Category: Stock Market

Not even the release of a positive announcement has been able to stop the Recce Pharmaceuticals Ltd (ASX: RCE) share price from dropping today.

In afternoon trade, the biotechnology company’s shares are down 2.5% to 94 cents.

What did Recce announce?

This afternoon Recce Pharmaceuticals announced that the European Patent Office has granted patents relating to Recce 327 (R327) and Recce 529 (R529).

R327 has been developed for the treatment of blood infections and sepsis derived from E. coli and S. aureus bacteria. This includes their superbug forms.

Whereas R529 is a new synthetic polymer formulation with indication against viruses. Recce is currently undertaking initial studies of R529 to indicate any potential therapeutic effect against COVID-19.

What were the patents?

According to the release, the European Patent Office granted claims relating to the composition/method of manufacture of RECCE anti-infectives, the administration of R327 or R529 by oral, injection, inhalation, and transdermal dose applications, and the use of R327 or R529 for the treatment of viruses having a lipid envelope or coat. These includes coronaviruses, influenza viruses, HIV, hepatitis, Ross River and herpes viruses.

Management believes this is a big positive given the size of the European market. It notes that Europe represents one of the largest anti-viral therapies markets in the world, valued at US$11.40 billion (A$14.93 billion) in 2019. It is expected to reach US$21.12 billion (A$27.66 billion) by 2027.

Recce’s Chief Executive Officer, James Graham, said: “Recce’s intellectual property portfolio continues to grow in-line with our business strategy and the unprecedented global infectious disease crisis before us. Our market-monopolies reinforce our unique opportunity among a significant-range of both bacterial and viral pathogens.”

Today’s decline means the Recce share price is now down by 14% since the start of the year. Though, it is worth noting that it is up 275% over the last 12 months.

More reading

• Here’s why the Recce (ASX:RCE) share price is racing higher today

Motley Fool contributor James Mickleboro 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.

The post Recce Pharmaceuticals (ASX:RCE) share price tumbles despite positive update appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/31tTesH

The Macmahon Holdings Limited (ASX: MAH) share price is sinking in early-afternoon trade despite being awarded a new contract. At the time of writing, the mining services company’s shares are fetching for 19.7 cents, down 3.9%.

Contract award

Investors selling their positions on Macmahon shares despite the company’s positive announcement.

According to its release, Macmahon advised it has been selected for a surface mining contract with Anglo American.

Under the agreement, Macmahon will provide an array of surface mining services at the Dawson South mine, located in Queensland. Furthermore, this will see the provision of drill and blast, bulk and selective mining, crushing, screening, train loading, and other services.

The Dawson South mine forms part of the Dawson Mine, which is an open-cut metallurgical mine. The facility is responsible for producing coking, soft coking, and thermal coal. The mine is a joint venture agreement by Anglo American and Japan’s Mitsui Group.

The contract will have a 3-year term and is expected to generate around $200 million in revenue for Macmahon.

Both parties are yet to formally sign the mining services agreement, however, it is anticipated to occur in the near future.

Commencement of works is scheduled for July 2021.

Macmahon CEO and managing director Michael Finnegan commented:

We are very pleased to be selected for the Dawson South operation by Anglo American, a leading global mining company. We look forward to working very closely with our new client to ensure a smooth transition period and continuity of safe operations. This new project further strengthens our growing east coast presence.

Macmahon share price summary

The Macmahon share price has lifted close to 20% in the past 12 months. However, it is down 25% year-to-date. The company’s shares reached a 52-week high of 28.7 cents late last year.

Based on valuation grounds, Macmahon presides a market capitalisation of roughly $424.5 million, with over 2.15 billion shares outstanding.

More reading

• ASX quarterly rebalance: HUB24 joins ASX 200, Brainchip into ASX 300
• Why the Red 5 (ASX:RED) share price is soaring higher today
• ASX 200 rises, Rio chair will leave, Nine gets a new CEO
• Why the St Barbara (ASX:SBM) share price will be on watch today

Motley Fool contributor Aaron Teboneras 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.

The post Macmahon (ASX:MAH) share price sinks on contract news appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3m1MUSu

Apparently last week was the best week for the Australian property market since 2018. That’s according to a report from analytics company CoreLogic, which also outlined how national auction clearance rates hit 84% last weekend.

As usual, that is great for Australians who own properties, and not so good for those who want to (or don’t want to for that matter).

But property has looked hot for months now. And yet no one from the government seems too concerned. Especially the Reserve Bank Of Australia (RBA).

