Stoxx Europe 600 gains

ASX SPI Futures up 17 points

wise-owl.comPowered by

U.S. stocks closed little changed Thursday, as investors looked past

increased stimulus by the Bank of England to Friday’s jobs report for

clues on the strength of the economy and the Federal Reserve’s next

moves.

The S&P 500 Index rose less than a point to 2,164.25 at 4 p.m. in New

York, after weaving narrowly between gains and losses throughout the

session. About 6.4 billion shares traded hands on U.S. exchanges, 9

percent below the three-month average.

European shares rose, with those in the U.K. capping their biggest

jump since June, after the Bank of England unveiled fresh stimulus

measures to help the economy cope with the fallout from the Brexit

vote.The Stoxx Europe 600 Index climbed 0.7 percent, after closing

near a three-week low on Wednesday.

The BOE cut interest rates for the first time since 2009 in a widely

anticipated move to cushion the fallout from the Brexit decision. The

central bank also plans to expand its balance sheet by $223 billion

through the purchase of government and corporate bonds, as well as a

lending program for banks.

Bank Of England Cuts Interest Rate for First Time Since 2009

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P 500 +0.02%

Dow Jones -0.02%

NASDAQ +0.13%

STOXX 600 +0.67%

FTSE 100 +1.59%

DAX30 +0.57%

Crude Oil +2.69%

Gold +0.20%

The ASX stabilised yesterday following Wednesday’s steep selloff

although official data showed that retail sales were softer than

expected.

The S&P/ASX 200 rose 10 points or 0.2 per cent while the All

ordinaries gained 12 points or 0.2 per cent as well. The Small

Ordinaries, an index tracking Australia’s mid-caps, advanced 0.4 per

cent.

Retail spending rose by just 0.1 per cent in June, figures from the

Australian Bureau of Statistics (ABS) showed. Most analyst had

predicted a slightly higher growth rate and the actual figure is the

lowest in three years.

Suncorp Group (SUN) has reported an 8 per cent drop in annual profit.

Tabcorp (TAH) announced a 9 per cent rise in underlying NPAT on the

back of a 1.5 per cent rise in revenue. Statutory profit fell 49 per cent

due to a number of one off costs related to legal proceedings and the

establishment of an online business in the UK.

Retail Spending Soft According to ABS; ASX Steady

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX 200 +0.18%

ALL ORDS +0.22%

CBA -0.49%

BHP +1.15%

WBC +0.17%

RIO -1.62%

MND +4.30%

HRR +6.45%

PSQ +3.29%

DAILY PRICE ACTIVITY AUSTRALIA

ASX200 price action yesterday

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 %

AMH AMCIL 08 Aug 2016 25 Aug 2016 3.50 100.00

OZG Ozgrowth 08 Aug 2016 25 Aug 2016 0.25 100.00

WIC Westoz Investment Company 08 Aug 2016 25 Aug 2016 3.00 100.00

AFI AFIC 09 Aug 2016 30 Aug 2016 14.00 100.00

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

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

HRR.asx - steaming hot TGA.asx - cooling down

Heron Resources has the ability to rapidly

advance into production as zinc markets tighten

and technical studies progress. Heron is funded

through to a Decision to Mine following its

August 2015 placement. Wise-owl believes

major zinc mine closures are laying foundations

for a price recovery. Wise-owl picked up HRR at

$0.10 in May and the stock has gained ~60%

since our buy advice.

Thorn group has lost 50% of its value over the

past 12 months and as a result was recently

removed from the S&P/ASX 200 index. Last

year net profit fell 34% despite a 3.5% rise in

revenue. The company stated that the result

was impacted by one-off charges and goodwill

write offs, however the market has been

bearish on the industry for quite some time as

most of TGA’s peers underperform too.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY

The RBA will publish the

monetary policy

statement from the last

interest rate decision

U.S. jobs data will be the

key point for markets

tonight

NEWSWORTHY

This caught our attention..

DATE CODE COMPANYASX 200 July Review: Gold, Consumer

Shares Outperform while Financial, Energy

Shares Lag Behind

The ASX staged a strong recovery in July and is now trading close

to a one year high. While the overall direction of the market is a

good indicator of current sentiment - unless you are holding an

index ETF - the performance of your portfolio is driven by the

companies you have invested in. However, in order to make

educated investment decisions it is important to understand which

sectors outperform and which ones underperform. Keep in mind

though that past performance is not necessarily a reliable indicator

for future performance, but rather just one of the many indicators

you should pay attention to.

July has been a strong month for equities as Australian stocks

gained 6.3% for the month.

Click here to read the full story…

LATEST UPDATE FROM WISE-OWL

Wise-owl Market Update 3 August 2016

CODE COMPANY ANNOUNCEMENTMarket, Sector & Strategy Update

The ASX staged a strong recovery in July and is now trading close to a one year

high. However at Wise-owl we focus primarily on individual companies and

sectors, rather than the market as a whole. While the overall direction of the

market is a good indicator of current sentiment - unless you are holding an index

ETF - the performance of your portfolio is driven by the companies you have

invested in.

We maintain a positive view on the gold sector and reaffirm our hold advice for

our positions in this space. We feel comfortable with our exposure to the sector

and believe that thee fundamentals in this space remain positive. Volatility has

been low for quite some time, and these companies may provide somewhat of a

hedge if volatility picks up later this year.

As we are approaching earnings season we are mindful that the short-term risk

has increased following the latest stock market rally. Whether you should buy

before or after earnings season will depend on a number of factors, but most

importantly on the overall trajectory of the company you are looking at. We may

recommend a few more companies ahead of earnings season if we believe it is

safe to do so, however given the current valuation of the market we are not in a

rush to add more positions to our already existing portfolio.

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

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.