- Ouchalways know your downside
- A resurging sector in the debt markets
- Relax its all explained here with some deep insight
from one of the financial worlds luminaries
Before we get down to business, last week my publisher and I
recorded a video detailing the biggest industry disruption in
Australia for 100 yearsand the huge opportunity coming out of
This morning we finally released it.
When you get a moment today, grab some headphones or earphones,
and give it a
watch. Itll be worth your while.
Nowjust when the Aussie market looked to be brewing for a bit of
a run higher, the US market throws in its worst session since
The S&P500 was down 1.4% overnight (our time).
Lets see how
Aussie stocks hold up today.
Earnings season rolls on. Results have been slightly choppy
across the board. You have to feel for shareholders in
ResApp [ASX: RAP].
The shares were absolutlely hammered on Wednesday. Down 78% on
the close, and theyre unlikely to bounce back any time soon.
As a trader I know says, if the market gives you time to
panic, its already too late. Its a good example of why risk
management is the most important thing you can control as an
Even Nick Scali took a 15% hit yesterday despite the fact the
company posting a record net profit. Boss Anthony Scali suggested
some store sales might slow. Cue sell-off. You have to know what
type of investor you are there. If youre in it for the long-term,
you can probably ride that one out.
Like I said, a bit choppy. Mind you, the banks seem to be doing
ok. Commonwealth Bank logged a $9.9 billion profit earlier in the
And now NABs [ASX: NAB] latest trading update
says cash profit is up and doubtful debts down.
$675 million for Peppertoo
You might remember I mentioned that non-bank lender
Pepper Group [ASX: PEP] had received a takeover
offer last month. There a question over whether it would get
Well, its now confirmed Peppers management are going for it.
Shareholders still need to approve the deal. Interestingly,
investment group Perpetual hold a 12% stake in Pepper and will vote
Perpetual is saying the $3.60 offer price undervalues the
company. Im inclined to agree with them...