The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 0.77% on Wednesday.
Australian Dollar ($A) (AUDUSD): 70.34US cents
Dow Jones (DJI): up 0.93%
Oil (WTI): $US57.29 per barrel
Gold: $US1,417 per ounce
ASX Sharemarket News
In ASX sharemarket news, cloud accounting software business Class Ltd (ASX: CL1) has announced its update for the June 2019 quarter.
Class announced a number of appointments. Dan Coutts is the new Chief Technology Officer, Jason Wilson is the new Chief Product and Marketing Officer and James Delmar has been appointed the new Chief Sales Officer.
The company said that total accounts increased by 2,461 to 179,082 over the June 2019 quarter and total Class customers increased by 39 to 1,545. Class Super grew by 1,787 accounts (net of around 300 AMP Limited (ASX: AMP) suspensions) and Class Portfolio grew to 7,635 accounts.
Class also reminded investors of its Philo Capital Advisers investment, a leader in the managed discretionary account sector.
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Pushpay Holdings Ltd (ASX: PPH) announced that it has completed a NZ$45.3 million bookbuild for Chris Heaslip selling down some of his shares, 12.24 million, at the clearing price of NZ$3.70 per share.
The company said that the book was oversubscribed and subject to scaling. The sale will occur on 9 July 2019. There were bids from 13 institutional investors across New Zealand, Australia, Hong Kong and the US.
Pushpay CEO Bruce Gordon said: “We are pleased to see the continued strong support for our Company in the market. The transaction attracted interest from a number of high-quality institutional investors and demonstrates that Pushpay’s business proposition and exciting future prospects continue to resonate with investors.”
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Investors could put Woolworths Group Ltd (ASX: WOW) under the spotlight again today with the supermarket company wanting to sell its Dan Murphy’s drinks division and its hotel business. Some market commentators have said that investors may not want to buy into an alcohol and pokies businesses for ESG (Environmental, Social, and Governance) reasons.
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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.