Today's ASX news
IGO (ASX:IGO) share price drops after weak FY23 update
The IGO Ltd (ASX:IGO) share price is down 5% after the company’s poor update with a hefty asset write-down.
July 17, 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 IGO Ltd (ASX:IGO) share price is down 5% after the company’s poor update with a hefty asset write-down.
The DroneShield Ltd (ASX:DRO) share price has gone bananas, it’s up 30% after an exciting announcement by the company.
In my eyes, Wesfarmers Ltd (ASX:WES) shares represent one of the best ASX 200 (ASX: XJO) dividend income opportunities.
The Netwealth Group Ltd (ASX:NWL) share price has risen more than 6% after its June update which showed good growth.
Various ASX mining shares have seen their share prices rise this morning, including the BHP Group Ltd (ASX:BHP) share price rising 1.4%.
The KMD Brands Ltd (ASX:KMD) share price has dropped around 11% after reporting a slow start to winter trading.
The RPMGlobal Holdings Ltd (ASX:RUL) share price has jumped 10% after the ASX tech share revealed a strong FY23 update.
The Fortescue Metals Group Ltd (ASX:FMG) share price is up around 1% after reports of the company’s US battery plans.
The MFF Capital Investments Ltd (ASX:MFF) share price is higher after the ASX-listed investment company (LIC) announced some FY23 numbers.
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