Category: Stock Market

The listed investment company (LIC) Clime Capital Ltd (ASX: CAM) recently released its update for the period to June 2021. It has identified some ASX share opportunities. 

In the announcement, the LIC told investors about some the businesses that have done well for its portfolio and that it still sees a positive outlook for.

Clime looks for ASX shares across both large caps and small caps. Here are three that it referenced:

Mineral Resources Limited (ASX: MIN)

The Mineral Resources share price went up over 40% in the quarter ending 30 June 2021. Clime said it was supported by both an increase in iron ore prices and lithium prices.

It’s benefiting from the conditions for iron ore miners, both as an opportunity to provide mining services work as well as from iron ore mining in its own right.

Clime pointed out that a big challenge for Mineral Resources is that it needs to find workers to help its growth in both mining and mining service operations due to the border closures.

Even so, Clime has a “lot of confidence” in the management of the business and expects the labour shortage to be a short-term problem.

Goodman Group (ASX: GMG)

Goodman is another large cap ASX share. The Goodman share price increased around 18% over the quarter. It’s in the property space and released a “strong” operational update in May. Clime said that Goodman also benefited from a tightening of the 10-year bond yield.

The fund manager pointed out that the ASX share’s management affirmed guidance for 12% operating earnings per share (EPS) in FY21. There was also an upgrade of guidance of development work in progress (WIP) from $9 billion to $10 billion.

Clime said that the increased development activity will be supportive for earnings over the next two years and Clime believes that double digit profit growth for the company can continue.  

RPMGlobal Holdings Ltd (ASX: RUL)

This ASX share is a business that provides software to the mining industry. The RPMGlobal share price increased by around 30% in the three months to 30 June 2021 on the back of “solid” software sales momentum.

It added $19.9 million of total contract value (TCV) for subscription software sales for the quarter, bringing the total for FY21 to over $47.7 million.

Clime said that management have exceeded expectations in delivering on its strategy since 2018 to transition from a software license sales model to subscription software sales.

The ASX share’s annualised recurring revenue (ARR) from subscriptions increased 70% on FY20.

Clime believes the company is early in a long-term trend as miners increase IT adoption from current low levels. The fund manager estimated at the time of the update that RPMGlobal was priced at a “modest” seven times total FY22 software recurring revenue (subscriptions and maintenance fees), after adjusting for the net cash and consulting division valuation.

The post Why this fund likes these 3 top ASX shares appeared first on The Motley Fool Australia.

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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. owns shares of and has recommended RPMGlobal Holdings. The Motley Fool Australia has recommended RPMGlobal Holdings. 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 Boral Limited (ASX: BLD) share price has been largely flat this morning as it pushes through its last few days before Seven Group Holdings Ltd (ASX: SVW) takes control.

Seven Group’s takeover bid for Boral closes tomorrow night. It currently has 61.87% of the construction supplies company’s voting rights.

Right now, the Boral share price is $7.40, the same as it was at yesterday’s close. The $7.40 amount is also the price that Seven Group is paying for pieces of Boral.

Meanwhile, the Seven Group share price is down slightly. It’s currently $23.70, 0.17% lower.

But what does Seven Group want with Boral? Here’s a rundown of the rumours we’ve heard so far.

What Boral’s future might be

The Boral share price is flat amid reports it could be about to see a change to its upper management team.

According to The Australian, Seven Group CEO Ryan Stokes is planning to take over as chair of Boral’s board after the company officially wins control at 7pm on Thursday.

Additionally, the publication stated Richard Richards would be reinstated to Boral’s board. The Australian also speculated that a third Seven representative could be added to the board.  

Seven Group has declared it will retain a majority of independent directors on the Boral board.

Another publication claimed Seven Group didn’t actually want majority ownership of Boral. According to the Sydney Morning Herald, Boral was aiming for a maximum 40% hold in Boral.

That may check out, as Seven Group initially declared it would be happy to walk away from the takeover bid with a 30% holding in Boral.

The Sydney Morning Herald also claimed Boral’s CEO Zlatko Todorcevski could have had a target on their back.

However, days after the publication suggested Todorcevski’s future could be uncertain, both Todorcevski and Boral’s chief financial officer, Tino La Spina, were guaranteed job security. Removing them from their positions would be a costly exercise for Boral.

Boral share price snapshot

The Boral share price has had a good run this year.

It is currently 49% higher than at the start of 2021. It has also gained 89% over the last 12 months.

The company has a market capitalisation of around $8.1 billion, with approximately 1.1 billion shares outstanding.

