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Markets Live: Week ends with a bang

Date

Patrick Commins, Jens Meyer

Shares rise, posting their biggest weekly gain since February, with BHP boosted by demerger talk and Telstra rallying again.

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  • NAB are garbage. ANZ has a good strategy but are burning a lot of cash to deliver it. WBC is so fixed cost focused it will hurt them in the end. CBA is overvalued but will always be the biggest in OZ imho.

    Commenter
    DR
    Location
    syd
    Date and time
    August 15, 2014, 4:36PM
  • NAB are garbage. ANZ has a good strategy but are burning a lot of cash to deliver it. WBC is so fixed cost focused it will hurt them in the end. CBA is overvalued but will always be the biggest in OZ imho.

    Commenter
    DR
    Location
    syd
    Date and time
    August 15, 2014, 4:36PM
  • Did some STW Group (SGN) nibbling at $131.5... mmm tasty!

    Commenter
    GS
    Date and time
    August 15, 2014, 4:01PM
    • "Shanghai rebar steel futures have dropped close to their lowest on record on weak demand that has spurred Chinese producers to cut production,"

      Housing boom!

      Commenter
      Allan
      Location
      Prahran
      Date and time
      August 15, 2014, 4:01PM
      • Who exactly is entitled to TLS buyback shares. How long do you have held shares?

        Commenter
        RReagan
        Date and time
        August 15, 2014, 3:49PM
        • Automotive holdings (AHE) didn't tank today like I wanted after results. Dividend way too juicy to see big falls. And if they do fall... score!!!

          Commenter
          GS
          Date and time
          August 15, 2014, 3:48PM
          • Do I detect a few burning short BHP positions?
            Of course the share price will go up on the confirmation that a demerger is the preference. The two companies separately will be more than the present BHP, and both belong to the present BHP shareholders.
            R.

            Commenter
            Roadsta
            Location
            Brisneyland
            Date and time
            August 15, 2014, 3:47PM
            • Excitement over BHP's demerger non-announcement even harder to fathom given it represents just 7.3% of their market cap. Suspect a smokescreen to distract from the big falls in commodity prices this week oil -2.8%, iron ore -2.6%, copper -2.8%.

              Commenter
              aafg
              Location
              sydney
              Date and time
              August 15, 2014, 3:23PM
              • The only problem with the strategy is that once mines move from high return ones to lower return ones that need lots of capex, one must find some new high return mines to replace them with or else it's a never ending spiral of low dividends to shareholders and trucks loads of earnings going into capital requirements.

                Commenter
                commodity turkey
                Date and time
                August 15, 2014, 4:19PM
            • Why did labour leave us in such a mess, what on earth was Swan doing all day? Too busy writing check he couldn't cash. Poor Hockey has to fix the mess that they have inherited, tough gig. Might send him one of my finest cigars ;)

              Commenter
              :)
              Date and time
              August 15, 2014, 3:21PM
              • If Labor left such a big mess why do we have a AAA credit rating. Why wass our economy the envy of the world. Why do we now have a Treasurer who doesn't understand basic economics.

                Commenter
                mitch of ACT
                Date and time
                August 15, 2014, 4:01PM
              • The profligate decisions are always taken during the boom years. On the flip-side, the hard decisions - the ones that actually constitute real reform - are usually taken during the lean years.

                Commenter
                Dr No
                Location
                Sydney
                Date and time
                August 15, 2014, 4:07PM
            • BHP demerger of $14b basically represents a write-off in assets of the same or higher amount because of previous merger with Billiton. Have a missed something why is the share price up on these news?

              Commenter
              Viking
              Location
              Sydney
              Date and time
              August 15, 2014, 3:14PM
              • You'll get shares in both companies just as you did with Onesteel and Bluscope representing the total of the two companies. Then as shareholders you will be free to sell the spin-off shares.

                Thus it is a way for BHP to offload the non core assets. Hopefully also the core assets will then reflect their substantial earning capacity and trade at a higher PE.

                Shareholders ultimately have choice in holding oil, copper and iron ore assets or a company with Al, Ni and thermal coal.

                Commenter
                Considered
                Date and time
                August 15, 2014, 4:15PM
            • The banks look like the 'Norwegian Blue' or what do you think?

              Commenter
              Viking
              Location
              Sydney
              Date and time
              August 15, 2014, 3:09PM
                  • @harry Re DRM i see commbank topping up too,but i have been cycle trading then [DRM] and its worked out for the better so far...bit lower than usual of late and really i cant find an explanation,guess light vols means nothing to cheer.
                    mostly 60s buy in 80s sell out then round we go again...25%

                    Commenter
                    BearshapedBull
                    Location
                    Mugpunters Lounge
                    Date and time
                    August 15, 2014, 2:59PM
                  • @harry Re DRM i see commbank topping up too,but i have been cycle trading then [DRM] and its worked out for the better so far...bit lower than usual of late and really i cant find an explanation,guess light vols means nothing to cheer.
                    mostly 60s buy in 80s sell out then round we go again...25%

                    Commenter
                    BearshapedBull
                    Location
                    Mugpunters Lounge
                    Date and time
                    August 15, 2014, 2:59PM
                  • If banks were a little more ethical they wouldn't be spending $millions defending and compensating for unethical behaviour. Being the bank of choice must be worth a boost to the bottom line.

                    Commenter
                    mitch of ACT
                    Date and time
                    August 15, 2014, 2:22PM
                  • If banks were a little more ethical they wouldn't be spending $millions defending and compensating for unethical behaviour. Being the bank of choice must be worth a boost to the bottom line.

                    Commenter
                    mitch of ACT
                    Date and time
                    August 15, 2014, 2:22PM
                  • ANZ

                    They haven't panicked enough for a top up. Tried today but a lot of reluctant sellers I would wait for a down day they only report 31/10 so plenty of ups and down till then.

                    Got more DRM today but lack of volume worries me a bit
                    Good luck all.

                    Commenter
                    Harry Rogers
                    Date and time
                    August 15, 2014, 2:22PM
                  • ANZ

                    They haven't panicked enough for a top up. Tried today but a lot of reluctant sellers I would wait for a down day they only report 31/10 so plenty of ups and down till then.

                    Got more DRM today but lack of volume worries me a bit
                    Good luck all.

                    Commenter
                    Harry Rogers
                    Date and time
                    August 15, 2014, 2:22PM
                • Whoa! FREE shares, thanks BHP!

                  And I bet BHP shares may even rise after the demerger. No baggage and less debt going forward.

                  Commenter
                  SamR
                  Date and time
                  August 15, 2014, 2:21PM
                  • Can anyone explain why BHP's announcement is news? This has been widely reported for months. If anything the size of the proposed demerger seems to have shrunk.

                    Commenter
                    aagh
                    Location
                    sydney
                    Date and time
                    August 15, 2014, 2:09PM
                    • Im $580k richer than I was 8 years ago, give or take ;) started working 10 years ago, you get my point ;) Market has been good to me.

