Author - Sequoia Direct

Acorn Capital Investment Fund (ASX: ACQ) small cap specialist

06 May 2020 - Acorn Capital Investment Fund Ltd. (ASX: ACQ) Head of Research and Portfolio Manager for the Consumer Discretionary, Consumer Staples and Information Technology sectors, Robert Bruce talks about the listed investment company, the fund’s composition and outlook for the next 6 months and longer term.

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Morrison working to get Australia back in business: ASX poised to open lower

06 May 2020 - Despite positive leads from US markets, the ASX looks set to open lower. Prime Minister Scott Morrison spoke with state and territory leaders yesterday who agreed to take steps to get Australia back in business. Meanwhile over in Europe, Sweden, Poland, Romania and the UK are not seeing a drop in coronavirus cases. Electronic donation payment business Pushpay (ASX:PPH) report a 15% decline in NPAT by US$2.8m over the year.

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Reserve Bank of Australia holds cash rate: ASX closed 1.6% higher

05 May 2020 - It has been a mostly positive day of trade for the ASX, the local bourse managed to close 1.6% higher. Shares in Collins Foods (ASX:CKF) lifted today after they reported KFC stores in Australia continue to show improvement in sales. The energy sector led the day and healthcare came in last. NEXTDC (ASX:NXT) has successfully completed its Share Purchase Plan raising $191 million.

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Jobs fell by 7.5% between March 14 and April 18: ASX tracking 1.3% higher at noon

05 May 2020 - The Australian share market shot up at the open and continues to maintain momentum and is now tracking 1.3 per cent higher at noon. The Energy sector is topping the list so far today and healthcare coming in last. Zoono Group (ASX:ZNO) invoiced business to business (B2B) sales in excess of NZ$11.0 million (unaudited) for the month of April, 2020.

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