South32 declines on debut

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U.S. stocks rose to all-time highs as Apple Inc. climbed on comments

from Carl Icahn and banks rallied amid higher bond yields. Apple

gained 1.1 percent after Icahn called for the company to boost its stock

buyback. Citigroup Inc. and SunTrust Banks Inc. added more than 0.8

percent.

The Standard & Poor’s 500 Index climbed 0.3 percent to 2,129.2 at 4

p.m. in New York, closing at a record for the third consecutive session.

The Dow Jones Industrial Average added 26.32 points, or 0.1 percent,

to 18,298.88, also an all-time high.

A gain in automakers pushed European stocks higher, as Greek

equities reversed a drop.

The Stoxx Europe 600 Index rose 0.4 percent to 398.09 at the close of

trading in London, after falling as much as 0.7 percent. It climbed 0.6

percent earlier. Greece’s ASE Index added 1.6 percent, erasing a 2.7

percent drop after a report that the European Commission is proposing

a deal compromise.

U.S. Stocks Advance as Banks, Apple Gain

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P 500 +0.30%

Dow Jones +0.14%

Nasdaq +0.60%

Stoxx 600 +0.41%

FTSE100 +0.12%

Dax30 +1.29%

Crude Oil -0.12%

Gold -0.02%

The Australian market opened lower and continued to suffer throughout

the day. The losses were led by sell-offs amongst the big banks and

consumer discretionary shares, whilst BHP plunged more than 7% as

its spin-off South 32 started trading today. Negative results were

experienced across all the sectors with health care being the biggest

loser. The Australian dollar depreciated against most major currencies.

The All Ordinaries fell 70.00 points (-1.22%) to 5,660.00 while the

S&P/ASX 200 dropped 76.30 points (-1.33%) to 5,659.20.

Japan's Nikkei 225 closed at a near three-week peak, buoyed by

better-than-expected data as well as robust gains in the financial and

insurance sectors.

* BHP traded ex-dividend, following the demerger of South32.

ASX Falls as Bank Selloff Overshadows South32 Debut

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX200 -1.33%

ALLORDS -1.22%

CBA -2.06%

BHP* -7.26%

WBC -2.51%

CIM +0.40%

LLC -0.42%

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

18/05/2015 CVC CVC LIMITED Record Date

18/05/2015 BLT/BHP BHP BILLITON LIMITED Ex Div Date/Demerger Dividend

18/05/2015 POH PHOSPHAGENICS LIMITED Annual General Meeting

18/05/2015 WAX WAM RESEARCH LIMITED Ex Div Date

18/05/2015 SBB SUNBRIDGE GROUP LIMITED Annual General Meeting

19/05/2015 Montgomery Investment Management Montgomery webinar

19/05/2015 NAB NATIONAL AUSTRALIA BANK LIMITED Record Date

19/05/2015 DRA DRAGON MINING LIMITED Annual General Meeting

19/05/2015 WAA WAM ACTIVE LIMITED EGM

19/05/2015 IFZ INFRATIL LIMITED Full Year Results

19/05/2015 BZL BRAZIRON LIMITED Annual General Meeting

19/05/2015 ABM RBS GROUP (AUSTRALIA) PTY LIMITED Record Date

19/05/2015 FGX FUTURE GENERATION INVESTMENT FUND LTD EGM

20/05/2015 PGS PLANET GAS LIMITED Annual General Meeting

20/05/2015 BLT/BHP BHP BILLITON LIMITED Record Date/Demerger Dividend

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 %

ASJ3BU DEBT -NSX 18 May 2015 31 May 2015 0.00 --

MQG Macquarie Group 18 May 2015 02 Jul 2015 200.00 40.00

WAX WAM Research 18 May 2015 28 May 2015 4.00 100.00

IPL Incitec Pivot 19 May 2015 01 Jul 2015 4.40 0.00

RMD ResMed 19 May 2015 18 Jun 2015 3.07 0.00

PTB PTB Group 20 May 2015 16 Jun 2015 5.00 100.00

ZNZ Z Energy 20 May 2015 03 Jun 2015 15.50 0.00

AGLHA FRN 08-JUN-39 27 May 2015 09 Jun 2015 154.51 --

ORI Orica 28 May 2015 01 Jul 2015 40.00 35.00

SDG Sunland Group 01 Jun 2015 25 Jun 2015 2.00 100.00

SNC Sandon Capital Investments 01 Jun 2015 12 Jun 2015 2.00 100.00

CSR CSR 02 Jun 2015 07 Jul 2015 11.50 0.00

CTXHA UNSEC.FRN 15-SEP-37 03 Jun 2015 15 Jun 2015 170.03 --

CWNHA UNSEC.FRN 14-SEP-72 03 Jun 2015 15 Jun 2015 182.00 --

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

MMS.asx - steaming hot FRI.asx - cooling down

McMillan Shakespeare Limited (MMS) is a

provider of salary packaging and novated

leasing, and fleet and asset management

services.

A technical breakout has occurred following

three months of consolidation.

Finbar Group Limited (FRI) engages in

property development and investment in

WA.

The Perth housing market has been slipping

on the back of the resources slowdown. FRI

posted a significant decline in revenue for

H1FY15.

ECONOMIC NEWS

What to look out for

DATE CODE COMPANY ANNOUNCEMENT

The RBA releases

minutes of its latest

monetary policy

meeting

Core CPI for Euro

zone tonight

U.S. Housing data at

10:30pm (AEST)

NEWSWORTHY

This caught our attention..

DATE CODE COMPANY ANNOUNCEMENTWealth Column: Australian Finance

Group Ltd (AFG) – by Tim Morris

As the lowest domestic interest rates in 50 years ease

further, Australia’s financial regulators have maintained a

close eye on the housing market. The banking regulator

issued new guidelines for lenders in December, just as the

value of mortgage commitments completed a 24 month

expansion exceeding 40 per cent. Whilst short of being

mandatory – the guidelines suggested lenders appraise

loan serviceability with a 7 per cent base line lending rate –

which is circa 50 per cent higher than current market

mortgage rates.

Read the full story here: https://www.wise-

owl.com/news/wealth-column-australian-finance-group-ltd-

afg

LATEST UPDATE FROM WISE-OWL

Australian Finance Group Ltd (AFG)

CODE COMPANY ANNOUNCEMENT

Australian Finance Group Ltd ("AFG", "the Company") is an

Australian financial services company focused on mortgage

broking. The Company's principal focus is wholesale

mortgage broking. It sources mortgage products from a

panel of over 30 principal lenders and distributes them

through a network of 2,300 aligned brokers located

throughout Australia. AFG was established in 1994. The

Company currently has 170 employees, serving a loan book

exceeding $1billion. It holds an 8.4 per cent share of the

Australian mortgage market.

Offer Price: $1.20 - $1.38 | Listing: 22nd May | Rating: 3/5

Click here

ASX:AFG

Float Watch - Australian Finance Group Ltd (AFG)

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DATE CODE COMPANY ANNOUNCEMENT

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