The Qube Holdings Ltd (ASX: QUB) share price is in focus after the company announced an update on its proposed scheme of arrangement. Key highlights include confirmation of the Special Dividend and changes to the indicative timetable for the scheme.

What did Qube report?

• The Board intends to declare a fully franked Special Dividend of $0.3465 per share if the scheme becomes effective
• Scheme Meeting is scheduled for 16 June 2026
• Second Court Hearing postponed to 7 July 2026
• Proposed implementation date for the scheme is 14 August 2026
• All dates are indicative and subject to regulatory and court approvals

What else do investors need to know?

The scheme still requires key regulatory approvals, including from the ACCC, FIRB, and New Zealand’s OIO. The ACCC’s Phase 1 determination deadline is 19 June 2026, with the OIO’s decision expected in early July.

Qube will proceed with its Scheme Meetings as planned, first for general shareholders (excluding UniSuper) and then for UniSuper. The revised schedule allows time for the remaining conditions precedent to be completed or waived.

What’s next for Qube?

Looking ahead, Qube shareholders will vote on the scheme at the upcoming meetings. If approvals are secured, shareholders could receive the proposed fully franked Special Dividend, and the transaction could complete by August.

The Board continues to unanimously recommend the scheme in the absence of a superior proposal and provided the independent expert maintains a positive opinion.

Qube share price snapshot

Over the past 12 months, Qube share have risen 18%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the sae period.

View Original Announcement

The post Qube Holdings scheme update: Dividend and key dates revealed appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX 200 shares today
• Abacus Storage King announces June 2026 distribution
• ASX 200 rockets to a 2-month high as investors pile back in
• Elders confirms Killara Feedlot sale completion for June 2026
• Sigma Healthcare withdraws from Boots sale process

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

More reading

• Abacus Storage King announces June 2026 distribution
• ASX 200 rockets to a 2-month high as investors pile back in
• Elders confirms Killara Feedlot sale completion for June 2026
• Sigma Healthcare withdraws from Boots sale process
• Perseus Mining expands share buy-back to $150 million: June 2026 update

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Since its spin-off from Wesfarmers Ltd (ASX: WES) back in late 2018, Coles Group Ltd (ASX: COL) shares have been a popular choice for investors seeking large, stable, and fully franked dividends.

Coles ticks many, if not most, of the boxes that income investors look out for in a dividend stock. It is a mature company with an established market presence across Australia, and has carved out a defensible position as the clear second player in the grocery and supermarket sector.

That in itself is also a drawcard. As an established consumer staples stock, Coles specialises in products like food, drinks, and household essentials that we tend to need to buy. This means that Coles is inherently resistant to economic maladies like inflation and recessions.

So Coles offers up what most ASX dividend investors are looking for in an investment. But let’s get down to what kinds of income one might actually expect from buying Coles shares today.

At the time of writing, Coles is trading at $23.52 a share, down a rather potent 2.06% for the day thus far. At this price, the company is trading on a trailing dividend yield of 3.1%.

That yield comes from the last two dividends that this company has doled out. The first of those was the final dividend from September last year, worth 32 cents per share. The second, the interim dividend that shareholders bagged in March, worth 41 cents per share. As we’ve already established, both payments came with full franking credits attached.

That 12-month total of 73 cents per share gives us that 3.1% yield at the present share price.

Will Coles shares keep dividend investors happy?

But this yield is just a trailing one, and tells us only what Coles has paid out in the past, not what it might yield if one buys the shares today.

Of course, no one can predict a company’s future payouts with certainty until the company itself tells us what to expect. Coles does have a strong track record, having delivered an annual dividend pay rise every year since its ASX float. But again, that does not guarantee future rises.

Fortunately for investors, analysts are optimistic when it comes to how much the company might pay out in the years ahead.

As my Fool colleague Tristan covered earlier this month, analysts at CMC Invest are pencilling in a 12-month total of 77.7 cents per share for FY2026. That rises to 85.2 cents per share for FY2027, and then all the way to 91 cents per share in FY2028.

That would indicate forward yields of 3.3%, 3.62%, and 3.87% respectively. If accurate, this would be very good news for Coles investors indeed. Let’s see if the company measures up to these optimistic expectations.

The post Buying Coles shares? Here’s the dividend yield you’ll get today appeared first on The Motley Fool Australia.

