Category: Stock Market

The Adriatic Metals Plc (ASX: ADT) share price has finished Tuesday’s session in the green and closed the day 3.5% higher at $3.31.

That caps off an impressive gain for the precious and base metals explorer, whose share price has climbed 11% in the last month.

Adriatic Metals has scored these gains despite there being no market sensitive information for the company.

So let’s dive in and take a look at what’s fuelling the price action.

Why is the Adriatic Metals share price gaining ground lately?

Adriatic Metals is a producer of precious and base metals such as zinc, lead and silver. It has keen interests in several projects dotted across Bosnia and Serbia involved in each metal.

In the absence of any remarkable news that may directly impact its share price, we have to look to the underlying commodity markets to help understand what’s driving the Adriatic share price lately.

That’s because Adriatic Metals is in a fairly secular position, in that like its peers, it is an ASX resource share that produces commodities. As such, its share price will fluctuate as the price of its underlying commodities fluctuates.

Two of the base metals the company has exposure to – zinc and lead – have had price spikes in the last few weeks.

For instance, the price of zinc has crept up from a previous low of US$3,013/Tonne on 6 October to reach a high of US$3,222/tonne yesterday. That’s a 3-year high for the metal.

Lead has also crept up 7.5% in the last few weeks to trade at US$2,279/tonne, reversing a downward trend that had been in situ since mid-August.

With this in mind, it appears that bullish investors may have grabbed ahold of Adriatic Metals shares on the back of the recent momentum in the broader commodities markets.

And it also appears the strengths are carried through the broader sector, with the S&P/ASX 300 Metals and Mining Index (XMM) gaining almost 4% in the past week as well.

Hence, Adriatic shares could be riding the wave of a stronger underlying commodities market and buying strengths across the broader ASX metals sector.

Adriatic Metals share price snapshot

The Adriatic Metals share price has climbed 42% this year to date and has extended its gains over the last 12 months to 47%.

Each of these returns has outpaced the S&P/ASX 200 index (ASX: XJO)’s return of around 25% in the last year.

The post Why has the Adriatic Metals (ASX:ADT) share price leapt 11% in a month? appeared first on The Motley Fool Australia.

More reading

• 2 ASX shares set to double in the next year

The author Zach Bristow has no positions 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 Bruce Jackson.

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The Brainchip Holdings Ltd (ASX: BRN) share price has had an awful month’s trade on the ASX despite no news having been released by the company.

In fact, the last time the artificial intelligence company updated the market with price-sensitive news was way back in August when it released its earnings for the first half of 2021.

As of Tuesday’s close, the Brainchip share price is 39 cents, 2.5% lower than Monday’s close.

This time last month, Brainchip’s shares were swapping hands for 48 cents apiece. That means the Brainchip share price has dropped a whopping 19.79% over the last 30 days.

For context, the S&P/ASX 200 Index (ASX: XJO) has fallen 1.9% in this time.

Meanwhile, the S&P/ASX Information Technology Index (ASX: XIJ) has dropped 6% over the last 30 days while the S&P/ASX All Technology Index (ASX: XTX) is down 5.6%.

So, what’s been weighing on the global AI company‘s stock lately? Let’s take a look.

Could this be why Brainchip has struggled lately?

The Brainchip share price’s recent slide might have something to do with its founder and CEO Peter van der Made.

On 10 September, the company announced van der Made was in the process of offloading 8,993,315 Brainchip shares. At the time, my Foolish colleague reported the holding was valued at around $4.3 million.

However, the shares were only earmarked the be sold on 10 September. They would actually swap hands 15 trading days later for the volume average weighted price exhibited through the 15-session period.

Thus, on 5 October, the shares left van der Made’s portfolio with the buyer paying $3,659,584.

The Brainchip share price fell 2.5% on the day the swap was completed. However, it fell a similar amount during both the previous session and following session.

Since then, Brainchip’s stock has gained another 2.6%.

Whether or not the boss’ extended trade was weighing on the AI company’s stock is impossible to say.

Though, it’s worth noting van der Made still owns more than 160 million Brainchip shares.

Brainchip share price snapshot

The last month has plunged the Brainchip share price into the longer-term red on the ASX.

Right now, the company’s shares are trading for 9% less than they were at the start of 2021. However, they’re currently valued 6% higher than they were this time last year.

The post Why has the Brainchip (ASX: BRN) share price tanked 20% in a month? appeared first on The Motley Fool Australia.

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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 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 Bruce Jackson.

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The Rumble Resources Ltd (ASX: RTR) share price has powered through the session to finished the day 5.21% higher at 50.5 cents.

