Today's ASX news
FY19 Report – NAB (ASX:NAB) Profit Falls 10% And Cuts Dividend
NAB (ASX:NAB) has reported its FY19 result to investors this morning.
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.
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.
The NIB (ASX:NHF) share price fell over 2% after providing a FY20 market update.
The Corporate Travel Management (ASX:CTD) share price has risen 7.5% in reaction to a trading update given at today’s annual general meeting (AGM).
The Brickworks (ASX:BKW) share price has risen around 1% after making another US based acquisition.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.04% at lunch.
The Pendal (ASX:PDL) share price is up around 3% after reporting its full year result for the 12 months to 30 September 2019.
Boral (ASX:BLD) has given a FY20 trading update which has caused the share price to fall over 2%.
The Bubs (ASX:BUB) share price is up 3% in early trading after announcing a new master distribution agreement with Alibaba.
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