The Anson Resources Ltd (ASX: ASN) share price is soaring after the company released its latest battery test work results.

The test work, completed by Novonix Ltd (ASX: NVX), found lithium products from Anson’s Paradox Brine Project performed well in lithium-ion battery test cells.

Right now, the Anson share price is up 17.3%, trading at 11.5 cents after shooting 19.39% higher in opening trade.

Let’s take a closer look at today’s news from the company providing resources for the new energy and technology markets.

Positive battery test results

The Anson Resources share price is surging on the back of positive battery test results.

Anson has announced its lithium carbonate product performed better than a commercial product blend during testing.

Additionally, its lithium hydroxide monohydrate product showed a similar performance to that of other available products.

Anson also reported that, during ultra-high precision chargers testing, its products showed lower capacity losses. This means its products could create batteries with longer life spans.

It’s the second set of positive results Anson has received from Novonix this year. In March, Novonix found Anson’s lithium hydroxide and its lithium carbonate materials performed better than existing commercial products.

The company will share the new test work results with potential offtake partners and customers.

Anson’s chair and CEO, Bruce Richardson, noted that the positive results from Novonix left Anson with potential for extra exposure as Novonix provides testing equipment, research, and development to Tier 1 battery makers.

Commentary from management

Richardson commented on today’s news, saying:

The results from Novonix’s test work clearly demonstrates that the lithium carbonate and lithium hydroxide produced from the Paradox brines have the necessary specifications that Tier 1 battery makers may require…

The results confirm and enhance the results for the earlier test work conducted by Novonix on behalf of Anson. The purity of the Anson product provides it with a performance advantage over existing commercial products which is expected to attract lithium-ion producers that are aiming to provide a high-performance product.

As well, demand for such a sustainably-produced and responsibly-sourced product is growing in North America and Europe as electric vehicle makers look to bolster their ESG credentials.

Anson share price snapshot

Today’s gains included, the Anson share price is currently 290% higher than it was at the start of 2021. It has also gained 485% since this time last year.

The post Anson (ASX:ASN) share price leaps 19% on Novonix test results appeared first on The Motley Fool Australia.

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• The Novonix (ASX:NVX) share price surges another 5% on Thursday

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 Nova Minerals Ltd (ASX: NVA) share price has soared into the green on Thursday after the company made a key announcement.

At the time of writing, Nova shares are up 7.69% to 14 cents.

Let’s investigate further.

What did Nova Minerals announce?

In what was deemed a positive for the Nova Minerals share price, the company announced that a “large scale gold discovery” has been confirmed at its flagship Estelle Gold Project in Alaska.

Nova advised the maiden drill program at its RPM prospect at the project had “returned impressive results”. As such, drilling at this site is complete and the goal is now set on “delineating a maiden resource by late 2021”.

An additional diamond drill rig is expected on site “in the coming weeks to ramp up Korbell infill drilling”. This will “expand and prove-up resource to indicated status”, according to the release. Investors can expect an update on this in the fourth quarter.

The “significant intercepts” at the prospecting site “validates Nova’s strategy to unlock” the greater Estelle gold district, the company said.

What did management say?

Speaking on the announcement that is driving the Nova Minerals share price, CEO Christopher Gerteisen said:

This marks a major milestone for Nova Minerals. RPM is now confirmed as the next discovery within the Estelle Gold Project. Unlocking the district is no longer merely a plan — we HAVE unlocked it.

The gravity of this is huge for the company as well as the greater resource sector as it positively demonstrates we have another gold deposit that will add significant ounces to the global resource inventory at the Estelle Gold Project.

What’s next for the Nova Minerals share price?

According to the announcement, Nova’s “geological reconnaissance team” has completed field programs and has “unlocked further targets within the Estelle gold district”.

As a result, investors can expect more news on this as results and findings become available.

In addition, assay results are now pending for “over 10,000 metres of drilling” from Nova’s Korbel and RPM sites.

Finally, the company advised that a Snow Lake Resources update is due shortly. For reference, Snow Lake is Nova’s majority-owned lithium company.

Nova Minerals share price snapshot

The Nova Minerals share price has had a choppy year to date, posting a loss of 12.5% since January 1.

Despite this, Nova shares have still climbed 57% into the green over the last 12 months. In the last month alone, Nova shares have gained a further 27%.