Rumble shares have been on a bumpy ride lately, having come off previous highs of 54 cents in September. However, they’ve gained 12% in the past week.

Let’s take a look at what’s fuelling this recent price action.

Why is the Rumble Resources share price gaining lately?

The Rumble Resources share price has been gaining ground this past week despite there being no market sensitive information for the company.

However, in the weeks prior to this, Rumble released an update on its Lamil gold-copper project.

The Lamil project is a joint venture with AIC Mines Ltd (ASX: A1M), located in the Paterson Province in Western Australia.

Rumble described the Paterson region as one of the most highly endowed and underexplored mineral provinces in Australia. It already hosts the Telfer copper-gold and Nifty copper mines.

So it stands to reason Rumble is hopeful it will benefit from the same fortunes these two projects have delivered to date.

With this in mind, it appears bullish investors have got ahold of Rumble’s shares after the price of 2 key metals – gold and copper – regained some field position in the past few weeks.

Gold has spiked US$32/t.oz since September 30 while copper now fetches US$4.30/lbs – a 7.5% gain in that time.

Plus the S&P/ASX All Ordinaries Gold Index (XGD) has climbed 5% in the last week. At the same time, the S&P/ASX 300 Metals & Mining (XMM) has clicked up as well, indicating strengths across the broad sector.

Rumble’s position as an ASX resource share that produces a commodity means its share price fluctuates with volatility in the commodity markets.

It makes sense then as to what might be driving investors to bid up the price of Rumble Resource shares, given the strengths in its underlying markets.

Rumble Resources share price snapshot

The Rumble Resources share price has soared over 339% this year to date, extending its gains to 197% in the last 12 months.

These returns are well ahead of the S&P/ASX 200 Index (ASX: XJO)’s return of about 20% in the last year.

The post Why has the Rumble Resources (ASX:RTR) share price leapt 12% in a week? appeared first on The Motley Fool Australia.

More reading

• Why is the Rumble Resources (ASX:RTR) share price leaping 11% today?

The author Zach Bristow has no positions 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 Bruce Jackson.

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The BPM Minerals Ltd (ASX: BPM) share price ended Tuesday’s trading session firmly in the green. This comes after the Perth-based gold, nickel and base-metal explorer provided an update on its exploration activities.

At the closing bell, BPM Minerals finished 7.40% higher to 29 cents apiece.

What did BPM Minerals announce?

In a statement to the ASX, BPM Minerals provided an update for its Western Australia projects.

The company advised that the Rhodes and Ivan Well lead-zinc-silver projects in Earaheedy Basin have now been granted. The site is an emerging base-metal precinct that has been largely untested for deposits.

BPM Minerals stated that external aeromagnetic-photographic interpretations have been completed at both projects. As such, the results show 21 and 13 Litho-Structural lead (Pb), zinc (Zn) and silver (Ag) exploration targets respectively.

Soil and stream sediment geochemical programs have been scheduled for Rhodes and Ivan Well to be completed in November. This is expected to assist with drill targeting and mapping of anomalous structures that may lead to mineralisation.

In addition, the Hawkins Project is slated for a grant in mid-November, with Native Title agreements now well advanced. The Hawkins area is considered to cover a significant strike length of the prospective Frere-Yelma Formation unconformity.

The company noted that ground gravity programs are planned to begin at Hawkins in mid-November. The geological survey is designed to identify areas of accumulations of massive sulphides.

Utilising a combination of airborne magnetics, gravity and passive seismic tools is expected to lead to Pb-Zn-Ag mineralisation. Should this occur, the BPM Minerals share price could potentially shoot higher in future. Investors have already expressed their positive assessment, sending the company’s shares higher today.

BPM Minerals share price summary

Since listing on the ASX in December 2020, it has been a relatively positive year for BPM Minerals, up 20%. The company’s share price accelerated to an all-time high of 59.5 cents in May, before sharply pulling back. 

On valuation grounds, BPM Minerals commands a market capitalisation of roughly $10.8 million, with approximately 37.5 million shares on issue.

The post BPM Minerals (ASX:BPM) share price leaps 7% on exploration update appeared first on The Motley Fool Australia.

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• Regional Express (ASX: REX) share price slumps amid new regional competition
• What’s with the Revasum (ASX:RVS) share price, up over 100% in a week?
• Here are the top 10 ASX shares today
• Why the South32 (ASX:S32) share price reached a 2-year high today
• Is the Super Retail (ASX:SUL) dividend yield really 11%?

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 Bruce Jackson.

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The Regional Express Holdings Ltd (ASX: REX) share price descended today amid reports new competition for the regional airline will soon be taking off.

