Articles On Praemium (ASX:PPS)

Last year was a wild ride for ASX technology shares. Sure, the S&P/ASX All Technology Index (ASX: XTX) was up a gentle 3.72% for 2021. But along the way it was also 15% down (in May) and more than 12% up (in November). Aside from teach...

World Overnight SPI Overnight 7310.00 + 39.00 0.54% S&P ASX 200 7364.80 + 9.80 0.13% S&P500 4696.56 + 47.33 1.02% Nasdaq Comp 15521.89 + 180.81 1.18% DJIA 35753.89 + 261.19 0.74% S&P500 VIX 18.63 – 2.38 – 11.33%...

The share market overcame early weakness to rise for a second day as index heavyweights CSL and Afterpay rebounded. The S&P/ASX 200 reversed direction in afternoon trade to finish ten points or 0.13 per cent ahead. BNPL leader Aft...

22 Dec 2021 - Praemium (ASX:PPS) is set to divest its international operations to US financial firm Morningstar for $65.1 million after saying "no" to Netwealth.

Specialist wealth platform Praemium Ltd (ASX: PPS) has announced it will sell its international business to Morningstar for $65.1 million (£35.0 million) in cash. The market has reacted positively to the news, sending Praemium shares 1.42%...

22 Dec 2021 - A snapshot of the stocks on the move featuring Rio Tinto (ASX:RIO), Flight Centre Travel Group (ASX:FLT), and Praemium (ASX:PPS).

Aussie shares drifted below break-even as the market consolidated its biggest advance in two weeks. A range-bound morning saw the S&P/ASX 200 flip an early gain of 19.5 points into a mid-session loss of 19 points or 0.26 per cent. In...

It is difficult to believe we have now been navigating a COVID-infected world for almost two years. Two years of uncertainty and tumult tests everyone’s resolve and resilience. And as we approach Christmas, Omicron represents another varian...

Praemium (PPS) agrees to sell its international business to Morningstar for £35 million (A$65.1 million) The international business includes Praemium’s operations in the United Kingdom, Jersey, Hong Kong and Dubai The sale of its business...

Wilson Asset Management (WAM) is one of the largest fund managers on the ASX. It has been growing its stable of Listed Investment Companies (LICs), which now number eight, for more than 20 years. One of WAM’s newer ASX LICs is WAM Microcap...

It’s been a brutal time recently for ASX technology stocks. The S&P/ASX All Technology Index (ASX: XTX) has sunk 3.6% over the past week as news of the COVID-19 Omicron variant emerged. Over the past month tech shares have fared even w...

Australian stocks were poised to open higher following gains on Wall Street as strong retail sales showed rising prices have yet to impact consumer spending.   ASX futures rallied 19 points or 0.26 per cent. The S&P/ASX 200 declined...

The fund manager Wilson Asset Management (WAM) has recently identified two top small cap ASX shares that it owns in its portfolio that could be ideas. WAM operates several listed investment companies (LICs). Some focus on larger companies...

ShareCafeNWL – Credit Suisse rates the stock as Outperform Netwealth Group has proposed a merger with Praemium ((PPS)) and although the latter has rejected the offer it is “open to engagement”. Credit Suisse finds strategic merit in the tra...

AIC Mines (ASX:A1M) led a group of 30 stocks running hot this week, amid another spate of big mining hits, M&A deals and clean energy winners. Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Stre...

The Netwealth Group Ltd (ASX: NWL) share price is in focus after the fintech business launched a takeover offer for Praemium Ltd (ASX: PPS). Do analysts think that Netwealth shares are worth looking at with this in mind? The proposed takeo...

Wealth platforms Netwealth Group Ltd (ASX: NWL) and Hub24 Ltd (ASX: HUB) are considered to be largely the same business. Technology-led disruptors. Number one and two for net inflows. Similar revenue margin and advisor numbers. NWL/HUB mark...

Shares in investment and financial services company Preamium Ltd (ASX: PPS) are having another splendid day in the green, currently trading 9.82% higher at $1.57. Whilst there’s been no market-sensitive information out of Praemium’s camp...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a strong gain. At the time of writing, the benchmark index is up 1% to 7,398.1 points. Four ASX shares that are climbing more than most today are listed below....

Outside of the Melbourne Cup, the Reserve Bank of Australia garnered all the attention on Tuesday with a range of ‘experts’ predicting rate hikes may be brought forward and yield curve control would be abandoned. As usual, they were only pa...

The Australian stock market quietly dipped into the red today, down by 0.7% with the Melbourne Cup and RBA taking centre stage. Whilst Verry Elleegant was taking the lap of honours at Flemington, the RBA announced that it will stick to the...

While you were watching the Melbourne Cup the ASX retreated, the RBA hinted an interest rate hike could be coming sooner than 2024, and a new IPO gained 165%. The ASX 200 closed at 7,324 points – 0.63% down from yesterday. The best sector w...

Australian shares fell for the third time in four sessions after the Reserve Bank abandoned a key support for low interest rates and walked back its outlook on official rates. The S&P/ASX 200 briefly halved its fall following the RBA...

Highlights IAG shares dropped after the company slashed guidance for FY22. Westpac extended fall on lower-than-expected annual earnings. Seven West Media and Prime Media shares extended rally for a second day on acquisition deal. Net...

