European stocks lower

ASX Futures down 14 points

wise-owl.comPowered by

The S&P 500 declined 0.1 percent to 2,030.77 at 4 p.m. in New York,

after earlier rising to its average price during the past 100 days for the

first time since August. The Dow Jones Industrial Average declined

13.43 points, or 0.1 percent, to 17,217.11, while IBM’s retreat clipped

about 57 points off the index. The Nasdaq Composite Index lost 0.5

percent as biotechnology shares slumped.

A report yesterday showed new-home construction climbed more than

forecast in September to the second-highest level in eight years,

propelled mainly by gains in work on multifamily homes, such as

apartment buildings.

The Stoxx Europe 600 Index dropped 0.4 percent to 362.67 at the

close of trading. Europe’s equity benchmark pared a decline of as

much as 0.9 percent after commodity producers trimmed losses,

tracking gains in their U.S. counterparts.

US Stocks Ease Slightly Despite Strong Housing Data

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P500 -0.14%

Dow Jones -0.08%

NASDAQ -0.50%

Stoxx 600 -0.43%

FTSE100 -0.11%

Dax30 -0.16%

Crude Oil -0.74%

Gold +0.40%

The Australian share market fell on Wednesday as most sectors

finished in the red. The ASX 200 fell 0.7% to finish at 5,236 and the All

Ordinaries fell 0.6%.

The worst sectors were Energy and Materials falling 3.3% and 2.1%

respectively. The best performing sectors were Telecommunications

rising 2.57% followed by Healthcare up 0.89%.

The Reserve Bank of Australia released their minutes from its latest

monetary policy meeting. The RBA minutes said the Aussie dollar's

depreciation and falling commodity prices, along with low interest rates

had helped the economy rebalance without costing jobs.

"Members further observed that the risks in commercial property and

the property development sector were rising," the minutes said.

ASX Declines after RBA Minutes

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX200 -0.65%

ALLORDS -0.62%

CBA -0.92%

BHP -2.91%

NAB -0.63%

ANZ -1.59%

GXL -1.95%

IAG +0.56%

CLH +1.83%

DAILY PRICE ACTIVITY AUSTRALIA

ASX200 price action yesterday

UPCOMING ANNOUNCEMENTS

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

What’s coming up?

DATE CODE COMPANY ANNOUNCEMENTDATE CODE COMPANY ANNOUNCEMENT

21/10/2015 ORG ORIGIN ENERGY LIMITED Origin Energy 2015 Annual General Meeting

21/10/2015 EAX ENERGY ACTION LIMITED Date Payable

21/10/2015 MPL MEDIBANK PRIVATE LIMITED Annual General Meeting

22/10/2015 DLS DRILLSEARCH ENERGY LIMITED Drillsearch 2015 September Quarter Results

23/10/2015 EVN EVOLUTION MINING LIMITED Evolution Mining September 2015 Quarterly Results

23/10/2015 CAJ CAPITOL HEALTH LIMITED Date Payable

27/10/2015 CNU CHORUS LIMITED Annual General Meeting

28/10/2015 AEF AUSTRALIAN ETHICAL INVESTMENT LIMITED Annual General Meeting

29/10/2015 MFF MAGELLAN FLAGSHIP FUND LIMITEDMagellan Flagship Fund Limited Annual General

Meeting

29/10/2015 BTT BT INVESTMENT MANAGEMENT LIMITED BT Investment Management Full Year 2015 Results

4/11/2015 NPX NUPLEX INDUSTRIES LTD Nuplex Industries 2015 Annual General Meeting

4/11/2015 NPX NUPLEX INDUSTRIES LIMITED. Annual General Meeting

5/11/2015 CCP CREDIT CORP GROUP LIMITED Credit Corp 2015 Annual General Meeting

5/11/2015 BLD BORAL LIMITED Boral 2015 Annual General Meeting

UPCOMING DIVIDENDS

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

Tasty dividends

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

BAF Blue Sky Alternatives Access Fund 20 Oct 2015 06 Nov 2015 3.00 100.00

CDM Cadence Capital 20 Oct 2015 29 Oct 2015 6.00 100.00

NCC Naos Emerging Opportunities Company 20 Oct 2015 12 Nov 2015 3.00 100.00

GVF Global Value Fund 21 Oct 2015 06 Nov 2015 2.00 100.00

MCP McPherson's 21 Oct 2015 10 Nov 2015 2.00 100.00

NAC Naos Absolute Opportunities Company 21 Oct 2015 13 Nov 2015 2.00 100.00

RIC Ridley Corp 22 Oct 2015 30 Oct 2015 2.00 100.00

SNC Sandon Capital Investments 22 Oct 2015 30 Oct 2015 3.00 100.00

OPG Opus Group 26 Oct 2015 11 Nov 2015 1.00 100.00

CUP Countplus 27 Oct 2015 16 Nov 2015 2.00 100.00

NABHA HY 3M PER Q X ST 27 Oct 2015 16 Nov 2015 85.44 --

SFL Spring FG 27 Oct 2015 19 Nov 2015 2.60 100.00

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

CGF.asx - steaming hot NEA.asx - cooling down

Challenger Ltd announced that annuity sales

for the first quarter of FY16 were 12%

higher. UBS group has bought substantial

holding in the company. The stock is trading

at $7.90, with a 21.13% year to date return.

