The DGL Group Ltd (ASX: DGL) share price is down 45% so far this week, including a fall of 15.7% today.

Shares of the logistics company are currently trading for $1.55. Earlier, they made an intraday high of $1.85 at the market opening.

By comparison, the S&P/ASX 200 Industrials Index (ASX: XNJ), which the DGL Group is part of, is only down 0.7%.

The broader market is down more. The S&P/ASX 200 Index (ASX: XJO) is recording a 1.7% loss at the time of writing. The S&P/ASX All Ordinaries Index is also down 1.8%.

So what could be causing this surge of red in the DGL share price? Let’s cover some recent news about the company over the past week.

What’s going on with the DGL share price?

No news has been released by the company today, but yesterday, it posted its FY22 earnings card. DGL shares cratered 23% as a result.

Curiously, the company noted that its revenues and underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) beat consensus forecasts. Revenue surged to $369.8 million, up 4% on guidance, and EBITDA rose to $65.6 million, 1% above prospectus guidance.

Higher growth was reported in all of its operating segments. However, no guidance was provided for FY23. Instead, it will be announced at its annual general meeting.

In his reporting, my Foolish colleague Zach pointed out that some bad news from the earnings included “many uncertainties in its operations and operating environment looking ahead,” so this may have spooked ASX investors.

DGL shares in review

The DGL Group share price is down 49% year to date.

Meanwhile, the ASX 200 is down 9% over the same period.

The company’s market capitalisation is $513.81 million.

The post DGL share price tumbles again, down 45% so far this week appeared first on The Motley Fool Australia.

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More reading

• Why DGL, PointsBet, Tabcorp, and Woodside shares are dropping today
• Why did this ASX All Ords share just crater 23%?
• Expert names 2 ASX shares to buy for ‘extended, uninterrupted’ good times

Motley Fool contributor Matthew Farley has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended DGL Group Limited. The Motley Fool Australia has recommended DGL 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 Electro Optic Systems Holdings Limited (ASX: EOS) share price is on ice after the ASX suspended the company from trading today.

The ASX has given the defence and space technology company a smack on the wrist for “failure to lodge the relevant periodic report by the due date”.

Before the market opened, the ASX announced it was suspending Electro Optic Systems and four other ASX shares for this same reason.

The ASX said:

The securities of the following entities will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 September 2022, following their failure to lodge the relevant periodic report by the due date.

The August reporting season officially ended yesterday (obviously) on 31 August.

The ASX requires companies to disclose half-year and full-year reports. They also have to submit quarterly activities reports and other documents.

Electro Optic Systems provided a quarterly activities report on 29 July.

It posted full-year FY21 accounts on 31 March.

At the time of writing, Electro Optic Systems had not yet responded to the suspension.

The other ASX shares suspended alongside Electro Optic are:

• 3D Metalforge Ltd (ASX: 3MF)
• Frontier Energy Ltd (ASX: FHE)
• Range International Ltd (ASX: RAN)
• Retech Technology Co Ltd (ASX: RTE)

Electro Optic share price snapshot

The defence company’s shares are down 70% in the year to date and 80% over the past 12 months.

The company has a market capitalisation of $117.8 million.

The post Why is the Electro Optic Systems share price frozen today? appeared first on The Motley Fool Australia.

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More reading

• Why has the Electro Optic Systems share price soared 16% in 2 days?

Motley Fool contributor Bronwyn Allen 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 Electro Optic Systems Holdings Limited. The Motley Fool Australia has recommended Electro Optic Systems Holdings 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 Ethereum (CRYPTO: ETH) price is slipping on its first day of the new month, down 3.4% to US$1,552 (AU$ 2,286).

That comes amid a wider market sell-off that’s hitting risk assets particularly hard this week, as investors eye the prospect of further interest rate hikes ahead to combat inflation that’s now looking to be more sticky than transitory in the medium term.

That’s how the world’s number two crypto is moving today.

But how did it fare in August?

Ethereum price falls buffered by the upcoming Merge

The Ethereum price kicked off August trading for US$1,687 (depending on your time zone) and ended the month at US$1,592.

Highlighting the ongoing volatility crypto investors need to be comfortable with, Ethereum traded as low as US$1,428 and as high as US$2,022 over the month, according to data from CoinMarketCap.

