Today's ASX news
FY19 Result – The MNF (ASX:MNF) Share Price Rose By Over 12%
The MNF Group Ltd (ASX:MNF) share price rose by 12.5% today after revealing its FY19 result.
August 27, 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 MNF Group Ltd (ASX:MNF) share price rose by 12.5% today after revealing its FY19 result.
The Speedcast International Ltd (ASX:SDA) share price fell around 33% in another very painful day for its shareholders after reporting its first half of 2019 result.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.43% at lunch.
The Nanosonics Ltd. (ASX:NAN) share price is up around 25% in response to the release of its FY19 report to investors.
The Hub24 Ltd (ASX:HUB) share price is up 4% in reaction to the fintech company’s FY19 result.
Rural Funds Group (ASX:RFF) has reported its FY19 result, is the share price a buy?
The Reliance Worldwide Corporation Ltd (ASX:RWC) share price will be on watch this morning after it reported its FY19 result.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 1.1% on Monday.
The Japara Healthcare Ltd (ASX:JHC) share price fell after the aged care operator reported its FY19 result.
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