Caulfield r8 n11, Royal Discretion 1 unit e/w
Not much luck last week behind the inform Stanzout when it blew the start. Good wet tracker with top jockey Luke Nolen on board. Live chance at big odds (currently $21)in a very open race.
Fast finishing 4th
Friday, August 27, 2010
RBC Q3 2010 Earnings
• BMO cuts price target to C$53 from C$63; rating outperform• CIBC cuts price target to C$56 from C$62; rating sector performer • KBW cuts price target by C$2 to C$58; rating outperform• Macquarie cuts target price to C$56 from C$60; rating neutral• UBS cuts price target to C$66 from C$68; rating buy__________________________________________________________ Scotia Capital, 27 August 2010Event•
National Bank Q3 2010 Earnings
• BMO raises target price to C$71 from C$70; rating outperform• Canaccord Genuity raises price target to C$69 from C$68• Credit Suisse raises target price to C$69 from C$68• Macquarie cuts price to C$67 from C$68; rating neutral• RBC raises price target to C$74 from C$71; rating sector perform.__________________________________________________________ Scotia Capital, 27 August 2010Event• NA
Canadian Banks Confident Ahead of New Basel Rules
Thomson Reuters, 27 August 2010Canada's banks appear set to handily absorb stiffer global capital and liquidity rules being developed by the Basel banking committee, meaning they could soon begin raising dividends and making acquisitions.While the new regulations won't be released until November, the CEOs of Canada's big six banks have begun speaking more confidently about their ability to adopt
Thursday, August 26, 2010
CIBC Q3 2010 Earnings
Scotia Capital, 26 August 2010Event• CIBC (CM) reported an increase in cash operating earnings of 22% YOY to $1.66 per share beating expectations due to surprisingly strong trading revenue/wholesale earnings and slightly higher security gains. Operating ROE was 21.5% with RRWA of 2.39%.Implications• Wholesale Banking operating earnings declined 33% YOY to $123 million, but remained surprisingly
Wednesday, August 25, 2010
Golf - Barclays Championship
Course is expected to suit the long hitters and may play soft the opening two days suiting them even more. Greens are quite tricky so need to be in decent putting touch.
JB Holmes - 1 unit to win @ $91 (Sportsbet)
Near enough to the longest hitter on Tour and is in very good form of late. A 3rd round 77 in the PGA cost him basically a top 5 finish in that event and of his four starts prior, finished in the top 20 three times (including a T14th in the British Open). Has missed just one cut for the year so there are absoloutly no doubts on his consistency.
Aaron Baddeley - 0.6 units to win @ $280 (Betfair)
More on course suitability than form here. Hits the ball long and high and is a very good putter. Badds's main problem has been his accuracy off the tee and he may not get punished as much as he usually does on this course. Showing signs of getting back to his best on his two most recent events (although they were pitch and putt tourny's !!!) shooting 9 and 11 under respectively. Could be a bolter.
Steve Elkington - 0.6 units to win @ $190 (Betfair)
In excellent form and has been knocking the pins out. Putting was once somewhat of a weakness but he seems to have turned it into a bit of a strength lately. Not a long hitter by any means but not overly short either. His superior iron play may make up for shortcomings in that area. I'm happy to stick with him at the big price again.
Paul Casey - 2 units leading Euro @ $6.00 avge price (Betfair)
Clear top Euro rater on my figures and was almost tempted to back him to win but the price isn't great. Long hitter and excellent putter playing very well at the moment. If I had a query its that his GIR stats aren't maybe as good as they should be. However against that, there are doubts on a lot of the other Euros (putting might sort Rory out here for instance) that I am happy to back Casey.
No joy here.
JB Holmes - 1 unit to win @ $91 (Sportsbet)
Near enough to the longest hitter on Tour and is in very good form of late. A 3rd round 77 in the PGA cost him basically a top 5 finish in that event and of his four starts prior, finished in the top 20 three times (including a T14th in the British Open). Has missed just one cut for the year so there are absoloutly no doubts on his consistency.
Aaron Baddeley - 0.6 units to win @ $280 (Betfair)
More on course suitability than form here. Hits the ball long and high and is a very good putter. Badds's main problem has been his accuracy off the tee and he may not get punished as much as he usually does on this course. Showing signs of getting back to his best on his two most recent events (although they were pitch and putt tourny's !!!) shooting 9 and 11 under respectively. Could be a bolter.
Steve Elkington - 0.6 units to win @ $190 (Betfair)
In excellent form and has been knocking the pins out. Putting was once somewhat of a weakness but he seems to have turned it into a bit of a strength lately. Not a long hitter by any means but not overly short either. His superior iron play may make up for shortcomings in that area. I'm happy to stick with him at the big price again.
Paul Casey - 2 units leading Euro @ $6.00 avge price (Betfair)
Clear top Euro rater on my figures and was almost tempted to back him to win but the price isn't great. Long hitter and excellent putter playing very well at the moment. If I had a query its that his GIR stats aren't maybe as good as they should be. However against that, there are doubts on a lot of the other Euros (putting might sort Rory out here for instance) that I am happy to back Casey.
No joy here.
BMO Q3 2010 Earnings
Scotia Capital, 25 August 2010Event• BMO cash operating EPS increased 9% to $1.14, below our estimate of $1.20 and consensus of $1.21. Earnings were lower-than-expected due to extremely weak trading revenue and lower security gains, partially offset by lower than expected LLPs. Operating ROE was 13.9%.Implications• Positives for the quarter were credit and strong operating results in core