Now that the wet season is almost over and guidance is still intact, we expect the market to become more comfortable with the outlook. [More]

QBE has now fallen 13% since its FY09 result compared to a rise in the All Ords of 3%. We believe that this reaction is overdone and with the stock offering a 6.5% dividend yield we switch to a Buy (from Hold). [More]

PDN has bounced strongly since we recommended it below $3.60 a week ago. We suggest take profits on this trade as the stock is up 3.3% and using PDNKZK this would of represented a return of 19%. [More]

PDN has bounced strongly since we recommended it below $3.60 a week ago. We suggest take profits on this trade as the stock is up 3.3% and using PDNKZK this would of represented a return of 19%. [More]

PDN's 1HFY10 earnings were not representative of future sustainable profits as both mines were still in ramp-up. More important was the commentary on Kayelekera. [More]

QAN recorded 1H NPAT of A$58m, impacted by non-cash ineffective hedging losses. However, underlying PBT of A$267m was above expectations. [More]

1H result slightly below what RBS Research was forecasting, but with airline earnings olatility, not a major disappointment. [More]

We called QAN a buy using QANKZK on the second dip to $2.55 in early December and have since seen the market rerate QAN based on the recovery story. [More]

PDN's 1HFY10 earnings were not representative of future sustainable profits as both mines were still in ramp-up. More important was the commentary on Kayelekera. [More]

News Corp reported a strong 2Q10 result and raised FY10 guidance. We expectthe focus to now turn to FY11 earnings, with our FY11F EPS of US$1.13 c13% ahead of Bloomberg consensus of US$1.00. [More]