Monthly Archives - August 2019

ASX claws back, IT sector up 7% this week: Aus shares close 0.3% higher Friday, 1.8% up on week

23 Aug 2019 - Aussie market gains 1.8% on week as Info Tech sector rises 7%, Energy gains 5.5%. Sims Metal Management Limited (ASX:SGM) shares hit 4-week high on FY19 revenue rising. Mayne Pharma (ASX:MYX) shares hit 6-week high on gross profit up 13%. Brickworks (ASX:BKW) expands in US on another acquisition. Boral (ASX:BLD) completes exit of bricks in Australia.

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Mixed earnings see morning dip in the market: ASX tracking 0.4% higher at noon

23 Aug 2019 - The ASX opened lower following mixed leads from Wall St and is now tracking 0.4% higher at noon. Shares in pharmaceutical company Mayne Pharma (ASX:MYX) shot up 10% this morning after reporting today showing a full-year net loss of $280m. Whitehaven Coal (ASX:WHC) has entered into a binding agreement to acquire EDF Trading Australia, which owns a 7.5% interest in the Whitehaven-operated Narrabri Mine.

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Bravura Solutions see NPAT rise up 21%

23 Aug 2019 - Bravura Solutions (ASX:BVS) today announced its full-year results for the period ended 30 June 2019, showing group FY19 NPAT increased 21 per cent to $32.8 million from $27.0 million in FY18.

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Healthcare sector sees biggest gain a year: Aus shares close 0.4% higher

14 Aug 2019 - Healthcare sector sees biggest gain in a year. CSL (ASX:CSL) shares hit a new high on immunoglobulin (anti-infection) business. Pilbara Minerals (ASX:PLS) shares bounce off 2017 levels. Aussie wages price more than expected. Aveo (ASX:AOG) inks implementation for $1.3b takeover. Pact Group (ASX:PGH) swings into loss on higher costs. Tabcorp (ASX:TAH) profit up 100% on digital lotteries growth.

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Vicinity Centres halt plans to sell malls

14 Aug 2019 - Vicinity Centres (ASX:VCX) today announced its results for the 12 months to 30 June 2019, showing a net profit after tax of $346.1 million for the year, a drop from the previous year's $1.2 billion profit.

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Tatts help Tabcorp profit jump

14 Aug 2019 - Tabcorp (ASX:TAH) reports their statutory NPAT for the 12 months ending June 30th increased to $365.5 million from $28.7 million from the prior corresponding period.

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Trump’s Christmas present to the world: Aus shares 0.1% higher at noon

14 Aug 2019 - US trade rep removes items from the China tariff list including cellphones, laptops & game consoles, sending Apple's shares +4.2%. Wages rise more than expected in June Qtr. CSL (ASX:CSL) shares hit a new high on another record profit. National Australia Bank (ASX:NAB) 3Q earnings up 1% to $1.65b, in line with Citi's expectations. Dexus Property (ASX:DXS) distributions for FY19 up 5% as per guidance, FFO up 4.3%, profit dives 26%, but its shares +31%...

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