Latest / What the Flux / SafetyCulture's valuation gets a cut | Apple's new iPhone release | Wise brings the challenge to Australia

Transcript

SafetyCulture's valuation gets a cut | Apple's new iPhone release | Wise brings the challenge to Australia · What the Flux

• 0:05
  Speaker 1: This is what the flucks.
• 0:06
  Speaker 2: I'm justin and I'm harsh, cheap, and it's Wednesday, the
• 0:09
  Speaker 2: eleventh of September.
• 0:10
  Speaker 1: Surprise guest, and she very excited to have you back
• 0:13
  Speaker 1: on the pod. Now, Flax fan Brett has just had
• 0:15
  Speaker 1: his very first baby, and while he's in baby world,
• 0:17
  Speaker 1: it is great to have HD back on the pod
• 0:20
  Speaker 1: breaking down every single business news story.
• 0:22
  Speaker 2: So excited to be back, and so excited for Brett too.
• 0:25
  Speaker 1: I know now she put that pizza down. I see
• 0:27
  Speaker 1: you're holding right there because Tomernho's Pizza Enterprises has been
• 0:30
  Speaker 1: hit they shareholder class action. Now get this. The class
• 0:33
  Speaker 1: action claims that investors were misled in twenty twenty one
• 0:36
  Speaker 1: about the expected performance of Domino's in Japan, which, let's
• 0:39
  Speaker 1: be honest, hasn't been great. Oh so they're looking for
• 0:42
  Speaker 1: some damages off the back of that, and this isn't
• 0:44
  Speaker 1: looking good for your mega meat lover's pizza.
• 0:47
  Speaker 2: Flux fam August was a big month for ASX listed
• 0:50
  Speaker 2: companies in the Flux app. We've broken down the best
• 0:53
  Speaker 2: performing companies on the ASX two hundred. Who performed the best,
• 0:57
  Speaker 2: what was the reason, and also the trends across the INDUS,
• 1:00
  Speaker 2: so make sure to download the Flux app to check
• 1:02
  Speaker 2: out the top performing companies on the ASEX in August.
• 1:05
  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
• 1:13
  Speaker 1: has raised one hundred and sixty five million bucks, but
• 1:16
  Speaker 1: its valuation took a little bit of a haircut in
• 1:18
  Speaker 1: the process.
• 1:19
  Speaker 2: Nothing like a bit of a trim on the val
• 1:21
  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
• 1:24
  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
• 1:30
  Speaker 2: in a garage in Townsville.
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  Speaker 1: Now HD, Safety Culture does over six hundred million safety
• 1:35
  Speaker 1: checks per year.
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  Speaker 2: But since then it's also expanded to provide broader enterprise software.
• 1:40
  Speaker 1: And actually, just over twelve months ago, Safety Culture raised
• 1:43
  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
• 1:48
  Speaker 2: does something pretty unsexy, true.
• 1:51
  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,
• 2:01
  Speaker 2: the one hundred and sixty five million dollars was raised
• 2:04
  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
• 2:10
  Speaker 1: fresh capital will be allocated for growth.
• 2:12
  Speaker 2: The other ninety million will go towards secondary sales.
• 2:15
  Speaker 1: So what is the key learning here?
• 2:17
  Speaker 2: A secondary sale is when shareholders of a company sell
• 2:20
  Speaker 2: their shares to another buyer.
• 2:21
  Speaker 1: By doing this AGEH, the company isn't creating new shares,
• 2:24
  Speaker 1: but ownership of existing shares is changing and does?
• 2:28
  Speaker 2: Why do companies do?
• 2:29
  Speaker 1: Secondary share sales give shareholders a chance to liquidate their
• 2:32
  Speaker 1: shares and pocket a windfall without the company while the
• 2:35
  Speaker 1: company is still.
• 2:36
  Speaker 2: Private, and given Safety Culture is still private, it gives
• 2:39
  Speaker 2: the founders, early investors, and early employees a way to
• 2:42
  Speaker 2: cash in on some of their gains.
• 2:44
  Speaker 1: HD. If Safety Culture was a public company, investors and employees,
• 2:48
  Speaker 1: they could buy and sell shares as they please.
• 2:50
  Speaker 2: Yeah, but in the private world, shares just aarnors liquid For.
• 2:54
  Speaker 1: Our second story, Apple share price has fallen more than
• 2:57
  Speaker 1: one percent after its annual product launch. Did that's why
• 3:00
  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
• 3:05
  Speaker 2: seventeen prior iPhone launch, so not too surprising. But tell
• 3:09
  Speaker 2: me more.
• 3:10
  Speaker 1: Pulling out all the facts, HG. So every year in September,
• 3:13
  Speaker 1: Apple aka the largest company in the whole wide world
• 3:15
  Speaker 1: by Marc and Value, makes a big houha about its
• 3:18
  Speaker 1: new product releases.
• 3:19
  Speaker 2: We're talking new iPhones, iPads, Apple watches, matts, as well
• 3:23
  Speaker 2: as software upgrades.
• 3:24
  Speaker 1: And this is product launch was very highly anticipated. Yep.
• 3:28
  Speaker 2: It was called glow Time, and as part of this
• 3:30
  Speaker 2: product launch, it announced a new Watch series ten with
• 3:33
