|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||62.22 - 62.22|
|52 Week Range||37.83 - 62.22|
|Beta (5Y Monthly)||0.47|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.39 (2.34%)|
|Ex-Dividend Date||Mar 05, 2020|
|1y Target Est||N/A|
As market volatility has eased after the mayhem of March, investors betting on a rocky economic recovery from the coronavirus crisis are buying shares of exchanges that are poised to profit if more turmoil ensues. The global exchange sector, which thrives in turbulent markets, has outperformed so far this year, falling only 2% in value compared with a 15% drop in world stocks, a Reuters analysis showed. As countries around the world went into lockdown to slow the spread of the coronavirus, investors repriced the value of assets including stocks, commodities and derivatives, such as futures and options, to reflect recessions.
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About A$2 billion ($1.4 billion) worth of IPOs that were due to list on the Australian Securities Exchange have been put on hold since early October due to volatile global financial market conditions. Tyro raised raised A$287 million from investors during its IPO process over the past week which gave the company a A$1.36 billion market capitalisation.
Chi-X Australia wants the country's competition regulator to look into the implications of blockchain technology for share trading and to arbitrate disputes with the Australian Securities Exchange. The Australian markets operator has said it would replace its registry, settlement and clearing system with blockchain technology to cut costs for customers and is currently testing the platform. Chi-X Australia, which handles a fifth of all share trading volume in the country, on Wednesday raised concerns the switchover to blockchain technology would disadvantage it.
The Australian Securities Exchange (ASX) has partnered with VMware, Inc. (NYSE: VMW) in replacing its Clearing House Electronic Subregister System (CHESS) with another platform that is based on distributed ledger tech (DLT), according to ZDNet. This means that ASX will be working with two partners: VMware and Digital Asset, a blockchain startup. “This new partnership is a very positive development that will help us support a wider range of DLT solutions developed by the industry.
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...
Fox News owner Fox Corp. reached a deal to acquire a two-thirds stake in fintech company Credible Labs in a deal worth $340 million. Under the terms of the deal, Fox will acquire 67% of Credible, which is listed on the Australian Securities Exchange, for $265 million in cash, a 31% premium to the company's stock price on May 29. Also, Fox will commit a further $75 million in capital over two years to developing Credible, which is a consumer finance marketplace.
Since the weekend, media have said Crown hired travel agents with ties to drug traffickers to bring in the gamblers, knowingly allowed the gamblers to launder money at its casinos and pressured immigration officials to fast-track visas for high rollers. After the reports, Attorney General Christian Porter said he referred the accusations to the Australian Commission for Law Enforcement Integrity, an anti-corruption body that investigates federal agencies, since they related to government officials. In a open letter signed by its board, and circulated by the Australian Securities Exchange, Crown's directors said the company was being subjected to a deceitful campaign that had unfairly attempted to damage its reputation.
The Minneapolis-based company closed the day at A$2.20 per share, shy of the A$2.58 session high, nearly double its initial public offering (IPO) price of A$1.22 a share. Sezzle, yet to post a profit, only operates in the United States and Canada and said it will fund growth in those two countries with the A$43.6 million ($30.03 million) it raised from the oversubscribed IPO. "We certainly haven't sold any of our shares, we think they may trade higher in the coming days and weeks," said Dean Fergie, portfolio manager at Cyan Investment Management, a fund that bought shares in the IPO.
Based on ASX Limited's (ASX:ASX) earnings update in December 2018, analysts seem cautiously optimistic, with profits...
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...