Author: openjargon

  • I’m an American sending my kids to camp in Italy. It’s cheaper and kids eat freshly cooked meals.

    Kids in Italy enjoying the view.
    • I'm an American mom of two kids, ages 5 and 9 months old. 
    • I'm married to an Italian man and gave birth to my children here. 
    • Summer camp in Italy has less structure, and my daughter eats freshly cooked meals. 

    I'm an American living in Italy. I've lived here for almost 10 years and have two children, a 5-year-old daughter and a 9-month-old soon. Last year sent my daughter to summer camp for the first time and I was pleasantly surprised.

    Summer camp in Italy is nothing like what we think of in the US. But there's good and bad to that, on certain ends.

    Camp is cheaper in Italy

    My daughter goes to camp where we live in our small town. So while I can't relate to the cost of camp in bigger cities like Rome or Milan, the camp she goes to costs 160 euros a month. Yes, a month. And that is for a full day of camp, which includes fresh lunch that is made and served on the campus.

    While it's been years since I was a child and went to camp, all I know is that when I was younger and my parents sent me to a prestigious theater summer camp and it was around $2,000 a month and we're talking 20 years ago.

    My child plays freely and there's less structure

    At summer camps in Italy, the children are sort of like free range chickens. There are not always organized activities and the children are encouraged to play freely with their friends. Also, kids of all ages play together and they are not separated into age groups.

    I like that a lot. I believe that in the summer, children should have the freedom to just have fun as opposed to a more strict routine and schedule like when they are in school. But on the other hand, children, especially at a certain age, can benefit from more structure.

    My daughter learned about agriculture

    Italy is a country that very much relies on the land. Italians are very proud people and want that tradition to keep going, especially when it comes to taking care of their own land and reaping the benefits.

    The camp my daughter attends is based in the countryside surrounded by olive trees, cherry trees and a beautiful vegetable garden. There are also baby goats, a donkey and chickens. On the first day of camp this year, they picked fresh cherries from the cherry tree. Cleaned them. And then made fresh cherry jam. The children were sent home with bags of fresh cherries and a small jar of jam. Last year, the kids collected eggs from the chickens and made frittatas for lunch.

    I love that at such a young age they are teaching children about the benefits of having and keeping land and everything that you can get from it.

    She eats freshly cooked food

    Food served at camps in Italy — and schools for that matter — is made fresh and on site. At my daughters camp, no processed food is served. Every day the children are served a first course (pasta, usually) and a second course. Lunch last year included pasta with beans, pasta with peas, pasta with cheese, prosciutto with fresh mozzarella, chicken cutlets with cucumber salad and baked fish with carrots. You won't see any lunchables served at camp here.

    Camp in Italy is great. My daughter and all of her friends love it. Yes, it's completely different from an American camp which usually has more structure and routine, much like going to school. But that's what makes it so wonderful.

    Read the original article on Business Insider
  • European regulators accuse Apple of breaching new rules with its App Store

    People inside an Apple store.
    An Apple Store in Towson, Maryland.

    The European Commission has accused Apple of stifling competition with its App Store.

    The European regulators said Apple's App Store was in breach of new tech rules as it prevents app developers from steering customers to alternatives.

    The regulators said they had also opened a new probe into Apple's contractual requirements for third-party app developers and app stores.

    Representatives for Apple did not immediately respond to a request for comment from Business Insider, made outside normal US working hours.

    This is a developing story; please check back for updates.

    Read the original article on Business Insider
  • Unmarried Chinese women have found yet another way to get over the stigma of being single: Flee to the West and get another degree

    An Asian woman.
    An Asian woman.

    • Some single Chinese women in their 30s are escaping the country to pursue higher education.
    • These women say they believe getting another degree in the West has given them freedom.
    • "37 years old is not an end for me, but a new beginning of my second life," one woman wrote on Xiaohongshu.

