Nick Scali (ASX: NCK) Recovering from Insider Selling Dip
Economists and financial experts have wavering convictions on the impact of inflation and interest rates on consumer spending. Investors willing to weather the stormy economic conditions were quick to bail on the news of insider selling at Nick Scali. However, furniture retailer Nick Scali has navigated well through the storm, with the share price on…
Is Tabcorp Holdings (ASX: TAH) Transition Strategy on Track?
Following a series of moves with Tatts Group and UBET, in 2022, Tabcorp exited the group. Tabcorp is now strictly a wagering and media company without its lottery and keno operations. TAB – the multichannel wagering brand – is Australia’s largest. The media operations centre Sky Racing is owned by Tabcorp. Tabcorp has bold plans…
Macquarie Group (ASX: MQG) Outlook Cautious for Full Year 2024
Macquarie Group is Australia’s only global investment bank. The company serves Australia, the Asia-Pacific region, Europe and the Middle East, Africa, and the Americas. The company’s solid financial performance stuttered with the Half Year 2024 financial results. Macquarie Group has four revenue-generating operating units: asset management, banking and financial services, commodities and global markets, and…
Carsales.com – Now CAR Group (ASX: CAR) but Still Growing
In 1997, the founders of Carsales.com created an alternative way to advertise vehicle sales – the internet. By 2009, when the company was listed on the ASX, the digital revolution was in full swing. CAR Group has grown organically through technology applications in its business offerings and through acquisitions. CAR Group’s primary revenue-generating markets are…
Endeavor Group (ASX: EDV) Continues to Grow the Hotel Business
Endeavour Group now operates retail liquor stores, hotels, and related businesses with omnichannel distribution. Investors have been influenced by friction at the company’s board of directors, contributing to a declining share price. The company’s forward strategy calls for increasing focus on its hotel operations, which have outpaced retail in financial performance of late. Endeavour Group…
Pacgold (ASX: PGO) Continues Aggressive Exploration Programme
Pacgold bought the largely unexplored Alice River Gold Project in 2020. The company listed in 2021, immediately embarking on an extensive exploration programme using modern technology. The Alice River Project is in a prospective area with little history of modern exploration over the last 20 years. Gold explorer Pacgold was listed on the ASX in…
Findi Limited (ASX: FND) Hitting 52-Week Highs
Findi is an emerging provider of digital banking services in India. The company is targeting rural and remote areas of India. A series of positive announcements has sent the stock price into 52-week high territory. The company operated in the Indian consumer payments space and previously provided ATM services to Indian banks under the name…
Caution Around Harvey Norman (ASX: HVN) Growth Prospects
Current economic conditions continue to weigh on Harvey Norman shares. The company cut its dividend payments in FY 2023. Analysts are cautious on the company’s growth prospects. Harvey Norman is a multi-channel, multi-product retailer with a company-owned and franchise business model. Before COVID-19 lockdowns began to cripple retailers with brick-and-mortar operations, Harvey Norman reported a…
Carnaby Resources (ASX: CNB) for Renewable Energy Investors
Carnaby has development projects underway in copper/gold and lithium. The company’s flagship asset is the Greater Duchess Copper/Gold Project. Crediting three great discoveries over the last two years, Carnaby released a maiden resource estimate for the Greater Duchess Project on 27th Within the Greater Duchess Project, Mount Hope may be the most standout prospect. On…
CSL Limited (ASX: CSL) Trading Near Three-Year Lows
The COVID-19 Pandemic negatively impacted CSL’s blood plasma business. The company now faces high-interest rates, inflationary pressures, and foreign currency headwinds noted in a February market update. The ASX stock price went into a tailspin from which it has not recovered. CSL Limited, a global giant biotechnology company, has added a third revenue-generating business to…