Here is an excerpt from the RBA’s minutes of its meeting earlier this month on the matter:

Members concurred that housing market conditions warranted close monitoring in the period ahead…. Members also discussed the effect that low interest rates have on financial and macroeconomic stability. They acknowledged the risks…  linked to higher leverage and asset prices, particularly in the housing market…. The Board concluded that there were greater benefits for financial stability from a stronger economy, while acknowledging the importance of closely monitoring risks in asset markets.

That doesn’t sound like anyone at the RBA is panicking. And there might be a good reason for that. Like it or not, higher house prices help the economy. And not just for the ASX banks like Commonwealth Bank of Australia (ASX: CBA) that write out home loans.

Higher house prices mean new stuff

See, house prices are intrinsically tied to something economists like to call ‘the wealth effect’. Put simply, this refers to the phenomenon that if people feel richer, they are more likely to spend money. Or even borrow more money. And nothing makes an average Australian citizen feel richer than being told their house is now worth $100,000 or $200,000 more than it was a year ago.

Suddenly, that new TV, front deck or car is looking a whole lot more tempting. And viable.

And if more consumers are feeling richer and spending more, it means more cash is going into the economy. And when more cash goes into the economy, the beneficiaries are the businesses that also operate in that economy. ASX shares, in other words. Remember, it’s Eagers Automotive Ltd (ASX: APE) that might be selling those new cars. Or JB Hi-Fi Limited (ASX: JBH) supplying that new TV.

That might be what the RBA means when it says, “The Board concluded that there were greater benefits for financial stability from a stronger economy”.

So if you have money in the ASX share market, you should be welcoming higher house prices. If you already have a house, that’s a double-win. Even though rising property prices reveal a set of challenges of their own, the RBA doesn’t seem too worried. And that’s probably why.

More reading

• BlueScope (ASX: BSL) share price could get cut of Biden’s US$3tn boost
• Leading brokers name 3 ASX shares to sell today
• US markets just hit an all-time high. Is the ASX 200 next?
• Which is the better investment: An ASX share portfolio or an index fund?
• ASX 200 down 0.15%: AGL to split into two, NAB’s 86 400 acquisition receives ACCC approval

Motley Fool contributor Sebastian Bowen 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.

The post Are red-hot house prices good for ASX 200 shares? appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3rAsTDy

The 8common Ltd (ASX: 8CO) share price is in the green territory after announcing to investors that it has secured a contract extension. At the time of writing, the software solutions provider’s shares are up 4.5% to 23 cents.

Let’s take a closer look and see what 8Common updated the ASX with.

Contract extension

Investors are driving the 8Common shares higher after digesting the company’s latest news.

According to its release, 8Common advised it has won a contract extension with the NSW Department of Education (NSW DoE).

Under the renewed agreement, 8common will continue to provide the Expense8 platform to the NSW DoE until March 2023. Consequently, this follows the original deal that was executed in March 2016. The original deal comprised an initial 5-year term with an attached 2-year extendable option.

Additionally, 8Common highlighted that the renewal was a result of its strong product delivery, exceptional customer service, and solid relationships with the NSW DoE.

Expense8 provides travel and expense management, and card services for over 150 entities for federal NSW and Northern Territory governments. The platform has more than 132,000 active users within state and federal departments. In the NSW DoE, 22,000 active users and 14,000 credit cards are managed.

Furthermore, the additional take up of Expense8 is expected to generate $960,000 in revenue for 8Common. Notably, in FY21 alone, the company has won over $2.5 million in contracts.

What did the CEO say?

8common CEO Andrew Bond welcomed the deal, saying:

We are exceptionally pleased to continue our relationship with the NSW Department of Education. Our ongoing relationship reflects the product delivery and user benefits of our Expense8 solution. Our ability to continue to support existing customers, execute new products and onboard new customers is a testament to our product quality as well as our robust development, R&D and operational capabilities.

We continue to see a strong pipeline of growth in 2021 and we look forward to expanding our presence with the State and Federal Government sector as well as large enterprise businesses.

About the 8Common share price

The 8common share price has jumped more than 350% over the past 12 months, with year-to-date performance sitting above 50%. The company’s shares hit a multi-year high today of 23.5 cents.

On valuation grounds, 8Common has a market capitalisation of $45 million, with roughly 200 million shares on issue.

More reading

• Treasury (ASX:TWE) and Afterpay (ASX:APT) share prices on watch
• Is the Amaysim (ASX:AYS) share price really tumbling 70% today?
• BlueScope (ASX: BSL) share price could get cut of Biden’s US$3tn boost
• Why Blackmores, Cleanspace, PointsBet, & Treasury Wine shares are sinking
• The Air New Zealand (ASX:AIZ) share price is slipping today. Here’s why

Motley Fool contributor Aaron Teboneras 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.

