News

ASX finished 0.7% higher, Crown (ASX:CWN) under offer, Fortescue (ASX:FMG) tanks The ASX200 (ASX:XJO) overcame a weak global lead to break a three day losing streak, adding 0.7% on Monday. Every sector was higher barring materials, with Fortescue Metals (ASX:FMG) dragging the sector lower, falling 4.3% on a further weakening of the iron ore price. Energy was by far the highlight,…

The annual ASX Small and Mid-Cap Conference took place this week, albeit in a virtual setting, over two days. The conference showcased a diverse mix of quality small-mid cap companies with names such as Mydeal.Com.au (ASX: MYD), Laybuy Group Holdings (ASX: LBY), Plenti Group (ASX: PLT), hipages Group (ASX: HPG) and Aussie Broadband (ASX: ABB)….

CBA has been a quiet investor in the BNPL industry since August 2019, when it made an initial investment of US$100 million into a private Swedish bank Klarna, which offers its own BNPL product. This investment was increased by another US$200 million in January 2020, with CBA taking its Klarna holding to 5%. Ostensibly, this…

ASX sinks to first loss in a month, retailers powering ahead, materials weaker The ASX200 (ASX:XJO) finished the week on a negative note, falling 0.6%, delivering the first weekly loss in over a month, down 0.9%. It seems the number of divergent outcomes for 2021 is increasing by the day, with talk of an inflation spike, countered…

ASX continues to weaken, unemployment surprises, NZ nearing second recession The ASX200 (ASX:XJO) finished another 0.7% lower on Thursday, with every sector but miners and retailers falling. Amongst the biggest detractors were the Commonwealth Bank (ASX:CBA) and CSL Ltd (ASX:CSL), down 1.6% and 1.9% respectively. The sell-off came despite what appears to be great news for the economy; the unemployment rate…

Market weakens, CBA enters BNPL space, Corporate Travel sell down The ASX200 (ASX:XJO) fell 0.5% on Wednesday, following a confluence of global factors. It was a mixed day with six of the eleven key industry sectors falling but energy and materials remaining under pressure. The iron ore price has remained strong, however, both BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO) fell as other commodity…

Time is ticking. With less than two weeks left, 1.54 million Aussie JobKeeper recipients will have their beloved allowance winched away for good. On March 28, the government will completely wean approved businesses and employees off the JobKeeper wage subsidy of $1,500 per fortnight (later scaled back to $1,000). What was JobKeeper? JobKeeper is part…

Buy – Adore Beauty (ABY) ABY has struggled since listing, with its inaugural half year result disappointing investors with a lack of guidance.  While we weren’t participants in the IPO, we see value for investors at current prices with Adore trading at a discount other single-category, online retailers like Temple & Webster (TPW) and Redbubble…

ASX200 follows global markets higher, economic data flows, inflation of little concern, Metcash (ASX:MTS) continues to deliver The ASX200 (ASX:XJO) finished another 0.8% higher on Tuesday, with every sector but energy and materials delivering positive results for the day. CSL (ASX:CSL) continues to catch up on the market after a slow start to 2021, adding 2.3%. The company…

ASX delivers small gain, Future Fund leads renewables deal  The ASX200 (ASX:XJO) finished slightly higher, adding 0.1% to commence the week.  The IT sector continues to feel a great deal of selling pressure with Afterpay (ASX:APT) falling another 4.5% as investors continue to pivot towards more sustainable, undervalued sources of returns. The share price is now nearly 30% off…

In this article, I’ve provided a short update on a number of widely held and strong ‘blue-chip’ businesses following the recent reporting season. Commonwealth Bank (ASX:CBA) lead the earnings reports today, with all eyes on the dividend management delivered $1.50 per share. That represents a 53% increase on the small 2020 dividend but 25% down…

Records fell last week with both the Dow Jones and S&P 500 reaching all-time highs amid a furious rotation into ‘value’ stocks. The record week came on the back of the successful passing of the US Government’s US$1.9 trillion stimulus bill supporting all range of beneficiaries from airlines to state governments and individuals in the…