Aussie Profits Better Than expected
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The Australian profit reporting season has so far proven to be very strong.In fact & #160;profit news in countries like the US, Japan and some European countries have also been as strong.Australia has been & #160;stronger than expected at the start of the reporting season.The AMP's Dr Shane Oliver says that while it's still early days, 20 of the 25 major companies to have reported so far (or 80%) have seen their results beat expectations.He says & #160;outlook statements have generally been positive consistent with a continuing recovery, and dividends have been increasing again.Those companies over-performing & #160;included Newcrest, Leightons (see below), Rio Tinto, James Hardie, BHP, Cochlear and JB Hi-Fi. & quot;The results so far provide confidence that profits will grow 20% or so over the year ahead, & quot; Dr Oliver said.Dividends are ahead nicely: BHP lifted its payment, and Newcrest and Rio have restored their payments to shareholders. JB Hi-Fi boosted its payout, as did Leighton on Friday.Dr Oliver says the & #160;reporting season & #160;rolls on this week with & #160;companies such as Fosters, Mirvac, OneSteel, Ansell, Brambles, Coca Cola, CSL, AMP, Qantas, Wesfarmers and Billabong due to report.In the US estimates for fourth-quarter reports from Standard & #38; Poor's 500 companies continues to rise.Reuters says more & #160;companies reported results that beat estimates last week.Of the roughly 380 S & #38;P 500 companies that have already reported fourth-quarter results, 73% have beaten estimates, well above the 61% that beat estimates in most quarters up to the slump started. & #160;
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Daniel Kertcher established Platinum Pursuits in 2001 as a vehicle in which to share his knowledge of strategies to use the financial markets to grow wealth, with the aim of achieving financial freedom by making your money work for you.
His argument is that until you become financially literate and develop a method where you're able to get a reasonable return on your capital (i.e. making your money work for you), you will instead be forever working hard for your money.
Daniel Kertcher personally achieved financial freedom at a relatively young age, through his knowledge of property and then financial markets investing. Through using Options and leveraged instruments such as CFDs, Daniel developed a system to trade the markets where he could benefit from the leverage when the trade went in the direction he predicted, and hedged his positions so that there was a limited downside risk.
Some people in the past have criticised Daniel's message of striving for financial freedom in a high-risk environment such as trading derivatives. However, it is not Daniel's or Platinum Pursuits' goal to encourage everyone to trade the financial markets. Every kind of investing contains an element of risk, so this level of education is aimed specifically for those who want an understanding of professional trading techniques and strategies that they hope to apply to their own capital, and it is absolutely true that many people are not yet in a position to invest a chunk of their savings.
To be truly financially literate, it can pay to explore all the options available when you are in a position to try to get ahead in life. Daniel currently presents free introductory seminars nationally on selected dates from February to November. |
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