ASX Growth Shares
Why the IDP Education (ASX:IEL) share price is going nuts
The IDP Education Ltd (ASX:IEL) share price is going nuts. It’s up around 30% in reaction to the FY20 result.
August 20, 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 IDP Education Ltd (ASX:IEL) share price is going nuts. It’s up around 30% in reaction to the FY20 result.
The Pro Medicus Ltd (ASX:PME) share price is down more than 5% in reaction to the company’s FY20 result.
Retail conglomerate Wesfarmers Ltd (ASX:WES) has reported a solid FY20 profit result which saw $2 billion of ordinary profit generated.
Webjet Limited (ASX:WEB) released its FY20 result after the market shut, though the Webjet share price rose 7.6% on Wednesday.
Woolworths Group Ltd (ASX:WOW) has announced an acquisition this afternoon – it’s buying a controlling stake of PFD Food Services for $552 million.
Afterpay Ltd (ASX:APT) has just released an update for its profitability for FY20. Is it time to buy shares?
WiseTech Global Ltd (ASX:WTC) shares are going bananas right now, it’s up 27% after reporting the FY20 result.
The Domino’s Pizza Enterprises Ltd. (ASX:DMP) share price is up around 8% after reporting its FY20 result to investors.
The Megaport Ltd (ASX:MP1) share price is up more than 1% today in reaction to the FY20 result (after rising 10% yesterday).
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