A good night again in the US.
Source: https://stocksunderthehood.com/free-resources/us-sector-performance/
ASX should have a strong start with the futures up 72 points.
The oil price is trying to break out from it’s downtrend. Not quite there yet.
RPM Global (ASX:RUL) H1FY24 results
https://rpmglobal.com/
Reported results after the market closed last night. This is usually not a great sign. However, in this case, the results look sound.
Tyro Payments (ASX:TYR) H1FY24 results
https://www.tyro.com/
Have won the battle but will they win the war? I think there is a good chance this $10M payout doesn’t cover the damage that has been done to their business as a result of this issue. My understanding of the story is this. Kounta owns Lightspeed. Lightspeed is a POS system used in the hospitality industry. Tyro offered an integration of their payment system into the Lightspeed POS. Lightspeed have developed their own payments system. They are penalising their customers than remain with Tyro. While they can’t solicit does it stop them from making it uncomfortable for their clients to continue using Tyro? I don’t know. Reality is plenty have already jumped ship from Tyro to the the new Lightspeed payments system.
GQG Partners (ASX:GQG) H1FY24 results
https://gqg.com/
Results are out. Things travelling as you would hope by the looks of things.
Looks like just rewards for market beating performance.
Impossible for fund managers to give forecast earnings and revenues. They’re at the mercy of the markets. From these comments I think it’s safe to say that things are expected to continue to go well for them.
Mad Paws (ASX:MPA) H1FY24 results
https://www.madpaws.com.au/
A tiny company with a share price of 10.5c has had a good results and even more interestingly an investment from Seven West Media (ASX:SWM) at a premium of 12c per share.
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