Today's ASX news
Virgin (ASX:VAH) reveals its rescue plan, 3,000 job cuts
Virgin (ASX:VAH) has announced its plan on how to turn the business around after administration.
August 5, 2020
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.
Virgin (ASX:VAH) has announced its plan on how to turn the business around after administration.
Telstra (ASX:TLS) has announced a $417 million asset sale of its Clayton data centre to Centuria Industrial REIT (ASX: CIP).
We’re just getting into the swing of things for with reporting season for ASX shares. There are a few things I’m looking out for.
Buy now, pay later business Afterpay (ASX:APT) announced that it has finished its capital raising. The Afterpay share price is up more than 5% this morning.
Wesfarmers (ASX:WES) has announced what the trading restrictions in Victoria mean for its operating businesses.
Magellan (ASX:MFG) shares are down after announcing a proposal to restructure its global equities retail funds.
There are some ASX shares that I’d buy for my portfolio in August 2020. Investors need to tread carefully at the moment due to COVID-19.
Tabcorp (ASX:TAH) has announces some expected FY20 profit numbers and also revealed an impairment charge of at least $1 billion.
Amazon.com Inc (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL), Facebook Inc (NASDAQ:FB) and Alphabet Inc (NASDAQ GOOGL) all reported. Are they unstoppable businesses?
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