Steve Daghlian
๐ค SpeakerAppearances Over Time
Podcast Appearances
And from one update to another, we've got Woodside Energy.
It's up in the order of 2% today.
So it's benefiting in part from the roughly 3% lift in oil prices last night.
But the energy group also said in an update today that it expects those strong prices for LNG probably going to be helpful as far as boosting profits in coming quarters.
So over the March quarter, LNG prices up an average of around 11% on the prior quarter.
And Reliance Worldwide, this is the plumbing products company, it rose 3.6% yesterday, up another 3% today.
Now, yesterday it did confirm that it's on track to meet its goals for the year.
It said it doesn't have direct exposure to the war or the closure of the Strait of Hormuz, but it did also flag that higher prices are certainly lifting certain costs like resin logistics, and it's needing to essentially lift prices to offset that.
And it also warned, of course,
on Tuesday, that a prolonged conflict could certainly be a negative, I guess, for the years ahead.
The longer it lasts, the worse it could be.
And I will also mention G8 education.
It's down about 29% today.
It's the lowest it's been on the ASX in 17 years.
Released an update, roughly one page long, saying that it suspended operations at around 40 of its childcare centres.
It announced cost-cutting measures across its support office as well.
It blamed this on weaker occupancy, other pressures.
It's had serious child safety incidents at those centres as
over the last couple of years, but also falling birth rates and affordability issues are other things that it's blamed today.
Yeah, and the following day in the United States too.