Category: Stock Market

The Nextdc Ltd (ASX: NXT) share price is in focus today as the company announced it has secured A$1.8 billion in new senior debt facilities, taking its available senior debt to A$8.2 billion and boosting estimated pro forma liquidity to A$8.4 billion.

What did NEXTDC report?

• Secured A$1.8 billion in new senior debt commitments from domestic and international banks
• Total available senior debt facilities to rise from A$6.4 billion to A$8.2 billion
• Estimated pro forma 30 June 2026 liquidity (cash and undrawn facilities) increases to approximately A$8.4 billion
• Debt margins broadly in line with existing senior facilities
• Proceeds earmarked to fund recent contract wins and ongoing data centre development

What else do investors need to know?

NEXTDC’s new borrowing signals strong backing from both local and international banks, following record contracted utilisation updates and recent capital-raising efforts. These facilities will support the company’s growth plans, particularly expanding its data centre footprint in response to increased customer demand.

A general syndication process for the debt is about to begin, with financial close on track for July 2026, subject to the usual conditions. The company’s existing Common Terms Deed will govern the new facilities, offering consistency and predictability for both NEXTDC and its stakeholders.

What’s next for NEXTDC?

NEXTDC plans to apply the funds to capital expenditure for new and ongoing data centre projects, driven by recent large customer contract wins. The financing ensures robust liquidity and supports its growth ambitions, positioning the business to capitalise on Australia’s digital infrastructure boom.

Investors can expect the company to focus on operational excellence and sustainability as it strengthens its leadership in the data centre space. With liquidity levels set to reach new highs, NEXTDC says it’s well-placed for future expansion.

NEXTDC share price snapshot

Over the past 12 months, NEXTDC shares have risen 13%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 7% over the same period.

View Original Announcement

The post NEXTDC secures $1.8bn in new senior debt to boost liquidity appeared first on The Motley Fool Australia.

More reading

• Lottery Corporation secures 40-year Victorian lottery licence extension
• Got $10,000 to invest in May? Here are 2 ASX tech shares to buy
• Regis and Vault to combine, creating new ASX gold powerhouse
• Nine Entertainment flags digital momentum, targets cost cuts after QMS Media deal
• Magellan Financial Group slashes global fund fees, appoints new manager

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.

Two ASX tech shares have been quietly climbing higher in recent weeks. Shares in NextDC Ltd (ASX: NXT) are up 23% over the past month, while WiseTech Global Ltd (ASX: WTC) has gained around 10%.

Even more interesting, brokers see significant upside ahead — in some cases as much as 165% over the next 12 months.

So, could now be the time to put $10,000 to work?

NextDC: Powering the digital boom

This roughly $10 billion ASX tech share sits at the heart of Australia’s digital infrastructure boom. As demand for cloud computing, artificial intelligence, and data storage accelerates, the company’s network of data centres is becoming increasingly critical.

NextDC provides secure, high-performance facilities that allow businesses to store and process vast amounts of data. Its customer base includes major enterprises, cloud providers, and government agencies, many of which sign long-term contracts. This creates recurring revenue streams and a relatively stable earnings base.

The structural tailwinds are strong. AI workloads and cloud adoption are driving a step-change in data usage, and that plays directly into NextDC’s expansion plans. However, growth does not come cheaply. Data centres are capital-intensive, requiring significant upfront investment. This can weigh on short-term earnings and make the business sensitive to funding conditions.

Competition is another factor, as global players continue to invest heavily in the space.

Despite these risks, brokers remain upbeat. Consensus estimates point to an average 12-month price target of around $20.20, implying roughly 43% upside from current levels. At the bullish end, some forecasts suggest gains of up to 125%. Analysts at Citigroup recently retained a buy rating on the ASX tech share and lifted their price target to $19.10, signalling potential upside of about 35%.

WiseTech: Global leader in logistic software

Turning to WiseTech Global, the logistics software specialist has also endured volatility but continues to attract strong support from analysts.