This has outpaced the S&P/ASX 200 index (ASX: XJO)’s return of around 25% over the past year.

The post Nova Minerals (ASX:NVA) share price jumps on gold discovery appeared first on The Motley Fool Australia.

More reading

• Here’s why the Nova Minerals (ASX:NVA) share price is up 13% on Friday

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

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The Telstra Corporation Ltd (ASX: TLS) share price has been one of the better performing S&P/ASX 200 Index (ASX: XJO) shares over the past few months. Telstra shares are currently sitting at $3.90 a share at the time of writing. That’s down 1.02% for the day so far. Even so, that still puts the Telstra share price up around 29.6% year to date in 2021. As well as up an even better 36.4% over the past 12 months.

Not bad for an old ASX 200 blue chip telco like Telstra.

So Telstra shares have been on an impressive run. But is there still gas in the tank for the Telstra share price? After all, longer-term investors might still remember the days of $5, $6 or even $7 Telstra shares.

Is the Telstra share price still undervalued?

Well, according to an article in The Australian this week, there is one investor who thinks the Telstra share price might still be undervalued today. That investor is US bank JPMorgan. JP Morgan analysts reckon the telecommunications infrastructure that Telstra owns could collectively be worth as much as $30 billion.  These analysts predict that this could “generate substantial value, which could lead to higher capital returns” if some of these were to be sold off.

We have already seen this in action. Earlier this year, Telstra excited the markets when it announced the sale of 49% of its mobile towers infrastructure business InfraCo Towers. This stake was sold to a consortium of institutional investors, including the Future Fund. Telstra was able to pull off this sale with a price that was equivalent to 28 times InfraCo Towers’ earnings.

Telstra as a whole is currently being priced with a price-to-earnings (P/E) ratio of 24.97. That gives it a total market capitalisation of $46.85 billion.

So you can see where JPMorgan’s optimism comes from here.

Although the company has now sold half of its Towers business, it still retails a majority stake in the other half. As well as the entirety of its InfraCo Fixed division. InfraCo Fixed also contains a treasure trove of infrastructure assets. These include telephony exchanges, subsea cables and fibre optic ducts.

The Australian also speculates that a further sell down of Telstra’s infrastructure could fund a potential future purchase of the government-owned NBN network. We could see some further details of Telstra’s future plans at the company’s investor day on 16 September.

At the current Telstra share price, the company has a dividend yield of 4.11%. 

The post Is the Telstra (ASX:TLS) share price undervalued right now? appeared first on The Motley Fool Australia.

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JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Sebastian Bowen owns shares of JPMorgan Chase and 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 owns shares of 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 Bruce Jackson.

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The Zip Co Ltd (ASX: Z1P) share price continues to test the resolve of its shareholders, down 1.31% to $6.77 on Thursday.

Meantime, competition in the buy now, pay later (BNPL) market is ramping up. Here’s what’s new.

PayPal taps into Japan’s BNPL market

According to CNBC, Paypal Holdings Inc (NASDAQ: PYPL) is stepping up its global presence with the acquisition of Japanese BNPL company, Paidy.

PayPal will be forking out US$2.7 billion for the acquisition, which will be paid mostly in cash. The acquisition is expected to close in the fourth quarter of 2021.

According to a statement from PayPal on Tuesday:

The acquisition will expand PayPal’s capabilities, distribution and relevance in the domestic payments market in Japan, the third largest ecommerce market in the world, complementing the company’s existing cross-border ecommerce business in the country.

PayPal has already made its mark on the Australian BNPL market after announcing it will not charge late payment fees.

By comparison, Zip charges a late fee of $5 for Zip Pay and $15 for Zip Money, billed 21 days after the due date.

PayPal’s late payment fees announcement coincided with a 10.9% decline in the Zip share price on 15 July.

What else is dragging the Zip share price down?

The tech-heavy Nasdaq Composite experienced strong selling pressure yesterday and fell 0.57%. This compared to the S&P 500 and Dow Jones Industrial Average which fell 0.13% and 0.2% respectively.

Zip’s US peers Affirm Holdings Inc (NASDAQ: AFRM) and Square Inc (NYSE: SQ) fell sharply, down 4.34% and 4.18% respectively.

