The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down by 1.19% on Thursday.
Australian Dollar ($A) (AUDUSD): 68.99US cents
Dow Jones (DJI): down 1.11%
Oil (WTI): $US58.19 per barrel
Gold: $US1,284 per ounce
ASX Sharemarket News
In ASX sharemarket news, aged care business Estia Health Ltd (ASX: EHE) has provided a trading update about its full year expectations.
EBITDA, including the additional funding increasing, Royal Commission costs and so on is expected to be between $92 million to $94 million (click here to learn what EBITDA means).
If the company delivers within this range, it will be an increase of 2% to 4%, but lower than prior expectations.
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Essential software business Gentrack Group Ltd (ASX: GTK) has reported its half year result to 31 March 2019.
Gentrack reported that revenue grew by 5% to NZ$54.4 million with recurring revenue up 26% to NZ$37.7 million.
However, EBITDA declined by 19% to NZ$12.8 million (click here to learn what EBITDA means) and net profit was down 204% to a loss of NZ$8.7 million.
Gentrack also declared a dividend of 5 NZ cents to reflect a new dividend policy of paying out at least 70% of underlying net profit.
The company is still expecting the annual FY19 EBITDA to be “marginally” ahead of FY18. Gentrack still maintains its long term 15% EBITDA growth objective because of a strong pipeline of opportunities in utilities and airport markets.
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Sydney Airport Holdings Pty Ltd (ASX: SYD) gave an update about SAT1 indemnity in relation to historical investments.
Some or all of the $119.1 million non-current receivable in the 31 December 2018 Financial Report relating to the indemnity previously paid may need to be expensed and a future call on its indemnities is possible, up to a maximum of $61 million as at 30 June 2019.
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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).
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.