Glenn Dyer, Author at ShareCafe

Earnings: Dec 31 A Bit Better Than Thought

February 28, 2011 - by Glenn Dyer

The Australian December half earnings reporting season finished today with several large groups reporting interim of full year results See the Diary).

Commodities: Oil And Gold Still Strong, But Corn, Wheat And Others Jump

February 28, 2011 - by Glenn Dyer

Oil prices ended higher but off their peaks on Friday after Saudi Arabia let it be known that it had raised production by around 8% to (to above 9 million barrels per day) make up for a near halt in Libyan exports.

DIARY: Local Rates, Growth, US Jobs, Oil, Ireland

February 28, 2011 - by Glenn Dyer

The economy dominates Australia this week, with the Reserve Bank board meeting tomorrow, the fourth quarter economic growth figures out on Wednesday, after the current account figures and other data today and tomorrow.

Results: Behind The Story At Woolies And Harvey Norman

February 28, 2011 - by Glenn Dyer

The interim results from Woolworths and Harvey Norman summed up the marketplace for the country’s retailers.

Results: Surprises From Pac Brands, Origin, Fairfax

February 25, 2011 - by Glenn Dyer

Three results yesterday from Pacific Brands, Origin Energy and Fairfax Media all disappointed for one reason or another, and investors gave the trio a caning,

Feature: Living With Expensive Oil

February 25, 2011 - by Glenn Dyer

The gradual disintegration of Libya, coming after the collapse of the regimes in Egypt and Tunisia, plus demonstrations in Algeria, Bahrain, Yemen and talk of unrest on Saudi Arabia has combined to send oil prices higher.

Insurance: Behind The Quakes

February 25, 2011 - by Glenn Dyer

This week’s Christchurch earthquake will make the list of very significant (or even the highest level, super catastrophic) insurance events for 2011.

Results: IAG A Poster Company For Insurers’ Problems

February 25, 2011 - by Glenn Dyer

If you had to pick one result from the 2,000 or so interims and finals we are seeing at the moment that best illustrates the vagaries of modern business life, but also how companies of all sizes have to guard against sudden, unexpected events, then Insurance Australia Group is the one.

Economy: Resources Investment Boom Accelerates

February 25, 2011 - by Glenn Dyer

Yes, the December quarter capex figures from the Australian Bureau of Statistics yesterday were important for the 4th quarter growth figures to be released next Wednesday and for confirming that the resource boom is still alive and slowly taking shape.

Results: Macmahon, Macarthur Coal, Worleyparsons, Asciano

February 24, 2011 - by Glenn Dyer

Yesterday’s profit reports from the resources and linked sectors brought the good, the bad and the indifferent.

Results: AGL, Virgin Blue

February 24, 2011 - by Glenn Dyer

AGL Energy confirmed a lower first half profit yesterday, thanks to the wet weather at the end of 2010.

Disasters: Why The Latest NZ Quake Is A Big Deal

February 24, 2011 - by Glenn Dyer

The total impact of the two earthquakes at Christchurch will top 10% of New Zealand’s annual economic output, but it shouldn’t cripple the economy or cause a debt blow out.

Results: Coke’s Fat 2010 Profit

February 24, 2011 - by Glenn Dyer

Coca-Cola Amatil Ltd shares rose yesterday after the company delivered on its lowered guidance for the year to December, and indicated that it had made a solid start to 2011.

Sales: David Jones Tops Myer

February 24, 2011 - by Glenn Dyer

David Jones, Australia’s second-largest department store chain, may have joined the victims of consumer caution brigade among our retailers in the first half of 2011, but it certainly did better than arch rival, Myer.

Deals: Punters Pile Into BHP

February 23, 2011 - by Glenn Dyer

BHP Billiton has joined the great American unconventional gas rush, after basically missing the boat in Australia in so far as coal seam methane and other new gas sources are concerned.

