Today's ASX news
Magellan (MFG) announces strong FY20 with June FUM
The Magellan (ASX:MFG) share price is up more than 4% after announcing its June 2020 FUM and the performance fees for FY20.
July 7, 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.
The Magellan (ASX:MFG) share price is up more than 4% after announcing its June 2020 FUM and the performance fees for FY20.
The Sezzle (ASX:SZL) share price is going nuts, it’s up 17.7% after giving an update for the June 2020 quarter update.
The Afterpay (ASX:APT) share price is in a halt after announcing a number of things about FY20 and launching a capital raising.
Could cloud accounting software business Xero (ASX:XRO) be the best ASX tech share to own?
The Afterpay (ASX:APT) share price is up after announcing a deal with Qantas (ASX: QAN) frequent flyer.
Event (ASX:EVT) has released an update to the market. Was it good viewing for shareholders?
Westpac (ASX:WBC) has joined the list of ASX businesses that (inadvertently) underpaid staff recently.
Pointsbet (ASX:PBH) shares are currently up more than 3% after announcing some news today.
Cochlear (ASX:COH) shares are up 3% after making a positive announcement regarding FDA approval.
Want to level-up your analytical skills and investing insights but don’t know where to start? Join 50,000 Australian investors on our mailing list and we’ll send you our favourite podcasts, courses, resources and investment articles every Sunday morning. Grab a coffee and let Owen and the team bring you the best insights.
