Stock Pick

  • These ASX healthcare shares could bring your portfolio to life

    blocks spelling health and wealth

    With almost every country in the world experiencing growth in the number and proportion of older people in their population, demand for healthcare services looks set to grow strongly over the next few decades.

    I believe this makes the healthcare sector a great place to make buy and hold investments.

    But which ASX healthcare shares should you buy? Here are two to consider snapping up:

    Pro Medicus Limited (ASX: PME)

    The first ASX healthcare share to consider buying is Pro Medicus. It is a fast-growing provider of a full range of radiology IT software and services to hospitals, imaging centres, and healthcare groups globally. The product which I think has the potential is its Visage 7 platform. It delivers fast, multi-dimensional images streamed via an intelligent thin-client viewer. This makes it vastly superior to cumbersome legacy systems and has a proven return on investment for users.

    Also supporting its growth is the Visage RIS product. It is a comprehensive, enterprise-class, and state-of-the-art radiology information system. It is being used by two of the biggest radiology providers in Australia on long term contracts. Combined with its high margins, I believe these platforms leave Pro Medicus well-positioned to deliver strong earnings growth over the next decade and beyond.

    Ramsay Health Care Limited (ASX: RHC)

    Another ASX healthcare share to consider buying is Ramsay Health Care. It is one of the world’s leading private healthcare companies. Ramsay currently owns and operates a total of 480 facilities across 11 countries. From these facilities it looks after 8.5 million patients each year at present.

    This makes it the market leader in the Australia, France, and Scandinavia markets. Due to its strong market position, I believe Ramsay Health Care will benefit greatly from the increasing demand for healthcare services in the future. This could make it well worth looking beyond the short term headwinds it is facing and focusing on the bigger picture.

    And here are more top shares to consider. All five recommendations below look dirt cheap after the crash…

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    More reading

    James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Pro Medicus Ltd. The Motley Fool Australia has recommended Ramsay Health Care Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    The post These ASX healthcare shares could bring your portfolio to life appeared first on Motley Fool Australia.

    from Motley Fool Australia https://ift.tt/2M5WJ0C

  • Nasdaq 100 Futures Drop After Report of Trump Executive Order

    Nasdaq 100 Futures Drop After Report of Trump Executive Order(Bloomberg) — Nasdaq 100 Index futures fell on a report Donald Trump is preparing to sign an executive order that could threaten to penalize Facebook Inc., Google and Twitter Inc. for the way they moderate content on their sites.Contracts for June delivery on the Nasdaq 100 fell as much as 0.8%, before paring losses to 0.1% as of 2:50 p.m. in Tokyo. Trump’s upcoming executive order aims for federal regulators to review a law that spares tech companies from liability for comments and content posted by users, the Washington Post reported. Investor sentiment was also damped by deteriorating U.S.-China ties.“U.S. tech stocks are dropping on profit taking and risk aversion, as they are at the forefront of the U.S.-China cold war,” said Nader Naeimi, the head of dynamic markets at AMP Capital Investors Ltd. in Sydney. In addition, there is news that “Trump is preparing to sign an executive order that could threaten to penalize Facebook, Google and Twitter.”Trump is poised to take action Thursday that could bring a flurry of lawsuits down on Twitter, Facebook and other technology giants by having the government narrow liability protections that they enjoy for third parties’ posts, according to a draft of an executive order obtained by Bloomberg. Although Nasdaq 100 futures declined, contracts on other indexes advanced. Futures on the S&P 500 gained 0.2% and those on Dow Jones Industrial Average climbed 0.5%. The underlying S&P 500 climbed to the highest since early March on Wednesday, holding above 3,000 level and its average price for the past 200 days.It’s possible that Nasdaq futures are falling on reports of an executive order, “but the U.S. First Amendment is pretty clear, and the White House has very little reach over corporate behavior,” said Michael McCarthy, chief market strategist at CMC Markets Asia Pacific Pty. “Most traders I speak to see this as a hollow threat.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    from Yahoo Finance https://ift.tt/36EhxWh

  • Black Cat Syndicate shares rocket 47% after snapping up 2 gold projects from Silver Lake Resources

    stacks of gold coins growing higher

    The Black Cat Syndicate Ltd (ASX: BC8) share price was a standout performer on the ASX today, catching the eye of small-cap ASX investors with an intra-day rise of as much as 46.94%.

