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need2know: RBA statement awaited

Local shares are poised to open higher as more data points to a strengthening of the US economy.
Nanjing Night Net

What you need2know:

• SPI futures up 27 at 5522

• AUD at 85.68 US cents, 98.53 Japanese yen, 69.17 Euro cents and 54.10 British pence

• In late trade, S&P 500 +0.2%, Dow +0.3%, Nasdaq +0.2%

• In Europe, Euro Stoxx 50 +0.3%, FTSE +0.2%, CAC +0.5%, DAX +0.7%

• Spot gold rises 0.3% to $US1143.88 an ounce

• Iron ore falls 1.4% to $US75.38 per metric tonne

• Brent oil slips 0.2% to $US82.81 per barrel

What’s on today

RBA Statement on Monetary Policy, Australian October Construction PCI, US October labour force report, US consumer credit, Germany September industrial production.

Stocks to watch

Credit Suisse has cut Origin Energy to ‘underperform’ and has a $13.50 target price, down from an earlier target price of $15.00.

UBS has a “neutral” rating on Commonwealth Bank of Australia and a target price of $80.“CBA announced unaudited Cash NPAT of ~$2.3bn in 1Q15 (to 30 Sept). This is slightly ahead of the numbers embedded in our 1H15 forecasts,” the investment bank said in a broker’s note.

The following stocks will trade ex dividend today: National Australia Bank, Australia and New Zealand Banking Group, Kingston Resources (rights issue), Austin Exploration (stock split).

Currencies

On the $A, Ray Attrill, global co-head of FX strategy at National Australia Bank, wrote: “For all the compelling fundamental reasons for the AUD fall, we can’t ignore the fact that the simple break below the recent low of around 0.8650 provided the cue for fresh bouts of selling, with almost a full cent taken off the currency following that.”

ECB chief Mario Draghi fended off complaints about his leadership style and firmed up a promise of €1 trillion to revive the struggling euro zone economy.

The rouble may have plunged 25 per cent against the US dollar so far this year, but some currency traders are betting on a further 10 per cent drop in 2015 on the grounds that the currency is still expensive once trade and inflation are factored in.

Commodities

Oil markets fell back after a one-day spike as worries about high supplies returned to haunt traders, while the dollar pressed on with its rally which weighed on commodities priced in the currency.

Aluminium advanced for the first time in three days after the latest jobless claims data bolstered positive sentiment on the US economy.

Orange-juice futures dropped 1.1 per cent extending a slump into a bear market as US demand ebbed and prospects improved for a bigger citrus crop in Florida, the world’s second-largest producer.

United States

US stocks are higher in afternoon trade in a volatile session on Thursday, with the Dow and S&P 500 hitting fresh records on an indication that the European Central Bank would take more policy action if needed to boost a struggling euro zone economy.

First-time jobless claims dropped 10,000 to a three-week low of 278,000 in the week ended November 1, the Labor Department reported. The median forecast of 50 economists surveyed by Bloomberg called for 285,000.

Labor Department figures on Friday morning in the US may show nonfarm payrolls rose 235,000 last month and that the jobless rate probably held at a six-year low.

Europe

Europe’s main stock markets ended higher after  ECB chief Mario Draghi signalled the central bank was readying further stimulus measures if needed to combat deflation and stagnation within the eurozone.

“The governing council has tasked ECB staff and the relevant Eurosystem committees with ensuring the timely preparation of further measures to be implemented, if needed,” Draghi told reporters.

Draghi’s comments followed a call by the OECD to overcome its reluctance and undertake quantitative easing given the very weak state of the eurozone economy and the risk of damaging deflation as inflation is running at just 0.4 per cent.

Qatar Investment Authority and a US investor have approached Canary Wharf-owner Songbird Estates about a possible takeover, a deal which would increase the sovereign wealth fund’s presence in London real estate.

What happened yesterday

Australian shares reversed early gains on Thursday as banks were sold down and miners sank, with Fortescue plunging dramatically after the iron ore price hit a five-year low.

The benchmark S&P/ASX 200 Index dropped 11.8 points, or 0.2 per cent, to 5506.1. The broader All Ordinaries Index dipped 13.6 points, or 0.2 per cent, to 5479.2.

This story Administrator ready to work first appeared on Nanjing Night Net.

Facing a wall of silence

Creditors are growing increasingly frustrated at a lack of answers following the liquidation of agricultural equipment company Cornish’s.Creditors are growing increasingly frustrated at a lack of answers following the liquidation of agricultural equipment company Cornish’s.
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In information supplied to Cornish’s creditors on October 31, the company owes more than $4 million to about 254 companies.

