AFTER THE OPEN
- Managed to have a little day-trade in AVA Risk Group (ASX:AVA). Picked up a few at the open for 18c and dropped them off 3min later for 19.5c.
- Boral (ASX:BLD) up 10% haha.
BEFORE THE OPEN
- A quiet night in the US except in the small cap space where the Russell Index was up substantially.
Source:Â https://stocksunderthehood.com/free-resources/us-sector-performance/
- There was a bit more movement in commodities with the Oil price up but the copper price fell. There’s still more things in downtrends than uptrends in that space at present.
- Bitcoin had a strong night. If you like technical trading, I actually think Bitcoin is worth a look at simply because it moves in quite structured ways. I’ll look at what I mean about that in a future post.
- Not a lot catching my eye today really. Only 27 significant announcements on the ASX as at 9.45.
Boral (ASX:BLD)
- Boral (ASX:BLD) continues to do well lifting it’s EBITDA guidance from $330-350M up from $300-330M. A roughly 10% upgrade may result in a roughly 10% increase in the shares (nah it’s not that simplistic but we’ll see).
- That will also be positive for Seven West Holdings (ASX:SVW) which owns a large stake in Boral (ASX:BLD). Positivity could also flow through to someone like Adbri (ASX:ABC).
- The news is out for Boral (ASX:BLD). It’s is often better to look for who else it may benefit that is yet to update the market if you want to capitalise on such announcements.
AVA Risk Group (ASX:AVA)
- This is a significant announcement for this little company.
- I used to own AVA Risk Group (ASX:AVA) sometime ago. They seem like smart operators. Will be interesting to see if they now kick-on as a result of this.
Disclaimer: This information is provided purely for educational purposes. It takes no account of an individual’s personal financial circumstances and hence can in no way constitute financial advice. The above data may be subject to errors or inconsistencies for which the author takes no liability. It is imperative that all investors do their own research or if they need advice, seek it from a qualified financial adviser.