JB Hi-Fi has seen its sales growth slow but its tech-hungry shoppers are still helping it grow and grow
Tabcorp has seen its share price bounce 10% as it makes a big bet on live in-play sports betting
Google has seen its market value fall by more than $170 billion USD after its exclusivity as Safari’s search engine is under threat
_
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:05):
This is what the Flux. I'm Brett and I'm Justin
and it's Friday, the ninth of May. Dozzy boy.
Speaker 2 (00:10):
Donald Trump is back on his tariff game, and this
time he's targeting foreign movies with a one hundred percent
tarot and this could really hurt the film production industry
here in Australia. So now Australia's ambassador to the US,
Kevin Right, Yes, mister Kevin O seven himself has started
calling it a bluey tax, really tugging at the heart strings.
And Joe boy, everyone knows you do not mess with
(00:30):
blue That is a cultural crime.
Speaker 1 (00:33):
How dare they? Flux Adam, it is Friday, and you
know what we do on Fridays. We give away fifty
bucks to the smartest member of the Flux family. So
if you want to test your knowledge and win some
cash to kick off the weekend, make sure you download
the Flux app, have your notifications turned on, and be
the first to answer the quiz correctly.
Speaker 2 (00:49):
Three slick stories today, Dozzy boy, Let's do it for
our first. JB High Fi has seen its sales growth slow,
but its tech hungry shoppers are still helping it grow
and grow and grow.
Speaker 1 (00:59):
JB kIPS growing, grewing and grewing, so tell me we'll
be man well.
Speaker 2 (01:02):
JB High Fi was founded in nineteen seventy four and
has become one of Australia's largest retailers.
Speaker 1 (01:07):
Whitbydog in brightware houses and handridden price signs.
Speaker 2 (01:10):
Not to forget walls of headphones you didn't know you needed.
Speaker 1 (01:13):
But man, it ain't just JB anymore. The Jbhighfi group
has also got more retailers in its Motley group.
Speaker 2 (01:18):
Of course, JB owns the Good Guys, the White goods retailer.
Speaker 1 (01:21):
It also owns home appliance retailer E and S aka
the good guy's fancy cousin, and Jesse Boy.
Speaker 2 (01:27):
JB provided its quarterly results in its latest market update,
and it performed aoka Yeah.
Speaker 1 (01:32):
Sales at JB's Aussie stores grew six and a half
percent in the March.
Speaker 2 (01:35):
Quarter, which is a pretty solid result given many consumers
are tightening their belts and shutting down their wallets.
Speaker 1 (01:41):
But b man, it's still a smid lower than it's
seven point one percent growth it achieved in January on
the same store.
Speaker 2 (01:47):
But the Good Guys at E and S didn't quite
perform as strongly.
Speaker 1 (01:50):
So what is JB's secret sauce While the other retailers
are struggling.
Speaker 2 (01:53):
Well, consumers are still spending on mobile phones and computers.
Speaker 1 (01:57):
So it's yes to tech and no tatoasters.
Speaker 2 (02:00):
But JAZZI wait, that's the beauty of their diversified portfolio
of retailers.
Speaker 1 (02:04):
So what is the key learning here?
Speaker 2 (02:05):
Diversification is not just for your investment portfolio, it's also
a core strategy for businesses.
Speaker 1 (02:11):
JB high Fi has spread its risk across different segments.
Speaker 2 (02:14):
Like the Good Guys for white goods and NS for
premium appliances, but.
Speaker 1 (02:17):
It's also spread its risk across different market like New Zealand. Yeah,
for example, wen it JB Highfi saw faster growth in
New Zealand, with its same stores up seven and a
half percent.
Speaker 2 (02:26):
Compared to just six and a half percent in Australia.
Speaker 1 (02:29):
And even less at the Good Guys in NF.
Speaker 2 (02:31):
So by operating in multiple segments, JB is trying to
ensure it's not overly exposed to any one trend or
any one consumer moods. We and we know that retail
categories tend to move in waves.
Speaker 1 (02:43):
So all the good Guys maybe faring now, it's only
a matter of time for the others lift again, and that.
Speaker 2 (02:47):
Is why investors still love the good guys and gals
at JB.
Speaker 1 (02:51):
For our second story, Tab corpus seen at share price
downs ten percent as it makes a big bet on
live in place sports betting.
Speaker 2 (02:59):
You mean those dingy TAB venues are its new MVP?
What is going on here?
Speaker 1 (03:03):
Okay? So TAB was originally founded back in Victoria and
New South Wales in the sixties and it was the
og bookie in Australia.
Speaker 2 (03:09):
But it became the tab coop we know today back
in nineteen ninety four when it listed on the ASX.
