Speaker 1: This is what the flucks.
Speaker 2: I'm justin and I'm harsh, cheap, and it's Wednesday, the
Speaker 2: eleventh of September.
Speaker 1: Surprise guest, and she very excited to have you back
Speaker 1: on the pod. Now, Flax fan Brett has just had
Speaker 1: his very first baby, and while he's in baby world,
Speaker 1: it is great to have HD back on the pod
Speaker 1: breaking down every single business news story.
Speaker 2: So excited to be back, and so excited for Brett too.
Speaker 1: I know now she put that pizza down. I see
Speaker 1: you're holding right there because Tomernho's Pizza Enterprises has been
Speaker 1: hit they shareholder class action. Now get this. The class
Speaker 1: action claims that investors were misled in twenty twenty one
Speaker 1: about the expected performance of Domino's in Japan, which, let's
Speaker 1: be honest, hasn't been great. Oh so they're looking for
Speaker 1: some damages off the back of that, and this isn't
Speaker 1: looking good for your mega meat lover's pizza.
Speaker 2: Flux fam August was a big month for ASX listed
Speaker 2: companies in the Flux app. We've broken down the best
Speaker 2: performing companies on the ASX two hundred. Who performed the best,
Speaker 2: what was the reason, and also the trends across the INDUS,
Speaker 2: so make sure to download the Flux app to check
Speaker 2: out the top performing companies on the ASEX in August.
Speaker 1: Three high performing stories today, HD, let's get into it
Speaker 1: for our first, Safety Culture, the workplace safety tech company
Speaker 1: has raised one hundred and sixty five million bucks, but
Speaker 1: its valuation took a little bit of a haircut in
Speaker 1: the process.
Speaker 2: Nothing like a bit of a trim on the val
Speaker 2: Tell me what's going on here?
Speaker 1: It does, okay. So Safety Culture started back in two
Speaker 1: thousand and four as a safety documents business.
Speaker 2: Like all good and bad startups, it was first created
Speaker 2: in a garage in Townsville.
Speaker 1: Now HD, Safety Culture does over six hundred million safety
Speaker 1: checks per year.
Speaker 2: But since then it's also expanded to provide broader enterprise software.
Speaker 1: And actually, just over twelve months ago, Safety Culture raised
Speaker 1: capital at a two point seventy five billion dollar valuation.
Speaker 2: That is a very large valuation for a company that
Speaker 2: does something pretty unsexy, true.
Speaker 1: So now Safety Culture is back at the well again.
Speaker 1: This time it's raised one hundred and sixty five million bacarinis.
Speaker 2: But there are a few asterisks on this one go on. Firstly,
Speaker 2: the one hundred and sixty five million dollars was raised
Speaker 2: at a seven point five percent decline on its valuation
Speaker 2: last year.
Speaker 1: On top of that, only seventy five million of the
Speaker 1: fresh capital will be allocated for growth.
Speaker 2: The other ninety million will go towards secondary sales.
Speaker 1: So what is the key learning here?
Speaker 2: A secondary sale is when shareholders of a company sell
Speaker 2: their shares to another buyer.
Speaker 1: By doing this AGEH, the company isn't creating new shares,
Speaker 1: but ownership of existing shares is changing and does?
Speaker 2: Why do companies do?
Speaker 1: Secondary share sales give shareholders a chance to liquidate their
Speaker 1: shares and pocket a windfall without the company while the
Speaker 1: company is still.
Speaker 2: Private, and given Safety Culture is still private, it gives
Speaker 2: the founders, early investors, and early employees a way to
Speaker 2: cash in on some of their gains.
Speaker 1: HD. If Safety Culture was a public company, investors and employees,
Speaker 1: they could buy and sell shares as they please.
Speaker 2: Yeah, but in the private world, shares just aarnors liquid For.
Speaker 1: Our second story, Apple share price has fallen more than
Speaker 1: one percent after its annual product launch. Did that's why
Speaker 1: to excite investors as much as they expect it?
Speaker 2: Fun fact, Apple stock has fallen on twelve of the
Speaker 2: seventeen prior iPhone launch, so not too surprising. But tell
Speaker 2: me more.
Speaker 1: Pulling out all the facts, HG. So every year in September,
Speaker 1: Apple aka the largest company in the whole wide world
Speaker 1: by Marc and Value, makes a big houha about its
Speaker 1: new product releases.
Speaker 2: We're talking new iPhones, iPads, Apple watches, matts, as well
Speaker 2: as software upgrades.
Speaker 1: And this is product launch was very highly anticipated. Yep.
Speaker 2: It was called glow Time, and as part of this
Speaker 2: product launch, it announced a new Watch series ten with
Speaker 2: a sleep app with a sleep app near detector.
