Energy shares rebound

ASX SPI Futures down 11 points

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U.S. stocks rose to halt a three-day slide, as beaten-down energy

shares climbed for a second session from their lowest level since

September and airlines led transportation companies off a three-month

low.

Weakness in energy and industrial shares has helped restrain equities

from any meaningful advance since the Standard & Poor’s 500 Index

reached a more than three-month high in early November. Airlines

boosted industrials today, while Chevron Corp. added 1.9 percent to

bolster energy after cutting its 2016 spending plans.

The S&P 500 rose 0.2 percent to 2,052.26 at 4 p.m. in New York, near

its average price during the past 50 days after earlier rising as much as

1 percent. The gauge remains on track for its first weekly decline in

four.

A rally in commodity producers failed to lift sentiment in European

stocks, which closed lower for a third day. The Stoxx Europe 600 Index

slipped 0.3 percent at the close of trading in London, after earlier falling

as much as 0.9 percent.

U.S. Stocks Gain Slightly as Energy Shares Recover

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P500 +0.23%

Dow Jones +0.47%

NASDAQ +0.44%

STOXX 600 -0.27%

FTSE100 -0.63%

Dax30 +0.06%

Crude Oil -1.10%

Gold -0.45%

The ASX tumbled on Thursday despite better than expected jobs data

that sent the AUD soaring. The AUD gained nearly 1% versus the USD

after the Australian government released official employment figures

which showed that 71k jobs were added in November. The

unemployment rate fell to 5.8%. Analysts had expected a rise to 6%.

The ASX200 finished the trading session at 5038 points. The index

dipped below the 5,000 mark at around 1:30pm before recovering 40

points. Overall the local share market lost 0.8%.

The Materials sector rose 0.7% as investor bought into the embattled

resource companies. BHP Billiton, the world largest miner, rebounded

1.9% to rise for a second consecutive session.

The financials sector fell 1.5% as banking shares tumbled.

Commonwealth bank (CBA) dropped 1.7% and Westpac (WBC) fell

2%.

ASX Dips Below 5,000 in Intraday Trade as Banks Sink

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX200 -0.84%

ALLORDS -0.83%

CBA -1.73%

BHP +1.86%

WBC -2.00%

NAB -1.83%

BIG +6.52%

IAG -1.43%

FLN +0.29%

DAILY PRICE ACTIVITY AUSTRALIA

ASX200 price action yesterday

UPCOMING ANNOUNCEMENTS

Courtesy of http://www.brrmedia.com/calendar

What’s coming up?

DATE CODE COMPANY ANNOUNCEMENT

DATE CODE COMPANY ANNOUNCEMENT

10/12/2015 IWG IWEBGATE LIMITED iWebgate: pioneering the vizualisation of network services

10/12/2015 EASYHOTEL easyHotel plc - Results for the year ended 30 September 2015

10/12/2015 WESTMINSTER GROUP PLC Westminster Group, New Airports MoU & Operational Update