On September 8, W. Bill Cornish Pty Ltd sold their Narromine, Gilgandra, Gunnedah and Quirindi branches to Wideland Ag and Construction, before Cornish’s went into liquidation.

Shaw Gidley was appointed as liquidator on October 22 and PKF Lawler have been named as administrators.

However, creditors trying to uncover additional information have hit continual dead ends.

ITC National’s Director Peter Briggs, said he was not concerned about the money he was owed, but about the handling of the situation.

Mr Briggs said after contacting PKF Lawler he was told to contact Cornish’s director Doug Upcroft directly, however his number had been disconnected.

Mr Briggs was also given Jacqi Upcroft’s phone number but found it been disconnected as well.

“I can only hope there is a thorough investigation into the conduct of the directors of Cornish’s. To shut shop on a Friday (September 5) and the new owners commence business on the Monday (September 8) leaving only a PO box as a contact for the entire Cornish’s group stinks.”

He said he would like to find out what happened to the proceeds of the sale of Cornish’s.

Gason Sales and Marketing manager for agriculture Peter Piddington said he was also failing to find answers.

“I made a number of phone calls and left messages and I’ve had no calls returned,” he said.

“It’s disappointing to see an old established business go out of business. We’ve been dealing with them for 30, 40 years. It’s very disappointing when these things happen.

“The way it has all worked out is disappointing,” Mr Piddington said.

A meeting of creditors is expected to be held with Shaw Gidley on November 12.

Shaw Gidley and PKF Lawler were both contacted for comment but did not respond.

Wideland Ag and Construction did not wish to comment and Mr Upcroft could not be reached for his response.

This story Administrator ready to work first appeared on Nanjing Night Net.

GALLERY: The week that was in the central west

GALLERY: The week that was in the central west PARKES: The NRMA’s partnership will see direct support for two of the Festival’s major precincts: The NRMA Cooke Park Main Stage in the popular Cooke Park precinct and The NRMA Festival Boulevard.
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ORANGE: Her flair for jazz may have served her well during The Voice, but at Molong Central School yesterday, Holly Tapp’s pop and folk talents attracted the students’ attention.

FORBES: The dry finish hasn’t been kind to Forbes farmers but results from a local crop competition show that wheat and barley yields are holding up well considering.

COWRA: Canowindra have made their way to the top of SportsPower Cup table after a remarkable victory at Henry Lawson Oval against Grenfell on Saturday afternoon.

ORANGE: Owner of Pete’s Car Wash Peter Mueller with some of Orange’s veterans Barry Bettles, Allan Bennett, Ben Cook and Lindsay Wright who will be eligible for a free car wash on Remembrance Day. Photo: JUDE KEOGH

PARKES: Trainer Ricky Watt and his good looking chestnut gelding Tyson’s Tiger prevented a clean sweep by local stables at the Dubbo TAB meeting on Saturday.

GRENFELL: Lisa Schaefer, owner and creator, of Lisa Schaefer Millinery was thrilled to receive confirmation last week that her designs had been short listed in the very exclusive category of “Invitation Only” in the Crown Oaks Day, Myer Fashions on the Field, Millinery Awards.

BLAYNEY: A few months back fire badly damaged the facade and awning on the Oliver building in Adelaide Street and since then Council has been working closely with the owner to repair what is now a very unsightly building.

ORANGE: Jockeys (front) Brooke Timmis, Tiffany Jefferies, Cat Markwort and Rachel Hunt and at back, Kacie Chater, Eleanor Webster-Hawes and Ashleigh Borg made up the all female line up at the Orange Melbourne Cup races. Photo: STEVE GOSCH. 1104sgjockey1

FORBES: The enthusiasm was visible yesterday when kids took to the soccer field to be coached by former Matildas star and potential 2015 Women’s World Cup player Renee Rollason.

COWRA: Traditional Ukrainian folk dancers Melissa Rohozynsky, Katerina Kobryn amd Melania Berehovy performing a welcome dance during Saturday’s twin events at Europa Park.

CANOWINDRA: Kain Earsman cleaned up the awards at the Tigers’ presentation night including first grade’s Best and Fairest, Players’ player, the Josh Lynch Medal and the Club player of the Year.

ORANGE: Tori Moore, Kate Butcherine and Sophie Law had their money on Jeff Brasch’s horse Devil in a Dress when she ran round at Towac Park for the Melbourne Cup Day meeting. Photo: STEVE GOSCH 1102sgtowac

PARKES: Police and emergency services confer about the ‘plane crash’ and criminal activity at the Parkes Airport during the mock training exercise on Saturday. Some 65 personnel were involved in the special event. Photo: RENEE POWELL

BLAYNEY: CHAMPION Australian wheelchair racer Kurt Fearnley has prevailed in a dramatic finish to win his fifth New York marathon.

