292 Payneham Road, Payneham SA 5070

(08) 8362 0060

(08) 8362 0061

info@owlfinancial.com.au

Autumn 2017

Autumn 2017

Autumn has arrived after a flurry of economic data on the home front during February. The company reporting season for the six months to December was extremely positive overall, confirming that corporate Australia is in good shape.

CommSec’s survey of results from the ASX top 200 companies showed 94 per cent recorded a profit in the December half, with total profits up 130 per cent on the previous corresponding period (up 37 per cent excluding BHP). Earnings per share rose 19 per cent, cash levels were up 11 per cent and dividends were up 6 per cent. The strong performance was due to booming home construction and higher commodity prices, especially for iron ore, which is up 80 per cent over the past year to around US$90 a tonne.

One area of concern is the low level of business investment. The latest figures from the Australian Bureau of Statistics show new spending on buildings and equipment fell 2.1 per cent in the December quarter, down 15.5 per cent over the year. While the Aussie dollar has fallen from record highs during the mining boom, Reserve Bank governor Philip Lowe told the House of Representatives Standing Committee on Economics “it would be better if it was lower still” to support the rebalancing of the economy. The dollar is currently trading at around US76c.

If you would like to discuss your retirement income needs, don’t hesitate to call on 08 83620060 to discuss this article. 

Owl Financial Management is an Adelaide Based Financial Planner.

Read more from our Autumn 2017 Newsletter here:

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Financial Advisor Adelaide

We are an award winning practice that has been providing financial advice to South Australians since 1969. We really enjoy getting to know our clients and building a relationship with them that lasts over many years. We have a diverse range of clients from mum and dad to AFL players to ASX CEOs. All of which have a diverse range of financial advice needs and very different relationships to maintain. Our clients describe a 'breath of fresh air', personable, expert and people with high integrity. Clients have also mentioned that they are not treated as a number and the advice is specific to them. Working with clients for clients.

Financial Planner Adelaide

The one most rewarding thing about being a financial planner in Adelaide is when you have been working collaboratively with a client in developing and building their goals and objectives and the come to fruition. This give both the clients and myself a real sense of achievement and to use the famous quote 'are we there yet?' and together we can say YES! There has never been a better time to look towards what you want to achieve and start a financial plan so you can get there too.

Financial Planning Adelaide

A person's financial story is like a jigsaw puzzle... "lots of pieces needing to be put into their correct places". A financial adviser can assist a client to put the pieces in the right places by having a series of simple conversations about where a they are currently situated, where they want to be and what strategies can assist them. Every client has a different financial story and goals. Each jigsaw puzzle will always be different. A good financial adviser is experienced at putting together a wide range of jigsaw puzzles. Helping a client put their own puzzle together and seeing their satisfaction is a wonderful feeling.


Barry Phillis, Chris Scriva, Paul Cetrangolo and Owl Financial Management Pty Ltd are Authorised Representatives of GWM Adviser Services Limited Australian Financial Services Licensee Registered Office at 105-153 Miller Street North Sydney NSW 2060 and a member of the National Australia group of companies.

GENERAL ADVICE WARNING: The advice on this site may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial advice prior to acting on this information.

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