Category: Stock Market

The AVZ Minerals Ltd (ASX: AVZ) share price was scheduled to return from its six-month suspension on Tuesday.

However, the lithium developer has still not finalised the legal wrangle that is holding up the finalisation of the mining and exploration rights for the Manono Lithium and Tin Project in the Democratic Republic of the Congo (DRC).

As a result, the company has requested that its shares remain suspended for a further 30 days. It commented:

The Company advises that the subject of the initial trading halt request remains incomplete and requests a further extension to the voluntary suspension until the commencement of trade on 15 December 2022 or an earlier announcement to the market regarding its mining and exploration rights for the Manono Project.

What’s actually happening?

AVZ is currently facing arbitration proceedings from China’s Jin Cheng Mining in relation to an ownership dispute.

Jin Cheng claims it owns a portion of the Manono Project, whereas AVZ denies this.

The company provided an update on matters last month. That update revealed that the DRC Tribunal granted a request by Dathomir Mining Resources for the interim suspension of the sale of a 15% interest in the Manono Lithium Project to AVZ.

AVZ believes this action is incorrect, stating: “AVZI duly completed each of the Dathomir SPAs in August 2021, including payment within the required time period, and thereby legally acquired a further 15% interest in Dathcom.”

Furthermore, as far as management is concerned, it “retains legal title to a 75% interest in the Manono Project and its pre-emptive rights over the balance of the Project.”

What’s next for AVZ?

On Thursday, the company is holding its annual general meeting in Perth.

It certainly will be interesting to see how shareholders vote on items such as the remuneration report.

Stay tuned for that!

The post AVZ Minerals trading halt extended again. What is going on? appeared first on The Motley Fool Australia.

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More reading

• The trading halt on AVZ Minerals shares has been extended again. Here’s the latest
• 3 ASX mining shares that turned a $10,000 investment into $500,000
• AVZ share price remains on ice following legal update

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.

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The Qantas Airways Limited (ASX: QAN) share price suffered some turbulence today. It managed to finish 0.2% higher, however, at one point it was down around 1.4%. But, it recovered during the afternoon.

To put that in context, the S&P/ASX 200 Index (ASX: XJO) ended the day down 0.1%.

Looking at some of the other air-related ASX shares, the Air New Zealand Limited (ASX: AIZ) share price rose by 0.7% and the Auckland International Airport Limited (ASX: AIA) share price climbed 0.6%.

I think it’s also interesting to note what happened with the oil and gas ASX shares because a higher oil price is a good thing for the oil businesses but not so good for the airlines, and vice versa when the oil price goes lower. Today, the Woodside Energy Group Ltd (ASX: WDS) share price fell 1.4% and the Santos Ltd (ASX: STO) share price declined 0.3%.

Trouble ahead for the Qantas share price?

According to reporting by The Australian, the ASX travel share warned that existing “marginal” flight routes and services may be shut down if the current proposed industrial relations reform is passed. It was reported that Qantas claimed the change would “destroy demand” for flying because of higher costs.

In a submission to the Senate inquiry, Qantas said it would plunge the aviation sector back 40 years, which would mean a “cascade” of job losses and less flying. The airline said:

The Bill places at risk a vigorously competitive, efficient and innovative Australian aviation industry.

For the Qantas Group, it will almost certainly mean less flying because costs will rise and demand will be destroyed – particularly on marginal routes. This will result in less investment and fewer jobs in aviation, with a flow on effect for communities and tourism.

This is not catastrophising because we have seen a version of this before under Australia’s centralised wage-fixing model in the 1970s.

The airline suggested that multi-employer bargaining would essentially become industry-wide agreements that would “undermine the viability of many enterprises” according to reporting by The Australian.

Recent movements

Over the past month, the Qantas share price is flat. However, since the start of the year, the airline has seen a rise of 13%.

The post Why did the Qantas share price face headwinds today? appeared first on The Motley Fool Australia.

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More reading

• Why did the Qantas share price have such a lousy start to the week?
• Are ASX share investors getting their mojo back?
• How does a weak Aussie dollar impact Qantas shares?
• Macquarie tips $800m buyback for Qantas shares
• Qantas boss says ‘we’re back’, but should you buy the ASX airline share?

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 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.

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Three ASX mining shares defied the sell-off in the materials sector on Tuesday.

The S&P/ASX 200 Materials Index (ASX: XMJ) was today’s second-worst-performing sector index, losing 1.01% by market close. ASX 200 lithium shares were hit particularly hard, with the Core Lithium Ltd (ASX: CXO) share price dumping a massive 15.82% by the day’s end.

