Pete Wargent blogspot
Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).
4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.
"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.
"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.
"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.
"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.
"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.
Sunday, 2 March 2014
ASX 200 finishes up in February
A month of downs and then ups on the stock markets.
First we got the downs, triggering many a prediction of a sharp 10-20% correction.
Instead, we got a rapid recovery as the half-year earnings reports flowed in.
A mixed bag of results as always.
The big winners from this week's results included QBE Insurance (QBE) which was up by more than 10% - as much as a result of being 'less bad' as anything
And another big winners this week was Ramsay Healthcare (RHC) which added nearly 9% to its share price on more strong results.
RHC has been one heck of a performer in recent years.
Healthcare being my favourite sector of all the market sectors, I sold my shares some time ago in RHC at a handsome profit but should have held for longer still clearly.
Also a big month for one of my old favourites almond kings Select Harvests (SHV) and Transfield Services (TSE).
Less good news for Boart Longyear (BLY) which got slammed by more than 35% in the month of February.
Also, a poor month for Wotif.com (WTF) which looks set for a period of consolidation having previously been seen as a sector leader and a growth stock.
And then we got a slight a breather at the end of the month as markets priced in unrest in Ukraine and as the market sat back to await the manufacturing data in China.
I looked at the China PMI data here yesterday.
Expecting a moderate start for the markets next week.