FORBES: The champagne was flowing and the women were dressed in their racing best at this year’s Forbes Toy Library’s Melbourne Cup Luncheon.

COWRA: The dangers to home renovators from asbestos removal is the theme of Asbestos Awareness Month for November.

ORANGE: Around 80 residents took to the streets on Friday night to protest against sexual violence and take part in the Reclaim the Night walk.

BATHURST: David McKibbon believes the erection of a dry stone wall on the O’Connell Road will one day cause a serious accident as it impedes motorists’ line of sight on that busy stretch of roadway on the outskirts of the village. Photo PHILL MURRAY 110514pwall

BATHURST: Bathurst Family History Group members Barry Konemann and Ron Murphy (left) and Bob Freeman (right) working on the damaged headstones at Bathurst cemetery with Bathurst Correctional Centre inmates George, Luke and Rene. Photo PHILL MURRAY 103114pgraves

MUDGEE: A Bedford MFR fire truck, circa 1970s, was named in honour of the late Joshua Pedley at Mudgee Motorfest on Saturday. Pictured are family members Phillip and William Pedley (right) with Mitchell Pedron, Mid-Western Regional Councillor Paul Cavalier and Alan Selman AFSM. PHOTO: COL BOYD

OBERON: Oberon Multi Purpose Service has installed a flagpole and raised an Aboriginal flag as part of the health district’s commitment to “Closing the Gap”.

OBERON: On Thursday last week students from Black Springs Public School travelled to the Bathurst Regional Art Gallery to see the Art Express exhibition.

OBERON: Oberon RSL Club held a best dressed competition on Melbourne Cup day. The winners were Kathy Robinson and Geoffrey Jones.

RYLSTONE: Diners were impressed by the food and the relaxed and enjoyable atmosphere at this year’s Rylstone StreetFeast.

BATHURST: Inland Building and Construction’s Jordan Price, Mackenzie Smith, Josh Pleming and Chris Yewdall putting the finishing touches on one of the outdoor play areas at Jenny’s Kindergarten and Learning Centre.

BATHURST: Amanda Griffin and Julia Sjollema got up close and personal with their catch of the day at Bathurst’s annual carp blitz. Photo ZENIO LAPKA. 110414zcarp8

BATHURST: Developer Lester Hewitt at the new Icely Estate near Eglinton as the pouring of the kerb and guttering enters its final stage. Photo BRIAN WOOD 102214lester

BATHURST: The Assumption School students dressed up for their Melbourne Cup celebrations. Photo CHRIS SEABROOK 110414cassumptn

BATHURST: Western Advocate readers sent in lots of photos of hail after a fierce storm on Wednesday afternoon. This photo was sent in by Tanya Willey.

LITHGOW: Mayor Maree Statham and niece Regan Scott get into the Halloween spirit.

MUDGEE: Trine Gay, Alex Reynolds, and Sue Jakins celebrated the Melbourne Cup in style.

MUDGEE: Vehicles of all makes and vintages came from afar for the annual Cudgegong Cruiser’s Motorfest at the Mudgee Showground on Saturday.

DUBBO: Virginia Carter plies the knitting needles to add poppies to a vast visual tribute to those who fought for their country – the tribute is called 5000 Poppies and will be created in Melbourne in 2015. Photo: BELINDA SOOLE

DUBBO: Dubbo turned out in style to celebrate the 2014 Melbourne Cup at the Dubbo Turf Club. Pictured are Kym Johnson, Kirsty Colliver, Alanna Lawes and Sue Walsh. Photo: BELINDA SOOLE

DUBBO: The Orana Rural Fire Service (RFS) are assisting Orana Local Area Command with the investigation of a blaze that stretched 164 hectares along the eastern edge of the Newell Highway on Tuesday morning.

DUBBO: Hannah Wright, Maddison Wallace, Paris Burns and Candace Brien after they finished their final HSC exam. Photo: BELINDA SOOLE

DUBBO: Broken Hill to Dubbo 24-hour Zoo2Zoo riders Matt Keele, Paul Schroder, James O’Reilly and Antony Bishop after achieving their goal with 20 minutes to spare. Photo: GREG KEEN

DUBBO: Tony Ryals at the site of a planned and now approved multi-dwelling housing and serviced apartments development with frontage to Cobbora Road at Dubbo.

DUBBO: Harley Palin with sons Sonny, 6 and Jasper, 3 at the Macquarie Regional Library book sale. Photo: GREG KEEN.