                      Commenter
                      ;)
                      Date and time
                      August 15, 2014, 2:02PM
                    • Im $580k richer than I was 8 years ago, give or take ;) started working 10 years ago, you get my point ;) Market has been good to me.

                      Commenter
                      ;)
                      Date and time
                      August 15, 2014, 2:02PM
                    • Should get some nice downgrades on Monday and have it push down further and hopefully some general markets going risk off after Combank & Telstra go ex!

                      Commenter
                      GS
                      Date and time
                      August 15, 2014, 1:58PM
                    • ANZ worth topping up? 32.40ish
                      NAB i think is on the right track without cameron cline and some more firesales in the UK,might bring back some $$,they may be looking at asia for expansion also,but good for ANZ getting in large there,some of it questionable backing for those in power at the expanse of the poor,but hey whats a bank supposed to do...be ethical?

                      Commenter
                      BearshapedBull
                      Location
                      Mugpunters Lounge
                      Date and time
                      August 15, 2014, 1:47PM
                  • Have Telstra shares in SMSF for a short while. Should I have received buyback paperwork yet? Help appreciated.

                    Commenter
                    Magical1
                    Location
                    Sydney
                    Date and time
                    August 15, 2014, 1:46PM
                    • No. Not until after the record date of the offer.

                      Commenter
                      TP
                      Date and time
                      August 15, 2014, 2:03PM
                    • Simple.... No
                      You can go to Telstra, and get details

                      Commenter
                      Pistol Pete
                      Date and time
                      August 15, 2014, 2:04PM
                    • You haven't got the buy-back documents yet? TIME TO PANIC. Not really. The paperwork won't be mailed out until around the 4th September.
                      http://imagesignal.commsec.com.au/docserver/01542427.pdf?fileid=01542427&datedir=20140814&edt=MjAxNC0wOC0xNSsxNDoxMzo1MCsxMjArMCtjb21zZWMrcmVkaXJlY3QrL2ltYWdlc2lnbmFsL2Vycm9ycGFnZXMvUERGVGltZW91dC5odG1sKy9pbWFnZXNpZ25hbC9lcnJvcnBhZ2VzL3BkZmRlbGF5ZWQuanNw

                      Commenter
                      mitch of ACT
                      Date and time
                      August 15, 2014, 2:16PM
                    • You won't receive correspondence for a couple of weeks.

                      Commenter
                      Dravid
                      Date and time
                      August 15, 2014, 2:30PM
                  • @121pm telstra buyback
                    seems like small reward for most long term holders....only that a total of 926 shares ...wow,seems a bit token like,heres ya lot.when im sure most SMSF have a rather more substantial holding if they are serious.
                    peanuts i say but it would make a nice start to see companies rewarding longterm holders with tax efficient return.imho.

                    Commenter
                    BearshapedBull
                    Location
                    Mugpunters Lounge
                    Date and time
                    August 15, 2014, 1:42PM
                    • @BSB you can bet that fund managers are busy re-organizing their holdings of TLS into as many individual small parcels as they can.

                      Commenter
                      mitch of ACT
                      Date and time
                      August 15, 2014, 2:01PM
                    • Those off-market buy-backs used to be all the rage a few years ago with many of the majors doing it. Some even paid extra tax so that they could include a substantial f/f dividend component. Boost to ATO revenue (FDT). Now they are very rare but companies are sitting on a lot of cash and could use that for buybacks. No point in using the cash to expand in a shrinking local economy.

                      Commenter
                      mitch of ACT
                      Date and time
                      August 15, 2014, 2:11PM
                  • "Macquarie Group is today offering compensation to former and current clients who lost money through flawed financial advice given by its employees."

                    Banks behaving badly. Again.

                    Commenter
                    Allan
                    Location
                    Prahran
                    Date and time
                    August 15, 2014, 1:41PM
                    • Billionaire Lang Walker says Sydney, Melbourne house markets 'too hot'

                      And real Sydney prices haven't moved since 2004. Ouch.

                      Housing boom!

                      Commenter
                      Allan
                      Location
                      Prahran
                      Date and time
                      August 15, 2014, 1:20PM
                      • The housing market is both freezing cold and burning hot at the same time! It's a freak of nature...............Save the women and children!!!!

                        Commenter
                        Bad
                        Location
                        Maths
                        Date and time
                        August 15, 2014, 1:58PM
                      • nope. Sydney is expensive.

                        Commenter
                        angry
                        Location
                        renter
                        Date and time
                        August 15, 2014, 2:10PM
                    • My switch into Data 3 DTL is looking good,,
                      up 5% today and the trend goes on...

                      Commenter
                      Loki
                      Date and time
                      August 15, 2014, 1:14PM
                      • @Bearshapedbull there's no shame in working at maccas unless of course you're a vegetarian and value a nutritious diet and don't believe in using toys to sell junk food to kids. Apart from that you have no reason to be ashamed.

                        Commenter
                        Smarties
                        Location
                        You get in the bowl
                        Date and time
                        August 15, 2014, 1:12PM
                        • Lunchtime now?

                          Commenter
                          BearshapedBull
                          Location
                          Mugpunters Lounge
                          Date and time
                          August 15, 2014, 1:53PM
                        • Don't waste it bull you've only got 20 mins.

                          Commenter
                          The Colonel
                          Date and time
                          August 15, 2014, 3:34PM
                      • AMP

                        Come on what's happening to all your fund managers club mates why aren't they buying up your stock ??

                        I just want to let the dog out with due respect to management.

                        Commenter
                        Harry Rogers
                        Date and time
                        August 15, 2014, 1:09PM
                        • ANZ

                          Result fine in saturated Australian markets.

                          NAB still lots of house cleaning left.

                          CBA medium term high risk book also unethical practices will feed into book further viz MQG

                          WBC only analysed once and considered strategy all wrong .

                          ANZ by year end will prove Asian book of real value or? Only bank with a strategy atmongst all.

                          Holding ANZ.

                          All my opinion.

                          Commenter
                          Harry Rogers
                          Date and time
                          August 15, 2014, 1:06PM
                            • ANZ worth topping up? 32.40ish
                              NAB i think is on the right track without cameron cline and some more firesales in the UK,might bring back some $$,they may be looking at asia for expansion also,but good for ANZ getting in large there,some of it questionable backing for those in power at the expanse of the poor,but hey whats a bank supposed to do...be ethical?

                              Commenter
                              BearshapedBull
                              Location
                              Mugpunters Lounge
                              Date and time
                              August 15, 2014, 1:47PM
                            • Should get some nice downgrades on Monday and have it push down further and hopefully some general markets going risk off after Combank & Telstra go ex!

                              Commenter
                              GS
                              Date and time
                              August 15, 2014, 1:58PM
                          • Weren't we here 8 long years ago?

