Michael Gable Managing Director and founder of Fairmont Equities brings the latest stock tips for August 8, 2016. Featured stocks include Capilano Honey, Monadelphous Group, Downer EDI and Bellamy's Australia.
Downer EDI Limited
Michael Gable Managing Director and founder of Fairmont Equities brings the latest stock tips for July 25, 2016. Featured stocks include Austal Limited, Downer EDI Limited, Adelaide Brighton Limited, Mirvac Group and REA Group Limited.
Coalspur Mines Limited (ASX:CPL) (TSE:CPT) (PINK:CSPZF) is pleased to announce that the BFS for Vista Coal Project has now commenced and is scheduled for completion by December 2011.
The Australian stocks market opened higher for a fourth straight day led by financial sector. The benchmark ASX 200 share index was up 0.36 per cent while the broader All Ordinaries increased 0.26 per cent in early trade.
The Australian shares Tuesday posted losses for the sixth consecutive day as Asian markets were widely lower. Chinese market dropped more than 4 per cent due to a massive sell-off after the Agricultural Bank of China offered a lower-than-expected price in its Shanghai tranche IPO. Investors feared that this could be a signal of slow-down in fresh investment into Chinese equities.
Australian Market Report of June 1, 2010: Cape Lambert (ASX:CFE) Completed Sale of Lady Annie Project to China Sci-Tech (HKG:0985)
The Australian share market today started with a modest drop at opening while the US and UK markets closed overnight for public holidays. The local market could be driven by the economic data due out today, particularly the Reserve Bank of Australia's decision on official interest rates.
Shares in Downer EDI Ltd (ASX:DOW) surged after the engineering and infrastructure company Friday said it had been awarded preferred tenderer status on a A$3 billion six-year contract with Fortescue Metals Group (ASX:FMG).
Australian shares extended their losses today as the debt issues in Euro zone continued to perplex the global stock markets. The Australian stocks joined the slump in Asian region this morning with a 1.4 per cent fall in S&P/ASX200 index at opening. Japan's Nikkei 225 shed more than 3 per cent in early trade, after the market closed for public holiday for three days.
Yesterday, the Australian share market closed slightly weaker despite a cut to official interest rates and a drop in the oil price. The benchmark S&P/ASX200 was down 2.3 points, or 0.04 per cent, to 5,116, while the broader All Ordinaries fell five points, or 0.1 per cent, to 5,195. The Australian stock market may continue the decline today with US equities and commodities down overnight.
Downer EDI (ASX:DOW) Signs Contracts Worth Over A$1 Billion With Peabody Pacific For Open Cut Coal Mining Projects
Downer EDI Limited (ASX: DOW)(PNK: DNERF) today announced that the company's Mining Division, Downer EDI Mining, has signed long-term contracts with Peabody Pacific Pty Limited (Peabody) for its Millennium and Wambo open cut coal mining projects.