MUDGEE: A Day On The Green brought a little bit of everything to Robert Oatley Vineyards on Saturday; rock, country, soul, local talent, rain, sunshine, and three decades of hits from one of Australia’s most loved musicians. Pictured is Marlene Cameron from Mudgee with Tracey Mclean from Gold Coast.

NARROMINE: The cream of the crop of agriculture students attended the Rotary Youth Crop, Agronomy, Grain and Seed Camp in Narromine.

TRANGIE: The children dressed up to visit registered houses for the annual Halloween “trick or treat.”

WELLINGTON: Alice Chad and Laughlan Bailey get in the spirit for Melbourne Cup celebrations.

BATHURST: Stephen Champion from the Bathurst Memorial Entertainment Centre this week launched the 2015 season program, packed full of variety. Photo: ZENIO LAPKA 110314zbmec1

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Egyptian bus driver gets shock after using wife’s urine for drugs test

“Congratulations, you’re pregnant”: A male Egyptian bus driver was left flabbergasted. (File picture.) Photo: Wikimedia CommonsAn Egyptian bus driver was left flaggergasted after using his wife’s urine in a bid to avoid a mandatory drugs test, only to be told by officials: “Congratulations. You’re pregnant.”
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Employees from the General Transport Authority were asked to submit a urine sample for the drugs test.

The driver possibly knew he was going to return a positive reading, so he asked his wife to provide some of her urine.

On hearing the results of the test, he was shocked to find out his wife was pregnant,  the BBC reported, citing Egyptian news website Al-Yawm al-Sabi.

Tamer Amin, a presenter on Egyptian politics show Bottom Line, said officials asked the man to confirm the sample was his.

Amin said this made the whole encounter even more hilarious.

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Goldman calls the return of the ‘defensive bull market’

The broker expects the market to cement gains, helped by defensive, dividend-yielding stocks. The broker expects the market to cement gains, helped by defensive, dividend-yielding stocks.
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The broker expects the market to cement gains, helped by defensive, dividend-yielding stocks.

The broker expects the market to cement gains, helped by defensive, dividend-yielding stocks.

The rebound in the local sharemarket since mid-October has been driven once again by higher dividend-yielding stocks, largely the banks, while other sectors have failed to step up. It is what Goldman Sachs has labelled the return of the ‘defensive bull market’.

The financials sector surged 6.9 per cent in October as investors began to feel banks were looking a little less expensive after stocks – and the general market – flirted with a technical correction, which is defined as a drop of 10 per cent or more.

“Market concerns about a sooner-than-expected rise in US rates, the potential introduction of macro-prudential controls, and the risk of capital raisings have dissipated,” said Goldman Sachs head of portfolio strategy Matthew Ross.

“The sector is now only 1 per cent off recent highs, up 16.5 per cent for the year and back [to] trading at elevated multiples – 13.5 times [expected earnings], 9 per cent above the past 10-year average.”

He said underperformance in small caps, resources and energy further highlights the return of the “defensive bull market” – share gains driven by dividend-yielding companies with recurrent earnings rather than growth stocks.

Some defensive stocks Goldman Sachs remains positive about are Spark Infrastructure, Goodman Group, ANZ and Sydney Airport.

The broker also likes stocks with a high price-to-earnings ratio such as Seek, CSL, Aristocrat Leisure and ResMed.

Stocks with a neutral rating from Goldman with potential for declines include TPG Telecom, Ausnet Services, Ardent Leisure, M2, Amcor, Ramsay Health Care, Telstra, iiNet, Commonwealth Bank and APA Group.

As the Australian economy transitions away from the resources sector as its growth engine, the hope that another sector will be able to fill the gap is fading.

Analysts were not convinced companies will deliver a lot more earnings growth, judging by consensus forecasts, said Morgan Stanley analyst Chris Nicol.

“The reality is that the current single-digit growth profile [in earnings estimates for financial years 2015 to 2017] seems to fit the current trading and macro backdrop. A deterioration in conditions would only pressure earnings-per-share growth forecasts further,” Mr Nicol said.

But Mr Nicol said the appeal of Australia’s high dividend-yielding stocks would continue to provide a floor for the local sharemarket.

“While we see challenges to earnings growth, our base case does not forecast a decline in earnings. As such there will be some perceived stability in the quantum of dividends and cash yield,” Mr Nicol said.

“Yes, the prospect of rates rising, eventually, will pressure the yield trade within equities, but we continue to highlight that any shift will be a gradual unwind rather than a bubble-like unravel.”

Despite the recent jump in financial stocks, Morgan Stanley has retained its underweight recommendation on banks.