Speaker 1 (03:13):
It's the largest wagering company in Australia. In fact, they
man it operates in over thirty seven hundred venues across Australia.
Speaker 2 (03:19):
But juzzy boy TAB has been absolutely smoked over the
past decade.
Speaker 1 (03:24):
That's because the likes of sports Bet and Ladbrokes and
better Bet, three six, five NEDS and many many more
online betting agencies have soldn a huge chunk of Tab's
market share.
Speaker 2 (03:33):
And now Tabcorp's new CEO, Gilan McLachlin, the former REFL boss,
just launched a new betting product in the Tab app.
Speaker 1 (03:40):
It allows punters to bet live via the Tab app,
which is illegal in Australia.
Speaker 2 (03:45):
But Tab has a little loophole which has got the
tick from regulators.
Speaker 1 (03:49):
And clearly investors loved it because the share price jump
nearly ten percent on this news. Wow.
Speaker 2 (03:53):
So what is the key learning here?
Speaker 1 (03:55):
Well, regulation can often slow down companies. It can also
protect your turf if you use it wisely.
Speaker 2 (04:00):
In the betting world, live in play bets is where
the real money rolls in.
Speaker 1 (04:03):
In fact, b Man roughly fifty four percent of gambling
turnover in the US is from this live in play betting.
But in Australia, regulators have limited the ways that a
punter can bet on live sports. No mobile apps, no
websites can be used for live betting at all.
Speaker 2 (04:17):
Punters can only bet live through a call center or
in person or on physical terminals and that's to limit
impulsive gambling. And given Australians are the world's biggest gambling
losers per capita, it does make sense.
Speaker 1 (04:29):
Yeah, but b Man Tabcorp Has physical venues and physical
terminals where it's legal to bet, and.
Speaker 2 (04:34):
This new feature allows customers to bet on their phone
and tap their phone against the terminal, and then it's
technically supposedly regulatorially legal. So Juzy Boy tabcop just turned
its rundown venues and chunky old terminals into potentially a competitive.
Speaker 1 (04:50):
Edge and investors are loving it.
Speaker 2 (04:51):
For our third and final story, Google has seen its
market value fall by more than one hundred and seventy
billion US dollars after it's exclusivity as Safari's search engine
is under threats.
Speaker 1 (05:04):
AI and now Apple swallowing up Google Search and spitting
it out. So tell me more'll we man?
Speaker 2 (05:09):
Well, we know that Google and Apple have always had
a love hate thing going on.
Speaker 1 (05:14):
Mostly yep.
Speaker 2 (05:15):
They also happened to be two of the biggest technology
rivals of our generation.
Speaker 1 (05:19):
Apple makes an.
Speaker 2 (05:19):
iPhone, so Google buys an Android operating system, and Apple
makes Apple TV, so Google makes Google Chrome car.
Speaker 1 (05:25):
And the list goes on and on and on.
Speaker 2 (05:27):
But one part of their businesses where they actually collaborate
is search.
Speaker 1 (05:30):
Google reportedly pays Apple twenty billion usls per year to
be the default search engine whenever you use a Safari browser, and.
Speaker 2 (05:37):
Does you boy As part of Google's ongoing monopoly lawsuit,
an Apple executive had to testify, and he shared some
serious tea.
Speaker 1 (05:44):
First, he said that Apple is actively exploring ways to
reshape Safari, which would replace Google as the default search engine.
Speaker 2 (05:51):
And then he warned that Google search traffic declined on
Apple devices for the first time in twenty two years.
Speaker 1 (05:57):
Wow. So next minute, Google's parent company, Alphabet so at
share price full more than six percent.
Speaker 2 (06:02):
So what is the key learning here?
Speaker 1 (06:04):
In tech? Being the default isn't just a convenience, it's
a huge competitive advantage.
Speaker 2 (06:09):
Most users stick with whatever option comes pre selected.
Speaker 1 (06:12):
And that's why Google shows out billions to Apple each
and every year. Let me remind you, b man. Google
currently controls about ninety percent of the global search.
Speaker 2 (06:20):
Market, and a healthy chunk of that comes from its
agreements with Apple and Samsung.
Speaker 1 (06:24):
So this could mean that Google's default advantage could start
to crumble.
Speaker 2 (06:28):
And when your business makes over two hundred and sixty
billion US dollars a year from ads, keeping that default
status is not a nice to.
Speaker 1 (06:34):
Have, Nope, it is an existential must have. Yep, flex, am,
you've been listening all week. You are well equipped to
do the Plux quick Stick quiz in the Flux app.