Market Watch reported that traders sold shares in the tech and resources sectors as “uncertainty grows about the outlook for stocks after a strong second-quarter earnings period”.

The article also stated: “Doubts also have emerged about the persistence of supportive monetary policies, credited with fueling record gains for stocks, now considered richly valued.”

Zip share price snapshot

The Zip share price has typically found buying support about the mid-$6 level, as evidenced by bounces in May and late July.

The Zip share price is up 21% year-to-date, mostly fueled by the strong gains at the beginning of the year.

The post Zip (ASX:Z1P) share price struggles as BNPL competition heats up appeared first on The Motley Fool Australia.

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Motley Fool contributor 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 has recommended Affirm Holdings, Inc., PayPal Holdings, Square, and ZIPCOLTD FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2022 $75 calls on PayPal Holdings. The Motley Fool Australia has recommended PayPal 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 Helloworld Travel Ltd (ASX: HLO) share price has been flying under the radar.

In the past month, shares in the travel agency group have surged more than 36%. At the time of writing, they are trading 1.4% higher for the day at $2.18.

Let’s take a look at what’s been fuelling the Helloworld share price.

Helloworld share price propelled by travel hopes

Along with the broader travel sector, shares in Helloworld are flying higher on renewed hopes of travel in the near future.

Despite the Delta variant of COVID-19 causing major domestic and international travel disruptions, investors have been looking towards a vaccinated future.

As a result, investors have flocked to travel shares as the resumption of domestic and international travel looms. This has helped to push up the Helloworld share price.

The effects of border closures and travel restrictions were recently reflected in the company’s full-year report for FY21.

How did Helloworld perform in FY21?

Late last month, Helloworld released preliminary un-audited results for the year ended 30 June 2021.

This was followed by the company’s annual report, released earlier this week.

For FY21, Helloworld reported a statutory after-tax loss of nearly $36 million.

The travel agency group revealed it had lost 272 agencies over the past 15 months as lockdowns took their toll on the company.

Highlights from the company’s full-year report included;

• Underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) loss of $14.1 million. This was at the low end of the range indicated in the Quarter 3 trading update ($14 million to $16 million).
• FY21 underlying loss before tax of $37.8 million after one-off costs of $11.7 million.
• $131.0 million cash balance at 30 June 2021.

Helloworld’s total transaction values (TTV) tanked 78.4% for the financial year to $1.08 billion.

The Helloworld share price jumped on the back of the result and has been climbing ever since.

The company was unable to provide guidance for FY22, due to the uncertainty around the lifting of border restrictions and travel bans.

However, the travel agency did note that strong demand for travel during periods of open travel reflected pent-up consumer demand.

As a result, Helloworld noted the company was focusing on vaccine rollouts to determine the re-opening of domestic and international borders.

Snapshot of the Helloworld share price

The Helloworld share price has reflected the company’s challenging trading conditions in 2021.  

Despite shares in the travel agency rallying in the past month, they remain around 13% lower since the start of the year. However, they have gained around 18% in the past 12 months.

The post The Helloworld (ASX:HLO) share price is up 36% in a month. Here’s why appeared first on The Motley Fool Australia.

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Motley Fool contributor Nikhil Gangaram 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 Helloworld Limited. The Motley Fool Australia owns shares of and has recommended Helloworld 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 Kuniko Ltd (ASX: KNI) share price has stepped firmly into the green from the opening of trade on Thursday.

Kuniko shares are now changing hands at $1.97 apiece, a 20% jump from the open.

Let’s investigate a little further.

A quick recap on Kuniko

Kuniko is in the business of minerals exploration. It has particular interests in the development of non-lithium battery metals, used in the production of electro-mobility and other modern forms of energy production.

Kuniko was formed via a spinoff from Vulcan Energy Resources Ltd (ASX: VUL) earlier this year. The company completed its initial public offering (IPO) last month.

At the time of writing, Kuniko has a market capitalisation of $87 million.

What’s behind the Kuniko share price lately?

The Kuniko share price has been on a wild ride since listing on the ASX back on 24 August.

Kuniko shares were originally listed at 20 cents apiece, and have since climbed to the current price. Since that time, they have experienced periods of significant volatility.

