Author - Sequoia Direct

RBA says responsible lending dented credit growth: Aus shares 0.5% higher

14 Aug 2020 - The Australian share market opened higher following mixed leads from international markets and is tracking 0.5 per cent higher mid-session. Most of the sectors are in the green, with Information Technology and Industrials leading the charge. Credit Suisse rates AGL Energy (ASX:AGL) as an Underperform, with a decreased 12-month price target of $12.60.

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Mostly negative international leads: Aus shares to open slightly lower

14 Aug 2020 - Australian shares are poised to slide at the open after mostly lower results on Wall Street and negative leads from European markets. Reporting Season is well underway, with Iluka Resources (ASX:ILU), National Australia Bank (ASX:NAB) and Newcrest Mining (ASX:NCM) expected to release their financial results today. A subsidiary of Ricegrowers (ASX:SGL), CopRice, has penned a purchase agreement to acquire the dairy and beef business of Riverbank Stockfeeds for under $10 million.

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Evolution Mining (ASX:EVN) rewards investors as profits rise

13 Aug 2020 - Evolution Mining (ASX:EVN) has reported a 38% increase in net profit after tax to a record $301.6 million compared to $218.2 million for FY19. The mining company will pay a record final dividend for the year of 9 cents per share fully franked delivering a total FY20 dividend of 16 cents per share, a 68% increase on FY19.

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