News

The Sydney Airport Holdings Pty Ltd (ASX: SYD) share price closed on Monday trading up 33.91% to $7.78 after the company received an acquisition proposal. The offer was at a significant premium to Sydney Airport’s current share price. Will $8.25 be the highest Sydney Airport shares fly? Or will the share price continue to gain altitude? SYD share…

A few months ago, the Californian Public Utilities Commission (CPUC) passed ground-breaking regulations authorising two new programs to allow driverless ride-hailing. Whilst the world is still yet to get its head around driverless vehicles, California is miles ahead and has long been ground zero for autonomous vehicle testing for quite some time. The CPUC who…

ASX losing direction, Zip on fire, Rural expands macadamia farm It was another mixed day for the ASX 200 (ASX: XJO) on Thursday, finishing slightly higher, up 0.2%, despite a strong opening. Thursday’s gains came from the IT and consumer staples sectors, which were both over 1% higher for the day, the former driven by a large…

Strong day for the ASX, private equity buys into Challenger, NSW lockdowns continue  Every sector barring energy and industrials finished higher on Wednesday, with the ASX 200 jumping 0.9%. Buy now pay later groups were among the top performers, with Zip Co Ltd (ASX: Z1P) and Afterpay Ltd (ASX: APT) adding 6.5% and 4.5%, respectively. Challenger Financial Group (ASX: CGF) was the…

Last week Capgemini released the 25th anniversary edition of its 2021 World Wealth Report (WWR). The wealth study is considered the oldest and most-referenced wealth study that looks at global wealth in the last year and high-net-worth individual (HNWI) trends and influences from the last quarter-century. A high-net-worth individual (HNWI) is somebody with around US$1…

A recent comment from the chief investment officer of the massive CBUS industry super fund highlighted a theme that is becoming highly prevalent in the industry; the power of momentum. In an interview following what may be a record financial-year performance of around 19%, the CIO mentioned that the fund had made a $4 million…

Aussie start-up XREF (ASX:XF1) is an online candidate referencing workflow tool that allows employers to professionally conduct pre-employment reference checks on suitable candidates. Xref transforms reference-checking to add strategic value to the hiring process, while saving time and money for employers and protecting them from breaches of privacy, discrimination and reference fraud. It’s a tool…

2019-20 was a dormant year for the IPO market. Unforgiving and callous, even promising companies  with decent runs on the board were stopped dead in their tracks. Latitude Financial, Property Guru, Retail Zoo and in the US, Ferretti, and We Company, all had their IPO plans pulled. In part it was a weaker global economy,…

ASX sinks, RBA’s taper tantrum, Lew hits Myer again The ASX 200 (ASX: XJO) closed around its lows on a busy Tuesday with the long-awaited monetary policy decision released at 2pm sending the market into negative territory. Every sector barring energy, which is benefitting from an OPEC impasse, finished lower with bond proxies including communications and healthcare…

US Independence Day, mixed fortunes on the ASX, Sydney Airport takeover bid It was a rough start to the week for the ASX 200 (ASX: XJO) which opened as much as 1% higher before finishing broadly flat. Most sectors closed lower, IT and retailers were down around 1% with no overseas lead due to the US Independence Day holiday….

Shares in telecommunications giant Telstra Corporation Ltd (ASX: TLS) have long been a quintessential member of a large-cap ASX share portfolio. However, they also have a long history of destroying shareholder value – Telstra shares started trading hands on the ASX in 1997 at around $2.60 each. In other words, a 44% capital gain based on the…

If the news that annual investment returns for the next ten-or-so years will be only 1 per cent-2 per cent has not yet sunk in, then listen to this. This is a 15-minute video from Research Affiliates in the US, designed as an introductory demonstration of a free asset allocation tool for its big super…