                            Commenter
                            Herman
                            Location
                            Prahran
                            Date and time
                            August 15, 2014, 1:06PM
                            • About foreign investment in our real estate:
                              (Relax, this is not another xenophobic rant. Think we had our quota of that today.)
                              It is important to understand quite how big this net investment is. A significant proportion (my guess - 80%+) of the 'Canadian' $5b is really Chinese Canadians who are prevented from further investment there. Few Canadians without overseas links have a real incentive to invest in our overvalued real estate market. (They have their own.)
                              My guess is that a good $10b of chinese money flowed into our real estate in 2013.
                              Why is this important? While of course a boost for real estate prices, this is yet another link between the Aus and Chinese economies. If whatever factors increase (or decrease) that stream of money into our economy, it will throw the smaller economy (i.e. us) around. This could have further major impacts (notably the A$ FX rate). No need to fear, necessarily, but we need to understand what is really happening.
                              R.

                              Commenter
                              Roadsta
                              Location
                              Brisvegas
                              Date and time
                              August 15, 2014, 1:04PM
                              • This is the point I was trying to make in my other post - that Canadian investment number is way too big for their population. Clearly something up and my guess is the same as yours- if you followed the money you would end up in HK or mainland China. Same with a lot of 'Aussie" buyers - many are ex Chinese students who have not got PR. Money is being sent from China (parents & other relatives). Parents are looking for a retirement place - their (adult) children live their until they can arrange (and pay for) the visa to bring them over.

                                Sale is put down as Aussie money but it is clearly not.

                                Commenter
                                Foxxster
                                Date and time
                                August 15, 2014, 1:29PM
                              • If it is Chinese older generation preparing to retire to Australia to be with kids who now live here, then that would be a very welcome boost for our economy.
                                Very happy to receive them here to spend their retirement funds on Australian soil.

                                Commenter
                                Irish Phil
                                Date and time
                                August 15, 2014, 1:59PM
                              • @Irish and take up any spare space in hospitals and nursing homes. They'll pay cash for care so Aussies will be squeezed out.

                                Commenter
                                mitch of ACT
                                Date and time
                                August 15, 2014, 2:04PM
                              • Unless they are multi-millionaires, retirees cost much more in additional healthcare spending (if they're on a permanent residence visa) than they will ever spend by their living outlays. If they've got one kid here - which is the norm due to the one-child policy - not even the tax payments of their child will make up for the extra government spending on the retiree.

                                Commenter
                                Dr No
                                Location
                                Sydney
                                Date and time
                                August 15, 2014, 2:11PM
                              • @Dr No: if they come over on a retired parent visa they are not eligible for Australian pensions, or Medicare.

                                @Mitch: sounds like the building of more private hospitals to me so = great for construction and those working in nursing.

                                Commenter
                                Irish Phil
                                Date and time
                                August 15, 2014, 3:20PM
                              • How is it so hard to comprehend the money coming here will be in direct competition with our individual wealth?

                                Doesn't matter. Australians can retire to the third world countries...It's time for Australians to think.

                                BTW Roadsta. Who has been xenophobic? If you're implying me, that'd be weird given I'm part Asian. It's just a smokescreen used to stifle debate. Don't fall for the big business trick desperate to stop this urgent discussion.

                                Commenter
                                JohnBB
                                Date and time
                                August 15, 2014, 3:47PM
                              • @Irish yes more nurses on 457s while local nursing graduates stay on the dole.

                                Commenter
                                mitch of ACT
                                Date and time
                                August 15, 2014, 4:04PM
                            • Any thoughts on AGL (AGK)??? It looks ok but don't want to hear that "warmer weather" excuse when they report next week.

                              I've traded it heaps in the last few weeks but time to take it easy until next week.

                              Commenter
                              GS
                              Date and time
                              August 15, 2014, 1:00PM
                              • AGL are building the largest solar farm in the Southern hemisphere so warmer, ie sunnier, weather, should be a boost and not a drag to future earnings. All that power with no fuel cost. http://www.smh.com.au/environment/climate-change/australias-vast-solar-resources-closer-to-being-tapped-in-a-big-way-20140730-zy7dc.html

                                Commenter
                                mitch of ACT
                                Date and time
                                August 15, 2014, 1:38PM
                              • Nice, thanks for that link! That will be good for any future weather issues (to be completed by next July) .

                                Just worried about this year and them saying warmer weather = less heater use, etc. I wont be holding overnight before it reports Wed just in case!

                                Commenter
                                GS
                                Date and time
                                August 15, 2014, 1:55PM
                              • @GS: warmer weather a problem in winter, but if it holds through to summer then watch peoples energy use sky rocket as they turn on the air-con.

                                Commenter
                                Irish Phil
                                Date and time
                                August 15, 2014, 2:05PM
                              • Yep I'm ok with warmer weather at the right period but this "delayed" winter period that we've had "should" put a damper on their results next week.

                                If we get a further pullback on Wed and the days after, I'll consider a re-entry. It's a company I want to hold, just at the right price.

                                Commenter
                                GS
                                Date and time
                                August 15, 2014, 2:38PM
                            • Anyone else on CSS today? as high as 21% this morning, it's still on a 16% high for today.

                              Commenter
                              Bazwat
                              Date and time
                              August 15, 2014, 12:33PM
                              • How would I ever survive without Mitch from the ACT providing the daily political education we desperately need in our lives.
                                What a joy it is to hear such wisdom. Meanwhile I will continue to make money in spite of the socialists.

                                Commenter
                                Heinrich
                                Location
                                Bunbury
                                Date and time
                                August 15, 2014, 12:27PM
                                • Well I was watching Michael Moore's show about capitalism last night on SBS. Well & truly showed the greed underlying the capitalist philosophy and how many lives had been destroyed in pursuit of the mighty dollar. Never forget that the better everyone in an economy is doing, not just the rich, the better the rich will do. I'm something of a socialist but still making good money. Socialism and prosperity aren't mutually exclusive. There's more political wisdom that I'm sure that you can't do without.

                                  Commenter
                                  mitch of ACT
                                  Date and time
                                  August 15, 2014, 12:41PM
                                • @ Mitch
                                  Dead wrong. Socialism and prosperity are mutually exclusive. As an economic model, socialism is a conclusively proven dud.
                                  Ever travelled in Africa, and seen the aftermath of the socialistic experiment of the 50s-80s? Eastern Europe? Cuba?
                                  R.

                                  Commenter
                                  Roadsta
                                  Location
                                  Brisvegas
                                  Date and time
                                  August 15, 2014, 2:22PM
                                • @Roadsta & Heinrich if those at the top of the tree in Socialist govt's didn't behave in a way to put greedy capitalist to shame, the wealth and income of their nations would be better distributed. If everyone has money to spend the economy will do much better than if most have none. The rich will actually get richer as their investments in the economy pay off from all of that increased economic activity. Or does your fear of paying a little more tax blind you to that simple concept.

