The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to open flat today with many investors still enjoying their Christmas holidays. It could, however, receive a boost from international markets overnight.
Here’s a quick recap:
- FTSE 100 (UK): up 0.06%
- DAX (Germany): up 0.19%
- CAC 40 (France): up 0.18%
- Dow Jones (USA): up 0.06%
- NASDAQ (USA): up 0.45%
Woolworths Limited (ASX: WOW) announced this morning that it would generate roughly $1.8 billion from the sale of its fuel business, which it will use to strengthen its balance sheet and core businesses.
Legal eagle Slater & Gordon Limited (ASX: SGH) said it had yesterday reached agreements with its lenders to make further amendments to its bank finance facilities. It did note, however, that the maturity date of its facilities remains unchanged at May 2018.
Energy business Sundance Energy Australia Ltd (ASX: SEA) could come into focus after it announced two separate transactions late on Friday, after the market had closed. It acquired some wells in Texas for $7.1 million. It also divested an acreage block in Texas, receiving cash proceeds of $7.1 million.
Sundance’s fellow energy business, MMA Offshore Ltd (ASX: MRM), also released a trading update on Friday. It still expects full-year operating earnings before interest, tax, depreciation and amortisation (EBITDA) to be between $20 million and $25 million, but said the market for its services remains “extremely difficult to predict”.
Speculative human resources business 1-Page Ltd (ASX: 1PG) announced its founder and CEO Joanna Riley would step down from her position to focus on strategy and business development. Peter Kent, the group’s current CFO, will assume the role.
Finally, Myer Holdings Ltd (ASX: MYR) said it had been served with legal proceedings by the landlords of its Chadstone store, seeking an aggregate amount of $19.14 million plus GST, as well as interest and costs.
Myer believes the claim, which relates to a “mutual mistake in the drafting of the variable outgoings provisions in the lease for the Myer Chadstone store or that those provisions have been misinterpreted”, has no proper basis, denies any liability under it and will vigorously defend it.
5 stocks under $5
We hear it over and over from investors, "I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I'd be sitting on a gold mine!" And it's true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
- Coronavirus (COVID-19): 6 charts every Australian needs to see – April 6, 2020 1:46pm
- Innovation through crisis – April 2, 2020 11:48am
- Coronavirus (Covid-19): Why Is Italy’s Fatality Rate So Bad? – March 26, 2020 3:39pm