More reading

• Why Aussie Broadband, Coles, EOS, and Santos shares are falling on Monday
• Here are the top 10 ASX 200 shares today
• 3 compelling reasons to buy the rebound in Coles shares today
• Buy, hold, sell: Coles, BHP, CBA shares
• Why Coles and Woodside shares are being tipped as buys

Motley Fool contributor Sebastian Bowen has positions in Wesfarmers. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Wesfarmers. The Motley Fool Australia has recommended Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Abacus Storage King (ASX: ASK) share price is in focus after the company declared a 3.1 cent per security distribution for the six months ending 30 June 2026. The upcoming payout includes a partially franked component, offering value for investors.

What did Abacus Storage King report?

• Distribution declared: 3.1 cents per security for the half-year ending 30 June 2026
• Franked amount: 25% (0.775 cents per security)
• Unfranked amount: 75% (2.325 cents per security)
• Ex date: 30 June 2026; Record date: 1 July 2026
• Payment date: 31 August 2026
• Dividend Reinvestment Plan (DRP) not active for this distribution

What else do investors need to know?

The dividend relates to the six-month reporting period ending 30 June 2026, with 25% franked at a 30% corporate tax rate. This means shareholders will receive franking credits on a quarter of the payment, which could benefit those in lower tax brackets.

There is no conduit foreign income component in this distribution, so only Australian-sourced franking credits and income will be received. The distribution will be paid in Australian dollars.

What’s next for Abacus Storage King?

Investors may look forward to confirmation of the ordinary dividend’s final amount, which is expected to be announced closer to the 17 August 2026 date. The company’s steady distribution policy aims to balance rewarding investors with reinvesting in its self-storage asset portfolio.

Abacus Storage King’s upcoming distribution continues its focus on supporting unitholder returns. As market conditions unfold, management’s disciplined approach should help maintain future payouts in line with company guidance.

Abacus Storage King share price snapshot

Over the past 12 months, Abacus Storage King shares have declined 8%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

View Original Announcement

The post Abacus Storage King announces June 2026 distribution appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX 200 shares today
• ASX 200 rockets to a 2-month high as investors pile back in
• Elders confirms Killara Feedlot sale completion for June 2026
• Sigma Healthcare withdraws from Boots sale process
• Perseus Mining expands share buy-back to $150 million: June 2026 update

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

Monash IVF Group Ltd (ASX: MVF) shares have had a tough couple of years.

Since this time in 2024, the ASX fertility stock has lost almost 50% of its value.

Does this make its shares good value today? Let’s see what Bell Potter is saying about the company and its shares.

What is the broker saying about this ASX stock?

Bell Potter notes that trading conditions remain challenging for the fertility treatment company. As a result, it was not surprised with its recent guidance downgrade. It said:

MVF’s lower guidance is not really surprising given the Medicare data that has led the way through the 10 months to April, with no sign of material improvement in May or June. MVF has lowered guidance for U.NPAT to $17m – $18m from a range of $20m to $23m previously. BP was at $20m. The c.15% downgrade reflects an environment where Australian Stimulated Cycles on a R12M basis are c.-1.9% with market conditions being quite difficult over the past two years. The fact that R3M data indicated a decline of c.-4.7% only emphasises the point.

One positive is that the ASX stock has reported improvements in its market share. It adds:

Countering this is the improvement MVF is starting to see in its market share. It is early days in the tenure of the new CEO but the 100bp improvement in market share to c.20.1% on a R3M basis indicates stabilisation of a business that has been challenged by a combination of brand issues and cost of living pressures. Indeed, the lower guidance we suggest is more about the macro settings than previous brand issues. Another bright spot is the international business that is continuing to grow and is expected to print materially higher volumes in 2H26 over pcp.

Should you invest?

According to the note, the broker thinks investors should keep their powder dry for the time being.

In response to the guidance update, Bell Potter has retained its hold rating and 75 cents price target. Based on its current share price of 71 cents, this implies only modest upside of 5.5% over the next 12 months.

Commenting on its recommendation, the broker said:

We have adjusted our earnings estimates for FY26 only at this stage to reflect the bottom of the lower guidance range, although revenue for FY27e / FY28e is rebased. MVF advise that its cost out and efficiency initiatives are underway, but implementation comes too late to impact the FY26 result.

We assume that earnings shall remain flat compared with prior estimates which implies MVF need to deliver material efficiencies and cost savings, as we expect the top line to remain challenging. A material cost out programme would be well received by the market, given undemanding multiples. We retain our $0.75 TP and HOLD recommendation.