The post Here’s why the 8Common (ASX:8CO) share price is rising today appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3u22Qaf

Motley Fool CIO Scott Phillips joined Peter Stefanovic on Sky News this morning to talk about the Brisbane lockdown, the Afterpay Ltd (ASX: APT) share price’s three-month low and the extension of tariffs on Australian wine.

https://fast.wistia.com/embed/medias/2wbqqfc9nn.jsonphttps://fast.wistia.com/assets/external/E-v1.js

More reading

• Why Blackmores, Cleanspace, PointsBet, & Treasury Wine shares are sinking
• ASX growth shares will be VERY slow to recover. Here’s why
• 5 things to watch on the ASX 200 on Tuesday
• Afterpay (ASX:APT) share price sinks despite new product launch
• Will the ASX 200’s ‘China problem’ get worse?

Motley Fool contributor Scott Phillips owns shares of Treasury Wine Estates Limited. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Treasury (ASX:TWE) and Afterpay (ASX:APT) share prices on watch appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3diAr91

The Amaysim Australia Ltd (ASX: AYS) share price looks to have been plummeting today, but things aren’t always what they seem. The drop comes after yesterday’s close, which saw an end to the final day shareholders were entitled to receive a major distribution.

Amaysim is set to delist at the close of trade tomorrow, having previously sold off the majority of its business and then been taken over by WAM Capital Limited (ASX: WAM).

At the time of writing, the Amaysim share price has dropped by 69.18% and is trading at 24.5 cents.

Let’s look closer at what’s happening with the Amaysim share price today. 

Last hurrah for Amaysim shares 

The Amaysim share price seems to have dropped momentously as those shareholders awaiting the company’s ex-dividend date cut and run. But the reason for the large fall is that a significant part of Amaysim shares’ remaining value was made up of the juicy dividends resulting from the company’s sale and takeover.

Those who held shares in Amaysim at the close of trade yesterday will receive a fully franked dividend of 26 cents and a return of capital of 24 cents in late April.

They will also receive a minor distribution of approximately 10 cents in around May, as well as a final distribution of between 7 and 13 cents around October.

As a result, the Amaysim share price has fallen by 55 cents – a similar amount to what investors were guaranteed to receive. Given the value of these distributions was already priced into the Amaysim share price, it is now trading minus the approximate value of these payments.  

In late February, Amaysim announced the remainder of its business was being taken over by WAM Capital. This came following Amaysim having previously sold its energy business to AGL Energy Limited (ASX: AGL) and its mobile business to Optus Mobile. 

Previously, WAM Capital offered 70 cents in cash for each Amaysim share. That was a 15.6% premium to the one-month volume-weighted average price after the end of October.

After today, any investor still holding Amaysim shares will only be able to have their investment transferred to WAM Capital shares.

Shareholders will automatically receive one WAM Capital share for every 2.675 Amaysim shares they hold at the time of delisting.

More reading

• AGL Energy (ASX:AGL) share price slides after latest announcement
• ASX 200 down 0.15%: AGL to split into two, NAB’s 86 400 acquisition receives ACCC approval
• Why AGL, Digital Wine, REA Group, & Xero shares are charging higher
• AGL (ASX:AGL) share price higher on structural separation plans
• What’s happening with the Damstra (ASX:DTC) share price?

Motley Fool contributor Brooke Cooper 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.

The post Is the Amaysim (ASX:AYS) share price really tumbling 70% today? appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3dkcNJg

The BlueScope Steel Limited (ASX: BSL) share price could get a boost later this week thanks to US President Joe Biden’s US$3 trillion ($3.9 trillion) recovery plan.

Biden is expected to announce the first part of his new stimulus plan on Thursday our time, according to Forbes. The new plan is called Build Back Better and is a follow up to the US$1.9 trillion American Rescue Plan.

It is expected that the first instalment of Build Back Better will focus on infrastructure, which includes rebuilding railways and bridges.

BlueScope’s Build Back Better share price boost

That requires a lot of steel and that’s good news for BlueScope as it has a significant presence in the US through its $1 billion acquisition of North Star.

The BlueScope share price may not be the only beneficiary. Other ASX building material companies with exposure to that market include the James Hardie Industries plc (ASX: JHX) share price and Boral Limited (ASX: BLD) share price.

The Biden administration has been tight-lipped on details of the Build Back Better plan so far. It’s believed that the second part of the plan will be unveiled sometime next month.

What is part two of Build Back Better?

Part two of the ambitious stimulus will focus on healthcare and childcare, according to White House Press Secretary Jen Psaki.

