ASX

BNPL rout sinks market, Boral sells fly ash, Bapcorp chief out The S&P/ASX200 (ASX: XJO) managed to eke out a tiny gain of just 4 points on Monday overcoming a mixed overseas lead. This was despite significantly selling pressure facing the technology sector, but more specifically Buy Now Pay Later groups including Afterpay (ASX: APT) and Zip Co (ASX: Z1P). The sector fell 2.2 per cent…

Positive finish to volatile week, Novonix tanks, CSL lining up big deal An increasingly volatile week finish on a positive note, with the S&P/ASX200 (ASX: XJO) gaining 0.2 per cent on Monday, trimming the weekly loss to just 0.5 per cent. The famous Sohn Hearts & Minds Conference attracted all the attention with Berkshire Hathaway founder Charlie Munger delivering some scathing commentary. On Friday…

The Wesfarmers Ltd (ASX: WES) and Woolworths Group Ltd (ASX: WOW) rivalry has been reignited today after Woolworths lobbed a $1.75 per share offer for Australian Pharmaceutical Industries Ltd (ASX: API). Previously, Wesfarmers had made a binding offer of $1.55 per share for the pharmacy chain, which had been recommended by the API board. The deal looked largely complete until Friday’s shock announcement. Wesfarmers and…

Sustained strong performance has not caused complacency at global equity manager Munro Partners which this week announced the launch of a new ‘climate’ dedicated equity strategy. After successfully navigating the taper tantrum, Trump election and the pandemic, CIO Nick Griffin has identified what Munro believes is a $30 trillion opportunity and split its climate “area…

The Link Administration Holdings Ltd (ASX: LNK) share price is on the move, after the company received a takeover proposal (Friday.) Currently, the Link share price is up 11.78% to $4.84. LNK share price What was announced? Private equity outfit The Carlyle Group has made a conditional non-binding offer to acquire 100% of the shares in Link. The proposal…

Few companies have dominated the popular zeitgeist like pay television streaming service Netflix. Similarly, few companies have been such a lightning for what is both good and bad about so-called growth stocks. According to market analysis, Netflix was the top performing stock in the S&P500 for the entirety of the 2010’s, delivering a return of…

OpenInvest is a Melbourne-based fintech platform that uses a range of managed portfolios to offer its investors a low-cost digital solution. The platform helps form a connection between investors and asset managers, to better educate and support investors during the decision process. CEO of OpenInvest, Andrew Varlamos says, “Investors can get to know the different…

The Charter Hall Group (ASX: CHC) share price is up around 4% after the property manager upgraded its earnings projection for FY21. It manages property funds across a range of sectors including office, industrial, logistics, retail and social infrastructure. Charter Hall manages assets worth $54 billion spread across 1,404 assets. The business has a $9 billion development…

Galloping into November, it’s often considered the prime entry point before months of positive returns supported by the Christmas rally. However, not every rule holds, as October showed without any major selloff. On average, November is the fifth-highest returning month of the year, as shown below.    Last year, however, returns in November 2020 were…

Both the Netwealth Group Ltd (ASX: NWL) and Praemium Ltd (ASX: PPS) share prices will be on watch today after Netwealth proposed a merger of the two companies. Currently, the Netwealth share price is largely unmoved at $17.20.|Conversely, the Praemium share price is racing upwards, increasing 15% to $1.43. Netwealth eyes off Praemium Netwealth submitted a non-binding proposal to…

Westpac (ASX:WBC) has been sold-off heavily this week after delivering an unexpected “shocker” of a result. Shares finished down 7 per cent on the day of reporting, despite the company reporting a doubling of profit to over $5 billion. Analysts and fund managers were clearly concerned about the various mis-steps of management over the last…

Shares in online bookmaker PointsBet Holdings Limited (ASX: PBH) finished Friday nearly 20 per cent lower after its Q1 FY22 results failed to impress some investors. Since reaching over $17 per share at the start of the year, Pointsbet’s market valuation has more than halved. For a full breakdown of the results, check out Lachlan Buur-Jensen’s article…