    Some single Chinese women — fatigued from the social stigma of being unmarried and childless — are opting to run away altogether.

    These women — mostly millennials in their mid to late 30s — are taking to the Chinese social media platform Xiaohongshu to talk about their great escape to the West.

    These women, per their accounts, are enrolled in higher education in countries like France, the UK, and the US. Their personal accounts of pursuing advanced degrees have mostly been compiled under a Xiaohongshu hashtag that translates to "studying abroad at an older age." The hashtag is also going viral — more than 57.5 million people, as of press time, have viewed posts made using it.

    In these diary-style posts, the women talk about how higher education in the West has been their ticket to freedom. But they also talk about the hard things — like having to learn a foreign language, getting used to being a student again in one's 30s, and the social pressures and expectations they still face back home.

    The South China Morning Post spoke to some women who've posted using the viral hashtag — like "ReadySetRun," a Xiaohongshu user whose real name is Claudia Ke.

    Ke told the SCMP that she left China at the age of 34 to pursue an MBA at the Burgundy School of Business in France. Despite having her own consulting company in Shanghai and all her friends being in the city, she gave that up to apply for postgraduate programs in Europe after the pandemic.

    "Older Chinese women try to flee the country through higher education overseas even if they don't have a clear idea of what the future holds in a foreign country," Ke, now 35, told the SCMP.

    'My second life'

    Another woman who posts under the ID "Susu in Cambridge" has been cataloging her journey on Xiaohongshu too. According to Susu, she left China at 37 to pursue a PhD at the University of Cambridge.

    "37 years old is not an end for me, but a new beginning of my second life. It reminds me to treasure the present and embrace the future," Susu wrote in a November Xiaohongshu post.

    She added that she had received many questions from Chinese people asking her why she didn't wish to start a family and stay home for good.

    "In contrast, in England, no one asks me about my age. No one cares about that number," she wrote.

    She compared the freedom she has in the UK to the expectations she faces to abide by social norms in China — to graduate by 22, marry by 28, and have a child at 30, or bring embarrassment to yourself and your family.

    "I think that this is what life should look like," she added. "Age is probably the least important marker one should abide by in life — and everyone should live the life they want to live."

    "NEMO in Europe," another Xiaohongshu user who quit her job in China, said she moved to France at the age of 36 to study. She wrote in September that she realized she was the oldest student in her class when they were learning how to introduce themselves in French.

    But she wrote that being older meant she'd had some work experience and knew more about what she was really interested in — so she could chart her own course with confidence.

    "We always have the right to choose to start over," she added.

    Leftover women

    There are several push factors that may be motivating more Chinese millennial women to seek greener pastures abroad.

    For one, an unmarried Chinese female over the age of 25 runs the risk of being branded a "leftover woman" — a deeply unflattering term for those left on the shelf.

    Chinese women have also had to contend with widening gender gaps in unemployment, hours worked, and monthly salary reported throughout 2020 compared to pre-pandemic levels, per a report by Peking University's China Centre for Economic Research.

    The report stated that working mothers with children under seven years of age were 43.8% more likely to be unemployed than women without children under that age. They also faced a 181% higher chance of being unemployed than working fathers with children under seven.

    The physical and economic burden of childbearing and childrearing has also made some women in China not want to have children.

    "I wouldn't choose to spend a part of my income on children because it's expensive. The biggest thing on my mind right now is how I am going to fund my retirement," Emily Huang, 29, told BI's Kevin Tan in February.

    Despite China ditching its controversial one-child policy and introducing a three-child policy in 2021 to boost its plummeting birth rate, its population shrank in 2022 for the first time since the early 1960s.

    The population count declined again in 2023 when the number of deaths exceeded the number of births by 2.08 million people.

    Another push factor not specific to women is China's grueling corporate culture. The pervasive 9-9-6 corporate grind means many workers have had to get used to working from 9 a.m. to 9 p.m., six days a week.

