AMP Limited (AMP) gained 2.6% to close at $4.26 after reporting underlying net profit after tax of $455m for the six months ended 30 June 2011, a 19% improvement on the pcp. AMP declared an interim dividend of 15cps. 

Wesfarmers Limited (WES) gained 0.4% to close at $30.41 after reporting FY11 net profit after tax of $1.92bn, up 23% on the pcp. WES declared a final dividend of 85cps (ff) to bring the full year payout to $1.50/share. 

Major stock rises: 

• AMP Limited (AMP)    $4.26   +2.65%
• David Jones Limited (DJS)      $2.83   +1.80%
• Coca-Cola Amatil Limited (CCL)        $11.60 +1.22%
• Macarthur Coal Limited (MCC)           $15.50 +0.98%
• Downer EDI (DOW)    $3.69   +0.82%

 Major stock falls: 

• Alumina Limited (AWC)         $1.80   -4.76%
• BlueScope Steel Limited (BSL)            $0.87   -4.37%
• Seven West Media Limited (SWM)      $2.87   -4.33%
• Santos Limited (STO)  $11.68 -3.79%
• News Corporation (NWS)        $15.90 -3.28%

 If you do have any questions about this or would like to know more about us, please email me at admin@bronsonfs.com.au  or give us a call on (07) 5577 8653

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.

CSL Limited (CSL) ended the day 2.6% lower to close at $29.07 after reporting a 10.7% fall in FY11 profit. The fall in earnings was primarily due to a $116m unfavourable foreign exchange impact as a result of the strengthening Australian dollar. CSL declared a final dividend of 45cps, flat on the pcp. 

SAI Global Limited (SAI) ended the day 7% higher to close at $4.60 after reporting FY11 net profit after tax of $48m, 42% higher than the pcp. SAI declared a final dividend of 8cps (ff), bringing total dividend for the year to 14.3cps (ff). 

Woodside Petroleum Limited (WPL) gained 1.2% to close at $37.76 after reporting a stronger than expected 1H11 net profit after tax of US$828m, 8.1% lower than 1H10. WPL declared an interim dividend of 55cps. 

Major stock rises: 

• Perpetual Ltd (PPT)                  $24.15             +5.50%
• Fairfax Media (FXJ)                $0.83   +5.06%
• Brambles Limited (BXB)         $6.93   +4.37%
• David Jones Limited (DJS)      $2.78   +3.73%
• Caltex Australia Limited (CTX)           $10.68 +3.69%

 Major stock falls: 

• Boral Limited (BLD)                $3.69   -4.90%
• Paladin Energy Limited (PDN) $2.21   -3.07%
• Downer EDI (DOW)                $3.66   -2.92%
• CSL Limited (CSL)                  $29.07 -2.65%
• Cochlear Limited (COH)          $72.69 -1.62%

 If you do have any questions about this or would like to know more about us, please email me at admin@bronsonfs.com.au  or give us a call on (07) 5577 8653

 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.

Westpac Banking Corporation (WBC) ended the day 4.3% lower to close at $20.25 after reporting a 3.3% fall in its third quarter net profit. This result implies WBC should report a FY11 NPAT of  round $6.3bn, which is slightly below current market expectations of $6.4bn. 

Tabcorp Holdings Limited (TAH) gained 0.9% to close at $3.22 after reporting FY11 net profit Net Profit After Tax (NPAT) of $534.8m, up 13.9% (including one-off demerger impact) from the pcp. TAH declared a final dividend of 19cps, bringing the full year dividend to 43cps, a payout ratio of 61%. 

Major stock rises: 

• Stockland Group (SGP)           $          2.86     +5.54%
• Leighton Holdings (LEI)          $22.50             +4.70%
• Westfield Group (WDC)          $8.14   +3.69%
• UGL Limited (UGL)                $12.68 +3.43%
• Macquarie Group (MQG)        $25.09 +3.38%

 Major stock falls: 

• Alumina Limited (AWC)                     $1.87   -4.82%
• Westpac Banking Corporation (WBC) $20.25 -4.35%
• Newcrest Mining Limited (NCM)         $38.70             -4.21%
• OZ Minerals Limited (OZL)                 $11.90 -3.64%
• Orica Limited (ORI)                             $24.25 -3.04%

If you do have any questions about this or would like to know more about us, please email me at admin@bronsonfs.com.au  or give us a call on (07) 5577 8653 

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) closed 5.7% higher at $2.99, after announcing statutory net profit after tax for the year ended 30 June 2011 of $3,250m, a 17% decline on the prior year, exceeding analyst expectations. The company added 1.66 million new mobile phone and broadband internet customers in Australia during the fiscal year and 352,000 in Hong Kong, with annual revenue from mobile services rising 10.7% to $8.1 billion, from the previous year’s $7.32 billion. 

