1 00:00:05,280 --> 00:00:06,600 Speaker 1: This is what the Flux. 2 00:00:06,680 --> 00:00:08,959 Speaker 2: I'm Brett and I'm Just and it's Friday, the tenth 3 00:00:09,000 --> 00:00:09,520 Speaker 2: of October. 4 00:00:09,800 --> 00:00:12,760 Speaker 3: Boy, Australia's free to air television ad market has dropped 5 00:00:12,760 --> 00:00:16,560 Speaker 3: almost ten percent so far this year. According to Guideline SMI. 6 00:00:16,640 --> 00:00:19,119 Speaker 3: It was an eighteen percent drop alone in the free 7 00:00:19,160 --> 00:00:22,320 Speaker 3: to air ad market in August compared to last August. 8 00:00:22,440 --> 00:00:25,040 Speaker 3: So it's no surprise to hear about the Seven West 9 00:00:25,079 --> 00:00:26,840 Speaker 3: and Southern Cross Media merger last week. 10 00:00:26,920 --> 00:00:30,120 Speaker 2: Desperation flucksav We are back and kicking and give them 11 00:00:30,160 --> 00:00:32,760 Speaker 2: a fifty bucks today for the fastest fingers and the 12 00:00:32,840 --> 00:00:35,639 Speaker 2: smartest person in our weekly quiz at Quick six. If 13 00:00:35,640 --> 00:00:37,120 Speaker 2: you want to win fifty bucks to kick off your 14 00:00:37,120 --> 00:00:39,360 Speaker 2: weekend on a high, make sure you download the Flux app, 15 00:00:39,400 --> 00:00:41,440 Speaker 2: have your notications turned on, and if you're the first 16 00:00:41,440 --> 00:00:43,760 Speaker 2: person to add them correctly, money could be yours. 17 00:00:43,920 --> 00:00:46,959 Speaker 3: Three revolutionary stories today, Juzzy boy, Let's do it for 18 00:00:47,000 --> 00:00:50,480 Speaker 3: our first Guzman Igomez has launched a one hundred million 19 00:00:50,479 --> 00:00:53,080 Speaker 3: dollar share buy back as its sales continue to pick 20 00:00:53,159 --> 00:00:54,920 Speaker 3: up for the Big Burrito cooking a bit. 21 00:00:54,800 --> 00:00:56,880 Speaker 2: Of confidence in their kitchen now being in So what 22 00:00:57,000 --> 00:00:57,840 Speaker 2: is the story here? 23 00:00:57,880 --> 00:01:00,560 Speaker 3: So Gyg is an Australian fast food chain that was 24 00:01:00,560 --> 00:01:02,840 Speaker 3: founded in Sydney in two thousand and six, and since 25 00:01:02,880 --> 00:01:06,200 Speaker 3: then it's grown into Australia's very own Mexican food empire. 26 00:01:06,280 --> 00:01:08,520 Speaker 3: YEP listed on the ASX in twenty twenty four and 27 00:01:08,560 --> 00:01:10,960 Speaker 3: its share price boomed on its listing day, up thirty 28 00:01:10,959 --> 00:01:12,280 Speaker 3: six percent and man at. 29 00:01:12,200 --> 00:01:15,480 Speaker 2: Its peak, GYG was valued at nearly four billion dollars. 30 00:01:15,520 --> 00:01:17,600 Speaker 3: I must say it is quite hard to resist a 31 00:01:17,720 --> 00:01:20,640 Speaker 3: drive through burrito Gluten free of course, be man always, 32 00:01:20,680 --> 00:01:23,160 Speaker 3: but it hasn't been all smooth sailing though for GYG. 33 00:01:23,360 --> 00:01:23,480 Speaker 1: Now. 34 00:01:23,600 --> 00:01:26,319 Speaker 3: In the past financial year, GYG failed to meet the 35 00:01:26,360 --> 00:01:27,720 Speaker 3: market's earnings expectation. 36 00:01:27,800 --> 00:01:29,920 Speaker 2: It's share price slid from forty five bucks down to 37 00:01:30,040 --> 00:01:31,160 Speaker 2: just twenty four dollars. 38 00:01:31,160 --> 00:01:33,759 Speaker 3: But it looks like they might be turning things around 39 00:01:33,880 --> 00:01:36,880 Speaker 3: with a reported eighteen point six percent rise in the 40 00:01:36,880 --> 00:01:38,240 Speaker 3: most recent quarterly sales. 