                                  Commenter
                                  mitch of ACT
                                  Date and time
                                  August 15, 2014, 2:45PM
                                • Rampant Fascism is a dud too.. Argentina, Chile, Spain, Germany.. all had a go and if it was not a war that ended the regime it was popular uprising.. Portugal.. Italy.. the list goes on.. One thing that is plain though is that beggaring the masses is not a viable modal as they stop buying stuff if wages and wealth is too concentrated at the top end.. UK is currently having a problem with recovery as the general population is not paid a living wage.

                                  Commenter
                                  Lean Too
                                  Date and time
                                  August 15, 2014, 3:02PM
                                • Mitch of the ACT. How are you making good money from the market when you said the market would fall in May and June and in July. Getting things 100% incorrect and still making money. No wonder I'm a millionaire.

                                  Commenter
                                  Goldfinger
                                  Location
                                  Sydney
                                  Date and time
                                  August 15, 2014, 3:33PM
                              • 1 pip trading range for the last half hour. enough to drive me nuts.

                                Commenter
                                j
                                Location
                                syd
                                Date and time
                                August 15, 2014, 12:01PM
                                • i don't know that i've seen that too many times b4. zero movement in an index?

                                  Commenter
                                  j
                                  Location
                                  syd
                                  Date and time
                                  August 15, 2014, 12:21PM
                              • Anyone trading the Dax here?

                                Commenter
                                Daxman
                                Location
                                Sydney
                                Date and time
                                August 15, 2014, 11:49AM
                                • Anyone else here invested in AJD?
                                  Price basically trades within the $1.00 - $1.10 range. Dividend is a nice solid 9 cents, fantastic yield.
                                  Do your own research etc.....

                                  Commenter
                                  Irish Phil
                                  Date and time
                                  August 15, 2014, 11:39AM
                                  • thanks for the tip, but it's looking a tad bit overbought at the mo...

                                    Commenter
                                    jacey
                                    Date and time
                                    August 15, 2014, 12:41PM
                                • Amuses me that the biggest advocates for shopping at ALDI are also those whinging the loudest that mining profits need to be taxed harder because they are going offshore. Hypocritical, naïve or just comment based on political leanings?

                                  Commenter
                                  Sticks
                                  Date and time
                                  August 15, 2014, 11:21AM
                                  • @Sticks, comments based on political leanings. Pot. Kettle. Black. As I said to an earlier poster, Aldi is re-investing its local profits into expansion. Fix, don't
                                    axe, the Mining Tax. The poor are just having their benefits cut to make up the lost revenue. At least that cash will be spent locally instead of being sent tax-free offshore.

                                    Commenter
                                    mitch of ACT
                                    Date and time
                                    August 15, 2014, 11:40AM
                                  • Well done Mitch. You've somehow hit all three with that reply.

                                    Commenter
                                    Sticks
                                    Date and time
                                    August 15, 2014, 12:08PM
                                  • @Sticks I like to kill as many birds with the one stone as I can.

                                    Commenter
                                    mitch of ACT
                                    Date and time
                                    August 15, 2014, 12:19PM
                                  • I like efficiency Mitch.

                                    Commenter
                                    Sticks
                                    Date and time
                                    August 15, 2014, 12:38PM
                                  • The hip pocket nerve is the most sensitive. Those with money to invest want co. tax lower as they don't work to pay income tax and soak up imputation credits, while those with no money to invest want payee tax lower.

                                    Bottom line, rich people don't care foreigners pay less tax, as long as PAYEE make up the difference = LNP policy.

                                    Commenter
                                    nolongerconfused
                                    Date and time
                                    August 15, 2014, 2:08PM
                                • I sold out of LNG last week at $3.38 on Allan from Prahran's advice.
                                  Now I feel like a real idiot, I thought this guy had the inside on the company :(

                                  Commenter
                                  Irish Phil
                                  Date and time
                                  August 15, 2014, 11:19AM
                                  • Short at $2.90. Nope. No idea.

                                    Commenter
                                    Kyprios
                                    Date and time
                                    August 15, 2014, 11:56AM
                                  • Now I expect a made up short in reply. This short was noted in my paper trade dairy that sits beside me each and every day. ARI long 76c, CBA short $81.05.

                                    Commenter
                                    Kyprios
                                    Date and time
                                    August 15, 2014, 12:09PM
                                  • You wrote them down wrong.

                                    Commenter
                                    Allan
                                    Location
                                    Prahran
                                    Date and time
                                    August 15, 2014, 1:42PM
                                  • sure. I wrote them down wrong. unlikely.

                                    Commenter
                                    Kyprios
                                    Date and time
                                    August 15, 2014, 1:54PM
                                  • Not sure you wrote them down wrong, but Allan was shorting LNG well and truly before they hit $2.90. His $2.20 shorts would be 76% down if they were real. He keeps saying banks are behaving badly. Is that because their share prices are smashing his shorts? ie MQG short at $40

                                    Commenter
                                    Tim
                                    Date and time
                                    August 15, 2014, 2:02PM
                                  • Its good to know other people notice. Thanks Tim. Trying to figure out if this character is a troll. After claiming to be short at $3.90 instead of $2.90 it confirms it really. I mean of all the numbers to make up he picked it to with in .035c. But wasn't here to let us know, and denies previous short of $2.90?

                                    Commenter
                                    Kyprios
                                    Date and time
                                    August 15, 2014, 2:41PM
                                  • Link for CBA at 81.05, MQG 40?

                                    Nah, didn't think so.

                                    Commenter
                                    Allan
                                    Location
                                    Prahran
                                    Date and time
                                    August 15, 2014, 3:32PM
                                  • Expecting us to save a link to all of your shorts is about as sensible as asking you to prove you didn't short MQG at $40. I have no reason to make it up. I don't get enjoyment by your losses, I just get annoyed by you pretending to make money when it is clearly not the case.

                                    Commenter
                                    Tim
                                    Date and time
                                    August 15, 2014, 3:53PM
                                  • Every trade is posted. You didn't see it not my problem.

                                    Commenter
                                    Allan
                                    Location
                                    Prahran
                                    Date and time
                                    August 15, 2014, 3:53PM
                                • Bear Shaped Bull, you mentioned a great little emerging medical stock yesterday. I hope you're loaded up?

                                  Commenter
                                  Sticks
                                  Date and time
                                  August 15, 2014, 11:16AM
                                    • please tell me it was BNO (up 7% today)

                                      Commenter
                                      thewagster
                                      Date and time
                                      August 15, 2014, 11:54AM
                                    • sold down half today if u refer to AHZ? as posted.
                                      BNO i have held before but got burned last trade so staying out,was eyeing up at 46c again....but need some confirm of clinical trials after last freefall,rather be on NAN which is 11% since April and looking to be profitable.Others are AZV [0.27],ACL [0.55] SRX [16.15] and CAJ [0.475] which took 1/2 down y'sday,happy trading.

