The Orthocell Ltd (ASX: OCC) share price is soaring today following news of clinical study success.

At the time of writing, the Orthocell share price is trading hands at 58 cents, up 12.62%.

Orthocell is developing new medical devices and cellular therapies to help people recover from injury.

Why is the share price surging?

It appears investors are responding to positive results from a clinical trial into the use of one of Orthocell’s lead products, OrthoATI.

In today’s release, Orthocell said its data confirmed this product could safely reduce pain in patients suffering from rotator cuff tears. OrthoATI is more effective than steroid injections for treating this injury, according to the company.

Orthocell now plans to speed up its commercialisation plans for OrthoATI in the United States, including conducting a study in front of the Food and Drug Administration.

Orthocell told the market today it believed it could use its OrthoATI treatment to help 480,000 patients per year in the US alone. The company sees this as a US$4 to $5 billion market opportunity (AU $5.6 to $7 billion).

Management commentary

Orthocell managing director Paul Anderson welcomed the news, saying it was an important milestone. He added:

We are absolutely delighted with the study results for this challenging and debilitating condition which clearly demonstrates that OrthoATI is more effective than steroid injection for treatment of rotator cuff tendinopathy with intrasubstance tendon tear.

We are now in a very strong position to progress our US commercialisation strategy to deliver the first injectable cell therapy in orthopaedics that truly addresses the cause of degeneration and returns patients to full use of their chronically damaged tendons.

Orthocell share price snapshot

The Orthocell share price has lifted more than 38% in the past 12 months and is up 27.78% this year to date.

In contrast, the benchmark S&P/ASX 200 Index (ASX: XJO) has returned nearly 11% in the past year.

Shares in the company reached a 52-week high of 66 cents, while the low was 40.5 cents.

The post Orthocell (ASX:OCC) share price surges 13% on study success appeared first on The Motley Fool Australia.

More reading

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• Here’s why the Strike Energy (ASX:STX) share price is surging 13% today
• Up 27% in a month, the Lynas (ASX:LYC) share price just hit another 9-year high. Here’s why
• WAM (ASX:WAM) share price higher on PM Capital fund takeover news
• Why is the Mesoblast (ASX:MSB) share price blasting 10% higher today?

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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Crypto assets like Bitcoin (CRYPTO: BTC) and Ethereum (CRPTO: ETH) have been making plenty of headlines of late.

That’s in part because they both notched new all-time highs in November. And in part because crypto adoption is rapidly going mainstream.

Even the Reserve Bank of Australia (RBA) and Treasury are in discussions on launching a Central Bank Digital Currency (CBDC).

Now the latest YouGov research commissioned by crypto wealth platform Dacxi reveals that Australians are increasingly looking to crypto to build wealth, with 4 in 10 saying the Aussie property market is in a bubble.

Crypto investing plans rise on property bubble fears

According to the survey, 30% of Aussie adults believe “crypto will generate more value over the next 10 years than housing”.

As you’d expect, younger respondents were more positive on the outlook for crypto compared to housing than older respondents. 45% of Millennials agreed that crypto was likely to outperform housing in the next decade compared to only 15% of Baby Boomers.

As for people who’ve previously invested in digital assets, 81% said they thought crypto would generate more value than housing over the coming 10 years.

Based on the survey results, 17% of Australians are considering investing in crypto to save for a house deposit, while 56% do so with the intent to build long-term wealth.

Another striking survey result revealed that 29% of Aussies agree that it’s important to include crypto as part of an investment portfolio.

Commenting on the survey results and the markedly different responses between the age groups, Dacxi CEO, Ian Lowe said:

Vanguard has done incredible things for democratising access to traditional assets, but it has a blind spot when it comes to crypto. The next generation is looking for an alternative asset class they can have faith in that will perform well over the long term and that is accessible to younger, less established investors.

2 tokens considered to offer the best 12 month returns

Bitcoin and Ethereum topped the list of cryptos that respondents believe will provide the highest returns over the next 12 months.

According to Lowe:

Bitcoin recently hit another all-time high of US$68,521, then dropped as low as US$53,701 over the following 2 weeks. Picking price peaks and troughs is nearly impossible, even for professional traders. However, the 1 year and 3 year return on Bitcoin is 190.7% and 235.2% respectively, returns that have significantly outperformed even the booming equities market. And other headline cryptocurrencies like Ethereum also continue to perform strongly.

It’s not a surprise then to see that our survey found these 2 coins are considered the most likely to offer the best returns over the next 12 months, with 58% of respondents and 47% respectively.

