ASX Share Ideas
Telstra (ASX:TLS) share price drops on FY20 result
The Telstra Corporation Ltd (ASX:TLS) share price is down over 6% after Australia’s largest telco reported its FY20 result to the market.
August 13, 2020
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 Telstra Corporation Ltd (ASX:TLS) share price is down over 6% after Australia’s largest telco reported its FY20 result to the market.
SEEK Limited (ASX:SEK) shares are down 12.5% after the employment website released its FY20 result.
Magellan Financial Group Ltd (ASX:MFG) has seen its share price rise almost 3% in reaction to its FY20 report and news of new investment products.
Commonwealth Bank of Australia (ASX: CBA) has reported its result for FY20 with a dividend. Its cash profit only fell by 11.3%. The CBA share price is up 2.5%.
FINEOS Corporation Holdings PLC (ASX:FCL) has announced a US acquisition and it will do a capital raising to fund it.
Challenger Ltd (ASX:CGF) announced a painful loss in its FY20 result because of the COVID-19 market sell-off. The Challenger share price is down 3.7%.
Sydney Airport Holdings Pty Ltd (ASX:SYD) has released its HY20 report and it has announced a $2 billion capital raising.
Aurizon Holdings Ltd (ASX:AZJ) has reported its FY20 result today and announced a large share buyback worth $300 million. The Aurizon share price is down 3%.
The Kogan.com Ltd (ASX:KGN) share price will be on watch this morning after the online business revealed its July 2020 numbers.
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