Today's ASX news
Why The Perenti (ASX:PRN) Share Price Dropped 10% Today
The Perenti (ASX:PRN) share price saw the worst decline in the ASX 200 today, dropping by 10.7% because of an attack.
November 7, 2019
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 Perenti (ASX:PRN) share price saw the worst decline in the ASX 200 today, dropping by 10.7% because of an attack.
The James Hardie (ASX:JHX) share price is up 6% after announcing its half year result.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.55% at lunch.
The Flight Centre (ASX:FLT) share price is down 4% after providing some guidance on its FY20 profit outlook.
The Zip (ASX:Z1P) share price is going nuts thanks to Amazon, it’s up around 15%.
The Xero (ASX:XRO) share price is up around 4% after releasing its FY20 half year report.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.12% on Wednesday.
NAB (ASX:NAB) has reported its FY19 result to investors this morning.
South32 (ASX:S32) announced after the market had closed that it has agreed to sell its South African energy coal assets.
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