The post Survey reveals surprising crypto swing as Aussie housing bubble fears grow appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bitcoin and Ethereum. 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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Shares in Strike Energy Ltd (ASX: STX) are claiming territory today. The Strike Energy share price is currently trading up around 13% at 17.5 cents a pop.

Stike’s share price has been on the move today. Investors are responding positively to an update on the Walyering-5 well and the miner’s exploration and appraisal activities in its central Perth Basin.

What did Strike announce?

Strike advised it has successfully run in and cemented the 5.5 inch casing for the Walyering-5 well. Moreover, the company has successfully pressure tested the casing string in the well.

The company says the cost of the Walyering-5 well has come in under budget with the drilling performance exceeding expectations.

The total cost estimate for drilling and evaluation of W5 is currently a gross $8.5 million. However, overhead and owners’ costs are not part of this estimate, per the release.

Walyering now presents a low capital expenditure (capex) and fast development opportunity for Strike to monetise the asset on a successful production test scheduled for Q1 2022.

According to Strike Energy, the Walyering project is fast to market. Furthermore, it represents a low capital development opportunity for several reasons.

The first reason is that gas specification is better than pipeline. Further, testing has identified nearly zero impurities in measured gas samples (H2S, nitrogen, CO2). Among other factors, the reservoir pressure measured at 5x the operating pressure of Parmelia Gas Pipeline.

Furthermore, what Strike Energy labels as the “simple profile” of the Walyering gas accumulation means “nominal infrastructure downstream of the wellhead is expected to be required before the gas enters the Parmelia Gas Pipeline, and in turn minimal non-well capital expenditure pre-production.”

Strike will now run a cement bond log and vertical seismic profile before suspending the well. The rig will then be demobilised to the South Erregulla-1 well site. Flow testing of the W5 well is set to occur in Q1 2022 as part of a broader testing campaign.

As such, the company is investigating a concept design of a production system that could support additional resource from 2 wells from the main lobes of the Walyering gas field.

It has already commenced work to identify the location and design of the Walyering-6 well, according to the announcement.

Management commentary

Speaking on the announcement, Strike Energy managing director and CEO Stuart Nicholls said:

The successful application of 3D seismic and corresponding conventional gas accumulation at Walyering has provided the company with a new suite of opportunities for very near term and future gas production in order to both capture the current favourable gas market conditions and to materialise its longer-term vertically integrated downstream strategy.

Nicholls continued:

The Company is currently incorporating the results of Walyering into its development plans and, post a successful flow test in early 2022, will engage with an independent certifier to book reserves and resources at Walyering.

Strike Energy share price snapshot

It’s been a difficult year for Strike Energy shareholders, as its share price has collapsed more than 35% in the past 12 months.

This year to date it is also down nearly 39%. However, it has regained strength in the last month to trade over 9% in the green.   

The post Here’s why the Strike Energy (ASX:STX) share price is surging 13% today appeared first on The Motley Fool Australia.

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• Why is the Strike Energy (ASX:STX) share price climbing today?

The  author 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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Shares in rare earth minerals player Lynas Rare Earths Ltd (ASX: LYC) are edging higher today and now trade 4% in the green at $9.29.

Today’s price action signals a 9-year high for the company, having surpassed its former glory levels of $9 a share from 2012. Here’s a closer look.

What’s up with the Lynas share price lately?

It’s been fairly quiet out of Lynas’ corner over the last month or so. Nevertheless, its share price has charged northwards with authority as investors pile in to secure a spot in the company.

As the price of rare earth commodities continues in a cyclical uptrend, this bodes in well for Lynas’ earnings and its share price.

For instance, in its AGM held last week, Lynas gave an upward revision on its forecast for the demand of neodymium-praseodymium (NdPr), an alloy used in numerous tech products and applications, such as electric motors.

The company now sees an annual growth rate of 10% in this division, a 300 basis point uptick from previous estimates.

Underscoring the upgrade to forecasts is the surging demand for electric vehicles, the sales of which increased by 140% during Q1 2021. This upward swing in eclectic mobility has sent the price of Neodymium itself around 68% higher since the beginning of 2021.

Investors are also paying attention to Lynas’ positioning outside of China as a source of rare earths, given that China is the largest producer of this category.

As such, Lynas’ offering lends diversification benefits away from a single region, which could positively impact demand and supply dynamics as well, according to previous analysis.

What else is weighing in?