The post Down 50%: Is this ASX stock a buy? appeared first on The Motley Fool Australia.

More reading

• Leading brokers name 3 ASX shares to buy today
• Why Accent, IperionX, Northern Star, and Sigma Healthcare shares are racing higher on Monday
• Can the DroneShield share price climb back to $6?
• How high does UBS think this ASX uranium share will go?
• Why Aussie Broadband, Coles, EOS, and Santos shares are falling on Monday

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

With lots of ASX shares to choose from on the Australian market, it can be difficult to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares that leading brokers have named as buys this week are outlined below. Here’s why they are bullish on them:

Bannerman Energy Ltd (ASX: BMN)

According to a note out of UBS, its analysts have initiated coverage on this uranium developer’s shares with a buy rating and $5.15 price target. The broker is positive on the long-term uranium outlook and is forecasting a price of US$100 per pound. This is due to an increasing focus on energy security and growing demand from AI and data centres. UBS highlights that this enhances the project economics of Bannerman’s Etango operation in Namibia, which it views as a relatively stable jurisdiction with a track record of successful and stable uranium assets with international ownership. In light of this, the broker sees significant value in the company’s shares at current levels. The Bannerman Energy share price is trading at $3.52 on Monday afternoon.

DigiCo Infrastructure REIT (ASX: DGT)

A note out of Bell Potter reveals that its analysts have retained their buy rating and $3.40 price target on this data centre operator’s shares. The broker highlights a seemingly exponential acceleration in data centre construction in recent years. In fact, it points out that this construction boom is now contributing 1.9% of Australia’s GDP. While there are many winners from this trend, the broker believes DigiCo Infrastructure REIT likely presents the most upside opportunity via acceleration of its SYD1 DC expansion. It believes this expansion will be able to capture current demand and boost EBITDA above consensus expectations. The DigiCo Infrastructure REIT share price is fetching $2.58 at the time of writing.

Seek Ltd (ASX: SEK)

Another note out of Bell Potter reveals that its analysts have retained their buy rating on this job listings company’s shares with a reduced price target of $18.60. The broker remains positive on Seek and has named the company as its preferred rate-sensitive classifieds exposure. It also highlights its belief that Seek is well-placed to avoid disruption from artificial intelligence (AI), pointing out that its underlying proprietary data (~750m points per day) partially consists of traffic meta data which is unable to be scraped by third parties. It thinks this is valuable for targeted job placements and should support yield through soft volume environments. The Seek share price is trading at $13.91 on Monday afternoon.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

More reading

• How high does UBS think this ASX uranium share will go?
• Bell Potter says this popular ASX 200 stock could deliver a 40% return
• 5 things to watch on the ASX 200 on Monday
• DigiCo Infrastructure REIT boosts liquidity via US sale and reaffirms FY26 earnings
• Are these the 3 best value ASX 200 shares right now?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The S&P/ASX 200 Index (ASX: XJO) is starting the week in style. At the time of writing, the benchmark index is up 1.35% to 8,923.7 points.

Four ASX shares that are rising more than most today are listed below. Here’s why they are storming higher:

Accent Group Ltd (ASX: AX1)

The Accent share price is up 15% to 74.5 cents. This follows news that major shareholder, Frasers Group, has made a low-ball takeover offer of 65 cents per share. This was where the footwear retailer’s shares ended last week. The company’s board has advised shareholders to take no action. It said: “The Accent Board notes that: the Offer Price is equal to the last closing price of Accent shares on 12 June 2026 and therefore represents no premium to that closing price; Frasers’ own substantial holding notice discloses that its last on-market purchases of Accent shares occurred between 3 February 2026 and 5 February 2026, at average prices above A$0.90, which is materially above the Offer Price; and because the Offer is an on-market bid, shareholders who sell their Accent shares to Frasers will not be able to withdraw that sale and will not receive the benefit of any increase in the Offer Price or any superior proposal that may emerge.”

IperionX Ltd (ASX: IPX)

The IperionX share price is up 6% to $5.43. This morning, the titanium products company announced the US$3 million acquisition of critical mineral and mining assets adjacent to its flagship Titan Project in Tennessee. Management notes that the deal consolidates its position in the Big Sandy Critical Minerals Province. It also brings together established infrastructure and large stockpiles of pre-processed rare earth minerals.

