Mercedes

August 2013


Investing

Ausenco deals with lower expectations

28 August 2013 | PSI

ExpectationsEngineering and construction company Ausenco has benefited from the mining boom and is a global player. Its fundamentals are reasonably sound, but brokers are bearish because of earnings pressure. Is this time to look at the stock?


Origin Energy less dim

26 August 2013 | PSI

OriginOrigin Energy has had a troubled period, but a recent debt raising has eased concerns. The company's stock fell sharply in late 2012, but has since tracked the ASX 100. The pressures are not going away, but the future does look brighter.


Amcor looks strong

19 August 2013 | PSI

CashAmcor has reported strong cash flow and is looking to make acquisitions in emerging markets. Net debt is reasonably high, but the company is likely to benefit from a weaker $A. Is all this factored into the price?


Worley gets unenthusiastic assessment

14 August 2013 | PSI

EngineeringWorley Parsons is a globalised provider of engineering services in the oil/gas, power, mining and infrastructure sectors. It shoudl be well placed in the commodity boom and the energy sector. But the stock has not performed well this year. It is down about 15% from February, although the share price has recovered by 20% from its June lows and is up in recent days. 


News

Devil's Dictionary

28 August 2013 | PSI

Devil's DictionaryHumorous insights into the strange behaviour of the Australian dollar, coal, what it means to get it wrong in finance, the glories of banks, and why travellers should only eat hamburgers if they want to please economists.


Economics

The continuing dangers in global finance

26 August 2013 | PSI


CapitalismCapitalism is very different in different parts of the world but the globalisation of the capital markets means that each country is seen as the same, at least by the traders. This means that the systemic risk has not gone away. A reflection on the bigger picture that suggests super investors should continue to be cautious, there are few certainties.


Signs of life in global economy

29 August 2013 | PSI

AustraliaThe global economy is sputtering to life as the developed world gets over the shock of the GFC. There is a long way to go, but there will be repercussions for Australia in the form of a weaker currency, and a less skewed economy. Investors may benefit form looking offshore.


Super

SMSF supervisory levy increases

05 September 2013 |

The SMSF supervisory levy has changed since its inception. The Government has repeatedly reaffirmed its commitment to encouraging people to fund their own retirement by way of the superannuation system. At the same time, the former government wanted to share in the wealth creation by increasing the SMSF Supervisory levy by 575% over the past five years. The government says that the administrative costs that need to be recouped, to make system pay its own way.


ATO publications for SMSF

01 September 2013 |

Helpful information for SMSF beginners


Mercedes

 

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Mercedes