Aside from the market mechanics driving the Lynas share price, sentiment appears to be overwhelmingly positive on the company right now.

For instance, the team at Sydney investment firm Barrenjoey recently initiated coverage on the stock, rating it overweight with $10.50 valuation.

Barrenjoey likes the outlook for Lynas and reckons its share price has the legs to run further yet. At the time of writing, its price target implies a 13% upside potential, which Lynas is fast encroaching.

Investors are keeping up the pace as well. The volume of Lynas shares traded today is already at 60% of its 4-week average of more than 5 million.

Lynas shareholders have enjoyed an extended run in the green, with the company’s share price soaring more than 120% in that time.

This year to date, it has rallied over 133% and has gained a further 27% in the past month of trading.

The post Up 27% in a month, the Lynas (ASX:LYC) share price just hit another 9-year high. Here’s why appeared first on The Motley Fool Australia.

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• These were the 5 best performing ASX 200 shares in November

The author 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 WAM Capital Limited (ASX: WAM) share price is pushing higher on Wednesday.

In afternoon trade, the investment company’s shares are up 1% to $2.23.

Why is the WAM share price rising?

The catalyst for the rise in the WAM share price today could be news that its potential takeover of PM Capital Asian Opportunities Fund Ltd (ASX: PAF) was given a boost.

WAM is currently battling it out with PM Capital Global Opportunities Fund Ltd (ASX: PGF) for control of the fund.

In September, WAM made an off-market proposal to acquire the PM Capital Asian Opportunities Fund for one WAM Capital share for every 1.99 PAF share owned. Based on the WAM share price at the time, this implied an offer of ~$1.15 per share.

WAM believes this is superior to the offer that the PM Capital Global Opportunities Fund has made.

At the time of the offer, WAM’s Chairman, Geoff Wilson, commented: “WAM’s Offer to acquire 100% of PAF Shares on superior terms to the opposed Scheme provides a meaningful choice for PAF Shareholders and their investments.”

“Following acceptance of WAM’s superior proposal, PAF Shareholders have the option to remain a WAM Shareholder; or utilise WAM’s superior on-market liquidity to exit your position at a premium to net tangible asset (NTA) backing. The Offer allows PAF Shareholders to exit their PAF Shares by acquiring 1 WAM Share for every 1.99 PAF Shares held,” he added.

However, the PM Capital Asian Opportunities Fund’s Board didn’t see things that way and continued to recommend the offer from its Global Opportunities Fund. This led to WAM contacting the Takeovers Panel.

What’s the latest?

The good news for WAM is that its takeover bid was given a boost this week after the Takeovers Panel found PM Capital had breached the Corporations Act.

The Panel found that “holding notices given by PGF, PMC and the Moore Group contravened s671B.”

It also highlighted the acquisition of approximately 3.19% of PAF shares by associated entity Moore Group resulted in contraventions of s606(1), among other things.

Given that this isn’t a good look for a fund manager, WAM will no doubt be hoping this strengthens its offer and weakens PM Capital’s offer when it comes to voting next week. Though, it is worth noting that Paul Moore (and his associated entities) and PM Capital are seeking a review of the initial Panel’s decision.

The post WAM (ASX:WAM) share price higher on PM Capital fund takeover news appeared first on The Motley Fool Australia.

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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 Mesoblast Limited (ASX: MSB) share price is shooting higher today despite the company’s silence.

In fact, the market hasn’t heard any price-sensitive news from the biotechnology company in two weeks.

Still, the company’s stock is well and truly in the green today. At the time of writing, the Mesoblast share price is $1.75, 9.69% higher than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) is currently up 1.17%. Meanwhile, the All Ordinaries Index (ASX: XAO) has gained 1.29%.

Let’s take a look at the latest news from the company.

What’s going on with the Mesoblast share price?

At its current share price, Mesoblast has now officially recovered from its late-November dip.

The company released its results for the first quarter of financial year 2022 on 24 November.

Within them, it reported a US$2.3 million year-on-year revenue increase, bringing its takings for the quarter up to US$3.6 million.

The company also reduced its cash usage, its research and development expenses, and its manufacturing expenses.

Perhaps unsurprisingly, the market bid the Mesoblast share price higher on the back of its results, sending it to gain 1.7%. However, it tumbled 11.3% over the following 6 sessions.

Between then and now, the company has conducted its annual general meeting and announced findings regarding its Rexlemestrocel-L drug.

