Did you know that ASX companies typically provide an update twice a year to keep the market informed of their progress?
Kinda like a school report, but with a lot more scrutiny, and many more people getting frustrated if you get an F.
Plus, most of these companies will be in your ASX200 ETFs, so it’s a great episode whether you’re an active investor or not!
ASX reporting season is over for another six months, so Kate & Owen discuss what’s going on with 10 quality Australian companies.
This episode includes ARG, SQ2, WES, COH, NAN, PLS, QAN, REA, COL & SEK.
What is a Listed Investment Company (LIC)?
A LIC is an investment company that manages money for its shareholders. Investors can buy shares in the LIC, which manages the pool of money that was invested by its very first investors.
What is a CDI?
CDI = CHESS Depository Instrument
From ASX: A CDI is a financial product which is a unit of beneficial ownership in an underlying financial product which is quoted on the ASX market. A CDI confers a beneficial interest in the underlying financial product to which it relates.
