Today's ASX news
Why Blackmores (ASX:BKL) Shares Are Down 22% On The HY19 Result
The Blackmores Limited (ASX:BKL) share price is down 22% after the health supplement business reported its half year result.
February 19, 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 Blackmores Limited (ASX:BKL) share price is down 22% after the health supplement business reported its half year result.
Coles Group Limited (ASX:COL) has reported its half year result to investors this morning, sending the share price down 2.7%.
The Altium Limited (ASX:ALU) share price is going bananas this morning, it’s up 20% after the company’s half year report was released yesterday.
The S&P/ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 1.09% on Friday. The US market was closed on Monday for President’s Day.
The Bank of Queensland Limited (ASX:BOQ) share price fell 6% after providing a trading and earnings update.
The Altium Limited (ASX:ALU) share price could be one to watch tomorrow after it reported its half-year report after the market closed.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.42% at lunch.
The Bingo Industries Ltd (ASX:BIN) share price is down 45% in early trading after the company gave a market update.
NIB Holdings Limited (ASX:NHF) has reported its half year result to 31 December 2018.
Want to level-up your analytical skills and investing insights but don’t know where to start? Join 50,000 Australian investors on our mailing list and we’ll send you our favourite podcasts, courses, resources and investment articles every Sunday morning. Grab a coffee and let Owen and the team bring you the best insights.
