ASX 200 flat, Aussie Broadband shares halted, Openpay rises

The ASX 200 was quiet today.
The post ASX 200 flat, Aussie Broadband shares halted, Openpay rises appeared first on The Motley Fool Australia. –

It was a relatively quiet day for the ASX. The S&P/ASX 200 Index (ASX: XJO) was essentially flat at 7,530 points.

Here are some of the highlights from the ASX:

Aussie Broadband Ltd (ASX: ABB)

The NBN-focused telco business announced today that its shares were going into a trading halt.

It said that that it’s in the process of making and finalising arrangements for a potential capital raising.

According to reporting by the Australian Financial Review, Aussie Broadband is looking to raise $120 million to accelerate product development and support new opportunities. It will be reportedly priced at $4 per share which represents a discount of 13.6%.

Openpay Group Ltd (ASX: OPY)

The Openpay share price rose around 4% today after the buy now, pay later company’s update on the latest partnerships that it has won.

It has signed partnerships with Goodyear and Dunlop Tyres Australia, with 450 tyre and auto service businesses including Beaurepaires, Goodyear Autocare and Dunlop Super Dealers.

Openpay also said that it has secured the status of being preferred buy now, pay later provider in partnership with the Victorian Automobile Chamber of Commerce (VACC) and Bosch Car Service Australia.

In its healthcare division, Openpay has signed an agreement with Nexus Hospitals.

It has also signed with Henry Schein UK, delivering an integration with software business Software of Excellence, which was described as a leader in providing dental practice management software and marketing solutions.

Openpay said that healthcare has also been launched in the UK with veterinary practices preparing to commence transacting with Openpay through the ezyVet integration.

The CEO and managing director of Openpay, Michael Eidel, said:

Openpay continues to establish partnerships with major ecosystem providers and aggregators in our target verticals across our key markets. With these new partnerships, we have deepened our focus into our core verticals in the UK, which together with the anticipated Payment Assist acquisition in Automotive and our imminent US launch, will set us up to achieve our long-term objectives of sustainable growth and profitability.

Biggest movers and shakers in the ASX 200

With a lack of actual announcements by ASX 200 companies, let’s look at some of the biggest movers.

At the green end of the ASX 200, three of the biggest gains were resources business Chalice Mining Ltd (ASX: CHN) which rose 6.3%, ASX travel share Flight Centre Travel Group Ltd (ASX: FLT) climbed 6.2% and cloud computing business Megaport Ltd (ASX: MP1) which rose 4.2%.

At the bottom of the ASX 200 performance table, the Appen Ltd (ASX: APX) share price fell 4.4% and the Regis Resources Limited (ASX: RRL) share price fell 4.6%.

The post ASX 200 flat, Aussie Broadband shares halted, Openpay rises appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Appen Ltd, Aussie Broadband Limited, and MEGAPORT FPO. The Motley Fool Australia owns shares of and has recommended Appen Ltd. The Motley Fool Australia has recommended Aussie Broadband Limited, Flight Centre Travel Group Limited, and MEGAPORT FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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