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Speaker 1: This is what the flucks.

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Speaker 2: I'm justin and I'm harsh, cheap, and it's Wednesday, the

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Speaker 2: eleventh of September.

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Speaker 1: Surprise guest, and she very excited to have you back

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Speaker 1: on the pod. Now, Flax fan Brett has just had

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Speaker 1: his very first baby, and while he's in baby world,

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Speaker 1: it is great to have HD back on the pod

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Speaker 1: breaking down every single business news story.

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Speaker 2: So excited to be back, and so excited for Brett too.

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Speaker 1: I know now she put that pizza down. I see

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Speaker 1: you're holding right there because Tomernho's Pizza Enterprises has been

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Speaker 1: hit they shareholder class action. Now get this. The class

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Speaker 1: action claims that investors were misled in twenty twenty one

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Speaker 1: about the expected performance of Domino's in Japan, which, let's

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Speaker 1: be honest, hasn't been great. Oh so they're looking for

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Speaker 1: some damages off the back of that, and this isn't

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Speaker 1: looking good for your mega meat lover's pizza.

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Speaker 2: Flux fam August was a big month for ASX listed

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Speaker 2: companies in the Flux app. We've broken down the best

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Speaker 2: performing companies on the ASX two hundred. Who performed the best,

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Speaker 2: what was the reason, and also the trends across the INDUS,

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Speaker 2: so make sure to download the Flux app to check

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Speaker 2: out the top performing companies on the ASEX in August.

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Speaker 1: Three high performing stories today, HD, let's get into it

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Speaker 1: for our first, Safety Culture, the workplace safety tech company

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Speaker 1: has raised one hundred and sixty five million bucks, but

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Speaker 1: its valuation took a little bit of a haircut in

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Speaker 1: the process.

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Speaker 2: Nothing like a bit of a trim on the val

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Speaker 2: Tell me what's going on here?

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Speaker 1: It does, okay. So Safety Culture started back in two

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Speaker 1: thousand and four as a safety documents business.

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Speaker 2: Like all good and bad startups, it was first created

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Speaker 2: in a garage in Townsville.

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Speaker 1: Now HD, Safety Culture does over six hundred million safety

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Speaker 1: checks per year.

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Speaker 2: But since then it's also expanded to provide broader enterprise software.

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Speaker 1: And actually, just over twelve months ago, Safety Culture raised

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Speaker 1: capital at a two point seventy five billion dollar valuation.

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Speaker 2: That is a very large valuation for a company that

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Speaker 2: does something pretty unsexy, true.

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Speaker 1: So now Safety Culture is back at the well again.

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Speaker 1: This time it's raised one hundred and sixty five million bacarinis.

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Speaker 2: But there are a few asterisks on this one go on. Firstly,

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Speaker 2: the one hundred and sixty five million dollars was raised

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Speaker 2: at a seven point five percent decline on its valuation

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Speaker 2: last year.

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Speaker 1: On top of that, only seventy five million of the

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Speaker 1: fresh capital will be allocated for growth.

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Speaker 2: The other ninety million will go towards secondary sales.

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Speaker 1: So what is the key learning here?

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Speaker 2: A secondary sale is when shareholders of a company sell

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Speaker 2: their shares to another buyer.

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Speaker 1: By doing this AGEH, the company isn't creating new shares,

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Speaker 1: but ownership of existing shares is changing and does?

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Speaker 2: Why do companies do?

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Speaker 1: Secondary share sales give shareholders a chance to liquidate their

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Speaker 1: shares and pocket a windfall without the company while the

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Speaker 1: company is still.

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Speaker 2: Private, and given Safety Culture is still private, it gives

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Speaker 2: the founders, early investors, and early employees a way to

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Speaker 2: cash in on some of their gains.

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Speaker 1: HD. If Safety Culture was a public company, investors and employees,

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Speaker 1: they could buy and sell shares as they please.

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Speaker 2: Yeah, but in the private world, shares just aarnors liquid For.

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Speaker 1: Our second story, Apple share price has fallen more than

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Speaker 1: one percent after its annual product launch. Did that's why

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Speaker 1: to excite investors as much as they expect it?

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Speaker 2: Fun fact, Apple stock has fallen on twelve of the

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Speaker 2: seventeen prior iPhone launch, so not too surprising. But tell

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Speaker 2: me more.

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Speaker 1: Pulling out all the facts, HG. So every year in September,

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Speaker 1: Apple aka the largest company in the whole wide world

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Speaker 1: by Marc and Value, makes a big houha about its

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Speaker 1: new product releases.

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Speaker 2: We're talking new iPhones, iPads, Apple watches, matts, as well

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Speaker 2: as software upgrades.

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Speaker 1: And this is product launch was very highly anticipated. Yep.

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Speaker 2: It was called glow Time, and as part of this

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Speaker 2: product launch, it announced a new Watch series ten with

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Speaker 2: a sleep app with a sleep app near detector.

