LA Private

August 2024

Navigating resource sector volatility

David Franklyn, Executive Director and Head of Funds Management at Argonaut, explains how the Argonaut Natural Resources Fund has managed to outperform its benchmark despite a challenging year for the resources sector. He outlines his approach to portfolio construction and how global trends in energy transition and geopolitical uncertainty are shaping investment decisions.

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ASX down 2.93% at noon: US recession fears loom

At noon, the S&P/ASX 200 is 2.93 per cent lower at 7,710.70. This dramatic fall is primarily attributed to escalating US recession fears ignited by disappointing jobs data and a surge in Goldman Sachs’ recession probability indicator. Consequently, tech stocks, particularly those heavily invested in artificial intelligence, have suffered significant losses, leading the overall market

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Ramsay warns of weaker underlying profit

Private hospital operator Ramsay Health Care (ASX:RHC) has warned that write-downs and impairment charges against some of its European businesses will weaken its underlying 2023-24 results compared to the previous year. However, the profit from the sale of its Sime Darby venture will significantly boost statutory profit. Ramsay expects a net profit from continuing operations

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Argo holds steady amidst profit dip

Argo Investments (ASX:ARG) has maintained its final dividend for shareholders despite a dip in earnings to $253.0 million for the year ended June. This decline was due to lower distributions from portfolio companies. The group’s net tangible asset return after all costs and adjusted for company tax paid was +11.0%. This compares to the index

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Diagnosing autism and ADHD from a smartphone

BlinkLab Limited (ASX:BB1) Non-Executive Chairman Brian Leedman discusses transforming smartphones into diagnostic tools. Manny Anton: Hello. I’m Manny Anton for the Finance News Network, and today I’m talking with BlinkLab (ASX:BB1). BlinkLab, trading under the ASX code “BB1”, has a market capitalisation of approximately $25m. BlinkLab is a pioneering neuroscience company that turns ordinary mobile

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ASX to dive as Wall Street crashes

Another big drop is ahead for the ASX today (Monday) after Wall Street plummeted on Friday. The ASX 200 is expected to decline by 115 points this morning following Friday’s near-panic sell-off, which wiped $50 billion from valuations and left the market down 2.1% at 7,943.20. The 171.50-point fall on Friday was not as severe

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