Monthly Archives - January 2020

Webjet (ASX:WEB) shares continue to slide: ASX closed 0.3% lower

30 Jan 2020 - It has been a mostly negative day of trade for the ASX closing 0.3% lower. Webjet (ASX:WEB) shares continue to slide after they issued a statement yesterday to "clarify inaccuracies" from an analyst report as to how Webjet acquires traffic and the impact of Google Flights on that traffic acquisition. Saracen Mineral Holdings (ASX:SAR) has sold its 10.5% interest in Red 5 (ASX:RED) for approximately $39 million.

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Orocobre (ASX:ORE) report challenging market conditions

30 Jan 2020 - Orocobre (ASX:ORE) released their December quarter key highlights showing the Olaroz Lithium Facility responded to challenging market conditions by reducing operating costs 16% quarter on quarter (QoQ) and achieving a gross margin of 24% to retain positive operational cashflow.

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Nearmap (ASX:NEA) slashes guidance

30 Jan 2020 - Aerial imagery technology and location data company Nearmap (ASX:NEA) reports that its annualised contract value (ACV) grew by 23 per cent on the prior corresponding period to $96.6 million during the first half of FY 2020.

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Facebook shares fell over 7% after 4Q results: ASX poised to open flat

30 Jan 2020 - Following soft leads from US markets, the ASX looks set to open flat this morning. Over in the US, Facebook shares fell as much as 7% yesterday after the company reported rising costs and expenses in its fourth-quarter earnings. PainChek (ASX:PCK), an app for pain management, now has two granted patents, a US patent and a Japanese patent.

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oOh!media (ASX:OML) shares fell as CEO plans to step down: ASX closed 0.5% higher

29 Jan 2020 - It has been a positive day of trade for the ASX the local bourse managed to close 0.5% higher. oOh!media (ASX:OML) shares dropped today after announcing Managing Director & CEO Brendon Cook will step down this year. American investment firm Starwood Capital Group is set to make a $485 million all-cash offer for Australian Unity Office Fund (ASX:AOF).

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