So if you want to win fifty bucks, make sure
you've got your notifications turned on and you're the first
to answer all three questions correctly.
Speaker 2 (06:48):
Thanks for listening, and we'll see you on Monday.
This is what the Flux. I'm Brett and I'm Justin
and it's Friday, the ninth of May. Dozzy boy.
Speaker 2 (00:10):
Donald Trump is back on his tariff game, and this
time he's targeting foreign movies with a one hundred percent
tarot and this could really hurt the film production industry
here in Australia. So now Australia's ambassador to the US,
Kevin Right, Yes, mister Kevin O seven himself has started
calling it a bluey tax, really tugging at the heart strings.
And Joe boy, everyone knows you do not mess with
(00:30):
blue That is a cultural crime.
Speaker 1 (00:33):
How dare they? Flux Adam, it is Friday, and you
know what we do on Fridays. We give away fifty
bucks to the smartest member of the Flux family. So
if you want to test your knowledge and win some
cash to kick off the weekend, make sure you download
the Flux app, have your notifications turned on, and be
the first to answer the quiz correctly.
Speaker 2 (00:49):
Three slick stories today, Dozzy boy, Let's do it for
our first. JB High Fi has seen its sales growth slow,
but its tech hungry shoppers are still helping it grow
and grow and grow.
Speaker 1 (00:59):
JB kIPS growing, grewing and grewing, so tell me we'll
be man well.
Speaker 2 (01:02):
JB High Fi was founded in nineteen seventy four and
has become one of Australia's largest retailers.
Speaker 1 (01:07):
Whitbydog in brightware houses and handridden price signs.
Speaker 2 (01:10):
Not to forget walls of headphones you didn't know you needed.
Speaker 1 (01:13):
But man, it ain't just JB anymore. The Jbhighfi group
has also got more retailers in its Motley group.
Speaker 2 (01:18):
Of course, JB owns the Good Guys, the White goods retailer.
Speaker 1 (01:21):
It also owns home appliance retailer E and S aka
the good guy's fancy cousin, and Jesse Boy.
Speaker 2 (01:27):
JB provided its quarterly results in its latest market update,
and it performed aoka Yeah.
Speaker 1 (01:32):
Sales at JB's Aussie stores grew six and a half
percent in the March.
Speaker 2 (01:35):
Quarter, which is a pretty solid result given many consumers
are tightening their belts and shutting down their wallets.
Speaker 1 (01:41):
But b man, it's still a smid lower than it's
seven point one percent growth it achieved in January on
the same store.
Speaker 2 (01:47):
But the Good Guys at E and S didn't quite
perform as strongly.
Speaker 1 (01:50):
So what is JB's secret sauce While the other retailers
are struggling.
Speaker 2 (01:53):
Well, consumers are still spending on mobile phones and computers.
Speaker 1 (01:57):
So it's yes to tech and no tatoasters.
Speaker 2 (02:00):
But JAZZI wait, that's the beauty of their diversified portfolio
of retailers.
Speaker 1 (02:04):
So what is the key learning here?
Speaker 2 (02:05):
Diversification is not just for your investment portfolio, it's also
a core strategy for businesses.
Speaker 1 (02:11):
JB high Fi has spread its risk across different segments.
Speaker 2 (02:14):
Like the Good Guys for white goods and NS for
premium appliances, but.
Speaker 1 (02:17):
It's also spread its risk across different market like New Zealand. Yeah,
for example, wen it JB Highfi saw faster growth in
New Zealand, with its same stores up seven and a
half percent.
Speaker 2 (02:26):
Compared to just six and a half percent in Australia.
Speaker 1 (02:29):
And even less at the Good Guys in NF.
Speaker 2 (02:31):
So by operating in multiple segments, JB is trying to
ensure it's not overly exposed to any one trend or
any one consumer moods. We and we know that retail
categories tend to move in waves.
Speaker 1 (02:43):
So all the good Guys maybe faring now, it's only
a matter of time for the others lift again, and that.
Speaker 2 (02:47):
Is why investors still love the good guys and gals
at JB.
Speaker 1 (02:51):
For our second story, Tab corpus seen at share price
downs ten percent as it makes a big bet on
live in place sports betting.
Speaker 2 (02:59):
You mean those dingy TAB venues are its new MVP?
What is going on here?
Speaker 1 (03:03):
Okay? So TAB was originally founded back in Victoria and
New South Wales in the sixties and it was the
og bookie in Australia.
Speaker 2 (03:09):
But it became the tab coop we know today back
in nineteen ninety four when it listed on the ASX.
Speaker 1 (03:13):
It's the largest wagering company in Australia. In fact, they
man it operates in over thirty seven hundred venues across Australia.