WiseTech’s flagship CargoWise platform is deeply embedded in global supply chains, helping freight forwarders and logistics providers manage complex international operations. This integration creates high switching costs and supports recurring revenue growth.

The ASX tech share is also leaning into artificial intelligence, embedding it across its platform to improve automation, efficiency, and decision-making. If successful, this could enhance the value of its software and strengthen its competitive position.

Still, risks remain. Like many high-growth tech companies, WiseTech faces execution challenges as it scales, and any slowdown in global trade could impact demand.

Even so, broker sentiment remains firmly positive. Bell Potter has a buy rating and a $78.75 price target on the stock. Based on recent levels around $43.50, that implies 80% upside over the next year.

Across the market, the average price target for the ASX tech share sits near $77, suggesting around 75% upside. At the more bullish end, some forecasts climb as high as $115.85, pointing to potential gains of nearly 165%.

The post Got $10,000 to invest in May? Here are 2 ASX tech shares to buy appeared first on The Motley Fool Australia.

More reading

• NEXTDC secures $1.8bn in new senior debt to boost liquidity
• 2 ASX shares highly recommended to buy: Experts
• 3 reasons to buy WiseTech shares in May
• 10 excellent ASX shares to buy in May
• Brokers name 3 ASX shares to buy right now

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

Today, Regis Resources Ltd (ASX: RRL) and Vault Minerals Ltd (ASX: VAU) announced a merger of equals via a scheme of arrangement, creating Australia’s third-largest primary ASX-listed gold producer. Key highlights include combined anticipated gold production of over 700,000 ounces per year and a pro forma market capitalisation of about $10.7 billion.

What did Regis and Vault report?

• Regis will acquire 100% of Vault shares via a scheme of arrangement, with Vault shareholders receiving 0.6947 Regis shares for each Vault share held
• Combined company forecast to produce more than 700,000 ounces of gold annually from five operating assets in Western Australia and Canada
• No drawn debt and pro forma cash and bullion holdings of $1.9 billion as at 31 March 2026
• Significant mineral endowment: 6.0 million ounces of Ore Reserves and 20.5 million ounces of Mineral Resources
• Expected annualised free cash flow of $1.7 billion and over $500 million in anticipated corporate tax benefits
• Regis and Vault shareholders will own circa 51% and 49% of the merged company respectively

What else do investors need to know?

The Vault board has unanimously recommended the scheme in the absence of a superior proposal and subject to an independent expert’s endorsement. Similarly, the Regis board has provided unanimous support, with both boards agreeing to reciprocal break fees of around $50.7 million, should the transaction not proceed under certain scenarios.

The merged group will be led by Jim Beyer as Managing Director and CEO, and Russell Clark as Non-Executive Chairman, with equal representation on the board from both companies. Shareholders can expect continuity on capital management policies, with both parties able to pay dividends before completion, leading to an adjustment in the share exchange ratio if necessary.

What did Regis management say?

Jim Beyer, Managing Director and CEO of Regis, said:

This merger creates Australia’s third largest primary ASX-listed gold producer, which demands global recognition. Combining our high-quality assets across five Western Australian operating hubs, we expect annual production exceeding 700,000 ounces from a combined Mineral Resource base of 20.5 million ounces. With a strong balance sheet, approximately A$1.9 billion in cash and bullion, and a compelling organic growth pipeline, including the McPhillamys development project and Sugar Zone, the combined company is exceptionally well-positioned to deliver long-term value and enhanced capital returns for our shareholders.

What’s next for Regis and Vault?

Both boards will now advance the merger process, with a Scheme Booklet setting out further details and an independent expert’s opinion expected to reach Vault shareholders in coming months. The indicative timetable targets implementation in August or September 2026, subject to shareholder approval, court and regulatory consents.

If approved, the group will focus on integrating operations, progressing organic growth projects, and looking to unlock cost synergies and improved capital efficiency across its expanded portfolio. The strong, debt-free balance sheet and enhanced scale are expected to support increased market relevance and shareholder value.

