Today's ASX news
Myer Holdings Ltd (ASX:MYR) Reports FY18 Loss Of $486 Million
Myer Holdings Ltd (ASX:MYR) has reported its FY18 result for the 52 weeks to 28 July 2018.
September 12, 2018
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.
Myer Holdings Ltd (ASX:MYR) has reported its FY18 result for the 52 weeks to 28 July 2018.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.46% at lunch.
Macquarie Group Ltd (ASX:MQG) updated the market this morning about the progress of FY19.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.07% at lunch.
National Australia Bank Ltd (ASX:NAB) faces legal action from the Australian Securities and Investments Commission (ASIC).
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.69% at lunch.
Every three months the various ASX indices are re-balanced to take into account the market capitalisation movements. S&P Dow Jones Indices announced the changes to the S&P/ASX 300 Index.
Commonwealth Bank of Australia (ASX:CBA) has just announced that it is increasing variable interest rates by 0.15% for all Australian residential property owners.
Australia and New Zealand Banking Group (ASX:ANZ) announced that it is increasing variable interest rates for Australian home and residential investment loans by 0.16%.
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