 Major stock falls: 

• GPT Group (GPT)                                            $2.78   -2.46%
• Commonwealth Property Office Fund (CPA)  $0.965 -1.53%
• Transfield Services (TSE)                                $3.41   -1.16%
• AXA Asia Pacific (AXA)                                $5.70   -1.04%
• Downer EDI Ltd (DOW)                                  $4.46   -0.89%

If you do have any questions about this or would like to know more about us, please email me at paul@bronsonfs.com.au or visit us at www.bronsonfs.com.au

Please Note:

This publication has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.

 Leighton Holdings Limited (LEI) ended the day 0.3% lower at $30.90 after its Resources Division was awarded a three year, $170m contract extension at its Woodie-Woodie manganese operations by Pilbara Manganese Pty Ltd.

 Major stock rises:

• Caltex Australia Limited (CTX)                       $10.76 +4.87%
• GPT Group (GPT)                                $2.85   +4.01%
• Mirvac Group (MGR)                          $1.36   +3.82%
• Oil Search Limited (OSH)                    $5.81   +3.57%
• David Jones Limited (DJS)                  $4.39   +3.29%

 Major stock falls:

• James Hardie Industries (JHX)                        $6.85   -3.39%
• Qantas Airways Limited (QAN)                       $2.43   -2.02%
• Iluka Resources Limited (ILU)                        $4.93   -1.79%
• Downer EDI (DOW)                            $4.50   -1.53%
• CSL Limited (CSL)                              $33.54 -1.18%

If you do have any questions about this or would like to know more about us, please email me at paul@bronsonfs.com.au or visit us at www.bronsonfs.com.au

Please Note:

This publication has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.

 Wotif.com Holdings Limited (WTF) gained 1.8% to close at $4.99 after stating it expects FY10 net profit after tax of $56m, 29% higher than FY09 on the back of strong occupancy levels in Australia.

 Avoca Resources Limited (AVO) gained 8.3% to close at $2.35 after announcing its 100% owned South Kalgoorlie Operations has produced a record 12,222 ounces for the month of May 2010. AVO also announced plans to increase its consolidated production profile to 400,000 ounces per annum from FY13.

 Major stock rises:

• GPT Group (GPT)                                $2.74   +4.18%
• Sonic Healthcare Limited (SHL)                      $10.81 +3.44%
• Primary Health Care Limited (PRY)     $3.86   +2.93%
• Mirvac Group (MGR)                          $1.31   +2.75%
• Foster’s Group Limited (FGL)              $5.75   +2.13%

 Major stock falls:

• CSR Limited (CSR)                              $1.63   -4.39%
• Transfield Services Limited (TSE)       $3.47   -3.61%
• APA Group (APA)                               $3.56   -3.26%
• Downer EDI (DOW)                            $4.57   -2.56%
• Brambles Limited (BXB)                     $6.10   -2.56%

Please Note:

This publication has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.