European markets mostly lower. ASX Futures up 9 points

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1 European markets mostly lower ASX Futures up 9 points Powered by wise-owl.com

2 YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change U.S. Stocks Close Higher as S&P 500 Nears All-Time High U.S. stocks climbed, with the S&P 500 Index edging closer to a record, bolstered by speculation borrowing costs will remain lower for longer amid moderate growth. The S&P 500 rose 0.3 percent to 2, at 4 p.m. in New York, the highest since July 21, 2015 and 0.6 percent from a record. The Dow Jones Industrial Average added points, or 0.4 percent, to 18,005.05, a six-week high. Federal Reserve Chair Janet Yellen s remarks this week that the U.S. economy is making progress and indications that policy makers won t prematurely raise interest rates have helped support stocks. In Wednesday s trading, S&P 500 industrials, raw-materials, utilities and consumer staples shares rose the most. Phone companies fell for the second time in three days, and energy stocks retreated. S&P % Dow Jones +0.37% NASDAQ +0.26% STOXX % FTSE % DAX % Crude Oil +1.73% Gold +1.23% European stocks declined, snapping their biggest back-to-back gains in two weeks, as banks and carmakers fell. The Stoxx Europe 600 Index lost 0.5 percent at the close of trading. Volkswagen AG and BMW AG dropped 1 percent or more as a strengthening euro dragged on exporters.

3 THE ASX YESTERDAY IN REVIEW AUS Ticker Change ASX 200 Erases Earlier Losses as Market Digest China Data The ASX closed little changed on Wednesday as the market erased earlier losses following the release of Chinese trade data. Australian shares fell in the first 30 minutes of trading to hit the daily low at 5335 points before recovering throughout the day. The ASX 200 closed at 5370 points, just one point lower. Chinese dollar-denominated exports declined 4.1 percent in May from a year earlier, compared with an expected drop of 3.6 percent. Imports fell 0.4 percent, less than the predicted 6 percent. The trade balance surplus was close to U$50bn. Shares in the Energy and Consumer Staples sector powered higher, while Telecommunications and Resource shares declined. Australian home loans expanded 1.7% in April, compared with a 0.7% decline in March. ASX % ALLORDS +0.10% CBA -0.45% BHP -1.21% NAB -0.45% WBC +0.29% HRR +6.90% RSG +0.88% TGZ +4.25% Most other Asian markets recovered from early losses as well with the Japanese Nikkei rising 0.9% and the Hang Seng closing flat.

4 DAILY PRICE ACTIVITY AUSTRALIA ASX200 price action yesterday

5 UPCOMING DIVIDENDS Tasty dividends & distributions CODE DATE CODE COMPANY COMPANY NAME EX DIVIDEND ANNOUNCEMENT PAY DATE AMOUNT FRANKING % ALQ ALS 08 Jun Jul JHX James Hardie 08 Jun Aug GTK Gentrack Group 09 Jun Jun HBSHB BND 7.25% M 09 Jun Jun OFX OzForex Group 09 Jun Jun SUNPC Jun Jun TCO Transmetro Corporation 09 Jun Jun TWR Tower 09 Jun Jun USR US Residential Fund 09 Jun Jun YTMMG Jun Jun AMPPA Jun Jun ORGHA HY 3M Q RD T 10 Jun Jun Courtesy of

6 WHATS HOT? WHATS NOT? CAT.asx - steaming hot RFN.asx - cooling down DATE CODE COMPANY ANNOUNCEMENT Catapult s share price has tripled in the past 12 months as the company continues to expand rapidly. During the first quarter of the year, Catapult recorded an all-time quarterly sales result with unit orders up 118%. The company is also entering the US high school market. Valuations across the entire sector have contracted during the past 12 months. It appears that investors reduce exposure from speculative investments and shift towards companies with earnings. For H1FY16 Reffind posted a net loss of $2.2m, and the stock has lost 95% of its value since peaking in October 2015.

7 ECONOMIC NEWS What to look out for: DATE CODE COMPANY Chinese market closed for Dragon Boat Festival Chinese inflation date (also known as CPI) to be released today at 11:30AM (AEST) ECB President Mario Draghi to speak tonight

8 NEWSWORTHY This caught our attention.. Speculative DATE CODE Appetite COMPANY Required for ANNOUNCEMENT ChimpChange IPO ChimpChange Limited is the next start-up technology to list on the ASX, aiming to raise $15 million before costs. ChimpChange is focused on payment solutions and digital banking. The company issues debit cards and provides banking facilities which are managed through its proprietary payments and processing platform the ChimpChange Platform. The platforms is designed to offer an alternative solution to traditional retail banking facilities and is only available to US residents. The ChimpChange platform is fully functional and the successful expansion of its product provides access to a market of scalable size in the US. Growing its customer base and transaction volumes will be the primary drivers in the short-term. We are also attracted to management s track record in the industry, as the company benefits from the expertise of Peter Clare, previous CEO of Westpac New Zealand. Click Here to Read the Full Story

9 LATEST UPDATE FROM WISE-OWL Carnarvon Petroleum Ltd (CVN) Growth CODE Portfolio: COMPANY Carnarvon Petroleum Ltd (CVN) ANNOUNCEMENT Wise-owl issued a 'speculative buy' recommendation for Carnarvon Petroleum Limited (CVN) on 4 November 2015 at $0.12. This position is part of our 'Growth Portfolio' and we have a long-term outlook. Carnarvon is progressing with a number of projects including the Roc-1 and Roc-2 Wells as well as the Outtrim East-1 well. At the end of last month, the company expanded its portfolio with the acquisition of oil prone acreage on Australia's North West Shelf. The move adds another high quality asset to Carnarvon's growing portfolio of oil and gas exploration projects in the area. As at 31 March 2016, Carnarvon had $95.3 million in cash, which is roughly in line with the company's current market capitalisation. With little value ascribed to its exploration assets and Carnarvon well positioned to unlock value from its exploration assets, we continue to favour the balance of risk and maintain our hold advice for CVN. ASX:CVN Hold Last Price: $0.105 Progress with a Number of Projects

10 OUR VIEWS AT A GLANCE Find below a summary of Wise-owl s current market views CODE COMPANY ANNOUNCEMENT The ASX 200 has potential to outperform international markets in 2016/17 We continue to focus on small-mid cap stocks There are individual opportunities on the ASX 200 We favour the risk/reward ratio for gold miners We see value in European equities We see little upside for US stocks

11 A WISE-OWL PUBLICATION Presented by Simon Herrmann DATE CODE COMPANY ANNOUNCEMENT Wise-owl.com Discovering the Bluechips of Tomorrow 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: Phone (Int.): Fax: Post: Suite 4.02 Level 4,139 Macquarie St, Sydney, info@wise-owl.com Follow us on Twitter Like us on Facebook Linkedin Add me on Linkedin:

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