Sportsbetting company PointsBet Holdings (ASX: PBH) has faced a slew of disappointments in trying to sell its US business. Initially, it shut down Aussie wagering company Betr’s $220 million offer; then, it succumbed to only a slightly larger offer—$222 million—from Fanatics Betting and Gaming (FBG). Now, it is being offered $280.7 million in cash from
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The XJO is expected to open flat following a small pullback in the U.S on Friday and their flat futures this morning. The XJO’s strong rally on Friday gives us some confidence that our market can play some catch up with the U.S which has significantly outpaced us over roughly the past month. Our move
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Despite rising cost-of-living pressures which would typically be favourable to debt recovery businesses, Credit Intelligence (ASX: CI1) has recently issued a profit warning for FY23, citing struggles from their buy-now-pay-later and SME lending businesses. The warning forecasts a significant net loss of $1.5 million, reflecting a 165% decrease compared to the previous year’s net profit
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When you have a few extra bucks on hand to start investing, would a dividend-paying famous multinational company which your investor peers often talk about entice you, or would you rather allocate it to a quiet small cap company that maintains solid financials and constant growth while simultaneously offering great future prospects? While there will
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As of 2020, the older generations made up over 16% of the Australian population, with this number set to grow to over 20% in the coming years. Increased life expectancy and low fertility rates have given older people an edge and greater pull in the market, making them an attractive bet for companies like healthtech
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Published monthly financial statements show that, on an annual basis, the Government has firmly moved into a budget surplus. On an annualized basis, Individual tax receipts are growing at 13% pa, and company tax receipts are growing at 17% pa. Despite a slowdown in receipts through Covid, from January 2020 to April 2023, total revenue
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