Online homewares retailer Temple & Webster has had a stellar 12 months… not just increasing sales but also share price rise. This week it reported full-year revenue has spiked by almost three-quarters to $176 million, as the coronavirus lockdown played into the hands of the online retailers. Just last month, the online furniture retailer raised $40…
Hi everyone… and to all those in Victoria, hang in there the whole country is supporting you and sending our love. End of another week and more information coming out about the economic damage from the Coronavirus pandemic. . Last night the US economic figures were released showing an 8 per cent contraction in the…
I think we need the weekend to recover from the barrage of information we’ve received this week about the economy and Government stimulus. It has been overwhelming and some of the numbers are downright scary. But, keep it in perspective. Before I get into some of the detail can I make some big picture comments…
Provider of professional digital audio solutions, Audinate, is in a trading halt after announcing a $40 million capital raise to accelerate growth and pursue potential M&A. This consists of a $28 million insto placement and $12 million SPP. We asked experts on The Call, Rudi Filapek-Vandyck from FNArena and Claude Walker from A Rich Life to…
Australia’s unemployment rate is predicted to hit 9.25% in the December quarter this year as the shockwaves from the Covid-19 pandemic continue to hit the national economy, Treasurer Josh Frydenberg said in updating the government’s budget figure In the Economic and Fiscal Update released today, the Treasurer said 700,000 jobs had been saved as a…
It’s certainly shaping up to be an interesting earnings season with companies struggling to get an accurate gauge on earnings in the wake of the pandemic. Investment Director, Small Caps at IFM Investors, Melinda White, says 157 companies withdrew guidance during the peak of the lockdowns, with 123 of them in the small-cap space. She…
Big tick of approval from IMF for Australia The International Monetary Fund is the prestigious economic think tank funded by 189 countries to promote trade and financial stability. It regularly provides report cards on the health of the global economy and individual countries… and has been keeping a close eye on the economic fallout of…
On Anzac Day eve, it’s really important to make tomorrow special as a tribute for all those Australians who made so many sacrifices for this country. I actually think it will be special. Australians are wonderful at pulling together. Just in my community area, and those of my children and grandchildren, the plans to remember…
The good news is that all our good work in trying to reduce new cases of Coronavirus is working… and impressively so. The disruption to our lives is really paying dividends. When you look at the tragic death rates in the US and UK, you realise how lucky we are to be here in Australia….
NSW Premier Gladys Berejiklian is encouraging the state’s citizens to hop online and get qualified. The premier has announced a number of TAFE courses will now be available for free and she is urging people to make use of their time at home to upskill. “It means people can start preparing for when these difficult…
A few years of stellar returns has convinced many people that investing in property is a sure thing....
It’s a funny thing when you realise that your parents are old. It makes you reflect on their...
Every working Australian is invested in the sharemarket… through their superannuation. As global sharemarkets tank and the doomsayers...
