Daily FNArena News - Australia

Taking a sizeable share of the local government software provision market, ReadyTech has announced the acquisition of IT Vision

A young demographic, less likely to be exposed to rising mortgage costs and the impacts of rate hikes, looks to be Universal Store’s saving grace as discretionary retail peers feel the pressure of inflation.

GUD Holdings’ downgrade to FY22 earnings guidance has caused analysts to cut forecasts, also pulling back valuations and price targets

Brokers lower price targets after Hub24’s fourth quarter net inflows were impacted by market volatility though generally remain upbeat on the longer-term outlook

Following ResMed’s purchase of Medifox Dan, brokers remain upbeat though some question the benefits of SaaS acquisitions to date

Overseas expansion could be a lucrative growth opportunity for Jumbo Interactive, if the company can overcome barriers to enter the market

Cleanaway Waste Management has outlined growth opportunity in the waste-to-energy market, but investors are warned costs will increase sizeably in coming years to accommodate it

Despite recent rain events and covid impacts, brokers remain confident on the outlook for Maas Group after recent confirmation of FY22 guidance

Rising rates, a slowing economy and falling house prices are creating operational headwinds for Wesfarmers

Following a fourth quarter trading update from Audinate Group, brokers remain Buy-rated and positive on the outlook