Afterpay Ltd (ASX:APT)

RBA comments push market lower, energy, iron ore prices fall, A2 Milk jumps 8% The ASX200 (ASX:XJO) gave up a strong open, trading as much as 1% higher, to finish down 0.4% for the day. With reporting season having come to an end, investors are now watching economic and central bank data intensely for any signs of…

You’ve probably heard of a company resorting to a ‘backdoor listing’ or a ‘reverse takeover’ or for US investors a Special Purpose Acquisition Company (SPAC) instead of using the traditional IPO (front door) method to list on the ASX or other markets. Contrary to popular belief, the process is completely legitimate and a viable pathway…

Shares in Afterpay (ASX:APT) are down close to 10% after the release of their half year accounts and post a trading halt. The leading BNPL platform announced a complex deal through which their partners in the US have waived a portion of their investment in return for A$373 million, whilst issuing another convertible note to…

The Australian reporting season stepped up another gear this week, dividends and cost cutting were the most important topics on the agenda. The threat of inflation is also clearly increasing, with government bond yields in both the US and Australia hitting 12-month highs. Despite this investors remain resilient and unconcerned about the risk of an…

Afterpay this, Afterpay that… what started five years ago as a small payments platform quickly became one of Australia’s most valuable and iconic companies. Afterpay listed at $1.00 only a few years ago (April 2016), and on today’s numbers is worth a staggering $41.7 billion at $150 a share. That is an astronomical gain of…

Lockdown 3.0, ASX finishes 0.5% lower, Baby Bunting (ASX:BBN) riding COVID-19 boom The ASX200 (ASX:XJO) finished 0.6% lower on Friday, dragging the market to 0.5% for the week. The news of the day was the snap five-day lockdown in Victoria, which naturally sent the industrials sector to significant losses, Qantas (ASX:QAN) fell 4.8% and Webjet (ASX:WEB) 3.9%. Over the week, it…

ASX higher, Commonwealth Bank (ASX:CBA) dividend boost, Lend Lease (ASX:LLC) CEO leaves, Crown Ltd (ASX:CWN) has an uncertain future The ASX200 (ASX:XJO) finished 0.5% higher, with every sector but consumer discretionary adding to returns. IT was once again the standout with both Afterpay Ltd (ASX:APT) and Zip Co (ASX:Z1P) hitting all-time highs as BNPL valuations took another leap forward. Whilst reported…

This week Wall Street witnessed a real-life David vs Goliath story that played out like a scene from a Hollywood blockbuster movie. Wall Street hedge fund managers were caught off-guard by an army of amateur traders who congregated together via the online forum Reddit to play out a classic ‘short squeeze/pump and dump’ scheme to…

Leading Australian equities fund manager, DNR Capital, has once again outperformed its benchmark for the month of December and finished the year on a high taking advantage of the pandemic and run up in the iron ore price. Whilst the ASX 200 Index was up 1.21% the DNR Capital High Conviction strategy managed to return…

Shares in Zip Co Ltd (ASX: Z1P) jumped higher next week after Zip said that it achieved record quarterly revenue of $102 million, up 88% year on year. The December revenue was $40.2 million, up 94%. The revenue growth was driven by record quarterly transaction volume of $1.6 billion, up 103% year on year. The…