GPT Group (GPT) ended the day 2.6% higher to close at $2.78 after it announced an upgrade to its earnings guidance for the six months ended 30 June 2011 and for the full 2011 year, reflecting the core strength and stability of the Group. The company gave interim guidance for Realised Operating Income for the six months ending 30 June 2011 to be in the range of $220m to $222m, 7-8% higher than the first half of 2010. 

Major stock rises: 

• Telstra Corporation Limited (TLS)       $2.99   +5.65%
• News Corporation (NWS)                    $14.75             +3.80%
• Newcrest Mining Limited (NCM)         $40.74 +3.80%
• Lynas Corporation Limited (LYC)       $1.99   +2.58%
• GPT Group (GPT)                                $2.78   +2.58%

 Major stock falls: 

• David Jones Limited (DJS)                              $2.62   -6.43%
• Alumina Limited (AWC)                                 $1.79   -5.79%
• Myer Holdings Limited (MYR)                                    $2.12   -5.78%
• QBE Insurance Group (QBE)                          $13.19 -4.97%
• Sims Metal Management Limited (SGM)         $14.31 -4.73%

When will the wild ride end? 

If you do have any questions about this or would like to know more about us, please email me at admin@bronsonfs.com.au  or give us a call on (07) 5577 8653

 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.

Commonwealth Bank of Australia (CBA) closed 2.01% higher at $48.23, after announcing statutory net profit after tax for the year ended 30 June 2011 was $6,394m, a 13% increase on the prior year. Cash net profit after tax for the year was $6,835m, an increase of 12%. Cash return on equity for the year ended 30 June 2011 was 19.5%, up 80 basis points, due to increasing profitability and effective capital management. A final dividend of $1.88 per share was declared, an increase of 11% on the prior year. Management expects the 2012 financial year to again be characterised by subdued system credit growth and intense competition. 

Computershare Limited (CPU) closed 1.97% lower at $6.95, after announcing reported statutory basic earnings per share of 47.53 cents for the year ended 30 June 2011, a decrease of 10.4% on FY10. Management-adjusted earnings per share were 55.67 cents, a decrease of 3.7% over the prior corresponding period. A final dividend of 14 cents has been declared, unchanged from the final dividend of last year. Total revenues fell 0.1% on FY10 to $1,618.6m. Management has provided a cautious outlook for FY12 due to the impact and duration of current market volatility remaining unclear. 

Major stock rises: 

• Iluka Resources Limited (ILU)            $16.08             +12.45%
• Harvey Norman (HVN)                       $1.96   +8.89%
• JB Hi-Fi Limited (JBH)                        $15.45 +6.70%
• Cochlear Limited (COH)          $69.18 +6.43%
• Alumina Limited (AWC)         $1.90   +6.15%

 Major stock falls: 

• Westfield Retail Trust (WRT)              $2.22   -7.11%
• Stockland Group (SGP)                                   $2.68   -3.60%
• Mirvac Group (MGR)                          $1.01   -3.37%
• QBE Insurance Group (QBE)              $13.88 -2.39%
• Qantas Airways Limited (QAN)                       $1.57   -2.18%

 I only wonder, what’s next?

 If you do have any questions about this or would like to know more about us, please email me at admin@bronsonfs.com.au  or give us a call on (07) 5577 8653

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.

Coca-Cola Amatil Limited (CCL) closed 1.62% lower at $10.69, after announcing an interim Net Profit after Tax (NPAT) of $234.1m before significant items, an increase of 5.5% on the prior corresponding period. Reported NPAT after significant items declined after including an $80.5 million after tax significant item relating to the restructure of the SPC Ardmona business. Management noted that the direction of current trading conditions in Australia remains uncertain. 

Cochlear Limited (COH) closed 1.56% lower at $65.00, after announcing an NPAT of $180.1m, up 16% on the prior corresponding period. Cochlear implant unit sales were up 17%, to 24,661 units. Management noted that there remains significant clinical demand for its products from both developed and emerging markets. 

Major stock rises: 

• CFS Retail Property Trust (CFX)          $1.61   +5.94%
• Westfield Retail Trust (WRT)              $2.39  +5.29%
• Toll Holdings Limited (TOL)               $4.18   +4.50%
• BlueScope Steel Limited (BSL)                        $0.97   +4.30%
• Bank of Queensland Limited (BOQ)   $7.14   +4.23%

 Major stock falls: 

• Seven West Media Limited (SWM)      $2.85   -5.32%
• Primary Health Care Limited (PRY)     $2.77   -4.15%
• Harvey Norman (HVN)                                   $1.80   -3.23%
• Computershare Limited (CPU)             $7.09   -3.14%
• Ansell Limited (ANN)                         $12.47 -2.96%

 If you do have any questions about this or would like to know more about us, please email me at admin@bronsonfs.com.au  or give us a call on (07) 5577 8653

 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.