Highlights Praemium has rejected a merger proposal from Netwealth. Under the proposal, for every 11.96 Praemium shares, Praemium shareholders would get one new Netwealth share.   The Company is open to engagement at an appropriate val...

Highlights The ASX 200 traded 0.5% lower ahead of the RBA policy decision. Seven of 11 sectors traded in the red, while financial sector declined the most. Top losers on the ASX were IAG, Whitehaven Coal and Brickworks. Australian...

Highlights The ASX 200 was up 0.3% this morning to 7,390. IAG has reduced its profit margin guidance from 13.5%-15.5% to 10%-12%. Seven out of the 11 sectors were trading in the green, with the real estate sector gaining the most, an...

Australian shares gave up early gains as caution set in ahead of this afternoon’s keenly-awaited Reserve Bank policy update. The S&P/ASX 200 fell 53 points or 0.72 per cent by mid-session, reversing an early advance of 25 points....

Praemium (PPS) knocks back a takeover bid from ASX 200-listed rival Netwealth (NWL), claiming the $785 million offer is too low Praemium says the unsolicited offer “undervalued Praemium’s business and is not in the best interests of Praemi...

Shares in investment and financial services company Praemium Ltd (ASX: PPS) are soaring today and are now at $1.43 apiece, up 15% on yesterday’s closing price. Praemium shares are gaining ground after the company advised it had received a...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. At the time of writing, the benchmark index is down 0.5% to 7,331.5 points. Four ASX shares that are not letting that hold them back a...

At lunch on Tuesday, the S&P/ASX 200 Index (ASX: XJO) is on course to give back most of yesterday’s gains. The benchmark index is currently down 0.4% to 7,343.1 points. Here’s what is happening on the ASX 200 today: Netwealth wants to...

Both the Netwealth Group Ltd (ASX: NWL) and Praemium Ltd (ASX: PPS) share prices will be on watch today after Netwealth proposed a merger of the two companies. Currently, the Netwealth share price is largely unmoved at $17.20. Conversely, t...

Wealth platform Praemium (ASX:PPS) has rejected a merger bid from fund manager Netwealth (ASX:NWL) but indicated it would be open to a higher price. “Very strong value proposition” Netwealth proposed a merger worth $785 million – a 29% prem...

Netwealth’s put a line in the sand at Praemium, offering its shareholders about a 15 per cent stake in the combined group in a bid to kick off talks between the companies. 

Now that wealth platform Praemium is officially in play, watchers are turning their minds to who could follow Netwealth and come calling.

Australia's fastest-growing wealth management platform Netwealth (ASX: NWL) has proposed a scrip-based takeover offer to Praemium (ASX: PPL) at a 29 per cent premium, but the target's board unanimously believes the bid undervalues its momen...

The Netwealth Group Ltd (ASX: NWL) share price is edging lower on Tuesday morning. In early trade, the investment platform provider’s shares are down 0.5% to $17.42. Why is the Netwealth share price edging lower The catalyst for the fall i...

The ASX-listed specialist wealth management platforms are showing no signs of slowing momentum, with all three players delivering record net inflows over the September quarter (1Q22), coming in materially ahead of market expectations. Stron...

After the unexpected end of Victoria’s lockdown the only way was up for the market, with the S&P/ASX 200 (ASX: XJO) gaining 0.3% to start the week. Whilst not a large gain it hid a further divergence in cyclical versus defensive sectors...

The Praemium Ltd (ASX: PPS) share price took off today following a positive quarterly update from the investment platform provider. At the closing bell, Praemium shares finished at $1.245, up 6.87%. How did Praemium perform? According to i...

Since the COVID-19 crash, we’ve written a number of posts reflecting our view that a boom in Mergers and Acquisitions would continue, that 2022 has all the hallmarks of another positive year for asset prices – particularly quality equities...

Welcome to the FNArena Corporate Results Monitor. Today's Reports: ((BBN)) - Baby Bunting ((BPT)) - Beach Energy ((BEN)) - Bendigo & Adelaide Bank ((BSL)) - BlueScope Steel ((CAR)) - Carsales ((GDF)) - GARDA Property ((GWA)) - GWA Gro...

Highlights As of 10:30 AM AEST, the ASX 200 has fallen 0.27% 20.5 points to 7,608. Nine out of the 11 sectors are trading lower today, depicting a market wide selling in today’s session. Sydney Airport has rejected an improved bid fro...

The Praemium Ltd (ASX: PPS) share price is in the red on Monday morning as the financial software company reports its FY21 earnings. At the time of writing, shares in the company are trading for $1.14 – down 9.52%. The S&P/ASX 200 Inde...

The Praemium Ltd (ASX: PPS) share price is climbing higher today.   At the time of writing, shares in the fintech company are trading higher for the day near their all-time high of $1.28.   The Praemium share price has perked up after anno...

Wall Street rises to record highs as US inflation softens US stock markets were mixed on Wednesday, following US inflation release which showed the pace of CPI growth has softened. The CPI rose by 0.3% in July which was lower than expected,...

When the Board of Directors suddenly sacks the CEO of a company ‘effective immediately’ the share price typically tanks as investors stampede for the exit, shooting first, asking questions later. However, in the curious case of Praemium (AS...

Summary Macquarie Telecom, Praemium, and Michael Hill have been under the spotlight, delivering double-digit growth in the last few days. Macquarie Telecom filed a State Significant Development Application to construct a new data centr...