Regis and Vault share price snapshot

Over the past 12 months, Regis shares have risen 62%, meanwhile Vault shares are also 57% higher than a year ago. Both companies have strongly outperformed the S&P/ASX 200 Index (ASX: XJO), which has increased just 7% over the same period.

View Original Announcement

The post Regis and Vault to combine, creating new ASX gold powerhouse appeared first on The Motley Fool Australia.

More reading

• Lottery Corporation secures 40-year Victorian lottery licence extension
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• Flight Centre Travel Group posts profit and TTV growth despite challenges

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.

As more quarterly reports roll in, brokers are quickly adjusting their outlooks on plenty of ASX shares. 

Two AS healthcare shares that just received fresh guidance from the team at Morgans are Epiminder Ltd (ASX: EPI) and Saluda Medical Inc (ASX: SLD). 

Both of these ASX healthcare shares have fallen significantly in 2026, down between 48% and 60%. 

However the team at Morgans is anticipating a bounce back for both. 

Here is what the broker had to say. 

Epiminder Ltd (ASX: EPI)

Epiminder develops the Minder system, a technology currently under evaluation that aims to improve epilepsy treatment by continuously recording brain activity data to reveal previously unseen epileptic episodes.

In 2026, the ASX healthcare stock has fallen nearly 50%. 

However following its recent quarterly activities report, the team at Morgans has reiterated its speculative buy recommendation. 

The broker said momentum is building, with 3QFY26 activity highlights improving execution. Morgans also highlighted DETECT enrolment and site activation now gaining traction following a slow start.

Since 1HFY26, EPI has expanded to 18 Tier-1 US centres and increased enrolled patients to 15 (from 3 in February), remaining on track to reach 25 this month. Cash burn was lower than expected, reflecting timing of site invoicing, while runway remains intact through CY28. We adjusted FY26-28 forecasts and lowered our DCF-based target price to A$2.23 mainly on risk-free rate adjustment.

Yesterday, Epiminder shares closed trading at 54 cents per share. 

From this price, the updated target from Morgans indicates an upside potential of more than 300%. 

Saluda Medical Inc (ASX: SLD)

Saluda Medical is an ASX healthcare commercial-stage medical device company focused on developing treatments for chronic neurological conditions using its novel neuromodulation platform.

Its share price is down nearly 60% year to date. 

However a fresh price target from Morgans indicates this could rebound significantly.  

The company also released a quarterly report last week. 

Morgans said the 3QFY26 activity continued to build on strong 1H performance, with accelerating US commercial momentum underpinning another revenue upgrade. 

The broker highlighted revenue growth of 13% QoQ to US$23.8m (+34% YoY), supported by strong growth in implanted patients (+55% YoY), active physicians and utilisation. 

We view the second consecutive guidance upgrade (now US$87m, +24% YoY) as evidence of improving visibility, with salesforce scaling and physician productivity continuing to trend ahead of expectations. We update FY26 forecasts in line with guidance, with our DCF-based target price lowered to A$2.94, mainly on FX and risk-free rate adjustments. SPECULATIVE BUY maintained.

This updated price target of $2.94 indicates an upside potential of 400%. 

The post Two ASX healthcare shares that could triple in the next year appeared first on The Motley Fool Australia.

More reading

• Lottery Corporation secures 40-year Victorian lottery licence extension
• Down 21%: Why Dan Murphy’s owner could be an ASX 200 stock to buy
• NEXTDC secures $1.8bn in new senior debt to boost liquidity
• Got $10,000 to invest in May? Here are 2 ASX tech shares to buy
• Regis and Vault to combine, creating new ASX gold powerhouse

Motley Fool contributor Aaron Bell 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.

If you’re starting out in the ASX share market, complexity is often the biggest enemy. Many beginners assume a strong portfolio needs a long list of stocks. In reality, piling into too many similar companies can dilute your returns and make your portfolio harder to manage.

A more effective approach is to focus on a handful of high-quality ASX shares that each serve a clear purpose. By blending income, growth, and defensive characteristics, you can build a portfolio that is both simple and resilient.

