The Platinum Asset Management Ltd (ASX: PTM) share price is sinking on Tuesday.

In morning trade, the fund manager’s shares are down a sizeable 7.5% to $4.25.

Why is the Platinum Asset Management share price sinking?

Investors have been selling down the Platinum share price today in response to its latest funds under management (FUM) update.

According to the release, Platinum’s FUM fell 4.8% month on month to $23,523 million at the end of June.

This was driven by net outflows of approximately $167 million and the impact of its cash distribution to unit holders of $1,380 million, which was offset slightly by a distribution re-investment of $383 million.

Performance fees update

Also weighing on the Platinum share price was the release of an update on its estimated performance fees for the 12 months ended 30 June.

The release explains that Platinum is entitled to estimated performance fees of approximately $4 million for the year ended 30 June 2021. This comprises performance fees of $3.7 million for the first half and performance fees of just $0.3 million for the second half of FY 2021.

This represents a 56% reduction on the performance fees of $9.1 million the company recorded in FY 2020.

Broker response

A broker note out of Credit Suisse this morning also appears to have put pressure on the Platinum share price.

According to the note, the broker has retained its underperform rating and cut the price target on its shares to $4.50.

Credit Suisse notes that Platinum has now experienced 30 months of outflows. It also appears to believe this negative trend could continue due to the fund manager’s exposure to legacy investment platforms. It fears disruption and switching in the platform industry could have a large impact on its FUM.

The post Why the Platinum (ASX:PTM) share price is sinking 7.5% on Tuesday appeared first on The Motley Fool Australia.

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• Why the Nearmap (ASX:NEA) share price has risen 10% this morning
• 3 great reasons to buy Netflix
• Why the Alumina (ASX:AWC) share price is down 9% in a month
• Youfoodz (ASX:YFZ) share price rockets 80% after HelloFresh takeover offer
• PolyNovo (ASX:PNV) share price jumps 8% on strong update

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 Nearmap Ltd (ASX: NEA) share price is up 10% in early morning trade. It coincides with the aerial mapping technology company releasing its FY21 preliminary full-year results.

At the time of writing, the Nearmap share price is $2.19, up 10.33% on yesterday’s close. However, it’s still 6.4% lower than its price one year ago.

Let’s review the latest announcement from the company.

Nearmap share price on the move

Surpassing upgrading guidance

Investors are jumping on Nearmap shares this morning following the release of its preliminary/unaudited results for FY21.

According to the company’s release, the annual contract value (ACV) is expected to finish at $133.8 million on a constant currency basis for FY21. This would represent 26% growth compared to the prior corresponding period.

Additionally, this result surpasses the company’s previously upgraded guidance of $128 million to $132 million. The growth in ACV has been underpinned by record performance in the United States.   

While Australia and New Zealand is still Nearmap’s largest market within its ACV portfolio, the US accounted for the majority of growth during FY21.

Moreover, Australia and New Zealand provide $69.1 million in ACV versus the US’s US$44.5 million. However, growth in FY21 consisted of US$15.6 million from the US and $4.6 million locally.

Chief Executive Officer and Managing Director Dr Rob Newman said:

FY21 has been an unprecedented year with record performance delivered in a challenging economic environment. The strong growth from new and existing customers across our core industry verticals validates our refined go-to-market strategy in North America and gives us good momentum going into FY22. Given strong customer demand, we will expand our coverage footprint in the United States in FY22, delivering even more content and value for our customers

Meanwhile, the company’s cash levels at the end of June were $123.4 million.

HyperCamera3 and court proceedings

Nearmap has also revealed it has completed the design of its next-generation proprietary camera system, HyperCamera3.

The company has successfully trialled the system through a test flight and processed the captured content. Importantly, Nearmap has filed patent applications for the system in national and international markets.

This leads to the company’s update on patent infringement claims levelled by Eagle View Technologies Inc and Pictometry International Corp.

In the wake of the allegations, Nearmap has engaged patent litigators to represent the company against the claims. The Nearmap share price suffered a 16% fall when the allegations were first made known.

The company maintains the allegations are without merit and is well prepared to defend against the claims.

