Stoxx 600 declines

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U.S. stocks fell, with the Standard & Poor’s 500 Index below its

average price for the past 50 days, as a drop in energy shares

overshadowed a rally in health-care while investors watched for a

breakthrough in Greek debt talks.

The S&P 500 Index slipped 0.3 percent to 2,102.31 at 4 p.m. in New

York, falling for a second day. The Dow Jones Industrial Average fell

75.71 points, or 0.4 percent, to 17,890.36. The Nasdaq Composite

Index lost 0.2 percent. About 5.9 billion shares traded hands on U.S.

exchanges, 4.7 percent below the three-month average.

European stocks extended a selloff as the region’s leaders differed on

how Greek talks were progressing.

The Stoxx Europe 600 Index lost 0.2 percent to 396.39 at the close of

trading. French President Francois Hollande held out hope of a deal for

Greece, while his German counterpart said negotiations looked to be

going backward. The Greek ASE Index added 0.1 percent, after

swinging between gains and losses at least 11 times.

U.S. and European Markets Retreat as Greece Talks Continue

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P500 -0.30%

Dow Jones -0.42%

Nasdaq -0.20%

Stoxx 600 -0.23%

FTSE100 -0.54%

Dax30 +0.02%

Crude Oil -1.03%

Gold -0.06%

NYSE:BABA +0.08%

ETR:DTE +0.71%

NYSE:MRK -0.58%

The local market declined on Thursday falling 0.95% or 54 points.

Selling accelerated in the final hour of trading as it appears that

investors are nervous about holding on to their positions overnight.

Talks between Greece and its creditors ended without a solution on

Wednesday night resulting in choppy trading.

All sectors fell across the board, however the financials sector held up

the most falling only 0.6%. Commonwealth Bank (CBA) was the driving

force closing 10cents or 0.1% higher. The worst performing sector was

Information Technology falling 2.1% followed by Industrials which

declined 1.6%. Materials shed 1.1%.

There were once again no economic news from Australia.

The Nikkei fell 96.6 points or 0.46%, however remains comfortably

above the 20,000 mark.

ASX Declines

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX200 -0.95%

ALLORDS -0.93%

CBA +0.11%

BHP -0.14%

ANZ -0.59%

BEN -1.25%

WBC -1.07%

IAG -1.21%

QBE +0.42%

FLN -0.37%

DAILY PRICE ACTIVITY AUSTRALIA

ASX200 price action yesterday

UPCOMING ANNOUNCEMENTS

Courtesy of http://www.brrmedia.com/calendar

What’s coming up?