All up, the token fell 5.6% in August. While a loss is a loss, the Ethereum price didn’t fare much worse than the tech-heavy NASDAQ, which slumped 4.6% in August. And outperformed the Bitcoin (CRYPTO: BTC) price, which fell more than 14% over the month.

Ethereum looks to be getting some helpful tailwinds from the upcoming Merge, which could finally go from years of testing to live use later this month.

If you’re not familiar, the Merge will transition the Ethereum blockchain transition from proof of work (POW) to proof of stake (POS). POW protocols require a lot less computing power, reducing transaction costs, increasing efficiency, and producing far fewer carbon emissions.

Commenting on how the Merge was impacting crypto investor behaviours in August, eToro’s market analyst and crypto expert Simon Peters said:

In terms of how the market is reacting there is now obvious evidence that it is becoming more actively sensitive to developments on The Merge. The [Ethereum]price has been on an upward trajectory and has reacted positively to developments as investors buy into the token ahead of the change.

The post Why the Ethereum price slipped but still outperformed Bitcoin in August appeared first on The Motley Fool Australia.

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More reading

• Why Ethereum and other cryptos jumped Wednesday
• Why Bitcoin, Ethereum, and Dogecoin are falling today
• 1 cryptocurrency to buy and hold forever
• Here’s why the Bitcoin price just dipped back below US$20,000

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 positions in and has recommended Ethereum and Bitcoin. The Motley Fool Australia has positions in and has recommended Ethereum and Bitcoin. 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) has followed Wall Street’s lead and dropped deep into the red on Thursday. In afternoon trade, the benchmark index is down 1.8% to 6,862.9 points.

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

BHP Group Ltd (ASX: BHP)

The BHP share price is down 7% to $37.73. This has been driven almost entirely by the mining giant’s shares trading ex-dividend this morning for its latest dividend payment. Eligible shareholders can now look forward to being paid this fully franked final dividend of $2.471 per share later this month on 29 September.

Deep Yellow Limited (ASX: DYL)

The Deep Yellow share price is down 9% to $1.06. This appears to have been driven by profit taking after some strong gains in recent days. Investors have been buying this uranium developer’s shares after the price of the chemical element pushed higher amid optimism over the potential construction of new nuclear power plants. The Deep Yellow share price remains up 20% since this time last week despite this pullback.

Nickel Industries Ltd (ASX: NIC)

The Nickel Industries share price is down over 5% to 93.7 cents. This morning the team at Macquarie downgraded this nickel producer’s shares to a neutral rating and cut the price target on them to $1.00. This was driven by a softer than expected first half result and concerns over weakness in the stainless-steel market.

PointsBet Holdings Ltd (ASX: PBH)

The PointsBet share price is down 15% to $2.47. Investors have continued to sell this sports betting company’s shares following the release of its full year results on Wednesday. Although PointsBet reported a 52% increase in revenue to $296.5 million it still recorded a loss after tax almost as great at $267 million. And while it finished the period with a sizeable cash balance of $472 million, investors appear concerned that this may still not be enough to see it through to profit.

The post Why BHP, Deep Yellow, Nickel Industries, and PointsBet shares are dropping appeared first on The Motley Fool Australia.

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More reading

• Why is the ASX 200 diving 2% on Tuesday?
• How did ASX 200 dividend shares stack up in August?
• Reason for hope as ‘worst month of the year’ starts off badly
• 3 mining ASX shares ripe for buying now: experts
• Why is the BHP share price sinking 8% today?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended 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 Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) seems to be running out of steam. The index is once again in the red today, and far more savagely than yesterday’s falls. At the time of writing, the ASX 200 has lost a nasty 1.6% back to under 6,880 points.

But let’s not dwell too long on those sobering statistics. So instead, let’s take a look at the ASX shares presently making the top of the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Thursday

Telstra Corproation Ltd (ASX: TLS)

The first cab off the rank today is the ASX 200 telco Telstra. So far this Thursday, a sizeable 13.75 million Telstra shares have been dialled in. We haven’t seen too much out of Telstra today, apart from some routine paperwork. But the telco’s share price has displayed some wild volatility.

Telstra shares have spent most of the trading day in the red. But after dipping as low as $3.91 a share earlier this morning, the company is presently sitting flat at $3.97 a share. It’s probably this bouncing around that has sparked so many shares trading today.