There’s a new kid ready to move onto Australia’s budget airline block and its name is Bonza. Bonza is expecting to launch early next year and will be focusing on routes that sound very similar to REX’s offerings.

As of Tuesday’s close, the REX share price was $1.58, 2.17% lower than its previous close.

That’s a slightly worse performance than the broader market’s today. The S&P/ASX 200 Index (ASX: XJO) dropped around 0.2% on Tuesday. Meanwhile, the All Ordinaries Index (ASX: XAO) fell 0.3%.

However, REX’s dip was in line with that of its peers. The Qantas Airways Limited (ASX: QAN) share price fell 1% while Flight Centre Travel Group Ltd (ASX: FLT) and Webjet Limited (ASX: WEB) dropped 1.3% and 2.4% respectively.

Let’s take a closer look at the regional airline’s potential new competition.

REX might soon face new competition

The REX share price plunged lower today amid news Australia is set to get a new domestic airline.

Bonza is set to be Australia’s second budget airline after Qantas’ Jetstar. Though, its launch is still subject to regulatory approvals.

Like REX, the airline won’t be offering any international flights. Although, exactly where it will be flying remains a mystery. Bonza is currently in talks with airports around the country to finalise its offered routes.

And, according to reporting in Executive Traveller, the airline will be avoiding the country’s most popular flight paths.

Unlike most airlines, routes between Melbourne, Sydney, and Brisbane won’t be a focus of the airline. Instead, Bonza will reportedly be encroaching on REX’s turf, offering flights to “regional leisure destinations”.

Additionally, the publication states Bonza will be scrapping the luxuries of travel to focus on travellers seeking domestic holidays rather than the business travel market.

Bonza customers won’t have access to airport lounges, reward systems, or business class.

The new airline’s customers will be flying on Boeing 737-8 jets that can each seat 186 passengers. That’s 10 more seats than on REX’s largest plane.

REX share price snapshot

It’s hard to say whether news of Bonza’s planned launch affected the REX share price today. It’s been struggling on the ASX lately.

REX’s stock has fallen 24% since the start of 2021. However, it’s trading for 13% more than it was this time last year.

The post Regional Express (ASX: REX) share price slumps amid new regional competition appeared first on The Motley Fool Australia.

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• Why is the Regional Express (ASX:REX) share price sliding 3% today?
• The Regional Express (ASX:REX) share price is booming 8%. Here’s why
• Why has the REX (ASX:REX) share price gained 6% so far this week?
• Regional Express (ASX:REX) share price takes flight despite extended stand-downs

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 owns shares of and has recommended Webjet Ltd. 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 Bruce Jackson.

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The Revasum Inc (ASX: RVS) share price was on fire today until giving back its gains and more.

At one stage, the semiconductor company’s shares were up as much as 20% to a 52-week high of 87.5 cents. When the Revasum share price reached that level, it meant it had gained a remarkable 109% in the space of a week.

The company’s shares ultimately ended the day almost 8% lower at 67 cents after it responded to an ASX Price and Volume Query.

What’s happening with the Revasum share price?

Judging by the rollercoaster ride that the Revasum share price was on today, it appears as though investors were speculating on some big news being announced.

However, in response to its ASX Price and Volume Query, the company said it was not aware of any information that has not been announced to the market which could explain the recent trading in its shares.

Management suggested the gains may have been caused by recent media coverage featuring an interview with its new CEO, Rebecca Shooter-Dodd.

Other than that, there hasn’t a major announcement out of the company in a month.

What was the last announcement?

That last market sensitive announcement was the release of an investor update in September.

That update provided investors with a breakdown on its performance in FY 2021 and its market opportunity.

In respect to the latter, management advised that the Silicon Carbide (SiC) market is growing rapidly and is expected to be worth US$2.56 billion by 2025. This compares to US$541 million in 2019 and is being driven largely by the electric vehicle industry.

Revasum designs and manufactures capital equipment for substrate conditioning and device manufacturing in the global semiconductor industry with a strategic focus on the SiC market. In light of this, investors appear to believe it is well-placed to benefit from this increasing demand.

Time will tell if that is the case.

The post What’s with the Revasum (ASX:RVS) share price, up over 100% in a week? appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
• Why the South32 (ASX:S32) share price reached a 2-year high today
• Is the Super Retail (ASX:SUL) dividend yield really 11%?
• Over $10b in IPOs are set to hit the ASX this quarter
• The Sunstone Metals (ASX:STM) share price is up 122% in a week. Here’s why

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 Bruce Jackson.

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Today, the S&P/ASX 200 Index (ASX: XJO) experienced weakness, moving to the downside. The benchmark index fell 0.43% lower to 7,268.2 points.

