Daily FNArena News

Having sold Edna May, Evolution Mining has improved its debt position and portfolio quality, narrowing its focus to strong producing mines.

OZ Minerals offers leverage to copper prices with substantial reserves at Prominent Hill and Carrapateena. The main issue for brokers is the uncertainty of the power supply to Prominent Hill.

Michael Gable of Fairmont Equities suggests a breakout for G8 Education could take the stock back above $5.

The Australian government’s changes to health insurance centre on prostheses and addressing the decline in the insured 20-30-year olds. Overall, brokers are sceptical the reforms will be enough to make a dent in the trend.

Intellectual property firm Xenith IP provided weak FY18 guidance, flagging an underperforming transaction, and brokers sharply mark down expectations.

Marc Chandler’s “Political Economy of Tomorrow” offers an alternative view on capitalism that both refreshes and enlightens.

The main positive that brokers glean from Bank of Queensland’s FY17 results is the improved capital position and they speculate how the bank may divvy up the funds.

SMSF interest is growing in the latest incarnation of exchange-traded products — active ETFs.

IPH Ltd has acquired New Zealand’s AJ Park and brokers expect this can deliver revenue synergies as AJ Park patent cases are referred to its Asian network.

Kathleen Brooks of City Index notes that while the Vix remains low in the US, the CBOE Skew Index suggests elevated buying of out-of-the-money protection.