On Monday, the company announced the DREAM-HF Phase 3 trial of Rexlemestrocel-L in patients with chronic heart failure and low ejection fraction (HFrEF) found the greatest benefit from Rexlemestrocel-L is in HFrEF patients with diabetes, ischemia, or both.

While the news wasn’t marked as price-sensitive, the Mesoblast share price gained 3.5% on Monday.

Finally, potentially helping Mesoblast along today is the broader healthcare sector’s performance. The S&P/ASX 200 Health Care Index (ASX: XHJ) is currently up 0.6%, with nearly all its members recording gains.

While it’s not as stellar as the broader market’s performance, it’s still good news for the company and its peers.

Yet. despite today’s gains, the Mesoblast share price is still 22% lower than it was at the start of 2021. It’s not all bad though — it’s gained 5% since this time last month.

The post Why is the Mesoblast (ASX:MSB) share price blasting 10% higher today? 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 Zip Co Ltd (ASX: Z1P) share price is lapping up the attention of investors today.

Heading into the afternoon, the buy now, pay later (BNPL) provider is the best performing company in the S&P/ASX 200 Index (ASX: XJO). In specific terms, shares in Zip are trading 10.69% higher to $5.28, bringing its price back to pre-December levels.

Let’s take a look at what might be moving the Zip share price on the ASX today.

Is Zip staging a comeback on the ASX?

No doubt Zip Co shareholders are rejoicing today as the company’s shares look set to cement its second consecutive day of rising more than 9%. Not even news of new payment system reforms made by Treasurer Josh Frydenberg has rained on Zip’s parade on Wednesday.

The $2.8 billion company is not alone in its prosperous session. It’s sharing the gains with other BNPL competitors, indicating the rally seems to be more sector-wide. Other ASX-listed payment companies enjoying a positive nudge today include Tyro Payments Ltd (ASX: TYR), Afterpay Ltd (ASX: APT), and EML Payments Ltd (ASX: EML).

The catalyst could be partially thanks to a good showing from US-listed tech and payments companies overnight. In a similar fashion, the likes of Affirm Holdings Inc (NASDAQ: AFRM), Square Inc (NYSE: SQ), and Paypal Holdings Inc (NASDAQ: PYPL) jumped 10.6%, 5.5%, and 3.3% respectively.

Point of difference

However, Zip is outperforming many other ASX-listed payments peers, so there might be more to it. The only company-specific news circulating on Wednesday is the group’s newest appointment. Former Deliveroo (LON: ROO) CEO Levi Aron has been appointed as chief growth officer of Quadpay (Zip’s US operations).

Commenting on the new addition, Zip US co-CEO Adam Ezra said:

Levi is a proven, entrepreneurial leader who will help drive our growth strategy and deliver exceptional value for our consumers, merchant partners, and shareholders.

Moreover, this news is on the back of the company’s November trading update, released yesterday. Shares in Zip launched higher on the ASX after the company reported an 86% increase in transaction numbers. Additionally, customers rose 71% to 9.2 million compared to the prior corresponding period.

Finally, the Zip share price has fallen 15% in the last month. Undoubtedly, shareholders will be hoping to see a turnaround in performance. Comparatively, the S&P/ASX 200 Index (ASX: XJO) is only down roughly 0.8% in the last month.

The post Why is the Zip (ASX:Z1P) share price zooming 9% higher today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler owns shares of AFTERPAY T FPO and EML Payments. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO, EML Payments, Square, Tyro Payments, and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO and EML Payments. The Motley Fool Australia has recommended Tyro Payments. 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 AGL Energy Ltd (ASX: AGL) share price is edging into positive territory today. This comes as the Australian energy giant struck a deal with the Fortescue Metals Group Limited (ASX: FMG) subsidiary, Fortescue Future Industries.

At the time of writing, AGL shares are swapping hands for $5.55, up 0.54%.

What’s been announced?

Investors appear pleased about the company’s latest prospect, sending the AGL share price into the green.

In its media release, AGL advised of plans to transform its Liddell and Bayswater power stations into a green hydrogen facility.

A signed Memorandum of Understanding (MOU) with Fortescue Future Industries will look at ways to achieve clean energy. This will see a 12-month feasibility study which will map key operational and commercial plans for the project.

AGL wants to power the site with clean energy through grid scale batteries, solar thermal storage, wind and pumped hydro.

The Liddell coal power station is due to close in early 2023, and Bayswater is expected to follow suit in 2025.

