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InvestSMART.com.au - Newsletter
InvestSMART Financial Services Pty Ltd
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InvestSMART Newsletter - 30th October 2003

PIONEER NICKEL FLOAT
We have been unable to secure any firm stock in this float due to the limited amount available to the public after Heron Shareholders take up their entitlements (approx. $1,000,000 available to the public). However, we have been given assurances from Pioneer that applications will be dealt on a "first-come first-served" basis.

Most other brokers have to wait for the prospectus to be printed and posted out but since we distribute the prospectus electronically, InvestSMART members have a small window of opportunity to download the prospectus, read it carefully and if interested, print off the application form and send it in completed with money ASAP. It is important to understand that due to the limitation of stock there are no assurances you will receive what you ask for.

Pioneer Nickel Limited is a specialist nickel exploration company seeking to develop Nickel Sulphide deposits in the region of the Pioneer, Widgiemooltha and Depot Domes south of Kambalda, and the Acra-Silver Swan region north-east of Kalgoorlie, Western Australia.

Click here to download a prospectus. The application at the back of the prospectus can be used to apply for shares. Simply go to File > Print and choose the page numbers you wish to print off. You do not have to print the entire document.

GEC AUSTRALIAN HEALTHCARE FUND
InvestSMART is pleased to invite you to become a subscriber in the GEC Australian Healthcare Fund. By investing you will be investing in a portfolio of mainly Australian Healthcare sector stocks. Given Australia's ageing population, the rapid rate of development of new pharmaceutical products and consumer demand for superior, more cost effective healthcare services, we believe that a well managed portfolio of such stocks presents an outstanding growth opportunity.

Click here for more information and to download a prospectus.

Regards
The InvestSMART Team

Offer Overview

GEC AUSTRALIAN HEALTHCARE FUND
Fund Objective Long term capital appreciation
Recommended Investment Period 3-5 years
Initial Offer Period 27th October 2003 to 28th November 2003
ASX Code GCH
Minimum Investment (during Initial Offer Period) $2,000 (2,000 Units and 2,000 Bonus Options)
Bonus Options Subscribers during the Initial Offer Period will receive one 18 month Bonus Option for every Unit purchased (final exercise date 30th April, 2005)
Documents
    Download  Prospectus / Product Disclosure Statement (PDS)

    Download  Offer Summary

For further information please contact:
InvestSMART Financial Services on 1300 880 160




Investment Opportunities

Margin Lending is not suitable for all investments, especially if the interest rate on the loan is greater than the projected returns on the investment. Margin lending is available on the following list of funds showing this symbol .

If you wish to margin lend on any of these products you will need to request a prospectus and indicate on the request form that you wish to order a margin lending application form as well. Call 1300 880 160 for help if needed.


Pioneer Nickel Limited

Pioneer Nickel Limited is a specialist nickel exploration company seeking to develop Nickel Sulphide deposits in the region of the Pioneer, Widgiemooltha and Depot Domes south of Kambalda, and the Acra-Silver Swan region north-east of Kalgoorlie, Western Australia.

Pioneer's aim is to leverage off its long established expertise in nickel project acquisition, by employing a modern, well funded exploration strategy involving systematic EM and drill exploration of the acquired projects, to explore for Nickel Sulphides.

Click here for more information.

Opportunity 100% Nickel exploration
Offer 22,500,000 shares issued at $0.20 per share raising $4.5M
Opening Date 24th October 2003
Closing Date for Heron shareholders' priority allocations: 12th November 2003
Closing Date 21st November 2003
Expected ASX Listing 5th December 2003

Documents for this Offer

Description Size Download
(PDF format)
Investment Summary 165 KB Download
Chairman's Letter 60 KB Download
Details of the Offer 130 KB Download
Independent Geologist's Report 105 KB Download
Application Forms 55 KB Download
Full Prospectus (including application forms)
NOTE : This is a large file. Please allow enough time when downloading.
4 MB
Download


OM-IP MultiStrategy Limited

Performance, security and diversification are important consideration for investors. So it's with pleasure that we present an international investment combining each of these features. OM-IP MultiStrategy Limited is based on a new generation of Capital Guaranteed Funds which aim to provide increased diversification and lower volatility while still aiming to generate medium term capital growth of more than 12%pa*. It also provides the security of a capital guarantee and a rising guarantee from National Australia Bank+.