Core Lithium Ltd (ASX: CXO)

ASX 200 lithium share Core Lithium is next up. As it currently stands, a hefty 15.56 million Core Lithium shares have traded hands today. Again, we haven’t heard anything from the company itself. But Core Lithium has also seem some rather wild share price action.    

This morning saw the lithium share open in the red before shooting up to $1.44 a share, a gain of almost 3%. But investors seem to have changed their minds again about this company, and Core Lithium is presently back down to $1.37 a share, a loss of 2.36%. Again, this is the likely source of the elevated volumes we are seeing.   

Pilbara Minerals Ltd (ASX: PLS)

Another ASX 200 lithium stock rounds out our list today in the form of Pilbara Minerals. This Thursday has seen a hefty 19.58 million Pilbara shares bought and sold on the markets. This looks like a similar situation to Core Lithium. Investors just don’t seem to know what to do with this company’s share price today.

Pilbara has been skipping with the breakeven line all day, with multiple stints in both positive and negative territory over the present session. Right now, the company has sunk to $3.64 a share, down by 0.27%. Again, it looks like we have volatility to thank for these volumes.  

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

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More reading

• The Pilbara Minerals share price surged 30% in August. What now?
• How did the Core Lithium share price perform in August?
• How I’d invest $20,000 in ASX shares today if I had to start from scratch
• These were the best performers on the ASX 200 in August
• Top ASX shares to buy in September 2022

Motley Fool contributor Sebastian Bowen has positions in Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Bitcoin (CRYPTO: BTC) price currently stands at US$20,064 (AU$29,463).

That gives the world’s original crypto a market cap just north of US$383 million.

Now, that’s well shy of the US$1.2 trillion plus market valuation the token commanded at its November 2021 peak. Yet Bitcoin has held up remarkably well since last Friday.

Bitcoin price moves show resilience

As you’ll likely recall, last Friday saw US Federal Reserve chair Jerome Powell address the global central banking summit in Jackson Hole, Wyoming.

You’ll also likely recall that Powell’s words didn’t exactly spur investors’ risk appetites.

With inflation no longer transitory (let alone ‘stubbornly missing’) Powell revealed that the world’s most watched central bank isn’t going to ease back on its tightening policies anytime soon.

Addressing some of the world’s top financial leaders, Powell said:

Restoring price stability will likely require maintaining a restrictive policy stance for some time. The historical record cautions strongly against prematurely loosening policy.

The Bitcoin price and most all risk assets sold off in the wake of his hawkish pronouncement. Indeed, the world’s top crypto dipped below the psychologically important level of US$20,000 a few times earlier this week.

But here’s the interesting thing.

In the hours before Powell spoke, Bitcoin was trading for around US$21,550.

That means at the current price, Bitcoin is down 5.2% from that level.

On the other hand, the tech-heavy NASDAQ – a good proxy for risk assets – is down 6.5% since Powell’s speech.

That’s noteworthy because 2022 has seen cryptos move in close synch with risk assets. And the Bitcoin price moves this year have generally been significantly larger (both up and down) on major macroeconomic news than the NASDAQ.

Yet not this time.

And this could be a positive sign of things to come, Oanda senior market analyst Ed Moya said.

According to Moya (courtesy of Bloomberg):

Bitcoin is showing some resilience here as it has clawed back above the $20,000 level, despite widespread stock market weakness. Crypto traders are not used to seeing Bitcoin withstand a rout on Wall Street, so this could be a promising sign.

The post Bitcoin price resilience ‘could be a promising sign’: expert appeared first on The Motley Fool Australia.

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More reading

• Can the Bitcoin price reach $100,000?
• Why Bitcoin, Ethereum, and Dogecoin are falling today
• 1 cryptocurrency to buy and hold forever
• Here’s why the Bitcoin price just dipped back below US$20,000

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 positions in and has recommended Bitcoin. The Motley Fool Australia has positions in and has recommended Bitcoin. 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 course to record a disappointing decline. At the time of writing, the benchmark index is down 1.6% to 6,874.7 points.

Four ASX shares that have managed to avoid the selloff are listed below. Here’s why they are rising:

Coles Group Ltd (ASX: COL)

The Coles share price is up 1.5% to $17.81. This is despite there being no news out of the supermarket giant. However, given its defensive qualities, investors appear to have been buying its shares during today’s broad market selloff.

