Fortescue CFO Stephen Pearce has done a splendid job in cutting the group’s costs, while lifting operational performance. That has allowed FMG to reduce the massive debt pile.
Trustee for AMP Capital China Growth Fund (ASX:AGF) was trading higher today as the Shanghai Composite lifted along with other Asian markets.
Oil Search Limited [ASX:OSH] was down by almost 2% in afternoon trading today. This is not a surprise, given the sharp reversal in energy prices over the last two days.
Contrary to what you might think, we didn’t once touch on China’s credit quality and growing debt issues. You see, Chinese tend to look at very different indicators than IMF economists.
Telstra Corporation Ltd [ASX:TLS] was slightly down today by -0.09% in early afternoon trading; however, TSL fared much better than the ASX 200.
AngloGold Ashanti Limited [ASX:AGG] was up another 4.51% by early afternoon trading today. Within the last six months, the stock has picked up 144.43%.
Carsaless.Com Ltd [ASX:CAR] was trading relatively flat by afternoon trading today. By 3:25pm, the stock was down marginally by 0.12%.
Based on the Chairman's Address, the valuation for GoConnect, which is between 15 cents to 40 cents a share. This is significantly higher than the current price.
My belief is stock picking is alive and well, for those who do it effectively. Stock picking is ‘dead’ for those who cannot do it.
Perseus Mining Ltd[ASX:PRU] was up by 6.32% by early afternoon trading today. Since December 2015, the stock has outperformed the ASX200 benchmark index by more than 50%.