Precious metals gain

Futures little changed

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U.S. stocks fell, sending the S&P 500 Index down as energy producers

tumbled with the price of crude, while banks shares sank and Perrigo

Co.’s disappointing results weighed on health-care companies.

The S&P 500 lost 0.3 percent to 2,175.5 in New York, after the

measure closed a point from an all-time high. The Dow Jones Industrial

Average slid 37.4 points to 18,495.7, and the Nasdaq Composite Index

fell 0.4 percent after closing at a record for the second time in three

sessions.

European shares halted a five-day rally, retreating from their highest

prices in almost seven weeks, on disappointing earnings at companies

including EON which sank 6.9 percent, the most since June, as it

reported a first-half loss, triggering a slide in the industry.

The Stoxx Europe 600 Index slipped 0.2 percent at the close, trimming

a decline of as much as 0.4 percent. Trading was volatile, with the

volume of shares changing hands about a third lower than the 30-day

average.

Global Shares and Oil Fall; Precious Metals Gain

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P 500 -0.29%

Dow Jones -0.20%

NASDAQ -0.40%

STOXX 600 -0.20%

FTSE 100 +0.22%

DAX30 -0.39%

Crude Oil -2.48%

Gold +0.39%

The ASX fell sharply during the first two hours of trading but recovered

most of the losses in the afternoon to close just 9 points or 0.2 per cent

lower.

The S&P/ASX 200 ended the day at 5544 points after earlier falling as

low as 5513 points. The sectors were a mixed bag yesterday as

Information Technology and Health Care gained, while Energy, Staples,

Telecommunication and Utilities declined.

The Financial sector was dragged down by Commonwealth Bank

(CBA) which fell 1.3 per cent following the release of the bank’s full

year results. CBA reported a 3 per cent rise to a record $9.45 billion

cash profit on Wednesday. The bank declared a final dividend of $2.22,

unchanged from last year.

The Westpac-MI Consumer Sentiment Index, which rose 2 per cent in

August to 101 points from 99.1 in July, concluded that consumers

responded “muted” towards the RBA’s interest rate cut.

ASX Recovers after Early Selloff; CBA Posts Record Profit

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX 200 -0.16%

ALL ORDS -0.15%

CBA -1.29%

BHP -0.73%

ANZ +1.17%

RIO -0.65%

HRR +3.03%

CAR +3.83%

RSG +4.89%

DAILY PRICE ACTIVITY AUSTRALIA

ASX200 price action in the past 6 months: Small Caps outperform

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 %

AFI AFIC 09 Aug 2016 30 Aug 2016 14.00 100.00

TAH Tabcorp 10 Aug 2016 20 Sep 2016 12.00 100.00

FRI Finbar Group 11 Aug 2016 01 Sep 2016 4.00 100.00

GSIC22 TIB +1.25% 02-22 3M 11 Aug 2016 22 Aug 2016 34.00 --

GSIO20 TIB +4.00% 08-20 3M 11 Aug 2016 22 Aug 2016 164.25 --

GSIO35 TIB +2.00% 08-35 3M 11 Aug 2016 22 Aug 2016 52.98 --

GSIO40 TIB +1.25% 08-40 3M 11 Aug 2016 22 Aug 2016 31.78 --

GSIU18 TIB +1.00% 11-18 3M 11 Aug 2016 22 Aug 2016 26.18 --

MLT Milton Corporation 11 Aug 2016 02 Sep 2016 9.90 100.00

RIO Rio Tinto 11 Aug 2016 22 Sep 2016 59.13 100.00

WBCHB TR BND 3M 08-23 Q T 11 Aug 2016 22 Aug 2016 108.26 --

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

COH.asx - steaming hot AHY.asx - cooling down

Shareholders of Cochlear Ltd experienced a

roller coaster ride as the stock rebounded

sharply yesterday following a selloff earlier in

the week. The stock has gained over 40 per

cent since the beginning of the year. Sales

revenue rose 23 per cent exceeding $1 billion

while net profit jumped 30 per cent to $189

million, at the top end of guidance.

Asaleo Care has declined 18.5 per cent year-to-

date after AHY took a dive on 22 July following

the release of the company’s half-year results.

As a result of weaker trading conditions the

company downgraded its earnings guidance

and now expects a decline of approximately 15

per cent in net profit after tax. The decline is

due to increased discounting by competitors

and higher trade spend.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY

No economic news for

Australia. The ongoing

focus will be on this

week’s earnings season.

Import & export data as

well as jobless claims

from the US tonight

NEWSWORTHY

This caught our attention..

DATE CODE COMPANYDomaCom IPO: Property Crowdfunding for

SMSF Investors

DomaCom aims to disrupt the superannuation and investment

management industry and seeks to raise up to $23.6 million via an

initial public offering ('IPO') to list on the ASX in August.

Australia’s Self-Managed Superannuation Fund (‘SMSF’) industry

continues to grow, and we are noticing an increasing appetite

amongst investors to take responsibility of their own retirement

savings. Technology and the internet facilitate financial transactions

and allow SMSFs to choose from a variety of products. DomaCom

Limited aims to disrupt the SMSF industry by combining two

concepts: Crowdfunding and property investing.

Targeting the SMSF industry, DomaCom offers retail investors

access to the property focused DomaCom Fund via an online

crowdfunding investment platform. As at March 2016, the

DomaCom Fund comprised of 16 sub-funds with Funds Under

Management (‘FUM’) totalling $12.4 million.

Click here to read the full story…

LATEST UPDATE FROM WISE-OWL

OZ Minerals Ltd (OZL)

CODE COMPANY ANNOUNCEMENTEarnings Update: OZ Minerals Ltd (OZL)

Wise-owl recommended to buy OZ Minerals Limited (OZL) on 31 March at

$5.11. The stock was last traded at ~$6.30, up 23% since our

recommendation. We recommend to 'hold' following the release of the half-

year financial results.

Copper-gold miner OZ Minerals Ltd posted an underlying result in line with

our expectations for the half year ended 30 June 2016. Underlying NPAT

after tax improved to $55 million while Underlying EBITDA was $178.4 million

with an EBITDA margin of 45 per cent.

OZ Minerals' group revenue improved $8.2 million or 2.1 per cent to $398.3

million. Net profit after tax was $29.5 million, significantly below last year's

$51.8 million as a result of non-underlying items. The difference between the

underlying and the statutory result is the settlement of a class action by

former Zinifex shareholders which amounted to total expenses of $36.4

million or $25.5 million after tax.

Hold | OZL Lifts Revenue, Underlying NPAT | Guidance Confirmed

ASX:OZL

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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