InvestSMART Newsletter - 11th September 2003
As mentioned in our newsletter on 1st September 2003, Jubilee Mines (JBM) was considered a "Strong BUY" in our Broker Consensus Report. It was expected to release a record full-year result either last week or early this week. At the time the stock was trading around $2.88.
Jubilee Mines released its record $48.4M net profit yesterday to the market. The strong results were underpinned by strong world nickel prices. The stock closed at $3.73. That’s nearly a 30% return in less than 2 weeks.
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To become a Platinum Member and see the latest Broker Consensus Report - released at the close of business on Friday 5 September 2003 (plus our archive of past recommendations on over 400 ASX listing companies) - please click here.
Series 9 OM-IP 220 Limited - Capital guaranteed by Westpac+
As you are aware we have recently been promoting the Series 9 OM-IP 220 fund. This is the 9th in the OM-IP 220 Limited fund series. On average the OM-IP 220 Limited fund series has outperformed its targeted 20%* annual return (based on annualised returns after fees to 31st May 2003). The worst of the series, Series 5 returned 13.97% annualised and the best, Series 7, returned 28.13%.
In the past these funds have attracted most of their funds in the last two weeks. It is a possibility that this fund will close earlier than 19th September 2003 if subscriptions for A$300,000,000 are received before the closing date. To ensure you receive your allocation of shares in this fund get your application in as soon as possible. More information on this fund below.
The InvestSMART Team