“Calling the ‘big switch’ out of banks has been a financial version of the boy who cried wolf for the last three to four years,” Mr Nicol said.

The Financial Services Inquiry and its impact, the end of access to cheap capital and challenges to dividend growth highlight there are some headwinds ahead for banks. Mr Nicol is forecasting return on equity in the big four will trend down after the Financial Services Inquiry reveals its findings.

Australia has an inflated cost base which companies can address slashing expenses to keep earnings growth ahead of sales growth, according to Deutsche Bank strategist Tim Baker.

“Australia likely has a more inflated cost base to address, compared to the US. Inefficiencies tend to creep in during the good times, as firms focus on meeting demand and defending market share, rather than internal efficiencies, And Australia’s expansion during 2003 to 2007 was a lot stronger than in the US,” Mr Baker said.

This story Administrator ready to work first appeared on Nanjing Night Net.

Iron ore hits new five-year low

Large steel mills in China produced, on average, 1.631 million tonnes of crude steel a day between October 21 and 31, according to the China Iron and Steel Association, down 7.5 per cent from the previous 10 days. Photo: Quentin Jones Large steel mills in China produced, on average, 1.631 million tonnes of crude steel a day between October 21 and 31, according to the China Iron and Steel Association, down 7.5 per cent from the previous 10 days. Photo: Quentin Jones
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Large steel mills in China produced, on average, 1.631 million tonnes of crude steel a day between October 21 and 31, according to the China Iron and Steel Association, down 7.5 per cent from the previous 10 days. Photo: Quentin Jones

Large steel mills in China produced, on average, 1.631 million tonnes of crude steel a day between October 21 and 31, according to the China Iron and Steel Association, down 7.5 per cent from the previous 10 days. Photo: Quentin Jones

Iron ore has slumped to a fresh five-year low, despite steel mills in China reportedly cutting output in October as the supply glut continues to weigh on prices.

Overnight the price of iron ore, measured for immediate delivery to the Qingdao port in China, fell 1.4 per cent to $US75.38 per tonne. On Thursday, Dallian iron ore futures, fell 1.9 per cent.

Iron ore has now lost ground for five straight sessions and has slipped 5.3 per cent this week. The steel-making ingredient has fallen close to 45 per cent this year.

With demand remaining weak and Beijing attempting to reduce pollution ahead of this week, steel producers in China reportedly cut production.

Large steel mills in China produced, on average, 1.631 million tonnes of crude steel a day between October 21 and 31, according to the China Iron and Steel Association, down 7.5 per cent from the previous 10 days.

“We expect Chinese steel production to reach 800 million tonnes in 2014 and 740 million tonnes in 2020 – a 7 per cent decline,” said Matthew Hodge, Morningstar’s head of basic materials and energy.

Inventories remain low on the consumer side, ANZ senior commodity strategist Daniel Hynes said, which begs the question whether or not orders are coming through on the books.

“The lack of activity is particularly low even for an event like this where you do get traders sitting on the sidelines, it seems excessively quiet which is a little bit worrying,” Mr Hynes said.

“It tends to suggest that demand is not there now, but certainly there is nothing coming through on forward order books as well, which would point to further weakness after the APEC meeting.”

The outlook from steel mills and property developers in China is still weak so any rebound is going to be very mild, Mr Hynes said.

“They [haven’t] suggested they are keen to re-stock or build any inventory into that normal high season period of demand that you get in November-December.”

Earlier in the week, The FT reported that a 170,000 tonne cargo of 62 per cent fines from Pilbara was offered at $US76.80 in China but received no bids.

The supply glut is not expected to subside, with the world’s three biggest miners, BHP Billiton, Rio Tinto and Brazil’s Vale all expected to continue to flood the market with higher quality iron ore than their smaller rivals.

In the year-to-date, share prices in miners have suffered, but the larger firms, with lower costs of production have fared better.

BHP has slumped 11.1 per cent, Rio has fallen 12 per cent and Vale is down 37.9 per cent for the year.

Iron ore miner Fortescue has dropped 47.9 per cent, Mount Gibson is down 57.6 per cent, Arrium has lost 79.6 per cent and Atlas Iron has shed 80.4 per cent.

Morgan Stanley said this week that private iron ore traders in China expect oversupply will drive spot iron ore down further, to $US70 a tonne by the end of the year, and there is little upside to demand out of China. Iron ore financing in China also poses a big price risk.

This story Administrator ready to work first appeared on Nanjing Night Net.

