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SETTING FIRE TO YOUR FINANCES?

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ASX 200 (XJO) To Open Lower, 3 ASX Shares To Watch

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.66% on Friday.

Australian Dollar ($A) (AUDUSD): 67.85US cents

Dw Jones (DJI): down 0.34%

Oil (WTI): $US54.50 per barrel

Gold: $US1,497 per ounce

ASX Sharemarket News

In ASX sharemarket news, Fonterra Shareholders’ Fund (ASX: FSF) has provided an update about earnings its dividend and some accounting adjustments.

In the process of doing the FY19 report, Fonterra said it became clear it needed to reduce the value of some of its assets and other adjustments, totalling $820 million to $860 million.

Fonterra said that it expects an underlying profit of 10 cents to 15 cents per share. However, after the writedowns it expects to report a loss of $590 million to $675 million – 37 cents to 42 cents per share. Therefore, Fonterra has also decided not to pay a dividend.

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Expert Interview: Magellan's Hamish Douglass

Hamish Douglass is one of Australia's top investors and founders, having co-founded Magellan - a near $9 billion business! Listen now on iTunes, SoundcloudCastbox, YouTube or Spotify.
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Nine Entertainment Co Holdings Ltd (ASX: NEC) has announced that it is attempting to take over Macquarie Media Ltd (ASX: MRN) for $275.4 million, or $1.46 cash per share.

An independent Board committee has been established by Macquarie Media to evaluate the transaction has unanimously recommended that shareholders accept the offer.

Nine CEO Hugh Marks said: “The acquisition of Macquarie Media consolidates Nine’s position as a supplier of News and Current Affairs content across all our key platforms – Television, Digital, Print and now Radio.”

Combining Nine and Macquarie Media will deliver annualised ‘synergies’ of more than $10 million according to Nine.

Popular Stories:

JB Hi-Fi Limited (ASX: JBH) has reported its FY19 result to the market. Revenue increased by 3.5% to $7.1 billion and net profit increased by 7.1% to $249.8 million.

The electronics retailer increased its dividend by 7.6% to $1.42 per share.

At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.

Afterpay, Zip Co, Sezzle…

Is BNPL the opportunity of a lifetime or is the sector a ticking time bomb?

Rask's analyst has just finished a 7,500-word report, The Ultimate BNPL Sector Report, taking a deep dive into this booming ASX sector. It shines a spotlight on each of the major players. You can get the full analyst report for FREE by CLICKING HERE NOW or entering your email below.

Note: the report is 100% free.

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Afterpay, Zip Co, Sezzle…

Is BNPL the opportunity of a lifetime or is the sector a ticking time bomb?

Rask's analyst has just finished a 7,500-word report, The Ultimate BNPL Sector Report, taking a deep dive into this booming ASX sector. It shines a spotlight on each of the major players. You can get the full analyst report for FREE by CLICKING HERE NOW.

Note: the report is 100% free.

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Keep reading:

Rask Media’s Ultimate BNPL Sector Report

Afterpay, Zip, Sezzle… is this the opportunity of a lifetime? Or is BNPL a ticking time bomb? This 7,500-word analyst report takes a deep dive into the BNPL sector and shines a spotlight on each of the major players in this booming market. 

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As we emerge from COVID-19, some tech companies are growing faster than ever. Rask’s investment analysts have identified 3 growth stocks set to benefit. Big time.

Enter your email below to access this report for free, including the names, ticker codes and analysis.

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