George Beyrouthi’s editorial: 10/10/2014

Price trends and Patterns in technical analysis (part 9)

I wrote before: ….. Technical analysis is an art rather than a science. Yours truly has graduated earlier in life in an engineering discipline and is fully aware that science may produce precise predictions. …..Technical analysis does not. …… This is where soft computing (distinct from hard computing) comes into the fore. I will cover in the next few editorials how soft computing is now used in trading.

Types of Soft computing (Bruce Vanstone and Tobias Hahn):

Expert Systems (I covered it on Thursday)

Case based reasoning

Genetic Algorithms

Swarm intelligence

Artificial neural networks

Soft computing classifications:

Time series

Pattern recognition and classification

Optimisation

Hybrid

I intend to cover these topics in details in my next few editorials

CASE BASED REASONING: This is also an implementation of conventional Artificial Intelligence. They also attempt to separate the storage of knowledge and the application of logic. It attmpts to solve problems based on solutions to similar past problems (cases). A typical case consists of a problem, its solution, and some supporting information. There are four steps: 1) retrieve relevant cases from the storage. 2) attempt to map the solution from the previous case to the new problem. 3) Test the solution and 4) store the new case. The major differences between expert systems and Case based reasoning is the process of attempting to generalise commonalities between the stored cases and the target problem.

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DATA summary

DOW 16,659.25 (328.19) -1.97% If you wish to receive our reports on a daily basis, please visit our website at www.fssecurities.com.au and subscribe. It is important to recognise that not every ––recommendation will suit everyone. You need to determine what your risk appetite is before you trade. Do you need a hand? Please call us. We have a lot of material in our daily report. You will find:

- Overnight summary

- Review on Gold, Silver and Crude markets

- Our recommendations cover:

o US market

o Commodities

o FX

o ASX Equities

- We do a full analysis on one stock (our pick)

- Stats showing the % change over two weeks

- Upcoming Dividends

- A lot more

Our predictions? What I predicted (at end January 2014):

- XJO (ASX 200) has about 200 points further to

go (up) in January the XJO was 5190

Next 3 months (at end May 2014)

- XJO (ASX 200) Resistance around 5600 (+100),

Support around 5100 (-300)

- Gold to trade between 1250 and 1350 US/Oz (no

change from prediction in Jan 2014)

- The Australian dollar to remain weak and hover

around the 88 to 93 US cents (no change)

Next 3 months (at end July 2014)

- XJO (ASX 200) Resistance around 5750 (+100),

Support around 5350 (-300)

- Gold to trade between 1250 and 1350 US/Oz

- The Australian dollar to remain 88 to 95 US

cents

S&P500 1,928.21 (39.91) -2.07%

NASDAQ 4,378.34 (88.44) -2.02%

E-STOXX 50 3,042.45 (10.95) -0.36%

FTSE 100 6,431.85 (50.17) -0.78%

DAX 9,005.02 9.91 0.11%

NIKKEI 225 15,478.93 (116.09) -0.75%

HANG SENG 23,534.53 275.35 1.17%

SHANGHAI 2,481.96 3.47 0.14%

GOLD (US$/oz) 1,224.10 (0.23) -0.02%

SILVER (US$/oz) 17.37 0.31 1.79%

COPPER (USc/lb.) 302.90 2.55 0.85%

CRUDE (US$/brl) 84.41 (2.90) -3.32%

WHEAT (US/bu.) 493.25 (14.50) -2.86%

SOYBEAN (US/bu.) 942.00 7.75 0.61%

COCOA (US/mt) 344.75 19.00 0.63%

CORN (USd/bu.) 3,057.00 1.50 0.44%

COTTON (USd/lb.) 63.94 (0.95) -1.46%

COFFEE 'C'(USd/lb.) 221.65 7.20 3.36%

FCOJ-A (USd/lb.) 143.20 - 0.00%

LIVE CATTLE(d/lb) 165.93 (2.13) -1.26%

AUD-USD 0.8780 (0.0003) 0.67%

EUR-USD 1.2691 (0.0100) -1.10%

USD-JPY 107.8300 (0.0100) -1.10%

GBP-USD 1.6118 0.0001 -0.59%

AUD-EUR 0.6918 0.012 1.79%

Offshore Markets & Businesses Overnight and from around the globe we start with Wall Street where US stocks closed sharply lower on the back of lingering concern about the strength of the global economy and its effect of the US earning season. The S&P 500 dropped 2.1% to 1,928 after rallying 1.7% the day before. It is the worst decline since April. The Dow Jones Industrial Average sank 328 points, or 2% to 16,659. That cuts its gain this year to 0.5%.

