It's not often I blog about specific stocks but today the ASX has been very interesting as we come into Dividend Season. To save you the time I've compiled a short list of stocks that you should be watching, not necessarily stocks to invest in, stocks to watch.
Toll Holdings:
Toll is Australia's leading freight firm and has operated for 126 years. Their head office is in Mascot and today Japan Post announced a takeover plan. This saw the price increase from $6.08 at yesterday's close of business to $8.95 today. That's an increase of 47.20% according to Commsec's share trading application. Japan Post would look at paying $9.04 per share according to reports today.
Seven West Media Group:
Media is a volatile sector, and Seven West has posted a loss of $1 billion. Surprisingly, the market didn't respond negatively. In fact the shares peaked at $1.475 at close of business today, however, overall, there was no change and they closed at $1.42.
iSentia Group Limited:
iSentia is a media monitoring business which first listed on the ASX in June 2014 after acquiring Australian Associated Press' media monitoring arm in May of last year. Today they posted that they were ahead on financial targets and would be paying out a dividend of 3.1 cents per share. The market was excited at hearing this news and the share price went up from $2.87 at close of business yesterday to $3.05 today. It reached a high of $3.12. Last year iSentia was listed on the ASX at $2.45. This stock is definitely one to watch as it is a media intelligence business that basically has no competition within the Asia Pacific region. As CEO John Croll reiterated today, iSentia's business strategy is a combination of acquisition and diversification within the media intelligence sector.
I'll bring you more sharemarket updates as there are noteworthy developments.
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