14/12/2015 IGO INDEPENDENCE GROUP NL

Independence Group NL - Nova Optimisation Study

Presentation

18/12/2015 GNC GRAINCORP LIMITED GrainCorp 2015 Annual General Meeting

27/01/2016 EVN EVOLUTION MINING LIMITED December 2015 Quarterly Results

28/01/2016 CCP CREDIT CORP GROUP LIMITED Credit Corp Group Half Year Results

10/02/2016 BLD BORAL LIMITED Boral Half Year Results

19/02/2016 DUE DUET GROUP DUET 2016 Half Year Results

UPCOMING DIVIDENDS

Courtesy of http://www.morningstar.com.au/Stocks/UpcomingDividends

Tasty dividends & distributions

DATE CODE COMPANY ANNOUNCEMENTASX CODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING %

CBAHA BND 3M 12-15 14 Dec 2015 24 Dec 2015 62.00 --

AQHHA HY 3M 09-72 Q RD T 18 Dec 2015 31 Dec 2015 167.99 --

CNGHA HY 3M 03-37 Q RD T 21 Dec 2015 31 Dec 2015 136.87 --

JHX James Hardie 21 Dec 2015 26 Feb 2016 10.15 0.00

KBLGA CBND 12.00% 02-17 6M 21 Dec 2015 31 Dec 2015 2.29 --

TTSHA BND 3M 07-19 22 Dec 2015 05 Jan 2016 131.31 --

PCAPA -- 23 Dec 2015 06 Jan 2016 113.51 100.00

MBLHB HY 3M PER Q ST 24 Dec 2015 15 Jan 2016 97.29 --

ECX Eclipx Group 29 Dec 2015 29 Jan 2016 6.50 100.00

EPX Ethane Pipeline 29 Dec 2015 15 Jan 2016 3.25 77.10

IMFHA BND 3M 06-19 E 29 Dec 2015 08 Jan 2016 160.43 --

LEP ALE Property 29 Dec 2015 07 Mar 2016 9.90 0.00

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

TME.asx - steaming hot KAR.asx - cooling down

The FY15 results marked the turnaround or

Trade Me as investors reassessed the value of

the stock. Revenue rose 10% while earnings

were flat. TME stated recently that the Kiwi jobs

market is cooling off with the number of new

jobs rising only 1.2%.

Still in exploration stage and yet due to

commence production, investors see no reason

to value Karoon Gas higher in the current low

price environment. With crude oil prices at

record lows there are little chances for KAR to

generate cashflow.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY ANNOUNCEMENT

No economic news for

Australia

No data from China

U.S. retail sales set to

show a 0.3% increase

m-o-m

NEWSWORTHY

This caught our attention..

DATE CODE COMPANY ANNOUNCEMENTTabcorp and News UK Establish Partnership

to Launch New Online Business in the UK

Gabling and entertainment provider and ASX 100 company,

Tabcorp Holdings Ltd (ASX:TAH) has announced the signing of an

agreement with News UK to embark on a new online

wagering/gaming business within the UK and Irish markets.

The new business will be called ‘Sun Bets’, which will likely launch

in 2016. News UK is a subsidiary of the U.S media corporation

News Corp,

Sun Bets will take advantage of both Tabcorp’s ability in global

wagering, along with News UK diversified customer base, high

quality media assets (Sun newspaper), and their sports and racing

products (Dream Team FC).

Read the full story here: https://www.wise-owl.com/news/tabcorp-

and-news-uk-establish-partnership-to-launch-new-online-

business-in-the-uk

LATEST UPDATE FROM WISE-OWL

Teranga Gold Corporation (ASX:TGZ)

CODE COMPANY ANNOUNCEMENTGrowth: Teranga Gold Corporation (ASX:TGZ) – Hold

ASX:TGZ

Wise-owl recommended to buy Teranga Gold Corporation

(ASX:TGZ) on 5th May 2015. This position is part of our 'Growth

Portfolio'.

We downgrade our view from 'buy' to 'hold' in light of recent trading

conditions. TGZ released its Q3 results in October which showed

that the company is on track to meet most of its guidance targets.

All-in sustaining costs are US$1,191 per ounce, including US$247

per ounce in new project capital. Net profit increased to $1.6m and

the company ended the quarter with $29.9m in cash.

Teranga Gold has a strong balance sheet with no debt and surplus

cash. However the company reports in USD and is therefore subject

to gold priced in US Dollars. With cash costs slightly better than

forecast, but production expected at the lower end of guidance we

downgrade our view from 'buy' to 'hold'

Downgrade from Buy to Hold | Last Price: $0.525

Click here to read the full report

OUR VIEWS AT A GLANCE

Find below a summary of Wise-owl’s current market views

CODE COMPANY ANNOUNCEMENT

The ASX 200 is stabilising but remains in a medium-term downtrend

We continue to focus on small-mid cap stocks

We remain cautious on the resource sector

We expect international markets to benefit from lower volatility

Bullish view for European equities

There are individual opportunities on the ASX 200

A WISE-OWL PUBLICATION

Presented by Simon Herrmann

DATE CODE COMPANY ANNOUNCEMENT

Wise-owl.com

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LICENSE & DISCLAIMER

DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER

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