Today's ASX news
HY20 Report – Metcash (ASX:MTS) Share Price Rises
The Metcash (ASX:MTS) share price is up more than 1% after reporting its 2020 half year result.
December 5, 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 Metcash (ASX:MTS) share price is up more than 1% after reporting its 2020 half year result.
Rio Tinto (ASX:RIO) has announced that it’s going to invest $1.5 billion to continue production at Kennecott copper to 2032.
The Caltex (ASX:CTX) share price is down over 1% after providing an update about the takeover offer.
The house prices in Sydney and Melbourne have shot up again during November 2019 according to CoreLogic figures.
The Afterpay (ASX:APT) share price will be on watch this morning after defending itself against a suggestion of retailers being allowed to add surcharges to customers.
Supermarket giant Woolworths (ASX:WOW) faces a class action from employees for the wages underpayment scandal.
Zip (ASX:Z1P) has announced that it is going to conduct a capital raising to raise up to $60 million from investors.
Select Harvests (ASX:SHV) has reported its annual result for the year to 30 September 2019, sending the share price up 11% in early trading.
ASX banks such as Bank of Queensland (ASX:BOQ) will be questioned in Canberra today about how they will avoid a Westpac (ASX:WBC) style mess up.
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