News

This year has started with a bang, and (thankfully) it wasn’t from the Korean Peninsula. Instead we were treated to Oprah mulling over a potential Presidential race in 2020 as the US (and world) grow increasingly frustrated over Trump’s behaviour.

There’s a lot of hype in the market at the moment with regard to Bitcoin. Almost every session on my weekly radio segment, a listener is asking;

The ASX200 pipped the magic 6,000 level again and added 1.64% for the month.

Over the last few months, Amazon has quietly been launching in Australia. Setting up a 'fulfilment' centre in Victoria, and having a token website with the standard bookshop front window. Meanwhile listed Aussie retailers like Harvey Norman, Myer, and JB HiFi have struggled with their share prices on the ASX as analysts brutally cut sales assumptions. Stock prices have been in a lull.

RIO has completed the sale of the Coal & Allied business in Australia for $2.7b US announced today an off market buyback to eligible shareholders. RIO has already announced a $500m buyback to be completed by the end of 2017. The off-market buyback is $700m AUD, and this will be followed with an additional $1.9b USD of on-market purchases.