Is Chemist Warehouse set to become the biggest ASX IPO in 7 years?
Brendon Lau | February 19, 2021 10:27am |
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Chemist Warehouse is taking a step closer to an initial public offering (IPO) in what could be the hottest float on the ASX in years.
Even investors who aren’t keen on participating should take note. The health of any bull market can be often be measured by the IPO market.
On that front, Chemist Warehouse is creating a buzz. The
Australian Financial Review reported that it is preparing to send out a formal request for proposal to investment banks.
2 ASX 200 shares that keep growing their dividends
Tristan Harrison | February 11, 2021 2:22pm |
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One of the two businesses in this article announced another increase today:
Magellan is one of the biggest funds management businesses in Australia, with Hamish Douglass at the helm of the investing team.
Whilst the performance fees and performance special dividends can be variable, the ordinary dividend of Magellan continues to climb.
In the result for the first half of FY21, Magellan decided to increase the interim dividend by 5% to 97.1 cents per share.
That dividend was declared with the release of its report. The ASX 200 dividend share showed that average funds under management (FUM) went up 9% to $100.9 billion, with management and service fees revenue up 8% to $311.4 million. Profit before tax and performance fees of the funds management business went up 8% to $256.2 million.
3 high-yielding ASX 200 dividend shares
Tristan Harrison | January 20, 2021 5:15pm |
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Here are three of those examples:
JB Hi-Fi is one of the leading electronics and appliance retailers in Australia and New Zealand.
It has been regularly growing its dividend. In FY20 the final dividend shot 76.5% higher and the annual FY20 dividend went up 33.1% to $1.89 per share.
Based on the current JB Hi-Fi share price it has a grossed-up dividend yield of 5.2%.
The ASX 200 dividend share revealed that it’s going to report more growth in its upcoming FY21 half-year result. The retailer said that its sales went up by 23.7% to $4.94 billion, earnings before interest and tax (EBIT) went up 75.9% to $462.7 million and net profit after tax (NPAT) rose by 86.2% to $317.7 million. Online sales went up 161.7% to $678.8 million, which represented 13.7% of total sales.
Of all the sectors on the
S&P/ASX 200 Index (ASX: XJO), few have disappointed investors more in 2020 than ASX energy shares.
2020 has delivered its fair share of challenges to be sure (as we all know), but the energy sector has not been well-placed to deal with them.
You only need to compare the performance of this sector against, say, tech shares, or consumer staples, to see this. In fact, out of all the companies in this sector, only one is actually above where it started the year, as you can see below:
ASX energy share
Market capitalisation
(50.78%)
42.33%
All of these shares are in the ASX 200 Index, save for New Hope.