Consumer staples
Why a delay is hurting the Coles (ASX:COL) share price
The Coles Group Ltd (ASX:COL) share price is down more than 1% after it revealed a delay with its new distribution centres.
August 18, 2023
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 is down more than 1% after it revealed a delay with its new distribution centres.
The Magellan Financial Group Ltd (ASX:MFG) share price has jumped 15% after the fund manager revealed its FY23 result and a special dividend.
The Latitude Group Holdings Ltd (ASX:LFS) share price faces scrutiny after the ASX share announced its HY23 result.
The Sonic Healthcare Ltd (ASX:SHL) share price is down 5% after the business announced its FY23 result and gave FY24 guidance.
The Super Retail Group Ltd (ASX:SUL) share price has risen after announcing its FY23 result, revealing resilient numbers.
The Telstra Group Ltd (ASX:TLS) share price is in focus after the ASX telco share announced its FY23 result to the market.
The Bapcor Ltd (ASX:BAP) share price has risen 6% after reporting its FY23 result to investors, showing mixed results.
The Endeavour Group Ltd (ASX:EDV) share price is down 2% after reporting its FY23 result which showed earnings growth.
The Transurban Group (ASX:TCL) share price is in focus after the toll road business reported its FY23 result.
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