Australia…1 hour in… ASX200 down 9

By Scott Phillips | More Articles by Scott Phillips

ASX200 down 9 points (0.1%) to 7293.


  • AMP (-0.4%); has named Shawn Johnson as CEO of AMP Capital. He is a former US Navy lieutenant and ex-State Street.
  • Centuria (+0.3%); acquires three assets (2 in Vic and 1 in NSW) and expands its portfolio to over $3bn.
  • Crown (-2.9%); the inquiry into Crown’s suitability to hold a casino license in Victoria has been widened to look into allegations including tax underpayment.
  • Domino’s Pizza (+1.5%); agreed to pay $79m to buy the operator of Domino’s Taiwan, and is actively looking to enter more international markets.
  • Iress (-1.8%); in the face of takeover speculation the co has reaffirmed FY21 guidance and says it continues to identify M&A opportunities.
  • Premier Investments (+0.3%); upgraded its retail profit outlook after margins expanded and the group achieved record sales over Mother’s Day and in May.
  • SkyCity (+1.2%); said its casinos have been performing better than expected and expects a FY profit of NZ$84m-88m, up from $62m.


Friday Dad Joke;

I woke up early this morning , 5.10 am.             Or as they say in Qld…. 50 to 6.

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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