APA Group (ASX: APA)

One company that fits the income role well is APA Group. This ASX share owns and operates critical energy assets including gas pipelines and electricity infrastructure. Because these assets are essential to the economy, the company benefits from stable and often regulated cash flows.

That reliability has supported consistent dividend payments over time. While it may not deliver rapid growth, APA can provide a steady income stream and act as a stabilising force when markets become volatile.

Wesfarmers Ltd (ASX: WES)

For growth combined with diversification, Wesfarmers stands out as a core portfolio holding. Its operations span multiple industries, including retail through well-known brands like Bunnings, Kmart, and Officeworks, as well as industrial and chemical businesses.

This mix gives Wesfarmers the ability to perform across different economic conditions. When consumer spending slows in one area, strength in another can help offset the impact. Over time, its disciplined management and strong balance sheet have made it one of the most reliable long-term performing ASX shares.

Transurban Group (ASX: TCL)

Rounding out the trio is Transurban Group, which provides exposure to infrastructure assets. Transurban owns and manages toll roads in Australia and overseas, generating revenue from millions of daily commuters. These assets often come with long-term concessions and built-in toll increases, meaning revenue can grow steadily over time.

Because demand for major roads tends to remain relatively consistent, this ASX share offers a defensive element alongside moderate growth potential.

Foolish Takeaway

What makes this combination of ASX shares effective is how each company complements the others. APA Group contributes dependable income, Wesfarmers delivers diversified growth, and Transurban adds infrastructure-backed stability. Together, they span different sectors of the economy, reducing reliance on any single source of earnings.

It’s also worth noting that chasing extremely high dividend yields can sometimes lead investors into riskier territory. Many of the safest and most established ASX companies offer more moderate yields but compensate with consistency and long-term growth. That balance is often more valuable than simply aiming for the highest payout.

The key takeaway is that building a strong portfolio doesn’t require complexity. By choosing a small number of quality businesses with distinct roles, you can create a foundation that’s easier to manage and better positioned for long-term success.

The post 3 top ASX shares to build a simple, balanced portfolio in 2026 appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Van Dinther 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 Transurban Group and Wesfarmers. The Motley Fool Australia has positions in and has recommended Apa Group and Transurban Group. 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 Wesfarmers Ltd (ASX: WES) share price is down 19% from its February peak, as the chart below shows. Experts have given their view on where the business valuation could go next.

Wesfarmers is a very impressive retail company with a number of leading businesses including Kmart, Bunnings, Officeworks, Priceline and Target.

Let’s take a look at where experts think the Wesfarmers share price could go from here.

Are capital gains likely?

No-one has a crystal ball to reveal what’s going to happen next.

But, some brokers/analysts issue price targets, suggesting where they think the share price will go over the next 12 months.

According to CMC Invest, of eight recent ratings on the business, the average price target is $76.93, which suggests a potential gain of 6% from where it is.

The most optimistic price target is $92.31, suggesting a possible rise of 27%. If it did rise that much, I imagine it would outperform the S&P/ASX 200 Index (ASX: XJO) quite convincingly.

Why could the Wesfarmers share price rise?

The business generates its earnings from a number of sources, but some of the main profit generators could see a step-up in earnings over the next couple of years.

For example, lithium prices have jumped in recent months, amid the significant volatility of fuel prices and availability, with electric vehicles and batteries looking a lot more appealing. This bodes well for Wesfarmers’ investment in lithium mining.

It’s true that interest rates and inflation are higher, which may impact household spending. However, Kmart and Bunnings famously aim to give customers great value, which could be very attractive for customers during this upcoming period. I’m expecting these businesses to gain market share over the next year, as they did during the 2022 to 2024 period of higher inflation.

When the company did announce its FY26 half-year result, it did indicate that its main businesses had achieved revenue growth in the early part of the FY26 second half. Ongoing growth is a pleasing sign.

I’m also a fan of the company’s WesCEF (chemicals, energy and fertilisers) business, which offers Wesfarmers the ability to grow earnings across a diversified array of sectors, with fertilisers being one area I’ve got my eyes on during this period.