Results: Mirvac, Seek, Sonic, Mondadelphous

February 23, 2011 - by Glenn Dyer

Property group, Mirvac lost $12.7 million in the six months to December 31 after making a $215 million provision for loss on inventories.

Profits: OneSteel Shares Down Despite Higher Dividend

February 23, 2011 - by Glenn Dyer

OneSteel’s South Australian iron ore export business has once again helped the group cushion the impact of an uneven market here and offshore for steel.

The Economy: Business Confidence, Conditions Fall

February 23, 2011 - by Glenn Dyer

Business conditions softened noticeably again in the December quarter under the weight of sagging profitability and ahead of the impact of the January floods in Queensland and northern Victoria, and Cyclone Yasi at the turn of the month and early February.

Results: Bush Media Companies Do OK

February 23, 2011 - by Glenn Dyer

We saw solid results from regional media groups, Austar and Southern Cross yesterday, with both reporting improved levels of profitability.

Results: Woodside Does OK

February 22, 2011 - by Glenn Dyer

Even though Woodside Petroleum, Australia’s biggest oil and gas company, disappointed some analysts with the its 2010 result yesterday shareholders won’t have much to complain about with a higher final and full year dividend.

Results: Caltex, UGL, Fantastic Furniture

February 22, 2011 - by Glenn Dyer

Caltex Australia Ltd has more than doubled its full year dividend after a solid net profit for the year to December 31, sending the shares to a new 52 week high during trading yesterday.

Deals: Stokes Reshuffles His Empire

February 22, 2011 - by Glenn Dyer

The proposed purchase by West Australian Newspaper Holdings of Seven Media Group in a $4.1 billion deal will expand Kerry Stokes’ hold on the Australian media (and especially in Western Australia) and give him the capacity to do more deals.

Results: BlueScope – Amcor

February 22, 2011 - by Glenn Dyer

Bluescope Steel shares were sold down yesterday after the company produced what many investors said was a disappointing interim report and outlook.

Results: Flight Centre Lifts Dividend After Strong Half

February 22, 2011 - by Glenn Dyer

Travel group, Flight Centre expects its sold first half growth rate will run out of puff in the next few months of the 2011 financial year.

Markets: Bulls Still Running Free

February 21, 2011 - by Glenn Dyer

Wall Street’s bull run continues unabated.

Earnings: A Big Week In Australia

February 21, 2011 - by Glenn Dyer

In Australia, the December half earnings reporting season climaxes this week.

Updates: Fortescue-ANZ

February 21, 2011 - by Glenn Dyer

Investors will be looking for Fortescue Metals Group shares to come out of a trading halt this morning with the company telling the market if it is going to appeal a Federal Court Full Bench decision that supported an appeal from the corporate regulator against a lower court decision that had rejected ASIC’s claims that the iron-ore producer misled the market in 2004.

Commodities: A Silver Week For Coffee

February 21, 2011 - by Glenn Dyer

Silver stood out on Friday with a run up to new 31 year highs.

DIARY: Stokes’ Deal, Australian Earnings, Capex, US GDP

February 21, 2011 - by Glenn Dyer

The coming week will see earnings and capital spending data released in Australia, a speech by Reserve Bank Governor Glenn Stevens, his first for 2010 and the second estimate of US 4th quarter economic growth.

Markets 2: ‘Sweet Spot’ Still There?

February 18, 2011 - by Glenn Dyer

America’s Standard and Poor’s Index is up 27% in five months and has doubled in the last two years (from a low in early March, 2009 of 666.79).

Markets 1: Too Much Optimism, Too Much Complacency?

February 18, 2011 - by Glenn Dyer

Is it time to be worried about the market’s current phase?

Profits: Qantas Recovers, Says Will Do Better, No Dividend

February 18, 2011 - by Glenn Dyer

Qantas posted a more than four-fold increase in first-half net profit in the December half, revealed plans to add more planes to its fleet and revamp its schedule to try and defend itself against a revitalised Virgin Blue, and once again forgot shareholders.