Despite rising revenue, Nearmap has

declined 48.9% since the beginning of the

year. It is currently trading at $0.33. The

investments in the U.S. are eating into

profits as the company reported a net loss of

$789 million.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY ANNOUNCEMENT

No economic news apart

from Trade Data from

Japan

NEWSWORTHY

This caught our attention..

DATE CODE COMPANY ANNOUNCEMENTGold Road Resources Makes High-Grade Gold Discovery

Wise-owl pick Gold Road Resources (ASX:GOR) has made a

high-grade gold discovery in the South Yamarna Joint Venture.

Gold Road Resources announced in a statement to the ASX

that its five-hole drilling programme was successful as it

intersected a seven metre zone of “quartz-sulphide

mineralisation with visible gold observed in quartz veins”. The

high-grade intercept is 6.76 metres at 15.85 g/t gold (Au) from

161.71 metres with two adjacent areas.

The discovery was made in the Smokebush Dolerite which is

within the South Yamarna Joint Venture with Sumitomo Metal

Mining Oceania Pty Ltd. Sumitomo has a 50% interest in the

Joint Venture.

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

road-resources-makes-high-grade-gold-discovery

LATEST UPDATE FROM WISE-OWL

TFS Corporation Ltd (TFC)

CODE COMPANY ANNOUNCEMENT

TFS Corporation Ltd is an Australian industrial company focused on the

production of Indian Sandalwood products. It controls the world’s largest

ethical and sustainable supply of Indian Sandalwood, a $1billion market

characterised by exhausted natural reserves. Our last advice was a

‘buy’ recommendation in February 2013 at a price of $0.56.

TFS offer profitable exposure to the Indian Sandalwood market. We are

attracted to the Company's growth trajectory, strong market position and

high competitive barriers. Whilst capital intensity of its operations and

external funding requirements are principal risks, we expect

shareholders to be rewarded as the Company's transition towards a

more diversified, consumer driven earnings mix becomes salient.

Offering a combination of capital growth and modest income, we

resume coverage with a 'buy' recommendation.

Buy | Price: $1.68 | Target: $2.30 | Stop: $1.20 | Long-Term Outlook

Click Here for the Full Report

Growth Portfolio: TFS Corporation Ltd (TFC)

ASX:TFC

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 increase our focus on small-mid cap stocks

We remain cautious on the resource sector

We expect international markets to benefit from lower volatility

Bullish view on 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

Discovering the Bluechips of Tomorrow

www.wise-owl.com

Wise owl specializes in identifying emerging companies and financial market trends

very early in their life cycle. The significant capital growth that often follows has earned

wise owl a formidable reputation for discovering ‘the bluechips of tomorrow’. Investors,

executives, and institutions harness this expertise through wise owl’s research, and

capital market services.

Phone: 1300 306 308

Phone (Int.): +61 2 8031 9700

Fax: 1300 304 306

Post: Suite 4.02 Level 4,139 Macquarie St, Sydney, 2000

Email: info@wise-owl.com

Follow us on Twitter | Like us on Facebook | Linkedin

Add me on Linkedin: https://au.linkedin.com/in/herrmannsimon

LICENSE & DISCLAIMER

DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER

This report was produced by wise-owl.com Pty Ltd (ACN 097 446 369), which is an Australian financial services licensee (Licence no. 246670). Wise-

owl may have an investment banking or other commercial relationship with the issuer of any security or financial product in which you have an interest

by acting in various roles including as underwriter, dealer, holder of principal positions, banker, broker, lender, adviser or researcher. Wise-owl may

receive fees, commissions or other remuneration from such activities. Wise-owl.com Pty Ltd has made every effort to ensure that the information and

material contained in this report is accurate and correct and has been obtained from reliable sources. However, no representation is made about the

accuracy or completeness of the information and material and it should not be relied upon as a substitute for the exercise of independent judgment.

Except to the extent required by law, wise-owl.com Pty Ltd does not accept any liability, including negligence, for any loss or damage arising from the

use of, or reliance on, the material contained in this report. This report is for information purposes only and is not intended as an offer or solicitation

with respect to the sale or purchase of any securities. The securities recommended by wise-owl.com carry no guarantee with respect to return of

capital or the market value of those securities. There are general risks associated with any investment in securities. Investors should be aware that

these risks might result in loss of income and capital invested. Neither wise-owl.com nor any of its associates guarantees the repayment of capital.

WARNING: This report is intended to provide general financial product advice only. It has been prepared without having regard ed to or taking into

account any particular investor’s objectives, financial situation and/or needs. All investors should therefore consider the appropriateness of the advice,

in light of their own objectives, financial situation and/or needs, before acting on the advice. Where applicable, investors should obtain a copy of and

consider the product disclosure statement for that product (if any) before making any decision.

DISCLOSURE: Wise-owl.com Pty Ltd and/or its directors, associates, employees or representatives may not effect a transaction upon its or their own

account in the investments referred to in this report or any related investment until the expiry of 24 hours after the report has been published.

Additionally, wise-owl.com Pty Ltd may have, within the previous twelve months, provided advice or financial services to the companies mentioned in

this report.