Speaker 2 (03:19):
But juzzy boy TAB has been absolutely smoked over the
past decade.
Speaker 1 (03:24):
That's because the likes of sports Bet and Ladbrokes and
better Bet, three six, five NEDS and many many more
online betting agencies have soldn a huge chunk of Tab's
market share.
Speaker 2 (03:33):
And now Tabcorp's new CEO, Gilan McLachlin, the former REFL boss,
just launched a new betting product in the Tab app.
Speaker 1 (03:40):
It allows punters to bet live via the Tab app,
which is illegal in Australia.
Speaker 2 (03:45):
But Tab has a little loophole which has got the
tick from regulators.
Speaker 1 (03:49):
And clearly investors loved it because the share price jump
nearly ten percent on this news. Wow.
Speaker 2 (03:53):
So what is the key learning here?
Speaker 1 (03:55):
Well, regulation can often slow down companies. It can also
protect your turf if you use it wisely.
Speaker 2 (04:00):
In the betting world, live in play bets is where
the real money rolls in.
Speaker 1 (04:03):
In fact, b Man roughly fifty four percent of gambling
turnover in the US is from this live in play betting.
But in Australia, regulators have limited the ways that a
punter can bet on live sports. No mobile apps, no
websites can be used for live betting at all.
Speaker 2 (04:17):
Punters can only bet live through a call center or
in person or on physical terminals and that's to limit
impulsive gambling. And given Australians are the world's biggest gambling
losers per capita, it does make sense.
Speaker 1 (04:29):
Yeah, but b Man Tabcorp Has physical venues and physical
terminals where it's legal to bet, and.
Speaker 2 (04:34):
This new feature allows customers to bet on their phone
and tap their phone against the terminal, and then it's
technically supposedly regulatorially legal. So Juzy Boy tabcop just turned
its rundown venues and chunky old terminals into potentially a competitive.
Speaker 1 (04:50):
Edge and investors are loving it.
Speaker 2 (04:51):
For our third and final story, Google has seen its
market value fall by more than one hundred and seventy
billion US dollars after it's exclusivity as Safari's search engine
is under threats.
Speaker 1 (05:04):
AI and now Apple swallowing up Google Search and spitting
it out. So tell me more'll we man?
Speaker 2 (05:09):
Well, we know that Google and Apple have always had
a love hate thing going on.
Speaker 1 (05:14):
Mostly yep.
Speaker 2 (05:15):
They also happened to be two of the biggest technology
rivals of our generation.
Speaker 1 (05:19):
Apple makes an.
Speaker 2 (05:19):
iPhone, so Google buys an Android operating system, and Apple
makes Apple TV, so Google makes Google Chrome car.
Speaker 1 (05:25):
And the list goes on and on and on.
Speaker 2 (05:27):
But one part of their businesses where they actually collaborate
is search.
Speaker 1 (05:30):
Google reportedly pays Apple twenty billion usls per year to
be the default search engine whenever you use a Safari browser, and.
Speaker 2 (05:37):
Does you boy As part of Google's ongoing monopoly lawsuit,
an Apple executive had to testify, and he shared some
serious tea.
Speaker 1 (05:44):
First, he said that Apple is actively exploring ways to
reshape Safari, which would replace Google as the default search engine.
Speaker 2 (05:51):
And then he warned that Google search traffic declined on
Apple devices for the first time in twenty two years.
Speaker 1 (05:57):
Wow. So next minute, Google's parent company, Alphabet so at
share price full more than six percent.
Speaker 2 (06:02):
So what is the key learning here?
Speaker 1 (06:04):
In tech? Being the default isn't just a convenience, it's
a huge competitive advantage.
Speaker 2 (06:09):
Most users stick with whatever option comes pre selected.
Speaker 1 (06:12):
And that's why Google shows out billions to Apple each
and every year. Let me remind you, b man. Google
currently controls about ninety percent of the global search.
Speaker 2 (06:20):
Market, and a healthy chunk of that comes from its
agreements with Apple and Samsung.
Speaker 1 (06:24):
So this could mean that Google's default advantage could start
to crumble.
Speaker 2 (06:28):
And when your business makes over two hundred and sixty
billion US dollars a year from ads, keeping that default
status is not a nice to.
Speaker 1 (06:34):
Have, Nope, it is an existential must have. Yep, flex, am,
you've been listening all week. You are well equipped to
do the Plux quick Stick quiz in the Flux app.
So if you want to win fifty bucks, make sure
you've got your notifications turned on and you're the first
to answer all three questions correctly.
Speaker 2 (06:48):
Thanks for listening, and we'll see you on Monday.
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