Click here for more information.

 Capital guarantee and a rising guarantee from National Australia Bank+
 Aims to generate medium-term capital growth of 12% p.a.*
 $5,000 minimum investment at $1 per share
 Offer closes on 5th December 2003
 Receive 12 FREE months of Platinum Membership (or extended membership) when you invest

  Request a Prospectus/PDS along with a Margin Lending Application (by post)

* As OM-IP MultiStrategy Limited is a new company and the Man & RMF Portfolio is a new investment program, they do not have any actual trading history. Past performance of the AHL Diversified Program and the Glenwood Multi-StrategyProgram is not a reliable indicator of future performance.

+ Subject to the terms of the NAB Guarantee explained in the Prospectus.

** Subject to the discretion of the Directors to extend the offer period by up to 14 days.




GEC Australian Healthcare Fund

InvestSMART is pleased to invite you to become a subscriber in the GEC Australian Healthcare Fund. By investing you will be investing in a portfolio of mainly Australian Healthcare sector stocks. Given Australia's ageing population, the rapid rate of development of new pharmaceutical products and consumer demand for superior and more cost effective healthcare services, we believe that a well managed portfolio of such stocks presents an outstanding growth opportunity.

Click here for more information.

Fund Objective Long term capital appreciation
Recommended Investment Period 3-5 years
Initial Offer Period 27th October 2003 to 28th November 2003
ASX Code GCH
Minimum Investment (during Initial Offer Period) $2,000 (2,000 Units and 2,000 Bonus Options)
Bonus Options Subscribers during the Initial Offer Period will receive one 18 month Bonus Option for every Unit purchased (final exercise date 30th April, 2005)
Documents
    Download  Prospectus / Product Disclosure Statement (PDS)

    Download  Offer Summary



Stock Watch

NEW DIVIDEND TRACKING FACILITY

Dividends play an important part in the performance of your overall share portfolio. Our new "Dividend Tracking" facility integrates dividend income into your share portfolio, allowing you to track both the capital gains and income components on your individual stocks and overall portfolio.

The dividend facility also provides an historical breakdown of your dividends, providing invaluable information on your imputation credits for taxation purposes.

The two screen-shots below show these important features now available via InvestSMART's online Portfolio Manager.

The Portfolio Manager is available exclusively to InvestSMART's Platinum Members. To review the benefits of InvestSMART's Platinum Membership please click here.

Paradigm Gold


Paradigm Gold



Model Share Portfolios

Platinum Members can click here to read about all the recent changes to the Model Share Portfolios and to review what stocks make up each Portfolio.

To review the benefits of Platinum Membership please click here.

Portfolio Portfolio Return* Relevant Index Return of Relevant Index*
  Blue Chip 10.24% ASX 100 Index -0.14%
  Special 21.73% ASX 300 Index -0.11%
  Growth 5.32% ASX 300 Index -0.11%
  Income 13.15% ASX 300 Index -1.61%
* Annualised returns as at 24th Oct 2003 more...



Broker Consensus

InvestSMART's Broker Consensus Report collates around 18 of Australia's top brokers weekly recommendations (Strong Buy, Buy, Hold, Under-preform and Sell), and presents these in a searchable database. It is an important report highlighting potentially valuable investment opportunities. Why trust one broker when you have access to the opinions of several?

To become a Platinum Member and see the latest Broker Consensus Report - released at the close of business on Friday 10th October 2003 (plus our archive of past recommendations on over 400 ASX listing companies) - please click here.

