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Stock review for the week : Orica (ORI)
2007-09-16 21:04:00
Orica (ORI) - $28.20 on 16/9/07 Rating : Long Term Buy (Target $40)----------------Saw an article over the weekend talking about the recent pull back in Orica's share price. I have been watching this stock for a while and I think it is the best in sector pick. I own DXL (Dyno Nobel) and wish I had bought Orica instead. I think it will be a $32 stock by year end (the recent rejected takeover price) and $40 by the end of the financial year (Jul 08).Here are some key positives:- Alot of growth oppotunities, espically in China. Mr Liebelt (CEO) told ABC's Inside Business program that Orica had a number of businesses operating in China at present and expected them to grow.- In April, Orica rejected a $32 per share cash offer from a private equity consortium. Orica said the bid significantly undervalued the company and its growth prospects. "We said at the time that the board had been through a thorough process of reviewing the value of the company and in its view the $32 underestimat...
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Current Tax Rates and Schedules in Australia
2007-09-13 23:43:00
Finally found a good summary Income tax table. Australia has a progressive tax system. Here are the rates :Taxable income threshold -------- 2007/2008 Marginal tax rate*$0 - $6,000 ------- 0%$6,001 - $30,000 ------- 15%$30,001 - $75,000 ------- 30%$75,001 - $150,000 ------- 40%$150,001 + ------- 45%*In addition to these tax rates, the Medicare Levy (up to 1.5%) and Medicare Levy Surcharge (1%) may apply. Tax rates current as at July 2007 See my other posts for superannuation and maximising tax investments.Andy.
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What is Superannuation? Why is it effective
2007-09-13 23:40:00
My parents are 8-10 years away from retirement and live in Sydney, Australia. We started discussing superannuation which led me to doing some research about superannuation in Australia. What is Super?Super is a long term savings plan that you undertake throughout the course of your working life to ensure you can live comfortably in retirement. Most Australian employees receive an amount of 9% of their salary, called the ‘superannuation guarantee’ which is contributed to a super fund by their employer. Whilst you are working, your super savings grow because money is paid into your super account regularly, which can be invested through your super fund Basically if you earn more than $30,000 (which most Aussies do) then it is a great investment. The 2 main reasons are :1. It is very tax effective. The best thing about super is the fact that Australians get loads of tax benefits and government incentives for contributing to super. The tax you pay on money entering your super accoun...
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