    And that is for those who have secured jobs. Around 14.9% of youth in China are unemployed, according to China's National Bureau of Statistics, owing to a poor job market that's still struggling to recover from the COVID-19 pandemic crash.

    Read the original article on Business Insider
  • Here are the top 10 ASX 200 shares today

    It ended up being a miserable start to the trading week for the S&P/ASX 200 Index (ASX: XJO) and most ASX shares this Monday.

    After enjoying a happy Friday last week, the ASX 200 changed course today, shedding a nasty 0.8%. That leaves the index at 7,733.7 points.

    This rather depressing start to the trading week follows a mixed end to the American week last Friday night (our time).

    The Dow Jones Industrial Average Index (DJX: DJI) managed to pull off a rise, lifting by 0.04%.

    But the Nasdaq Composite Index (NASDAQ: .IXIC) wasn’t quite as lucky, and dipped 0.18%.

    Let’s return to Australian shares now and examine how the different ASX sectors handled today’s market turmoil.

    Winners and losers

    It was almost a universally bad day amongst the ASX sectors, with only one managing to rise.

    But first, the worst place to have your money this Monday was in gold shares. The All Ordinaries Gold Index (ASX: XGD) was a horror show today, cratering by a horrid 2.52%.

    Energy stocks didn’t get much reprieve either. The S&P/ASX 200 Energy Index (ASX: XEJ) tanked 1.86% today.

    Healthcare shares were also targeted, with the S&P/ASX 200 Healthcare Index (ASX: XHJ) plunging 1.6% by the closing bell.

    Consumer discretionary stocks weren’t riding in to save the day. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) dropped 1.15%.

    Mining shares also copped a beating, as you can see from the S&P/ASX 200 Materials Index (ASX: XMJ)’s 1.06% haircut.

    Real estate investment trusts (REITs) were on the nose too. The S&P/ASX 200 A-REIT Index (ASX: XPJ) was sent home 0.93% lower.

    Communications stocks weren’t making friends either, with the S&P/ASX 200 Communication Services Index (ASX: XTJ) losing 0.74% of its value.

    Nor were financial shares. The S&P/ASX 200 Financials Index (ASX: XFJ) had sunk 0.57% by the end of the day.

    Investors were also bailing out of ASX consumer staples stocks, evident from the S&P/ASX 200 Consumer Staples Index (ASX: XSJ)’s 0.45% loss.

    Ditto with utilities shares. The S&P/ASX 200 Utilities Index (ASX: XUJ) slid down 0.31%.

    Our final losers were tech stocks. The S&P/ASX 200 Information Technology Index (ASX: XIJ) slipped 0.08% this Monday.

    Turning to our one winner now, and it was the industrial sector. Industrial shares were spared from the fate of their peers, with the S&P/ASX 200 Industrials Index (ASX: XNJ) lifting by a confident 0.71%.

    Top 10 ASX 200 shares countdown

    Coming in hottest on the index this Monday was retail stock Premier Investments Limited (ASX: PMV). Premier shares shot 6.88% higher today to finish up at a flat $32 each.

    This spike comes after the company outlined a proposal to sell off some of its brands to Myer Holdings Ltd (ASX: MYR) this morning.

    Here’s a look at the rest of today’s best stocks:

    ASX-listed company Share price Price change
    Premier Investments Limited (ASX: PMV) $32.00 6.88%
    AMP Ltd (ASX: AMP) $1.12 3.70%
    Qube Holdings Ltd (ASX: QUB) $3.63 2.83%
    Judo Capital Holdings Ltd (ASX: JDO) $1.365 2.63%
    Monadelphous Group Ltd (ASX: MND) $13.32 2.62%
    Incitec Pivot Ltd (ASX: IPL) $2.92 2.46%
    West African Resources Ltd (ASX: WAF) $1.54 2.33%
    Cleanaway Waste Management Ltd (ASX: CWY) $2.75 2.23%
    AUB Group Ltd (ASX: AUB) $32.09 2.23%
    Strike Energy Ltd (ASX: STX) $0.23 2.22%

    Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

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

    Should you invest $1,000 in Amp Limited right now?

