Yearly Archives - 2020

Aristocrat Leisure (ASX:ALL) see revenue up 7%

21 May 2020 - Australian gambling machine manufacturer, Aristocrat Leisure (ASX:ALL) for the six month to the end of March, saw normalised profit after tax and before amortisation of acquired intangibles at $368.1 million, down 13 per cent.

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Global coronavirus cases hit a daily record this week: ASX poised to open higher

21 May 2020 - After a tech rally on US markets overnight, the ASX looks set to open higher this morning. Facebook shares surged up 6%, Amazon rose as did Apple and Google. Meanwhile, the number of newly reported coronavirus cases worldwide hit a daily record this week. Fonterra Co-operative's (ASX:FSF) profit has soared but the forecast for the farmgate milk price range has narrowed showing uncertainty about global markets.

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ASX claws back from a drop at the open: ASX closed 0.2% higher

20 May 2020 - The ASX dropped at the open then managed to claw back up to close 0.2% higher. Shares in EML payments (ASX:EML) rose today, as shares in Ausnet Services (ASX:AST) dropped. As for the sectors today Infotech led the day and Utilities fell lower. Aspen Group (ASX:APZ) has entered into a contract to acquire a partially refurbished co-living community at in Newcastle, NSW.

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Retail turnover dropped 18% in April: ASX tracking 0.2% lower at noon

20 May 2020 - The ASX is now tracking almost 0.2% lower at noon. EML payments (ASX:EML) rose today after reporting that they remain on course to deliver a solid full year result despite the pandemic. Revenue for the nine months ending March 31 was up 20%. Credit Suisse rates Abacus Property Group (ASX:ABP) as an Upgrade to an Outperform from a Neutral.

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Markets fall on doubts over Covid-19 vaccine: ASX poised to open lower

20 May 2020 - After Covid-19 vaccine hopes were questioned yesterday, US markets fell overnight. The Australian share market npw looks set to open lower this morning. Experts now say there is no real way to know how successful the vaccine could be. New Zealand’s Fletcher Building (ASX:FBU) is looking at reducing the number of people employed by 1,500.

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