“We’re not quite in the legislative strategy yet, but I will say that I don’t think Republicans and the country think we should be 13th in the world as it relates to infrastructure, roads and railways,” Psaki was quoted by Forbes.

“That’s a lot of what the President will talk about this Wednesday; then he will have… another proposal that he will put forward in just a couple of weeks that will address a lot of issues that American people are struggling with–childcare and the cost of healthcare.”

Other ASX shares that may benefit from Biden’s stimulus

While it’s too early to say what the healthcare component will be, there is a chance that some other ASX shares can benefit too.

This include the CSL Limited (ASX: CSL) share price and Sonic Healthcare Limited (ASX: SHL) share price. Both have a material presence in the US.

But it isn’t all good news under Biden’s big spending plan.

The downside to big spending stimulus

Big tax hikes could be on the cards as he has made no secret about his desire to get companies and wealthy taxpayers to fund his programs.

There’s speculation that US corporate tax could jump from 21% to as much as 28%. If that comes to pass, it could trigger a long-awaited sharp drop in the US share market.

That will surely drag the S&P/ASX 200 Index (Index:^AXJO) lower in its wake.

More reading

• US markets just hit an all-time high. Is the ASX 200 next?
• Which is the better investment: An ASX share portfolio or an index fund?
• ASX 200 down 0.15%: AGL to split into two, NAB’s 86 400 acquisition receives ACCC approval
• Australia’s first cryptocurrency fraud case filed to the Federal Court
• Brokers think these ASX 200 shares will outperform the market

Brendon Lau owns shares of BlueScope Steel Limited, CSL Ltd., and James Hardie Industries plc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia has recommended Sonic Healthcare Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post BlueScope (ASX: BSL) share price could get cut of Biden’s US$3tn boost appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3ftNI1c

After a strong start to the day, in afternoon trade the S&P/ASX 200 Index (ASX: XJO) has faded and is now deep in the red. At the time of writing, the benchmark index is down 0.55% to 6,761.7 points.

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

Blackmores Limited (ASX: BKL)

The Blackmores share price is down 6% to $78.39. This is despite there being no news out of the health supplements company today. However, last week analysts at Citi put a sell rating and $59.20 price target on its shares. They have concerns over its valuation, particularly given the prospect of increasing competition in the local market and weakness in the daigou channel.

Cleanspace Holdings Ltd (ASX: CSX)

The Cleanspace share price has crashed 55% to $2.01 following the release of a trading update. That update revealed that the respiratory protection equipment manufacturer has experienced a major slowdown in sales. According to the release, third quarter sales are expected to be $7 million. This compares to first half sales of $39.7 million, which average out to $19.35 million per quarter.

PointsBet Holdings Ltd (ASX: PBH)

The PointsBet share price has sunk 10% to $12.17. This appears to be due to concerns over online sports betting legalisation in New York. Deutsche Bank stated: “Comments from NY politicians, as reported by affiliate media, appear far more pessimistic than those of several weeks ago around the prospects of NY legalising online sports betting in this session.” This would be a big blow, as the market is expected to be worth US$1.35 billion by 2023.

Treasury Wine Estates Ltd (ASX: TWE)

The Treasury Wine share price has continued its slide and is down 2.5% to $10.37. Investors have been selling the wine company’s shares this week after Chinese authorities confirmed that tariffs would be placed on Australian wine for at least the next five years. In respect to Treasury Wine, its portfolio has been hit with a 175.6% duty. Management previously warned that demand for its portfolio in China would be extremely limited while these measures are in place.

More reading

• Should you be concerned about the PointsBet (ASX:PBH) share price?
• ASX 200 down 0.15%: AGL to split into two, NAB’s 86 400 acquisition receives ACCC approval
• Why the CleanSpace (ASX:CSX) share price is diving 50%
• Will the ASX 200’s ‘China problem’ get worse?
• ASX 200 down 0.1%: Computershare raises $500m, REA Group announces acquisition

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 recommends Pointsbet Holdings Ltd. The Motley Fool Australia owns shares of and has recommended Blackmores Limited and Treasury Wine Estates Limited. The Motley Fool Australia has recommended CleanSpace Holdings Limited and Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Why Blackmores, Cleanspace, PointsBet, & Treasury Wine shares are sinking appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/31ve36T

The Air New Zealand Limited (ASX: AIZ) share price is falling today after the company released its February investor report.

At the time of writing, the Air New Zealand share price is down 1.74%, trading at $1.69.

Let’s take a look at the Kiwi airline’s latest results.

What’s in the report?

In February, Air New Zealand carried just 621,000 passengers, a drop of more than 50% on the 1,363,000 passengers recorded in February 2020.

