Consumer staples
Why the Costa (ASX:CGC) share price is plunging
The Costa Group Holdings Ltd (ASX:CGC) share price has plunged around 20% in early trading after an update given at its AGM.
May 27, 2021
Big money is not in the buying or selling, but in the waiting.
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
The Costa Group Holdings Ltd (ASX:CGC) share price has plunged around 20% in early trading after an update given at its AGM.
The Volpara Health (ASX:VHT) share price is under scrutiny after reporting its FY21 result, showing a big increase in subscription revenue.
The Fisher & Paykel Healthcare Corp Ltd (ASX:FPH) share price is on watch after reporting a high level of profit growth in its FY21 result.
The Ramsay Health Care Limited (ASX:RHC) share price is on watch after announcing a UK acquisition called Spire Healthcare Group (LON:SPI).
If I had $3,000 sitting in my brokerage account, then I’d have three ASX shares in mind that I’d love to buy for my portfolio.
The Australian Ethical Investment Limited (ASX:AEF) share price is in focus today after giving guidance for FY21.
The Fletcher Building Limited (ASX:FBU) share price could rise today in response to a strong update from the property business.
The Link Administration Holdings Ltd (ASX:LNK) share price is under the spotlight today after giving an update from PEXA.
The Straker Translations Ltd (ASX:STG) share price is up more than 12% after reporting its FY21 result with growth expected in FY22.
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