Mason ‘dumbfounded’ by Knights axing

Freed Willie: Mason, right, promises to bring toughness to Manly’s pack.Willie Mason cannot understand why he was tapped on the shoulder by incoming Newcastle coach Rick Stone, believing he was one of the best forwards at the club.
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The former Test prop was told he was not wanted by Stone for the next season after three years with the Knights. Despite turning 35 in April, Mason had no plans to call time on his NRL career.

“I was dumbfounded,” he said. “I started laughing to myself, going ‘how can that happen when you’re one of the best forwards in the team?’. I just got picked in the Australian train-on squad but someone doesn’t want you? I would’ve been fine with it if someone said ‘we’re buying Sam Burgess and you have to move on’.

“I loved Newcastle and wanted to retire there. When you get told [you’re not wanted] you take a backward step and it makes you want to train and play harder.

“It was a bit disheartening because I’m a Newcastle boy and had such a good rapport with the fans. They loved me up there and they were shattered to see me go.

“That’s what happens in rugby league. I didn’t second guess myself. As soon as that door closed, about 10 other doors opened.”

One of those was Manly, where Mason has signed a one-year deal that will give the club some much-needed experience up front. The departure of veterans Glenn Stewart, Anthony Watmough and Jason King left Manly with an inexperienced pack.

The Sea Eagles will be Mason’s fifth NRL club since he made his debut for the Bulldogs in 2000. He will return to a Sydney club for the first time since leaving the Roosters at the end of 2009.

“I couldn’t have chosen a better club if I wanted to,” Mason said. “I wanted to stay in Sydney and go to a good club.”

Mason joins Feleti Mateo, Siosaia Vave and Zane Tetevano as additions to the Sea Eagles forward pack.

Hooker Matt Ballin said Mason would help fill the void left by the departure of some of the club’s longest serving players.

“He has great leadership skills,” Ballin said. “He has been around for 15 years and brings knowledge about football. His enthusiasm on and off the field will be great around the club.

“The major thing [he’ll add] is the experience which we need. We’ve lost some really key players in the last two or three years, especially in the front-row. There are some great qualities he’ll bring to the club.”

Mason has not ruled out playing beyond next year, but first he will need to get through pre-season training, which begins on Monday.

“You play these young bulls trying to kill the old bloke,” Mason said. “With no shoulder charges or fights, you’re not worried about the physicality of the game. Personally if you go one on one with a prop it’s fair and tough. There’s no cheap shots.

“They see a target on my head and I enjoy it. You wouldn’t have any for training [if you didn’t enjoy it] because you cruise through.

“With Wayne [Bennett] his training sessions were so intense. He put so much onus on me as a leader to pretty much be that guy to maintain the energy. If the boys were feeling down he would try and get me to get going and help the other guys.”

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Top spot up for grabs in cricket

FOUR rounds into the Grampians Cricket Association season, every team has been beaten and officials are excited to see an even competition.
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Youth Club youngster Jarrod Illig in action.

For many seasons it has been Swifts/Great Western and Tatyoon battling for top spot and right now it is there for the taking.

Youth Club will look to bounce back when they take on Chalambar, after suffering their first loss for the season last week.

The Clubbers would have been disappointed with their performance last weekend, being dismissed after 23 overs.

Apart from Steve LeGassick’s 10 runs at the top of the order and Angus Barham’s 12 at the tail, Youth Club did little with the bat scoring just 51 runs.

Peter Barnett continues to show he was a worthy recruit as he was the best of the bowlers taking 2/26 on what was a difficult day for the bowlers.

Chalambar are still looking for their first win in the competition after their best chance went begging against Pomonal.

It was a low scoring affair between the two bottom placed teams and Chalambar would want to respond better this week.

Their top order is yet to make a substantial amount of runs and against Youth Club’s bowling attack, it could be the same story all over again.

Swifts/Great Western will take on Aradale, who are coming back from the bye.

The Swifts/Great Western bowling attack was led by Marc Brilliant last week at Central Park. Brilliant created carnage on his way to a six wicket haul and Tom Eckel also bowled well in his limited overs taking 2/7.

Aradale batsmen will have the difficult task of facing these bowlers when their confidence is sky high.

It is not just their bowlers who seem on top, but batsman Travis Nicholson has also found form after his knock of 77 not out.

Nicholson missed the first game of the season and then took two games to settle, but once he finds the middle of the bat, he is genuinely consistent when it comes to putting runs on the board.

Matt Stasse is arguably Aradale’s most exciting player with both bat and ball and will be important for Aradale if they are to be competitive.

Pomonal scored their first win last weekend and will take confidence into their clash with Tatyoon.

Tatyoon lost to Buangor in convincing fashion last weekend, proving they can be beaten by anyone in the competition.

