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>>Weekly Market Outlook


The Dow lost 100 points, or 1.3% on Friday after an afternoon rally that peeked into positive territory fell away, with the Dow closing at 7365.67, less than 80 points above the October 2002 low.

Fears that major US banks would be nationalised saw shares in Citigroup plummet 22.31 per cent to close at $US1.95 and Bank of America dropped 3.56 per cent to close at $US3.79. Reassurance from the Obama administration helped it bounce off its lows but investors remained concerned over the future of Citigroup and Bank of America.

In Australia this week, the major releases will be skilled vacancies, the wage cost index and construction work done data on Wednesday, private capital expenditure and average weekly earnings on Thursday and private sector credit numbers on Friday.

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Weekly Market Outlook
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Upcoming Floats
Company Closing date Floating date Issue price
Cellscreen Direct Limited - 10/03/2009 $0.50
Digislide Holdings Limited - 27/02/2009 $1.25
Thomas Bryson International Ltd - 11/03/2009 $0.50
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Broker Consensus
Company Update Current price Brokers Buy, Hold, Sell Research report
APN News & Media Limited 23/02/2009 $1.29 10 Hold download report
Austar United Communications Limited 23/02/2009 $0.78 10 Hold download report
Billabong International Limited 23/02/2009 $6.32 10 Hold download report
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Changes in Director Interest
Company Date of change Quantity Change Type Research report
Truscott Mining Corporation Limited (TRM) 20/02/2009 10,000 Acquired -
CSL Limited (CSL) 20/02/2009 594 Acquired download report
Jervois Mining Limited (JRV) 20/02/2009 8,743,780 Acquired -
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Dividend timetable
Company Comment Dividend per share Franking Ex-dividend date Payment date
Manaccom Corporation Limited (MNL) 2009 Half Yearly Result 0.5 ¢ 100% 24/02/2009 9/03/2009
Prophecy International Holdings Limited (PRO) 2009 Half Yearly Result 2 ¢ 100% 24/02/2009 18/03/2009
Servcorp Limited (SRV) 2009 Half Yearly Result 10 ¢ 100% 24/02/2009 2/04/2009
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News

Kagara goes for gold in nick of time

The Age 23/02/2009 | Mungana Goldmines is set to salve the sting of zinc's tailspin.

The trading trend is not your friend

Sun Herald 22/02/2009 | ARE you a good driver? Do you have lots of friends? Are you a good investor? Well, according to behavioural research, most of us will answer yes to all those questions even though statistically that cannot be true.

BHP's future iron-clad

Sun Herald 22/02/2009 | If cash is king, this resource giant is without peer, writes David Potts.

Invest smart? Yes we Khan, Genghis

Sydney Morning Herald 21/02/2009 | MONDAY

Fairfax shares dip below $1, then recover slightly

The Age 19/02/2009 | SHARES in Fairfax Media fell under $1 for the first time, ahead of a board meeting today and an announcement of the half-year financial result next Monday that could see profit down by as much as 25 per cent.

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