What does this mean? Well basically, Kuniko shares have fluctuated up and down consistently over the past few weeks. And the fluctuations haven’t been of a small magnitude, either.

On several days across this time, the Kuniko share price has shown an intraday range that resulted in a difference in prices of over 100%, even over 300% on one day.

Even today there has been a 27% spread between the intraday highs and lows of the Kuniko share price.

Equally as interesting, is that some of these fluctuations have occurred on significant trading volume. The average 1 month trading volume on Kuniko shares is an exchange of 11.3 million shares, which is around 27% of the company’s total shares outstanding. That’s exquisitely high for a newly listed company.

One potential explanation for the short-term fluctuations is the appointment of the company’s new CEO, Antony Beckmand.

Beckmand comes with more than 20 years of experience in the mining industry, and is “enthusiastic about (the company’s) portfolio of projects in Norway”.

Kuniko shares have dipped 39% into the red from a closing high of $3.23 since the company announced its new CEO.

What’s next for the Kuniko share price?

There’s been no market sensitive information released by the company over the last week or two.

Nonetheless, current Kuniko shareholders have recognised an 882% return on their initial investment, if they subscribed during the IPO.

Kuniko is also focused on establishing robust ESG principles in its operations, ensuring ethical sourcing of its materials, committing to a zero carbon production process, and operating in Norway, where “98% of electricity comes from renewable sources”.

This may impact the Kuniko share price favourably given the current macro-narrative in corporate social responsibility.

The post The Kuniko (ASX:KNI) share price is surging 20%. What’s next? appeared first on The Motley Fool Australia.

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

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The electrification trend has been thrown around a lot since electric vehicle (EV) makers, such as Tesla Inc (NASDAQ: TSLA), rose to prominence. In the process, ASX lithium shares have been caught in the updraft of rising lithium prices.

In the space of 12 to 18 months, lithium shares have gone from being the undesirables to being the spice of the time. An expected flood of demand has plenty of investors and speculators alike chasing the next potential gold rush.

Some analysts also believe the trend could have legs, citing the push for a global energy transition as a major structural tailwind.

While the returns from some ASX lithium shares have been downright phenomenal over the past year, various brokers are pointing towards a potential for greater things to come.

More to come?

It might be easy to dismiss the swiftly ascending lithium share prices as nothing but rampant speculation.

However, recent sales data would indicate otherwise, as EV sales continue to surge globally. Preliminary data from Research and Research show substantial increases year on year in August. For instance, German, France, and Norway sales rose 62%, 60%, and 92% respectively.

Our preliminary August global #EV sales data for Germany, France, Norway, UK, Sweden, Netherlands, Italy and Spain have been completed.

Total EV sales in these 8 countries grew 57% YoY and -7% MoM.

And here you can find that Norway surpassed the UK. pic.twitter.com/Nl1AG4iTKe

— Researcher and Research (@thernrcorp) September 7, 2021

https://platform.twitter.com/widgets.js

Similarly, in the first half of the year, China EV sales soared 164% year on year to 271,000 units, according to the China Association of Automobile Manufacturers.

Additionally, the electric vehicle market is broadening out from the pack of initial disruptors. Even the likes of BMW AG and Toyota Motor Corp are spending on batteries and battery technology.

The German luxury carmaker has contracts for A$32 billion worth of batteries. Meanwhile, Toyota is set to splurge US$13.5 billion on its own battery supply system by 2030.

Due to the cost of lithium-ion batteries dropping significantly, analysts expect this to be the standard for the foreseeable future. With lithium being a critical material in this battery design, this obviously bodes well for increased demand over time.

Head of mining research at Canaccord Genuity, Reg Spencer commented on the electric shift, stating:

What you see here is a global structural change in how people move and what powers that movement. In itself, we haven’t seen anything like this since the Industrial Revolution.

Furthermore, Spencer expects a continued surge in lithium demand as lithium maintains its critical role in the electrification shift.

Setting the stage for ASX lithium shares

Some might find it interesting to know that lithium itself isn’t considered a scarce resource. However, the lack of investment in supply in the years prior to the recent boom has meant the volume of lithium required is simply not available.

As a result, the price of lithium carbonate has sprung from about US$5400 per tonne a year ago, to approximately US$19,000 as of today. In a similar fashion, lithium spodumene prices have flown from around US$370 per tonne to more than US$900 per tonne.

