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ASX Market Report

Equities/
Fixed Interest
Close Points
Changed
%
Change
Currency Close Points
Changed
%
Change
All Ordinaries 5373 61 1.14 $A vs $US 0.8787 0.0019 0.21
S&P/ASX 200 5386 61 1.14 $A vs GBP 0.5450 0.0010 0.17
  $A vs YEN 94.01 0.21 0.22
  $A vs EUR 0.6905 0.0010 0.14
  $A vs $NZ 1.1017 0.0020 0.18
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ASX Code Company Name Impact Recommendation
BHP BHP Billiton Limited (BHP)
RIO Rio Tinto Limited (RIO)

Wednesday 22 October - The Australian Market experienced a seven-day rally on the back of a positive lead from Wall Street and Europe overnight. Shares traded well above the flat-line throughout the day, buoyed by the big banks. All sectors performed positively today while energy and materials gained most significantly. The Australian dollar appreciated against most major currencies.

The All Ordinaries rose 60.80 points (1.14%) to 5,373.30 while the S&P/ASX 200 added 60.90 points (1.14%) to 5,385.90.

BHP Billiton (BHP)

BHP Billiton provided its operational review for the quarter ended 30 September 2014, reporting that group production increased by 9% during the period with records achieved for eight operations and four commodities. Production guidance remains unchanged and the group is on track to deliver production growth of 16% over the two years to the end of the 2015 financial year. Metallurgical coal production increased by 25% to 13Mt during the quarter, as Queensland Coal achieved record quarterly production and sales volumes. Western Australia Iron Ore production increased by 15% to a quarterly record of 62Mt (100% basis) as the ramp-up of Jimblebar continued ahead of schedule. Petroleum production increased by 7% to 67.4MMboe as Onshore US liquids volumes rose by 49% to a record 11.5MMboe. BHP added 52 cents (1.54%) to $34.27.

G8 Education (GEM)

G8 Education announced that it has contracts in place that give it the right to acquire 20 childcare and education centres from a number of different vendors. The company has contractual arrangements with each of the vendors, conditional upon customary licensing and landlord approvals. Subject to these conditions being satisfied the acquisitions are expected to settle before the end of February 2015. 17 of the 20 centres are being acquired for a purchase price of $24.35m which is payable at settlement, with a further payment of $1.3m conditional upon a centre based EBIT target being achieved in the 12 months post settlement. The purchase price represents 3.98 times anticipated EBIT for the 12 months post settlement. The 17 centres include 1,134 licenced places. GEM remained flat at $5.14.

At the time of publication, the Nikkei was quoted at 15,175.61. The NZX closed at 5,279.70 up 46.58 (0.89%).

The Australian dollar was last quoted at 87.87 US cents.

Companies Holding Annual General Meeting (ASX 300):

Origin Energy Limited

Super Retail Group Limited

Companies commencing Ex-Dividend Trading Today (ASX 300):

Ridley Corporation Limited

© Copyright Morningstar Australasia Pty Ltd 2014 ABN 95 090 665 544 (Morningstar), AFSL 240892. (a subsidiary of Morningstar, Inc.). This information is to be used for personal, non-commercial purposes only. No reproduction is permitted without the prior written consent of Morningstar. Some of the material provided is published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO").

DISCLAIMER: To the extent that any of the content above constitutes advice, it is general advice that has been prepared without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain appropriate financial, legal and taxation advice before making any financial investment decision. If applicable, investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg or phone Morningstar on 1800 03 44 55 to request a copy. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for any use or distribution of any of this information.

DISCLAIMER: Employees may have an interest in the securities discussed in this report.

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