    Before you buy Amp Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Amp Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    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 recommended Aub Group and Premier Investments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Russian saboteurs burned down a Berlin factory to hit weapons supplies to Ukraine. Just one problem — the facility made car parts.

    View of a building partially destroyed in a fire on the premises of Diehl Metal's factory in Berlin-Lichterfelde.
    View of a building partially destroyed in a fire on the premises of Diehl Metal's factory in Berlin-Lichterfelde.

    • A massive fire at a factory in Berlin last month was set by Russian saboteurs, per WSJ.
    • They were targeting the flow of arms to Ukraine, the outlet reports.
    • But the factory, owned by Diehl Metal, makes parts for cars and electrical systems, not weapons.

    In early May, scores of German firefighters massed at a metal technology plant in southwest Berlin as it burned. Some 200 firemen were deployed to battle the blaze that Friday morning amid concerns that the flames could interact with chemicals in the factory.

    It was a major event for the neighborhood in Lichterfelde, with residents told to shut their windows and stay home as the rooftop belched a steady column of black smoke. At least four floors of the facility were eventually burned through.

    A month later, The Wall Street Journal reports that the fire at the Diehl Metal factory was an arson attempt carried out under Russia's auspices.

    Citing unnamed security officials, the outlet reported on Sunday that a NATO intelligence agency had intercepted communications showing Russia's involvement and passed it to German authorities.

    German outlet Bild also reported on the intercepted messages.

    The Journal reported that Russia's intention was to hit arms supplies to Ukraine. Diehl Metal's parent company also manufactures the IRIS-T anti-air systems given to Kyiv.

    But Diehl Group's arms manufacturer, Diehl Defence, only has a representative's office in Berlin, and its factories and major facilities are spread across southern Germany.

    Meanwhile, the Diehl Metal factory that burned down instead makes parts "primarily for the automotive and electrical industries," according to its website.

    The Journal reported, citing the unnamed security officials, that Germany hasn't blamed Russia for the fire because the intercepted messages aren't admissible in German courts.

    Still, the fire at the Diehl Metal factory has added fuel to concerns of Russian sabotage attempts on civilian infrastructure and military installations among Ukraine's European allies.

    Suspected targets in recent months include a warehouse in the UK that was set on fire and US military bases in Germany.

    The Financial Times reported Latvian President Edgars Rinkēvičs saying the spate of incidents and attempts was "testing our response" and that NATO was still determining how best to act.

    US State Secretary Antony Blinken said on May 31 that the alliance has been tracking sabotage attempts closely.

    "I can tell you that in the meeting of foreign ministers today virtually every ally was seized with this intensification of Russia's hybrid attacks," he said at a press conference in Prague. "We know what they're up to, and we will respond both individually and collectively as necessary."

    Diehl and the Russian Foreign Affairs Ministry did not immediately respond to requests for comment sent by Business Insider outside regular business hours.

    Read the original article on Business Insider
  • Bell Potter says these ASX dividend shares are top buys this month

    Excited woman holding out $100 notes, symbolising dividends.

    There are plenty of ASX dividend shares to choose from on the local share market.

    But which ones could be in the buy zone right now?

    Two that analysts at Bell Potter are very positive on are listed below. Here’s why they are bullish on these names:

    Rural Funds Group (ASX: RFF)

    The first ASX dividend share that could be a top buy is Rural Funds. It owns a portfolio of high-quality agricultural assets. This includes across industries such as orchards, vineyards, water entitlements, cropping, and cattle farms.

