Category: Stock Market

It’s been a fantastic day so far for ASX shares and the S&P/ASX 200 Index (ASX: XJO). So far this Thursday, the ASX 200 has gained a pleasing 0.76% to around 7,050 points. But what is the Wesfarmers Ltd (ASX: WES) share price doing?

Wesfarmers shares are enjoying a similar experience to the overall market as it currently stands. The ASX 200 blue-chip retail conglomerate is presently trading at $47.68 a share, up 0.85% for the day so far.

So these gains could just be a consequence of the goodwill we see across the share market today. But it’s also possible investors are expecting good things from the company when it reports its full-year earnings for FY2022 tomorrow.

Yes, Wesfarmers is scheduled to give investors a look at its books tomorrow, 26 August. Optimism for these results might be stemming from some recent broker opinions on the company.

As my Fool colleague James covered earlier this month, ASX broker Morgans is expecting some good news.

Why are ASX 200 investors buying into Wesfarmers shares today?

The broker has a 12-month share price target of $58.40 on Wesfarmers shares today. If this were to be realised, it would result in a pleasing 22.7% upside from where the shares trade today.

Inflation is ravaging the fortunes of many ASX 200 shares in 2022. Just look at what is happening to the Woolworths Group Ltd (ASX: WOW) share price today, for example. But Morgans reckons Wesfarmers has “one of the highest quality retail portfolios in Australia” and a “highly regarded management team.”

As such, the broker thinks the company will be able to navigate the current challenging environment. In addition, Morgans is also expecting a final and fully franked dividend of 85 cents per share tomorrow.

If that is indeed announced, it would bring the company’s full-year dividend to $1.65 per share. Morgans is also pencilling in even better full-year dividends of $1.81 per share for FY23.

So given these bullish predictions, perhaps it’s no surprise investors are confident that tomorrow will be a good day for the company and its shareholders. But we shall have to wait and see what the company comes up with.

At the current Wesfarmers share price, this ASX 200 blue-chip share has a market capitalisation of $43.7 billion, with a dividend yield of 2.61%.

The post Wesfarmers share price edges higher ahead of Thursday’s results appeared first on The Motley Fool Australia.

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More reading

• Here’s what happened to the Wesfarmers share price last time the company reported
• Earnings preview: Here are 3 ASX 200 shares reporting this week
• Is the Wesfarmers share price in the buy zone ahead of next week’s earnings result?
• Why is the Wesfarmers share price smashing the ASX 200 today?
• Did you know you’re investing in lithium when you buy Wesfarmers shares?

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 positions in and has recommended Wesfarmers 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 Pepper Money Ltd (ASX: PPM) share price is gaining another 10% to $1.67 in Thursday trading. It comes the day after the non-bank lender reported first-half full-year pro-forma net profits after tax up 11% to $73.1 million.

The company declared an interim fully franked dividend of 5.4 cents per share. When added to the final fully franked dividend of 9 cents per share, Pepper Money’s trailing 12-month total dividends are 14.4 cents per share.

The Pepper Money interim dividend will be paid to eligible shareholders on 14 October 2022. Pepper Money shares go ex-dividend on 14 September 2022. 

Based on the Pepper Money share price today, the stock trades on a trailing fully franked dividend yield of 8.8%. The company anticipates future dividend payments will be weighted equally between interim and final, reflecting the seasonality in the business.

Looking ahead, Pepper Money notes that since the Reserve Bank of Australia commenced interest rate rises in May 2022, the industry has experienced a decline in mortgage applications. The company says it is “well positioned to navigate the current challenging market conditions”.

Over the past 12 months, Pepper Money shares have lost 38%, compared to a fall of 6% in the S&P/ASX 200 Index (ASX: XJO). By contrast, fellow financial services company Money3 Corporation Limited (ASX: MNY) shares have slumped 33% in the last year.

The post Pepper Money shares continue to soar; trades on annualised 8.8% fully franked dividend yield appeared first on The Motley Fool Australia.

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More reading

• Nine Entertainment hikes full-year dividend by 33% as profits surge higher
• Domino’s share price sinks 7%, giving back most of Wednesday’s gains
• What’s going on with the Qantas dividend in 2022?
• Flight Centre shares fall back to earth after $378 million loss
• Guess which ASX 200 share just upped its dividend by 108%

Motley Fool contributor Bruce Jackson 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 Paladin Energy Ltd (ASX: PDN) share price is sizzling today, up 13.2%.