But back to our big-moving little miners, which also outperformed the broader market by a large margin. The S&P/ASX 200 Index (ASX: XJO) didn’t move much at all today, finishing the session with a 0.07% loss.

Let’s uncover why these mining shares were off to the races on Monday.

Victory Goldfields Ltd (ASX: 1VG)

The Victory Goldfields share price finished Tuesday’s trade up by a sizeable 30.56%.

Earlier in the session, shares of the gold junior exploded over 70% after the company posted news regarding a new discovery of not gold, but rare earths (REE).

Victory Goldfields revealed the drilling results from its North Stanmore REE project located in Western Australia, which included high-grade heavy rare earth oxide (HREO) yields.

The discovery was described as being ‘significant’ as it’s up to 350% more valuable than previously reported deposits.

Victory Goldfields executive director Brendan Clark commented that the discovered grades and ratios “potentially make the discovery one of the most valuable ionic clay hosted rare earth systems compared to our peers based on our high basket price.”

Lycaon Resources Ltd (ASX: LYN)

The Lycaon Resources share price also gained an impressive 32.26% on Tuesday.

The mineral explorer announced this morning it had entered into a binding heads of agreement to acquire the Stansmore Carbonatite Project located northwest of Alice Springs.

Elements explored at the site are niobium and rare earths.

The company’s technical director, Thomas Langley, described the news as “an exciting opportunity for Lycaon”.

Lycaon Resources is a microcap ASX mining share with a market cap of just $14.5 million.

BBX Minerals Ltd (ASX: BBX)

Finally, BBX Minerals ended Tuesday’s trade up by 23.68%.

There was no news from the company today, but shares could be surging higher on the euphoria of yesterday’s announcement.

The mineral explorer reported that recent bioleaching test work had delivered impressive results. BBX Minerals reported that there was a “significant increase in reported precious metals following [the] bioleaching process”.

Further studies are underway that will include assay results using a larger sample size.

The technology will reportedly help with “metal extraction from low-grade ores and mineral concentrates”.

The post 3 ASX mining shares that surged over 20% Tuesday appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX gold share just exploded 70% on a new rare earths find
• 3 tiny ASX shares that exploded over 30% on big news today

Motley Fool contributor Matthew Farley 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.

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The S&P/ASX 200 Index (ASX: XJO) bank share sector is a competitive space. There are a number of major players, as well as smaller competitors.

Most people have probably heard of Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd (ASX: NAB), Westpac Banking Corp (ASX: WBC) and Australia and New Zealand Banking Group Ltd (ASX: ANZ).

But, how are we supposed to know which bank is better than the others?

There are a number of different things to look at such as the dividend yield, price/earnings (P/E) ratio, price-to-book ratio and so on.

Now that CBA has just revealed its FY23 first quarter, we have some of the most up-to-date information about the banks and their performance.

For a bit of guidance about which ASX 200 bank share may be the best to own, let’s have a look at the view of the investment team from the Perennial Value Australian Shares Trust, which has outperformed the S&P/ASX 300 Accumulation Index (ASX: XKOA) by an average of 3.7% per annum over the past two years.

Banking opinion

The Perennial team noted that in October, its bank holdings outperformed. It was pointed out that the rally started when the Bank of Queensland Limited (ASX: BOQ) said that the benefit from rising interest rates was going to be larger than expected.

Perennial also said that the ANZ result included that benefit as well, showing that credit quality remains “very strong”, with no signs of stress “at present” – this is consistent with the “ongoing strength in the Australian economy.”

The fund manager said that the revenue environment for the banks is the “best it has been in a very long time”. However, margins are “likely to come under pressure again as funding costs rises.”

Banks are feeling the pinch of rising costs, with the ANZ result showing that wage expenses are going up.

On top of that, Perennial said that “it is likely that there will be an increase in bad debts from the current very low levels, as interest rate rises flow through the economy.”

Which is the best ASX 200 bank share?

The fund manager said that, overall, the trust’s holdings represent a neutral position in the banking sector.

However, it does have a larger weighting to NAB which is “performing well operationally and is exposed to the strong growth in business lending.”

It also has an overweight position on the Westpac share price because it “has significant upside should its turnaround be successful.”

However, it’s underweight on the CBA share price because of its “unjustifiable valuation premium” and it called ANZ shares the “weakest franchise”.

Recent results

For investors that didn’t see the most recent results, CBA said that it generated cash net profit after tax (NPAT) of $2.5 billion, up 2%, with income rising 9% and underlying expenses increasing 4.5%.