European major markets continued to slide and was down another 0.4% at 3042. In London, the FT100 was down 0.8% at 6431. In Japan, the Nikkei was down 0.75 % at 1581. In China, the Shanghai index was up 0.14% at 2481. On the commodities; Gold a short time ago was trading at $1224 US/Oz that is a rise of $4 from this time yesterday. Silver, closed this morning at $17.37 steady. Oil this morning closed at 84.41 US/barrel down $3, the lowest level for many months. Copper, the world’s economic barometer was at 303 c/lb. Iron ore, which is important for our miners such as BHP, RIO, Atlas Iron and Fortescue, fell 1.7% at $78.90 US /tonne On the currencies, Our dollar will give you 87.72 US cents, 94.55 Japanese yen, 69.14 Euro cents and 54.42 British pence. These are intro banks rates.

On our market yesterday, The benchmark ASX 200 Index rose 55.4 points, or 1.1% to 5297. This was on the back of gains in the financial and materials sectors and resulted in the Australian market outperforming the region. The market posted its largest rise in 2 months, after the US Federal Reserve minutes indicated a rise in US interest rates is unlikely in the near future.

The best performers amongst the leaders:: NCM up nearly 3% followed by WBC and ANZ over 1.7% up. The worst performers: WPL down 0.3% followed by BXB down 0.21%. On the economic news that can affect our market and those overseas: Australia housing finance for August, Speech by RBA official Malcolm Edey, assistant governor; Japan consumer confidence; US Federal Budget balance report, imports price index. Local shares are poised to open lower.. The SPI futures contract was down 52 points indicating a negative start when the market opens. Yahoo, Bloomberg, SMH, ninemsn and AFR

Global announcements Updated on Friday, October 10, 2014

FS Securities Picks On 02/10/2014 (updated):

Kathmandu Holdings Limited (KMD) $2.74

On 23/09/2014: TPG Telecom Limited (TPM) $6.80 On 18/09/2014 (updated):

AWE Limited (AWE) $1.90 – new gas fields have been

discoveried On 10/09/2014 (updated):

James Hardie Industries (JHX) $12.90 On 08/09/2014 (new): Retail Food Group Limited (RFG) $4.95 On 04/09/2014 (new): Australian Pharmaceutical Industries Limited (API) $0.70 On 03/09/2014 (updated): Flight Centre Travel Group Limited (FLT) $47.74- reported NPAT up 9.8% to $263.6m, revenues from ordinary activities were $2.2bn, up 12.6% On 26/08/2014 (updated):

Western Areas Limited (WSA) $ 4.72 On 18/08/2014 (updated): Oil Search Limited (OSH) $9.44 - Net profit up 34% to US$152.5 million On 13/08/2014 (new): Domino's Pizza Enterprises Limited (DMP) $23.78 – DMP announced a full-year net profit after tax result of $45.8 million, a 50.4 per cent rise on the prior year On 31/07/2014 (new): APA Group (APA) $7.48- APA will develop a new pipeline in the Goldfields region of Western Australia On 24/07/2014 (new):

Macquarie Group Limited (MQG) $60.00 - the bank’s 2015

financial year result will be in line with last year’s annual net profit of $1.27 billion. On 22/04/2014 (updated on 26/05/2014): CSR Limited (CSR) $3.40

FS Securities Trades On 08/10/2014: Telstra (TSl) $5.36 – Bull Spread (December) On 06/10/2014: National Australia Bank (NAB) $32.80 – Iron Condor strategy (October) On 03/10/2014: S&P/ASX 200: INDEX (XJO) $5,290 – Iron Condor strategy (October) On 01/10/2014: CSL Limited (CSL) $73.80 – Iron Condor strategy (October) On 30/09/2014: National Australia Bank Limited (NAB) $32.40 – Iron Condor strategy (October) On 29/09/2014: S&P/ASX 200: INDEX (XJO) $5,470 – Iron Condor strategy (October) – Rolled over Put Spread October (5250/5300) to November (5075/5150) On 29/09/2014: Rio Tinto limited (RIO) $59.40 – Iron Condor strategy (October) On 26/09/2014: Macquarie Group Limited (MQG) $58.00 – Iron Condor strategy (October)

Note: the shown picks are not necessarily trades that FS Securities are currently trading. They are offered as suggestions only. The above trades are trades that we may have undertaken for some of our clients. Please check with your broker first before trading.