Paladin shares closed yesterday at 74 cents and are currently trading for 83 cents.

And it’s not just the Paladin share price rocketing higher. Most every ASX uranium share is smashing the benchmark today.

So, what’s going on?

What’s grabbing ASX investor attention today?

Japan’s prime minister Fumio Kishida announced yesterday that his nation will explore the development of next-generation nuclear power plants, with plans to reopen a number of closed plants by next northern summer.

And those plans look to be driving the Paladin share price skywards today.

As reported by Bloomberg, Japan’s government hopes to restart seven more nuclear reactors atop the 10 currently online. Japan has 33 potentially operational plants at the moment.

“Nuclear power and renewables are essential to proceed with a green transformation. Russia’s invasion changed the global energy situation,” Kishida said.

Japan heavily depends on gas, oil, and coal imports for its energy needs. And its nuclear generation was gutted following the tsunami that led to the Fukushima nuclear power plant disaster in March 2011.

Japan’s 10 nuclear plants that are currently online provided roughly 7% of the nation’s electricity needs in 2021. But the government appears determined to ramp that figure up.

And it’s not just Japan that may be adding to their nuclear capacity, driving demand for uranium and providing tailwinds for the Paladin share price.

According to the International Energy Agency (IEA), global nuclear capacity will need to double by 2050 to meet the IEA’s net zero scenario.

The IEA states:

Long-term operation of the existing nuclear fleet and a near-doubling of the annual rate of capacity additions are required.

While some of this additional nuclear capacity will not come online until the late 2030s, policy decisions are required now to put nuclear back on track.

Japan looks to be making those policy decisions this week.

Paladin Energy share price snapshot

Although it’s slipped 12% in 2022, the Paladin Energy share price remains up a healthy 70% over the past 12 months. By comparison, the All Ordinaries Index (ASX: XAO) is down 7% over the full year.

The post Why is the Paladin Energy share price rocketing 13% today? appeared first on The Motley Fool Australia.

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More reading

• Why are ASX uranium shares going gangbusters on Thursday?
• Here are the top 10 ASX 200 shares today
• Up 26% in a month, is the Paladin Energy share price on the comeback trail?
• The ASX shares with 30% to 50% upside: fundie
• Why did the Paladin Energy share price rocket 28% in July?

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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The S&P/ASX 200 Index (ASX: XJO) is having a strong day on Thursday. In afternoon trade, the benchmark index is up 0.7% to 7,046.9 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are sinking:

City Chic Collective Ltd (ASX: CCX)

The City Chic share price has crashed 25% to $1.85. This morning City Chic released its full year results and revealed a 39% increase in revenue to $369.2 million and a modest increase in net profit after tax to $22.3 million. However, taking investors by surprise was the almost tripling of its inventory position and its negative cash flow.

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price is down 5% to $16.47. Investors have been selling this travel agent’s shares following the release of its full year results. Flight Centre reported a 154% increase in revenue to $1 billion and an underlying loss after tax of $272.6 million. While this was in line with expectations, its performance in the Americas appears to have spooked investors. Goldman Sachs described its performance in the region as a “disappointment.”

Perpetual Limited (ASX: PPT)

The Perpetual share price is down 8% to $27.91. Investors have been selling this fund manager’s shares after it announced a new takeover approach for rival Pendal Group Ltd (ASX: PDL). Perpetual has offered one share and $1.976 for every 7.5 Pendal shares owned. This equates to an offer of $6.54 per share. Some investors appear to believe the company is overpaying.

Woolworths Group Ltd (ASX: WOW)

The Woolworths share price is down 4% to $35.99. This follows the release of the retail giant’s full year results for FY 2022. Woolworths reported a 9.2% increase in sales to $60,849 million and a modest 0.7% lift in net profit after tax to $1,514 million. This was largely in line with consensus estimates. A soft start to FY 2023 could be weighing on its shares.

The post Why City Chic, Flight Centre, Perpetual, and Woolworths shares are sinking appeared first on The Motley Fool Australia.

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More reading

• Everything you need to know about the latest Woolworths dividend
• Corporate Travel has resumed paying them, so when can we expect Flight Centre dividends?
• Woolworths share price wilts today amid ‘volatile and challenging’ outlook
• Flight Centre shares fall back to earth after $378 million loss
• Pendal share price soars 15% on takeover news

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 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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The Nine Entertainment Co Holdings Ltd (ASX: NEC) share price is up 9% to $2.18 in Thursday trading after the media company reported full-year revenue up 15% to $2.69 billion and net profits after tax up 35% to $373.5 million.

