Changes are happening - please bear with us while we update our site.

Join Free
Log in

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

Join Free
Log in

ASX 200 To Open Lower, 3 ASX Shares To Watch

The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down by 1.19% on Thursday.
Picture of Jaz Harrison

Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
More analysis

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down by 1.19% on Thursday.

Australian Dollar ($A) (AUDUSD): 68.99US cents

Dow Jones (DJI): down 1.11%

Oil (WTI): $US58.19 per barrel

Gold: $US1,284 per ounce

ASX Sharemarket News

In ASX sharemarket news, aged care business Estia Health Ltd (ASX: EHE) has provided a trading update about its full year expectations.

EBITDA, including the additional funding increasing, Royal Commission costs and so on is expected to be between $92 million to $94 million (click here to learn what EBITDA means).

If the company delivers within this range, it will be an increase of 2% to 4%, but lower than prior expectations.

[ls_content_block id=”15758″ para=”paragraphs”]

Essential software business Gentrack Group Ltd (ASX: GTK) has reported its half year result to 31 March 2019.

Gentrack reported that revenue grew by 5% to NZ$54.4 million with recurring revenue up 26% to NZ$37.7 million.

However, EBITDA declined by 19% to NZ$12.8 million  (click here to learn what EBITDA means) and net profit was down 204% to a loss of NZ$8.7 million.

Gentrack also declared a dividend of 5 NZ cents to reflect a new dividend policy of paying out at least 70% of underlying net profit.

The company is still expecting the annual FY19 EBITDA to be “marginally” ahead of FY18. Gentrack still maintains its long term 15% EBITDA growth objective because of a strong pipeline of opportunities in utilities and airport markets.

Popular Stories:

Sydney Airport Holdings Pty Ltd (ASX: SYD) gave an update about SAT1 indemnity in relation to historical investments.

Some or all of the $119.1 million non-current receivable in the 31 December 2018 Financial Report relating to the indemnity previously paid may need to be expensed and a future call on its indemnities is possible, up to a maximum of $61 million as at 30 June 2019.

[ls_content_block id=”14945″ para=”paragraphs”]

[ls_content_block id=”18380″ para=”paragraphs”]

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Access all reports now

Unsubscribe anytime. Read our Terms, Financial Services Guide, Privacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Latest stories

Free passive income report
Skip to content