Trading Mentor Course for Traders and Investors

Published in the Narrabri Courier, October 2013

Recent investor activity in the housing market has pushed prices higher and led to a further decline in first home buyer participation in the market, according to recently released figures showing their share of loans dropping to 13.7per cent - way down on the long term average, around 20 per cent of the total. 

Another recent influence on city housing prices is the large interest from foreign buyers rising to 16 percent of new housing, up from 2.5per cent in early 2011.

That's a big increase and billions of dollars pushing up prices to what a few have described as overvalued. 

With city house prices out of reach for many, and the skewed tax breaks favouring investors over home owners, one way government could boost homeownership and inject life into regional and rural areas would be to divert government jobs into these areas, a win, win situation all around some would say.

Moko Social Media saw their shares add a huge 29 per cent gain in price yesterday on the back of an expansion of services to US colleges and the start of seeking a listing on the technology heavy NASDAQ index in the US where most of the company's business is conducted.

Those overseas takeover offers keep coming with Canadian dairy company Saputo making a higher offer than the Australian dairy company Bega Cheese for the assets of Warnambool Cheese and Butter with a $7 per share offer currently on the table and at the lower end of the valuation range determined by KPMG corporate finance. 

With Bega holding a sizable stake, close to 18 per cent, and Murray Goulburn also a substantial shareholder, punters are looking for higher offers to come with the shares closing at $7.23 yesterday while Warnambool chief David Lord is talking up Saputo's cash offer.

In a statement released to the Australian Stock Exchange yesterday Whitehaven Coal Limited announced an application for additional securities in the form of 2.4 million performance share rights with vesting subject to specific shareholder returns being met. 

The issue is to be voted on at the Annual General Meeting scheduled for November 4, 2013. 

In recent reports CEO Paul Flynn has said that as the approval of the Maules Creek project had been delayed the ANZ Bank led loan facility required some realignment with changing circumstances and was confident the banks would be receptive to that.

Aspiring share traders and investors can take a look at how one of the leading trading educators goes about teaching others with Dale Gillham the author of How to Beat the Managed Funds by 20% offering a comprehensive introductory course called Trading Mentor. 

Well worth a look and you get to do homework as well - that's education for you.