The post Why the Nearmap (ASX:NEA) share price has risen 10% this morning appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler 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 Nearmap Ltd. The Motley Fool Australia owns shares of and has recommended Nearmap Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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

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

With a stock price that has soared greater than 450% over the past five years, Netflix (NASDAQ: NFLX), the leader in streaming entertainment, has been a big winner for investors. Co-founder and co-CEO Reed Hastings was convinced many years ago that traditional cable television would cease to be the primary form of video media consumption, and he steered his company to spearhead this movement. 

Some might be wondering whether the market-beating returns from the Los Gatos, California, company are a thing of the past. I’m here to tell you to think again. 

Here are three great reasons to buy Netflix today. 

1. It has a big first-mover advantage

It seems like the list of streaming service providers grows longer each day. Options like Disney+, Prime Video, HBO Max, and Peacock are also vying for consumers’ attention, but they all lack Netflix’s first-mover advantage. This gives it a key edge that it will continue benefiting from. 

Hastings’ foresight led to his company strategically borrowing capital in order to fund its growth, focusing on creating original content. He knew that once the company reached a certain size, it would be hard for rivals to compete. 

Today, Netflix has 208 million subscribers worldwide, more than any of its competitors. And even more crucial is the fact that the company’s massive content budget ($17 billion in 2021) can be spread out over these customers, making it far more economical than newer entrants that have much fewer subscribers. 

The recently announced tie-up of AT&T‘s WarnerMedia with Discovery Communications is a clear example of smaller players trying to keep up. In order to be one of the winners in the streaming wars, it’s absolutely necessary for a business to have scale. Netflix is far ahead in this category 

2. It’s a leader in content

Another reason Netflix is a good buy is quite simple: It offers consumers a fantastic product. 

Management has a razor-sharp focus on constantly improving the service. The company announced a price increase last October, and membership engagement (up) and churn (down) actually improved in the most recent quarter compared to the first quarter of 2020. Viewers see the inherent value and have no issue paying up for it. 

Netflix is now a force to be reckoned with when it comes to content production. This year, it nabbed an impressive 35 Oscar nominations, far more than any other studio. What’s more, its shows are starting to have major cultural relevance. 

For example, The Queen’s Gambit, released in October, became Netflix’s biggest limited series ever. And it led to a heightened interest in the game of chess, significantly boosting sales of chess sets following the show’s release. 

The French-language series Lupin, watched by 76 million member households in the first 28 days, spurred sales of the book it was based on, shooting it up Amazon‘s best-seller list. By the way, the book was written in 1907! 

A deal with Amblin Partners, Steven Spielberg’s production company, will only bolster Netflix’s prowess at content creation. The legendary director and his firm will produce multiple feature films for Netflix over the coming years. 

3. It has ample new revenue opportunities

And lastly, Netflix’s valuable intellectual property has afforded it the ability to seek out new revenue sources. This is a positive for investors, as it demonstrates the optionality the business possesses. 

In May, it was rumored that the company was looking to hire a video gaming executive, with ambitions to enter this entertainment category, possibly in 2022. Potentially mimicking a subscription service like Apple Arcade, Netflix wants to drive more interaction with its customers. 

It also launched an online store, netflix.shop, to sell high-quality and limited-edition merchandise based on its popular shows and movies. The company plans to work with up-and-coming designers, with the goal being to allow its subscribers to connect more with their favorite stories. 

Don’t expect this to be a meaningful driver of revenue, though. It does benefit Netflix by giving its viewers more chances to interact and engage with the business, which is the most important thing. 

Netflix has long been a winning stock, and the three reasons I outlined above should propel the company even further over the next decade as it continues its dominance of the burgeoning streaming industry. 

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

The post 3 great reasons to buy Netflix appeared first on The Motley Fool Australia.

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Neil Patel owns shares of Amazon and Apple. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Amazon, Apple, and Netflix. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2022 $1,920 calls on Amazon, long March 2023 $120 calls on Apple, short January 2022 $1,940 calls on Amazon, and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Amazon, Apple, and Netflix. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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

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The Alumina Limited (ASX: AWC) share price has had a choppy walk through this year, coming off a high of $1.96 back in January.