Company Brokers
Surveyed
Consensus
Recommendation
*
MCGUIGAN SIMEON WINES LTD (MGW)   7 Strong Buy
VALAD PROPERTY GROUP (VPG)   3 Strong Buy
BETCORP LIMITED (BCL)   2 Strong Buy
BIOTA HOLDINGS (BTA)   1 Sell
LOOKSMART LIMITED (LOK)   1 Sell
NOVOGEN LIMITED (NRT)   1 Sell
* Recommendations as at 24th Oct 2003. Data compiled and supplied by Thomson Financial First Call. more...



Upcoming Floats


Upcoming Float

Company Name: GEC Australian Health Care Fund  
Expected Offer Open: 27th Oct 2003
Expected Offer Close: 28th Nov 2003
Expected Float Date: 10th Dec 2003
Issue Price: $1.00
Notes:

The GEC Australian Health Care Fund will be investing in a portfolio of mainly Australian Healthcare sector stocks aiming to achieve strong capital appreciation over the longer term.

The Fund's portfolio of investments will be managed by Ausbil Dexia Limited, one of the better performing of Australia's fund managers in recent years, which employs specialist healthcare analysts.

Units in the Fund, being an Exchange Traded Fund (ETF), can be readily bought and sold on the Australian Stock Exchange at a price at or near NAV, with no entry or exit fees other than the cost of brokerage.


Impending Float

Company Name: Tethyan Copper Company Limited (TYC)  
Industry Sector: Other Metals
Expected Offer Open: 3rd Oct 2003
Expected Offer Close: 20th Oct 2003
Expected Float Date: 30th Oct 2003
Issue Price: $0.30
Notes:

Tethyan Copper Company Limited is a dedicated copper-gold resource company uniquely focused on the exploration and development of the giant copper and gold resources at our Reko Diq Project located on the Tethyan Magmatic Arc in Pakistan. This is an opportunity to provide capital for completing the acquisition and rapid development of the Reko Diq Project - potentially one of the world's largest undeveloped copper-gold resources.


Impending Float

Company Name: Comdek Limited (CDS)  
Industry Sector: Telecommunications
Expected Offer Open: 2nd Sep 2003
Expected Offer Close: 20th Oct 2003
Expected Float Date: 31st Oct 2003
Issue Price: $0.20
Notes:

Comdek is a satellite communications and computer campany whose objective is to enhance shareholder wealth through growth of its business units. The company's focus is to facilitate and continue growth of its existing satellite communications business throughout national and international markets.


Upcoming Float

Company Name: Landmark White Limited  
Expected Offer Open: 27th Oct 2003
Expected Offer Close: 19th Nov 2003
Expected Float Date: 8th Dec 2003
Issue Price: $0.50
Notes:

LandMark White is a very strong operator in the property services market and has maintained its reputation for outstanding valuation services and property advice over many years. It holds a strong market position in New South Wales and South-East Queensland and is building a similar market position in other areas of Australia.


Upcoming Float

Company Name: BrickWorks  
Expected Offer Open: 3rd Nov 2003
Expected Offer Close: 28th Nov 2003
Expected Float Date: 12th Dec 2003
Issue Price: $1.00
Notes:

Brickworks Investment Company Limited has been formed to acquire and manage the investment portfolio of Brickworks (the "Investment Portfolio") which, at 30 September 2003, had a market value of $157.2 million.

Brickworks' Investment Portfolio has provided total returns in excess of Australian share market averages.


Upcoming Float

Company Name: Tritton Resources Limited  
Expected Offer Open: 4th Nov 2003
Expected Offer Close: 28th Nov 2003
Expected Float Date: 9th Dec 2003
Issue Price: $0.40
Notes:

The Company's immediate goal is to develop the Tritton Copper Mine and then to use this central processing facility as a platform for the development of other deposits. In doing so, the Company aims to become a profitable, long life operator with a sustainable resource inventory.




