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InvestSMART.com.au - Newsletter

InvestSMART Newsletter - 8th December 2003

InvestSMART continues to lead the charge against unnecessary fees in the managed funds industry and the financial services industry in general.

At a recent board meeting it was decided to take this campaign even further, and as of today our new motto is "if you find a better deal, we'll beat it" on all financial products we are legally and practically able to deal in.

It continues to amaze us that a large percentage of investors continue to invest directly through the fund managers, incurring up to 5% in upfront entry fees (including ongoing contributions). By investing through InvestSMART we nearly always rebate 100% of these entry fees. Your investments are still held directly with the fund manager of your choice, we are simply known as your dealer and have no legal ownership or responsibility over your investments.

Granite Three Pillars - InvestSMART now offering 12 months free Platinum Membership
Why would you invest in Three Pillars? Simple. It's effectively a listed managed fund where expert investment analysts with an impressive track record manage your money through buying a diverse range of listed Australian stocks. It could be parallelled with a "growth bias" managed fund though without the high entry and management fees, in fact, management take a small management fee and the rest is based on performance.

InvestSMART also believes the free attaching option to this offer adds significant upside to this LIC. Each Share allocated under this Prospectus will entitle the holder to one Option to subscribe for an additional share. The Exercise Price (?) for each Option shall be $1.00 and will expire on 19th May 2005.

Why buy three pillars through InvestSMART? Firstly, we are offering you 12 months free Platinum Membership if you invest through us. Secondly, our dedicated friendly service team can help you out with any queries or problems and thirdly we can also help you sell this investment at any time in the future. In fact, you do not even have to open an account to sell, but we can tell you about this later.

Click here for further information, or check out our "Investment Opportunities" section below.

OM-IP MultiStrategy Limited - Closing soon!
The last OM-IP offer closed early and oversubscribed, we suggest all interested investors get their applications and money in early. The minimum investment is $5,000 and the subscription price is $1.00 per Share. The issue will remain open until 5.00pm Sydney time on 19th December 2003.

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⁺.

Once again we are offering 12 months FREE Platinum Membership, usually worth $297, to any client who invests in this fund through InvestSMART.

Click here to order your prospectus, or check out our "Investment Opportunities" section below.

Regards
The InvestSMART Team

Offer Overview

GRANITE THREE PILLARS LIMITED
Issue Price	$1.00 per share + a free option to purchase another share at the float price ($1.00) - expiring 19 May 2005
Amount to be raised	Up to $100 million
Offer Open Date	24th November 2003
Expected Close Date	9th January 2004
Expected ASX Listiing	23rd January 2004
Documents Download a Prospectus Request a Prospectus by Post Download Tips
For further information please contact: InvestSMART Financial Services on 1300 880 160

Offer Overview

OM-IP MULTISTRATEGY LIMITED
	Capital guarantee and a rising guarantee from National Australia Bank⁺
	Aims to generate medium-term capital growth of more than 12% p.a.^*
	$5,000 minimum investment at $1 per share
	Offer closes on 19th December 2003
	Receive 12 FREE months of Platinum Membership (or extended membership) when you invest
Documents Request a Prospectus by Post Independent Research Report #1 Independent Research Report #2 Download Tips
For further information please contact: InvestSMART Financial Services on 1300 880 160

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.

Granite Three Pillars Limited

For the first time van Eyk Research's share selections are made available through an IPO - Granite Three Pillars Limited.

van Eyk's benchmark portfolio (34% Blue Chip, 33% Growth, and 33% Special Situations) outperformed the ASX 300 by 39.04% for the 27 months to 30 September 2003. The annualised return was 14.72%, this represents a 14.83%pa return above the ASX 300 during the same period (Past performance in no guide to future performance, please read prospectus for full performance disclosure).

Granite is seeking to raise up to $100 million. Each share carries an option to purchase another share at the float price ($1.00), expiring 19 May 2005.

For more information and to download/request a prospectus please click here

Issue Price

$1.00 per share + a free option to purchase another share at the float price ($1.00) - expiring 19 May 2005

Amount to be raised

Up to $100 million

Offer Open Date

24th November 2003

Expected Close Date

9th January 2003

Expected ASX Listiing

23rd January 2004

Documents

Download a Prospectus

Request a Prospectus by Post

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 19th 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.