The post Boral (ASX:BLD) share price struggles as Seven (ASX:SVW) waits to take over appeared first on The Motley Fool Australia.

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• Why the Boral (ASX:BLD) share price has gained 45% in 6 months
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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 Starpharma Holdings Limited (ASX: SPL) share price is deep in negative territory during early afternoon trade. This comes despite the healthcare company announcing an inclusion to its board.

At the time of writing, Starpharma shares are down 5.15% to $1.29.

Starpharma strengthens its board

A possible catalyst to the fall of Starpharma shares is the strong gains made the day before. It appears profit takers have swopped in after the company’s share price ended yesterday with a 7.94% increase.

In today’s statement, Starpharma announced that experienced finance executive, Lynda Cheng will join the board. The new addition will see Ms Cheng appointed as non-executive director from the beginning of next month.

Starpharma noted that Ms Cheng brings a wealth of knowledge, having served more than 25 years as a finance executive. This includes 15 years at recycling and cardboard box manufacturing giant, Visy Industries/Pratt Holdings, and 10 years in investment banking.

Currently, Ms Cheng is the director of Corporate Development and Mergers & Acquisitions at Visy Industries/Pratt Holdings. She has held various roles throughout her career there, with her most notable position as chief financial officer.

Furthermore, Ms Cheng is also a non-executive director at Export Finance Australia and a member of Wesley College Council.

Prior to this, Ms Cheng was a member of the Australian Government’s International Development Policy Expert Panel, as well as deputy chair and chair of the Finance, Audit and Risk Committee of South East Water.

Starpharma chair, Rob Thomas commented on Ms Cheng’s new title, saying:

We are delighted to welcome Lynda at an exciting time for the Company. Lynda brings broad commercial and international corporate expertise as well as an extensive professional network. She has deep experience in financial services, manufacturing, innovation, technology and new market entry.

The appointment of Ms Cheng will add further value to the Starpharma board. As such, Ms Cheng will join the Audit and Risk Committee upon her appointment.

Ms Cheng studied at the University of Melbourne and holds a Bachelor of Law (Honours) and Commerce degree majoring in actuarial studies and economics.

Starpharma share price review

Since hitting an all-time high of $2.52 in February 2021, Starpharma shares have moved on a downwards trajectory. Over the past 12 months, the company’s share price is up more than 10%, but down almost 20% year-to-date.

Starpharma commands a market capitalisation of roughly $517.7 million, with 406 million shares outstanding.

The post Starpharma (ASX:SPL) share price sinks 5% despite new board member appeared first on The Motley Fool Australia.

More reading

• Why the Starpharma (ASX:SPL) share price is racing 7% higher today

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. owns shares of and has recommended Starpharma Holdings Limited. The Motley Fool Australia has recommended Starpharma Holdings 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 Doctor Care Anywhere Group Plc (ASX: DOC) share price has slipped into the red in early trading on Wednesday. Today’s dip comes as the company released its quarterly results this morning.

Let’s examine Doctor Care’s results in a bit finer detail.

But first – a bit more on Doctor Care

Doctor Care has expertise in providing digital healthcare and telehealth services to patients.

It has a network of insurers, healthcare providers and corporate customers designed to connect with patients.

The company has a market capitalisation of $279 million at the time of writing.

Doctor Care’s quarterly results

The company recorded unaudited revenue of $8.9 million this quarter, a 78% year-on-year increase.

It also delivered 89,400 consultations across the quarter, a healthy expansion of 69% from the year prior.

Doctor Care’s “recruitment drive” also added 71 new GPs to its platform, with a further 100 in the pipeline.

As a result of these additions, the company hopes to provide “up to 45,000 appointment capacity” per month by the end of Q3.

Diagnostic referral volumes were also up 34% from the previous quarter and broad strengths were underlined by “continued demand as the UK economy unlocks”.

While people entitled to use the company’s services remained flat from the previous quarter at 2.4 million, its “activated lives” — or people signing up for the service — grew 12.7% quarter-on-quarter and 90% from the year prior.

Additional takeouts

With respect to guidance, Doctor Care reinstated its FY21 estimates of “revenue growth of at least 100% above FY 2020”.

For reference, Doctor Care recognised revenue of $11.6 million for the FY 2020 and made a loss of $31.3 million.

Commenting on the performance this quarter, Doctor Care CEO Dr Bayju Thakar stated:

Our outlook for 2021 remains positive following a robust performance in a quarter during which patient demand has continued to grow rapidly… Nevertheless, this has been a quarter of significant challenges as a result of the demand on GPs to deliver the national vaccination programme.

