Recent ASX initial public offering GQG Partners Inc. (ASX: GQG) looks to be moving in on Magellan Financial Group Ltd’s (ASX: MFG) turf. Both companies manage global equities portfolios for big institutions with funds under management (FUM) of $85.8 billion and $113.9 billion respectively. It will be a battle for the ages: Rajiv Jain vs. Hamish Douglass. If you’re new to either business, check…
Florida-based active global equities manager GQG Partners Inc. (ASX: GQG) is set to start trading on Tuesday after the business completed the biggest initial public offering (IPO) of 2021. The business raised just shy of $1.2 billion, valuing GQG at $5.9 billion. Let’s dive into the business and why it could be an interesting investment. The newest fundie in…
The New Zealand-based Eroad Ltd (ASX: ERD) share price has moved into the red today after an underwhelming second-quarter update. Currently, the Eroad share price is down 8.33%, to $4.84. Eroad develops and markets technology solutions for managing vehicle fleets, improving driver safety and supporting regulatory compliance. Marginal growth offset by North America Key highlights for the…
After reading the company name Alliance Aviation Services Ltd (ASX: AQZ) you most likely want to close this tab on your browser. Why would I be interested in adding an airline to my watchlist? Bear with me. I think by the end you will see why this isn’t your typical passenger carrier. AQZ share price AQZ share…
On Wednesday, the Commonwealth Bank of Australia (ASX: CBA) hosted its Annual General Meeting (AGM) with shareholders. Both Chairwoman Catherine Livingstone AO and Chief Executive Matt Comyn addressed the audience. Here are three notable points for shareholders to keep in mind from the prepared remarks. 1. Happy wife (workers), happy life One set of statistics from the AGM stood out. Of the…
1. AGL Energy Limited (ASX: AGL) Australia’s oldest energy business, AGL, has had a turbulent four years falling 79% from its highs in 2017. Its balance sheet looks to be carrying too much debt and its legacy coal assets are no longer as profitable. It’s not all management’s fault though. Outside factors including falling wholesale energy…
The Iress Ltd (ASX: IRE) share price has sunk in morning trade after an agreement was unable to be reached with potential acquirer EQT Fund Management. Shares in Iress are currently trading for $12.05, down 11% for the day. What was announced? Iress announced that despite granting an extra 10 days of due diligence, both parties have been…
Telecommunications infrastructure builder Uniti Group Ltd (ASX: UWL) share price has jumped 9.67% to $4.31 after the company announced a stellar FY21 result. UWL share price Who is Uniti Group? Uniti is more than just a typical telco business. The company specialises in building fibre networks in new residential and multi-dwelling developments. Uniti also operates as a retail…
What a week of ASX Reporting Season! We had the three biggest companies in Australia report FY21 results, each surprising the market in its own way. A pizza retailer was the best performer, a winemaker defied the odds, and everyone’s friendly neighbourhood fund manager disappointed. If you’ve been hiding under a rock, here’s your 5-minute update…
Global healthcare leader ResMed Inc. (NYSE: RMD) Resmed CDI (ASX: RMD) recorded a 14% increase in quarterly sales upon “incredible demand”. The company is “doing everything [it] can to increase manufacturing” however is hampered by supply chain bottlenecks. Originally founded in Australia, Resmed provides hardware and software solutions to treat sleep apnea, chronic obstructive pulmonary disease (COPD) and asthma….