The company declared a fully franked final dividend of 7 cents per share, taking total FY22 dividends to 14 cents per share, an increase of 33% compared to FY21.

The Nine Entertainment final dividend will be paid to eligible shareholders on 20 October 2022. Nine Entertainment shares go ex-dividend on 9 September 2022. 

Based on the Nine Entertainment share price today, the stock trades at more than 10.6 times earnings and on a fully franked dividend yield of 6.4%.

Looking ahead, Nine Entertainment said: “The new year has started on a positive note in terms of audiences, across all platforms, and while broader economic conditions have become more uncertain, the advertising market to date, has remained resilient.”

Over the past 12 months, Nine Entertainment shares have lost 19%, compared to a fall of 6% in the S&P/ASX 200 Index (ASX: XJO). By contrast, fellow media company Seven West Media Ltd (ASX: SWM) shares have gained 5% in the last year.

The post Nine Entertainment hikes full-year dividend by 33% as profits surge higher appeared first on The Motley Fool Australia.

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More reading

• Domino’s share price sinks 7%, giving back most of Wednesday’s gains
• What’s going on with the Qantas dividend in 2022?
• Flight Centre shares fall back to earth after $378 million loss
• Guess which ASX 200 share just upped its dividend by 108%
• Nine Entertainment share price takes off after 71% profit boost and ‘record’ dividend

Motley Fool contributor Bruce Jackson 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on form again and charging higher. At the time of writing, the benchmark index is up 0.8% to 7,051.7 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are racing higher:

Deep Yellow Limited (ASX: DYL)

The Deep Yellow share price is up a further 13% to 86.5 cents. This uranium explorer’s shares have been on fire this week. This appears to have been driven by reports that Japan is considering building new nuclear plants to stabilise its energy supply. This would likely be a big boost to demand for uranium.

IDP Education Ltd (ASX: IEL)

The IDP Education share price is up 6% to $28.50. This follows the release of a strong full year result from the language testing and student placement company. IDP reported a 50% increase in revenue to $793 million and a 159% jump in net profit after tax to $102.6 million. This was driven by record IELTS testing volumes and record student placements.

Pendal Group Ltd (ASX: PDL)

The Pendal share price is up 8% to $5.27. Investors have been scrambling to buy this fund manager’s shares after it received another takeover approach from rival Perpetual Limited (ASX: PPT). The latter has offered one Perpetual share for every 7.5 Pendal shares owned and $1.976 per share. This equated to an offer of $6.54 per share at the time. Though, the Perpetual share price has sunk on the news, lowering the value of the offer.

Qantas Airways Limited (ASX: QAN)

The Qantas share price is up 6% to $4.81. Investors have been buying this airline operator’s shares following the release of its full year results for FY 2022. Although, as expected, the company reported a significant loss, it surprised the market with a $400 million share buyback.

The post Why Deep Yellow, IDP, Pendal, and Qantas shares are soaring today appeared first on The Motley Fool Australia.

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More reading

• Why are ASX uranium shares going gangbusters on Thursday?
• What’s going on with the Qantas dividend in 2022?
• Pendal share price soars 15% on takeover news
• IDP Education share price leaps 11% as revenue surges in FY22
• The Qantas share price just flew 8% higher on $400 million share buyback

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 positions in and has recommended Idp Education Pty Ltd. 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) is having another fabulous day on the ASX boards this Thursday so far.

At the time of writing, the ASX 200 is up a healthy 0.79% at just over 7,050 points. But the same can’t be said of the Domino’s Pizza Enterprises Ltd (ASX: DMP) share price.

Domino’s shares are having a clanger today. The pizza company was down a nasty 7.67% at $66.63 a share in early afternoon trade. This might surprise investors, given Domino’s shares rocketed by a similar amount (7.57%) yesterday upon the release of the company’s full-year earnings for FY2022.

As we covered yesterday, Domino’s reported a 4.6% rise in global sales to $3.92 billion. Revenues were also up by 4.1% at $2.29 billion. But that wasn’t enough to stop Domino’s from reporting a 10.5% decline in underlying earnings before interest and tax (EBIT) to $262.9 million.

Underlying net profit after tax (NPAT) also slumped by 12.5% to $165 million. While underlying earnings per share (EPS) fell by 12.6% to 190.6 cents per share.

