Search ASX code:
Generic filters

Search ASX code:
Generic filters

Search ASX code:
Generic filters

Want to invest ethically for a brighter future?
(but still make lots of money)?

Want to invest ethically for a brighter future? (but still make lots of money)?

 Take Rask’s FREE Ethical Investing course today.

  • Online & 100% free
  • ETFs, shares & Super
Want to invest ethically for a brighter future? 
(but still make lots of money)?

 Take Rask’s FREE online Ethical Investing course.

ASX 200 Wednesday – Computershare, RPMGlobal & Newcrest update

The S&P/ASX 200 (ASX: XJO) is expected to trade up Wednesday with the Sydney Futures Exchange pointing to a positive open following strong gains on US markets overnight.

Making investment headlines today is Newcrest Mining Limited (ASX: NCM), RPMGlobal Holdings Ltd (ASX: RUL) and Computershare Limited (ASX: CPU).

Video: the ASX 200 explained

If you need to scrub up on your knowledge of the markets, watch the free video above or take a free course on Rask Education. Click here to enrol in a free investing or finance course.

ASX News Today

1. Newcrest Mining Limited

Newcrest is the largest gold producer listed on the Australian Securities Exchange and one of the world’s largest gold mining companies. As of 2020, its major operations in New South Wales’ Cadia Valley, Telfer in Western Australia, and Lihir in Papua New Guinea (PNG).

In an update to the ASX this morning, the ASX’s largest gold mining company provided an exploration and guidance update at its Havieron project and updated FY20 guidance following the sale of the Gosowong project.

“I am extremely pleased with these high grade drill results which validate the potential that we saw in both Red Chris and Havieron,” Newcrest CEO Sandeep Biswas said.

“These grades are amongst the most impressive seen in recent history and we are very excited about the potential to bring these ounces into production as soon as possible.”

Looking towards the full year Newcrest expects to produce between 2,100 and 2,200 thousand ounces of gold. This updated guidance reflects the commercial production efforts at Fruta del Norte and Lihir.

2. RPMGlobal Holdings Ltd

RPMGlobal is an IT company within the mining industry that has traditionally provided advisory services and technical support in regards to mine preparation and planning. Questions of where, when and how to dig are the types of questions RPMGlobal’s technical consultants and mining software addresses when dealing with miners looking to extract their commodity in the most efficient way possible.

Today, RPMGlobal provided an update on its subscription sales to mining clients by saying it has now achieved total contracted value (TCV) of $25.4 million, an increase of $3.9 million on the number announced to the market in February.

The company said this puts it on track for $11.4 million of annualised recurring revenue (ARR) from software subscriptions.

The company will now only update the market if or when TCV is greater than $30 million.

3. Computershare

Computershare is best known for its share registry services and employee share plans, but also provides mortgage services. It was founded in Melbourne in 1978 and has now become a global business with over 75 million customer records and 12,000 staff.

Australia’s largest sharemarket registry and administration company today revised its 2020 profit guidance.

In its statement to investors, Computershare said it expects to report “management EPS” (earnings per share) down 15% in FY20 versus FY19 (PCP). While the company had been expecting a 5% decline year over year, the recent cut to interest rates in the US and Canada have tempered expectations.

“Trading results for the group were strong in January and February with Management EPS growth of 8% versus the PCP,” Computershare CEO Stuart Irving said.

“This gave us confidence in achieving the guidance for the year which we gave in February. However, we are now being impacted by recent interest rate changes and are therefore revising earnings guidance for FY20.”

Want to hear from Australia’s leading investors? Yesterday, Matt Joass of Maven Funds Management provided Rask Media readers with some key tips for finding Australia’s next “monster” stocks. Click here to read Matt’s analysis.

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.

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

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.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

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. 

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

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.