41 00:01:38,280 --> 00:01:41,240 Speaker 2: So now Gg's announced plans for one hundred million dollar 42 00:01:41,319 --> 00:01:43,240 Speaker 2: share buy back over the next twelve months. 43 00:01:43,280 --> 00:01:44,759 Speaker 1: Big So what is the key learning here? 44 00:01:44,840 --> 00:01:46,959 Speaker 2: A share buyback is when a company buys back its 45 00:01:46,959 --> 00:01:49,240 Speaker 2: own shares from the stock market, and why would they 46 00:01:49,280 --> 00:01:51,360 Speaker 2: do that well? With fewer shares on the market, each 47 00:01:51,400 --> 00:01:53,480 Speaker 2: share gets a boosting value. 48 00:01:53,280 --> 00:01:55,720 Speaker 3: So it's one way a company can give back value 49 00:01:55,760 --> 00:01:57,480 Speaker 3: to shareholders without paying a dividend. 50 00:01:57,560 --> 00:02:00,520 Speaker 2: Plus it's signals to the market the company's feeling confident 51 00:02:00,560 --> 00:02:02,920 Speaker 2: about their share price being currently undervalued. 52 00:02:02,960 --> 00:02:04,960 Speaker 3: Yeah, because hey, we think we're worth more than the 53 00:02:05,000 --> 00:02:06,200 Speaker 3: markets giving us credit for. 54 00:02:06,400 --> 00:02:07,960 Speaker 1: So we want to slice yep. 55 00:02:07,760 --> 00:02:10,400 Speaker 2: And GG is just one of manyuzzy companies that are 56 00:02:10,400 --> 00:02:12,560 Speaker 2: announcing share buybacks this earning season. 57 00:02:12,560 --> 00:02:15,040 Speaker 3: In fact, just last month, Telstra announced a one billion 58 00:02:15,080 --> 00:02:15,880 Speaker 3: dollar share buy back. 59 00:02:15,960 --> 00:02:18,440 Speaker 2: CSL announced the seven hundred and fifty million dollars. 60 00:02:18,240 --> 00:02:21,040 Speaker 3: Share by back, and analysts show that when buybacks are announced, 61 00:02:21,080 --> 00:02:23,840 Speaker 3: the company tends to outperform the broader share market by 62 00:02:23,840 --> 00:02:26,000 Speaker 3: about ten percent in the following twelve months. 63 00:02:26,000 --> 00:02:28,320 Speaker 2: So b man, it seems like GG is betting on 64 00:02:28,360 --> 00:02:31,280 Speaker 2: their future burrito sales to boost the value of their company. 65 00:02:31,360 --> 00:02:34,680 Speaker 3: For our second story, Costco and Audi a chipping away 66 00:02:34,720 --> 00:02:37,519 Speaker 3: at Australia's major supermarkets with more than seventeen and a 67 00:02:37,560 --> 00:02:39,320 Speaker 3: half billion dollars in annual sales. 68 00:02:39,360 --> 00:02:41,959 Speaker 2: The price war is on and the winners are US. 69 00:02:42,080 --> 00:02:43,000 Speaker 1: Yes, so tell me all. 70 00:02:43,040 --> 00:02:43,120 Speaker 2: So. 71 00:02:43,200 --> 00:02:46,680 Speaker 3: Costco is a US warehouse style retailer that was founded 72 00:02:46,760 --> 00:02:47,880 Speaker 3: in nineteen eighty three. 73 00:02:48,000 --> 00:02:50,840 Speaker 2: It's known for its membership model and it's bulk buy bargains, 74 00:02:50,880 --> 00:02:54,400 Speaker 2: but also random stuff like huge TVs, or diamonds or 75 00:02:54,440 --> 00:02:56,000 Speaker 2: four hundred dolls of toilet paper now. 76 00:02:56,040 --> 00:02:58,519 Speaker 3: Costco first opened in Melbourne in two thousand and nine 77 00:02:58,639 --> 00:03:01,360 Speaker 3: and has generated more than third twenty billion dollars in 78 00:03:01,440 --> 00:03:02,880 Speaker 3: Aussie sales since then. 79 00:03:02,760 --> 00:03:04,480 Speaker 2: And now be man. A new tax starter from the 80 00:03:04,480 --> 00:03:08,079 Speaker 2: ATO shows that Aldi and Costco generated a combined seventeen 81 00:03:08,120 --> 00:03:10,640 Speaker 2: and a half billion dollars in sales across Australia in 82 00:03:10,760 --> 00:03:11,480 Speaker 2: f I twenty four. 83 00:03:11,560 --> 00:03:14,000 Speaker 3: Audi made about twelve and a half billion, while Costco 84 00:03:14,120 --> 00:03:16,079 Speaker 3: tipped the scales just over five. 85 00:03:15,880 --> 00:03:17,040 Speaker 1: Billion for the financial year. 86 00:03:17,040 --> 00:03:18,920 Speaker 2: And to put that into context, b Man Cole's had 87 00:03:18,960 --> 00:03:22,040 Speaker 2: annual sales of thirty nine billion dollars in that financial. 88 00:03:21,840 --> 00:03:24,520 Speaker 1: So not quite at Coal's levels, but getting there. 89 00:03:24,880 --> 00:03:27,680 Speaker 2: And with Audi and Costco coming hard for ossie consumers, 90 00:03:27,800 --> 00:03:30,800 Speaker 2: it's forced Coals and Woolies to be more price competitive. 91 00:03:30,919 --> 00:03:32,120 Speaker 1: So what is the key learning here? 92 00:03:32,280 --> 00:03:34,720 Speaker 2: Competition keeps everybody on us YEP. 93 00:03:34,800 --> 00:03:38,720 Speaker 3: For years, Colson Woolies dominated Australian grocery shopping with very 94 00:03:38,760 --> 00:03:40,160 Speaker 3: little real challenge. 95 00:03:40,240 --> 00:03:43,520 Speaker 2: But when global discount players like Audi and Costco come in, 96 00:03:43,640 --> 00:03:46,040 Speaker 2: it forces them to rethink pricing and value. 97 00:03:46,080 --> 00:03:47,880 Speaker 3: And Jessie, wait, we know that Woolies has had a 98 00:03:47,920 --> 00:03:50,120 Speaker 3: bit of a mayor over the past few years. 99 00:03:50,160 --> 00:03:52,600 Speaker 2: Yep, It's share prices dropped forty four percent over the 100 00:03:52,640 --> 00:03:53,480 Speaker 2: past two years. 101 00:03:53,280 --> 00:03:55,920 Speaker 1: Alone, and it's forced both Woolies and Coals to act. 102 00:03:56,000 --> 00:03:58,320 Speaker 2: In fact, Coals and Woolies have narrowed their price gap 103 00:03:58,360 --> 00:04:01,400 Speaker 2: with Audi by almost thirty percent since mid twenty twenty three. 104 00:04:01,440 --> 00:04:05,760 Speaker 3: We'd been talking chicken, mince milk, frozen pizza. 105 00:04:05,000 --> 00:04:07,840 Speaker 2: And ultimately it means that consumers like us are the 106 00:04:07,880 --> 00:04:08,680 Speaker 2: biggest winners. 107 00:04:08,760 --> 00:04:12,800 Speaker 3: For our third and final story, Salesforce, the global cloud 108 00:04:12,800 --> 00:04:15,480 Speaker 3: based software giant, has found itself caught in a major 109 00:04:15,520 --> 00:04:16,680 Speaker 3: cybersecurity storm. 110 00:04:16,880 --> 00:04:19,520 Speaker 2: Not what they need, all their customers need right now, BMN, 111 00:04:19,560 --> 00:04:20,560 Speaker 2: so tell me what's going on. 112 00:04:20,640 --> 00:04:24,440 Speaker 3: So. Salesforce is one of the biggest customer relationship management. 113 00:04:24,160 --> 00:04:27,160 Speaker 2: Platforms, also known as CRMs if you're on the acronym terms. 114 00:04:27,440 --> 00:04:30,560 Speaker 3: It's grown from one of the early San Francisco startups 115 00:04:30,560 --> 00:04:32,799 Speaker 3: of nineteen ninety nine to a two hundred and thirty 116 00:04:32,920 --> 00:04:34,839 Speaker 3: billion US dollar company, and. 117 00:04:34,880 --> 00:04:36,880 Speaker 2: It's used by more than one hundred and fifty thousand 118 00:04:36,880 --> 00:04:40,160 Speaker 2: companies globally to send emails, to store data and engage 119 00:04:40,160 --> 00:04:40,760 Speaker 2: with their customer. 