The pizza slinger announced a final dividend of 68.1 cents per share. That will come partially franked at 70%. That left its full-year dividend for FY22 at $1.565 per share, a 9.8% drop on last financial year’s dividend total.

Why are Domino’s shares giving back yesterday’s gains?

So perhaps investors thought these numbers would be even worse yesterday, given the size of the gains that Domino’s enjoyed by the end of the trading session. But it seems that investors have gotten a major case of ‘cold feet’ today.

There are no other news or announcements out of Domino’s, so this seems to be the most likely explanation as to why the company’s shares are falling so dramatically this Thursday.

At the current Domino’s Pizza share price, this ASX 200 share has a market capitalisation of $5.78 billion, with a dividend yield of 2.6%.

The post Domino’s share price sinks 7%, giving back most of Wednesday’s gains appeared first on The Motley Fool Australia.

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More reading

• What’s going on with the Qantas dividend in 2022?
• Flight Centre shares fall back to earth after $378 million loss
• Guess which ASX 200 share just upped its dividend by 108%
• Perpetual share price tumbles on full-year earnings and takeover news
• South32 share price gains ground on record FY22 earnings and special dividend

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 Dominos Pizza Enterprises 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 Santos Ltd (ASX: STO) share price is up 2.7% to $7.93 in afternoon trading on Thursday.

It has gained 13.45% over the past month of trade, including a significant surge from 18 August.

As oil markets continue to cool down, investors have been shy about rewarding resource players such as Santos. However, natural gas futures remain buoyant.

Brent Crude oil now trades up 2.3% over the month. European and United Kingdom gas contracts are up 65% and 71% respectively.

Returns for Santos investors over the past 12 months are seen on the chart below.

Are Santos shares still worth buying?

Santos recently delivered an impressive set of results that saw free cash flow expand alongside net profit after tax (NPAT).

However, the market overlooked this with impatience growing on the oil and gas giant’s pace of promised asset sell-downs.

Yet, Santos also trades at a relative discount to peers in the GICS Oil, Gas & Consumable Fuels sector.

For instance, Santos trades on a trailing price-to-earnings (P/E) ratio of 10.8x. It also trades at 1.3x the book value of its equity (price-to-book (P/B) ratio).

Looking at the largest 25 names in the sector, both of these multiples are below the sector median. The median scores are 21x trailing P/E and 2.8x P/B respectively, according to Refinitiv Eikon data.

As such, it could be argued that the Santos share price is still relatively cheap compared to its peers based on these two ratios. The question is, whether this discount is justified, or if the company is undervalued.

What else is there to consider?

Looking ahead, the market has given us some additional colour.

It has Santos priced at a forward P/E (next 12 months) of 13.7x, well ahead of the sector’s 2x forward P/E.

This means that looking ahead, investors are expecting an above-sector result from Santos in terms of earnings and/or share price.

Aside from that, other measures of corporate value for Santos are arguably promising as well. The oil and gas giant did generate more than $1 billion in free cash flow (FCF) net of dividends in the six months to June 2022.

That’s nearly double the $565 million in semi-annual FCF recorded back in December. It’s also miles ahead of the $325 million in FCF recorded by June 2021.

Santos also generated a return on invested capital (ROIC) of 9% at its last earnings. It also booked a return on equity (ROE) of nearly 14%. Again, both of these are above the sector median.

These certainly aren’t weak numbers, hence, the company definitely isn’t lagging fundamentally. The case can therefore be made for Santos based on relative valuation.

What do the experts think of the Santos share price?

Analysts covering Santos like the share price, too. At the moment, 16 out of 16 have it rated as a buy, according to Refinitiv.

This comes after UBS, Credit Suisse, and Barclay Pearce Capital each reiterated their buy ratings in late August.

The consensus price target from all brokers is $9.51 per share. This suggests there could be more upside yet to be priced in should the group be correct.

Therefore, it appears the market is looking for more than just free cash flow and profitability in Santos, and analyst sentiment is still bullish.

The Santos share price is up 20% this year to date and 29% in the past 12 months of trade.

The post Up 13% in a month, is the Santos share price still attractive? appeared first on The Motley Fool Australia.

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More reading

• Earnings highs and lows, and energy policy in focus. Scott Phillips on Nine’s Late News
• 5 things to watch on the ASX 200 on Thursday
• 5 things to watch on the ASX 200 on Wednesday
• Is the Santos share price a buy following the company’s monster profit?
• 5 things to watch on the ASX 200 on Tuesday

Motley Fool contributor Zach Bristow 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 Woolworths Group Ltd (ASX: WOW) share price is backtracking today following the release of the company’s full-year results.