    Black Cat shares shot up after being reinstated to official quotation in afternoon trade. Shares eventually simmered down somewhat to close out the day 30.61% higher at 64 cents per share. This brings Black Cat’s current market capitalisation to around $54 million.

    Black Cat Syndicate is a small-cap ASX gold miner. Its primary focus is on advanced exploration and development of the high-grade Bulong Gold Field, which is located 25km east of Kalgoorlie, Western Australia. Bulong is the result of the consolidation of a number of small-scale, high-grade mines and is comprised of around 82 square kilometres of mainly granted tenements, all 100% controlled by Black Cat.

    Why the Black Cat Syndicate share price rocketed today

    On Tuesday morning, Black Cat requested its shares be suspended from official quotation, pending the release of an announcement regarding a potential acquisition.

    That announcement came this afternoon, when Black Cat revealed it had entered a binding agreement to acquire 2 gold projects from Silver Lake Resources Limited (ASX: SLR), subject to the satisfaction of certain conditions.

    The 2 projects are:

    • The Fingals Gold Project which comprises ~64 square kilometres of land and is located 30km south-east of the Bulong Gold Project; and
    • The Rowe’s Find Gold Project which comprises ~41 square kilometres of land and is located 100km east of Bulong.

    Upon completion of the acquisition, Black Cat’s landholding will increase from 168 square kilometres to 233 square kilometres.

    Additionally, Fingals and Rowe’s Find have a combined JORC Mineral Resource Estimate of 5.2 million tonnes at 2.5 grams per tonne (g/t) gold for 425,000 ounces. This is expected to increase Black Cat’s total resources by 145% to 8.7 million tonnes at 2.6 g/t gold for 716,000 ounces.

    Under the terms of the acquisition, Black Cat will pay a non-refundable deposit of $50,000. It will also issue around 8.4 million ordinary shares to Silver Lake, making Silver Lake a substantial shareholder in Black Cat.

    The acquisition is conditional upon the completion of due diligence by Black Cat by 27 June 2020. Subject to the satisfaction of the conditions, the acquisition is expected to be completed in early July 2020.

    Commenting on today’s update, Black Cat’s managing director Gareth Solly said:

    “Fingals and Rowe’s Find have clear synergies to our Bulong Gold Project. The new projects contain 44 tenements of which 28 are Mining Leases with minimal barriers to mining. With this acquisition, we will increase our Resources by 145% to 719,000oz, add high quality exploration targets as well as near term mining opportunities. All this without significantly impacting Black Cat’s cash position.”

    “We will complete due diligence and rank the exploration and mining opportunities accordingly. We also look forward to welcoming Silver Lake as a substantial shareholder upon completion of the Acquisition,” he added.

    5 “Bounce Back” Stocks To Tame The Bear Market (FREE REPORT)

    Master investor Scott Phillips has sifted through the wreckage and identified the 5 stocks he thinks could bounce back the hardest once the coronavirus is contained.

    Given how far some of them have fallen, the upside potential could be enormous.

    The report is called 5 Stocks For Building Wealth after 50, and you can grab a copy for FREE for a limited time only.

    But you will have to hurry — history has shown the market could bounce significantly higher before the virus is contained, meaning the cheap prices on offer today might not last for long.

    See the 5 stocks

    More reading

    Motley Fool contributor Cathryn Goh has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    The post Black Cat Syndicate shares rocket 47% after snapping up 2 gold projects from Silver Lake Resources appeared first on Motley Fool Australia.

    from Motley Fool Australia https://ift.tt/3c4r2iM

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