Consumer staples
Coles (ASX:COL) share price soars 7% on HY24 result, Q3 sales
The Coles Group Ltd (ASX:COL) share price has jumped 7% after a strong Q3 update from the supermarket company.
February 27, 2024
Big money is not in the buying or selling, but in the waiting.
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
The Coles Group Ltd (ASX:COL) share price has jumped 7% after a strong Q3 update from the supermarket company.
The Woodside Energy Group Ltd (ASX:WDS) share price is up 1% after announcing its FY23 result which saw a big drop of profit.
The Adairs Ltd (ASX:ADH) share price has soared more than 11% after reporting a promising FY24 first-half result.
The Kogan.com Ltd (ASX: KGN) share price has jumped 19% as investors reacted positively to the FY24 first-half result.
The Aussie Broadband Ltd (ASX:ABB) share price is up more 16% after ASX telco share’s solid HY24 result and upgraded guidance.
The Accent Group Ltd (ASX:AX1) share price is in focus, it has reported a large drop of net profit in its FY24 first-half result.
The Qantas Airways Limited (ASX:QAN) share price fell 5% after profit fell in the FY24 first half result and it announced a new buyback.
The Lovisa Holdings Ltd (ASX:LOV) share price has jumped 10% in response to an impressive HY24 result, with a bigger dividend.
The Fortescue Ltd (ASX:FMG) share price is higher after revealing an impressive HY24 report.
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