Good Shares to Buy

BlueScope Steel decline

Japanese shares market

Are we in Japanese style of share market for the next few years? If you think that the years between 2000 and 2003 look bad, get last 30 years chart of Nikkei 225. Keep in mind that on December 29, 1989 the Nikkei 225 had an intra-day high of 38,957. It should not be as bad in our part of the world but the sky in not a limit any more.

Babcock & Brown Communities

Babcock & Brown Communities (BBC) formally rejected Prime's offer of A $A130m in scrip for 40% shares, backing instead a rival proposal by Lend Lease. Analysts at broker Merrill Lynch said BBC would fit in with Lend Lease's own Retirement by Design brand and take a higher share of the market.  BBC shares are trading at $0.36 on 6th of October.

Short selling on ASX

Fairfax Media Digital

Fairfax Media Ltd (FXJ) which last month announced staff cuts of 550 people at its newspaper division, added 100 people to its Fairfax Digital division in 2008 financial year. Fairfax Media Digital division intends to increase its share of the Internet advertising market. The division's chief executive, Jack Matthews, said the business was outperforming the rest of the market and they need to invest in that growth. "The division boosted earnings by more than 50 percent in Australia and New Zealand last financial year, underpinning a 47 percent rise for the Fairfax group". FXJ shares are trading at $2.83.

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

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.

Nufarm Shares Surge