Dragging the index lower — energy, tech, and utilities sectors tumbled more than 1%. Meanwhile, the healthcare sector was the only one that managed to finish in the green on Tuesday. This was largely aided by a 2% gain in the CSL Limited (ASX: CSL) share price.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the ten stocks that rose to the occasion:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Zimplats Holdings Ltd (ASX: ZIM) was the biggest gainer today. Shares in the platinum miner added 6.06% as the price of the industrial metal climbs. Find out more about Zimplats Holdings here.

The next biggest gaining ASX share today was Sims Ltd (ASX: SGM). The metals recycling company gained 4.85% despite no announcements. Uncover the latest Sims details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Zimplats Holdings Ltd (ASX: ZIM)	$21.70	6.06%
Sims Ltd (ASX: SGM)	$13.62	4.85%
Alumina Ltd (ASX: AWC)	$2.25	4.65%
IDP Education Ltd (ASX: IEL)	$34.86	3.57%
Netwealth Group Ltd (ASX: NWL)	$14.10	3.15%
CSL Limited (ASX: CSL)	$293.79	2.19%
Bluescope Steel Ltd (ASX: BSL)	$21.265	2.14%
AMP Ltd (ASX: AMP)	$1.1275	2.04%
Mercury NZ Ltd (ASX: MCY)	$6.08	1.84%
Pro Medicus Ltd (ASX: PME)	$52.08	1.70%

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

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

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Motley Fool contributor Mitchell Lawler owns shares of Pro Medicus Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd., Idp Education Pty Ltd, Netwealth, and Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Netwealth and Pro Medicus Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The South32 Ltd (ASX: S32) share price has finished the day higher, up 0.27% to $3.66 at the closing bell.

Shares in the mining and metals company have started the week well, with investors clipping the ticket on a small gain since their close of $3.58 on Friday.

Today’s price level marks a 2-year high for the company, after its shares went on a one-way journey south from 2019-2020, well before the pandemic ensued.

Why the recent gain in the South32 share price? Let’s dive in and take a look.

What’s been happening at South32?

To exit the month of September, South32 advised it had increased its ownership stake in aluminium smelter Mozal Aluminium to 72.1%.

Mozal is located in Mozambique and is a split ownership between South32, Mitsubishi and the Mozambique government.

It has a production guidance of 273kt in FY22 and FY23 on South32’s former 47.1% stake, meaning the guidance could likely be adjusted with the company’s deepened investment.

The accretive transaction was done on an acquisition multiple of 3.6-times earnings before interest, taxes, depreciation and amortisation (EBITDA), and will be funded with cash the company has on hand, which was US$553 million as of August.

Specific details of the transaction are that it was on a purchase price of US$250 million, includes a joint profit-sharing agreement on the increased holding with partners Mitsubishi, and that adjustments for working capital and debt are to be made.

Aside from this progress, two of the key base substances South32 has exposure to – coal and aluminium – have both been fetching premiums lately.

Coal pricing has catapulted 338% higher in the last 12 months, and most recently spiked again at September’s end.

There it jumped by US$63.5/tonne in around 2 weeks, whereas the price of aluminium has been crawling higher over the past 12 months too.

Most recently it’s popped around 6% to trade at US$3,029/tonne, a shade below its all-time highs of 2008.

The South32 share price is sensitive to volatility in the commodity markets, as it is an ASX resource share that produces commodities.

So with the recent strengths observed in the company’s underlying markets, it begins to form the picture as to what’s fuelling the South32 share price lately.

South32 share price snapshot

The South32 share price has climbed 48% this year to date, delivering an outsized return at this level.

It’s also gained 67% in the last 12 months, and 7% in the last month.

Each of these returns have outpaced the S&P/ASX 200 index (ASX: XJO)’s return of about 20% in the past year.

The post Why the South32 (ASX:S32) share price reached a 2-year high today appeared first on The Motley Fool Australia.

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The author Zach Bristow has no positions 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 Bruce Jackson.

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The Super Retail Group Ltd (ASX: SUL) dividend was among the most generous on the S&P/ASX 200 Index (ASX: XJO) in FY 2021.

Thanks to its stellar sales growth and the doubling of its profits, for the 12 months ended 30 June, the retail conglomerate paid shareholders a total of 88 cents per share.

This comprises an interim 33 cents per share fully franked dividend and a fully franked final dividend of 55 cents per share.

Incredibly, this was up a whopping 351% year on year. Though, it is worth noting that due to COVID-19, Super Retail refrained from paying an interim dividend in FY 2020.

