Today's ASX news
Is The Somnomed (ASX:SOM) Share Price A Buy?
Investors might be taking a closer at Somnomed Limited (ASX:SOM), a healthcare business.
July 8, 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.
Investors might be taking a closer at Somnomed Limited (ASX:SOM), a healthcare business.
The share prices of BHP Group Ltd (ASX:BHP), Rio Tinto Ltd (ASX:RIO) and Fortescue Metals Group Limited (ASX:FMG) could all suffer this week due to China.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.18% on Friday.
The Western Areas Ltd (ASX:WSA) share price ended the week up 4.6% after announcing some news to the market.
AP Eagers Ltd (ASX:APE) has a plan to get its takeover of Automotive Holdings Group Ltd (ASX: AHG) approved.
The Eclipx Group Ltd (ASX:ECX) share price rose 20.6% today after making an announcement.
The Costa Group Holdings Ltd (ASX:CGC) share price is down around 1.7% after investors learned of a retirement within the business.
The Australian Prudential Regulation Authority (APRA) has announced it will go ahead with changes to the interest rate mortgage buffer.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.23% at lunch.
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