ASX falls on tech, RBNZ hikes rates, Harvey Norman profit slumps Weak global sentiment continues to pressure the S&P/ASX200 (ASX: XJO) with the market falling another 11 points or 0.2 per cent on Monday. This time the selling was widespread, with just utilities and energy gaining 1 and 1.2 per cent, whilst the technology and industrial shares…
Recently Listed companies SiteMinder (ASX:SDR) – Recently listed hotel commerce platform, SiteMinder, saw its shares rise 40% after listing on the ASX on Monday. The company added $500 million to the value of the business after raising some $627 million at $5.06 a share. This gives the company a cool market cap of $1.36 billion….
Harvey Norman Holdings Limited (ASX: HVN) has released a trading update for the first five months of FY22 with profit before tax (PBT) down 35.5%. After initially falling more heavily, the Harvey Norman share price is down just 0.19% to $5.18. HVN share price Stuck in the middle Key results for the period from 1 July 2021 to…
The Life360 Inc (ASX: 360) share price won’t be moving today after the company announced a capital raising to fund the US$205 million (AU$283 million) acquisition of Tile. Tile is a hardware company that helps customers keep track of items such as backpacks, keys and passports by attaching ‘Tiles’, which come in a variety of shapes and…
It’s been a rough couple of weeks for CBA, with shares suffering their worst single-day sell-off since March 2020. The sell-off was due to investors dumping the big bank following what was seen as a disappointing squeeze on profits caused by the record low cash rate and fierce home loan competition. CBA says its net…
Having dodged a bullet with its Victorian casino and gaming licence, Australia’s largest entertainment group, Crown Resorts (ASX: CWN) is back. Shares have risen from $8.64 in July this year to $11.33, staging a remarkable recovery of around 31%. Despite being brought to its knees by the Royal Commission investigating its suitability to hold its…
40/60, 60/40 or 30/70. The term is among the most spoken about by financial advisers and other industry experts. At present, the focus of the discussion is on why the 40/60 portfolio is “broken,” yet we rarely take a step back and think about it in its own right. The term refers to the “construction”…
It has been a bumper year for dividend investors as the Australian economy continues its COVID-19 pandemic recovery and companies continue to post record profits. As a result, a “dividend boom” has begun, with some analysts predicting up to $130 billion to be returned to shareholders, with the bulk coming from the banks and iron…
