The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 1.09% on Wednesday.
Australian Dollar ($A) (AUDUSD): 68.47US cents
Dow Jones (DJI): down 1.23%
Oil (WTI): $US57.96 per barrel
Gold: $US1,416 per ounce
ASX Sharemarket News
In ASX sharemarket news, gold miner Resolute Mining Limited (ASX: RSG) announced that it’s going to acquire Toro Gold for US$274 million, a private low-cost producing gold mine in “mining-friendly” Senegal.
In 2018 it produced 157,000 ounces of gold at an all-in sustaining cost (ASIC) of US$655 per ounce.
The acquisition should provide immediate strong cashflow and the company has revised its FY19 guidance to 400,000 ounces at an ASIC of US$960 per ounce.
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Global fund management business Janus Henderson Group (ASX: JHG) released its second quarter result yesterday evening.
Compared to the second quarter of 2018, Janus Henderson’s average assets under management (AUM) fell 3% to US$357.7 billion, total revenue fell by 19% to US$535.9 million, operating income declined by 32% to US$118.5 million and US Generally Accepted Accounting Principles (GAAP) profit per share (EPS) fell 20% to $0.56.
Sadly for the company, it experienced net outflows of US$9.8 billion for the quarter, which was offset by strong performing markets.
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Large global shopping centre business Unibail-Rodamco-Westfield (ASX: URW) has reported its half year result.
Net rental income grew by 35.9% to €1.25 billion, however like for like growth was 3.3%, which is still solid in my opinion.
URW CEO Christophe Cuvillier said: “We are making significant progress in executing on our strategic objectives of Concentration, Differentiation, and Innovation, with very strong tenant sales growth in Europe and the US, the disposal of €3.2 billion of assets above book value over the past 12 months and multiple openings of restaurants, leisure concepts and Digital Native Vertical Brands across our portfolio.”
The business has increased its 2019 adjusted recurring earnings per staple share by an additional €0.30 to between €12.10 to €12.30.
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