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Australia… One Hour In… ASX200 down 22

ASX200 down 22 points (0.3%) to 7252. Lake Resources (+12.6%); has signed a deal with US-based lithium extractor Lilac Solutions, which has ties to Bill Gates and Jeff Bezos.

ASX200 down 22 points (0.3%) to 7252.

 

  • Afterpay (+0.5%); has launched Retro Afterpay which will allow customers to retrospectively turn purchases into BNPL.  It allows customers to draw down, or borrow, up to $200 against a transaction made within the previous 72 hours, and repay that over 4 payments over 6 weeks.
  • Lake Resources (+12.6%); has signed a deal with US-based lithium extractor Lilac Solutions, which has ties to Bill Gates and Jeff Bezos.
  • PointsBet (+2.7%); after British gambling co Entain surged 18% on a report that US co DraftKings made a US$20bn takeover offer.
  • Tower (+0.7%); downgraded FY guidance from $22m-24m down to $19m-21m.
  • Zip Co (+0.2%); makes strategic investment in Indian BNPL operator ZestMoney.
  • Westpac (-0.9%); sale of Westpac Pacific to Kina Bank to no longer proceed.

 

……hope everyone is ok after the earthquake this morning in Victoria.

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