According to the forecast on Commsec, the Wesfarmers share price is valued at under 29x FY26’s estimated earnings.

It’s not cheap, hence the relatively muted price targets, but I think it’s still a solid option for the long-term at the current Wesfarmers share price.

The post How much could the Wesfarmers share price rise in the next year? appeared first on The Motley Fool Australia.

More reading

• 3 top ASX shares to build a simple, balanced portfolio in 2026
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Motley Fool contributor Tristan Harrison 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 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 Nine Entertainment Co. Holdings Ltd (ASX: NEC) share price is in focus today as the company announced strong Q3 revenue growth and completed the acquisition of QMS Media, marking continued progress on its digital-first strategy.

What did Nine Entertainment report?

• Q3 FY26 Group revenue grew in the low single digits for Total Television, with audiences up 8% (Total People) and 10% (age 25–54) year-on-year.
• QMS Media’s Q3 revenue rose approximately 15% on the prior year, supported by key contract wins in Sydney and Auckland.
• Nine Publishing digital subscription revenue increased 15% in Q3, extending double-digit momentum into Q4.
• Stan achieved further strong EBITDA growth in the second half, sustaining positive momentum from H1.
• On a continuing basis, Total Television costs in FY26 are expected to fall by mid- to high single digits compared to FY25.
• The sale of Nine Radio completed on 30 April 2026; NBN and Nine Darwin restructures are expected by 30 June, pending approvals.

What else do investors need to know?

Nine’s strategic repositioning is gathering pace, with M&A activity expanding its digital and outdoor media footprint. The integration of QMS Media is expected to bring high-margin growth and diversify Nine’s revenue base, particularly through contract wins in metro areas.

Advertising market conditions remain challenging, especially moving into Q4, influenced by broader economic uncertainty and the absence of last year’s Federal election boost. However, Nine remains on track with cost discipline, targeting notable reductions in Total Television expenses despite inflation and continued investment in content and technology.

Nine Publishing is progressing with new commercial models, including licensing content for corporate AI applications. The company is also preparing for regulatory changes affecting digital content deals like the upcoming Government News Bargaining Incentive.

What did Nine Entertainment management say?

Chief Executive Officer Matt Stanton said:

Nine is successfully executing a strategic pivot toward a high-growth, digital-first portfolio, punctuated by the QMS Media acquisition and the sale of Nine Radio. While the broader advertising market faces a ‘short’ and uncertain Q4, core operational performance remains resilient. Total Television continues to deliver market-leading audience growth in key demographics, Stan is sustaining its strong EBITDA growth trajectory and Publishing is recording further double-digit digital subscription revenue gains alongside emerging AI licensing opportunities. By continuing to manage the cost base — now expecting FY26 Total TV costs to decline in the mid-to-high single digits — and integrating the high-margin revenue from QMS, Nine is balancing disciplined capital management with a clear strategy to drive long-term shareholder value through premium content and unique data.

What’s next for Nine Entertainment?

Nine will focus on fully integrating QMS Media and maximising the benefits of its enhanced digital, streaming, and outdoor media offerings. Management is optimistic about growing high-margin digital revenues and pursuing adjacent opportunities, including retail media and AI-powered content deals.

With its restructured portfolio leaning into growth engines like subscription streaming and premium digital publishing, Nine aims to deliver ongoing cost efficiencies and expand its cross-platform content reach. The outcome of regulatory processes and shareholder approvals in Q4 FY26 will also shape near-term strategic priorities.

Nine Entertainment share price snapshot

Over the past 12 months, Nine Entertainment shares have declined 36%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 7% over the same period.

View Original Announcement

The post Nine Entertainment flags digital momentum, targets cost cuts after QMS Media deal appeared first on The Motley Fool Australia.

