
Asaleo Care (ASX:AHY) Rises 30%, Announces Sale Of Sorbent And Handee For $180 Million
The Asaleo Care Ltd (ASX:AHY) share price is up 30% after announcing it’s selling its Australian consumer tissue business for $180 million.
Big money is not in the buying or selling, but in the waiting.
Charlie Munger
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 Asaleo Care Ltd (ASX:AHY) share price is up 30% after announcing it’s selling its Australian consumer tissue business for $180 million.
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