Today's ASX news
TPG (ASX:TPM) Share Price Drops On ACCC Decision
The TPG Telecom Ltd (ASX:TPM) share price has dived 14% this afternoon after the ACCC’s decision was prematurely announced.
May 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.
The TPG Telecom Ltd (ASX:TPM) share price has dived 14% this afternoon after the ACCC’s decision was prematurely announced.
The declining value of Australian properties seems to have hit the CSR Limited (ASX:CSR) profit which was reported earlier today.
The FlexiGroup Limited (ASX:FXL) share price is going utterly bonkers today, it’s up 27%.
The Dicker Data Ltd (ASX:DDR) share price is up 8.8% so far, making it one of the best performers on a poor day for the ASX.
The ongoing trade discussions between the US and China is affecting everything Asian related on the ASX, including the Platinum Asset Management Ltd (ASX:PTM) share price.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.73% at lunch.
It seems as though the Automotive Holdings Group Ltd (ASX:AHG) and AP Eagers Ltd (ASX:APE) merger is going to go ahead.
Is the Suncorp Group (ASX:SUN) share price a buy following its quarterly update?
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down by 1.65% on Tuesday.
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