Good Shares to Buy

Is Tabcorp a buy?

Babcock & Brown shakeup

In last two days it is hard not to notice Babcock & Brown Ltd (BNB) shares being aggresivly hit by short-selling. The troubled investment bank lost aroud 40 percent of its value in just two trading sessions.  Babcock & Brown market capitalisation has fallen below $2.5 billion, less than a quarter of what it was in mid-2007. The sharp decline has triggered a review of the bank's $2.8 billion debt facility.  It is hard to see how Babcock & Brown will emerge from this drastic shakeup. Peter Meany, the head of listed infrastructure securities for Colonial First State, said "Australia has been the worst performing infrastructure market in the world in the past year, because the gearing structure of the vehicles has changed the defensiveness of the underlying assets," but eventually, "infrastructure companies that control assets with monopoly characteristics and are focused on delivering operating performance will come out on top".

NYSE Birthday

Wesfarmers shareholders

AWB upgraded profit

Share trading game

City Pacific shares plunge

Wesfarmers positive outlook

Telstra strong results

Telstra (TLS) seems to be a safe bet for now. The company has exceeded expectations with a 13 per cent rise in first-half profit, very close to $2 billion dollars. This result  was helped by rapid mobile phone and broadband subscriber growth. The shares are trading around $ 4.80 on Thursday afternoon.

Shares are crashing

I think that buyers did not come back from a holiday yet. And the traders are pushing the shares to new lows again. This day will go to the history of share market. Today the benchmark S&P/ASX200 index suffered its biggest one day drop since October 28, 1997, falling 7.05 per cent  to 5186.8 points. And the All Ordinaries index fell 7.26 per cent to 5222 points. At the moment with the market P/E at around 12 all shares seem to be good to buy.

MFS in trading halt

MFS tourism property investing company market capitalisation has plummeted from $3.2 billion to $478 million over the past few months. The shares slumped 69 percent on Friday amid concerns over the size of the company's debts. The position of CEO, Michael King, appeared uncertain after board discussions on his future. However, Mr King was understood to be still at the helm yesterday. MFS said proposals from a number of different organisations had been received and were being considered. It is hard to see how much value the shares present at this stage.

TEN shares undervalued

Zinifex is Cash Rich

Nufarm Shares Surge

Travel.com.au Takeover

Carlyle bid for Coates Hire

RAMS Mortgage lender

Mortgage lender, RAMS Home Loans Group (RHG) which listed at  ASX on July 27 with a price of $2.50 had a very wild ride so far.  Shares dropped as low as 86 cents two weeks ago, recovering to around one dollar by the end of August. RAMS will move to refinance loans worth over $6 billion in a bid to minimise losses. In what is believed to be a first for an Australian issuer, RAMS invoked a clause forcing lenders in the United States to extend its loan period by 180 days. This will give the mortgage provider time to put in place alternative financing, believed to be based on securitisation.

MacBank Sharply Down

Macquarie Bank (MBL) warned that two of its funds could lose a quarter of their value due to 'price volatility' in the United States (US) senior loans market. Macquarie Fortress Investments director, Peter Lucas, said the fallout from the sub-prime mortgage crisis had created 'supply demand unbalances' in the loans market. While the listed Macquarie Fortress Notes and the unlisted Macquarie Fortress Fund do not have any direct exposure to US sub-prime mortgages, both are highly leveraged. The share price is down nearly 8% to $76.60 in midday Wednesday trading. Later on Macquarie Bank chief executive, Allan Moss claimed this week's sudden downturn in the Australian stockmarket had been an 'over-reaction.' The sharp fall has wiped more than $2.4 billion from Macquarie's market capitalisation. Mr Moss said, 'The Australian economy is in a good shape, the global growth story is basically intact."

Google Growth Rates

Google in the first half of 2007 Google controled a 39.8 percent market share of all online advertising in the U.S. And that compares to a 34.6 percent share in the first half of 2006, based on IAB (Interactive Advertising Bureau) data for that period. Following is the math: $3.98 billion (Google’s U.S. revenues in the first half of 2007)/$9.99 billion (IAB’s estimate of total U.S. online ad revenue in 1H07) = 39.8 percent. This shows that Google is outpacing the growth of online advertising by a wide margin. Total online advertising revenues grew 26.5 percent year-over-year, while Google’s ad revenues grew 45.7 percent.

Marketable Parcel

Marketable parcel means a parcel of shares with a total value of more than $500. To save administrative costs of sharehoders registration many listed compnies in Australia are buying back shares from investors who hold less then marketable parcel of shares. This trade in most cases will be commission free.