Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Link Administration Holdings Limited
  6. News
  7. Summary
    LNK   AU000000LNK2

LINK ADMINISTRATION HOLDINGS LIMITED

(LNK)
  Report
Delayed Australian Stock Exchange  -  09:08 2022-11-30 pm EST
3.525 AUD   -0.42%
11/21Link Administration Sells Part of PEXA Group Stake for $68 Million
MT
11/21Australian shares end lower as China COVID curbs drag miners
RE
11/21An unknown buyer completed the acquisition of a 4.277% stake in PEXA Group Limited from Link Administration Holdings Limited.
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies
Days
:
Hours
:
Minutes
:
Seconds

Banks lift Australian shares to near 3-week high

10/05/2022 | 01:48am EST

(Updates to close)

*

ASX 200 hits highest level since Sept 15

*

Financials top gainers in benchmark index

*

RBNZ hikes rates by 50 bps

Oct 5 (Reuters) - Australian shares climbed to their highest levels in nearly three weeks on Wednesday, with banks leading gains, as investors found comfort in the central bank's smaller-than-expected interest rate hike.

The S&P/ASX 200 index closed 1.7% higher at 6,815.70, with major sub-indexes ending in black. The benchmark closed 3.8% higher on Tuesday.

Market sentiment was boosted as the Reserve Bank of Australia (RBA) slowed its pace of raising rates on Tuesday, saying they had already risen substantially, although it added that further tightening would still be needed.

"The RBA's undersized 25bp hike came as a huge relief for equity traders, and hopes that the Fed (U.S. Federal Reserve) could be nearing a pivot of their own ... have provided another leg higher for the ASX 200," said Matt Simpson, senior market analyst at City Index.

Financials gained 2.3% to hit a three-week high, with the country's four largest banks advancing between 2.1% and 3.4%.

Miners rose 1.3% to notch their highest level since Sept. 13. The mining trio BHP Group, Rio Tinto and Fortescue Metals Group added between 1.1% and 2.4%.

Rate-sensitive technology stocks surged 3.9% and tracked an overnight rally among their Wall Street peers. ASX-listed shares of Block and WiseTech Global rose 7.5% and 5.7%, respectively.

Link Administration climbed 6.7% and was among the top gainers in the benchmark index after the share registry firm received a A$1.27 billion ($823.47 million) bid from Canada's Dye & Durham for its corporate markets and banking segments.

In New Zealand, the benchmark S&P/NZX 50 closed 0.8% higher at 11,180.01. The country's central bank raised interest rates by 50 bps to a seven-year high of 3.5% and flagged more to come as it struggles to contain stubbornly high inflation.

"Today's statement provided little indication of the RBNZ (Reserve Bank of New Zealand) being ready to slow the pace of rate hikes yet," said Gordon Scott, an economist at RBC Capital Markets in a note.

Scott forecast a final 50 bps hike at the central bank's meeting next month.

($1 = 1.5423 Australian dollars) (Reporting by Upasana Singh in Bengaluru; Editing by Sherry Jacob-Phillips)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.03% 0.67941 Delayed Quote.-8.40%
BHP GROUP LIMITED 2.42% 46.6 Delayed Quote.36.58%
BRITISH POUND / US DOLLAR (GBP/USD) 0.04% 1.20733 Delayed Quote.-11.61%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.09% 0.74472 Delayed Quote.-6.29%
DYE & DURHAM LIMITED -2.86% 13.59 Delayed Quote.-68.83%
EURO / US DOLLAR (EUR/USD) 0.00% 1.0419 Delayed Quote.-9.04%
FORTESCUE METALS GROUP LIMITED 2.73% 19.92 Delayed Quote.1.30%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.33% 0.012292 Delayed Quote.-8.79%
LINK ADMINISTRATION HOLDINGS LIMITED -0.42% 3.525 Delayed Quote.-36.45%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.03% 0.63117 Delayed Quote.-9.85%
S&P/ASX 200 0.91% 7349.2 Real-time Quote.0.00%
WISETECH GLOBAL LIMITED 1.61% 57.9 Delayed Quote.-2.71%
All news about LINK ADMINISTRATION HOLDINGS LIMITED
11/21Link Administration Sells Part of PEXA Group Stake for $68 Million
MT
11/21Australian shares end lower as China COVID curbs drag miners
RE
11/21An unknown buyer completed the acquisition of a 4.277% stake in PEXA Group Limited from..
CI
11/18Link Administration Selling Some of its Stake in PEXA Group
MT
11/18An unknown buyer signed an underwriting agreement to acquire a 4.277% stake in PEXA Gro..
CI
10/20Link Administration : 2022 Notice of AGM
PU
10/19Link Administration Currently in Talks with D&D in Relation to A Revised Bid
CI
10/19Australia's Link Administration plans to divest UK-based Link Fund Solutions
RE
10/19Australia's Link Administration plans to divest UK-based Link Fund Solutions
RE
10/16UK's Hargreaves hit by lawsuit over Woodford fund failure
RE
More news
Financials
Sales 2023 1 205 M 808 M 808 M
Net income 2023 64,7 M 43,4 M 43,4 M
Net Debt 2023 928 M 623 M 623 M
P/E ratio 2023 23,5x
Yield 2023 3,32%
Capitalization 1 810 M 1 214 M 1 214 M
EV / Sales 2023 2,27x
EV / Sales 2024 2,17x
Nbr of Employees 7 000
Free-Float 96,1%
Chart LINK ADMINISTRATION HOLDINGS LIMITED
Duration : Period :
Link Administration Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LINK ADMINISTRATION HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Last Close Price 3,54 AUD
Average target price 3,75 AUD
Spread / Average Target 5,81%
EPS Revisions
Managers and Directors
Vivek Bhatia Chief Executive Officer, MD & Director
Andrew MacLachlan Chief Financial Officer
Michael Carapiet Independent Chairman
Nicole Pelchen Chief Technology Officer
Glen Francis Boreham Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
LINK ADMINISTRATION HOLDINGS LIMITED-36.45%1 194