Fisher & Paykel Healthcare Corp Ltd (ASX: FPH)

The Fisher & Paykel share price is up 1.5% to $17.79. This morning the medical device company announced that it has entered into a sale and purchase agreement to acquire a 105 hectare site in Karaka, Auckland for NZ$275 million. The company will construct a second New Zealand campus on the site to complement its existing location at the Highbrook development in Auckland.

New Hope Corporation Limited (ASX: NHC)

The New Hope share price is up 3% to $5.04. Investors have been buying New Hope and other coal miners today after the coal price climbed overnight. According to CommSec, the thermal coal price rose 2.5% to US$425 per tonne. This is good news for its Bengalla thermal coal mine, which is generating significant free cash flow with prices at these levels.

Nitro Software Ltd (ASX: NTO)

The Nitro share price is up 1.5% to $1.60. On Wednesday, this document productivity software company received and rejected a takeover approach. Judging by its current share price, investors appear to be betting that the Potentia consortium will improve its $1.58 per share offer to acquire Nitro.

The post Why Coles, Fisher & Paykel, New Hope, and Nitro shares are rising appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 shares defying today’s sell-off to surge higher
• Hoping to bag the boosted Coles dividend? Here’s what you need to do
• Here are 5 ASX 200 shares going ex-dividend tomorrow
• Why Deep Yellow, Nitro, Tyro, and Webjet shares are storming higher
• Nitro share price rockets 40% on takeover approach

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 positions in and has recommended COLESGROUP DEF SET. The Motley Fool Australia has recommended Nitro Software Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) is currently having a rough day. At the time of writing, it’s down by 1.8%.

If it finishes like this, then it’ll be one of the most painful days in 2022 for the ASX 200.

What’s happening to the index?

Well, changes in the value of an index are dictated by movements in the share prices of the underlying businesses.

ASX shares drop

There are some big movements today by many of the ASX’s biggest blue chips.

The BHP Group Ltd (ASX: BHP) share price is down by 6.3%.

The Commonwealth Bank of Australia (ASX: CBA) share price is down 2%.

The Macquarie Group Ltd (ASX: MQG) share price is down 2.2%.

The Goodman Group (ASX: GMG) share price is down 3%.

The National Australia Bank Ltd (ASX: NAB) share price and the Westpac Banking Corp (ASX: WBC) share price are both down around 1.7%.

But those are just the declines of some of the biggest names.

There are a few bigger negative movements within the ASX 200 by some of the smaller names. For example:

The Pointsbet Holdings Ltd (ASX: PBH) share price is down 10%, Perseus Mining Limited (ASX: PRU) shares are falling 8%, the Evolution Mining Ltd (ASX: EVN) share price is sinking 8%, Sandfire Resources Ltd (ASX: SFR) shares are sliding 7.5%, the Ramelius Resources Limited (ASX: RMS) share price is down 6.8%, and the Northern Star Resources Ltd (ASX: NST) share price is falling 5%.

It’s a hard day in the gold sector. According to Commsec, gold futures dropped by 0.6% overnight.

But, some of the ASX 200’s decline could be explained by the fact that some businesses have gone ex-dividend. That simply means that investors buying shares of those specific companies today won’t be entitled to the recently announced dividend.

BHP is one of those businesses that went ex-dividend today. That could explain the majority of the BHP share price decline.

What else could be affecting the ASX 200?

The different share markets around the world often take cues from each other.

Last night, the S&P 500 (INDEXSP: .INX) fell by 0.8%. This index represents 500 of the biggest US businesses, which are also among the biggest in the world.

However, more falls are indicated for the US share market. According to CNN, the S&P 500 futures is currently in the red, with an implied opening drop of 0.7%. The NASDAQ futures currently show a drop of 1.2% at the open. But, the market movement could be different by the time the US share market opens.

Sizeable declines for the US share market over two consecutive trading sessions may also be unnerving ASX investors. Time will tell whether this is a short-term dip or a return to longer-term declines like we saw in the first half of 2022.

The post Why is the ASX 200 diving 2% on Tuesday? appeared first on The Motley Fool Australia.

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More reading

• How did ASX 200 dividend shares stack up in August?
• How did the Westpac share price beat the other ASX 200 banks in August?
• Reason for hope as ‘worst month of the year’ starts off badly
• 3 mining ASX shares ripe for buying now: experts
• Why is the BHP share price sinking 8% today?