The momentous prices have led to an incredible acceleration in events for ASX-listed lithium shares. One major event involves the merger of Galaxy Resources Ltd (ASX: GXY) and Orocobre Limited (ASX: ORE). This unification of companies is set to create the fifth-largest lithium chemicals company on the planet.

Concurrently, other ASX lithium shares have waged staggering comebacks in their own right. For example, the Pilbara Minerals Ltd (ASX: PLS) share price has skyrocketed 553% in the past year. This is backed up by surging revenues in FY2021, with revenue increasing 108.9% to $175.8 million in FY21.

Final remarks

While lithium shares remained exposed to the cyclic nature of mining, Spencer forecasts positive prices for years to come.

Specifically, the analyst expects spodumene prices to hold above US$900 per tonne until FY2026. This is based on the expectation of continued supply deficits as the demand for lithium remains elevated.

The post Is the party only just getting started for ASX lithium shares? appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler owns shares in Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended BMW. The Motley Fool Australia has recommended BMW. 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 Qube Holdings Ltd (ASX: QUB) share price is in the red today following its 4.7% gain yesterday.

Yesterday, the export and logistics service provider announced it is to acquire the Newcastle Agri Terminal.

While the market initially responded positively to the news, it has seemingly backflipped today.

Right now, the Qube share price is $3.31, 3.22% lower than its closing price yesterday.

Let’s take a closer look at this week’s news from Qube.

Qube’s new acquisition

The Qube share price has had a turbulent time on the ASX this week following news of the company’s latest acquisition.

Yesterday, the company announced it will be acquiring the Newcastle Agri Terminal for $90 million. The terminal is a grain exporting hub.

According to Qube, it’s positioned to take advantage of northern New South Wales’ grain production, which sees 4.8 million tonnes of grain produced in an average year.

The facility comes with around 60,000 tonnes of silo storage, modern rail receival infrastructure, road discharge facilities, and the capability to load 2,000 tonnes of grain per hour.

The $90 million needed for the acquisition will come from Qube’s currently undrawn debt facility.

The transaction is expected to be completed by the end of this month.

Commentary from management

Qube’s managing director Paul Digney commented on the news sending the company’s share price loopy this week, saying:

The acquisition of [Newcastle Agri Terminal] will further strengthen Qube Agri export bulk service offering to growers and traders the ability to now ship from Newcastle…

The addition of this quality asset to the Qube Agri capability will ensure customers in the northern draw zone can benefit from an efficient export terminal.

Qube share price snapshot

Despite today’s dip, the Qube share price has been performing well on the ASX lately.

It has gained 10% year to date. It is also currently 25% higher than it was this time last year.

The post The Qube (ASX:QUB) share price is on a rollercoaster this week 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 Macquarie Group Ltd (ASX: MQG) share price has been very impressive over the medium to long term.

Over the past 5 years, shares in the bank have appreciated a whopping 120% to their current price of $177.47 a unit. The next closest big bank, Commonwealth Bank of Australia (ASX: CBA), is up 43% over the same timeframe.

No other major bank cracks even a 10% value gain over the past 5 years.

If you’re an investor who came in a little late to the game, say 1 year ago, then the CBA share price would be your friend. In 12 months, shares in Australia’s biggest bank are up 52% while the Macquarie share price is 40% higher. For context, the S&P/ASX 200 Index (ASX: XJO) is 39% higher over 5 years and up 26% in 1 year.

It should also be noted that when the COVID-induced market crash of March 2020 occurred, CBA and Macquarie lost all of the gains they had made over the course of years in a matter of days.

Since then, the value of both companies has exceeded their pre-pandemic levels. Therefore, it would be more meaningful to focus on developments that have occurred since last year’s market crash.

What affected the Macquarie share price?

When Macquarie released a third-quarter update in February this year, the Macquarie share price rocketed 7% in a single day.

As Motley Fool reported, for the three months ended 31 December, Macquarie Group experienced improved trading conditions. At the time, the company said the combined third-quarter net profit contribution from its annuity-style businesses was up on the prior corresponding period (pcp).

Yesterday, the Macquarie share price gained a further 6% when the group released an update on its short-term prospects.