In the NAB FY22 result, it grew its statutory net profit by 8.3% to $6.89 billion and cash earnings increased by 8.3% to $7.1 billion.

The post ASX 200 bank shares: fundie picks winners and losers of the big four appeared first on The Motley Fool Australia.

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More reading

• Why Allkem, Core Lithium, Flight Centre, and NAB shares are dropping today
• Here are the 3 most traded ASX 200 shares on Tuesday
• Why CBA, DGL, Incitec Pivot, and Readytech shares are pushing higher
• Why is the Pilbara Minerals share price tumbling 10% on Tuesday?
• Building a passive income for retirement? Check out these 3 ASX 200 dividend shares

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Westpac Banking Corporation. 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 Arafura Rare Earths Ltd (ASX: ARU) share price was out of form on Tuesday.

The rare earths developer’s shares ended the day 1.5% lower at 35 cents.

This was driven by weakness in the materials sector, which offset the release of a positive announcement this afternoon.

The S&P/ASX 200 Materials index fell 1% on Tuesday amid significant weakness in the battery materials industry.

What’s happening with the Arafura share price today?

This afternoon, Arafura revealed that the Mining Management Plan (MMP) for its 100% owned Nolans Neodymium-Praseodymium (NdPr) project has been approved by the Northern Territory Government.

Deputy Chief Minister and Minister for Mining and Industry, the Hon Nicole Manison, advised that the application for an authorisation of the Nolans Rare Earth Project under section 36 of the Mining Management Act 2001 has been approved and authorisation 1127-01 granted.

This mining authorisation allows Arafura to mine, construct, and operate the Nolans Project.

Arafura’s managing director, Gavin Lockyer, was pleased with the news. He said:

This approval validates the enormous amount of hard work undertaken since ramping up the Environmental Impact Studies in 2014. It provides the framework, along with our ESG commitment to transparency and openness, that will ensure we minimise the impact of the Nolans Project on the unique Central Australian Arid Zone environment.

This approval, following the recent Hyundai/Kia Offtake Agreement and Project Update, adds to the momentum that should allow Arafura to commence procurement and construction, with FID expected to occur in early 2023.

The Arafura share price remains up over 50% since the start of 2022.

The post What’s going on with the Arafura share price today? appeared first on The Motley Fool Australia.

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More reading

• Why did the Arafura share price surge over 7% higher on Friday?
• Why Arafura Rare Earths, BHP, Capricorn Metals, and Newcrest shares are rising today
• Arafura share price rockets 10% on Hyundai and Kia rare earths deal
• Why have shares in ASX 300 rare earths miner Arafura just been halted?
• Could this news be helping the Sayona share price light up today?

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.

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The market often keeps a close eye on insider buying, as many believe it can indicate what those in the know expect a share to do. For instance, if a director were to snap up a significant chunk of their company’s stock, it could be assumed they expect its value to rise. But what might it mean if an S&P/ASX 200 Index (ASX: XJO) tech insider discards nearly $13 million of their company’s shares?

Interestingly, that’s what seems to have been happening at WiseTech Global Ltd (ASX: WTC) over recent weeks. The company’s founder, CEO, and director Richard White appears to be continually offloading his stake in its shares.

But all might not be what it seems. Let’s take a closer look at the insider selling seemingly going down with the ASX 200 tech share.

Is this ASX 200 tech insider offloading shares?

Plenty of eyes have been on WiseTech shares in recent months as White –  via his company RealWise Holdings – appears to have continually sold down a monumental stake in the ASX 200 tech company.

The most recent transaction tied to White’s name saw the insider apparently selling 117,731 WiseTech shares at an average price of $54.79, bringing in $6.45 million, between 4 November and 10 November.

The prior week, he ‘offloaded’ 111,994 shares at an average price of $57.67, totalling another $6.45 million.

Together, the transactions saw White sell a total of $12.9 million worth of the company’s shares.

As of the most recent notice, RealWise Holdings directly holds nearly 890,000 WiseTech shares. It also indirectly boasts 121 million shares in the ASX 200 tech share.

However, there might be more to this story than meets the eye.

Back in December 2021, the ASX 200 company announced RealWise had entered into an equity swap transaction involving the sale of 4.3 million WiseTech shares. Thus, the recent ‘insider selling’ at the company could simply boil down to the unwinding of the equity swap agreement.

Commenting on the agreement in December, White said:

I am committed to driving WiseTech’s global growth ambitions and positioning our CargoWise logistics execution software as the operating system for global logistics.

