Precious metals gain. Futures little changed

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1 Precious metals gain Futures little changed Powered by wise-owl.com

2 YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change Global Shares and Oil Fall; Precious Metals Gain U.S. stocks fell, sending the S&P 500 Index down as energy producers tumbled with the price of crude, while banks shares sank and Perrigo Co. s disappointing results weighed on health-care companies. The S&P 500 lost 0.3 percent to 2,175.5 in New York, after the measure closed a point from an all-time high. The Dow Jones Industrial Average slid 37.4 points to 18,495.7, and the Nasdaq Composite Index fell 0.4 percent after closing at a record for the second time in three sessions. European shares halted a five-day rally, retreating from their highest prices in almost seven weeks, on disappointing earnings at companies including EON which sank 6.9 percent, the most since June, as it reported a first-half loss, triggering a slide in the industry. S&P % Dow Jones -0.20% NASDAQ -0.40% STOXX % FTSE % DAX % Crude Oil -2.48% Gold +0.39% The Stoxx Europe 600 Index slipped 0.2 percent at the close, trimming a decline of as much as 0.4 percent. Trading was volatile, with the volume of shares changing hands about a third lower than the 30-day average.

3 THE ASX YESTERDAY IN REVIEW AUS Ticker Change ASX Recovers after Early Selloff; CBA Posts Record Profit The ASX fell sharply during the first two hours of trading but recovered most of the losses in the afternoon to close just 9 points or 0.2 per cent lower. The S&P/ASX 200 ended the day at 5544 points after earlier falling as low as 5513 points. The sectors were a mixed bag yesterday as Information Technology and Health Care gained, while Energy, Staples, Telecommunication and Utilities declined. The Financial sector was dragged down by Commonwealth Bank (CBA) which fell 1.3 per cent following the release of the bank s full year results. CBA reported a 3 per cent rise to a record $9.45 billion cash profit on Wednesday. The bank declared a final dividend of $2.22, unchanged from last year. The Westpac-MI Consumer Sentiment Index, which rose 2 per cent in August to 101 points from 99.1 in July, concluded that consumers responded muted towards the RBA s interest rate cut. ASX % ALL ORDS -0.15% CBA -1.29% BHP -0.73% ANZ +1.17% RIO -0.65% HRR +3.03% CAR +3.83% RSG +4.89%

4 DAILY PRICE ACTIVITY AUSTRALIA ASX200 price action in the past 6 months: Small Caps outperform

5 UPCOMING DIVIDENDS Tasty dividends & distributions CODE DATE CODE COMPANY COMPANY NAME EX DIVIDEND ANNOUNCEMENT PAY DATE AMOUNT FRANKING % AFI AFIC 09 Aug Aug TAH Tabcorp 10 Aug Sep FRI Finbar Group 11 Aug Sep GSIC22 TIB +1.25% M 11 Aug Aug GSIO20 TIB +4.00% M 11 Aug Aug GSIO35 TIB +2.00% M 11 Aug Aug GSIO40 TIB +1.25% M 11 Aug Aug GSIU18 TIB +1.00% M 11 Aug Aug MLT Milton Corporation 11 Aug Sep RIO Rio Tinto 11 Aug Sep WBCHB TR BND 3M Q T 11 Aug Aug Courtesy of

6 WHATS HOT? WHATS NOT? COH.asx - steaming hot AHY.asx - cooling down DATE CODE COMPANY ANNOUNCEMENT Shareholders of Cochlear Ltd experienced a roller coaster ride as the stock rebounded sharply yesterday following a selloff earlier in the week. The stock has gained over 40 per cent since the beginning of the year. Sales revenue rose 23 per cent exceeding $1 billion while net profit jumped 30 per cent to $189 million, at the top end of guidance. Asaleo Care has declined 18.5 per cent year-todate after AHY took a dive on 22 July following the release of the company s half-year results. As a result of weaker trading conditions the company downgraded its earnings guidance and now expects a decline of approximately 15 per cent in net profit after tax. The decline is due to increased discounting by competitors and higher trade spend.

7 ECONOMIC NEWS What to look out for: DATE CODE COMPANY No economic news for Australia. The ongoing focus will be on this week s earnings season. Import & export data as well as jobless claims from the US tonight

8 NEWSWORTHY This caught our attention.. DomaCom DATE CODEIPO: COMPANY Property Crowdfunding for SMSF Investors DomaCom aims to disrupt the superannuation and investment management industry and seeks to raise up to $23.6 million via an initial public offering ('IPO') to list on the ASX in August. Australia s Self-Managed Superannuation Fund ( SMSF ) industry continues to grow, and we are noticing an increasing appetite amongst investors to take responsibility of their own retirement savings. Technology and the internet facilitate financial transactions and allow SMSFs to choose from a variety of products. DomaCom Limited aims to disrupt the SMSF industry by combining two concepts: Crowdfunding and property investing. Targeting the SMSF industry, DomaCom offers retail investors access to the property focused DomaCom Fund via an online crowdfunding investment platform. As at March 2016, the DomaCom Fund comprised of 16 sub-funds with Funds Under Management ( FUM ) totalling $12.4 million. Click here to read the full story

9 LATEST UPDATE FROM WISE-OWL OZ Minerals Ltd (OZL) Earnings CODE Update: COMPANY OZ Minerals Ltd (OZL) ANNOUNCEMENT Wise-owl recommended to buy OZ Minerals Limited (OZL) on 31 March at $5.11. The stock was last traded at ~$6.30, up 23% since our recommendation. We recommend to 'hold' following the release of the halfyear financial results. Copper-gold miner OZ Minerals Ltd posted an underlying result in line with our expectations for the half year ended 30 June Underlying NPAT after tax improved to $55 million while Underlying EBITDA was $178.4 million with an EBITDA margin of 45 per cent. OZ Minerals' group revenue improved $8.2 million or 2.1 per cent to $398.3 million. Net profit after tax was $29.5 million, significantly below last year's $51.8 million as a result of non-underlying items. The difference between the underlying and the statutory result is the settlement of a class action by former Zinifex shareholders which amounted to total expenses of $36.4 million or $25.5 million after tax. ASX:OZL Hold OZL Lifts Revenue, Underlying NPAT Guidance Confirmed

10 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

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