Today's ASX news
The Nick Scali (ASX:NCK) Share Price Is Being Dumped
The share price of Nick Scali Limited (ASX:NCK) is swiftly down around 20% after the company announced a negative trading update.
October 15, 2019
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 share price of Nick Scali Limited (ASX:NCK) is swiftly down around 20% after the company announced a negative trading update.
The Retail Food Group Limited (ASX:RFG) share price is down 17% after announcing a large capital raising.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.04% at lunch.
Telstra Corporation Ltd (ASX:TLS) is currently holding its annual general meeting (AGM), is its share price a buy?
The Southern Cross Media Group Ltd (ASX:SXL) share price is down 22% in early trading after it gave a trading update.
In my opinion, the best way to beat the share market’s average return over the long term is to invest in good ASX growth shares.
Newcrest Mining Limited (ASX:NCM) shares will be on watch this morning after it announced news about its Cadia Expansion Project.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.14% on Monday.
Pioneer Credit Limited (ASX:PNC) shares are still in a trading suspension, but the company has announced a very promising update.
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