As WiseTech continues to gain momentum in delivering revenue growth and market penetration, we are seeing increasing interest from new, long-term investors wanting to be part of the company’s growth journey, which is why it is important to enhance liquidity via an orderly process.

The post Guess which ASX 200 tech insider has sold $12.9m of their company’s shares in just 2 weeks appeared first on The Motley Fool Australia.

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More reading

• 8 All Ords shares that soared 10% or more today
• Here are the top 10 ASX 200 shares today
• 3 ASX 200 tech shares booming 10% or more on Friday
• ASX 200 tech shares jump 6%
• Guess which ASX 200 director sold $6.5m worth of their company shares last week

Motley Fool contributor Brooke Cooper 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 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.

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The All Ordinaries (ASX: XAO) is down 0.15% so far today, but these ASX All Ords shares have still managed to hit 52-week highs.

Treasury Wine Estates Ltd (ASX: TWE), Perseus Mining Limited (ASX: PRU) and Monadelphous Group Limited (ASX: MND) shares all reached new, yearly or multi-year highs at some point during trading today.

Let’s take a look at what’s going on with these ASX All Ords companies.

Treasury Wine Estates

Treasury Wine shares soared to a multi-year high of $13.70 shortly after market open. The wine company’s share price leapt by 3.6% this morning to crack the new high before giving back some of those gains. At the time of writing, Treasury Wine shares are climbing by 0.61%.

Prime Minister Anthony Albanese is meeting with Chinese President Xi Jinping today and, as reported by SBS, Australia’s current trade sanctions on wine, coal, barley and beef could be on the agenda. China slapped a tariff on Australian wine exports back in 2020.

Monadelphous Group 

The Monadelphous Group share price hit a yearly high of $14.64 this morning before also pulling back. Monadelphous shares climbed 2.4% in early trade but are now 0.49% in the red. Monadelphous is an engineering company and recently provided an update on some new contracts. On 9 November, the company advised it had just been awarded new contracts and contract extensions in the resources and energy sectors worth $150 million.

Perseus Mining

Perseus Mining shares climbed 1.83% to an almost 10-year high of $2.22 this morning before shedding some of those gains and then rebounding again. The explorer’s share price is up 1.38% to $2.21 at the time of writing. The spot gold price is currently down 0.17% to US$1,773.9 an ounce, CNBC data shows.

Perseus is exploring gold from three operating mines in Africa. In the September quarter, Perseus reported record gold production of 137,460 ounces, up 12% on the previous quarter.

The post 3 ASX All Ords shares that racked up new 52-week highs this morning appeared first on The Motley Fool Australia.

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More reading

• Brokers rate these blue chip ASX 200 shares as buys
• Here are the top 10 ASX 200 shares today
• Morgans names 3 of the best ASX 200 shares to buy in November
• Here’s why brokers rate these blue chip ASX 200 shares as buys
• These were the best-performing ASX 200 shares in October

Motley Fool contributor Monica O’Shea 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 Treasury Wine Estates Limited. 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 200 Index (ASX: XJO) is on course to record another small decline. In afternoon trade, the benchmark index is down 0.1% to 7,139 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:

Allkem Ltd (ASX: AKE)

The Allkem share price is down 12% to $14.28. Although Allkem released its annual general meeting update today, this decline appears to have been driven by broad weakness in the lithium industry. In other news, the company’s chair, Martin Rowley, has announced his surprise retirement from the role this afternoon.

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is down 15% to $1.59. Once again, this has been driven largely by significant weakness in the lithium industry today. In addition, this morning Macquarie downgraded Core Lithium’s shares to a neutral rating and cut its price target to $1.80. The broker suspects that Core Lithium’s first spodumene production could be delayed until FY 2024.

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price is down a further 2.5% to $15.98. Investors have been selling this travel agent’s shares this week following the release of a trading update at its annual general meeting. One broker that was not impressed was Ord Minnett. This morning its analysts downgraded Flight Centre’s shares to a lighten rating with a trimmed price target of $13.71.

National Australia Bank Ltd (ASX: NAB)

The NAB share price is down 2.5% to $30.44. This has been driven by the banking giant’s shares going ex-dividend this morning for its final dividend. Last week, NAB released its full year results and declared a fully franked 78 cents per share fully franked final dividend. This will now be paid to eligible shareholders on 14 December.

The post Why Allkem, Core Lithium, Flight Centre, and NAB shares are dropping today appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most traded ASX 200 shares on Tuesday
• Here’s what Goldman Sachs is saying about the Flight Centre share price
• Why are ASX 200 lithium shares hitting the dirt on Tuesday?
• Why is the Core Lithium share price falling 12% on Tuesday?
• Why is the Allkem share price crashing 10% today?

