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.
Wednesday, 6 April 2016
Roy Hill tees up Port Hedland record
As Gina Rinehart's Roy Hill Holdings hits its straps iron ore cargo exports from Port Hedland increased by +8 per cent year-on-year in March to hit their highest ever level of 39.5mt (reports the Pilbara Ports Authority).
This was up from 36.6 million tonnes in February.
It was interesting to note from the data that half a million tonnes of iron ore cargo each month is being shipped to Singapore, though of course China remains the premier shipping destination by a huge margin.
Iron ore is presently trading for around US$54/dry tonne, but looking at these volumes it seems likely that there will be downward pressure on prices.
It is expected that Roy Hill will add more than 50 million tonnes per annum of iron ore output.
Normal blogging activity will resume once this anomaly is resolved.