Tatyoon will no doubt come out firing after their recent performance.

Pomonal’s skipper Lee Oliver will give Adnan Rasheed plentyof opportunity to take wickets after he delivered the goods in their win. Rasheed took 5/13 to be Pomonal’s best.

Buangor, who hold down top spot at present, have the bye this round.

Tomorrow’s draw:

A GRADE

Chalambar v Youth Club (Alexandra Oval – T McKinnis)

Swifts/Great Western v Aradale (Central Park – P Harris)

Pomonal v Tatyoon (Pomonal – D Hey)

B GRADE

Swifts/Great Western v Pomonal (Great Western – G Miller)

St Andrews v Halls Gap (A Farish)

Rhymney/Moyston v Navarre (Alexandra Oval Sunday – A Farish)

C GRADE

Willaura v Chalambar (Willaura)

Youth Club v Navarre (North Park)

Aradale v Pomonal (Aradale)

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Will Carter set for national athletics stage

STAWELL’S Will Carter will take his place on the national stage when he runs in two events at the School Sport Australia Track and Field Championships to be held in Penguin, Tasmania.
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Stawell sprinter Will Carter in action.

It has been a great performance by Carter following a selection process, to make the final team of 120. The team comprises students from all over Victoria.

The Stawell Primary School student competed in a series of competitions conducted by School Sport Victoria, including district, division and regional championships to qualify for the state championships, where he later gained selection in the School Sport Victoria State Team.

Carter will feature in the 100 metres individual sprint as well as the 4×100 metre relay.

While running hasn’t always been a focus for Carter, he did participatein Little Aths at a young age before branching off into the team sport arena.

Carter played soccer, cricket, basketball and football where he recently played in the winning under 14 premiership team at Swifts.

He started back at Little Aths last year and is competing again this season and loving the new track.

Carter’s father Greg has been his coach and takes him for training a couple of times a week at North Park.

The pair, above anything else, have worked on Carter’s technique which has made a huge difference in his running and most importantly his times.

Greg himself was a good runner in his day, having competed at the NSW High School state level.

Short distances are where Carter feels comfortable, which led to him competing at the Stawell Gift this year in the Little Aths races.

While he just missed out on the final in the 100 metres, he did make the cut in the 400 metre event where he ran a good race.

Carter is currently in grade six and is off to Marian College in Ararat next year.

The national championships are being held in Penguin, Tasmania between November 27 and December 2.

Many past School Sport Victoria Track and Field team members have gone on to compete at national and international competitions including Olympic Games, World Championships and Commonwealth Games.

The Stawell community is hopeful that Will Carter and his Victorian teammates can achieve their personal goals at a national level and that he may be representing Australia in the years to come.

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Brisbane weather: Storm brings golf ball-size hail south of city

Lightning over Toowong as seen from the Meriton in Herschel St. Photo: Lanair Smith/FacebookGolf ball-sized hailstones rained down south of Logan as a storm swept through southeast Queensland on Thursday night.
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The Bureau of Meteorology said it received three reports of large hailstones in the Logan area, with the highest rainfall occurring in Luscombe where 71mm fell.

Energex said about 7000 homes were without power on Thursday night, with Victoria Point and Redland Bay the worst hit areas.

As of 6.30am Friday, only 58 homes in the southeast were waiting for their electricity to be restored.

However the SES said it only needed to respond to nine callouts across the southeast and Toowoomba.

Bureau of Meteorology senior forecaster Peter Otto said the thunderstorm passed over Logan around 6pm and had cleared the Sunshine Coast by about 8pm.

Mr Otto said most of the Brisbane region only received about 5mm of rain, however at Kangaroo Point there was 9.2mm.

The highest rainfall in the Brisbane region was at Albany Creek, where 33mm fell.

A top of 29 degrees is predicted in the Brisbane area with a chance of a shower and storms.

There is a chance of a morning shower on Saturday before the weather clears and a 28 degree maximum is expected.

Sunday should be partly cloudy with a top of 30.

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Missing girl, 4, found in Logan

The house in Loganlea where the four-year-old girl was last seen. Photo: Google Maps Davina June is reunited with her father Robbie Gardner after being missing for several hours at Loganlea. Photo: Kristian Silva
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Robbie Gardner burst into tears as he held his four-year-old daughter in his arms.

Hours earlier, he received word that Davina June had gone missing from his brother-in-law’s house sometime early on Friday morning.

It triggered a huge police search, involving the dog squad, uniformed officers and the Queensland Government Rescue 500 chopper.

“My little girl, my little princess,” Mr Gardner said, as he gripped his daughter tightly.

