Good afternoon,On Wednesday we made the decision to purchase Harvey Norman (HVN) shares for 15% of the portfolio. As you know, HVN operates the Harvey Norman branded stores, and stores branded under other names such as Domayne and Norman Ross. The 264 retail complexes operate in Australia, New Zealand, Asia and Europe, however the majority are locally operated.Since the last major share price upgrade (and subsequent upgrades by a number of...more
Good afternoon,Yesterday we made a purchase of Lend Lease shares for 15% of the value of the portfolio. The purchase takes our exposure in the market o 65%, with 35% remaining as cash.Lend Lease operates a property-based business, with operations that span retail, commercial and residential development, sales and investments. The company pays a dividend currently above 4% per annum; however this is expected to rise sharply with a recovery in the...more
Good afternoon,Over the weekend the member countries of the EU and also the IMF showed the strength of their convictions and a united front saying they will do whatever it takes to stabilise the Euro zone. This show of strength occasioned us to purchase back the majority of the portfolio.The market opened just 35 points higher than Friday's close, and having pre-researched a number of companies over the weekend we made the following purchases:BHP - for 15% of the portfolio purchase price $38.08, closing price $39.00Woodside Petroleum - for 16% of the portfolio, purchased at $43.08 closing price $43.46National Bank - we sold this one at over $28, purchased back at $25.06, closing price $25.54Lend Lease - sold at $8.55, purchased back at $7.94, closing price $7.92.These purchases leave the portfolio 69% invested.We will expand more tomorrow on the economic rationale behind the portfolio change; but suffice to say we believe this is the first genuine opportunity to acquire quality stocks at discounted levels for our managed discretionary accounts this year.As always if you have any questions please call us at the desk.by: Hayden KerrAbout the Author:William Shaw is a boutique...more
Orofino Gold Corp., ORFG.pkORFG.pk has taken a shine to Colombia .ORFG.pk has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.At the ORFG.pkSenderos de Oro project, government recorded Gold production from the area has been significant with production records between 1987 to present of...more
Wall coat racks are objects that are fixed on walls where one can hang their coats. These are fixed for the wall tightly to guarantee that they do not detach on the wall due to the weight with the coats. The handles or hooks exactly where the coats are hanged are incredibly powerful. They are made this method to avoid breaking when the coat is...more
In 1978, the Fair Debt Collection Practices Act was created to eliminate abusive practices done by debt collectors and to protect consumers. Reading this article will give you more information about some unfair practices you should be aware of.In case you've found that any one of these violations are committed by a debt collection agency or a creditor collecting debts from you, don't hesitate to contact the Federal Trade Commission by calling their toll free number at 1-877-FTC-HELP (1-877-382-4357) or visit their website at ftc.gov. You should also get in touch with your State Attorney General's office as debt collection laws vary from state to state. Below are the unfair debt collection practices your debt collector might have committed:Calling at the wrong hour. According to the FDCPA, a debt collector may contact you by phone to advise you of your debts but not before 8 am or after 9 pm. If your creditor attempts to call you during these unprofessional hours, you can report it to the FTC right away.Continuous attempt to collect debts even after your request to stop. Under the law, you can send a written letter of request to the creditor to stop with its collection attempts. If...more
If you're behind on paying your bills - and who isn't, these days? - it's tempting to let the mail pile up. After all, who wants to face yet another reminder that their financial house isn't in order? Ignoring the bills and debt collection calls can...more
With the advent of growing consumerism and easy loan facilities extended to people to leverage their future income, it happens often that people trend to take too much of loans on various grounds and formats and then are unable to service their debts...more
Being a bride is one time opportunity for every woman, and it becomes important to make it special by means of purchasing best apparel, jewellery, and so on. Now when we talk about apparel for an Indian bride, sarees are the one which come first on...more
Indian culture and tradition has its own value and is respected by all. But in this era people are rapidly accepting the western culture which has its own style and presentation of clothes. Combining this both traditional and western culture can...more
Debt collectors are separated into third party and in house collectors. In house collectors work directly for creditors. Oftentimes, creditors will utilize a company name, address and phone number that is separate to fabricate the impression of an...more
Family tours are not complete without bringing along souvenirs from the place you just went to. The memorabilia are not only decorative items, these can even be useful. It is also something to remember the good times you had with your family during...more