More reading

• Lottery Corporation secures 40-year Victorian lottery licence extension
• NEXTDC secures $1.8bn in new senior debt to boost liquidity
• Regis and Vault to combine, creating new ASX gold powerhouse
• Magellan Financial Group slashes global fund fees, appoints new manager
• Flight Centre Travel Group posts profit and TTV growth despite challenges

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 recommended Nine Entertainment. 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.

A2 Milk Company Ltd (ASX: A2M) shares started the week with a heavy decline.

On Monday, the infant formula company’s shares crashed 10% to $6.55 after announcing a product recall in the United States.

This latest decline means that its shares are now down almost 30% since the start of the year.

Let’s see if Bell Potter thinks this has created a buying opportunity for investors.

What is the broker saying?

Bell Potter suspects that contaminated ARA could be behind the product recall. It said:

A2M has initiated a voluntary recall of three batches of IMF products sold in the USA due to the presence of cereulide, with the probable source from an ingredient in the IMF supply chain. The ingredient hasn’t been named but we note contaminated ARA has been the product causing similar cereulide contamination recalls globally from competitor products and as such we suspect this is the likely culprit. The recall covers a small amount of volume and hence is not expected to have an impact on FY26e outcomes.

However, the broker does see risks that the news could impact its brand in the lucrative China market. It adds:

There is the risk that A2 as a brand in China could be associated with a contaminated product and that can have an impact on the perception of the brand in China, even if the recall is outside China and the recall volume is small. A formal announcement by GACC has been released, stating that the recalled product was only sold in the USA, which likely further brings attention to the event.

Bell Potter suspects that this could lead to a higher marketing investment to recapture lost customers. The broker said:

We note our forecasts were below consensus in FY27e, as we had expected the issues in 4Q26e COGS would drag into 1Q27e and had seen the potential for marketing investment to be front ended as A2M would need to recapture lost customers. There is the potential that brand investment will need to be lifted as A2M seeks to reassure Chinese customers over product safety.

Should you buy A2 Milk shares after the dip?

According to the note, Bell Potter has retained its hold rating on A2 Milk shares with a reduced price target of $6.75 (from $8.35). This compares to its current share price of $6.55.

Commenting on its recommendation, the broker said:

Our Hold rating is unchanged. Product recalls, even outside of China have the scope to impact brand perception. The timing of the recall is also less than ideal as A2M is already short product on ground in China and hence already needed to potentially invest to recapture customers that had switched to alternative suppliers.

The post Are A2 Milk shares a buy after the 10% selloff on Monday? appeared first on The Motley Fool Australia.

More reading

• Why are A2 Milk shares crashing 13% to fresh 52-week lows?
• Why A2 Milk, Accent, Endeavour, and Woodside shares are falling today
• The worst 4 ASX 200 stocks to buy and hold in April unmasked
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• Buy, hold, sell: Pro Medicus, Life360, A2 Milk shares

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 Magellan Financial Group Ltd (AX: MFG) share price is in focus after announcing a major shake-up to its flagship global equities funds, including a new investment manager and reduced management fees.

What did Magellan Financial Group report?

• Change of investment manager for Magellan Global Fund and Magellan Global Fund Hedged to Vinva Investment Management Limited
• Global Equities Funds held approximately $5.3 billion in assets under management (AUM) at 30 April 2026
• Management fees cut from 1.35% to 0.89% per annum; performance fees removed
• Expected annual cost savings of about $7 million from reduced team size and administration costs
• Planned closure of the Magellan Global Equities Fund (Currency Hedged), which held $94 million in AUM

What else do investors need to know?

Magellan Asset Management Limited will continue as Responsible Entity and maintain responsibility for fund distribution. The strategy for the Magellan Global Opportunities funds remains unchanged, still overseen by Alan Pullen and Ryan Joyce.

These updates are the result of a comprehensive internal review aiming to better align Magellan’s products with clients’ evolving preferences and ongoing fee pressures in the industry. The move follows an existing partnership with Vinva, in which Magellan already owns a minority stake.

What did Magellan Financial Group management say?

