Today's ASX news
Why The IOOF (ASX:IFL) Share Price Is Heading Backwards
The IOOF Holdings Limited (ASX:IFL) share price is down over 2% after a market update.
May 13, 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 IOOF Holdings Limited (ASX:IFL) share price is down over 2% after a market update.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.32% at lunch.
The Galaxy Resources Limited (ASX:GXY) share price is rising after making an announcement to the market.
The Commonwealth Bank of Australia (ASX:CBA) share price will be under scrutiny today as the big bank reported its third quarter profit.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up by 0.37% on Friday.
The Synlait Milk Ltd (ASX:SM1) share price dropped 4% today after making two ASX announcements.
Blue Sky Alternatives Access Fund Ltd (ASX:BAF) could have a new investment manager soon.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.48% at lunch.
Could HSBC be about to acquire Suncorp Group Ltd’s (ASX:SUN) banking division?
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