ASX 200 (ASX:XJO) midday update: Aristocrat hits record high, Flight Centre sinks

It has been another busy day on the ASX 200…

| More on:
woman talking on the phone and giving financial advice whilst analysing the stock market on the computer with a pen

Image source: Getty Images

At lunch on Thursday, the S&P/ASX 200 Index (ASX: XJO) has recovered from a soft start and is pushing higher. The benchmark index is currently up 0.15% to 7,424.4 points.

Here’s what is happening on the ASX 200 on Thursday:

Aristocrat Leisure share price hits record high

The Aristocrat Leisure Limited (ASX: ALL) share price stormed to a record high today. This morning the gaming technology company announced the successful completion of the institutional component of its $1.3 billion entitlement offer. It raised ~$895 million at $41.85 per new share. In addition, a bookbuild for institutional entitlement offer shortfall shares cleared at a price of $47.10 per new share. This represents a premium of $5.25 to the offer price and a 2.8% premium to the Aristocrat share price prior to its trading halt. These funds will be used to acquire London-listed leading global online gambling software and content supplier, Playtech, for $5 billion.

Flight Centre shares sink

The Flight Centre Travel Group Ltd (ASX: FLT) share price is tumbling lower today. This appears to have been driven by the issue of convertible notes. According to the release, the travel agent has raised $400 million through the issue of senior unsecured convertible notes for maturity in 2028. Flight Centre intends to use the net proceeds to pay down existing debt and take advantage of the current ultra-low rates on fixed-rate debt financing to help fund its growth vision into the future.

ANZ notable items

The Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price is trading lower on Thursday. This follows the announcement of notable items that will impact its second half profits totalling $129 million after tax. The bank notes that this is the equivalent of 3 basis points of CET1 capital at level two. The majority of this relates to remediation charges of $113 million after tax.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Thursday has been the Healius Ltd (ASX: HLS) share price with a 6% gain. This follows the announcement of huge profit growth during the first quarter. The worst performer has been the Flight Centre share price with a 6% decline following its convertible note offering.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

Top 10 - asx shares today
Share Market News

Here are the top 10 ASX shares today

Today, the S&P/ASX 200 Index (ASX: XJO) fought back against the selling pressure throughout the day to finish in the green. …

Read more »

The word inflation written with a ticking time bomb.
Share Market News

Why is it when Jerome Powell sneezes, the ASX 200 catches a cold?

Key points The ASX 200 took a hit following comments from the United States Federal Reserve chair Jerome Powell Expectations …

Read more »

blue arrows representing a rising share price ASX 200
Share Market News

These 3 ASX 200 shares are topping the volume charts this Friday

Finally, a day of green for ASX shares! The S&P/ASX 200 Index (ASX: XJO) is bouncing back strongly today, after a …

Read more »

Young boy wearing suit and glasses adds up on calculator with coins on table
Share Market News

This world-famous fund manager is ‘buying the dip’. Here’s why

Key points Bill Ackman is one of the most famous fund managers in the world He runs Pershing Square Capital …

Read more »

Two male ASX 200 analysts stand in an office looking at various computer screens showing share prices
Share Market News

ASX 200 (ASX:XJO) midday update: ResMed and PointsBet disappoint

At lunch on Friday, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a much-needed positive …

Read more »

A man activates an arrow shooting up into a cloud sign on his phone, indicating share price movement in ASX tech shares
Share Market News

Is the Betashares Nasdaq 100 ETF (ASX:NDQ) an opportunity in this market correction?

Could the Betashares Nasdaq 100 ETF (ASX: NDQ) be a good opportunity during this correction for both the global share …

Read more »

A woman shouts through a megaphone.
Share Market News

2 ASX growth shares to buy in February with 40% upside

If you’re looking to make some additions to your portfolio in February, then the two ASX shares listed below could …

Read more »

Business woman watching stocks and trends while thinking
Share Market News

5 things to watch on the ASX 200 on Friday

On Thursday, the S&P/ASX 200 Index (ASX: XJO) fought hard and was able to record a small gain. The benchmark index rose …

Read more »