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WREN RESEARCH

Brokers say 2009 earnings a write off

As we head into the last few weeks of the financial year, brokers are continuing to downgrade their 2008-09 earnings estimates. Our May survey shows that analysts are forecasting profits to slide by around 7.2% and only rebound modestly in 2009-10. If the consensus is correct, this would make it the worst year for corporate profts in more than a decade. More
 
 

 IN THE NEWS
Superannuation Q&A (The Eureka Report - 3 Jun 2009)
 
 
Strong demand for financial planning businesses (The Australian - 8 Apr 2009)
 
 
Capital protection proves popular with investors (The Australian - 1 Apr 2009)
 
 
Superannuation Q&A (The Eureka Report - 25 Mar 2009)
 
 
Which is better joint owners or tenants in common? (The Australian - 18 Feb 2009)
 
 
What's an appropriate period to invest in bank deposits? (The Australian - 4 Feb 2009)
 
 
Superannuation Q&A (The Eureka Report - 3 Dec 2008) 
 
World Financial Crisis: Questions & Answers (CommSec Report - 13 Oct 2008) 
 
 
Run your investment club without losing friends or money (The Australian - 10 Sep 2008)
 
 
Capital guaranteed: the fine print (Eureka Report - 1 Feb 2008)
 
 
Wealth Q & A (The Australian - 21 Nov 2007)
 
 
Wealth Q & A (The Australian - 14 Nov 2007)
 
 
Market dips are all part of the ride (Smart Company - Aug 2007)
 
 

The right way to profits in 2007 (The Australian - Feb 2007)
 

 
IML's review of the market for 2006 and our outlook for the year ahead (Investors Mutual - Jan 2007)
 
 
Rising temperatures (Charter - Institute of Chartered Accountants in Australia - Dec 2006)
 
 
Resources set to deliver big profits again (The Australian - Aug 2006)
 
 
Is emulating Warren Buffett impossible for retail investors? (ASA Equity - Dec/Jan 2006)  
     
 
 

More changes to super in Federal Budget

With most of the big policy changes being leaked to the media over the past fortnight, the 2009-10 Federal Budget did not contain too many surprises. But that doesn't mean it can be brushed aside. The Government's spending increases, changes to superannuation and the prospect of large, on-going budget deficits will have important implications for many investment strategies.More
 

Corporate earnings: bad but not disastrous


Spectacular asset writedowns have resulted in some record-breaking corporate losses in the latest reporting season but the overall picture is not all doom and gloom. According to our survey of 213 company results, average sales growth in the six months to 31 December was a respectable 8.3%, the median net profit margin was 7.8% and more than half the companies either maintained or increased their dividend payout. More


Global fund managers bet on Japan and UK

Our December quarter survey of global equity funds shows that Japan and the U.K. are still the preferred markets for international investors. Managers seem convinced that the U.S. and Asia are more vulnerable to weaker earnings than elsewhere and that the U.K. is a better bet than Continental Europe. They are also sitting on more cash than at any stage since late 2001. More





Brokers slash earnings estimates

The latest Wren Research survey of analyst earnings estimates points to a deepening level of pessimism in the broking community. Our November results show that profit growth is expected to be a meagre 1.7% in the 2009 financial year and may fall even further if the profit announcements in February/March are disappointing. More


Investment property numbers don't add up

Borrowing to invest in residential property has been one of the most popular and effective ways for retail investors to build wealth. By any yardstick, its track record is outstanding with gross total returns averaging 14.1% per annum since 1980.
More
 

 

 
T R A D I N G  &  M A R K E T S


N E W S   F L A S H

New 'Work Bonus' for Age Pensioners

Small Business and General Business Tax Break

Federal Budget 2009-10

US Treasury's 'toxic debt' plan

Upper deeming rate cut from 5% to 4%

ATO Self-managed super fund statistical report

Temporary Investment Allowance

Education Tax Refund

Access to super if you have a terminal medical condition

F I N D   I T   H E R E

Warren Buffett's Annual Letters to Shareholders

Yields on Australian Government Bonds and Notes (RBA)
 
Current land tax rates - Victoria

F I N A N C E   T O P   T E N
 
Oldest companies on the ASX
(by official listing date)
 
1
BHP Billiton
Aug-1885
2
Santos
Oct-1954
3
Tooth & Co
Jul-1961
4
Alumina / WMC
Oct-1961
5
Orica
Nov-1961
6
Crane Group
Feb-1962
7
CSR
Mar-1962
8
Adelaide Brighton
May-1962
9
Amalgamated Holdings
Brickworks
Coal & Allied
GUD Holdings
Hills Industries
Lend Lease Corporation
McPherson's
Steamships Trading Co
Wattyl
Jun-1962
10
Washington Soul Pattinson
Gowing Bros
Jul-1962
     

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