Reporting Season 2025
Myer (ASX:MYR) share price sinks 11% on weak FY24 result
The Myer Holdings Ltd (ASX:MYR) share price is down 11% after the retailer reported its FY24 result to the market.
September 20, 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 Myer Holdings Ltd (ASX:MYR) share price is down 11% after the retailer reported its FY24 result to the market.
The Sims Ltd (ASX:SGM) share price is up 13% after the metal business gave a promising trading update for FY25.
Overnight, the US Federal Reserve decided to take the major step of cutting its interest rate by 0.5%. What does this mean for ASX shares?
The Harvey Norman Holdings Limited (ASX: HVN) share price is down after being served with a surprise class action.
The Xero Ltd (ASX: XRO) share price is up around 2% after the ASX tech share revealed a South Africa software acquisition.
The New Hope Corporation Ltd (ASX:NHC) share price jumped more than 2% after reporting a difficult FY24 result.
The Telstra Group Ltd (ASX:TLS) share price could be an appealing buy for a few different reasons, including operating leverage.
The Austal Ltd (ASX:ASB) share price is up around 9% after reporting an exciting US navy-related contract.
The Metcash Ltd (ASX:MTS) share price is under the spotlight after the company gave a trading update in FY25.
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