Fortescue ( $Fortescue Ltd(FMG.AU$ ) is sacking 700 people as it’s green hydrogen business unit has turned into a basket case…..As I said from the beginning : green hydrogen is uneconomical and bad for the environment – the worst of both worlds.
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Domino’s Pizza ( $Domino's Pizza Enterprises Ltd(DMP.AU$ ) shares fell 8% to $33.12 after releasing a trading update. The market wasn’t overly impressed with plans to close about 80 stores in Japan and 20 to 30 in France…..It’s not the end of the world as other countries are adding new stores. DMP is still a beast of a company so I will maintain my BUY.
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Our market experienced broad based gains after the very strong lead out of Wall Street….Santos (STO) continues to taunt us as it trades right around a key break out level on the chart. Check it out…. $Santos Ltd(STO.AU$
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Rio Tinto is rumored to be making a take over bid for Canada’s Teck Resources in what would be a mega deal for the mining industry. $Rio Tinto Ltd(RIO.AU$
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It was a wild trading session for Droneshield ( $Droneshield Ltd(DRO.AU$ ) which surged to a fresh all time high of $2.71, giving it a market value of over $2bn, before the stock tanked over 33%.
The ASX then intervened and put it into a trading halt with a please explain (see below). DRO recovered a little to only close 22% lower. On the current expensive valuation I have an AVOID rating. $S&P/ASX 200(.XJO.AU$
The ASX then intervened and put it into a trading halt with a please explain (see below). DRO recovered a little to only close 22% lower. On the current expensive valuation I have an AVOID rating. $S&P/ASX 200(.XJO.AU$
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Our market cracked through the 8000 point barrier for the first time as investors continue to push our big 4 banks higher; $CommBank(CBA.AU$ and $ANZ Group Holdings Ltd(ANZ.AU$ added 0.78% NAB put on 0.81%…..I seriously can’t believe CBA is now trading on a whopping PE ratio of 22.49 times profit which is double that of BHP. In other words, on a profitability basis CBA is currently twice as expensive as $BHP Group Ltd(BHP.AU$ ….And comparing dividends: CBA is paying 3.5% while BHP is likely t...
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Hey, i am looking at fmg for some time as stock prices were coming down and its divvies, its at 21.820 , it had touched $30. I was looking to buy it at 17-18, but idk, not a financial expert, what do u guys think, should i buy it or wait $Fortescue Ltd(FMG.AU$
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Retail sales in Australia increased 0.6% in May but there is nothing to celebrate as the rise was driven by discounts therefore profit margins at retailers would be suffering. I maintain my AVOID on the sector. $S&P/ASX 200(.XJO.AU$
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Silver back over US$30. A sharp run up to $50 is definitely not out of the question by years end….BUY ETPMAG $BHP Group Ltd(BHP.AU$ $Rio Tinto Ltd(RIO.AU$
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I was pretty amazed to see Chalice ( $Chalice Mining Ltd(CHN.AU$ ) get slammed 19% after singing a memorandum of understanding with Mitsubishi to investigate a potential hook up….Problem was, the market wanted a formal deal with cash money on the spot. I maintain my BUY as I’m super bullish on PLATINUM and PALLADIUM. Last sale $1.22
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