The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 1.54% on Wednesday.
Australian Dollar ($A) (AUDUSD): 72.49US cents
Dow Jones (DJI): up 1.77%
Oil (WTI): $US54.29 per barrel
Gold: $US1,319 per ounce
ASX Sharemarket News
In ASX sharemarket news, oil and gas company Beach Energy Ltd (ASX: BPT) has released a FY19 production and capital expenditure guidance update.
In terms of production, Beach Energy increased its guidance of Million Barrels of Oil Equivalent (MMboe) to a range of between 28 to 29 compared prior guidance of 25 to 27. This came about from higher Bauer oil production, higher than expected customer gas nominations and improvement in facility reliability.
The company was also able to issue a narrower range of projected capital expenditure. It expects to spend between $450 million to $500 million. The previous guidance was for $440 million to $520 million.
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Global crowdsourcing website business Freelancer Ltd (ASX: FLN) announced record fourth quarter cash receipts of $13.3 million, which was 8% higher.
Freelancer also revealed that in the fourth quarter gross marketplace volume was $33 million, an increase of 9.5% compared to last year. The Escrow segment grew GPV to US$104 million, which represented growth of 28.2%.
For the full year, Group GPV for FY18 increased by 26% to $740.7 million and Escrow FY18 GPV increased by 30% to US$426 million.
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Debt collecting business Collection House Limited (ASX: CLH) has announced that it is acquiring New Zealand based Receivables Management Limited for NZ$14.1 million.
RML is one of the biggest three purchasers of purchased debt ledgers in New Zealand and one of the leading providers of consumer & commercial debt collection services in New Zealand. In FY20 Collection House believes RML could generate EBIT of $2.75 million (click here to learn what EBIT is).
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