UK shares up on light trading

ASX Futures down 22 points

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The S&P 500 Index fell 0.3 percent to 2,161.20 at 4 p.m. in New York,

weighed down by technology and consumer-staples shares, while

lackluster growth in manufacturing activity did little to boost optimism

on the economy.

A report overnight showed manufacturing expanded at a modest pace

in September after unexpectedly shrinking a month earlier,

underscoring limited progress for the battered sector. Data on factory

orders and September payrolls are due later this week.

The FTSE 100 rose 1.2 percent to 6,983.52 at the close, just 1.7

percent away from a record reached in April 2015. It fell 0.3 percent on

Friday, trimming its fourth straight monthly gain.

The Stoxx Europe 600 Index gained 0.1 percent, after rising as much

as 0.3 percent and falling that amount. With the German market closed

for a holiday, trading of shares on the gauge was about a fifth lower

than the 30-day average.

S&P 500 Falls; UK Shares Rise amid Light Trading in Europe

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P 500 -0.33%

Dow Jones -0.30%

NASDAQ -0.21%

STOXX 600 +0.09%

FTSE 100 +1.22%

DAX30 +0.00%

Crude Oil +0.87%

Gold -0.21%

The ASX fell on Friday weighed down by the big banks while Energy

shares continued to rise. The market concluded a volatile month with a

flat week and essentially finished where it began. Last week the world’s

largest miner BHP Billiton (BHP) reached a 10-month high.

Despite dipping as low as 5,200 points earlier in the month the

S&P/ASX 200 index rose a mere 3 points in September to finish little

changed. The benchmark index finished the month at 5,436 points.

Yesterday the local share market rose 0.8 per cent in a light trading

session amid the Labor Day public holiday in NSW, QLD and SA.

The financials sector fell 1 per cent in September led down by the

banks as negative sentiment encouraged selling. It appears that

investors are concerned about the future of Deutsche Bank as reported

in various media outlets.

Chinese factory activity expanded marginally in September. The

Caixin/Markit Manufacturing Purchasing Managers' index (PMI) rose to

50.1, in line with analysts' forecasts. The 50 mark separates expansion

of activity from contraction on a monthly basis.

ASX Little Changed in September; Banks Fall, Energy Up

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX 200 +0.78%

ALL ORDS +0.72%

CBA +1.52%

BHP +1.65%

ANZ +1.12%

TLS +0.39%

DDR +0.43%

MND +0.11%

HVN +2.12%

DAILY PRICE ACTIVITY AUSTRALIA

ASX200 price action yesterday

UPCOMING DIVIDENDS

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

Tasty dividends & distributions

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

AAA BetaShares Australian High Interest

Cash ETF

04 Oct 2016 19 Oct 2016 0.00 0.00

CAM Clime Capital 04 Oct 2016 21 Oct 2016 1.20 100.00

DNA Donaco International 04 Oct 2016 19 Oct 2016 1.00 0.00

HVST Betashares Australian Dividend

Harvester Fund

04 Oct 2016 19 Oct 2016 0.00 0.00

MYO MYOB Group 04 Oct 2016 20 Oct 2016 5.50 0.00

NCK Nick Scali 04 Oct 2016 26 Oct 2016 17.00 100.00

UMAX Beta S&P500 YieldMax 04 Oct 2016 19 Oct 2016 0.00 0.00

VACF Vanguard Australian Corporate

Fixed Interest Index ETF

04 Oct 2016 19 Oct 2016 33.79 0.00

VAE Vanguard FTSE Asia Ex Japan

Shares Index ETF

04 Oct 2016 19 Oct 2016 67.52 0.00

VAF Vanguard Australian Fixed Interest

Index ETF

04 Oct 2016 19 Oct 2016 38.93 0.00

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

NEA.asx - steaming hot CMW.asx - cooling down

Nearmap has gained 59 per cent year-to-date.

Revenue increased 20 per cent to $31.3 million

while the net loss amounted to $7.1 million.

Nearmap sells high resolution aerial photomaps

to businesses under a Software as a Service

(SaaS) model. Nearmap is experiencing growth

in Australia and builds a foundation in the U.S.

to expand its market shares.

The value of Cromwell Property Group (CMW)

has declined 10.5 per cent since the beginning

of the year, significantly underperforming the

broader market. The stock was trading at a

significant premium to the Net Tangible Assets

which are currently $0.82 and is now

experiencing a ‘correction’. The technical

uptrend was broken as shares are heading

lower.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY

Chinese market closed for

holiday

Australian housing data

expected to show a decline

in building approval

The Reserve Bank of

Australia will announce the

monthly interest rate

decision this afternoon. The

market does not expect a

rate cut.

LATEST UPDATE FROM WISE-OWL

Gold Road Resources (GOR)

CODE COMPANY ANNOUNCEMENTGrowth Portfolio Update: Gold Road Resources (GOR)

Wise-owl issued a 'speculative buy' recommendation for Gold Road Resources

(GOR) on 11 February 2016 at $0.43. GOR was last traded at $0.64 and this

position is currently ~49 per cent in profit. GOR is part of our 'Growth Portfolio'

and we recommend to 'hold'.

Gold Road announced today that early works at the Gruyere Gold Project are

expected to commence in December 2016 following the grant of key licenses.

Funding for the early works is in place and negotiations for a 600 person

accommodation village is progressing. Earlier this year Gold Road completed a

$74 million capital raising of which $18 million will be used to commence

construction.

On 1st September Gold Road announced that a 100,000 ounce gold forward

sale facility was established with the Commonwealth Bank of Australia at

A$1,791 per ounce.

With the company progressing towards construction of Gruyere and Feasibility

Study on track for completion in December 2016 quarter we expect takeover

interest to build up and maintain our 'hold' recommendation.

ASX:GOR

LATEST UPDATE FROM WISE-OWL

Cradle Resources Ltd (CXX)

CODE COMPANY ANNOUNCEMENTGrowth Portfolio: Cradle Resources Ltd (CXX)

Cradle Resources Ltd ("Cradle", "the Company") is an Australian minerals

company with operations in Tanzania. Its primary asset is a 50% interest in

the Panda Hill Niobium Project ("Panda Hill"), 680km west of Dar es Salaam.

Cradle has delineated Mineral Resources of 178Mt at 0.50% Nb2O5,

classified as Measured, Indicated and Inferred. A Definitive Feasibility Study

("DFS") into a 1.3Mtpa operation completed in April 2016, estimated capex of

US$196million and post tax Net Present Value ("NPV") of US$400million.

Cradle offers speculative exposure to the niobium mining industry. We are

attracted to the Company's management team, and Panda Hill's status as

the world's most advanced undeveloped niobium deposit. Overcoming entry

barriers imposed by existing producers in the niobium market is the primary

risk. However with the Company trading at a substantial discount to its NPV

share and delivery of the offtake partnerships and project financing

representing major catalysts, we initiate coverage on Cradle as a

'speculative buy'.

Spec Buy | Price $0.25 | Target $0.58 | Stop $0.14 | Outlook 12m+

Click here to view full report

ASX:CXX

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

A WISE-OWL PUBLICATION

Presented by Simon Herrmann

DATE CODE COMPANY ANNOUNCEMENT

Wise-owl.com

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