How could the ASX attract more new listings? That is a question many local investors are pondering, and no doubt the ASX executives are too. Of course, their paycheque are in play, but the problem is one for the broader Australian investment ecosystem.
In September 2024, the total number of companies fell below 2000 for the…
Blue Chip Stocks
4 WiseTech directors quit en masse this morning, and that was just the start of the bad news facing the company this morning just 2 days before it is due to release its annual results.
A recap of the WiseTech saga
Before we outline what happened today, let's bring investors up to speed to help newcomers…
The $2.7bn Domain takeover bid stole the headlines today. Shares in Domain (predictably) surged from their $3.13 close the day before to match the $4.20 bid and more. Shares in major shareholder Nine Entertainment (ASX:NEC) increased as well, whilst shares in rival Rea Group (ASX:REA), which owns realestate.com.au, fell 10%.
The specifics of the Domain takeover…
Some investors are worried that Peter Dutton wants to break up insurers. Not just because he is in with a chance at the forthcoming federal election, but his ambitions appear legitimate. You cannot say at least some investors are worried - Suncorp (ASX:SUN) fell over 20% in a single day earlier this week. How legitimate…
Chemist Warehouse is now ASX listed - 14 months since the plan to list was first unveiled. Australia's largest pharmacy chain had long been mulled as an IPO candidate. But - with IPO conditions less than ideal - it chose to list via a reverse takeover of Sigma Healthcare (ASX:SIG). The irony is that despite…
Nick Scali (ASX:NCK) is the second company we've written about this week that is trying to expand into the UK.
Nick Scali has doubled in the last 5 years, and a big part of this growth can be attributed to the furniture boom during the pandemic. Its sales have doubled from ~$250m to ~$500m in that…
How much longer will Star Entertainment stay afloat? By now it seems a fait accompli that Star Entertainment (ASX:SGR) will collapse - it is question of when and not if. It had a cash balance of $79m as at the close of CY24, is burning through $50m every month, its debtors have had a gutful…
How Qantas Frequent Flyer makes money is a key question any investors looking at or invested in Qantas should ask. During the pandemic, it played a major role in keeping the airline afloat as revenues from points kept coming in. Consider that in FY20 during pandemic shutdowns, Qantas Loyalty made a $341m profit (down just…
Will the RBA cut rates in February? That's the question on everyone's minds. The board will hold its first meeting for the year on February 17-18 and everyone wants to know if a rate cut will happen. Only time will tell. There are also some important metrics to be released in the next month including…
Australia has a Productivity Problem...so we're told. But as much as we hear it, we rarely hear the magnitude of the problem and what it all means for you? It is easy to think of productivity as doing more work with the same hours. That's kind of true for individual workers, but it is millions…