                                      Commenter
                                      BearshapedBull
                                      Location
                                      Mugpunters Lounge
                                      Date and time
                                      August 15, 2014, 12:19PM
                                    • I like the prospects of the company BSB, but yours is a good risk-free strategy.

                                      Commenter
                                      Sticks
                                      Date and time
                                      August 15, 2014, 12:41PM
                                  • 9:48am: The benchmark iron ore

                                    Iron ore will not recover, in fact it will sink. There's been a shock plunge in lending in China in July. Credit's down by as much as 85%. If there's no turnaround this month I think iron ore demand will go down sharply.

                                    Commenter
                                    Dr No
                                    Location
                                    Sydney
                                    Date and time
                                    August 15, 2014, 11:13AM
                                    • Is this point of view meant to counterbalance the "Breaking News" of the supposed military coup in Iraq and rocketing oil price that you announced to scare the market on Monday morning? Lets not be too alarmist.

                                      Commenter
                                      Engineer
                                      Location
                                      Scam City
                                      Date and time
                                      August 15, 2014, 1:34PM
                                  • I've heard Narev of CBA & Smith of ANZ say that the Senate should honour the govt's mandate and pass the Budget. Well that mandate was won on a farrago of lies. Tell you what. Next time I need a bank loan I will apply at CBA & ANZ and dress up my application with as many lies about my true position as I can. I'm confident that the police will never arrive to arrest me for fraud because the banks don't seem to mind lies as long as they can get on with business.

                                    Commenter
                                    mitch of ACT
                                    Date and time
                                    August 15, 2014, 11:06AM
                                    • Of course the CBA could use its expert analysis to recommend that negative gearing be removed (which was analysed as adding 50 to 100k to each property price - and mortgage loan ! $ 6 billion per year off the deficit. Or remove 50% discount on capital gains....

                                      Commenter
                                      Budget in the banks interest
                                      Date and time
                                      August 15, 2014, 11:43AM
                                    • This Budget is like you telling your favourite girl that if she marries you she will be living in a fine house with all of the latest mod-cons and dressed in the finest clothes and bedecked with the finest jewels. She puts her faith in you and takes the plunge. She then finds herself living in a slum, dressed in rags and struggling to pay for the necessities of life with her wedding ring in hock.. Give me a carbon tax, for which most were more than fully compensated, any day rather than being betrayed so badly.

                                      Commenter
                                      mitch of ACT
                                      Date and time
                                      August 15, 2014, 12:21PM
                                  • 10:05am: Central bank "support"

                                    The Fed is in a desperate situation. Asset bubbles are rife. The US economy is going nowhere, Q3 GDP will be a disaster, global de-dollarisation will make Fed QE irrelevant. And now China is looking to dump its US notes in order to force US rates to rise. This will destroy the US federal budget and put the country into recession.

                                    Thanks for your "support" Fed!

                                    Commenter
                                    Dr No
                                    Location
                                    Sydney
                                    Date and time
                                    August 15, 2014, 11:06AM
                                    • A clear signal China has the 'metal' in reserve.

                                      Commenter
                                      nolongerconfused
                                      Date and time
                                      August 15, 2014, 2:25PM
                                  • sold 15000 AHZ @ 17c,nearly on cue that gain,hold 1/2 with the ol chesnut take out the costs and let the profit run.....or jog,or even stumble.

                                    Commenter
                                    BearshapedBull
                                    Location
                                    Mugpunters Lounge
                                    Date and time
                                    August 15, 2014, 10:58AM
                                    • Interesting read from Roger, let the good times roll? http://rogermontgomery.com/get-ready-for-a-stock-market-boom/

                                      EQUITIES BOOM!

                                      Commenter
                                      Mike
                                      Location
                                      Melb
                                      Date and time
                                      August 15, 2014, 10:49AM
                                      • How does a company with no dividend and no profit rise on the ASX to 42.96 before losing a lot of peoples money. 3 of our banks share prices aren't that high and they have a profit of 17 Bill. between them. Anyone buy XRO over $40.00 and still holding ?

                                        Commenter
                                        XRO
                                        Location
                                        Sydney
                                        Date and time
                                        August 15, 2014, 10:48AM
                                        • It was recommended to me by some ace tipster nut I didn't take the bait.

                                          Commenter
                                          Emil
                                          Date and time
                                          August 15, 2014, 12:49PM
                                        • another stop loss triggered,aww well never get lucky twice on some stocks out at 19.00...brought in $24 but only toes in [200] this time,got a feeling it may surge again but look for support $15.50ish if not well look lower.shorters arent on it either.potentials hard to price.

                                          Commenter
                                          BearshapedBull
                                          Location
                                          Mugpunters Lounge
                                          Date and time
                                          August 15, 2014, 1:12PM
                                        • Would you say its worth a punt at today's prices?

                                          Commenter
                                          MJ
                                          Date and time
                                          August 15, 2014, 2:01PM
                                      • aren't we just seeing the last clearing out of everyone who sold on the way down last week in panic, buying back in at the bottom, then selling off in a panic when the prices go up a bit? They will relax as the market settles and the Mickey Bulls will be back next week

                                        Commenter
                                        Bazwat
                                        Date and time
                                        August 15, 2014, 10:44AM
                                        • Imagine selling on Friday. You would be done with it wouldn't you?

                                          Commenter
                                          ;)
                                          Date and time
                                          August 15, 2014, 11:30AM
                                        • it is the top pick earlier this year from the company call Motley fool .
                                          Now they donot mention XRO anymore

                                          Commenter
                                          wil
                                          Location
                                          melb
                                          Date and time
                                          August 15, 2014, 1:13PM
                                        • Will: Xero was never a pick from Motley Fool???

                                          Commenter
                                          Irish Phil
                                          Date and time
                                          August 15, 2014, 2:02PM
                                        • I think it was a MF Hidden Gems tip. Hidden Gems is their speccy service.
                                          MF Share Advisor wouldn't touch it with a barge pole.

                                          Commenter
                                          TP
                                          Date and time
                                          August 15, 2014, 2:46PM
                                        • What's the go with Sydney's house prices? 15% this year is ridiculous! There's other places to live people!

                                          Commenter
                                          Sick of
                                          Location
                                          renting
                                          Date and time
                                          August 15, 2014, 2:51PM
                                        • Irish Phil,
                                          You want to bet? i can dig out the email they sent to many people.
                                          Care to disclose your relationship with that Motley fool?

                                          Commenter
                                          wil
                                          Location
                                          Melb
                                          Date and time
                                          August 15, 2014, 3:23PM
                                        • Wll, it was never a pick for their main subscription service, of which I am a customer (that is my relationship to them).
                                          What TP says might make some sense, I had no interest in their Specie recommendations service.

