The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today with the USA’s S&P 500 Index (.INX) rising 3.4% last Friday.

Here are the data points:

Australian Dollar ($A) (AUDUSD): 71.1 US cents

Dow Jones (DJI): up 3.29%

Oil (WTI): $US47.96 per barrel

Gold: $US1,286 per ounce

Sharemarket News

In sharemarket news, donation payment business Pushpay Holdings Ltd (ASX: PPH) announced this morning that it has achieved its cash flow breakeven target and it’s now processing over US$5 billion.

The company said that it was both EBITDAF (click here to learn what EBITDA means) (the F stands for foreign currency) and cash flow positive for the quarter ended 31 December 2018, it will have positive cash flows on an ongoing basis.

Pushpay CEO and co-founder Chris Heaslip said: “Given the strength of the underlying business, Pushpay is well positioned to capitalise on opportunities to accelerate growth, including potential acquisitions that add significant value to the current business.”


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In other news, Healius Ltd (ASX: HLS) has decided to reject the “highly conditional non-binding indication” takeover offer by Jangho. The Healius Board unanimously believes that the offer is “opportunistic and fundamentally undervalues Healius.”

The Board is confident that the number of strategic initiatives the company is undertaking will deliver significant operational improvements, which could realise value in excess of the takeover proposal.

Healius Chairman Rob Hubbard said: “We do not believe pursuing the proposal is in the best interests of shareholders other than Jangho and recommend shareholders take no action in respect of this development.”

The Environmental Group Ltd (ASX: EGL) has entered into an agreement with the administrators of RCR Tomlinson Limited (ASX: RCR) that it will buy the assets of RCR Energy Service.

The administrators have requested the purchase price be withheld until the end of January. According to the ASX announcement, RCR Energy Service generated sales of $21.5 million and $1.5 million of EBIT in FY18 (click here to learn what EBIT means).

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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).