This is what the flucks.
I'm justin and I'm harsh, cheap, and it's Wednesday, the eleventh of September.
Surprise guest, and she very excited to have you back on the pod. Now, Flax fan Brett has just had his very first baby, and while he's in baby world, it is great to have HD back on the pod breaking down every single business news story.
So excited to be back, and so excited for Brett too.
I know now she put that pizza down. I see you're holding right there because Tomernho's Pizza Enterprises has been hit they shareholder class action. Now get this. The class action claims that investors were misled in twenty twenty one about the expected performance of Domino's in Japan, which, let's be honest, hasn't been great. Oh so they're looking for some damages off the back of that, and this isn't looking good for your mega meat lover's pizza.
Flux fam August was a big month for ASX listed companies in the Flux app. We've broken down the best performing companies on the ASX two hundred. Who performed the best, what was the reason, and also the trends across the INDUS, so make sure to download the Flux app to check out the top performing companies on the ASEX in August.
Three high performing stories today, HD, let's get into it for our first, Safety Culture, the workplace safety tech company has raised one hundred and sixty five million bucks, but its valuation took a little bit of a haircut in the process.
Nothing like a bit of a trim on the val Tell me what's going on here?
It does, okay. So Safety Culture started back in two thousand and four as a safety documents business.
Like all good and bad startups, it was first created in a garage in Townsville.
Now HD, Safety Culture does over six hundred million safety checks per year.
But since then it's also expanded to provide broader enterprise software.
And actually, just over twelve months ago, Safety Culture raised capital at a two point seventy five billion dollar valuation.
That is a very large valuation for a company that does something pretty unsexy, true.
So now Safety Culture is back at the well again. This time it's raised one hundred and sixty five million bacarinis.
But there are a few asterisks on this one go on. Firstly, the one hundred and sixty five million dollars was raised at a seven point five percent decline on its valuation last year.
On top of that, only seventy five million of the fresh capital will be allocated for growth.
The other ninety million will go towards secondary sales.
So what is the key learning here?
A secondary sale is when shareholders of a company sell their shares to another buyer.
By doing this AGEH, the company isn't creating new shares, but ownership of existing shares is changing and does?
Why do companies do?
Secondary share sales give shareholders a chance to liquidate their shares and pocket a windfall without the company while the company is still.
Private, and given Safety Culture is still private, it gives the founders, early investors, and early employees a way to cash in on some of their gains.
HD. If Safety Culture was a public company, investors and employees, they could buy and sell shares as they please.
Yeah, but in the private world, shares just aarnors liquid For.
Our second story, Apple share price has fallen more than one percent after its annual product launch. Did that's why to excite investors as much as they expect it?
Fun fact, Apple stock has fallen on twelve of the seventeen prior iPhone launch, so not too surprising. But tell me more.
Pulling out all the facts, HG. So every year in September, Apple aka the largest company in the whole wide world by Marc and Value, makes a big houha about its new product releases.
We're talking new iPhones, iPads, Apple watches, matts, as well as software upgrades.
And this is product launch was very highly anticipated. Yep.
It was called glow Time, and as part of this product launch, it announced a new Watch series ten with a sleep app with a sleep app near detector.
It also rolled out new AirPods where you could nod to answer calls. That's huge.
But the piece de resistance for glow Time was the new iPhone sixteen.
It wasn't the extended life battery that was exciting, or the.
Fact that it's water and dust resistance, or the new camera. Nope. The most anticipated feature on the new iPhone sixteen was actually its software. Because this baby will be rocking Apple Intelligence in it.
That's Apple's fancy way of saying.
Let's be honest, Siri has been in need of a desperate upgrade since about the iPhone four.
Yeah, and HG, Apple's AI is supposedly meant to help you technodes can pose emails, sort photos.
In fact, Apple CEO Tim Cook reckons the iPhone sixteen marks the beginning of a new era.
Of course he does. He's hoping this is the beginning of a whole new upgrade cycle.
So what's the key learning here?
The upgrade cycle is the pattern of replacing whole technology with newer versions.
Get this jazz. About three hundred million iPhones have not been upgraded in more than four years.
That's according to Webbush.
And given more than half of Apple's revenue comes from the iPhone, there's a lot of potential revenue to unlock with upgraded iPhones and HG.
Although the Apple Intelligence is a software upgrade, it will only work on iPhones fifteen or above.
As a result, Webbush predicts that more than two hundred and forty million iPhone units will be sold in the twenty twenty five financial year. For our third and final story, Wires has been granted an Australian financial services licensed by ASSEK, which means it will take it up to other investment platforms.
Geez why is making moves in the Australian market, hd SO tell me more well.
Wi's previously known as transfer Wise, is a London based fintech company that was founded in twenty eleven and listed in twenty twenty one.
It's mainly known for disrupting the global money transfer market from old school companies like Western Unions.
In Australia, Wise has become a popular option for travelers going overseas.
But now they're going into even greener pass shoes.
Wise has announced that it's been granted an Australian Financial services license by ASSEX.
And that means it can start to expand the types of financial service offerings in Australia that it has.
With its new shiny license, WIS has created a new investment product for Australian customers called Assets Now.
Effectively it's a money market fund, which means Why's's customers will be able to earn a return on multiple currencies while their money sits idle.
So what is the key learning here?
Money market funds are a type of mutual fund that invests in short term, low risk financial assets.
Seek government bonds, treasury builds, and high quality corporate debt.
And actually, because they're pretty stable and they're pretty liquid, they're not going to give you a massive.
Return, but they have become one of the safest places to part cash alongside a savings account.
Get this right now, Why does the Australian customers currently hold over one billion dollars on its platform.
Sitting pretty but not owning money at all?
So why is it finding new ways to monetize the service of holding on to that money?
Customers get to invest their money in low risk short term products, and why is get to take a clip in the process.
At she I loved reading the article in the app about the best performing ASX listed companies in August plucks down. Here's a little sneak peek for you why sex Global was up there with the twenty four percent jump in augits So if you want to learn more about the best performing stocks and the ASX two hundred, make sure to download the Flux app and check it all out. A she amazing to have you on the pot again. We've got you for the next couple of weeks, don't we
Absolutely thanks for listening and we'll see you on Friday.