The company advised that it expected results for the first half of FY22 to be “slightly down” on the second half of FY21. Macquarie said stiffer competition in the banking sector, rising expenses, and falling commodity returns were to blame.

How about the CBA share price?

When CBA released its first-quarter update for FY21 in November last year, the CBA share price skyrocketed 10.7% over the space of 2 weeks.

At the time, CBA revealed a “stronger than expected” cash net profit after tax of $1.8 billion. While it was down on the pcp, the results were better than many analysts had forecast.

Also in that release, CommBank said that by the end of October 2020 there was a net reduction in total loan deferred facilities of 59%, representing a monthly net reduction in deferred balances of about $21 billion. This may have also been a reason for the rising CBA share price at the time.

More recently, the release of the CBA full-year results last month was a boon for shareholders of the company.

Recording a 20% rise in net profits and paying a fully franked dividend of $2.00 per unit, CBA shares were very popular that day. The company also announced a $6 billion off-market share buyback to return further capital to shareholders.

What’s next for the Macquarie share price?

As Motley Fool has previously reported, brokers at Goldman Sachs, while fans of the company, aren’t fans of its valuation.

Goldman Sachs analysts have given Macquarie a neutral rating. They think fair value is about $171 per share. They believe the Macquarie share price may have peaked for the time being.

However, The Australian newspaper is reporting today that some analysts believe Macquarie will become only the third company in ASX history, after CSL Limited (ASX: CSL) and Cochlear Limited (ASX: COH), to crack the $200 per share mark.

Quoted in the national broadsheet, Cadence Capital’s managing director Karl Siegling said:

As long as they sustain it (earnings) they can grow into a new valuation, and that’s what’s happening.

These guys just keep on keeping on and they just keep delivering, and it’s just a matter of time (before the share price hits $200).

Foolish takeaway

All in all, it seems to be a profitable time for long-term investors of either CBA or Macquarie Group.

While the Macquarie share price does have the upper hand, this analysis does not take into account the impact of dividends and their franking percentages. For some investors, this may be more important than just the share price.

The post The Macquarie (ASX:MQG) share price has gained 3 times that of CBA over 5 years appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended 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 Cettire Ltd (ASX: CTT) share price is backtracking during early afternoon trade. This comes as the online retailer announced that one of its board members has sold a parcel of the company’s shares.

At the time of writing, Cettire shares are swapping hands for $3.41 a pop, down 6.32%. In comparison, the All Ordinaries Index (ASX: XAO) has also fallen to 7,719 points, a drop of 1.13%.

Non-executive director selling

The Cettire share price is falling following an announcement by the company today.

According to the release, Cettire non-executive director Bruce Rathie executed an on-market trade on 2 September.

Rathie’s New South Wales-based private company, Nestegg No 1, disposed of 200,000 ordinary shares at a price of $2.55 apiece. The sale accounts for around 20% of Rathie’s portfolio in Cettire.

As a result, Rathie now holds a total of 810,000 shares, comprising of 10,000 shares in direct interest. The remaining shares are through two indirect companies, Katrat Investments and Rathie Super, each holding 400,000 shares.

Interestingly, the sale comes after the company revealed it beat its FY21 prospectus forecast and upgraded guidance.

Cettire founder and CEO Dean Mintz commented on the full-year results:

It has been an exceptional year for Cettire, with the company rapidly growing. I am particularly proud of the substantial increase in active customers, very strong revenue growth, robust product margins and the increasing proportion of revenues from repeat customers.

The achievements over the past 12 months, both operationally and financially, demonstrate the traction we have with consumers, the scalability of our business model and the benefits of our proprietary technology platform.

The positive news led the Cettire share price to reach an all-time high of $3.68 yesterday.

Cettire share price snapshot

Despite today’s fall, Cettire shares have accelerated by almost 600% in the past year, and are up 640% year-to-date.

Based on today’s price, Cettire presides a market capitalisation of around $1.3 billion, with approximately 381 million shares on issue.

The post Why the Cettire (ASX:CTT) share price is slumping 5% today appeared first on The Motley Fool Australia.

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• Cettire (ASX:CTT) share price slumps despite revenue quadrupling

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 Cettire Limited. The Motley Fool Australia has recommended Cettire 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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