European shares finish lower

ASX set for a flat start

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The S&P 500 Index fell 0.1 percent as of 4 p.m. in New York. The

benchmark gauge has held within a rough 30-point range for three

weeks as traders awaited signals from policy makers.

U.S. as well as global investors will keep an eye on Janet Yellen’s

speech on Friday morning (US time) as they are hoping for clarity over

the Fed’s rate outlook.

The MSCI Emerging Markets Index staged a comeback, gaining 0.2

percent as benchmarks from Russia to Turkey and Taiwan advanced.

Chinese stocks fell to their lowest level in nearly two weeks on concern

the government will act to cool speculative activity in the nation’s

financial markets.

European shares posted their biggest drop in more than three weeks

as a disappointing German sentiment report highlighted lingering

concern over global growth. Drugmaker losses dragged down the

Swiss Market Index, while Italy’s FTSE MIB Index retreated amid a

bank slide. The Stoxx Europe 600 Index slid 0.8 percent to 342.02 at

the close of trading, with all industry groups retreating.

Stocks Mostly Lower Ahead of Yellen Speech

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P 500 -0.14%

Dow Jones -0.18%

NASDAQ -0.11%

STOXX 600 -0.84%

FTSE 100 -0.28%

DAX30 -0.88%

Crude Oil +1.30%

Gold -0.35%

Australia’s supermarkets soared yesterday and helped offset losses in

most other sectors. Woolworths (WOW) and Wesfarmers (WES)

gained 3.9 per cent and 2.4 per cent respectively, while most other

blue chips declined. Commonwealth Bank fell 0.6 per cent and BHP

Billiton (BHP) eased 1.8 per cent.

The S&P/ASX 200 fell 20 points or 0.4 per cent to end the day at 5,542

points, while the All Ordinaries declined 0.4 per cent as well to be last

quoted at 5,631 points.

Woolworths shares rose after investors reacted positively to the sale of

the home improvement division for $1.5 billion. The supermarket giant

also announced full year financial results for FY16 which were broadly

in line with previous guidance. Sales from continuing operations

declined 1.2 per cent to $58.1 billion, while EBITDA fell 35.5 per cent.

Nine Entertainment revealed a 7.1 per cent drop in full year profit to

$120.3 million while revenue declined 6.5 per cent or $89 million. AWE

Limited (AWE) slumped 15.1 per cent as results disappointed and

Fantastic Holdings (FAN) leapt 11 per cent after announcing a special

dividend of 15 cents per share.

Woolworths & Wesfarmers Buck the Trend

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX 200 -0.36%

ALL ORDS -0.39%

CBA -0.62%

BHP -1.82%

ANZ -0.81%

TLS -0.94%

WOW +3.92%

SDF +3.29%

SGR +0.67%

DAILY PRICE ACTIVITY AUSTRALIA

ASX200 price action yesterday

UPCOMING DIVIDENDS

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

Tasty dividends & distributions

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

AQF Australian Governance Masters

Index Fund

26 Aug 2016 22 Sep 2016 3.00 100.00

AUF Asian Masters Fund 26 Aug 2016 22 Sep 2016 1.10 100.00

BAL Bellamy's Australia 26 Aug 2016 26 Sep 2016 7.80 100.00

FID Fiducian Group 26 Aug 2016 12 Sep 2016 7.00 100.00

INA Ingenia Communities 26 Aug 2016 14 Sep 2016 5.10 0.00

OTC OTOC 26 Aug 2016 12 Sep 2016 0.50 100.00

PRT Prime Media Group 26 Aug 2016 27 Sep 2016 1.70 100.00

SNZ Summerset Group Holdings 26 Aug 2016 09 Sep 2016 2.07 0.00

YTMF01 -- 26 Aug 2016 09 Sep 2016 71.96 0.00

YTMSGP -- 26 Aug 2016 09 Sep 2016 275.00 0.00

AZJ Aurizon Holdings 29 Aug 2016 26 Sep 2016 13.30 70.00

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

JBH.asx - steaming hot PMC.asx - cooling down

JB Hi-Fi closed above $30 yesterday reaching a

fresh all-time high. JBH has doubled during the

past 12 months and is up 67 per cent year-to-

date. The company’s financial performance has

been positive and a on-market share buyback

supports buying pressure for the stock.

However, consolidation in the industry following

Dick Smith’s bankruptcy has been the major

share price driver.

During the year ended 30 June 2016, Platinum

Capital’s net asset value (‘NAV’) declined 7.3

per cent against the All Country World Index.

Management stated that the result was partially

due to being underweight to the US market and

overweight China, Japan and Europe. The

company is confident to deliver long-term

shareholder value but the stock has fallen 19.7

per cent year-to-date.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY

No data from Australia

Investors will eye UK

GDP data following the

“Brexit” vote

U.S. GDP data expected

to show a 1.1% quarterly

expansion of the economy

NEWSWORTHY

This caught our attention..

DATE CODE COMPANYBulletproof Delivers Record Revenue

Growth for FY16

Cloud service provider Bulletproof Group Limited (ASX:BPF)

announced record revenue growth for FY16 with full year revenues

jumping 69 per cent to $47.2 million. The company has over 750

customers in the portfolio after winning high profile customers

including Xero, Adairs and Genwroth.

Bulletproof experienced another year of strong organic growth with

31 per cent of revenue growth being organic in nature. Underlying

EBITDA rose 13 per cent on-year to $4.7 million while underlying

NPAT soared 51 per cent to $0.8 million. The underlying results

exclude acquisitions costs or financial liabilities re-valuations.

Operating cash flow reached $5.1 million for the financial year,

almost 50 per cent above last year’s result.

Click here to read the full story…

LATEST UPDATE FROM WISE-OWL

Woolworths Ltd (WOW)

CODE COMPANY ANNOUNCEMENTDividend Portfolio Update: Woolworths Ltd (WOW)

Wise-owl recommended to buy Woolworths Limited (WOW) on 20 January

2016 at $23.45. We believed that "upside stems from the planned exit of the

loss-making Masters business." Woolworths has agreed to three separate

contracts to facilitate the sale of the home improvement division for gross

proceeds of $1.5 billion. We maintain our 'hold' advice.

Investors reacted positively to the announcement and we maintain our view

that the sale presents a turning point for Woolworths. The company also

announced full year financial results for FY16 which were broadly in line with

previous guidance. Sales from continuing operations declined 1.2 per cent to

$58.1 billion, while EBITDA fell 35.5 per cent

Hold | Home Improvement to be Sold | Final Dividend 33 Cents

Click here to view report from Jan 2016

ASX:WOW

OUR VIEWS AT A GLANCE

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

CODE COMPANY ANNOUNCEMENT

We continue to focus on small-mid cap stocks

There are individual opportunities on the ASX 200

We feel comfortable with our exposure to the gold sector

We see little upside for US stocks in the medium-term

A WISE-OWL PUBLICATION

Presented by Simon Herrmann

DATE CODE COMPANY ANNOUNCEMENT

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