RUBICON MULTI-STRATEGY NOTES

Capital protected notes linked to Rubicon funds

The Rubicon Multi-Strategy Notes combine the benefits of capital protection provided by Macquarie Bank with the potential for attractive income and capital growth based on the performance of three funds managed by Rubicon.

The Rubicon Multi-Strategy Notes are seven year notes issued and capital protected at maturity by Macquarie Bank. They provide a return linked to the performance of a basket of three absolute return funds managed by Rubicon Asset Management (the Rubicon funds).

For more information and to download a application please click here

	100% capital protection at maturity provided by Macquarie Bank
	potential for capital growth from a range of innovative investment strategies
	100% finance from Macquarie Bank
	annual income based on the performance of the Rubicon funds
	diversification benefits from investment in non-traditional assets
	liquidity on a monthly basis (no exit fee)
	$50,000 minimum investment
	Offer closes on 17th December 2003
Documents Rubicon Notes Flyer Macquarie Loan Application Media Release Rubicon Notes Application EPN Master Note Document

NEXUS BONDS LIMITED

It is not often that a new investment is able to deliver no fees, a floating rate of return, listing on the ASX, and investment grade ratings (from both Standard and Poor's and ASSIRT) with a portfolio originated by the Arranger, Deutsche Bank.

It is therefore with pleasure that we present the new unsecured note issue from Nexus Bonds Limited - Portfolio Linked Floating Rate Notes ("PLFRNs"). The interest rate on the notes is reset every quarter and is set at the 90 Day Bank Bill Rate plus 3.25%.

For more information and to download/request a prospectus please click here

Investment Outline	Portfolio Linked Floating Rate Notes* are debt securities designed to pay interest at a floating rate equal to BBSW+3.25% per annum, paid quarterly in arrears.
Issue Price	$100 per Portfolio Linked Floating Rate Note
Maturity	16th December 2009
Offer Open Date	24th November 2003
Expected Close Date	12th December 2003
Expected ASX Listiing	22nd December 2003
Documents Download a Prospectus Request a Prospectus by Post RESEARCH - Standard & Poors Credit Rating Report RESEARCH - ASSIRT Investment Grade Rating Report

On Friday 28th November van Eyk's "Growth" Model Share Portfolio was changed.

Growth
van Eyk cut Ridley Corp from the "Growth" Model Portfolio for a small loss due to a declining earnings outlook and downgraded fundamentals. The stock has fallen rapidly in not only valuation ranking but also quality ranking. As such we remove for a better opportunity. In place we have Leightons LEI at $11.66.

Portfolio	Portfolio Return*	Relevant Index	Return of Relevant Index*
Blue Chip	8.95%	ASX 100 Index	-1.12%
Special	20.18%	ASX 300 Index	-1.09%
Growth	3.92%	ASX 300 Index	-1.09%
Income	10.58%	ASX 300 Index	-2.79%

* Annualised returns as at 1st Dec 2003

more...

Impending Float

Company Name:	Village Life Ltd (VLL)
Industry Sector:	Miscellaneous Industrials
Expected Offer Open:	14th Nov 2003
Expected Offer Close:	24th Dec 2003
Expected Float Date:	8th Dec 2003
Issue Price:	$1.05
Notes:	Six years ago, the Executive Directors of Village Life identified a need in Australia to provide managed rental accommodation for Independent Seniors. Since then Village Life has developed an affordable and uncomplicated rental accommodation model. Village Life now has 43 villages under management. By the end of June 2005, Village Life plans to be managing approximately 100 villages, catering for over 5,000 residents.

Impending Float

Company Name:	Virgin Blue (VBA)
Industry Sector:	Transport
Expected Offer Open:	17th Nov 2003
Expected Offer Close:	3rd Nov 2003
Expected Float Date:	8th Dec 2003
Issue Price:	$2.25
Notes:	Virgin Blue is an Australian Airline which commenced operations in August 2000 with equity funding from Virgin group. Its combination of low fares and excellent service represent good value for money for guests. In just three years of operations, Virgin Blue has captured a Total Domsetic Market Share of more than 28%.

