ASX

Reading the media headlines this morning, “Is Crown too big to fail in Melbourne” and “Crown lucky to escape the Victorian Royal Commission with its licence intact,” was enough to recognise the power that Crown Casino still yields in Victoria, despite being brought to its knees by a Royal Commission hell-bent on making the casino…

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…

The BlueScope Limited (ASX: BSL) share price is rising after it announced higher earnings guidance for the first half of FY22. BlueScope FY22 half year guidance The company is now expecting underlying earnings before interest and tax (EBIT) for the first half of FY22 to be between $2.1 billion and $2.3 billion. This updated guidance is above the previous…

Despite a growing chorus of calls for a significant market correction, as is usually the case in October, nothing has been forthcoming during the most dreaded of months. In fact, it has been a story of the opposite, with US markets near all-time highs and massive flow of dividends and buybacks combined with zero term…

Both Magellan (ASX:MFG) and Platinum Asset Management (ASX:PTM) have been gaining plenty of unwanted attention lately. Both their hallmark strategies are suffering from periods of underperformance, the former due to a lack of cyclical exposure and the latter an ingrained value focus.  It is somewhat interesting therefore that both are banking on China as being…

“Money makes money. And the money that money makes, makes money” – Benjamin Franklin To many, this quote likely stands out as being among the most capitalist comments that would appeal to a billionaire professional investor, managing over $100 billion for investors all around the world. Yet at the core of this quote is the…

ASX finishes flat, earnings season gathers steam, Magellan, AMP surprise The S&P/ASX200 (ASX: XJO) traded flat throughout the day, ultimately gaining just 1.7 points as strength in the real estate sector (up 1.6%) offset more weakness in energy and consumer staples, both of which were down over 1%. Whilst the US successfully navigates another earnings season the Australian market…

China’s economic growth has gone from bad to worse – on the Middle Kingdom’s lofty statistical standards, that is – after official data showed that third-quarter GDP came in at 4.9 per cent annual, short of the expected 5.0 per cent predicted by analysts. It was also three percentage points lower than the 7.9 per…

Blackmore Capital has fine-tuned its Australian equities income portfolio after the mammoth bull run in CBA’s share price triggered a response from the team. Co-founder and CIO of Blackmore Capital, Marcus Bogdan, said, “on a 12-month basis CBA has delivered a total return of about 58%, outperforming the S&P/ASX200 by about 35% and its major…

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…

The Pilbara Minerals Ltd (ASX: PLS) share price is in focus after the lithium and tantalum producer announced plans for solar energy in its progress towards net-zero emissions. Pilbara Minerals is an Australian lithium company that owns and operates its Pilgangoora project in the Pilbara region in Western Australia. It is one of the world’s largest hard-rock…

As the world gets ready to emerge from its Covid hibernation, low inventory levels, supply chain disruptions and booming demand for semiconductor chips have brought about an economic dislocation which is receiving considerable attention. Portfolio Manager Denny Fish and analyst Shaon Baqui at Janus Henderson Investors have released a research note for investors, outlining the…