Early estimates suggest that the new project could support a hydrogen facility of a gigawatt scale. However, that would be subject to renewable energy costs, firming requirements, electrolyser capital costs, logistics and demand for hydrogen product.

Notably, upon completion, the Hunter Energy Hub will be the first of its kind in Australia.

AGL has embarked on a massive change to become a clean producer of sustainable, secure and affordable electricity.

The company is already commencing construction of a 250MW grid-scale battery at the Torrens Island gas hub in Adelaide. Furthermore, it has also received planning approval for a 200MW, four-hour big battery at the site of Loy Yang power station in Victoria.

AGL CEO and managing director, Graeme Hunt commented:

We have a long history of supporting the development of new technology as early investors in wind and other renewables and we want to do the same in partnerships with Australia’s emerging hydrogen industry.

Fortescue is leading the charge on the development of green hydrogen in Australia and abroad, and we are excited to bring our site and expertise in large-scale renewable generation to the fold.

AGL share price recap

Since this time last year, the AGL share price has continued to plummet in value, losing almost 60%. The company’s shares moved on a downward trend throughout 2021, reflecting weak investor sentiment.

Based on today’s price, AGL presides a market capitalisation of $3.65 billion, with approximately 658.38 million shares outstanding.

The post AGL (ASX:AGL) share price climbs amid Fortescue Hydrogen partnership news appeared first on The Motley Fool Australia.

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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 Allkem Limited (ASX: AKE) share price is having a strong day on Wednesday.

At the time of writing, the lithium miner, formerly known as Orocobre, has seen its shares rise 4% to $8.87.

This means the Allkem share price is now up almost 100% in 2021.

Why is the Allkem share price rising?

Investors have been bidding the Allkem share price higher this week after S&P Dow Jones Indices revealed that it was adding the company to the illustrious ASX 100 index at the next quarterly rebalance.

This can be a big boost for a company’s shares for a couple of reasons. One is that index funds that track the index have to buy shares to reflect the change.

The other is that many fund managers have strict investment mandates. This often includes only being able to buy shares in certain indices such as the ASX 100 or ASX 200. And given the limited options on the ASX 100 for exposure to the clean energy transition, this makes Allkem a potentially attractive option for fund managers.

Where next for its shares?

One leading broker that is recommending Allkem to clients at the moment is Macquarie Group Ltd (ASX: MQG).

Its analysts currently have an outperform rating and $12.00 price target on the company’s shares.

Based on the current Allkem share price, this implies potential upside of 35% over the next 12 months. Not bad considering its shares have already almost doubled in value this year.

Macquarie likes Allkem due to its exposure to both lithium brine in South America and lithium spodumene production in Australia. It feels this leaves the company well-placed to benefit from the insatiable demand for lithium from the electric vehicle market.

The post Why is the Allkem (ASX:AKE) share price in the spotlight this week? appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro owns shares of Allkem 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 recommended Macquarie 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 Boss Energy Ltd (ASX: BOE) share price is surging upwards today on the back of news of its Honeymoon uranium project.

The company is continuing to make progress towards re-starting uranium production at the project which has been out of action since 2013.

At the time of writing, the Boss Energy share price is $2.46, 3.8% higher than its previous close.

Let’s take a closer look at today’s news from the minerals exploration company.

Boss Energy share price surges on project update

Wednesday is a good day on the ASX for the Boss Energy share price. It’s taking off after the company announced it’s more than halfway with the Honeymoon project’s front end engineering design.

The company’s getting the project ready so it can hit the go button as soon as it’s commercially feasible.

Honeymoon’s previous owners stopped commissioning the project in 2013 during a period of low uranium prices. However, the price of the commodity has surged in recent months.

The project’s front end engineering design is set to be completed in the first quarter of 2022. That will allow detailed design work to begin as soon as a final investment decision is made.

Boss Energy managing director Duncan Craib said making sure the project is ready to hit the ground running will allow the company to “capitalise on a rising uranium price at the moment of our choosing”.

The company has also nearly finished piping and instrumentation diagrams for the project. It has already organised Honeymoon’s power supply and optimised its wellfields.

The Honeymoon project’s global mineral resource currently stands at 71.6 million pounds with an average grade of 620 parts per million of uranium oxide, using a cut-off grade of 250 parts per million.

Right now, the Boss Energy share price is 215% higher than it was at the start of 2021. It has also gained 10.3% over the last 30 days.

The post Here’s why the Boss Energy (ASX:BOE) share price is busting 4% higher today 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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