                                          Commenter
                                          Irish Phil
                                          Date and time
                                          August 15, 2014, 4:02PM
                                      • The nexus between ANZ & WBC has been well & truly broken by ANZ's report today. Lately there has been a 50c-60c price difference between the 2 with WBC higher. Today WBC is $1.70 ahead. I have no ANZ but plenty of WBC.

                                        Commenter
                                        mitch of ACT
                                        Date and time
                                        August 15, 2014, 10:42AM
                                        • I used hold many wbc, I sold when the diff was 1.40 and into anz, done ok
                                          When they drift I trade, I was out and in ANZ last week, picked up 10900clear, bought ANZ today at 32.38, but am a lil concerned yes
                                          Lets see how Gail does, one of my fave women, along with Angela Dorathea

                                          Commenter
                                          stu
                                          Date and time
                                          August 15, 2014, 12:28PM
                                      • I watched my ANZ tumble to tune 16k today, simpletons who bailed, wish I had more dough to chuck in at the low

                                        Commenter
                                        stu
                                        Date and time
                                        August 15, 2014, 10:27AM
                                        • TLS
                                          Working of a 5% yield I would consider TLS worth about $6.

                                          Commenter
                                          It's All About Making Money
                                          Location
                                          Lennox Hd
                                          Date and time
                                          August 15, 2014, 10:16AM
                                          • I tend to agree. It's been a great buy and hold for me, so I am not going anywhere.

                                            Commenter
                                            Irish Phil
                                            Date and time
                                            August 15, 2014, 11:14AM
                                          • Some short sighted traders actually shorted it yesterday. I think it will soon be more than $6.

                                            Commenter
                                            Loki
                                            Date and time
                                            August 15, 2014, 12:01PM
                                          • @Loki: I don't know about "soon", but it's the kind of stock that is well placed to keep creeping up a cent or 2 every week.

                                            Commenter
                                            Irish Phil
                                            Date and time
                                            August 15, 2014, 12:24PM
                                          • Thanks Irish Phil,
                                            Soon can mean very different things to different people. I think record low interest rates are here for another year at least and this will continue to drive money into reliable dividend paying stocks like TLS.

                                            Commenter
                                            Loki
                                            Date and time
                                            August 15, 2014, 1:11PM
                                        • My life is empty without CAJ. Only MTU, CWN and CUP left. CWN is the new whipping boy only up 2.39% lets go! slacker!

                                          Commenter
                                          Happy
                                          Location
                                          Trader
                                          Date and time
                                          August 15, 2014, 10:15AM
                                          • I was tossing up as to whether to sell my Telstra shares into the price surge from the buyback. The scale-back will be savage so I don't expect many to be sold into the buy-back. However for those that are, if the buy-back price is $5.00 then the total of the
                                            capital component of $2.33
                                            franked dividend of $2.67
                                            franking credit of $1.14
                                            normal dividend of $0.15
                                            franking credit of $0.06
                                            gives a total return of $6.35-6
                                            compared to a current price in the mid $5.50s.
                                            For each 5c increase/decrease in the buy-back price the return changes by $0.07 due to the change in the franking credit from the dividend component. I'm not accounting for tax as my SMSF is in pension mode. The only drawback is the long, long wait for those franking credits, $1.21, to be refunded by the ATO. Not until May 2016 on present experience and probably later given the big staff reductions at the ATO. There are lots of other things to consider, particularly if you are taxable, so make your own calcs & decision

                                            Commenter
                                            mitch of ACT
                                            Date and time
                                            August 15, 2014, 10:14AM
                                            • Eh.........I would have assumed it will be an on-market buy back??

                                              Commenter
                                              Irish Phil
                                              Date and time
                                              August 15, 2014, 11:05AM
                                            • Sold TLS at $5.59. May buy back during the post div slump.

                                              Commenter
                                              Wally
                                              Location
                                              Flynn
                                              Date and time
                                              August 15, 2014, 11:30AM
                                            • @Irish definitely off-market. https://content.markitcdn.com/CommSec/Api/Document/B64ENCeyJkayI6IjE0MTAtMDE1NDI3OTEtNzZVSVVETk5NNDlOVFNSMVRUTVVEVFQ3MjgiLCJmaWQiOm51bGwsImR0IjpudWxsfQ==.pdf

                                              Commenter
                                              mitch of ACT
                                              Date and time
                                              August 15, 2014, 11:42AM
                                            • Mitch if you look at TLS buyback announcement I think there is something there about a "guaranteed" 925 share buyback. Like you I'm in pension mode so the eventual franking credits appeal. Will probably offer 1000 into the buyback and if taken up buy them back in the market.

                                              Commenter
                                              MelbMan
                                              Date and time
                                              August 15, 2014, 12:07PM
                                            • @Melbman, that's the general idea. I suspect that there will be further buy-backs to come when the cash from the NBN deal starts to come in in earnest. However I don't think that this gov't is serious about the NBN so we will have to wait until after the next election.

                                              Commenter
                                              mitch of ACT
                                              Date and time
                                              August 15, 2014, 12:29PM
                                          • @ Dr No, I thought you might find this on the future of the petrodollar interesting

                                            http://www.zerohedge.com/news/2014-08-14/putin-says-petrodollar-must-die-dollar-monopoly-energy-trade-damaging-russias-econom

                                            Commenter
                                            Fred
                                            Date and time
                                            August 15, 2014, 10:09AM
                                            • Since the adoption of the fiat dollar in the early 70s, no major resource - in essence oil - supplier has stopped selling their wares in US dollar without getting attacked by the US army. Saddam Hussein tried, and so did Gaddafi. Libya was an especially clear case of war in order to keep the Petrodollar.

                                              As Putin and the BRICS countries - in particular Russia and China - are taking concrete steps to de-dollarise, we shall see whether the US will go ahead with a new war.

                                              Commenter
                                              Dr No
                                              Location
                                              Sydney
                                              Date and time
                                              August 15, 2014, 10:57AM
                                          • Magellan - little pocket rocket today!

                                            Commenter
                                            soap
                                            Date and time
                                            August 15, 2014, 10:06AM
                                            • Bank valuations looking a little bit frothy to you? Indeed, ANZ latest bank to report and I do not like it one bit. Institutional bank lending is crumbling overseas and will soon be followed by Commercial and Business Bank lending as well. ANZ finds it difficult to compete in Asia as does not offer enough goodies to entice a new audience in Asia where competition is racer sharp and is forced to bring the swords out to just cost cut. ANZ valuation is too high for what they deliver and lack of future growth looks paltry.