Northern Star Resources Ltd (ASX: NST)

The Northern Star share price is up 7.5% to $20.73. Investors have been buying gold miners today after the precious metal surged in response to a peace deal between the US and Iran. With oil now flowing through the Strait of Hormuz and oil prices tumbling, there are hopes that inflation could ease and interest rates may not need to rise further.

Sigma Healthcare Ltd (ASX: SIG)

The Sigma Healthcare share price is up 7% to $2.83. Investors have been buying the Chemist Warehouse owner’s shares after it announced that it was no longer interested in acquiring UK pharmacy chain Boots. It advised: “Sigma engaged in the Boots sale process given the potentially unique opportunity it presented to accelerate its UK expansion through the market-leading Boots brand and large footprint. However, following its preliminary review the Company has concluded that such an acquisition would not currently meet its strategic and capital investment objectives.”

The post Why Accent, IperionX, Northern Star, and Sigma Healthcare shares are racing higher on Monday appeared first on The Motley Fool Australia.

More reading

• Sigma Healthcare shares are surging. What does Macquarie say they’re worth?
• 3 ASX shares I’d buy that are not banks, miners, or supermarkets
• Why this ASX 300 stock is jumping 10% today?
• Sigma Healthcare withdraws from Boots sale process
• Guess which ASX stock is jumping on takeover offer

Motley Fool contributor James Mickleboro has positions in Accent Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

DroneShield Ltd (ASX: DRO) shares are slipping again on Monday.

At the time of writing, the DroneShield share price is down 0.51% to $2.945 during mid-afternoon trade.

The ASX defence share has now fallen more than 56% from the record high of $6.71 reached in early October 2025.

However, DroneShield shares are still up around 74% over the past 12 months. Investors have backed rapid revenue growth and rising demand for counter-drone technology.

So, could the stock eventually make its way back above $6?

What does the chart say?

The first challenge is getting the share price back above $3.

DroneShield shares have repeatedly traded around this level over recent weeks, making it an important area for buyers and sellers.

The stock is also sitting below the middle of its 20-day Bollinger Band, which is around $3.02. The upper band is near $3.64, making that the next major resistance area if the shares begin climbing.

The 14-day relative strength index (RSI) is around 44. That puts the stock below the neutral level of 50, but it’s not yet in oversold territory.

On the downside, the lower Bollinger Band sits near $2.41. A fall towards that level would leave the share price with even more ground to recover.

Can DroneShield return to $6?

Reaching $6 would require the shares to more than double from today’s price.

That is possible, but the company will probably need more than a technical rebound.

DroneShield reported $216.5 million of revenue in 2025, up from $57.5 million a year earlier. It also entered 2026 with a growing international presence and continued demand from defence customers.

The company has since announced a US$24.9 million contract linked to the US Department of War. It had also secured $155 million of committed 2026 revenue by 20 April.

However, sentiment has been held back by an ASIC investigation covering company announcements and share trading during November 2025. DroneShield has said it will cooperate fully, but the uncertainty may continue to weigh on the stock.

Broker opinions are also divided. Recent price targets have ranged from $2.28 to $4.80, with even the most optimistic target still below $6.

What would need to happen?

A move above $3.60 would be an encouraging start, followed by a break through the $4 to $4.80 area.

From there, investors would need to see more major contract wins, and stronger profits to justify another push towards the record high.

DroneShield has already shown how quickly it can move when sentiment improves. But with the shares still trading below several resistance levels, $6 looks like a long-term target.

The post Can the DroneShield share price climb back to $6? appeared first on The Motley Fool Australia.

More reading

• 3 ASX shares I’d buy that are not banks, miners, or supermarkets
• DroneShield’s big European news fails to halt share price slide
• Here are the 10 most shorted ASX shares
• ASX defence shares like Droneshield have soared since 2022. Is there any growth left?
• 3 reasons to buy DroneShield shares in June

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Shares in Bannerman Energy Ltd (ASX: BMN) have been under pressure recently, which the analyst team at UBS says presents a good entry point for investors keen to buy into the uranium demand thematic.

The company’s shares are up 33% over the past year to $3.44, but remain well below the highs of $5.25 achieved over that period.

We’ll get to UBS’s share price prediction shortly, but first will look at the company’s news which has been generating interest.

Progress on Namibian project

Bannerman’s flagship project is the Etango mine development in Namibia, where it is progressing towards making a final investment decision which is expected for the middle of this year.

In February the company announced that the Shenzhen Stock Exchange listed China National Uranium Corporation would invest up to US$321.5 million in the project, for a 45% stake in the Bannerman subsidiary which owns 95% of Etango.

