Markets

The Crown Resorts (ASX:CWN) board has announced its intention to accept the “revised non-binding proposal from Blackstone to acquire all of its shares by way of a scheme of arrangement at $13.10 cash per share. It’s been a long-running saga, with this the fourth bid from Blackstone, whose previous offers were deemed not compelling by…

The BHP Group Ltd (ASX: BHP) share price is on watch after the mining giant released its HY22 production numbers. BHP is currently producing a number of different resources including copper, iron ore, coal and petroleum. It also has plans for potash in the future. BHP’s HY22 production The huge resources business said that its Western Australian…

The Redbubble Ltd (ASX: RBL) share price just hit a 52-week low of $2.99. Is the e-commerce ASX share now a buy? Redbubble is an online retailer of a large number of different products (such as clothes, stationery, phone cases and so on) that have cool designs on them which have been created by artists. What’s going…

Iron ore is back. An unexpected recovery in the iron ore price has the industry punching the air in delight as its turnaround wasn’t expected for quite some time. It’s hard to believe such a recovery is taking place after iron ore’s recent crash. Late last year, Chinese demand for iron ore surged on the…

The Crown Resorts Ltd (ASX: CWN) share price has leapt 8% in morning trade after receiving a revised takeover bid of $13.10 per share from private equity outfit Blackstone. Currently, the Crown share price is at $12.55 per share, 4.2% below the indicative offer price. CWN share price Fourth time lucky In November, Blackstone proposed $12.50 per share for Crown, which was…

Microsoft (NASDAQ:MSFT) is back. The 46-year old, $2.3 trillion-dollar company has had its status raised back to FANG rank, taking the place of Twitter (NYSE:TWTR) in the Intercontinental Exchange NYSE FANG+ index. ETF Securities FANG+ ETF (ASX:FANG) was quick to make the change, replacing Twitter in the first reconstitution of the fund since it was…

As the calendar turns over to another year the bubble talk picks up once again. Listening to a popular US podcast called Animal Spirits during the week they referred to the acronym ‘FUD’ referring to Fear, Uncertainty and Doubt. Specifically, the hosts were referring to the power of negative headlines, talking about bubbles, busts valuations,…

Tesla has done it again. First South Australia, now Victoria. The world’s largest battery storage systems, powered by Tesla’s utility-scale Megapack batteries, has been switched online in Victoria last Wednesday. According to CNBC, the “large energy storage systems based on lithium-ion batteries have the potential to prevent blackouts and let utilities store and use more…

Is this greenwashing, or simply a business trying to ensure that its operations are conducted as responsibly as possible? Dalrymple Bay Infrastructure Limited (ASX: DBI), which listed in December 2020, is a unique business; it operates a major infrastructure asset – the Dalrymple Bay Coal Terminal on the central Queensland coast – that ships coal…

The passive vs. active debate has now been around for several decades, effectively starting when Jack Bogle founded Vanguard in the 1960s. While headlines highlighting the below-average performance of ‘active’ managers make for great headlines, they offer little insight into what is actually occurring in equity markets around the world. Peter Lynch is a well-known…

This year was a year to remember for cryptocurrency. Not only did it go “mainstream” in Australia but it received the much-needed regulatory oversight required to help provide greater security for both investors and cryptocurrency businesses. Although regulators may have taken a while to get their heads around cryptocurrencies and other digital assets, the government…

After a dismal year in terms of dividend yields, payouts have been at multi-year lows after most corporations were forced to cut payments to shareholders because of the pandemic. But Plato Investment Management is confident that dividends are back, and has revised up its dividend yield target for the 2022 financial year to 10% gross…