120 00:04:40,800 --> 00:04:43,440 Speaker 3: And these companies store a whole range of sensitive customer data. 121 00:04:43,440 --> 00:04:46,760 Speaker 3: In Salesforce, we'd be talking names and emails, IDs, even 122 00:04:46,800 --> 00:04:50,480 Speaker 3: purchase histories. Now a hacker claims to have breached Salesforce 123 00:04:50,640 --> 00:04:54,239 Speaker 3: systems and stolen data from thirty nine major companies. 124 00:04:53,800 --> 00:04:57,720 Speaker 2: Companies like Toyota and Google, chanel Ikeia McDonald's, as well 125 00:04:57,720 --> 00:05:01,560 Speaker 2: as our very own Quantus not the Big Queue, and 126 00:05:01,640 --> 00:05:04,680 Speaker 2: the group is demanding Salesforce cough up a ransom by 127 00:05:04,680 --> 00:05:07,720 Speaker 2: today US time, or it will leak the stolen data 128 00:05:07,760 --> 00:05:09,040 Speaker 2: to the dark Web and Juzzyboy. 129 00:05:09,040 --> 00:05:11,840 Speaker 3: If Salesforce continues to refuse to pay a ransom, the 130 00:05:11,960 --> 00:05:15,719 Speaker 3: data of millions of customers worldwide could soon be exposed online. 131 00:05:16,040 --> 00:05:17,480 Speaker 2: So what is the key learning here? 132 00:05:17,560 --> 00:05:21,000 Speaker 3: In today's digital world, data has become extremely valuable but 133 00:05:21,080 --> 00:05:23,920 Speaker 3: also extremely vulnerable. Yeah, even if a company locks down 134 00:05:23,960 --> 00:05:27,320 Speaker 3: its own systems, it's only secure as its weakest link. 135 00:05:27,360 --> 00:05:29,520 Speaker 1: In these cases, it's often third parties. 136 00:05:29,400 --> 00:05:33,120 Speaker 2: Cloud providers, call centers, or software partners like Salesforce. 137 00:05:32,720 --> 00:05:35,160 Speaker 3: Putting it simply, when they get hacked, your customer data 138 00:05:35,200 --> 00:05:36,640 Speaker 3: can become collateral damage. 139 00:05:36,720 --> 00:05:38,560 Speaker 2: And this isn't the first time this year that Quantus 140 00:05:38,640 --> 00:05:41,719 Speaker 2: customers have been collateral damage in a third party breech yep. 141 00:05:41,720 --> 00:05:44,000 Speaker 3: In July this year, Quantus told its customers that the 142 00:05:44,120 --> 00:05:47,039 Speaker 3: data of five point seven million frequent flyers have been 143 00:05:47,080 --> 00:05:48,919 Speaker 3: accessed by cyber criminals the weeklink. 144 00:05:49,040 --> 00:05:51,560 Speaker 2: That time a call center operator who was tricked into 145 00:05:51,600 --> 00:05:54,240 Speaker 2: opening access to Quantus as Salesforce system. 146 00:05:53,960 --> 00:05:54,640 Speaker 1: So juzzy boy. 147 00:05:54,680 --> 00:05:57,280 Speaker 3: Assuming Salesforce does not pay a ransom, it could mean 148 00:05:57,320 --> 00:05:59,279 Speaker 3: a whole lot of angry customers. 149 00:05:58,839 --> 00:06:01,200 Speaker 2: Customers who trust selles Force with some of its most 150 00:06:01,240 --> 00:06:03,520 Speaker 2: sensitive data. Plus up. If you want to kick up 151 00:06:03,520 --> 00:06:05,560 Speaker 2: the weekend with fifty bus in your pocket and on 152 00:06:05,640 --> 00:06:07,040 Speaker 2: a high, all you need to do is be in 153 00:06:07,040 --> 00:06:08,919 Speaker 2: the Flux app at the right time and be the 154 00:06:09,000 --> 00:06:12,119 Speaker 2: fastest person to answer three business or finance questions correctly. 155 00:06:12,240 --> 00:06:13,680 Speaker 2: To make sure to download the Flux app, have your 156 00:06:13,680 --> 00:06:16,480 Speaker 2: notifications turned on your chance to win quick six today. 157 00:06:16,560 --> 00:06:19,000 Speaker 1: Thanks for listening and we'll see you on Monday.