Namibian social welfare organisation One Economy Foundation owns 5% of the project.

Bannerman said at the time that the deal enabled the debt-free construction of the mine, and that there could be other potential collaboration opportunities.

Bannerman Executive Chairman Brandon Munro said at the time:

By enabling the debt-free construction of Etango, this solution maximises flexibility and dramatically derisks the construction and ramp-up phases of project execution. It also delivers us a Tier-1 cornerstone offtake partner on genuine and market terms, ensuring Bannerman remains strongly exposed to future uranium price upside potential. Importantly, the residual 40% of Etango offtake will be independently marketed by Bannerman, with strict confidentiality ring-fencing arrangements in place, and strengthened by the flexibility embedded in the cornerstone offtake.

Bannerman shares looking like good value

UBS has this week published its first analyst report on Bannerman, saying the transaction, “establishes a clear pathway to development of the Etango project with minimal incremental capex needed”.

UBS said the next major step for the company was to make a final investment decision, but that they, “expect minimal completion risk”.

They added:

We are constructive on the long-term uranium outlook as reflected with our US$100/lb long-term price forecast, which enhances Etango’s project economics.

This bullishness on uranium is driven by, “increasing focus on energy security as well as increasing demand from AI and data centres” UBS said.

They added:

We forecast spot uranium trading from US$85/lb to US$100/lb by 2028 as the deficits widens. As it relates to BMN, we are attracted to its exposure to China counterparties who offer relatively favourable terms (with regard to payment terms etc) which should reduce stress on its balance sheet as it ramps to nameplate. Further, we view Namibia as a relatively stable jurisdiction with a track record of successful and stable uranium assets with international ownership.

UBS has a $5.15 price target on Bannerman shares. Bannerman is valued at $652.3 million.

The post How high does UBS think this ASX uranium share will go? appeared first on The Motley Fool Australia.

More reading

• Leading brokers name 3 ASX shares to buy today
• Which ASX uranium shares has Macquarie upgraded?

Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The S&P/ASX 200 Index (ASX: XJO) is starting the week in a positive fashion. In afternoon trade, the benchmark index is up 1.3% to 8,919.2 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are falling:

Aussie Broadband Ltd (ASX: ABB)

The Aussie Broadband share price is down 5% to $5.27. Investors have been selling the broadband provider’s shares following the release of a trading update this morning. Aussie Broadband revealed that it expects to report earnings in the middle of the previously announced underlying EBITDA FY 2026 guidance range of $162 million to $167 million. In addition, capital expenditure is expected to be at the upper end of the previously provided guidance range of $55 million to $60 million. This may have fallen short of the market’s expectations for the financial year.

Coles Group Ltd (ASX: COL)

The Coles Group share price is down 2% to $23.51. This may have been driven by investors switching out of defensive assets and into risk-on assets. A number of defensive ASX shares are falling on Monday while the market charges higher.

Electro Optic Systems Holdings Ltd (ASX: EOS)

The EOS share price is down 2.5% to $9.10. This follows the release of a revenue update from the defence and space company this morning. EOS revealed that it expects to generate between $240 million and $270 million of revenue in 2026, excluding the recently acquired MARSS business. The high end of this guidance range is over double the $128.5 million it reported from continuing operations in FY 2025. This may have been overshadowed by news that the US and Iran have signed a peace deal, which could potentially mean softer than expected demand for defence products in the near term.

Santos Ltd (ASX: STO)

The Santos share price is down a sizeable 7.5% to $7.46. Investors have been selling Santos and other ASX energy stocks on Monday after oil prices pulled back meaningfully. Traders were selling oil in response to news that the US and Iran have signed a peace deal. Upon the announcement, US President Donald Trump said: “Let the oil flow!” This is great news for the world, but less so oil producers. The S&P/ASX 200 Energy index is down 5% at the time of writing.

The post Why Aussie Broadband, Coles, EOS, and Santos shares are falling on Monday appeared first on The Motley Fool Australia.

More reading

• EOS shares climb as new US order boosts growth outlook
• Which ASX 200 share is sinking 4% on Monday?
• 5 things to watch on the ASX 200 on Monday
• Why EOS, Karoon Energy, REA Group, and Woodside shares are falling today
• EOS shares are sliding again. Here’s what investors are worried about

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Aussie Broadband and Electro Optic Systems. The Motley Fool Australia has recommended Aussie Broadband. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.