The full report has now shifted to Our Trades and Our Picks Report for

subscribers!!!

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Indices and Commodities

GOLD: Gold prices capped the longest rally since June amid easing

concern that the Federal Reserve is close to raising interest rates, reviving demand for the metal as an inflation hedge.More than $1.2 billion has been added to the value of exchange-traded products backed by bullion this week as prices rebounded. The 30-day historical volatility for futures traded in New York climbed today to the highest in more than a month amid renewed investor interest.Gold on Oct. 6 reached the lowest price this year as signs of an improving American labor market spurred bets that the Fed was moving closer to increasing borrowing costs. Minutes released yesterday from the central bank’s September meeting showed policy makers identified slowing global growth and a stronger currency as potential risks to the U.S. outlook. Gold for immediate delivery increased 0.3 percent to $1,224.33 an ounce at 4:59 p.m. New York time. Earlier, the price reached $1,233.43, the highest since Sept. 23. The metal climbed for the fourth straight day, the longest rally since June 13.On the Comex in New York, gold futures for December delivery climbed 1.6 percent to settle at $1,225.30.

(Source: Bloomberg and CNBC)

SILVER: Silver for immediate delivery rose 1 percent to

$17.36 an ounce after falling as 0.7 percent. The contract for December delivery fell 1 percent to settle at $17.064 before the release of the minute.

(Source: Bloomberg.com)

CRUDE OIL: West Texas Intermediate oil tumbled into a bear market on concern rising global supplies will be more than enough to meet slowing demand. Brent crude slipped to the lowest level in 27 months.WTI joined Brent in falling more than 20 percent from this year’s June peak, meeting a common definition of a bear market. Shale oil is set to boost U.S. crude output to the most in more than three decades, while last month supplies from OPEC rose and Russian output neared a post-Soviet record. Saudi Arabia, the world’s biggest exporter, cut prices for November exports to Asia to the lowest since 2008. The IMF reduced its global growth forecast for this year and next.“The bear market is indicative of the global economic slowdown,” John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund that focuses on energy, said by phone. “The dynamic has changed. Commodities are all about supply and demand and both are negative at the moment.”(Source: bloomberg.com and Yahoo.com)

*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.

Advances, Declines and Volume

Analysts rating changes: Stocks to watch (source SMH) Argonaut Equity Research believes that most ASX gold companies should report improved numbers in the upcoming reporting season, featuring higher production numbers and lower costs. These companies include Northern Star, Saracen Mineral Holdings, Alacer Gold, Beadell Resources, OceanaGold, Regis Resources, Perseus Mining and Medusa Mining. RBC Capital Markets has maintained an “underperform, speculative risk” call on Energy Resources Australia and a price target of $1.10 a share. The following stocks will trade ex dividend today: CPT Global, TPG Telecom.

FS Securities recommendations for US market

Commodities and FX

ASX sectors and equities

FS Securities details stock picks

Ask for a copy if you would like to see the list.

ASX weekly market advances and declines

Average Advances over 30 days from 51.5% recently

to 47.1% (48% / 49.4 / 50.2 / 51.9 last 10 weeks)

Gainers and Most Active by volume

NOTES: ASX stocks show the daily changes. if shown in red, they indicate a fall

Best and worst performing stocks (source:smh.com) Last

Day before

Day before

Sectors Performance

By looking at the above table readers will notice where the direction of the market has been on the day.

Last from low: Blue = closed in the top half of the day’s range.

Net Change is the daily movement in points.

% Change represents the daily movement in %.aud

WEEK ON WEEK CHANGE (and over two weeks as well)

OVERSEAS INDICES, FX AND COMMODITIES

WEEK ON WEEK CHANGE (and over two weeks as well) AUSSIE MARKET

Mini charts - Commodities and US markets

THE GRAPHS SHOW HOW FROM AN INDEX OF 100 SOME 52 WEEKS AGO THE VARIOUS INDICES OR COMMODITIES HAVE MOVED.

Sectors

THE ABOVE GRAPHS SHOW HOW FROM AN INDEX OF 100 SOME 52 WEEKS AGO THE VARIOUS ASX SECTORS HAVE MOVED.