  Speaker 2: a sleep app with a sleep app near detector.
• 3:35
  Speaker 1: It also rolled out new AirPods where you could nod
• 3:37
  Speaker 1: to answer calls. That's huge.
• 3:39
  Speaker 2: But the piece de resistance for glow Time was the
• 3:41
  Speaker 2: new iPhone sixteen.
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  Speaker 1: It wasn't the extended life battery that was exciting, or the.
• 3:46
  Speaker 2: Fact that it's water and dust resistance, or the new camera. Nope.
• 3:50
  Speaker 2: The most anticipated feature on the new iPhone sixteen was
• 3:53
  Speaker 2: actually its software. Because this baby will be rocking Apple
• 3:56
  Speaker 2: Intelligence in it.
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  Speaker 1: That's Apple's fancy way of saying.
• 4:00
  Speaker 2: Let's be honest, Siri has been in need of a
• 4:02
  Speaker 2: desperate upgrade since about the iPhone four.
• 4:05
  Speaker 1: Yeah, and HG, Apple's AI is supposedly meant to help
• 4:08
  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.
• 4:17
  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.
• 4:21
  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
• 4:26
  Speaker 1: with newer versions.
• 4:27
  Speaker 2: Get this jazz. About three hundred million iPhones have not
• 4:30
  Speaker 2: been upgraded in more than four years.
• 4:32
  Speaker 1: That's according to Webbush.
• 4:34
  Speaker 2: And given more than half of Apple's revenue comes from
• 4:36
  Speaker 2: the iPhone, there's a lot of potential revenue to unlock
• 4:39
  Speaker 2: with upgraded iPhones and HG.
• 4:40
  Speaker 1: Although the Apple Intelligence is a software upgrade, it will
• 4:44
  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
• 4:49
  Speaker 2: and forty million iPhone units will be sold in the
• 4:51
  Speaker 2: twenty twenty five financial year. For our third and final story,
• 4:55
  Speaker 2: Wires has been granted an Australian financial services licensed by ASSEK,
• 5:00
  Speaker 2: which means it will take it up to other investment platforms.
• 5:02
  Speaker 1: Geez why is making moves in the Australian market, hd
• 5:05
  Speaker 1: SO tell me more well.
• 5:06
  Speaker 2: Wi's previously known as transfer Wise, is a London based
• 5:10
  Speaker 2: fintech company that was founded in twenty eleven and listed
• 5:13
  Speaker 2: in twenty twenty one.
• 5:14
  Speaker 1: It's mainly known for disrupting the global money transfer market
• 5:17
  Speaker 1: from old school companies like Western Unions.
• 5:20
  Speaker 2: In Australia, Wise has become a popular option for travelers
• 5:22
  Speaker 2: going overseas.
• 5:23
  Speaker 1: But now they're going into even greener pass shoes.
• 5:26
  Speaker 2: Wise has announced that it's been granted an Australian Financial
• 5:29
  Speaker 2: services license by ASSEX.
• 5:31
  Speaker 1: And that means it can start to expand the types
• 5:33
  Speaker 1: of financial service offerings in Australia that it has.
• 5:36
  Speaker 2: With its new shiny license, WIS has created a new
• 5:39
  Speaker 2: investment product for Australian customers called Assets Now.
• 5:42
  Speaker 1: Effectively it's a money market fund, which means Why's's customers
• 5:46
  Speaker 1: will be able to earn a return on multiple currencies
• 5:49
  Speaker 1: while their money sits idle.
• 5:50
  Speaker 2: So what is the key learning here?
• 5:52
  Speaker 1: Money market funds are a type of mutual fund that
• 5:54
  Speaker 1: invests in short term, low risk financial assets.
• 5:57
  Speaker 2: Seek government bonds, treasury builds, and high quality corporate debt.
• 6:01
  Speaker 1: And actually, because they're pretty stable and they're pretty liquid,
• 6:04
  Speaker 1: they're not going to give you a massive.
• 6:05
  Speaker 2: Return, but they have become one of the safest places
• 6:08
  Speaker 2: to part cash alongside a savings account.
• 6:11
  Speaker 1: Get this right now, Why does the Australian customers currently
• 6:13
  Speaker 1: hold over one billion dollars on its platform.
• 6:16
  Speaker 2: Sitting pretty but not owning money at all?
• 6:19
  Speaker 1: So why is it finding new ways to monetize the
• 6:21
  Speaker 1: service of holding on to that money?
• 6:23
  Speaker 2: Customers get to invest their money in low risk short
• 6:26
  Speaker 2: term products, and why is get to take a clip
• 6:28
  Speaker 2: in the process.
• 6:29
  Speaker 1: At she I loved reading the article in the app
• 6:31
  Speaker 1: about the best performing ASX listed companies in August plucks down.
• 6:35
  Speaker 1: Here's a little sneak peek for you why sex Global
• 6:38
  Speaker 1: was up there with the twenty four percent jump in
• 6:40
  Speaker 1: augits So if you want to learn more about the
• 6:42
  Speaker 1: best performing stocks and the ASX two hundred, make sure
• 6:44
  Speaker 1: to download the Flux app and check it all out.
• 6:46
  Speaker 1: A she amazing to have you on the pot again.
• 6:48
  Speaker 1: We've got you for the next couple of weeks, don't
• 6:50
  Speaker 1: we
• 6:50
  Speaker 2: Absolutely thanks for listening and we'll see you on Friday.