It’s every Australian’s dream to win a division one jackpot. While your odds of that are pretty slim, you can now benefit from lotteries in another way. Last week The Lottery Corporation Ltd (ASX: TLC) – which owns brands including Tattslotto, Powerball and Ozlotto in addition to Keno outlets – was listed as a standalone…
A rollercoaster wouldn’t do justice to the ride Appen Ltd (ASX: APX) shareholders have been on lately. In fact, it’s more like an avalanche, with a temporary reprieve on the way down. After missing internal and external forecasts over the past two years, the Appen share price is down a staggering 84%. In 2020 it…
The shortage of infant milk formula (IMF) in the United States has become the number one issue facing families. Supply had already been under pressure for the past two years from pandemic induced logistic constraints. Then Abbott Laboratories (NYSE: ABT) – which supplies 50% of the US market – shut its manufacturing facility in Sturgis,…
The Tabcorp Holdings Limited (ASX: TAH) share price tumbled 80% on Tuesday after it completed the demerger of its Lotteries and Keno (L&K) division into a separately listed ASX company. The division has been renamed The Lottery Corporation and will trade under the ticker code “TLC”. The existing Tabcorp listing will house the group’s wagering…
Investing icon Warren Buffett once said, “Be fearful when others are greedy, and greedy when others are fearful”. And that’s exactly what he and his partner Charlie Munger have been doing. When markets were soaring over 2021, his holding company Berkshire Hathaway Inc (NYSE: BRK.A) was a net seller for five consecutive quarters. But since…
It’s been a painful 2022 for the e-commerce sector, particularly former market darling Kogan (ASX: KGN). The pandemic induced retail spending surge of 2020 and 2021 is gone. Instead, households now face the scary economic reality of rising interest rates and inflation. Add in a sharp market sell-off in technology shares in addition to ongoing…
Private equity is eating the ASX alive. Nearly every other month there is another billionaire dollar private equity approach of an ASX company. The latest is the $20 billion deal for Ramsay Health Care (ASX: RHC). Uniti Group, Vocus and Sydney Airport are recent other examples that the tyre kickers have poached from the ASX…
PEXA Group Ltd (ASX: PXA) is a relatively new listing on the ASX but has quickly risen to fame as one of its highest quality companies. The business owns the PEXA Exchange, which brings the Reserve Bank of Australia, state revenue offices, land registries, banks, buyers, sellers and conveyancers onto one digital platform to lodge…
You might not have heard of Pinnacle Investment Management Group (ASX: PNI), but you’ve likely heard of or invested in one of its 16 affiliate managers. Founded by investment management doyan Ian Macoun -who is currently Managing Director and owns 9.6% of the company – Pinnacle provides the seed capital, administration, and distribution for upstart…
It’s not quite a 1980’s style corporate raider attempt, but it’s pretty darn close. Australia’s 4th richest man is trying to disrupt the dissembling of the country’s largest energy generator and retailer. After previously trying to buy the whole company twice, MikeCannon–Brookes, through his holding company Grok Ventures, has effectively secured 11% of AGLEnergyLimited (ASX:…