Alumina shares are currently trading at $1.59, an almost 9% down-step from this time last month.

While there has been no market-sensitive news for the company this month, let’s take a closer look at what Alumina has been up to lately.

But first, what is Alumina?

Alumina is a resources company that has keen interests in the mining of bauxite, alumina refining and aluminium smelting.

The company has a 40% ownership of Alcoa World Alumina and Chemicals (AWAC) which stands on the podium as the largest alumina company in the western parts of the globe.

Alumina is a part of the S&P/ASX 200 Index (ASX: XJO) and has a market capitalisation of around $4.5 billion at the time of writing.

What has Alumina been up to lately?

On 16 June 2021, Alumina gave its presentation to the CRU World Aluminium Conference Series.

In the presentation, the company outlined several challenges it faces to its export operations, including:

• Increases to production costs for alumina over 2020
• “Abnormally high” freight costs into China that could impact import prices
• No increase in aluminium production for Q3 and Q4 2021.
• Supply and demand expectations for alumina to contract in 2023-24
• Potential end of export into Indonesia by 2023 (depending on state policy there).

Following this presentation, the Alumina share price immediately slid around 6%, dropping from $1.66 to $1.57 in a week.

Investment banking giants Goldman Sachs and JP Morgan also cut their price targets for Alumina shares in late June.

On 22 June, JP Morgan trimmed its price target by 5.6% to $1.70, while Goldman cut its target by 4.8% to $2 on the nose just two days later.

Since these key events, the Alumina share price has tanked almost 9%.

Alumina share price snapshot

This year to date, the Alumina share price has fallen around 14% into the red. This extends the loss over the previous 12 months to around 5%.

The company pays a fully franked dividend of 8 cents per share with a current dividend yield of around 4.8%.

The post Why the Alumina (ASX:AWC) share price is down 9% in a month 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 Youfoodz Holdings Ltd (ASX: YFZ) share price is rocketing higher in morning trade.

At the time of writing, the ready-made meals company’s shares are up a whopping 80% to 92 cents.

Why is the Youfoodz share price rocketing higher?

Investors have been bidding the Youfoodz share price higher this morning after it revealed that it has entered into a scheme implementation deed with meal kit delivery company HelloFresh.

According to the release, this scheme will see HelloFresh acquire 100% of the share capital in Youfoodz for 93 cents per share in cash by way of a scheme of arrangement. This represents a premium of 82% to the Youfoodz share price at yesterday’s close. It is also a 109% premium to the one-month volume weighted average price (VWAP) of 44 cents.

Based on the offer price, this values Youfoods at $125 million, which is down materially from its December IPO valuation of $201.9 million.

The Youfoodz Board unanimously recommends that shareholders vote in favour of the scheme. This is in the absence of a superior proposal and subject to the independent expert’s report. RGT Capital, a holder of 57.4% of Youfoodz shares, intends to vote in favour of the scheme under those same conditions.

Is this a good deal?

While the Nuix Ltd (ASX: NXL) IPO is likely to take the biscuit for the worst IPO of the last 12 months, the Youfoodz IPO could be a close second.

Today’s takeover approach may come at a significant premium to its last close price but is a massive 38% discount to its IPO listing price from just seven months ago.

This means that anyone that invested $10,000 in the Youfoodz IPO in December will see the value of their investment realised at $6,200 if the takeover completes successfully.

The scheme remains subject to customary conditions. These include Youfoodz shareholder approval, Federal Court of Australia approval, and no material adverse change or prescribed occurrences.

The post Youfoodz (ASX:YFZ) share price rockets 80% after HelloFresh takeover offer 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 recommended Nuix Pty Ltd. 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 PolyNovo Ltd (ASX: PNV) share price is charging higher on Tuesday morning.

In early trade, the medical device company’s shares are up 8% to $2.57.

Why is the PolyNovo share price charging higher?

The catalyst for the rise in the PolyNovo share price on Tuesday has been the release of a market update for the fourth quarter and full year of FY 2021.

According to the release, PolyNovo is experiencing increasing revenue momentum in the United States and all other major markets.

