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Updater Inc. (ASX:UPD) announced that it has processed over 20% of all the US household moves in the key months of 2018. It is estimated that by the end of this year company might have 3 million moves processed. The eligibility rate for Paytv and internet are more than doubled in the last 3 months from 03 June 2018. It means that more Updater users are eligible to avail the service through internet and PayTV. [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]
Also, the company is scheduling for delisting. On 8 October, 2018 company is planning to cease trading on ASX, followed by removal of company from ASX on 10 October, 2018. From 15 October, 2018 the company is going to initiate a comprehensive process of raising funds. The funds that are going to be raised will be used to deploy an acceleration plan and facilitate additional buy-back. The Company is having advanced discussions with multiple investment banks to assist in running the competitive process.
With the release of this news, the share prices of the company climbed up 10.05% on 14 September 2018. UPDâs shares traded at $1.150 with the market capitalization of $570.23 million as on 14 September.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a companyâs prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
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