“You couldn’t wish for a better police force.”

Davina June, sporting a bashful grin, somehow walked out of her uncle’s Loganlea house after 2.30am.

But her misadventure came to an end when passers-by spotted the girl walking on the footpath and took her in to their home in Waterford West.

She was returned to her father about 9.20am.

Mr Gardner said his daughter stayed at the house each Thursday and her disappearance was “out of character”.

Inspector Roger Wilson said there was nothing to suggest the girl’s disappearance was suspicious.

“She was safe, she was well, she was unharmed and she’s seeing returned to her parents,” Inspector Wilson said.

“The parents are very happy to have their little girl back, as would any parent.

“The investigation will continue but at this point in time we don’t believe there’s anything suspicious or untoward regarding her disappearance from the house.”

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How did you celebrate the Melbourne Cup? Photos

How did you celebrate the Melbourne Cup? Photos Uma Kumar, Robynne Aukwell, Annette Lynch, Suzie Crosby and Marlene Grant at Nanima Pastoral Station’s Melbourne Cup.
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Angel Kollas, Bobby Cooley, Kim Meeuwisse and Marg Watmore at Nanima Pastoral Station’s Melbourne Cup.

Janet Moxey and Tommy Jeffs at Nanima Pastoral Station’s Melbourne Cup.

Suzie Crosby, Tommy Jeffs and Vivian Weyman at Nanima Pastoral Station’s Melbourne Cup.

Narelle Hughes, Narelle Wales, Anne Ward, Chris Nash and Dani Millynn at Nanima Pastoral Station’s Melbourne Cup.

Kate Thomson, Margaret Fazzari, Janet Moxey, Paula Gray, Sue McPherson, Maryanne Dowd and Robyn Cleary at Nanima Pastoral Station’s Melbourne Cup.

Carla Sparkes and Kerrie Beecher at Nanima Pastoral Station’s Melbourne Cup.

Ladies from Eugowra at Nanima Pastoral Station’s Melbourne Cup.

The lunch at Mulyan for Melbourne Cup day was a success.

Maddie Noble and Ruth Fagan at the Mulyan Melbourne Cup lunch.

Anne Loveridge, Jenni Fagan, Helen Fagan and Sheryl Richardson at the Mulyan Melbourne Cup lunch.

Julie Spolding, Lyn Cameron, Robin Meiklejohn and Roz Dunhill at the Mulyan Melbourne Cup lunch.

Jim Clements, Marie Langfield, Jean Mary Fagan, Eileen Fahey and June Wilhin at the Mulyan Melbourne Cup lunch.

Fred Fahey, Sue Webstin and Anne Holloway at the Mulyan Melbourne Cup lunch.

Jan Tonuri, Linda Millard, Barbara Proctor and Allen Wilson at the Mulyan Melbourne Cup lunch.

Pamela Heikkinen, Pauline Walsh, Cathy Cleary and Heather Kiely at the Mulyan Melbourne Cup lunch.

Poppy and Bella Starr with Lisa Starr, Amanda and Sophie Partridge and Jayne and Adelaide Coleman.

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Gallery: Breath of Fresh Air red carpet

Gallery: Breath of Fresh Air red carpet Red carpet arrivals at Thursday night’s Breath of Fresh Air festival. Photos by Phillip Biggs
Nanjing Night Net

Red carpet arrivals at Thursday night’s Breath of Fresh Air festival. Photos by Phillip Biggs

Red carpet arrivals at Thursday night’s Breath of Fresh Air festival. Photos by Phillip Biggs

Red carpet arrivals at Thursday night’s Breath of Fresh Air festival. Photos by Phillip Biggs

Red carpet arrivals at Thursday night’s Breath of Fresh Air festival. Photos by Phillip Biggs

Red carpet arrivals at Thursday night’s Breath of Fresh Air festival. Photos by Phillip Biggs

Red carpet arrivals at Thursday night’s Breath of Fresh Air festival. Photos by Phillip Biggs

Red carpet arrivals at Thursday night’s Breath of Fresh Air festival. Photos by Phillip Biggs

Red carpet arrivals at Thursday night’s Breath of Fresh Air festival. Photos by Phillip Biggs

Red carpet arrivals at Thursday night’s Breath of Fresh Air festival. Photos by Phillip Biggs

Red carpet arrivals at Thursday night’s Breath of Fresh Air festival. Photos by Phillip Biggs

Red carpet arrivals at Thursday night’s Breath of Fresh Air festival. Photos by Phillip Biggs

Red carpet arrivals at Thursday night’s Breath of Fresh Air festival. Photos by Phillip Biggs

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