Australia…1 hour in… ASX200 up 25

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 25 points (0.3%) to 7295.


  • ANZ (-0.2%); has said they see rates @ 0.5% by the end of 2023.
  • Austal (-1.1%); being investigated by ASIC for historical matters concerning the co’s disclosures with respect to Austals Littoral Combat Ship program before July 2016.
  • Boral (-0.6%); the Board has recommended shareholders reject Seven Group’s takeover offer.  Grant Samuel values BLD @ $8.25 TO $9.13 which is 40% higher than the Seven offer.
  • Megado (+11.5%); announced high grade gold found in rocks from its Chakata Gold Project.
  • Newcrest (+0.4%); several new high grade deposits have been found at its Havieron Deposit.
  • PointsBet (+1.9%); has gained market access in Maryland.
  • Silver Lake (-0.9%); has suspended operations at its Daisy Complex Underground facility following a fatality.
  • Woolworths (+0.5%); the ACCC will not oppose Woolies acquiring a 65% share of PFD. Food Services.
  • Worley (-2.8%); CFO Tom Honan to retire.


……..and the Australian Tax Office has issued a stern warning to investors in cryptocurrencies ahead of tax time.  The ATO has changed from a good-faith to a hard line tax approach.  They said they have very good data on the trading and will be watching all trading declarations very closely.

About Scott Phillips

Scott has over 35 years experience in Australian equities, starting as a “chalkie” and trader on the Stock Exchange Trading Floor and spending the last 25 years advising and trading for International Institutions. He has been an Executive Director at JPMorgan and Nomura, a Governor of the Australian Stock Exchange and was recently awarded a Lifetime Achievment award by the Australian Stockbrokers Association.

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