Speaker 1: It also rolled out new AirPods where you could nod
Speaker 1: to answer calls. That's huge.
Speaker 2: But the piece de resistance for glow Time was the
Speaker 2: new iPhone sixteen.
Speaker 1: It wasn't the extended life battery that was exciting, or the.
Speaker 2: Fact that it's water and dust resistance, or the new camera. Nope.
Speaker 2: The most anticipated feature on the new iPhone sixteen was
Speaker 2: actually its software. Because this baby will be rocking Apple
Speaker 2: Intelligence in it.
Speaker 1: That's Apple's fancy way of saying.
Speaker 2: Let's be honest, Siri has been in need of a
Speaker 2: desperate upgrade since about the iPhone four.
Speaker 1: Yeah, and HG, Apple's AI is supposedly meant to help
Speaker 1: you technodes can pose emails, sort photos.
Speaker 2: In fact, Apple CEO Tim Cook reckons the iPhone sixteen
Speaker 2: marks the beginning of a new era.
Speaker 1: Of course he does. He's hoping this is the beginning
Speaker 1: of a whole new upgrade cycle.
Speaker 2: So what's the key learning here?
Speaker 1: The upgrade cycle is the pattern of replacing whole technology
Speaker 1: with newer versions.
Speaker 2: Get this jazz. About three hundred million iPhones have not
Speaker 2: been upgraded in more than four years.
Speaker 1: That's according to Webbush.
Speaker 2: And given more than half of Apple's revenue comes from
Speaker 2: the iPhone, there's a lot of potential revenue to unlock
Speaker 2: with upgraded iPhones and HG.
Speaker 1: Although the Apple Intelligence is a software upgrade, it will
Speaker 1: only work on iPhones fifteen or above.
Speaker 2: As a result, Webbush predicts that more than two hundred
Speaker 2: and forty million iPhone units will be sold in the
Speaker 2: twenty twenty five financial year. For our third and final story,
Speaker 2: Wires has been granted an Australian financial services licensed by ASSEK,
Speaker 2: which means it will take it up to other investment platforms.
Speaker 1: Geez why is making moves in the Australian market, hd
Speaker 1: SO tell me more well.
Speaker 2: Wi's previously known as transfer Wise, is a London based
Speaker 2: fintech company that was founded in twenty eleven and listed
Speaker 2: in twenty twenty one.
Speaker 1: It's mainly known for disrupting the global money transfer market
Speaker 1: from old school companies like Western Unions.
Speaker 2: In Australia, Wise has become a popular option for travelers
Speaker 2: going overseas.
Speaker 1: But now they're going into even greener pass shoes.
Speaker 2: Wise has announced that it's been granted an Australian Financial
Speaker 2: services license by ASSEX.
Speaker 1: And that means it can start to expand the types
Speaker 1: of financial service offerings in Australia that it has.
Speaker 2: With its new shiny license, WIS has created a new
Speaker 2: investment product for Australian customers called Assets Now.
Speaker 1: Effectively it's a money market fund, which means Why's's customers
Speaker 1: will be able to earn a return on multiple currencies
Speaker 1: while their money sits idle.
Speaker 2: So what is the key learning here?
Speaker 1: Money market funds are a type of mutual fund that
Speaker 1: invests in short term, low risk financial assets.
Speaker 2: Seek government bonds, treasury builds, and high quality corporate debt.
Speaker 1: And actually, because they're pretty stable and they're pretty liquid,
Speaker 1: they're not going to give you a massive.
Speaker 2: Return, but they have become one of the safest places
Speaker 2: to part cash alongside a savings account.
Speaker 1: Get this right now, Why does the Australian customers currently
Speaker 1: hold over one billion dollars on its platform.
Speaker 2: Sitting pretty but not owning money at all?
Speaker 1: So why is it finding new ways to monetize the
Speaker 1: service of holding on to that money?
Speaker 2: Customers get to invest their money in low risk short
Speaker 2: term products, and why is get to take a clip
Speaker 2: in the process.
Speaker 1: At she I loved reading the article in the app
Speaker 1: about the best performing ASX listed companies in August plucks down.
Speaker 1: Here's a little sneak peek for you why sex Global
Speaker 1: was up there with the twenty four percent jump in
Speaker 1: augits So if you want to learn more about the
Speaker 1: best performing stocks and the ASX two hundred, make sure
Speaker 1: to download the Flux app and check it all out.
Speaker 1: A she amazing to have you on the pot again.
Speaker 1: We've got you for the next couple of weeks, don't
Speaker 1: we
Speaker 2: Absolutely thanks for listening and we'll see you on Friday.