News

Block (ASX:SQ2), the purchaser of Afterpay, has finally landed on the ASX. The shares (actually CHESS depositary instruments, or CDIs) started trading last Friday on a deferred settlement basis. This is the endgame of the process that began last August, when Block (then named Square, Inc.) and Afterpay announced the agreed takeover of Afterpay by…

Australia’s very own home-grown semiconductor company, BrainChip Holdings (ASX:BRN), has more than doubled in price in 2022 so far, as investors lap-up news including that of a new US patent, the eighth patent the company has secured since 2008.  BrainChip bills itself as the world’s first and only commercial producer of neuromorphic artificial intelligence chips….

The Wesfarmers Ltd (ASX: WES) share price has fallen to around a six-month low. Is it now too cheap to ignore?  Is the Wesfarmers share price an opportunity?  One of the strategies that some investors like to use is “buy the dip.” It obviously makes sense that a lower price is more attractive than a higher price.  We don’t…

To say the last quarter of 2021 was eventful would be an understatement. Quality continues to pay off for patient investors, as does traditional ‘value’ seeking behaviour. In this article, we provide a short update on some of the ASX’s most popular stocks. ANZ – Fourth largest bank, institutional banking focus 1.4% 30.8% ANZ underperformed…

Leading independent, full-service financial services firm, Canaccord Genuity, has released its “Top Australian Stock Picks for 2022”. The publication is a collection of Canaccord’s top 26 stock picks across a diverse group of sectors including Metals and Mining, EV Materials, Energy, Mining Services, Sustainability, Software and Services, Internet, Telecommunications, Retail, Beverages, Health Care and Wealth…

Everyone involved in the share market understands – or should understand – that pricing an initial public offering (IPO) is not an easy task. The underwriters or lead managers are trying to ascertain what the market will pay: they will test the marketability of the company by discreetly querying major investors on how much they…

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…

Subscribers to the IPO of salary-advance fintech Beforepay (ASX: B4P) were left in shock following the company’s 40% tumble within the first hours of trade. Shares fell from the listing price of $3.41 to $2.20 by mid-afternoon, crushing any hopes of instant stock market success to become the next generation lender. BeforePay is a pay-on-demand…

Megaport Ltd (ASX: MP1) shares have fallen 12% in morning trade after providing a second-quarter business update. Today’s selling in the cloud infrastructure provider has been amplified by a broader tech sell-off on the NASDAQ 100 overnight, which fell 2.57%. Annualised revenue now $110 million Key financial highlights from the second quarter (Q2) ending December 31 include: Monthly recurring revenue…

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…