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Speaker 1: It also rolled out new AirPods where you could nod

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Speaker 1: to answer calls. That's huge.

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Speaker 2: But the piece de resistance for glow Time was the

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Speaker 2: new iPhone sixteen.

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Speaker 1: It wasn't the extended life battery that was exciting, or the.

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Speaker 2: Fact that it's water and dust resistance, or the new camera. Nope.

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Speaker 2: The most anticipated feature on the new iPhone sixteen was

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Speaker 2: actually its software. Because this baby will be rocking Apple

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Speaker 2: Intelligence in it.

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Speaker 1: That's Apple's fancy way of saying.

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Speaker 2: Let's be honest, Siri has been in need of a

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Speaker 2: desperate upgrade since about the iPhone four.

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Speaker 1: Yeah, and HG, Apple's AI is supposedly meant to help

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Speaker 1: you technodes can pose emails, sort photos.

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Speaker 2: In fact, Apple CEO Tim Cook reckons the iPhone sixteen

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Speaker 2: marks the beginning of a new era.

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Speaker 1: Of course he does. He's hoping this is the beginning

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Speaker 1: of a whole new upgrade cycle.

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Speaker 2: So what's the key learning here?

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Speaker 1: The upgrade cycle is the pattern of replacing whole technology

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Speaker 1: with newer versions.

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Speaker 2: Get this jazz. About three hundred million iPhones have not

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Speaker 2: been upgraded in more than four years.

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Speaker 1: That's according to Webbush.

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Speaker 2: And given more than half of Apple's revenue comes from

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Speaker 2: the iPhone, there's a lot of potential revenue to unlock

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Speaker 2: with upgraded iPhones and HG.

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Speaker 1: Although the Apple Intelligence is a software upgrade, it will

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Speaker 1: only work on iPhones fifteen or above.

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Speaker 2: As a result, Webbush predicts that more than two hundred

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Speaker 2: and forty million iPhone units will be sold in the

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Speaker 2: twenty twenty five financial year. For our third and final story,

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Speaker 2: Wires has been granted an Australian financial services licensed by ASSEK,

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Speaker 2: which means it will take it up to other investment platforms.

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Speaker 1: Geez why is making moves in the Australian market, hd

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Speaker 1: SO tell me more well.

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Speaker 2: Wi's previously known as transfer Wise, is a London based

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Speaker 2: fintech company that was founded in twenty eleven and listed

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Speaker 2: in twenty twenty one.

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Speaker 1: It's mainly known for disrupting the global money transfer market

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Speaker 1: from old school companies like Western Unions.

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Speaker 2: In Australia, Wise has become a popular option for travelers

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Speaker 2: going overseas.

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Speaker 1: But now they're going into even greener pass shoes.

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Speaker 2: Wise has announced that it's been granted an Australian Financial

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Speaker 2: services license by ASSEX.

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Speaker 1: And that means it can start to expand the types

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Speaker 1: of financial service offerings in Australia that it has.

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Speaker 2: With its new shiny license, WIS has created a new

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Speaker 2: investment product for Australian customers called Assets Now.

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Speaker 1: Effectively it's a money market fund, which means Why's's customers

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Speaker 1: will be able to earn a return on multiple currencies

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Speaker 1: while their money sits idle.

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Speaker 2: So what is the key learning here?

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Speaker 1: Money market funds are a type of mutual fund that

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Speaker 1: invests in short term, low risk financial assets.

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Speaker 2: Seek government bonds, treasury builds, and high quality corporate debt.

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Speaker 1: And actually, because they're pretty stable and they're pretty liquid,

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Speaker 1: they're not going to give you a massive.

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Speaker 2: Return, but they have become one of the safest places

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Speaker 2: to part cash alongside a savings account.

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Speaker 1: Get this right now, Why does the Australian customers currently

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Speaker 1: hold over one billion dollars on its platform.

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Speaker 2: Sitting pretty but not owning money at all?

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Speaker 1: So why is it finding new ways to monetize the

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Speaker 1: service of holding on to that money?

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Speaker 2: Customers get to invest their money in low risk short

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Speaker 2: term products, and why is get to take a clip

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Speaker 2: in the process.

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Speaker 1: At she I loved reading the article in the app

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Speaker 1: about the best performing ASX listed companies in August plucks down.

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Speaker 1: Here's a little sneak peek for you why sex Global

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Speaker 1: was up there with the twenty four percent jump in

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Speaker 1: augits So if you want to learn more about the

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Speaker 1: best performing stocks and the ASX two hundred, make sure

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Speaker 1: to download the Flux app and check it all out.

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Speaker 1: A she amazing to have you on the pot again.

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Speaker 1: We've got you for the next couple of weeks, don't

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Speaker 1: we

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Speaker 2: Absolutely thanks for listening and we'll see you on Friday.