Today's ASX news
Galaxy (ASX:GXY) Just Wrote Off At Least $150 Million, How Will The Shares React?
The Galaxy Resources Limited (ASX:GXY) share price could come under pressure after announcing a large writedown.
August 7, 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 Galaxy Resources Limited (ASX:GXY) share price could come under pressure after announcing a large writedown.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 1.30% on Tuesday.
Commonwealth Bank of Australia (ASX:CBA) has reported its FY19 result to the market, is the share price a buy?
The Rural Funds Group (ASX:RFF) share price fell over 40% and then went into a trading halt.
The Altium Limited (ASX:ALU) share price is dropping heavily, is it now cheap?
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 2.52% at lunch.
The Magellan Financial Group Ltd (ASX:MFG) share price is down 4.6% in early trade this morning, here’s why.
BWP Trust (ASX:BWP) has reported its FY19 result to investors which includes a special distribution for investors.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 2.98% on Monday.
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