The retail conglomerate reported a resilient financial performance despite an extremely challenging operating environment.

Nonetheless, the group achieved a 9.2% increase on total sales to $60,849 million. This was driven by an improved trading momentum in the second half as the business recovered from supply chain disruption and product availability challenges.

On the bottom line, Woolworths delivered a 0.7% increase in net profit after tax (NPAT) to $1,514 million.

This led the board to declare a fully franked final dividend of 53 cents per share.

While this is a very brief summary of the results, read below if you’d like to know more regarding the latest dividend.

Woolworths share price dips following dividend cut 

A catalyst for the Woolworths share price sinking 3.85% to $35.96 on Thursday could be the board’s decision to slash its final dividend.

For the second half of FY2021, the company paid out a final dividend of 55 cents per share. 

However, the FY2022 final dividend represents a cut of 3.6% over the prior corresponding period.

This brings the total dividends declared for the 2022 financial year to 92 cents per share.

The ex-dividend date for the final dividend is on 31 August 2022, meaning you have until next Tuesday to buy Woolworths shares.

If you manage to add them to your holding in time, you’ll receive a dividend payment on 27 September.

In addition, you may wish to opt-in to the company’s dividend reinvestment plan (DRP).

The last date to participate in the DRP is on Friday 2 September.

There’s no DRP discount, and the reinvestment price will be decided upon the volume weighted average price (VWAP) between 5 September to 9 September.

The shares will be also issued on 27 September.

Based on today’s price, Woolworths commands a market capitalisation of $45.40 billion and has a dividend yield of 2.48%.

The post Everything you need to know about the latest Woolworths dividend appeared first on The Motley Fool Australia.

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More reading

• Woolworths share price wilts today amid ‘volatile and challenging’ outlook
• Woolworths share price on watch as sales leap 9% to $61 billion
• 5 things to watch on the ASX 200 on Thursday
• Earnings preview: Here are the ASX shares reporting today
• Looking to buy Woolworths shares? Here’s what to watch in this week’s earnings results

Motley Fool contributor Aaron Teboneras 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 Flight Centre Travel Group Ltd (ASX: FLT) share price is sliding on the back of the company’s full-year earnings today, and there’s still been no word on dividends from the travel share.

Indeed, the last time the market heard dividend-related news from the S&P/ASX 200 Index (ASX: XJO) travel giant was more than two years ago.

But its ASX 200 travel peer Corporate Travel Management Ltd (ASX: CTD) is back on the beat, offering investors a 5-cent unfranked dividend for financial year 2022 (FY22) earlier this month.

So, when might those invested in Flight Centre shares next see a dividend? Let’s take a look.

Right now, Flight Centre shares are swapping hands for $16.46 apiece, marking a 5% tumble.

When will Flight Centre shares pay a dividend?

As the COVID-19 pandemic took hold of the globe in March 2020, Flight Centre offered investors a 40-cent dividend. Who would have guessed that would be the last pay-out shareholders would receive from the company for years to come?

Of course, there’s a simple reason as to why the ASX 200 travel agency hasn’t been paying out a portion of its profits in the form of dividends in that time. It’s because it hasn’t turned a profit.

Well, that’s not entirely true. Flight Centre announced this morning that it returned to the green in the second half, recording a $35 million underlying profit for the final quarter of FY22.

That helped buoy its full-year results, in which the company posted an underlying after-tax loss of $272.6 million. While it can be argued that no loss is a good loss, today’s result marks a significant year-on-year improvement. It recorded a $364 million underlying loss for FY21.

Meanwhile, Corporate Travel posted a $17.5 million underlying after-tax profit for FY22. That allowed the company to pay out a portion of such profits in the form of dividends.

While Flight Centre isn’t quite there yet, the start of FY23 has brought even brighter skies for the ASX 200 travel share. Though, it hasn’t offered earnings guidance.

Here’s hoping its upwards trajectory will continue and Flight Centre shareholders can recognise a dividend sometime in the near future.

The post Corporate Travel has resumed paying them, so when can we expect Flight Centre dividends? appeared first on The Motley Fool Australia.

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More reading

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• Flight Centre share price in focus as full-year revenue surpasses $1 billion
• 5 things to watch on the ASX 200 on Thursday
• Is the Flight Centre share price a buy ahead of Thursday’s FY 2022 earnings report?
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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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Corporate Travel Management Limited and 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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