Impending Float

Company Name:	Allied Gold Limited (ALD)
Industry Sector:	Other Metals
Expected Offer Open:	29th Oct 2003
Expected Offer Close:	23rd Nov 2003
Expected Float Date:	8th Dec 2003
Issue Price:	$0.20
Notes:	The Company has its origins in Allied Mining & Processing Limited (now Fortescue Metals Group Limited). As a consequence of the restructuring of Fortescue's assets, the iron ore assets remained with that company and the non-iron ore assets were divested to Allied Gold. Once listed, the Board intends to continue with the exploration of the Red Dam Gold Project (in Western Australia) and to identify suitable opportunities for the gold treatment plant. In addition the Board will seek out new business opportunities including acquisitions.

Impending Float

Company Name:	MMC Contrarian Limited (MMA)
Industry Sector:	Investment and Financial Services
Expected Offer Open:	17th Oct 2003
Expected Offer Close:	3rd Dec 2003
Expected Float Date:	11th Dec 2003
Issue Price:	$1.00
Notes:	The Company is raising capital primarily to invest in the Australian stock market, using the skills of personnel provided by two highly experienced investors, MMC Asset Management Limited (MMC) and HGL Limited (HGL) (ASX code: HNG). The objectives of the Company include capital growth and the payment of dividends.

Recent Float

Company Name:	A1 Minerals Limited (AAM)
Industry Sector:	Other Metals
Float Date:	5th Dec 2003
Issue Price:	$0.20
First Day Open:	$0.25
First Day High:	$0.25
First Day Low:	$0.23
First Day Close:	$0.24
Volume:	1,540,534
Notes:	A1 has an advanced gold exploration project with the prospect of early production, other tenure of excellent potential for gold and nickel, a skilled and multi-disciplined board and management with long exploration and mining experience.

Recent Float

Company Name:	Hannan Rewards NL (HNR)
Industry Sector:	Other Metals
Float Date:	5th Dec 2003
Issue Price:	$0.20
First Day Open:	$0.20
First Day High:	$0.20
First Day Low:	$0.18
First Day Close:	$0.20
Volume:	680,000
Notes:	Hannans Reward is an exploration company with excellent nickel and gold prospects in the West Australian Goldfields. The prospects have been selected by the Company, after extensive consideration over an 18 month period, because they are well located and have previous exploration results that suggest the potential to discover economic mineral deposits.

Recent Float

Company Name:	IOOF Holdings Limited (IFL)
Industry Sector:	Diversified Industrials
Float Date:	5th Dec 2003
Issue Price:	$3.25
First Day Open:	$3.80
First Day High:	$3.97
First Day Low:	$3.59
First Day Close:	$3.96
Volume:	5,627,000
Notes:	IOOF's vision is to be a respected and competitive provider of quality financial services that create, manage and protect wealth, whilst achieving superior returns and benefits for all stakeholders. IOOF has positioned itself in the funds management industry, which is underpinned by long-term government mandated superannuation growth. IOOF has implemented a number of strategic initiatives over the past seven years to establish itself as one of Australia's fastest growing financial institutions in this market. IOOF has rationalised its business streams and developed a committed and focused strategy as a service oriented funds manager. The business is now poised for profitable growth in retail funds management, corporate superannuation and asset management. Assets under management and administration have grown substantially over the past few years.

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*
	INVESTOR GROUP LIMITED (IGP)	3	Strong Buy
	VALAD PROPERTY GROUP (VPG)	3	Strong Buy
	GREAT SOUTHERN PLANTATIONS (GTP)	2	Strong Buy
	TOWER LIMITED (TWR)	7	Sell
	LOOKSMART LIMITED (LOK)	1	Sell
	NOVOGEN LIMITED (NRT)	1	Sell

* Recommendations as at 5th Dec 2003. Data compiled and supplied by Thomson Financial First Call.

more...

Company		Comment	Dividend (per share)	Franking	Ex-Dividend Date	Payment Date
	London City Equities Limited (LCE)	2004 Half Yearly Result	1 ¢	0%	9th Dec 2003	22nd Dec 2003
	Rivkin Financial Services (RFS)	2004 Half Yearly Result	1 ¢	100%	17th Dec 2003	5th Jan 2004
	Ten Network Holdings Limited (TEN)	2003 Special Event	5.5 ¢	100%	23rd Dec 2003	8th Jan 2004
	Abacus Property Group (ABP)	2004 Half Yearly Result	2.8 ¢	0%	23rd Dec 2003	12th Feb 2004
	Aspen Group (APZ)	2004 Half Yearly Result	0.37 ¢	0%	23rd Dec 2003	20th Jan 2004

more...

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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