    Bell Potter highlights the significant discount that it trades at compared to historical averages and its attractive dividend yield. It said:

    RFF trades at a historical high discount to its market NAV per unit ($2.78 pu) at ~28% [now 25.5%]. While we are in general seeing large discounts to NAV in ASX listed farming and water assets to market NAV, the discount that RFF is trading appears excessive and we are seeing a valuable opportunity in RFF. While the timing of that value discount closing is difficult to call, investors are likely to be rewarded with a ~6% yield to hold the position until such a time as the asset class rerates. Furthermore, RFF aims to achieve income growth through productivity improvements, conversion of assets to higher and better use along with rental indexation which is built into all of its contracts with its tenants.

    The broker expects dividends per share of 11.7 cents in both FY 2024 and FY 2025. Based on the current Rural Funds share price of $2.07, this will mean yields of 5.85% for investors.

    Bell Potter currently has a buy rating and $2.40 price target on its shares.

    SRG Global Ltd (ASX: SRG)

    Bell Potter says that SRG Global could be an ASX dividend share to buy right now.

    It is a diversified industrial services group that provides multidisciplinary construction, maintenance, production drilling and geotechnical services.

    The broker believes SRG Global is well-positioned to benefit from increasing construction and mining services activity. It said:

    SRG’s short-to-medium term outlook is reinforced by Government-stimulated construction activity in the Infrastructure and Non-Residential sectors and increased development and sustaining capital expenditures in the Resources industry. The resulting expansion in infrastructure bases across these sectors will likely support increased demand for asset care and maintenance in the medium to long-term. We anticipate Mining Services will be a beneficiary of accelerating growth in iron ore and gold production volumes over the next five years.

    Bell Potter is forecasting the company to pay shareholders fully franked dividends of 4.7 cents in FY 2024 and then 6.7 cents in FY 2025. Based on its current share price of 84 cents, this will mean dividend yields of 5.6% and 8%, respectively.

    It has a buy rating and $1.30 price target on its shares.

    The post Bell Potter says these ASX dividend shares are top buys this month appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Rural Funds Group right now?

    Before you buy Rural Funds Group shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Rural Funds Group wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    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 positions in and has recommended Rural Funds Group. The Motley Fool Australia has recommended Srg Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Why is this ASX share crashing 60% on Monday?

    a business man in a suit holds his hand over his eyes as he bows his head in a defeated post suggesting regret and remorse.

    The City Chic Collective Ltd (ASX: CCX) share price is sinking like a very heavy stone on Monday.

    In late trade, the ASX retail share is down 60% to 12 cents.

    Why is this ASX share crashing 60%?

    Investors have been selling the plus sized women’s fashion retailer’s shares for a couple of reasons today.

    The first is the release of a very disappointing trading update that was announced last week. That update revealed that its group sales for FY 2024 are expected to be down ~30% to $187 million.

    Things are worse for its forecast pro forma adjusted EBITDA from continuing operations. That is expected to be a loss of $9.3 million for the 12 months.

    City Chic’s earnings guidance excludes the Avenue and Evans businesses. The US based Avenue business is being sold to Fullbeauty Brands for US$12 million (~A$18 million), subject to working capital adjustments at completion. This compares to its purchase price in 2019 of US$16.5 million

    Whereas the Evans business was sold earlier in the financial year. Once again, at a significantly lower price than what management paid to acquire it.

    Management notes that these divestments align with the company’s strategy of focusing on the core City Chic customer in ANZ and the US. Completion of the Avenue sale is scheduled to occur in July 2024.

    What else?

    Despite its abject trading performance and acquisition record, the ASX share has been able to raise money from investors through a capital raising.

    However, unsurprisingly given the state of the company, it was forced to do so at a huge discount to the prevailing share price.

    This morning, City Chic announced the successful completion of its institutional placement and the institutional component of its entitlement offer. In total, raised proceeds of $14.6 million (before costs) at a 50% discount of 15 cents per new share.

    The release notes that the placement and institutional entitlement offer attracted strong demand from existing institutional shareholders of City Chic. In addition, it introduced a number of new investors to its institutional shareholder base.

