JB Hi-Fi Limited (ASX: JBH) posted another positive trading update on Thursday revealing operating leverage and sales growth. The update was given to fully inform the market before the company closed applications for its previously announced $250 million buyback on April 8. JB Hi-Fi will return some of its $844 million war chest to shareholders by purchasing up…
ASX shares have been popular acquisition targets in recent times. Notable takeovers include Sydney Airport, Class Limited and Australian Pharmaceutical. Here are three more ASX shares with takeover potential. 1. Megaport Ltd (ASX: MP1) Megaport provides Network-as-a-Service services to companies. It’s similar to Amazon Web Services or Microsoft Azure, except it’s a neutral provider. The business expects to be cash flow breakeven by the…
The ASX 200 has fallen 5.5% in 2022 as inflation fears spook investors. Inflation reached 7.9% in the United States. It’s not nearly as bad in Australia, but 3.5% is still well above what economists prefer. Here are three ASX 200 shares to buttress your portfolio against inflation. 1. Woolworths Group Ltd (ASX: WOW) Woolworths is…
The Rio Tinto Limited (ASX: RIO) share price has dipped 4.6% today despite announcing the proposed acquisition of Turquoise Hill. Anchor your portfolio with these top 20 dividend growth ASX shares The iron price fell 6.2% overnight, leading to losses across the iron ore miners including Fortescue Metals Group Limited (ASX: FMG) and BHP Group Ltd (ASX: BHP). What is the offer?…
The Zip Co Ltd (ASX: Z1P) share price is down 80% over the past year as the buy-now-pay-later (BNPL) sector loses its shine. Excluding the March 2020 market crash, the Zip share price is at levels April 2019 (nearly three years ago!). Will the recent acquisition of US-based Sezzle Inc (ASX: SZL) turn things around? Let’s find out. Z1P share price…
The Xero Limited (ASX: XRO) share price is down 37% over the past six months. Revealed: 5 ASX tech shares I’d consider buying today Usually, this would be a buying opportunity. But investors seem to be lukewarm to snatching up Xero shares recently. Here’s why shares have fallen and where they could be heading next. What is…
ASX dividend shares are an essential part of all income portfolios. Especially when the official cash rate is just 0.10%. After accounting for inflation, money kept in a bank account is earning a negative return. Here are three ASX dividend shares I’d add to any income portfolio. 1. Commonwealth Bank of Australia (ASX: CBA) Despite rising competition from neobanks…
ASX shares with insider buying is a big tick for current or potential shareholders. Insiders – which include the CEO, board of directors or founders – usually have a strong grasp on the business. When an insider puts their own cash on the table, the market takes notice. Here are five companies with insiders who…
The Block Inc CDI (ASX: SQ2) share price has rocketed today after the business announced its FY21 results overnight. In early afternoon trade, the Block share price is up 34.77% to $156.40. Block? Afterpay? Square? Block, formerly known as Square, is a global payments business with divisions including Square, Cash App, Spiral, TIDAL and TBD54566975. The company also bought Australian buy now, pay later market darling Afterpay in January….
ASX shares have been reporting some impressive growth numbers today. Here are five ASX shares that caught my eye and I’ll be watching going forward. 1. Whispir Ltd (ASX: WSP) Communication platform Whispir – which assists governments and companies communicate with stakeholders – recorded a 70.4% uplift in revenue for the first half of FY22. The business is…
