STOCK RESOURCE is an Independent Research Group that provides analysis of ASX listed stocks, presenting results to Members in a weekly electronic report. We are a Market Leader in the Resource Sector and our highly regarded analytical team includes both mining and financial industry professionals.
Following a recent strategic review, parent company Breakaway Investment Group decided to close the Stock Resource business with effect from 31 March 2012. The Stock Resource website will remain live until 30 April 2012 in order to enable Members to access archive reports.
Related company LimeStreet Capital operates the LSC Australian Resources Hi-Alpha Fund – a managed fund investing in the resource sector. It continues to achieve industry leading returns – rising 36.7% for the 3 years ending 31 January 2012; easily outperforming industry benchmarks. The following chart illustrates that, since its inception in mid 2008. (Note: Past performance is not a reliable guide to future performance, and investors should be aware that returns can be negative.)
Source: LimeStreet Capital
For a copy of the PDS send your details to:
info@limestreetcapital.com or phone +612 9262 1363 or visit the company’s website at limestreetcapital.com
| WORLD INDICES |
|---|
| Dow Jones |
12369.38 |
-73.1 |
| NASDAQ |
2778.79 |
-34.9 |
| FTSE 100 |
5267.62 |
-70.8 |
| Hang Seng |
18951.85 |
-249.1 |
| Nikkei |
8611.31 |
-265.3 |
| ASX 200 |
4046.5 |
-110.9 |
| Updated daily |
| ASX SUB-INDICES |
|---|
| ASX 50 |
4066.0 |
-112.1 |
| Materials |
9599.2 |
-310.4 |
| Energy |
12354.6 |
-338.4 |
| Industrials |
4515.9 |
-156.2 |
| Property Trusts |
845.3 |
-16.9 |
| Consumer Staples |
7656.4 |
-115.8 |
| Telecommunications |
1208.0 |
-20 |
| 20 min. delay |
| EXCHANGE RATES |
|---|
| A$/US$ |
0.98454 |
| US$/Rand |
8.34875 |
| Euro/US$ |
1.27812 |
| GBP/US$ |
1.58178 |
| US$/Yen |
79.015 |
| 20 min. delay |
|
| RESOURCE INDICES |
|---|
| CRB Futures |
300.4 |
+0.0% |
| NYSE Energy |
12,314 |
+0.0% |
| Dow Jones Non-Ferrous |
474.5 |
+0.0% |
| S&P/TSX Gold |
302.8 |
+0.0% |
| Philadelphia Gold & Silver |
161.0 |
+0.0% |
| JSE Gold |
2,178 |
+0.0% |
| Updated Daily |
| COMMODITY PRICES |
|---|
| Gold US$/oz |
1,629 |
+0.0% |
| Silver US$/oz |
31.16 |
+0.0% |
| Platinum US$/oz |
1,553 |
+0.0% |
| Aluminium c/lb |
92 |
+0.0% |
| Copper c/lb |
368 |
+0.0% |
| Nickel c/lb |
792 |
+0.0% |
| Lead c/lb |
94 |
+0.0% |
| Tin c/lb |
960 |
+0.0% |
| Zinc c/lb |
90 |
+0.0% |
| Light Sweet Crude US$/bbl |
103.0 |
+0.0% |
| Updated Daily |
|
| ASX ANNOUNCEMENTS |
| SUH |
18-May-2012 19:30:00 |
Technical Report - Llahuin Copper Project |
| KNH |
18-May-2012 19:18:00 |
Award of New Project |
| TBR |
18-May-2012 18:15:00 |
On Market Share Buyback |
| RMP |
18-May-2012 18:09:00 |
RRS: Lodgement of Open Briefing Puntland |
| RRS |
18-May-2012 17:39:00 |
Lodgement of Open Briefing Puntland |
| SPS |
18-May-2012 17:38:00 |
Settlement of Litigation and Debt Reduction |
| ICN |
18-May-2012 17:18:00 |
Windom 1 Well Update |
| MGR |
18-May-2012 17:06:00 |
MGR Change in Distribution Policy |
| CNK |
18-May-2012 17:01:00 |
Suspension from Official Quotation |
| NIO |
18-May-2012 16:35:00 |
Response to ASX Query |
| GMY |
18-May-2012 16:24:00 |
Admission to the Official List |
| SPS |
18-May-2012 16:03:00 |
Debt Conversion |
| PNW |
18-May-2012 15:57:00 |
Melbourne Radio Operations Pty Ltd - DOCA |
| MDG |
18-May-2012 15:41:00 |
Loss expected for year ended 31 March 2012 |
| FLK |
18-May-2012 15:26:00 |
Sale of minority interest in Donnybrook Road project |
| NMG |
18-May-2012 15:25:00 |
Response to ASX Price and Volume Query |
| EGH |
18-May-2012 15:17:00 |
Market Update |
| SCR |
18-May-2012 14:51:00 |
Hannans - Extension of Off-Market Takeover Offer Period |
| TEN |
18-May-2012 14:43:00 |