In the United States, more than 50% of hospitals are now re-engaging for business. At the same time, the company’s US sales team has been expanded to 36 with 6 new staff trained in the last month. This is expected to allow PolyNovo to expand its geographic footprint and ability to service recently signed Group Purchasing Organisations.

Strong revenue growth in FY 2021

For the three months ended 30 June, US Biodegradable Temporizing Matrix (BTM) revenue came in at a record of US$4.9 million. This led to PolyNovo’s US BTM revenue increasing 49% in US dollars for FY 2021.

Things have been equally positive for the rest of the business, with FY 2021 Distributor revenue coming in 53% higher year on year. This was underpinned by strong increases in the DACH region (Germany, Switzerland, and Austria), further sales in South Africa and India, and good first sales in Finland, Italy, and Taiwan.

Finally, in Australia, its BTM revenue grew 25% in FY 2021 despite challenging COVID lockdowns.

PolyNovo’s Managing Director, Paul Brennan, said: “FY21 has tested our teams with rolling Covid impacts but they responded with dedication and creativity to service customers. We continue to see expansion of sales outside of burns and we have increasing momentum as we head into FY22. I look forward to providing a comprehensive update when we announce our year end result.”

The company’s Chairman, David Williams, is very positive on the year ahead. He added: “I expect FY22 to be very strong financial performance even without a full world-wide recovery from Covid given the current momentum within the business.”

Despite today’s strong gain, the PolyNovo share price is still down 40% in 2021.

The post PolyNovo (ASX:PNV) share price jumps 8% on strong update 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. owns shares of and has recommended POLYNOVO FPO. 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 Webjet Limited (ASX: WEB) share price has dipped since this time last week, despite no news having been released by the company. However, the company may be feeling the pressure as COVID-19 continues to rear its head.

Right now, the Webjet share price is sitting at $4.97. This time last week it was $5.21. That represents a 4.61% fall in just 5 trading days.

Let’s take a look at what might be dragging on the travel company.

COVID-19 hits Australia once more

One possible reason the market has gone cold on Webjet is the resurgence of coronavirus cases in Australia.

The Webjet share price commonly drops when outbreaks and lockdowns occur in Australia’s major cities – as do those of many ASX-listed travel shares.

Right now, Sydney has been in a soft lockdown for nearly 2 and a half weeks.

Sydney documented 112 new infections yesterday, a record number of daily infections for New South Wales.

Additionally, domestic travel was slowed as travellers from Darwin and Alice Springs, much of Queensland, and Perth and Peel were barred from travelling to several states. The areas faced lockdowns recently, but domestic border restrictions for COVID-free areas have largely eased over the last 7 days.

New Zealand also tightened travel restrictions with much of Australia as lockdowns raged.

While it’s been a bad week for the Webjet share price, it’s still 3.11% higher than it was at the end of its first trading day after Sydney entered its 7-day lockdown.

Sydney’s lockdown has since been extended. It’s been pinpointed to end on Friday. However, New South Wales Premier Gladys Berejiklian has said it’s likely to be extended again.  

Webjet share price snapshot

2021 has been tough for the Webjet share price – it’s fallen almost 2% year to date.

Though, it’s still 67.91% higher than it was this time last year.

The company has a market capitalisation of around $1.8 billion, with approximately 379 million shares outstanding.

The post Why the Webjet (ASX:WEB) share price has fallen 5% in a 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 owns shares of and has recommended Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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

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

What happened

Full self-driving is here (kind of), and Tesla (NASDAQ: TSLA) stock is up 3.4% as of 10:55 a.m. EDT.

On midnight Friday, the electric vehicle pioneer began sending out over-the-air software updates upgrading thousands of Tesla owners who had paid in advance for Full Self Driving (FSD) capability to version 9 of the beta feature.

So what

It’s been a long wait. CEO Elon Musk has been promising that Tesla would roll out version 9 since 2018, immediately creating “over a million cars” with essentially autonomous driving capability — so it’s clear why this news has investors excited. Early reviewers of the new software report that “driving visualization” [has received] a massive improvement,” while the verdict on “actual driving behavior” is not yet in.

And many Tesla owners may have to wait a bit longer to take FSD for a spin.