The company’s chair Jonathan Baines added:

The UK primary health care system will continue to remain under extreme pressure, contributing to significantly increased demand for our service as demonstrated by the growth in activated lives and record number of daily consultations this quarter. We remain confident in our guidance for year on year revenue growth of at least 100% above FY 2020.

However, investors seem to view the results unfavourably and are selling Doctor Care shares in droves this morning.

After earlier trading down ~11% on their opening price, Doctor Care shares are now changing hands for 80 cents, an 8.5% drop at the time of writing.

Doctor Care share price snapshot

The Doctor Care share price has posted a year to date loss of almost 34%, extending the previous 12 months’ loss of close to 15%.

These returns have lagged the S&P/ASX 200 Index (ASX: XJO)’s return of ~23% over the previous year.

The post Doctor Care (ASX:DOC) share price slides 11% after quarterly results 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. owns shares of and has recommended Doctor Care Anywhere Group PLC. The Motley Fool Australia has recommended Doctor Care Anywhere Group PLC. 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 Pinnacle Investment Management Group Limited (ASX: PNI) share price is flying right now. After hitting a new all-time high to start the week, shares in the Aussie investment group have slipped lower on Wednesday.

However, based on the current Pinnacle share price of $12.47, the company’s value has soared 72.24% higher in 2021 and now sits at a market cap of $2.4 billion. Let’s take a closer look.

Why is the Pinnacle share price flying?

It may surprise some investors that there haven’t been many market updates from Pinnacle in recent times. But that hasn’t stopped people from snapping up shares and propelling the company’s value higher.

One important announcement came on 6 July in the form of a market update. It’s worth noting that Pinnacle makes a fairly significant chunk of money from performance fees, as well as standard investment fees amongst other things. That means any signs of increased returns or portfolio growth could see the Pinnacle share price climb higher.

In the market update, Pinnacle said 7 affiliates have locked in performance fees of $86 million for FY2021. That means the investment group’s net share of these fees is approximately $19.5 million. The Pinnacle share price climbed higher on the news as investors eye the $2.2 million net return on principal investment for FY2021 announced at the time.

The key here is that when the share market and economy are doing well, Pinnacle tends to do quite well. Performance fees surged higher in the first half of this year thanks to the post-bear market recovery across global markets.

An injection of cash via record government stimulus at home and abroad has also seen strong asset price inflation. That has translated to significant funds under management growth for Pinnacle which is once again good for investment management fees, on top of boosted returns.

As a result, the Pinnacle share price has been on fire in FY2021. Investors will be watching closely when Pinnacle provides its full-year results update on 5 August 2021 for signs of what’s in store next year.

The post The Pinnacle (ASX: PNI) share price hit an all-time high this week appeared first on The Motley Fool Australia.

More reading

• The Pinnacle (ASX:PNI) share price has gone up around 170% over the last 12 months
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Motley Fool contributor Ken Hall 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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At lunch on Wednesday, the S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and is tumbling lower. The benchmark index is currently down 0.5% to 7,395.5 points.

Here’s what is happening on the ASX 200 on Wednesday:

Spark Infrastructure takeover update

The Spark Infrastructure Group (ASX: SKI) share price is charging higher today after the electricity distribution company received another takeover offer. The company revealed that the Ontario Teachers’ Pension Plan Board and KKR have increased their offer to $2.95 per share after two previous rejections. On this occasion, the Spark Board has granted due diligence. Though, it has warned that there is no certainty that this will result in a control transaction.

Virgin Money UK Q3 update

The Virgin Money UK CDI (ASX: VUK) share price is pushing higher today after investors responded positively to the UK bank’s third quarter update. Among the highlights, Virgin Money UK reported a 0.7% increase in mortgages to 58.7 billion pounds and a 2.5% lift in personal lending to 5.2 billion pounds. Also heading in the right direction was its net interest margin, which increased to 168bps.

Eagers Automotive reports profit surge

The Eagers Automotive Ltd (ASX: APE) share price is rising today after reporting a surge in its half year profits. According to the release, for the six months ended 30 June, Eagers Automotive expects to record an underlying operating profit before tax from continuing operations of approximately $218.6 million. This will be up 442% on the prior corresponding period, which was impacted by COVID-19.

Best and worst ASX 200 performers

The best performer on the ASX 200 today has been the Spark Infrastructure share price with a 5.5% gain. This follows the receipt of another takeover offer. The worst performer on the ASX 200 has been the Nickel Mines Ltd (ASX: NIC) share price with a 7% decline. This follows the release of the nickel producer’s quarterly update.