Its revenue per passenger kilometre (a transportation industry metric that shows the number of kilometres travelled by paying passengers) fell 83% from $3,015 million in February 2020 to just $379 million this February.

Meanwhile, its available seat kilometres have fallen 82% from the corresponding period last year. This February the airline has filled just 53% of its seats on planes, compared to 79% in February 2020.

Air New Zealand’s market update for March will give investors a better comparison on the early impacts of COVID-19 last year.

This report does, however, show an improvement on its January metrics, with 40,000 more passengers and a $1 million increase in revenue per kilometre. The large concern remains its ability to fill its seat capacity, which has fallen from January by 7%. 

Air New Zealand share price on a wild ride

From 17 January to 2 April last year, the Air New Zealand share price plummeted from $2.90 cents to just 80 cents, a staggering drop that has since recovered to its current price of around $1.50.

The last four months have been no less volatile, however. From a high of $170 in December, the price dropped to $1.40 in February, only to rebound back into the $1.70 region in mid-March before again falling to its current price.

Its actually risen 7% this month and is up a strong 57% against its industrials sector over the past year, also up 34% against the S&P/ASX 200 Index.

Trans-Tasman bubble a waiting game

Many investors will be awaiting the New Zealand government’s call on a timeline to restore flights between Australia and New Zealand, which is scheduled for April 6.

Inflating the Trans-Tasman bubble Air New Zealand would naturally increase Air New Zealand’s revenue, but the airline hasn’t been simply waiting on the news.

Air New Zealand announced it will run non-stop flights between Auckland and Hobart last week, Tasmania’s first regular international flight schedule in 23 years. Its also gearing up for flying to Australian overseas territories Norfolk Island and the Cook Islands.

More reading

• Revealed: 4 least profitable industries in Australia

Motley Fool contributor Lucas Radbourne-Pugh 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.

The post The Air New Zealand (ASX:AIZ) share price is slipping today. Here’s why appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3cABdz4

The PointsBet Holdings Ltd (ASX: PBH) share price is facing heavy selling pressure today. At the time of writing, shares in the company are down 9.32% to $12.26. 

We take a closer look at what might be driving down the PointsBet share price today. 

Why is the PointsBet share price being sold off?

A research note from Deutsche Bank said online sports betting legalisation in New York was “hanging by a thread”. On the issue, Deutsche Bank also stated that:

Comments from NY politicians, as reported by affiliate media, appear far more pessimistic than those of several weeks ago around the prospects of NY legalising online sports betting in this session.

The decision will be settled in the coming weeks. However, what was once an almost-certain outcome has now turned into a coin-flip. 

The uncertainty saw US gaming and sports betting shares including fall. This includes Draftkings Inc (NASDAQ: DKNG) and Penn National Gaming Inc (NASDAQ PENN) who finished overnight down 8.50% and 7.85%. 

In PointsBet’s half-year results presentation, the company hinted at a number of growth opportunities including expanding into New York and Canada. 

Why is New York so important?  

New York is seen as the cash cow for sports betting in the United States. While the state has legalised retail sports betting, online sports betting, more broadly speaking, has surged during COVID-19. 

PointsBet has not commented on the size of New York for quite some time. Additionally, an investor presentation from October 2019 still adds valuable perspective for the significant revenue opportunity in New York. 

Highlighting the US market opportunity and size, PointsBet notes that New York has an estimated market size in CY23 of US$1,350 million. The second down the list is Illinois at US$784 million and Ohio at US$599 million. 

What’s next for the PointsBet share price? 

PointsBet represents a richly valued, loss-making, growth company. Despite its market capitalisation of $2.2 billion, the company recorded a loss of almost $86 million for the half-year ended 31 December. 

The expectations are sky-high for the company to deliver outstanding growth in the near-term. For the most part, the company has been able to meet expectations with strong half-year results, recently securing market access in Pennsylvania and Mississippi, and a game-changing marketing deal with NBCUniversal. 

New York will vote to take place in the coming weeks. However, the PointsBet share price might have to brace for increased volatility. 

More reading

• ASX 200 down 0.15%: AGL to split into two, NAB’s 86 400 acquisition receives ACCC approval
• Up 13% this year, the Pointsbet (ASX:PBH) share price reflects expansion into new markets
• The ASX 200 keeps climbing, TPG drops on Teoh departure, AMP still has a CEO
• Why the PointsBet (ASX:PBH) share price will be on watch this morning
• Compared! How are ASX gaming share prices performing?

Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Should you be concerned about the PointsBet (ASX:PBH) share price? appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3sBRskX