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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.

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.

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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.

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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.

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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.
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