Stocks of the Hour: NAB, Crown Resorts & PointsBet

Company News

by Lauren Evans

NAB (ASX:NAB) has more than doubled its final dividend after reporting a strong rebound in profit during the 2021 financial year. The banking giant’s cash earnings beat expectations and rose 76.8 per cent to $6.6 billion during the year. Shares in National Australia Bank (ASB:NAB) are trading 1.6 per cent lower at $28.66.

Crown Resorts (ASX:CWN) has appointed Simon McGrath from Accor Pacific as CEO of Crown Sydney and group head of hospitality. McGrath is expected to commence employment in February next year. Shares in Crown Resorts (ASX:CWN) are trading 1.4 per cent lower at $9.84.

PointsBet New York (ASX:PBH) has been recommended by the New York State Gaming Commission to recieve a platform provider licence to operate mobile sports wagering in New York. The company was 1 of 9 operators that were recommended. Shares in PointsBet (ASX:PBH) are trading 8.6 per cent higher at $9.

Click on the ASX code and company for the full story.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.