The MyFiziq Ltd (ASX: MYQ) share price is zooming higher today after the company announced the launch of a new revenue stream.

About MyFiziq

MyFiziq is a technology company that uses pictures from a smartphone to create a representation of a person in the form of a 3D avatar.

The company leverages computer vision, machine learning and patented algorithms to process images and deliver 97% accurate body measurements, with a repeatability of 98%.

Using the gyroscope, front camera, camera burst mode, speaker, screen and light sensors in a smartphone, MyFiziq is able to generate a set of front and side pictures in a single user experience – without the need of another person.

Partners embed MyFiziq’s technology into their new or existing apps and then customise the experience to satisfy their branding requirements. These partners operate in several industries, including health and fitness, insurance, and medical.

What did MyFiziq announce?

This morning, MyFiziq announced that its integration within the Evolt Active application has been launched on the Apple app store.

MyFiziq’s partnership with Evolt360 Technologies was announced in April last year. The partnership sees the Evolt Active application offer in-app body scanning using the MyFiziq technology.

For some background, Evolt is a technology-driven health and wellness company focused on connected and digital health. The company has an FDA-approved intelligent body scanning device that is purchased and supported by leading names, including F45, Anytime Fitness, KPMG, and HCF. The device costs between $12,000 and $20,000 each and the scans it performs are made available to consumers for between $30 and $50.

The next step for Evolt is enabling its 500,000+ active user base to track changes in their body dimension more regularly and in the privacy of their own home. This has been made possible by MyFiziq’s technology, which has now been integrated into Evolt’s iOS application.

According to MyFiziq CEO Vlado Bosanac, Evolt has committed to targeting an initial 100,000 active users onto the joint offering in the first 12 months. In return for the integration of its technology, MyFiziq will receive $2.99 per month per user.

If the initial target user numbers are achieved, MyFiziq will meet an initial break-even position based on current monthly burn.

Commenting on today’s update, Mr Bosanac said:

“The application has been through rigorous testing in readiness for this launch. I am pleased to say the application is performing well on all fronts. The look and feel of the application is a credit to both teams. We are looking forward to supporting Evolt with its launch, users, downloads, and usage.”

After surging as much as 21.82% in early morning trade, the MyFiziq share price is currently sitting 5.46% higher for the day at 29 cents per share. This takes the company’s market capitalisation to around $32 million.

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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.

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The S&P/ASX 50 index is home to 50 of the largest and most liquid shares listed on the ASX by float-adjusted market capitalisation.

While this doesn’t necessarily mean that they are the best shares to invest in, there are a number on this index that I believe would be safe and strong options for investors.

Three that tick a lot of boxes for me are listed below:

BHP Group Ltd (ASX: BHP)

The first ASX 50 share I would consider buying is BHP. I believe it is the highest quality option in the resources sector due to its diverse, low cost, and world class operations. In addition to this, with the prices of many of the key commodities it produces remaining favourable, I believe BHP is well-positioned to deliver strong results in both FY 2020 and FY 2021. In light of this, I think the risk/reward on offer with its shares at the current level is compelling.

Cochlear Limited (ASX: COH)

Another  ASX 50 share which I would consider buying is Cochlear. It is a hearing solutions company which specialises in cochlear implantable devices. Given that its products are among the best in their class, I believe Cochlear is well-positioned for growth over the long term due to an expected increase in demand as populations age. The WHO estimates that there will be 1.5 billion people over the aged of 65 by 2050. This will be almost triple the number of over 65s globally 2010.

Transurban Group (ASX: TCL)

A final ASX 50 share to consider is Transurban. It is a toll road operator with a number of key roads in Australia and North America. Its performance is likely to underwhelm in the immediate term due to a collapse in traffic during the pandemic. However, with things now normalising, I believe it could be a great time to consider a long term and patient investment.

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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Cochlear Ltd. The Motley Fool Australia owns shares of Transurban Group. The Motley Fool Australia has recommended Cochlear Ltd. 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.

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The Boral Limited (ASX: BLD) share price has risen by 46.7% since the turn of the market on 22 May. It remains down year to date but could be heading higher with sales likely to benefit from the government’s ‘HomeBuilder‘ stimulus package. Boral shares are selling at a current price to earnings ratio (P/E) of 25.59, 3 points higher than their 10-year average. 

The construction materials manufacturer has seen poor performance in recent times and the sudden jump in the Boral share price has caught many investors unaware.

What’s driving the Boral share price?

With more than a 45% leap in only a couple of weeks, the Boral share price is appreciating faster than many of its S&P/ASX 200 Index (INDEXASX: XJO) peers. There are a number of factors at play here. 

Firstly, the company won a legal battle against Wagners Holding Company Ltd (ASX: WGN) in Queensland last week. Boral is Wagners’ largest cement customer and was accused of trying to force down cement contract prices. As a result of the ruling, Boral will continue to purchase cement from Wagners until 2031 at lower rates, reflecting competition in the marketplace.

This followed a snap investment by Kerry Stokes’ company Seven Group Holdings Ltd (ASX: SVW), purchasing 10% of the company. Seven Group capitalised on a shake up in the MSCI index last week, buying the Boral shares as investors off loaded them prior to the company being moved out of the index. 

I believe Seven Group is likely to push for a seat on the Boral board. It may also increase its shareholding in a bid to bolster its influence. 

What are the issues for Boral?

Boral posted a reduction in interim profit of 39% in February amidst a weak outlook for Australian sales. The Boral share price has also had a generally lacklustre performance over the past couple of years. The company is, however, currently undertaking a strategic review with Macquarie Capital and Flagstaff Partners. It is also searching for a replacement for current CEO Mike Kane.

Furthermore, talk of asset sales are swirling around the company. Some industry analysts are suggesting the US-based stone business would be easiest to divest, with Boral’s light building products being substantially harder to move. In September 2019, however, investment banker John Wylie approached Boral’s chairman suggesting a company break-up. Boral chose to reject this recommendation.  

Foolish takeaway

I believe the Seven Group position in Boral, combined with a strategic review underway, bodes well for the Boral share price. With positive market sentiment likely to continue in the short term, and action afoot to correct lagging performance, I believe we will continue to see rises in the Boral share price.

More reading

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Motley Fool contributor Daryl Mather 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.

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