                                              Commenter
                                              Viking
                                              Location
                                              Sydney
                                              Date and time
                                              August 15, 2014, 10:06AM
                                              • Dear Eds: @9.54am Automotive Holdings ASX abbreviation is AHE and not AHG? Perhaps AHG is part of AHE?
                                                Good to throw them off the scent until one's orders are in. Hehe LOL :)

                                                ED: The ASX code is indeed AHE - however, the company's name is Automotive Holdings Group, ie AHG. Sorry for the confusion.

                                                Commenter
                                                It's All About Making Money
                                                Location
                                                Lennox Hd
                                                Date and time
                                                August 15, 2014, 10:00AM
                                                • It appears that ALDI is close to reaching critical mass in the grocery market and in the next couple of years close to double it sales and market share. The worry for WOW and WES should be obvious, ALDI will eat up their profit growth and current market valuations and share prices are unsustainable. In addition, we might see NETTO and/or LIDL make a move into the market as well.

                                                  Commenter
                                                  Viking
                                                  Location
                                                  Sydney
                                                  Date and time
                                                  August 15, 2014, 9:59AM
                                                    • Those who switch to Aldi are in for a treat. Colesworth will at last have to provide some real competition.

                                                      Commenter
                                                      mitch of ACT
                                                      Date and time
                                                      August 15, 2014, 10:19AM
                                                    • ...and their profits all go overseas to their foreign owners, but we are all OK with that as long as we can get our toilet paper 10c cheaper.

                                                      Commenter
                                                      doglover
                                                      Date and time
                                                      August 15, 2014, 10:28AM
                                                    • The ACCC poses a greater threat to Woolworths & Coles, then Aldi's expansion.

                                                      Commenter
                                                      Mike
                                                      Location
                                                      Melb
                                                      Date and time
                                                      August 15, 2014, 10:47AM
                                                    • @doglover Aldi's local profits are re-invested into expansion. They are probably paying little tax at the moment due to establishment write-offs.

                                                      Commenter
                                                      mitch of ACT
                                                      Date and time
                                                      August 15, 2014, 10:56AM
                                                    • Woolies is also Australias Fresh Poky People - largest pokie licence holder in Australia.

                                                      A wonderful govt licence (to get the welfare money back through the machines...).

                                                      And also gets a defacto duoopoly from the restrictive planning laws imposed by councils and state govt.
                                                      Let alone unlimited alcohol advertising for its large share, opposition to junk food restrictions.
                                                      Well connected with the govt for rent seeking.

                                                      Commenter
                                                      Woolies also govt benefitted
                                                      Date and time
                                                      August 15, 2014, 11:50AM
                                                    • @Mitch: They will probably never pay tax in Australia. Just like all those other foreign businesses who operate here. Transfer pricing will take care of that....

                                                      Commenter
                                                      doglover
                                                      Date and time
                                                      August 15, 2014, 11:59AM
                                                    • @doglover then lobby Hockey to fix that rather than slashing pensions and benefits.

                                                      Commenter
                                                      mitch of ACT
                                                      Date and time
                                                      August 15, 2014, 12:46PM
                                                    • interesting, Aldi loses market share at home in Austria(Hofer) and De, competition, better products from rivals
                                                      Yet here and in USA(TRADERJoes) they are doing OK
                                                      Yes I shop Aldi here, going to buy a chainsaw and weedwacker Sat

                                                      Commenter
                                                      stu
                                                      Date and time
                                                      August 15, 2014, 1:04PM
                                                  • Around 10 million of the wealthiest Chinese families, or around one in seven, are interested in migrating to Australia, according to a survey conducted by the broker. And home ownership in a desirable destination country is “a key reason” for the flood of money coming into the Sydney and Melbourne property markets, conclude the broker’s analysts

                                                    Commenter
                                                    Parry
                                                    Location
                                                    Kent
                                                    Date and time
                                                    August 15, 2014, 9:17AM
                                                    • Why don't they stay in China and help the 500M rural poor?

                                                      Commenter
                                                      Liu Xiaobo
                                                      Location
                                                      Let me out!
                                                      Date and time
                                                      August 15, 2014, 9:36AM
                                                    • That does not bode well for existing Australians. Particularly young Australians.

                                                      Commenter
                                                      JohnBB
                                                      Date and time
                                                      August 15, 2014, 9:45AM
                                                    • hey Australia, don't let the door hit your ar$e on the way out. sold the farm, selling the ports, majority mining profits head off-shore and soon we'll have our very own swathe of inner city ghost apartments.

                                                      we have sold out on our once revered way of life.

                                                      what will the future look like? whole cities made from discarded Dominos pizza boxes?

                                                      Commenter
                                                      brian
                                                      Date and time
                                                      August 15, 2014, 9:54AM
                                                    • That's ok, it's good for business. And multiculturalism is the new god. Just ask the Uighurs and Tibetans.

                                                      Commenter
                                                      Dr No
                                                      Location
                                                      Sydney
                                                      Date and time
                                                      August 15, 2014, 10:00AM
                                                    • @Liu Xiaobo..Because big business demand that the Australian government bring their money, oops, I mean, them, here......

                                                      Commenter
                                                      JohnBB
                                                      Date and time
                                                      August 15, 2014, 10:03AM
                                                    • Why should they? They want the best for their family. So why not come here if they are 'allowed' to? Who is going to stop them? I say welcome to Australia. Where money talks and BS walks!

                                                      Commenter
                                                      Parry
                                                      Location
                                                      Kent
                                                      Date and time
                                                      August 15, 2014, 10:11AM
                                                    • Dick Smith two minutes ago on Studio Ten...."unfettered growth; we're doomed".

                                                      DS, Smart man, self made millionaire (twice), no vested interest (in fact counter self interested)

                                                      Big Business, entirely self interested, mostly foreign owned, owns government, drives policy.

                                                      We're doomed.

                                                      Commenter
                                                      JohnBB
                                                      Date and time
                                                      August 15, 2014, 10:22AM
                                                    • @brian...There won't be any ghost cities. Not with a population growth of 500k in 13 months we won't.

                                                      Commenter
                                                      JohnBB
                                                      Date and time
                                                      August 15, 2014, 10:24AM
                                                    • this is what I love about the blog. It is really funny. It took longer than I thought to reach a comment that we have sold out to foreign interests, we have sold our future cheaply, and we will all regret it when we live in a city full of empty apartments where the real Australians live in pizza boxes, but I got there in the end. Genuine hilarity at my place.This is the SMH comedy section, and could only be improved by Mitch and Alan learning a few new lines, i wwwhish.

                                                      Commenter
                                                      boxhead
                                                      Location
                                                      sydney
                                                      Date and time
                                                      August 15, 2014, 10:40AM
                                                    • @Parry....The money will mean nothing decades later. We are destroying Australia with too many people so we can live it up. It's terribly unfair to future generations.