    The company’s CEO, Phil Ryan, commented:

    We are delighted with the exceptional level of support received from our existing institutional shareholders and very pleased to obtain the support of some new institutions. Their collective support positions us to build on the positive momentum our recent initiatives are generating going into FY25.

    City Chic’s shares are now down approximately 98% since the start of 2022.

    The post Why is this ASX share crashing 60% on Monday? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in City Chic Collective Limited right now?

    Before you buy City Chic Collective Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and City Chic Collective Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    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.

  • Walmart says this store manager could earn half a million dollars this year — and he doesn’t have a college degree

    The checkout queue in Walmart.
    The checkout queue in Walmart.

    • Mustafa Tovi, 45, draws a base salary of $168,000 as a Walmart store manager.
    • But bonuses and stock grants mean Tovi can make up to $524,000 a year, Walmart said.
    • Earlier this year, Walmart announced a new managerial pay plan that helps boost staff retention.

    Mustafa Tovi, 45, has spent more than half his life working at Walmart and has no regrets building his career with the big-box retailer.

    Tovi told Fortune in a story published on Sunday that he draws a six-figure salary from Walmart. The Walmart manager said his base salary was recently raised to $168,000, a 17% increase from his original base salary of $143,000 last year.

    And that's not all. A Walmart spokesperson told Fortune Tovi could make up to $524,000 after factoring in his performance bonus and stock grants.

    "I thank God every day, I thank Walmart every day because of Walmart, the reason why I have what I have today," Tovi said of his employer.

    The Kurdish immigrant joined the retailer in 1999 as a part-time employee and was paid $8 an hour before slowly climbing up the ranks, Fortune reported.

    Tovi, who says he doesn't have a college degree, was recently promoted to emerging market manager after serving as a store manager for 16 years.

    The longtime Walmart employee is but one of the many beneficiaries of the company's new managerial pay plan, which is geared toward boosting employee morale and reducing staff turnover.

    Earlier this year, Walmart said it was raising the average base salary of store managers to $128,000 from $117,000. If managers hit their targets, they are also entitled to a bonus equivalent to 200% of their base salary and stock grants worth up to $20,000.

    "I almost fainted when I found out," a Walmart Supercenter manager Greg Harden told Bloomberg last month.

    Representatives for Walmart didn't immediately respond to a request for comment from BI sent outside regular business hours.

    Read the original article on Business Insider
  • Paladin Energy shares on ice as fission-powered acquisition rumours grow

    A fit man sits and prepares to dive into a hole made in frozen ice.

    The S&P/ASX 200 Index (ASX: XJO) is having a pretty nasty start to the trading week so far this Monday. At the time of writing, the ASX 200 has tanked by around 0.75%, dragging the index down to just under 7,740 points.

    But perhaps mercifully, Paladin Energy Ltd (ASX: PDN) shares aren’t joining the pity party today.

    This ASX 200 uranium stock closed at $13.24 a share last week, and that’s where the shares remain today. This morning, Paladin announced that its shares would be placed in a trading halt, with immediate effect, until the company makes a further announcement or until the morning of this coming Wednesday, 26 June.

    This announcement was vague in detail, as is often the case for the first states of a trading halt. However, Paladin did admit that the coming announcement will relate to “a potential acquisition“.

    That’s all we know for sure right now, as there has been no other official news or announcements out of Paladin at the time of writing.

    However, there are some rumours swirling around that could give us a fair idea of what might be going on with Paladin shares today.

    Paladin shares halted as ASX uranium stock looks for acquisitions

    Paladin is arguably primed to make an acquisition. The company’s shares have gained an astonishing 80% or so over the past 12 months alone, a gain that has swelled to 122.5% over the past two years. With the company now commanding a market capitalisation of almost $4 billion, it certainly would have a lot of financial firepower to deploy for an acquisition by issuing new shares.