JB Hi-Fi Limited (JBH) gained 7.4% to close at $19.83 after announcing plans to buy back up to 10% of its shares on issue, or approximately $170m worth of its shares, through an off-market share buy-back. JBH also downgraded its full year profit guidance on the back of costs associated with restructuring its underperforming Clive Anthonys business.

Major stock rises:

• JB Hi-Fi Limited (JBH)            $19.83 +7.42%
• Ten Network Holdings Limited (TEN) $1.28   +4.90%
• Crown Limited (CWN)            $8.06   +2.28%
• Ramsay Health Care Limited (RHC)    $18.65 +2.19%
• Seek Limited (SEK)     $6.53   +2.19%

Major stock falls:     

• Paladin Energy Limited (PDN) $3.64   -2.93%
• Goodman Group (GMG)         $0.69   -2.11%
• Macarthur Coal Limited (MCC)           $11.55 -1.95%
• Goodman Fielder (GFF)           $1.19   -1.24%
• OneSteel Ltd (OST)     $2.44   -2.44%

If you do have any questions about this or would like to know more about us, please email me at admin@bronsonfs.com.au  or give us a call on (07) 5577 8653

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.

 BHP Billiton Limited (BHP) gained 0.1% to close at $44.76 after announcing US$7.4 billion (BHP Billiton share US$6.6 billion) of capital investment to continue production growth in the company’s Western Australia Iron Ore operations. 

Major stock rises:

• Alumina Limited (AWC)         $2.39   4.37%
• Transfield Services Limited (TSE)       $3.21   4.22%
• Primary Health Care Limited (PRY)     $3.00   3.45%
• SIMS Metal Management Limited (SGM)        $17.16 3.12%
• QBE Insurance Group (QBE)  $17.60 2.98%

 Major stock falls:     

• Metcash Limited (MTS)           $4.01   -1.47%
• Myer Holdings Limited (MYR)            $3.17   -1.25%
• Mirvac Group (MGR)  $1.24   -1.20%
• Incitec Pivot Limited (IPL)       $4.30   -0.92%
• David Jones Limited (DJS)      $4.67   -0.64%

 If you do have any questions about this or would like to know more about us, please email me at admin@bronsonfs.com.au  or give us a call on (07) 5577 8653

 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.

The All Ordinaries index gained 18.3 points to end the day 0.4% higher at 4,734.1. 

Equinox Minerals Limited (EQN) gained 0.5% to close at $5.34 after Lundin Mining Corp. said its board “unanimously” recommends the copper mining company’s shareholders reject a C$4.8 billon hostile bid from rival Equinox Minerals Ltd. 

Major stock rises:

• Goodman Group (GMG)         $0.71   5.15%
• Ramsay Health Care Limited (RHC)    $17.29 4.79%
• DUET Group (DUE)    $1.56   2.96%
• Paladin Energy Limited (PDN) $3.69   2.50%
• Bendigo and Adelaide Bank Limited (BEN)    $9.08   2.14%

 Major stock falls:     

• Spark Infrastructure (SKI)       $1.07   -2.27%
• ASX Limited (ASX)     $34.18 -1.84%
• Woolworths (WOW)    $25.95 -1.70%
• Seek Limited (SEK)     $6.19   -1.59%
• Incitec Pivot Limited (IPL)       $4.18   -1.42%

 If you do have any questions about this or would like to know more about us, please email me at admin@bronsonfs.com.au  or give us a call on (07) 5577 8653

 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.

Billabong International Limited (BBG) ended the day 2.1% lower to close at $7.61 after downgrading its FY11 earnings guidance on the back of the series of natural disasters in Japan and NZ. BBG now expects NPAT to be 2-6% lower (in constant currency term) compared to the pcp. 

Major stock rises:

• Paladin Energy Limited (PDN) $3.70   13.50%
• Lynas Corporation Limited (LYC)       $1.88   7.41%
• Macarthur Coal Limited (MCC)           $10.95 5.69%
• OZ Minerals Limited (OZL)     $1.48   5.32%
• Caltex Australia Limited (CTX)           $15.75 5.14%

 Major stock falls:     

• Dexus Property Group (DXS)  $0.81   -2.98%
• Primary Health Care Limited (PRY)     $2.82   -2.42%
• Westfield Retail Trust (WRT)  $2.54   -2.31%
• Transfield Services Limited (TSE)       $3.05   -2.24%
• Billabong International Limited (BBG)            $7.61   -2.06%

 If you do have any questions about this or would like to know more about us, please email me at admin@bronsonfs.com.au  or give us a call on (07) 5577 8653

 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.