Stock Watch
Company Comment Dividend
(per share)
Franking Ex-Dividend
Date
Payment
Date
MCGUIGAN SIMEON WINES LIMITED (MGW) 2003 Final Year Result 11 ¢ 100% 31st Oct 2003 21st Nov 2003
EAST AFRICAN COFFEE PLANTATIONS LIMITED (EAC) 2003 Half Yearly Result 2 ¢ 100% 31st Oct 2003 14th Nov 2003
MACQUARIE GOODMAN MANAGEMENT LIMITED (MGM) 2003 Final Year Result 3 ¢ 100% 31st Oct 2003 14th Nov 2003
AUSTRALIAN MAGNESIUM CORPORATION LIMITED (ANM) October 2003 Final Year Result 3.2 ¢ 0% 31st Oct 2003 24th Nov 2003
MARYBOROUGH SUGAR FACTORY LIMITED (THE) (MSF) 2003 Final Year Result 10 ¢ 100% 31st Oct 2003 18th Nov 2003
  more...



Funds


Boutique Funds

Boutique fund managers continue to grow in popularity, driven mainly by recent poor performance of larger fund managers and the perceived notion that small funds are more nimble and effective at getting in and out of investments especially smaller cap stocks.

Many boutique-managed funds are part owned by the fund manager and their payment structure is usually based on smaller percentage fees and more performance-based fees. Again giving investors the feeling that their interests are closely aligned to that of the fund manager.

Fund Name Assirt Rating Sector MER Historical Returns* Request a
Prospectus/PDS
(via post)
3 Mth 1 Yr 3 Yr
Colonial First State FirstChoice Investment 452 Capital Australian Share Fund Not Rated Diversified Shares 1.95% 6.2% n/a n/a Request a Prospectus for this Fund
Advance Australian Smaller Companies Fund Small Cap Shares 2.31% 16.73% 26.63% n/a Request a Prospectus for this Fund
MMC Value Growth Trust Not Rated Small Cap Shares 1.94% + 8.82% * 19.34% 17.14% Request a Prospectus for this Fund
Tyndall Australian Share Portfolio Diversified Shares 1.99% 8.26% 15.28% 14.87% Request a Prospectus for this Fund
Tyndall Australian Share Value Fund Diversified Shares 1.31% 8.49% 15.78% 15.59% Request a Prospectus for this Fund
EQT Small Companies Fund Small Cap Shares 2.31% 29.4% 53.14% n/a Request a Prospectus for this Fund
Glebe Small Cap Equities Trust Not Rated Small Cap Shares 1.9% 21.2% 33.19% 4.34% Request a Prospectus for this Fund
Australian Unity Acorn Microcap Trust Small Cap Shares 2.5% 32.45% n/a n/a Request a Prospectus for this Fund

+ Last year's MER. Subject to performance fees
* 3 months to 30th Sept 2003



Global Resources

Any metal gold in colour and those companies lucky enough to be associated with these metals seem to currently be investor favourites. Gold and nickel prices especially continue to remain strong.

InvestSMART believes the recovery in world economies will lead to continued demand for raw materials especially in emerging countries such as China and will underpin a strong resource sector recovery.

Fund Name Assirt Rating Sector MER Historical Returns* Download a
Prospectus/PDS
(PDF format)
Request a
Prospectus/PDS
(via post)
3 Mth 1 Yr 3 Yr
Colonial First State Global Resources Fund Resource Shares 2.25% 24.44% 23.99% 16.45% Download the Prospectus for this Fund Request a Prospectus for this Fund
JBWere Resources Fund Resource Shares 1.91% 17.99% 13.41% 7.55% Download the Prospectus for this Fund Request a Prospectus for this Fund






InvestSMART makes no recommendations as to the merits of any investment opportunity referred to in this email. Before making any investment decision on the basis of any reports or information provided you must read the disclosure document and make your own investigations regarding the accuracy, reliability and completeness of this information.

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IMPORTANT : This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person. InvestSMART Financial Services Pty Ltd makes no recommendations as to the merits of any investment opportunity referred to in its emails or its related websites.