The post ASX 200 midday update: Spark takeover, Virgin Money update appeared first on The Motley Fool Australia.

More reading

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Tesoro Resources Ltd (ASX: TSO) share price is tumbling today, down 31% in late morning trade having earlier posted losses of 35%.

Below we take a look at the ASX gold share’s resource update that looks to be driving some of the selling action.

What resource update did Tesoro report?

The Tesoro Resources share price is falling hard after the company announced its maiden Mineral Resource Estimate (MRE) for the Ternera Deposit at its El Zorro Gold Project in Chile.

It reported a maiden MRE of 25.1 million tonnes at 0.8 grams per tonne for 660,000 ounces of gold. It used 0.3 grams per tonne of gold as a cut-off.

The highlights included 15.4Mt @ 1.09 g/t for 540,000 ounces, using a 0.5g/t Au cut-off. But that wasn’t enough to keep the Tesoro Resources share price from sliding today.

Commenting on the “significant, but incremental MRE” at the project, Tesoro’s managing director Zeff Reeves said:

We see this as just the start for El Zorro, we are committed to significantly increasing this Mineral Resource via our ongoing drilling programs with the deposit at Ternera open in all directions. We are also seeing significant potential for additional resources to be added over the coming months from other targets, particularly the adjoining Ternera East and Drone Hill targets, which is not included in the MRE.

Reeves added that a range of project studies are proceeding to help determine the company’s potential to develop a gold mine at El Zorro.

Tesoro has drilled 201 diamond drill holes at the project since starting work there in 2017. Its maiden MRE is derived from 148 of those holes totalling 46,937 metres.

The diamond drill exploration program will continue through 2021. The company has 6 drill rigs operating around the clock at El Zorro.

Tesoro Resources share price snapshot

The Tesoro Resources share price, currently at 11 cents, has been all over the map this past year, hitting a high of 50 cents per share on 15 October 2020. Over the past full year shares are down 18%, compared to a gain of 25% on the All Ordinaries Index (ASX: XAO).

Year-to-date the Tesoro Resources share price is down 64%.

The post Here’s why the Tesoro Resources (ASX:TSO) share price is tumbling 31% today appeared first on The Motley Fool Australia.

More reading

• Tesoro Resources (ASX:TSO) share price climbs on quarterly update

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 Temple & Webster Group Ltd (ASX: TPW) share price is giving back some of yesterday’s strong gains on Wednesday.

In morning trade, the online furniture and homewares retailer’s shares are down 3% to $12.08.

Despite this, the Temple & Webster share price is still up 48% over the last 12 months.

Why is the Temple & Webster share price dropping?

Today’s weakness in the Temple & Webster share price appears to have been driven by a combination of profit taking and the release a broker note out of Bell Potter.

In respect to the latter, this morning Bell Potter responded to the company’s FY 2021 results by maintaining their hold rating.

And while the broker has lifted its price target to $12.40, this was a touch short of where its shares were trading prior to today.

What did Bell Potter say?

Bell Potter described Temple & Webster’s full year results as “robust” and notes that it is comfortably cycling a tough prior corresponding period.

It commented: “FY21 sales of $326.3m (BPe $328.7m) was up 85% vs pcp. After achieving 3Q21 growth of 112%, TPW achieved growth of 26% in 4Q21 against a tough pcp (4Q20 growth of 130%). During 2H21 TPW flagged its intent to put the ‘foot down’ to drive revenue growth and expand its market leadership. We believe the early benefits of this is evident in TPW’s 4Q21 sales result, with positive momentum continuing in July (up 39% vs pcp), albeit we believe July has also been buoyed by recent lockdowns.”

However, the broker is holding firm with its hold rating on valuation grounds. It notes that the Temple & Webster share price trades at a significant premium to US peer Wayfair.

The broker explained: “While we recognise TPW’s opportunities remain significant and maintain a positive long-term view, on a 12-month investment horizon we retain our Hold based on valuation (TPW FY22/FY23 EV/sales of 3.4x/2.5x which is at a fair premium vs Wayfair of 1.8x/1.5x). We are also cautious on the near-term domestic macro outlook for discretionary retail.”

The post What this top broker thinks of the Temple & Webster (ASX:TPW) share price appeared first on The Motley Fool Australia.