Based on the current Super Retail share price, this equates to an 11% dividend yield.

Is the Super Retail dividend yield still 11%?

Unfortunately, it looks unlikely that the Super Retail dividend will be as generous in FY 2022.

This is due to the tough start the company made to the new financial year and the potential headwinds it has been facing from lockdowns and travel restrictions.

In respect to the former, when the company released its full year results, it revealed that like for like sales were down 14% during the first seven weeks of FY 2022.

Management also warned that its “outlook remains uncertain given risk of intermittent lockdowns and travel restrictions due to COVID-19.”

In light of this, analysts are expecting its earnings and dividends to decline materially in FY 2022.

Though, that’s not to say that the Super Retail dividend won’t be attractive for income investors this year.

What is expected from Super Retail in FY 2022?

A recent note out of Credit Suisse reveals that it expects the Super Retail dividend to come in at 53 cents per share in FY 2022.

While this is a 40% reduction year on year, at the current Super Retail share price it still implies a fully franked yield of 4.2%.

In addition, the broker is forecasting earnings per share of 99 cents. If this proves accurate, it will mean the company’s shares are changing hands for a very respectable ~13x FY 2022 earnings.

It’s no wonder then that Credit Suisse has slapped an outperform rating and $14.41 price target on the company’s shares.

All in all, this suggests that there is a total return on offer of almost 18% over the next 12 months.

The post Is the Super Retail (ASX:SUL) dividend yield really 11%? appeared first on The Motley Fool Australia.

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• ASX 200 (ASX:XJO) midday update: Pilbara Minerals jumps, Whitehaven Coal sinks

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. owns shares of and has recommended Super Retail Group Limited. The Motley Fool Australia owns shares of and has recommended Super Retail Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The ASX IPO market is back and better than ever. With plans for seven $1 billion-plus IPOs to hit the ASX this quarter, it’s going to be a record-breaking period. In fact, this will be the busiest time for major floats on the ASX in history.

Based on the upcoming floats and listings provided by the Australia Stock Exchange, investors will have plenty of options to fill their portfolio stockings in the lead-up to this year’s Christmas.

With that being said, let’s take a moment to recap the ASX IPOs that are set to hit this quarter.

Going down in the history books

Due to the coronavirus, 2020 was the year of the word “unprecedented”, but it looks like 2021 will have its own unprecedented achievement.

The cheque books are being pulled out en masse as initial public offerings (IPO) to list on the ASX become highly popular in the backend of this year. So much so that the amount of money seeking to be raised among aspiring public companies is in excess of $10.2 billion.

After 18 months of monetary and fiscal injections, money is sloshing around the economy and companies are taking advantage of it.

Similarly, the merger and acquisition (M&A) market has swollen to face-melting levels this year. According to Dealogic, approximately $46.3 billion worth of Aussie listed and private M&A deals have been conducted in 2021. That represents an increase of 2.4 times the value of the prior year.

Meanwhile, the ASX has also been busy with a raft of newcomers hitting the boards. A situation likely exacerbated by investor demand for more opportunities during the low interest-rate environment.

As a result, Australian companies are not missing out on capitalising on an opportunity. After all, as they say, “Make hay while the sun shines”.

Here are the seven ASX IPOs valued at over $1 billion that is expected to hit the public market this quarter:

• Global boutique asset management firm GQG Partners, valued between $5.9 billion to $6.5 billion
• SME-focused bank Judo Bank, valued at $2.3 billion
• Hotel commerce platform provider SiteMinder, valued at more than $1 billion
• Global human services organisation APM, valued at more than $3 billion
• Essential services provider Ventia, valued at $2 billion to $2.5 billion
• Lottery operator SG Lottery, valued at approximately $8 billion
• Metals supplier and distributor Vulcan Steel, valued at $1.1 billion
• Transport company ComfortDelGro, valued at approximately $2 billion

Recent ASX IPOs

While the next few months look plentiful for IPOs, it might be worth recapping a few recent ASX IPOs. In September there were 22 new additions to the Australian share market.

A few notable debutants include Zoom2u Technologies Ltd (ASX: Z2U), Li-S Energy Ltd (ASX: LIS), and Touch Ventures Ltd (ASX: TVL). In fact, Li-S Energy is 163% above its IPO price of 85 cents, leaving investors with a smile.

Furthermore, the minerals prospector company, Minerals 260 Ltd (ASX: MI6) is the freshest addition to the ASX boards. Today, the Liontown Resources Limited (ASX: LTR) spin-off has surged 22% on its debut.

The post Over $10b in IPOs are set to hit the ASX this quarter appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler 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 Bruce Jackson.

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