Site menu

Search by ticker code:
Generic filters

Menu

Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

S&P/ASX 200 News Monday, Royal Commission Rolls On

Enjoy a turmeric latte as you digest today's headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles.

Enjoy a turmeric latte as you digest today’s headlines from the S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) and Australian finance circles.

First, here are the data points:

Australian Dollar ($A) (AUDUSD): 71.50 US cents

Dow Jones (DJI): flat

Oil (WTI): $US68.90 per barrel

Gold: $US1,199 per ounce

Australian Investing News

[emaillocker]

Round 6 of the Royal Commission hearings into the insurance sector continue this week, the final week for insurers to front-up for poor practices. Super funds like Rest; banks such as AMP Limited (ASX: AMP) and Suncorp Group (ASX: SUN); and insurers TAL, Freedom Insurance and AIA have already felt the heat of the Commission’s spotlight.

National Australia Bank Ltd. (ASX: NAB) was also in the limelight for all the wrong reasons last week before it ‘decided’ to put customers first and keep mortgages interest rates on hold.

Then, on Friday, Australia and New Zealand Banking Group (ASX: ANZ) updated the market on ASIC’s intention to pursue the bank for a share sale. ANZ’s statement read:

“The Australian Securities and Investments Commission (ASIC) has advised ANZ it has commenced civil penalty proceedings against the bank for failing to comply with its continuous disclosure obligations.”

ANZ had disclosed the matter a few months ago. As Rask Media revealed at the time:

“The CDPP [Commonwealth Director of Public Prosecutions] alleges ANZ was knowingly concerned in alleged in cartel conduct by the joint lead managers of ANZ’s underwritten Institutional Equity Placement of approximately 80.8 million shares in August 2015.”

In sharemarket news today, Tilt Renewables Ltd (ASX: TLT) has instructed its investors to reject the takeover offer put forward by Infratil Ltd (ASX: IFT) and Mercury Limited (ASX: MCY).  Tilt Renewables Chair Fiona Oliver said the offer of $2.30 per share is “significantly below the Independent Adviser’s valuation range of $2.56 to $3.01 per share.”

Oliver added, “Tilt Renewables is extremely well positioned to be a significant part of, and benefit from, the global push towards renewable energy and reducing carbon emissions.”

Finally, Collection House Ltd (ASX: CLH) announced the appointment of two new directors, Sandra Birkensleigh and Catherine McDowell, and Chairman Leigh Berkley has committed to relocating from the UK to Australia.

In addition, Collection House said Managing Director Anthony Rivas, “proposes to forego entitlement to 2m performance rights as a demonstration of his commitment to shareholders, and wishes to stay longer than his three-year term.”

“With Collection House well positioned for the next chapter of its evolution, now is the ideal time for a strengthened Board to guide our talented management team as we deliver on our sustainable growth strategies,” Mr Berkley said.

[/emaillocker]

The Best* Finance Podcast On Earth

The Rask Group’s Australian Investors Podcast is fast becoming Australia’s #1 podcast for serious investors. It provides unique insights from Australia’s best investors, entrepreneurs, authors and financial thinkers. Download the latest episode free on iTunes,  CastboxYouTube or wherever you choose to listen.

Here’s a timeless interview with leading stockbroker, Charlie Aitken.

*As voted by us

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

5%+ in passive income

Owen Rask’s investing report available

With bond ETFs like ASX:IAF and the S&P 500 riding high, now could be one of the best times to start earning passive income from a portfolio of shares and ETFs.

In this free analyst report, our Chief Investment Officer, Owen Rask, names 10 ASX stocks and ETFs to watch.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Skip to content