The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 0.03% on Wednesday.
Australian Dollar ($A) (AUDUSD): 68.30US cents
Dow Jones (DJI): up 0.13%
Oil (WTI): $US58.22 per barrel
Gold: $US1,494 per ounce
ASX Sharemarket News
In ASX sharemarket news, ELMO Software Ltd (ASX: ELO) has announced that it has completed its $55 million capital raising and the secondary selldown for long term shareholders.
The $55 million raising was down at a share price of $6, a discount of 8% to the last closing share price.
ELMO’s pre-IPO shareholders sold shares worth around $35 million. Next comes a share purchase plan for regular investors to apply for up to $30,000. A maximum of $5 million will be raised here.
ELMO CEO Danny Lessem said: “We are very pleased with the level of institutional support for the raising both from existing and new shareholders, and we welcome our new shareholders to our register. We look forward to the next phase of the company’s growth with their support.”
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Brickworks Limited (ASX: BKW) has reported its full year result this morning.
Total revenue from continuing operations increased by 17% to $919 million, underlying EBITDA (click here to learn what EBITDA means) increased by 12% to $346 million and underlying net profit rose by 4% to $234 million.
However, statutory net profit fell 12% to $155 million due to significant items. The Brickworks Board decided to increase the final dividend by 6% to 38 cents per share, bringing the full year dividend to 57 cents per share – also an increase of 6%.
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Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) has also reported its result this morning.
Group regular net profit was down 7.2% to $307 million due to difficulties at Round Oak Minerals. However, regular cashflow from operations increased by 18% and the pre-tax value of the portfolio grew by 0.6% to $5.47 billion.
As expected, WHSP increased its final dividend by 1 cent per share, meaning the full year dividend increased by 2 cents to 58 cents, or 3.6%.
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Disclosure: Jaz owns shares of Washington H. Soul Pattinson and Co. at the time of writing, but this could change at any time.
