Tag: shares
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Ask the Expert: When moving from a SMSF to managed super makes sense
Question 1 I have a self-managed super fund with a property valued at $420,000 and $70,000 in cash. I have personal shares worth approximately $100,000 that I’ve had for years. I have an investment property worth $580,000 and my home is rented out and worth approximately $1.1 million. I’m 61, single, transitioning to retirement, living…
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Uncharted territory: Star Entertainment punished, losing $500m in a day
Star shares were down 44.4 per cent to an all-time low of 25c about 1pm AEST on Friday, meaning the embattled casino company’s market capitalisation has fallen from $1.29 billion to $724 million. More than 320 million shares had changed hands, compared to the three to 26 million shares that were traded per day in…
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Aussie shares flirt with new record high as bullish run set to continue
The S&P/ASX200 index on Monday morning came within four points of its record peak of 8,148.7 set seven weeks ago, after coming within just over five points of that level on Friday. At midday the benchmark index was within easy striking distance of a new record, up 33.6 points, or 0.41 per cent, to 8,133.5.…
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World shares stabilise as September storms relent
World share and oil prices have stabilised after savage starts to September, while the yen climbed to a one-month high and government bond markets rallied as investors stuck with rate-cut trades. The storms, which have wiped off more than $US2 trillion ($A3 trillion) from global stock markets and battered commodities, had eased just enough to…
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Insurance giant will buy back $350m worth of shares in wake of big profit
The 7.9 per cent net earnings boost was driven by an 11 per cent rise in premiums, a 35 per cent rise in investment income on shareholder funds and a 79.1 per cent jump in insurance profit after IAG paid out fewer natural perils claims. The natural perils cost of $983 million in 2023/24 was…
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Don’t stop me now: Aussie market continues its run into uncharted territory
At noon AEST on Wednesday, the benchmark S&P/ASX200 index was up 72.8 points, or 0.91 per cent, to 8,072.1, while the broader All Ordinaries was up 73.8 points, or 0.9 per cent, to 8,317.1. Closing above Monday’s level of 8,017.6 would be the ASX200’s eighth record high of 2024. In the United States overnight, Federal…
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No pie in the sky: RFG snaps up Beefy’s for $10 million, tips strong growth
RFG already owns Gloria Jean’s Coffees, Brumby’s Bakeries, Donut King, Michel’s Patisserie, Di Bella Coffee, The Coffee Guy, Café2U, Pizza Capers and Crust Pizza. RFG said Beefy’s would have an EBITDA of $2.5 million in 2024 and has grown its sales by 12 per cent in the first quarter of this financial year. RFG shares…
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Armour Energy collapse followed Chinese offer to buy the company
It’s a rare failure for Steve Bizzell and Nick Mather, who together won big with their deal in 2010 to sell Arrow Energy to PetroChina and Shell for $3.5 billion. Armour had gas projects in the Surat, Otway, McArthur and the Cooper Eromanga basins. Armour is continuing to run, but KordaMentha’s Robert Hutson and Richard…