Update on strategic review of Eye Corp |
| SLT |
18-May-2012 14:34:00 |
Select appoints Managing Director Elect |
WORLD NEWS HEADLINES
- US Market Report. Stocks fell on Friday as investors turned cautious before leaders of the Group of Eight nations met about the euro zone debt crisis and after a shaky market debut by Facebook Inc
- World Market Report. An updated report of the world's latest market movements
- Greek officials say Germany's Chancellor Merkel has suggested a euro referendum, but Berlin denies the report, as world leaders gather in the US for a G8 summit meeting
- Facebook shares are trading flat on their stock market debut, having initially jumped more than 10% to $42 within minutes of trade beginning
- Shares in internet giant Yahoo rise 5% on reports that it is close to selling its valuable stake in Alibaba Group, the Chinese e-commerce company.
- Spanish banks' bad loans rose in March to their highest in 18 years, underscoring the problems facing the government as it drafts in independent auditors in an attempt to reassure investors it can clean up the sector.
- JP Morgan chief executive Jamie Dimon will appear before a Senate committee to explain the bank's $2bn trading loss on a failed hedging strategy
- Sony Pictures and major cinema operators are locked in a standoff over who will pay for 3-D glasses for “Men in Black 3,” a major summer release a week away from its debut
- Chinese property prices continued to fall during April after the government kept policies in place to curb speculation
- General Motors Co will not advertise in next year's Super Bowl because it is too expensive, the top marketing executive for the U.S. automaker said three days after the company said it was dropping paid ads on Facebook
- Chinese dealers are struggling with the rising number of unsold cars that’s threatening to deepen price cuts, according to the nation’s biggest automobile dealers’ association
- The US has said it will impose tariffs of about 30% on imports of solar panels from China
- The London Stock Exchange has reported higher-than-expected annual profits thanks to acquisitions and expansion
- Brazilian iron ore miner Vale is confident it will win a dispute over taxes the government claims the company owes on earnings abroad, CEO Murilo Ferreira said on Friday
- China has allowed more companies to export rare earths, increasing the quotas set by the government, after they met environment standards
- A duplex penthouse at a tower under construction on Manhattan’s West 57th Street went under contract for more than $90 million, setting a record for a single residence in the borough
- Payrolls increased in 32 US states in April, while the unemployment rate dropped in 37, indicating the labor market improved across much of the country
- Canadian consumer price inflation accelerated last month on higher prices for automobiles and clothing, supporting the view that interest rates will probably rise sooner than in the U.S
- Mitsubishi Heavy Industries Ltd. and Japan Aerospace Exploration Agency made their first commercial satellite launch in a challenge to European and Russian services
- State Bank of India Ltd., the nation’s largest lender, gained the most in more than two months after posting a record profit in the fourth quarter, beating analysts’ estimates
- Spain's Repsol oil company says a first attempt to find oil off Cuba's northern coast has been unsuccessful
- Rio de Janeiro hotel owners have agreed to cut prices during a major UN summit next month, amid fears that spiralling costs were putting off visitors.
- South Africa’s economic growth in the first quarter will probably be slower than forecast after weak mining and manufacturing production, and retail sales data, Finance Minister Pravin Gordhan said