    As reported by the Australian Financial Review (AFR) this morning, that is exactly what Paladin has in mind. The AFR names Fission Uranium Corp (TSE: FCU) as a likely target for Paladin.

    The article points out that Fission Uranium is “right in [Paladin’s] backyard”, given its flagship Patterson Lake South Project is located in Canada’s Athabasca Basin.

    The company would also be in Paladin’s acquisition range, given its current market capitalisation of C$863.9 million ($950.22 million).

    Like Paladin, Fission Uranium has also had a stellar time on the Toronto Stock Exchange over recent years. Its shares have boomed 77.6% over the past 12 months.

    But until Paladin issues some confirmations, we can’t be sure it is Fission Uranium that the company has set its eye on. The AFR also names the ASX-listed Boss Energy Ltd (ASX: BOE) as another potential target. However, Boss would be a much bigger target for Paladin to hunt, given its current worth of $1.7 billion.

    Either way, it will be interesting to see what Paladin has to say this week when it finally lays out its plans.

    The post Paladin Energy shares on ice as fission-powered acquisition rumours grow appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Boss Resources Limited right now?

    Before you buy Boss Resources Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Boss Resources Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    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.

  • Guess which small cap ASX stock could rise 50% in a ‘transformational year’

    A man has a surprised and relieved expression on his face. as he raises his hands up to his face in response to the high fluctuations in the Galileo share price today

    If you’re not averse to investing at the small side of the market, then it could be worth checking out Aroa Biosurgery Ltd (ASX: ARX).

    That’s because analysts at Bell Potter believe the small cap ASX stock could rise materially from current levels.

    What is this small cap ASX stock?

    Aroa Biosurgery is a soft-tissue regeneration company. It states that it is committed to “unlocking regenerative healing for everybody.”

    It develops, manufactures, sells, and distributes medical and surgical products to improve healing in complex wounds and soft tissue reconstruction. The small cap ASX stock’s products are developed from a proprietary AROA ECM technology platform. It is a novel extracellular matrix biomaterial derived from ovine forestomach.

    ‘A potentially transformational year’

    Bell Potter believes that FY 2025 could be a transformational year for the company that could see its first profit and free cash flow. It said:

    FY25 is a potentially transformational year for ARX with the likelihood of a maiden profit and positive free cash flows. We believe these have been the drivers of the resurgence in market value of the stock, spurned on by the positive revenue and earnings guidance provided at the recent full year update (for FY24).

    Another positive is that there could soon be some clinical trial data available that the broker feels could be supportive of sales. It adds:

    While the ARX products appear widely regarded and have been the subject of literally dozens of published articles, the absence of gold standard data from randomised clinical trials is a gap. Recruitment of clinical trials in the key area of lower limb salvage and large trauma wounds is problematic, however, to this end the company has recently completed enrolment of its Myriad Augmented Soft Tissue Regeneration Registry (MASTRR) with clinical data expected to commence in late FY25.

    In addition, there’s potential for another clinical trial to open up the company to a market with a US$1 billion opportunity. The broker said:

    In addition, ARX will shortly complete recruitment of its 120 patient randomised study in diabetic foot ulcer (DFU) patients investigating the wound healing properties of its Symphony product with headline data due in 2H FY25. Data from a recent retrospective real world study is highly supportive of the wound healing properties of Myriad in severe DFU cases. A successful outcome (which we believe is likely) may unlock the market in outpatient wound care for DFU’s where TAM is estimated at >US$1.0bn.

    Big return potential

    This morning, Bell Potter has reiterated its buy rating and 90 cents price target on the small cap ASX stock.

    Based on its current share price of 60 cents, this implies potential upside of 50% for investors over the next 12 months.

    Overall, this could make Aroa Biosurgery worth a closer look. Particularly if you’re looking for some small cap exposure.

    The post Guess which small cap ASX stock could rise 50% in a ‘transformational year’ appeared first on The Motley Fool Australia.

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    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.