Does the end of the AUS reporting season translate into some profit taking in September?

Good Morning,

Happy “hump-day”…

Yes, Wednesday as here and as we prepare ourselves for the official “last day” of the AUS reporting season, we sit down and have a big “sie” of relief…

13 hour days in the office…

Lots of coffee…

Enough paperwork to fill the Rio Olympic pool (ok.. maybe a little over-exaggerating)

It has been fun… but we’re now preparing ourselves for the next Peak Opportunity…

A certified and working medical device that helps to control and manage autism in kids

·         It already has revenues… tick

·         It has an exceptional board… tick

·         It already has an Italian distributor partner that as committed to > 8,000 units… tick; and

·         Valuations on listing will only be $10.5M Enterprise Value…. Tick…

So stay tuned……………….

Cfoam should be a great one for Peak clients and yesterday’s 3C Wireless update provided me with confidence that we will also do exceptionally well from our investment.

So we’re going well.

What happened last night?

US Stocks fell (Dow -48 points), as Apple slumped and oil fell (-1.49%).

The S&P 500 Index dropped from near a record as the iPhone maker was ordered to pay 13 billion euros ($14.5 billion) plus interest in a European Union tax crackdown.

US Consumer confidence increased to an almost one-year high in August as Americans became more optimistic about the labour market, according to a report from the New York-based Conference Board on Tuesday.

Fed fund futures indicate a 36 percent chance that the Federal Open Market Committee will raise rates next month, according to data compiled by Bloomberg. The probability dropped to zero in June after the U.K. voted to leave the EU.

In Oz, we are looking at Iselect (ISU) and RHC, which reported earnings that beat analyst expectations….

We see further upside in both stocks

The SPI is up 6 points this morning

Niv Dagan is an Executive Director of Melbourne based boutique funds management and corporate advisory firm, Peak Asset Management (www.peakassetmanagement.com.au). He is also a regular financial commentator on Sky Business