Investors today seem to be prizing huge tech conglomerates over anything else. All conglomerates aren’t bad investments. Growth via acquisition is a common method. If these are acquisitions just for the sake of having acquisitions, then it should raise some red flags. Could the same happen now to the world’s largest tech companies?
Right now, stock investors are looking at some black nimbus clouds forming on the horizon. Some have already started reefing (selling out) to reduce the impact of wind (volatility). But let me explain why you should sail straight into the storm, and use your biggest advantage.
G8 Education [ASX:GEM] finished up yesterday at a price of $2.91 — 7.62% lower than it opened — after posting full year results below previously estimated guidance levels. What caused the share price to drop?
Reliance Worldwide Corp Ltd [ASX:RWC] is up 7% at time of writing after posting strong first-half results. What has caused the share price spike?
Nanosonics [ASX:NAN] is an Australian-based infection control solutions provider. At time of writing the company has fallen 11.91% and is trading at $2.625 a share.
In an analysts’ briefing this morning, Platinum Asset Management confirmed Andrew Clifford, Chief Investment Officer and Co-Founder, will be appointed CEO to replace outgoing Kerr Neilson. The decision, made formal this morning, had the effect of wiping $600 million from the group’s market cap, with shares falling 13%.
Data centre operator NEXTDC Ltd [ASX:NXT] posted record results for the first half of FY18, including an upgrade to its FY18 guidance. At time of writing the company’s share price is up 16.612%, to $7.09.
Webjet posted impressive interim earnings results today. At time of writing their share price is up 15.75% to $11.98. The company now has a market capital approaching $1.5 billion.
In its interim results this morning, Australia’s largest retail travel outlet Flight Centre Travel Group has increased its full year earnings guidance. At time of writing, the $5.6 billion company’s share price is up 10.19% to $55.17 for each slice of the stock.
2017 proved to be a pivotal year for Nine Entertainment, with the TV broadcasting company leading the way in metropolitan advertising revenue share for the first time since 2005.