Major stocks

Upcoming Dividends by date

1 Ex Div Date Symbol Name

Franked %

Current Div

Amount

Div Rate Per

Share Div Yield

% Last Type

2 7/10/2014 WAM WAM CAPITAL LIMITED 100 0.065 0.13 6.468 2.01 Final 3 7/10/2014 GOW GOWING BROS LIMITED 100 0.06 0.12 4.167 2.88 Final

4 7/10/2014 MTU M2 GROUP LTD 100 0.145 0.26 3.355 7.75 Final 5 7/10/2014 PMV PREMIER INVESTMENTS LIMITED 100 0.2 0.4 4 10 Final 6 8/10/2014 ARP ARB CORPORATION LIMITED 100 0.16 0.29 2.276 12.74 Final 7 8/10/2014 ONT 1300 SMILES LIMITED 100 0.08 0.145 2.385 6.08 Final 8 8/10/2014 PGC PARAGON CARE LIMITED 100 0.008 0.013 3.731 0.335 Final 9 8/10/2014 BWF BLACKWALL PROPERTY FUNDS LIMITED 100 0.013 0.025 7.937 0.315 Final

10 8/10/2014 NWH NRW HOLDINGS LIMITED 100 0.05 0.09 10.651 0.845 Final 11 8/10/2014 AFV AURORA FUNDS LIMITED 100 0.01 0.01 1.613 0.62 Final 12 9/10/2014 OTI ORIENTAL TECHNOLOGIES INVESTMENT LIMITED 0 0.019 0 0 0.07 Interim 13 9/10/2014 UXC UXC LIMITED 100 0.03 0.038 4.032 0.93 Final 14 9/10/2014 ALF AUSTRALIAN LEADERS FUND LIMITED 100 0.06 0.12 7.251 1.655 Final 15 9/10/2014 ALR ABERDEEN LEADERS LIMITED 100 0.01 0.063 5.342 1.17 Interim 16 9/10/2014 TFC TFS CORPORATION LIMITED 100 0.03 0.06 3.306 1.815 Final 17 10/10/2014 TPM TPG TELECOM LIMITED 100 0.048 0.093 1.323 6.99 Final 18 10/10/2014 CGO CPT GLOBAL LIMITED 100 0.015 0.045 6.25 0.72 Final 19 13/10/2014 AMA AMA GROUP LIMITED 100 0.016 0.032 10 0.32 Final 20 13/10/2014 MFF MAGELLAN FLAGSHIP FUND LIMITED 0 0.01 0.02 1.316 1.52 Final 21 13/10/2014 VELCP VEALLS LIMITED 100 0.005 0.005 0.053 9.45 Final 22 13/10/2014 VELIN VEALLS LIMITED 100 0.053 0.106 6.625 1.6 Final 23 13/10/2014 WAA WAM ACTIVE LIMITED 100 0.048 0.096 7.033 1.365 Final 24 13/10/2014 WAX WAM RESEARCH LIMITED 100 0.038 0.075 6.356 1.18 Final 25 14/10/2014 SNC SANDON CAPITAL INVESTMENTS LIMITED 100 0.02 0 0 0.955 Interim 26 15/10/2014 NUF NUFARM LIMITED 0 0.05 0.08 1.587 5.04 Final 27 15/10/2014 NAM NAMOI COTTON CO-OPERATIVE LIMITED 0 0.005 0.005 1.351 0.37 Interim 28 15/10/2014 UOS UNITED OVERSEAS AUSTRALIA LIMITED 0 0.005 0.025 4.854 0.515 Interim

Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.[1]

When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business (called retained earnings), or it can be distributed to shareholders. There are two ways to distribute cash to shareholders: share repurchases or dividends.

[2][3] Many corporations retain a portion of their earnings and pay the remainder as a dividend.

Upcoming Dividends by %

1 Ex Div Date Symbol Name

Franked %

Current Div

Amount

Div Rate Per

Share

Div Yield % Last Type

2 29/10/2014 AVG AUSTRALIAN VINTAGE LTD 100 0.022 0.048 12.308 0.39 Final 3 12/11/2014 EAL E & A LIMITED 100 0.028 0.055 11.34 0.485 Final 4 7/11/2014 SHU SHENHUA INTERNATIONAL LIMITED 0 0.025 0.05 11.111 0.45 Final 5 8/10/2014 NWH NRW HOLDINGS LIMITED 100 0.05 0.09 10.651 0.845 Final 6 13/11/2014 GAP GALE PACIFIC LIMITED 0 0.014 0.027 10.6 0.25 Final 7 13/10/2014 AMA AMA GROUP LIMITED 100 0.016 0.032 10 0.32 Final 8 27/10/2014 CUP COUNTPLUS LIMITED 100 0.02 0.11 8.333 1.32 Interim 9 8/10/2014 BWF BLACKWALL PROPERTY FUNDS LIMITED 100 0.013 0.025 7.937 0.315 Final

