ASX Growth Shares
FY20 result: Temple & Webster (ASX:TPW) reveals 74% growth
Online furniture retailer Temple & Webster (ASX:TPW) has revealed huge growth in a preview of its FY20 numbers.
July 28, 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.
Online furniture retailer Temple & Webster (ASX:TPW) has revealed huge growth in a preview of its FY20 numbers.
Australian Foundation Investment Company (AFIC) (ASX:AFI) has announced its FY20 result and declared its final dividend. The AFIC share price is up 0.65%.
Sezzle (ASX:SZL) has revealed a business update for June 2020 in addition to its last announcement.
Fund manager Perpetual (ASX:PPT) has announced that it’s making a US-based acquisition for $465 million. It will use a capital raising, debt and cash to fund it.
The Bubs (ASX:BUB) share price is down 5% after announcing its FY20 fourth quarter, a global brand ambassador and a new range of products.
City Chic (ASX:CCX) shares have gone into a trading halt so it could announce a capital raising, an acquisition and it released some FY20 numbers.
Milton (ASX:MLT), the listed investment company (LIC), announced its FY20 result and cut its dividend. The Milton share price is currently flat in reaction.
Vicinity Centres (ASX:VCX) has announced that its portfolio has suffered a net valuation decline of 11.3% at June 2020. The Vicinity share price is down 2.5%.
IAG (ASX:IAG) has released a preview of its FY20 result and it has also cancelled its final dividend.
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