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Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

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Speaker 1: for Thursday, the thirteenth of February twenty twenty five. I'm

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Speaker 1: Sean Alma. Every afternoon, we've got the five stories that

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Speaker 1: happened today that you need to know about. Story number one.

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Speaker 1: The smp ASX two hundred hit a new record high

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Speaker 1: today of eighty five hundred and seventy five point two points.

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Speaker 1: Big Mine has led the way, peaked about eleven thirty

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Speaker 1: this morning, but by the close it was back to

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Speaker 1: where it started. Hopes of an interest rate cut next

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Speaker 1: week is underpinning the confidence at the moment. Is also

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Speaker 1: a pretty good earning season going on. The highlight on

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Speaker 1: the market today was trading in Sigma Healthcare, which now

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Speaker 1: includes Chemist Warehouse. The company is worth about thirty two

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Speaker 1: billion dollars at share price jumped five percent today. Storry

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Speaker 1: number two renovators have spurred strong sales at Temple and Webster,

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Speaker 1: with the online retailer reporting high demand for sofas, beds,

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Speaker 1: and bathroom fixtures. Revenue and profit will both higher and

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Speaker 1: above expectations. The group's share price jumped fifteen percent today.

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Speaker 1: Tamilon Webster sells more than two hundred thousand products, operating

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Speaker 1: a platform that allows hundreds of suppliers to ship directly

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Speaker 1: to customers. While the must haves are doing well, the

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Speaker 1: want to have things like art and mirrors aren't doing

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Speaker 1: so well. Sales in the last half I helped by

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Speaker 1: a growing number of new customers and those returning for purchases.

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Speaker 1: The retailer intends to increase its home brand range of

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Speaker 1: bathroom fixtures, with the home improvement sectors seemingly the fastest

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Speaker 1: growing category. Straight number three. Primedicus has reported record revenue

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Speaker 1: and profit, but the Medical Imaging Groups share price fell

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Speaker 1: three percent today. It's a stock that's priced to perfection.

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Speaker 1: Any disappointment and it gets sold off. And that's exactly

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Speaker 1: what happened today. It just disappointed a touch and its

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Speaker 1: share price fell. Mind you, the stock's up about ten

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Speaker 1: or eleven percent this year, one hundred and six percent

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Speaker 1: over the last year, about one thousand percent over the

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Speaker 1: past five years. Literally one thousand percent over the past

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Speaker 1: five years is a pretty good result. More cash, new

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Speaker 1: contracts in the US, bread of pofit margins. Thing is,

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Speaker 1: it's just a very very expensive stock based on forecasts

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Speaker 1: of future earnings Promedicus is way more expensive than most

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Speaker 1: other tech stocks and much much much more expensive than

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Speaker 1: companies like Commonwealth Bank. Hence, when it disappoints, it gets

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Speaker 1: sold off. Story at number four. Good news for the

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Speaker 1: asex Limited, the company that houses the local share market.

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Speaker 1: It makes money in part by enticing more companies to

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Speaker 1: list on the exchange, and boss Helen Lofthouse said that

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Speaker 1: is happening, pointing to the Chemist Warehouse Sigma deal. The

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Speaker 1: volatility markets also helps asex Limited. It announced a ten

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Speaker 1: percent higher profit today for the six months to the

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Speaker 1: end of December that was pre tax. Its share price

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Speaker 1: closed up five percent. Finally, some good news for that

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Speaker 1: stock and story number five. President Donald Trump said Washington

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Speaker 1: and Moscow will begin negotiations immediately on ending the war

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Speaker 1: in Ukraine after speaking with his Russian counterpart, Vladimir Putin.

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Speaker 1: The call suggests a dramatic turnaround in the US Russian

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Speaker 1: relationship amid signs Washington would reduce its support for Ukraine

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Speaker 1: after almost three years of war. Trump wrote on his

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Speaker 1: Truth social platform that he and Putin had agreed to

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Speaker 1: work together very closely, expressing confidence that talks would be

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Speaker 1: his words, successful, and vowing no more lives should be lost.

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Speaker 1: He said. The two leaders had also agreed to visit

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Speaker 1: each other's nations. The President then told reporters that he

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Speaker 1: and Putin would meet in Saudi Arabia. The core between

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Speaker 1: the two, which the Tremlin said lasted nearly ninety minutes,

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Speaker 1: was the first time Washington and Moscow have spoken at

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Speaker 1: the highest level since Russia's full scale invasion of Ukraine

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Speaker 1: in twenty twenty two. Trump spoke to Putin and then

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Speaker 1: called Vladimir Selenski, the President of Ukraine. If the Afternoon

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Speaker 1: Report for Thursday, the thirteenth of February twenty twenty five,

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Speaker 1: make sure you hit follow on the podcast. We'll be

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Speaker 1: back to our own morning with the Friday edition. The

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Speaker 1: Fast by Business used by Peer and Greek. I'm Sean

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Speaker 1: Elmer and Joggery