August 13, 2021

Australia… One Hour In… ASX200 up 1

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 35 points (0.5%) to 7623.

Baby Bunting (-6.6%); FY profit +76%. Revenue +16%. Not sure why the market doesn’t like it…..
BlueScope (+3.2%); couple of broker upgrades this morning.
Evolution (+0.3%); raises US$550m via a private placement.
Perpetual (+0.4%); lowers its guidance slightly due to methodology change.
Pointsbet (+2.8%); has now launched its product in West Virginia. Paige Spiranac doing a great job as Ambassador.
Suncorp (-3.7%); ex div 48c. Trading down 47c.

Friday Dad Joke; more like an office joke today…..

St Peter; Why should I let you into Heaven?

Me; Once, a co-worker said “on a go forward basis” seven times in a meeting, and I just let him.

St Peter; Get in here……

About Scott Phillips

Scott has over 35 years experience in Australian equities, starting as a “chalkie” and trader on the Stock Exchange Trading Floor and spending the last 25 years advising and trading for International Institutions. He has been an Executive Director at JPMorgan and Nomura, a Governor of the Australian Stock Exchange and was recently awarded a Lifetime Achievment award by the Australian Stockbrokers Association.

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