Site menu

Search by ticker code:
Generic filters


Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

ASX 200 To Open Higher, 3 ASX Shares To Watch

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up by 0.46% on Friday.

Australian Dollar ($A) (AUDUSD): 71.08US cents

Dow Jones (DJI): up 0.15%

Oil (WTI): $US63.38 per barrel

Gold: $US1,292 per ounce

ASX Sharemarket News

In ASX sharemarket news, New Zealand company Infratil Ltd (ASX: IFT), which provided investment valuations and an FY19 earnings guidance update.

The Kiwi business outlined that its Canberra Data Centres has a draft valuation range of NZ$841 million to NZ$942 million, Longroad Energy’s draft valuation is NZ$128 million and Tilt Renewables draft valuation range is NZ$650 million to NZ$785 million.

Infratil also advised that its underlying EBITDAF (click here to learn what EBITDA means) had been revised down from a range of NZ$580 million to NZ$620 million, to NZ$535 million to NZ$545 million.

[ls_content_block id=”15758″ para=”paragraphs”]

Financial technology business Praemium Ltd (ASX: PPS) will be under the spotlight this morning after it announced some good news and bad news.

The investment administration, managed account and financial planning technology platform company said that it has lost ANZ Private as a client, which currently accounts for 8% of revenue, or $4 million in 2018.

However, Praemium also said that during this year there was the renewal of the contract with Asgard Capital Management for up to six years with a minimum contract value of $3 million per year.

It also said that Morgan Stanley Wealth Management Australia and Shaw & Partners are now utilising all of the products of its fully integrated Managed Accounts platform.

Popular Stories:

iCar Asia Ltd (ASX: ICQ) has announced that its first quarter cash receipts grew by 25% to $3.8 million compared to the previous year’s first quarter.

Unaudited revenue grew by 30% to $2.6 million. Malaysia and Thailand produced record positive EBITDA and net cashflow in the first quarter.

[ls_content_block id=”14945″ para=”paragraphs”]

[ls_content_block id=”18380″ para=”paragraphs”]

$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.

Skip to content