ASX 200 (XJO) 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 0.26% on Friday.

Australian Dollar ($A) (AUDUSD): 68.55US cents

Dow Jones (DJI): up 0.02%

Oil (WTI): $US57.24 per barrel

Gold: $US1,459 per ounce

ASX Sharemarket News

In ASX sharemarket news, SKY Network Television (ASX: SKT) has announced that it has secured the broadcast rights for the 2022 and 2026 Commonwealth Games.

Sky CEO Martin Stewart said: “As the Home of Sport, being able to showcase New Zealanders competing on the world stage in the Commonwealth Games and Olympic Games is incredible important to us.

It is our privilege to have the Summer, Winter and Youth Olympic Games, and we’re delighted to now have the Commonwealth Games returning to Sky and Prime. 

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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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According to the Australian Financial Review’s Street Talk, EML Payments (ASX: EML) is going to raise $250 million from investors for fund an offshore acquisition.

The target is Ireland-based Prepaid Financial Services for a total cost of $420 million. It’s one of the country’s biggest issuers of payment cards with activities in 25 countries and 23 currencies.

Money will supposedly be raised by the company at $3.55 per share, compared to the pre-open share price of $3.83.

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Domain (ASX: DHG) has announced it’s acquiring Bidtracker Holdings, which operates Real Time Agent, for $19.4 million upon completion. There’s a maximum payment of $35 million if the company achieves 200% of the business plan.

Real Time Agent is an Australian point of sale for digitises key steps in the property journey like agency agreements, auctions and contracts.

Domain CEO and Managing Director Jason Pellegrino said: “The Real Time Agent products save agents significant admin time – up to four hours per transaction – and reduce back-office costs and paperwork, as well as improving accuracy and compliance.”

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

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