News

The Appen Ltd (ASX: APX) share price is well into the red today after Macquarie Group Ltd (ASX: MQG) downgraded its Appen price target from $11.80 to $9.50. Subsequently, the Appen share price has plummeted 14.43% to $9.96. It’s been quite the fall from grace for the artificial intelligence labour-hire company, with its share price now 75% below its…

Ventia Services Group (ASX:VNT) – Morningstar has given infrastructure services provider Ventia Services the thumbs-up following its recent listing on the ASX where it was downsized and re-priced at $1.70 a share due to an underwhelming response from the market. Morningstar said ‘it must have been an embarrassing circumstance for the lead managers” after the…

A time of great change is upon global markets – and the ‘winners’ that everybody is backing might not be the winners at all. It’s essentially an orthodox view among fund managers that the incumbents in any industry will “win” the transition to green energy. After all, they already have the infrastructure in place, stable…

With the country seemingly now well past Covid and its lockdowns (although the omicron variant could change things), the Australian government is finalising plans to safely reopen Australia’s international border next month. Once 80% of the population is double vaccinated, current overseas travel restrictions related to Covid-19 will be removed, allowing Australians to travel overseas….

Online retailer Kogan.com Ltd (ASX: KGN) announced at its FY21 annual general meeting on Thursday that it expects to triple sales over the next five years. The market has been unfazed so far by this ambition, with the Kogan share price down 0.79% to $8.80. Bigger and better Founder Ruslan Kogan said after 15 years of operation, Kogan is just getting…

How rare are rare earths? Despite the ‘rare’ label, rare earths aren’t particularly rare. Rare earth elements are relatively plentiful in the earth’s crust, with cerium being the 25th most abundant element at 68 parts per million. This makes it as abundant as copper. So why are they called rare? It’s all about the processing….

Alibaba (NYSE:BABA) is typically described as China’s Amazon, but it is so much more. Anyone undertaking a true analysis of the business would likely need to include Alphabet, PayPal, Microsoft and potentially even Intel in their comparison to US technology giants. The company and its distinguished founder, Jack Ma, have been somewhat of a lightning…

ASX mixed but positive, EML jumps a third, Kogan smashed It was another mixed day for the local market with the S&P/ASX200 (ASX: XJO) ultimately finishing just 0.1 per cent higher. The headline concealed an extremely varied market with the technology sector gaining 2.4 per cent after a 30 per cent spike in EML Payments (ASX: EML) but the financial sector continued to…

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…