The Woodside Petroleum Limited (ASX: WPL) share price will be under the spotlight after announcing a merger with the oil business of BHP Group Ltd (ASX: BHP). Mega merger between BHP oil and Woodside As confirmed in BHP’s FY21 result, Woodside is going to merge with BHP’s oil business. BHP has been thinking about divesting its oil business for some time, but…
Despite a market correction earlier this year, cryptocurrency has displayed resilience as an asset class and continues to attract the attention of thousands of investors. But as we enter the 2022 financial year it is clear uncertainty remains about cryptocurrency and how it interacts with Australia’s tax regime. Many investors view a lack of regulatory…
The Rio Tinto Limited (ASX: RIO) share price has dropped in early reaction to the miner’s 2021 second-quarter update. Rio Tinto’s 2021 Q2 production Rio Tinto told investors about its performance compared to the prior corresponding period (2020 Q2). Iron ore shipments were down 12%, to 76.3 Mt. The iron ore production was down by 9%, to…
Shares in telecommunications giant Telstra Corporation Ltd (ASX: TLS) have long been a quintessential member of a large-cap ASX share portfolio. However, they also have a long history of destroying shareholder value – Telstra shares started trading hands on the ASX in 1997 at around $2.60 each. In other words, a 44% capital gain based on the…
After an impressive rise in 2020, tech stocks have been hit by selling pressure so far this year. One tech sector that has defied the recent trend is robotics and automation. The ETFS ROBO Global Robotics and Automation ETF (ROBO) is up more than 4.9% in the first five months of the year, after rising…
Around 20% of Australians are providing false information to banks when applying for loans. That’s according to a report from Experian, the world’s largest credit reporting business. Why are they doing it? According to reporting by the Australian Financial Review it’s because they don’t want to be rejected for a loan by the bank. The stats revealed…
The Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) (WHSP) share price is on watch today after the company announced it’s acquiring Milton Corporation Limited (ASX: MLT). WHSP buys Milton The old investment house is going to buy Milton the listed investment company (LIC). Milton shareholders will receive WHSP shares as their payment, with Milton shares to be valued…
Buy-now-pay-later (BNPL) Zip Co Ltd (ASX: Z1P) shares have been the most traded on the ASX in recent weeks (again) according to Commsec data. After reaching highs of close to $15, the current Zip share price represents a discount of nearly 50 per cent. Could now be a good time to pick some Zip shares? Why optionality…
One of the distinguishing features of the Australian equities market is the franking credits regime. A franking credit is generated when Australian-resident companies pay income tax and distribute after-tax profits through dividends. Depending on their tax situation, shareholders might get a reduction in their income taxes or a tax refund, as a result of receiving the franking…
The Altium Limited (ASX: ALU) share price is going bananas right now after revealing a takeover offer from US software group Autodesk (NASDAQ: ADSK). Why is the Altium share price going nuts? The electronic PCB software business revealed that it has received a formal, non-binding, indicative and unsolicited takeover proposal from Autodesk. My colleague Lachlan Buur-Jensen was right when…
