As investors start to look past the pandemic, the economic cost and scarring from Covid-19 has been significant. The International Monetary Fund (IMF) says “unlike the 2008 crisis, emerging markets and developing economies are expected to suffer more scarring than advanced economies”. In the same way that the US and Australia were able to provide…
The Inside Network spoke with the managing director of Hiremii Group Limited (ASX: HMI), Chris Brophy, about Hiremii’s much-anticipated IPO, which is set to shake up the labour hire sector’s fast-evolving digital revolution. Listed on Tuesday (11 May), Hiremii is at the forefront of the transformation of the employment industry. For investors looking to take…
Dubbed the ‘Big Spending’ budget, Treasurer Josh Frydenberg delivered a 2021-22 budget that is aimed at providing further support to the economy and the post-pandemic recovery. The Government’s 2020 delivery sets the scene for an increase in spending intended to drive economic growth, create new jobs and reduce unemployment below 5%. Once reached, budget repair…
Raiz Invest (ASX: RZI) – The micro-investing app has announced its active customer numbers and its funds under management (FUM) statistics for the month to 30 April. The group is continuing to see strong growth as retail investors flock to the market. The app continues to grow exponentially, up 96% over the last 12…
OpenMarkets Group (OMG) is readying itself for an ASX listing following an announcement this week that it had made a series of board level appointments. “Major appointments include Naseema Sparks AM as chairman; Andrew Rutherford and Paul Rayson as non-executive directors; Bob Alexander as executive director and chief financial officer; and Phil Cussen as chief…
A large amount of capital has moved into so called “concept stocks” in recent months, as retail investors seek to capitalise on popular ‘themes’. Before we discuss this phenomenon, we first must define a concept stock. In short, a concept stock is a company like a start-up, that is in its early conceptual stages of…
ANZ Bank – 218% profit increase ANZ shares were lower after delivering a slight “miss” on earnings. ANZ’s cash profit rose 218%, to $2.99 billion, which came in at below expectations, but the dividend was better-than-expected. Management declared a 70 cents-a-share dividend, up from 25 cents a year ago, and just below the pre-pandemic final…
The first quarter of 2021 saw renewed confidence in global equity markets, supported by positive developments in the fight against coronavirus together with better-than-expected economic data. Fiscal stimulus and vaccine rollout have far exceeded expectations, causing equity markets to overcome bouts of volatility. The Dow Jones Industrial Average and S&P 500 indices hit new all-time…
With bank reporting season underway, it’s important to know what to look for when assessing the big banks. The days of looking solely at dividend payout ratio and price/earnings ratio are long gone. We live in a global world, with cross-border comparisons more important than ever. The first cab off the rank every year is…
It’s quarterly earnings season for a small handful of ASX-listed companies, but some might say the most important in the index. While most companies listed on the ASX report half-yearly with a June year-end, the second month after the financial period, being July and February tends to the busiest each year. However, a small group…
