
Newcrest Mining Limited (NCM) Just Wrote Off $260 Million
Newcrest Mining Limited (ASX:NCM) announced this morning that it is likely to make a $260 million after tax accounting reduction in the value of two of its assets.
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.
Newcrest Mining Limited (ASX:NCM) announced this morning that it is likely to make a $260 million after tax accounting reduction in the value of two of its assets.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.21% at lunch.
AMP Limited (ASX:AMP) will be watched closely by investors today after the diversified financial business reported its financial results for the half year ended 30 June 2018.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.14% at lunch.
IOOF Holdings Limited (ASX:IFL) will be watched closely by investors today after the diversified financial business reported its financial results for the year ended 30 June 2018.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.64% at lunch.
Global packaging business Amcor Limited (ASX:AMC) has entered into a trading halt because it is buying Bemis Company in the US for $7 billion.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.34% at lunch.
ResMed Inc. (ASX:RMD) shares have opened down 1.56% after the sleep apnea business reported its fourth quarter and FY18 result.
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