                                                      Commenter
                                                      JohnBB
                                                      Date and time
                                                      August 15, 2014, 10:42AM
                                                    • Strange how nobody comments on the fact that a small country like Canada is the second largest 'investor' in our real estate. This is brought up by people who say there is no issue with the amount of Chinese money flooding in. Of course the Canadian figure has nothing to do with the numbers of Chinese there pouring money over here now that Canada has taken steps to limit Chinese investment there.

                                                      Commenter
                                                      Foxxster
                                                      Date and time
                                                      August 15, 2014, 10:45AM
                                                    • I disagree JohnBB. What do we owe future generations of 'Aussies' that we don't owe all those in the free world that have worked, scrimped, saved and played by the rules? I say welcome, it's up to the parents bringing the child into this new world to think about it's security, chance of survival ect.... Why should I care? Sorry. It's a matter of first in best dressed, always has been.

                                                      Commenter
                                                      Parry
                                                      Location
                                                      Kent
                                                      Date and time
                                                      August 15, 2014, 11:02AM
                                                    • The country is doomed because wealthy Chinese want to come live here? Really? I would think that these wealthy Chinese don't just bring money with them, they also bring business skills, high level contacts with Asian business people and an enormous potential for future growth for Australia. Or do you all think that they are just going to buy all our precious property and then sit on their backsides for eternity?

                                                      Commenter
                                                      doglover
                                                      Date and time
                                                      August 15, 2014, 11:04AM
                                                    • @Foxxster....Save it mate. It's got nothing to do with the argument.

                                                      Commenter
                                                      JohnBB
                                                      Date and time
                                                      August 15, 2014, 11:07AM
                                                    • Housing Boom?

                                                      Commenter
                                                      Not Alan
                                                      Location
                                                      Weipa
                                                      Date and time
                                                      August 15, 2014, 11:29AM
                                                    • The heading of the news is trying to indicate as if this is something good for us. Only some retard can believe this. Present govt. is even worse then the previous one. Everything has been put on sale businesses, land, RE , education, outsource jobs, 10000 guest workers in NT.
                                                      All this is happening when we have unemployment rate at the highest level in 12 years and young generation cannot afford to buy houses.
                                                      It seems that we are trying to say that clever country is unfit to do anything. Our pollies and bussinesses fail to understand that this sort of onslaught will change the
                                                      character of country and our daily lives will be controlled by some faraway totalitarian regime. Unfortunately we do not understand that this country used to be piece of
                                                      paradise on Earth and we have failed to count our blessings. Now greed has taken better of us and we are hell bent on destroying everything.

                                                      Commenter
                                                      xyz
                                                      Date and time
                                                      August 15, 2014, 11:33AM
                                                    • @Foxxster
                                                      Only if one could undestand the difference in Canda and US buying here rather then China.

                                                      Commenter
                                                      xyz
                                                      Date and time
                                                      August 15, 2014, 11:38AM
                                                    • And no comment on the money laundering export of cash to foreign property? No comment on the "naked official" scandals. \
                                                      The overseas investments are in property, not starting any new industries.

                                                      Commenter
                                                      Yeah?
                                                      Date and time
                                                      August 15, 2014, 11:53AM
                                                    • Parry,
                                                      The 10 million Chinese who want to live in OZ can be treated as economic refugees and be resettled in Cambodia for a small fee.

                                                      Commenter
                                                      thickwhitethighs
                                                      Location
                                                      wombathole
                                                      Date and time
                                                      August 15, 2014, 12:09PM
                                                    • @Parry....Not when the global population is growing at 90 million a year. We have to protect what we have for our own young. Never, in human history have humans fed their young to the system for their own personal greed. We have a lot to be ashamed about.

                                                      @doglover....Not when we don't own anything to manage. We are a resource country, and have sold everything. We should be swimming in money but we're not. We're going backwards. More people simply means more to share our dwindling wealth with.

                                                      Commenter
                                                      JohnBB
                                                      Date and time
                                                      August 15, 2014, 12:12PM
                                                    • @xyz, Canada and US are typically white, so less scary?

                                                      Commenter
                                                      Wwwish Lion
                                                      Location
                                                      Melbourne
                                                      Date and time
                                                      August 15, 2014, 12:42PM
                                                    • @Wwwish Lion...

                                                      Is it necessary to add that? It has nothing to do with the issue and is getting in the way of a debate Australia has to have.

                                                      Commenter
                                                      JohnBB
                                                      Date and time
                                                      August 15, 2014, 1:07PM
                                                    • @JohnBB : Your response implies that you don't believe these wealthy Chinese are going to add any value to Australia. These are not peasants who are coming here to suck off our grid. We are talking about the wealthiest 10% of the population. Captains of industry, top business people etc. They didn't get wealthy doing nothing. They have the potential to not only set up businesses here, but to develop business relationships with Asia and the rest of the world. The Chinese are not just in China, they are networked all over the world. Massive business opportunities and potential for development. Very short sighted to think that all we have to offer are resources. If we want to be a clever country, we need clever people and these are clever people. Once they are living here and take citizenship, they will work towards the interests of Australia for the benefit of their own future generations here.

                                                      Commenter
                                                      doglover
                                                      Date and time
                                                      August 15, 2014, 1:43PM
                                                    • @doglover....I see what you're saying. I just don't agree there's much in it for Australia. I think we've spent way too much, are in way too much personal debt and have sold way too much and high immigration is an absolute desperate way of keeping it all chugging along while actually doing profound damage to our future (per capita GDP is negative while GDP is positive). The tragedy is, no one's actually researching or discussing the outcomes. We're just bowling ahead with what I think is an absolute disaster unfolding. How can we know if there's no research?

                                                      Commenter
                                                      JohnBB
                                                      Date and time
                                                      August 15, 2014, 3:40PM
                                                    • More like spoiled brat children of party members who got rich through property
                                                      crime and spend all their time in the casino.

                                                      Commenter
                                                      Nah not realy
                                                      Date and time
                                                      August 15, 2014, 3:50PM
                                                  • Down down prices are down, and staying down.

                                                    Commenter
                                                    Coles
                                                    Date and time
                                                    August 15, 2014, 9:11AM
                                                    • Don't you have anything better to do in the mornings?

                                                      Commenter
                                                      bored
                                                      Date and time
                                                      August 15, 2014, 9:47AM
                                                    • Don't mind him. Just exercising a little reverse psychology. Seems to work. But I want prices down so I can buy more of my best yielders.

                                                      Commenter
                                                      mitch of ACT
                                                      Date and time
                                                      August 15, 2014, 10:02AM
                                                    • @Coles
                                                      Yes, Down down down Share price of Wesfarmer will be going down because of Aldi expanding market share in Australia

                                                      Commenter
                                                      Aldi
                                                      Date and time
                                                      August 15, 2014, 10:51AM
                                                    • Mitch: for an amazing yielding stock, check out AJD.

                                                      Commenter
                                                      Irish Phil
                                                      Date and time
                                                      August 15, 2014, 11:07AM
                                                  Comments are now closed