More reading

• Why the Temple & Webster (ASX:TPW) share price could be a buy after the FY21 result
• Why the Temple & Webster (ASX:TPW) share price zoomed 15% higher
• ASX 200 rises, Temple & Webster surges, Japara soars
• Why BlueScope, Japara, OZ Minerals, & Temple & Webster are storming higher
• 2 top ASX growth shares reporting strong growth

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 Temple & Webster Group Ltd. The Motley Fool Australia has recommended Temple & Webster Group 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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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

What happened

Shares of Tesla (NASDAQ: TSLA) fell sharply on Tuesday, declining nearly 4% as of 11:40 a.m. EDT. The growth stock’s decline follows the electric-car maker’s second-quarter report, which was released after the bell on Monday.

Tesla shares are likely trading lower primarily because of a bearish day in the overall market. But an analyst’s note to investors about the stock’s frothy valuation may also be weighing on the stock.

So what

When Tesla reported its second-quarter results on Monday afternoon, shares initially rose several percentage points in after-hours trading. Optimism for the stock wasn’t surprising, as the company’s revenue and earnings easily beat analysts’ consensus forecasts for the two metrics.

Revenue nearly doubled year over year, reaching about $12 billion. This beat analysts’ consensus forecast for $11.3 billion. Non-GAAP (adjusted) earnings per share came in at $1.45, beating analysts’ average projection of $0.98.

But the market’s sharp pullback on Tuesday is likely weighing on shares. The S&P 500 is down nearly 1% at the time of this writing, and the Nasdaq Composite is down almost 2%.

Another reason for the stock’s decline on Tuesday could be an analyst’s decision to reiterate an underperform rating for the stock following Tesla’s earnings release. While Needham analyst Rajvindra Gill acknowledged improvements in the company’s cost structure, he also said that shares appear to be priced for perfection.

Now what

Despite the stock’s negative price action today, investors should be encouraged by Tesla’s record second quarter. Not only was the automaker’s financial performance impressive but management said global orders for its vehicles are at an all-time high. In addition, Tesla reiterated guidance for total deliveries in 2021 to grow more than 50% year over year.

Of course,  it’s true that valuation is something investors should consider carefully. They should be mindful that Tesla’s high valuation has priced in staggering growth for years to come.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Why Tesla stock fell on Tuesday appeared first on The Motley Fool Australia.

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Daniel Sparks 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 Tesla. 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.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The Spark Infrastructure Group (ASX: SKI) share price is up to a new 52-week high after accepting a third takeover bid from a consortium of investors for $2.95 per share.

At the time of writing, shares in the company are trading for $2.72 each – up 4.62%. They opened at a 12-month high of $2.78.

Let’s take a closer look at today’s news.

The Spark Infrastructure share price just hit a new high

In a statement to the ASX, Spark Infrastructure says the Ontario Teachers’ Pension Plan Board and Kohlberg Kravis Roberts & Co (the consortium) have upped their offer after twice being rebuffed by the company.

The initial bid of $2.65 per share saw the Spark Infrastructure share price rise to its previous yearly high of $2.67.

In its statement, Spark says the price of the bid will be reduced by the dividend it pays for the interim period. On 1 July the company said this would be 6.25 cents per share. This implies a proposed price of around $2.89 per security.

The new bid represents a premium of:

• 26% on the Spark Infrastructure share price on 13 July close.
• 31% on the 3-month volume weighted average price.

While the group says it will engage further with the consortium, and allow it to complete the necessary due diligence, it notes “there is no certainty” it will proceed.

Any potential merger will be subject to standard conditions, such as completion of satisfactory due diligence, regulatory approval, and final approval by shareholders of Spark and the consortium.

This new bid values Spark Infrastructure at approximately $5.2 billion.

Company Profile

Spark Infrastructure owns 49% interest in three electricity distribution companies. Two of these are in Victoria and one is in South Australia. It also owns 15% of TransGrid, which supplies electricity to New South Wales. These assets are heavily regulated for both standards and pricing.

Spark Infrastructure share price snapshot

Over the past 12 months, the Spark Infrastructure share price has increased about 20%. Year-to-date, the company’s value has appreciated by an even greater 27%.

The post Why the Spark Infrastructure (ASX:SKI) share price hit a new 52-week high appeared first on The Motley Fool Australia.

More reading

• ASX 200 Weekly Wrap: ASX shakes off lockdowns to rise higher
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• Here are 3 of the most heavily traded ASX 200 shares today
• Why ARB, Rhythm Biosciences, Sezzle, & Spark shares are storming higher
• Spark Infrastructure (ASX:SKI) share price rallies 7% on confirmed bid

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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