DATE CODE COMPANY ANNOUNCEMENTDATE CODE COMPANY ANNOUNCEMENT

25/06/2015 BTT BT INVESTMENT MANAGEMENT LIMITED BT Adviser Briefing - June 2015

25/06/2015 MBK METAL BANK LIMITED EGM

25/06/2015 MCE MATRIX COMPOSITES & ENGINEERING LIMITED EGM

25/06/2015 USR US RESIDENTIAL FUND Annual General Meeting

26/06/2015 PCA PREFERRED CAPITAL LIMITED Record Date

26/06/2015 WIG WILSON HTM INVESTMENT GROUP LTD EGM

26/06/2015 AVB AVANCO RESOURCES LIMITED Annual General Meeting

26/06/2015 DDR DICKER DATA LIMITED Date Payable

26/06/2015 ZTA ZETA PETROLEUM PLC Annual General Meeting

26/06/2015 ESY ENHANCED SYSTEMS TECHNOLOGIES LIMITED Annual General Meeting

29/06/2015 PRM PLENTEX LIMITED Annual General Meeting

29/06/2015 ONQ ON Q GROUP LIMITED Annual General Meeting

29/06/2015 AEB ALGAE.TEC LIMITED EGM

29/06/2015 ABF AUSMANI LIMITED Record Date

UPCOMING DIVIDENDS

Courtesy of http://www.morningstar.com.au/Stocks/UpcomingDividends

Tasty dividends

DATE CODE COMPANY ANNOUNCEMENTASX CODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING %

ALR Aberdeen Leaders 25 Jun 2015 31 Jul 2015 2.00 100.00

AAD Ardent Leisure 26 Jun 2015 31 Aug 2015 5.50 0.00

ABW Aurora Absolute Return Fund 26 Jun 2015 21 Jul 2015 0.98 0.00

AIB Aurora Global Income 26 Jun 2015 21 Jul 2015 2.12 0.00

AJA Astro Japan Property Group 26 Jun 2015 31 Aug 2015 16.00 0.00

AJD Asia Pacific Data Centre 26 Jun 2015 27 Aug 2015 2.30 0.00

ANI Australian Industrial REIT 26 Jun 2015 28 Aug 2015 9.60 0.00

AOD Aurora Dividend Income Trust 26 Jun 2015 21 Jul 2015 0.44 0.00

AOG Aveo 26 Jun 2015 30 Sep 2015 5.00 0.00

ARF Arena REIT 26 Jun 2015 13 Aug 2015 2.55 0.00

AUP Aurora Property Buy-Write Income Trust 26 Jun 2015 21 Jul 2015 11.00 0.00

AYF Australian Enhanced Income Fund 26 Jun 2015 15 Jul 2015 10.00 30.54

BOND SPDR S&P/ASX Australian Bond Fund 26 Jun 2015 09 Jul 2015 28.41 0.00

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

ONT.asx - steaming hot FLT.asx - cooling down

1300 Smiles Limited posted strong half year

results with 19% revenue growth while net

profit increased by 34%.

Flight Centre’s market was not perceived

well by the market. The company expects

PBT of around $355-$365m which is 4.4%

lower than last year. Sluggish growth in the

Australian business and weaker corporate

travel from mining companies were the main

reasons.

ECONOMIC NEWS

What to look out for

DATE CODE COMPANY ANNOUNCEMENT

Japanese household

spending and Core

CPI to be released this

morning. Inflation data

expected to show little

to no inflation at all.

No economic news

from Australia

NEWSWORTHY

This caught our attention..

DATE CODE COMPANY ANNOUNCEMENTSlater and Gordon Shares Fall amid

Quindell Investigation

The shares of Slater and Gordon (ASX:SGH) fell following the

suspension of Quindell plc’s shares as UK’s authorities have

commenced an investigation into the accounts. Earlier this

year Slater and Gordon have completed the acquisition of the

Professional Services Division of Quindell plc for A$1.2bn.

Slater and Gordon had to defend itself already yesterday as

the AFR published an article stating that Slater and Gordon’s

accounting practices were subject of an ASIC examination.

The company stated these contentions were incorrect and

misleading.

The investigation into Quindell’s shares will cause more

headwind for the recently embattled lawyer firm.

Read the full story here: https://www.wise-

owl.com/news/slater-and-gordon-shares-fall-amid-quindell-investigation

LATEST UPDATE FROM WISE-OWL

Sonic Healthcare Ltd (SHL) & Thinksmart Ltd (TSM)

CODE COMPANY ANNOUNCEMENT

Sonic Healthcare Ltd (SHL) - Hold and Raise Stop to $19.30

SHL is trading near all-time highs and is currently 26.5% (including

dividends, excluding franking) in profit since our buy

recommendation on 4th September 2014. Given the large increase

we believe it is appropriate to raise the stop to $19.30 which locks

in ~12.5% gains.

Thinksmart Ltd (TSM) - Sell

Wise-owl initially recommended to buy Thibnksmart Ltd (TSM) on

14th February 2014 and it has exceeded our initial investment

horizon. Last year’s cancellation of capital return and recent

leadership changes have clouded the outlook whilst conditions

within the micro finance have deteriorated. We recommend to sell

and close this position.

ASX:SHL

Wise-owl Updates

ASX:TSM

A WISE-OWL PUBLICATION

Presented by Simon Herrmann

DATE CODE COMPANY ANNOUNCEMENT

Wise-owl.com

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DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER

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