What mattered in markets today?

Patrick Poke

Kogan was on a tear today, up 8.7% on a trading update. After listing in July last year with an IPO price of $1.80, Kogan has struggled, falling as low as $1.32. The stock is now up ~20% for the year-to-date but remains 11% below the IPO price. Medical device manufacturer, Nanosonics, was the best-performing stock in the ASX200 today, up 6.5% after announcing a 131% jump in half-year sales. On Friday after markets closed, Primary Healthcare (PRY) announced that CEO & MD, Peter Gregg, had resigned, but “will remain in his role enabling the Company to benefit from Mr Gregg’s strategic leadership.” PRY announced to the market earlier last week that Mr Gregg had been served a court attendance notice by ASIC relating to two alleged contraventions of the Corporations Act during his time as an officer of Leighton Holdings. Mr Gregg denies the allegations. PRY was down 2.8%.

What interested me today?

A Collection of all the videos from Livewire’s 2017 Outlook Series: (VIEW LINK)

Roger Montgomery explains why investors consistently underperform the funds they invest in: (VIEW LINK)

Astrophysicist, Ethan Siegel shares 5 scientific myths you probably believe about the Universe: (VIEW LINK)

Barry Ritholtz interviews Brett Steenbarger, clinical psychologist and trading coach on Masters In Business radio: (VIEW LINK)

Announcement by Primary Healthcare: (VIEW LINK)


Patrick Poke

Patrick was one of Livewire’s first employees, joining in 2015 after nearly a decade working in insurance, superannuation, and retail banking. He is passionate about investing, with a particular interest in Australian small-caps.

Expertise

ASX:PRY Longform ASX:NAN ASX:KGN

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