CEO and Managing Director Sophia Rahmani said:

Today’s announcement reflects our commitment to putting clients first and our insight into client needs today and in the future. We have carefully considered this decision and are prioritising client outcomes whilst at the same time positioning Magellan for long-term growth, with an attractive core global equities offering.

The appointment of Vinva – a high-quality investment manager with a strong track record of long-term outperformance for clients – alongside the reduction in Fund fees, strengthens the competitiveness of our global equities offering.

Together, these changes position our investment management business for continued success as we evolve into a more diversified group. At the same time, the Global Opportunities strategy remains as a well-resourced and supported fundamental global equities solution for our clients.

What’s next for Magellan Financial Group?

The transition to Vinva as investment manager and the reduction in fund management fees are set for early June 2026, pending ASX approvals. Magellan expects some client outflows in the short to medium term but aims for long-term growth with this streamlined and more competitively priced offering.

Management is also working with clients in similar strategies to manage any impacts from the transition. The remainder of Magellan’s global funds suite continues unchanged, with a focus on supporting its core client base.

Magellan Financial Group share price snapshot

Over the past 12 months, Magellan shares have risen 34%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 7% over the same period.

View Original Announcement

The post Magellan Financial Group slashes global fund fees, appoints new manager appeared first on The Motley Fool Australia.

More reading

• Lottery Corporation secures 40-year Victorian lottery licence extension
• NEXTDC secures $1.8bn in new senior debt to boost liquidity
• Regis and Vault to combine, creating new ASX gold powerhouse
• Nine Entertainment flags digital momentum, targets cost cuts after QMS Media deal
• Flight Centre Travel Group posts profit and TTV growth despite challenges

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 Flight Centre Travel Group Ltd (ASX: FLT) share price is in focus after the company reported underlying profit before tax (UPBT) up 9.7% to $226.4 million and total transaction value (TTV) up 7.6% to $19.5 billion for the nine months to 31 March.

What did Flight Centre Travel Group report?

• Total transaction value (TTV) up 7.6% to $19.5 billion for the nine months to 31 March
• Underlying profit before tax (UPBT) up 9.7% to $226.4 million
• Corporate segment TTV up 4% and UPBT up 23% year to date
• Leisure segment TTV up 12% and UPBT up 2% year to date
• Interim dividend of 12 cents per share, fully franked, paid in April 2026
• $200 million share buyback program completed, with 16.2 million shares bought back (7.3% of shares on issue)

What else do investors need to know?

Flight Centre Travel Group continues to focus on efficiency, with costs now well below pre-pandemic levels and productivity up across the business. Its global corporate operations remain resilient, recording solid transaction and profit growth, while the leisure division achieved nine consecutive months of double-digit TTV growth across all categories.

The company is accelerating its investment in technology, expanding digital and AI capabilities to improve customer experience and consultant effectiveness. The new World360 Rewards loyalty program also launched, offering customers the ability to earn and redeem travel rewards across all major brands, supporting recurring revenue and customer retention.

What did Flight Centre Travel Group management say?

Chief Financial Officer said Adam Campbell said:

We’ve seen strong momentum in both our corporate and leisure businesses, despite a challenging travel environment. Our people have gone above and beyond for customers, and our focus on technology and efficiency continues to deliver returns.

What’s next for Flight Centre Travel Group?

Flight Centre has reiterated its full-year UPBT target of $315 million to $350 million but is closely monitoring the impact of global events—especially unrest in the Middle East—on near-term trading. While the leisure business saw an estimated $10 million profit hit in April from disrupted travel, the global corporate segment remains largely unaffected for now.

The company is maintaining strict cost control and boosting its market share with targeted promotions. It plans to leverage supplier relationships and is prepared for a rebound in demand as stability returns, supported by strong brands and a well-capitalised balance sheet.

Flight Centre Travel Group share price snapshot

Over the past 12 months, Flight Centre Travel Group shares have declined 21%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 7% over the same period.

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The post Flight Centre Travel Group posts profit and TTV growth despite challenges appeared first on The Motley Fool Australia.

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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 recommended Flight Centre Travel Group. 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.