Motley Fool contributor James Mickleboro has positions in Allkem Limited. 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 Limited. 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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It’s again looking like a disappointing day for the S&P/ASX 200 Index (ASX: XJO) this Tuesday.

After going backwards yesterday, the ASX 200 looks to be on track to record another loss for this session. At the time of writing, the index has lost 0.12% of its value, dropping down to 7,138 points.

But let’s not dwell on all that. Instead, it’s time to check out the shares currently topping the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

Telstra Group Ltd (ASX: TLS)

First up today is the ASX 200 telco Telstra. So far this Tuesday, a sizeable 26 million Telstra shares have been dialled in to a new owner. We haven’t heard any fresh news out of the company today. So perhaps we can put this high volume down to the volatility we have seen with Telstra shares this Tuesday.

The telco is presently bucking the market with a gain of 0.52% to $3.88 a share. But Telstra has had several stints in both positive and negative territory this session, fluctuating between $3.84 and $3.89 all day. It’s probably this volatility that has caused the high trading volumes we see.

Pilbara Minerals Ltd (ASX: PLS)

From TLS to PLS! ASX 200 lithium share Pilbara Minerals is next up for this session. This Tuesday has seen a hefty 52 million Pilbara shares find a new ASX home. We haven’t heard anything out of Pilbara itself either.

But, as my Fool colleague Bernd went through this afternoon, ASX lithium shares of all shapes and sizes are getting a drubbing today. In Pilbara’s case, the company is down by a nasty 9.83% to $4.77. This follows the company’s 11% gain yesterday. With all of this bouncing around, it’s no wonder so many shares are taking flight.

Core Lithium Ltd (ASX: CXO)

Our final ASX 200 share today is another ASX lithium stock in Core Lithium. This Tuesday’s session has had a whopping 78.2 million Core Lithium shares change hands as it currently stands. We seem to have a similar situation to Pilbara Minerals with this company.

Despite no news out from Core itself, the Core Lithium share price has been walloped by investors today. The company is down a depressing 14.4% to $1.60 a share. With a loss of that magnitude, there was always going to be a high number of shares being traded.

The post Here are the 3 most traded ASX 200 shares on Tuesday appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has positions in Telstra Corporation Limited. 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 Telstra Corporation Limited. 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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S&P/ASX 200 Index (ASX: XJO) shares met with wildly varying fortunes in the months, and indeed years, following the onset of the global pandemic.

ASX travel stocks, as you’d expect, were among those that got absolutely smashed. And this sector has taken more than two years to rebound following the virtual halt of global air travel in April 2020.

On the flip side, ASX 200 healthcare shares tended to strongly outperform after COVID-19 became an unwanted household name as demand for their products and services surged.

That outperformance means that some of these top companies are struggling today as markets work to rebalance the post-pandemic supply and demand dynamics.

Which is not to say there aren’t some potentially juicy opportunities out there.

Why this ASX 200 share is ‘one of the best’ on the market

Speaking to Livewire, David Moberley, portfolio manager at ClearLife Capital named medical device company Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) as the ASX 200 share he doesn’t currently own but that tops his watchlist.

Why doesn’t he own Fisher and Paykel just now?

“Unfortunately… COVID was a huge beneficiary for them. A lot of their machines were put out into the market to support hospitals over that COVID treatment period. And the industry, at the moment, is trying to digest some of that inventory,” Moberley said.

At the moment, ClearLife is awaiting a better entry point as they examine the demand outlook for the company’s devices. Moberley explained that they’re “having a look at that inventory and when it draws down,” adding that the ASX 200 share “looks good on a medium-term view”.

On that medium-term view, Moberley is quite bullish on the outlook for Fisher & Paykel Healthcare:

It’s one of the best businesses in the market. The balance sheet’s rock solid, management is really strong, and it’s a global leader in its space. Its Optiflow oxygen therapy is basically close to a monopoly position, and they’re very underpenetrated. So we’re talking single-digit type penetration and the opportunity is huge for them.

Fisher & Paykel Healthcare share price snapshot

Going back to the first year of the pandemic, the Fisher and Paykel Healthcare share price gained 62% in the first eight months of the year (3 January to 28 August).

However, 2022 has been a different story, with the ASX 200 share down 43% year to date.

It is currently up 1% at $17.87 in late afternoon trade on Tuesday.

The post This ASX 200 share is ‘one of the best businesses in the market’: fundie appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben 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.

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