10 9/10/2014 ALF AUSTRALIAN LEADERS FUND LIMITED 100 0.06 0.12 7.251 1.655 Final 11 13/10/2014 WAA WAM ACTIVE LIMITED 100 0.048 0.096 7.033 1.365 Final 12 13/10/2014 VELIN VEALLS LIMITED 100 0.053 0.106 6.625 1.6 Final 13 7/10/2014 WAM WAM CAPITAL LIMITED 100 0.065 0.13 6.468 2.01 Final 14 13/10/2014 WAX WAM RESEARCH LIMITED 100 0.038 0.075 6.356 1.18 Final 15 10/10/2014 CGO CPT GLOBAL LIMITED 100 0.015 0.045 6.25 0.72 Final 16 13/11/2014 TWD TAMAWOOD LIMITED 100 0.13 0.21 5.769 3.64 Final 17 10/11/2014 WAT WATERCO LIMITED 100 0.03 0.06 5.405 1.11 Final 18 20/11/2014 NCC NAOS EMERGING OPPORTUNITIES COMPANY LIMITED 100 0.03 0.058 5.374 1.07 Final 19 9/10/2014 ALR ABERDEEN LEADERS LIMITED 100 0.01 0.063 5.342 1.17 Interim 20 15/10/2014 UOS UNITED OVERSEAS AUSTRALIA LIMITED 0 0.005 0.025 4.854 0.515 Interim 21 23/10/2014 PPK PPK GROUP LIMITED 100 0.02 0.035 4.667 0.75 Final 22 31/10/2014 FFI FFI HOLDINGS LIMITED 100 0.075 0.175 4.487 3.9 Final 23 15/10/2014 CLX CTI LOGISTICS LIMITED 100 0.04 0.08 4.444 1.8 Final 24 12/11/2014 ZGL ZICOM GROUP LIMITED 0 0.005 0.009 4.39 0.205 Final 25 7/10/2014 GOW GOWING BROS LIMITED 100 0.06 0.12 4.167 2.88 Final 26 15/10/2014 KSC K & S CORPORATION LIMITED 100 0.03 0.06 4.11 1.46 Final 27 22/10/2014 RIC RIDLEY CORPORATION LIMITED 100 0.02 0.035 4.07 0.86 Final 28 9/10/2014 UXC UXC LIMITED 100 0.03 0.038 4.032 0.93 Final

Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.[1]

When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business (called retained earnings), or it can be distributed to shareholders. There are two ways to distribute cash to shareholders: share repurchases or dividends.

[2][3] Many corporations retain a portion of their earnings and pay the remainder as a dividend.

Upcoming Dividends by alphabetical order

1 Ex Div Date Symbol Name

Franked %

Current Div

Amount

Div Rate Per

Share

Div Yield % Last Type

2 8/10/2014 ONT 1300 SMILES LIMITED 100 0.08 0.145 2.385 6.08 Final 3 9/10/2014 ALR ABERDEEN LEADERS LIMITED 100 0.01 0.063 5.342 1.17 Interim

4 5/11/2014 AAI ALCOA INC. 0 0.024 0.099 0.547 18 Interim

5 13/10/2014 AMA AMA GROUP LIMITED 100 0.016 0.032 10 0.32 Final 6 8/10/2014 ARP ARB CORPORATION LIMITED 100 0.16 0.29 2.276 12.74 Final 7 8/10/2014 AFV AURORA FUNDS LIMITED 100 0.01 0.01 1.613 0.62 Final 8 9/10/2014 ALF AUSTRALIAN LEADERS FUND LIMITED 100 0.06 0.12 7.251 1.655 Final 9 29/10/2014 AVG AUSTRALIAN VINTAGE LTD 100 0.022 0.048 12.308 0.39 Final

10 8/10/2014 BWF BLACKWALL PROPERTY FUNDS LIMITED 100 0.013 0.025 7.937 0.315 Final 11 3/11/2014 BKW BRICKWORKS LIMITED 100 0.28 0.42 3.156 13.31 Final 12 29/10/2014 CLV CLOVER CORPORATION LIMITED 100 0.005 0.01 2.778 0.36 Final 13 27/10/2014 CUP COUNTPLUS LIMITED 100 0.02 0.11 8.333 1.32 Interim

