Resources shares
Fortescue (ASX:FMG) share price in focus on Red Hawk (ASX:RHK) acquisition
The Fortescue Ltd (ASX:FMG) share price is in focus after announcing the acquisition of Red Hawk Mining Ltd (ASX:RHK).
January 28, 2025
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 Fortescue Ltd (ASX:FMG) share price is in focus after announcing the acquisition of Red Hawk Mining Ltd (ASX:RHK).
Both the Vanguard Australian Shares Index ETF (ASX: VAS) and listed investment companies (LICs) can be great investments, but I prefer LICs for my own portfolio.
The Kogan.com Ltd (ASX:KGN) share price is under the spotlight after releasing its FY25 half-year result update.
The Myer Holdings Ltd (ASX:MYR) share price is up more than 1% after its vote on buying Dotti, Just Jeans and others from Premier Investments.
The Fortescue Ltd (ASX:FMG) share price is down after the miner released its FY25 second quarter update which was solid.
The Australian Foundation Investment Co Ltd (ASX:AFI) (AFIC) share price is up slightly after reporting its HY25 results.
The Woodside Energy Group Ltd (ASX:WDS) share price is down 2% in reaction to the December 2024 quarterly update.
The Wesfarmers Ltd (ASX:WES) share price is in focus today after the retail company announced the end of Catch.
The BHP Group Ltd (ASX:BHP) share price is under the spotlight after the miner reported its production update for the second quarter of FY25.
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