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Macquarie Group Limited, Pointsbet Holdings Ltd, and Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Newcrest Mining Ltd (ASX: NCM) share price hit a fresh multi-year low of $17.02 during late morning trade today.

This means that shares in the gold miner have now hit a new bottom 3 times this week.

While there has been a slight recovery since, Newcrest shares are now trading at $17.13, down 3.38%.

Why are Newcrest shares losing their shine?

Investors have continued to sell off Newcrest shares following negative sentiment across the gold sector.

The S&P/ASX All Ordinaries Gold Industry (ASX: XGD) is the worst performer on the ASX Indices today, falling by 4.76%.

It appears investors are bracing for an impending rate hike this month from the US Federal Reserve to combat inflation.

This comes after the central bank’s chair Jeremy Powell reiterated his policy stance to return inflation to 2%.

Currently, the annual inflation rate is sitting at 8.5% for the 12 months ended July 2022 after rising 9.1% previously.

Evidently, this has led the gold price to deteriorate to around US$1,700 per ounce.

When interest rates increase, investors tend to shift investments away from the yellow metal into safer asset classes.

In Australia, consumer prices have surged at the fastest annual pace over the last 21 years.

The Reserve Bank of Australia updated its statistics, indicating that inflation has risen 6.1% in the June quarter of 2022.

This is being blamed on a combination of factors such as the recovery from COVID-19, as well as surging fuel and property prices.

Next Tuesday, the Reserve Bank of Australia meets to decide on whether they will lift the official cash rate again.

Newcrest share price summary

It has been a whirlwind year for Newcrest shareholders.

The company’s shares touched a 52-week high of $28.96 in April before plunging 40% in the following months.

Year to date, the share is down 30%.

Based on today’s price, Newcrest presides a market capitalisation of approximately $15.30 billion.

The post The Newcrest share price has hit 3 multi-year lows this week alone. What’s going wrong? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Monday
• Why is the Newcrest share price having such a lowsy end to the week?
• 5 things to watch on the ASX 200 on Friday
• Hoping to bag the next Newcrest dividend? Here’s what you need to do
• These ASX 200 shares will trade ex-dividend tomorrow

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 Novonix Ltd (ASX: NVX) share price is plummeting today despite no word having been released by the tech giant.

It comes just one day after the battery technology and materials company posted its annual report, driving the stock nearly 4% higher on Wednesday.

Sadly, it’s handing back that gain – and then some – today. The Novonix share price is $2.275 at the time of writing, 5.99% lower than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) is down 1.8% right now, while the S&P/ASX 200 Information Technology Index (ASX: XIJ) is outperforming, falling just 1%.

Let’s take a closer look at what’s going on with Novonix’s stock today.

What’s weighing on the Novonix share price today?

Thursday is proving to be a rough one for ASX 200 tech stock Novonix. It’s currently its home sector’s worst performing constituent.

Though, its 6% tumble isn’t far behind the 5.59% fall currently exhibited by the EML Payments Ltd (ASX: EML) share price. EML is coming in as the tech sector’s second worst performer.

Novonix’s day in the red comes after its full-year results were released to the market yesterday afternoon.

It posted $8.4 million of revenue for the 12 months ended 30 June – a 61% year-on-year increase. Meanwhile, its loss for the period came in at $71.4 million. That’s 295% deeper than the $18 million loss it posted for financial year 2021.

The company also provided an overview of an eventful year that saw it admitted to the ASX 200 and float on the Nasdaq Stock Market.

Interestingly, the company’s NASDAQ listing lifted 1.7% overnight as the United States market digested the company’s results.

Sadly, despite such an exciting year for the company, the stock has underperformed over the last 12 months.

The Novonix share price has more than halved since this time last year. That’s despite it peaking at $12.47 in December – 82% higher than where it’s trading today.  

For comparison, the ASX 200 has slumped 9% over the last 12 months, while the tech sector has fallen 34%.

The post Why is the Novonix share price slumping 6% on Thursday? appeared first on The Motley Fool Australia.

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More reading

• Novonix share price lifts despite full-year loss deepening to $71 million
• Here are the top 10 ASX 200 shares today
• Why is the Novonix share price tumbling 6% on Monday?
• Why is the Novonix share price getting hammered on Wednesday?
• How close is ASX tech share Novonix to becoming profitable?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended EML Payments. The Motley Fool Australia has positions in and has recommended EML Payments. 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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