14 10/10/2014 CGO CPT GLOBAL LIMITED 100 0.015 0.045 6.25 0.72 Final 15 15/10/2014 CLX CTI LOGISTICS LIMITED 100 0.04 0.08 4.444 1.8 Final 16 12/11/2014 DGH DESANE GROUP HOLDINGS LIMITED 100 0.02 0.03 3.774 0.795 Final 17 12/11/2014 EAL E & A LIMITED 100 0.028 0.055 11.34 0.485 Final 18 31/10/2014 FFI FFI HOLDINGS LIMITED 100 0.075 0.175 4.487 3.9 Final 19 13/11/2014 GAP GALE PACIFIC LIMITED 0 0.014 0.027 10.6 0.25 Final 20 7/10/2014 GOW GOWING BROS LIMITED 100 0.06 0.12 4.167 2.88 Final 21 30/10/2014 HVN HARVEY NORMAN HOLDINGS LIMITED 100 0.08 0.14 3.9 3.59 Final 22 22/10/2014 ICS ICSGLOBAL LIMITED 0 0.001 0.002 3.261 0.046 Final 23 15/10/2014 KSC K & S CORPORATION LIMITED 100 0.03 0.06 4.11 1.46 Final 24 6/11/2014 KMD KATHMANDU HOLDINGS LIMITED 100 0.071 0.094 3.442 2.74 Final 25 7/10/2014 MTU M2 GROUP LTD 100 0.145 0.26 3.355 7.75 Final 26 13/10/2014 MFF MAGELLAN FLAGSHIP FUND LIMITED 0 0.01 0.02 1.316 1.52 Final 27 15/10/2014 NAM NAMOI COTTON CO-OPERATIVE LIMITED 0 0.005 0.005 1.351 0.37 Interim

28 20/11/2014 NCC NAOS EMERGING OPPORTUNITIES COMPANY LIMITED 100 0.03 0.058 5.374 1.07 Final

Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.[1] When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business (called retained earnings), or it can be distributed to shareholders. There are two ways to distribute cash to shareholders: share repurchases or dividends.[2][3] Many corporations retain a portion of their earnings and pay the remainder as a dividend. A dividend is allocated as a fixed amount per share. Therefore, a shareholder receives a dividend in proportion to their shareholding. For the joint stock company, paying dividends is not an expense; rather, it is the division of after tax profits among shareholders. Retained earnings (profits that have not been distributed as dividends) are shown in the shareholder equity section in the company's balance sheet - the same as its issued share capital. Public companies usually pay dividends on a fixed schedule, but may declare a dividend at any time, sometimes called a special dividend to distinguish it from the fixed schedule dividends. Dividends are usually paid in the form of cash and shares in the company (either newly created shares or existing shares bought in the market.) Further, many public companies offer dividend reinvestment plans, which automatically use the cash dividend to purchase additional shares for the shareholder. Source: From Wikipedia, the free encyclopaedia.

Real Estate, are you in or out?

Did you know that FS Securities can help you with any Real Estate needs? Why deal with us? Because we can help you provide a bridging loan at a reasonable rate and provide you which choices in properties across Australia for investment.

We learnt that in Sydney the property median price has escalated by 12% above the all-time high level. In Melbourne it has moved up by 8 to 9% above the all-time high. In Queensland the median price is still 7 or 8% below the all-time high. RP Data Rismark figures recently showed Sydney home prices rose 2.5 per cent last month and 5.2 per cent in the last quarter. Melbourne also rose 2.4 per cent in a month and 5 per cent in the quarter.

Please go to our website: for the full report and trading positions. For further information call us to discuss. (07) 5630 4141 OR 0411 259 526

Please see our disclaimer on back page.

GENERAL ADVICE DISCLAIMER this document has been prepared for the general information of investors and does not take into account the investment objectives, financial situation and particular needs of any particular person. Persons intending to act on information in this document should seek professional advice to confirm that the investments or strategies mentioned are appropriate in the light of their particular investment needs, objectives and financial circumstances prior to taking any action. Email transmission cannot be guaranteed to be secure or error free and there is a risk messages may be corrupted, intercepted or lost in transmission. Therefore we do not accept liability for any viruses, errors or omissions in the contents of this message or attachments which arise as a result of email transmission. Statements contained in this email are general only and do not take into account the particular needs, objectives, financial circumstances or investment preferences of any person. George Beyrouthi is an Authorised Representative (AR# 315 563) of FS Securities (QLD) Pty Ltd AFSL# 410 183.