As industry site Electrek reports, the new version of the software relies on Tesla Vision for its guidance, driving based on camera readings rather than a mix of cameras and radar. The company is warning, however, that the software “may do the wrong thing at the worst time,” and that drivers using the feature “must always keep your hands on the wheel and pay extra attention on the road.” While monitoring how the software performs in the real world, therefore, Tesla is limiting the rollout to just “early limited access Beta” distribution — meaning not everyone who has paid for FSD will get it immediately.

Now what

What does it mean for investors? Elon Musk has finally delivered on his promise. As is often the case, he took a bit longer to deliver than initially promised — but as is often also the case, he did eventually deliver.

Now, we need to see if this version was worth the wait. The better the autonomous driving software turns out to be, the more willing folks — who have hesitated up till now to pay $10,000 to buy it — will become. And that will mean more money in Tesla’s pocket, and more profits for Tesla shareholders.

Indeed, if rumors that Tesla is planning to raise the price on FSD to $14,000 turn out to be true, the arrival of FSD could be just the thing needed to keep Tesla’s stock price moving higher.

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

The post Why Tesla stock took off on Monday appeared first on The Motley Fool Australia.

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

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

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The arrival of COVID-19 last year saw many dividend-paying ASX shares reduce their payouts.

Most ASX companies, if they pay a dividend at all, hand out once or twice a year. Very occasionally you might see a stock pay a dividend quarterly.

So 2020 was an unpleasant time for income investors who may be relying on these irregular payments to pay living expenses. If they copped a less-than-expected amount one time, they might’ve had to wait months for another contribution.

When some companies, like the big banks, increased their dividends again this year, those punters will have breathed a sigh of relief.

But did you know there is one ASX stock that’s been paying out dividends every month?

This ASX small-cap is as reliable as the moon

Stocks for accounting and taxation firm Kelly Partners Group Holdings Ltd (ASX: KPG) have been a star performer recently.

The North Sydney company’s share price zoomed up 38% over June, going from $2.46 to $3.40. It closed Monday at $3.20.

Kelly Partners was the Cyan C2G Fund’s best performer of the month.

“We have been long-term investors in the business — since IPO in June 2017 — and believe the stock has been fundamentally undervalued for some time,” Cyan portfolio manager Dean Fergie said in a memo to clients.

“However we’re not entirely sure what has prompted the timing of this recent price spike other than some rumoured offshore buying.”

According to Fergie, Kelly Partners has “a solid business model” playing in an industry that’s very stable and reliable.

But there could be another reason for the recent popularity.

“[It] is one of the only ASX listed companies — to our knowledge at least — that pays a monthly dividend,” said Fergie.

“In an era of almost zero interest rates, this is obviously an attractive investment feature that may well have helped support the recent price activity.”

And indeed, The Motley Fool’s stock profile page confirms Kelly Partners has paid a dividend every month starting last December.

It paid out quarterly prior to that.

It gets better

What’s more, last week the accounting firm announced it would increase the monthly amount.

“We are pleased to announce from July 2021 the company will increase its monthly dividends from 0.33c per share to 0.36c per share, representing an increase of 10%,” its statement to the ASX read.

“Total dividends paid in relation to FY22 is expected to increase from 5.32 cents per share in FY21 to 5.85cps. The company has grown its dividends by 10% per annum for the fifth straight year.”

Kelly Partners’ yield currently stands at 1.45%.

The firm employs more than 250 people who service more than 8,000 small-to-medium business clients.

The post This ASX share up 38% last month pays MONTHLY dividends appeared first on The Motley Fool Australia.

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Motley Fool contributor Tony Yoo 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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With so many growth shares to choose from on the Australian share market, it can be hard to decide which ones to buy over others.

To narrow things down, I have picked out three options that are highly rated to consider:

Altium Limited (ASX: ALU)

The first growth share to look at is Altium. It is a leading printed circuit board (PCB) design software provider. As PCBs are found inside almost all electronic devices, this means Altium is exposed to the explosion of electronic devices globally. This bodes well for its future growth, especially given its clear leadership position in the industry. Credit Suisse remains very positive on the company. The broker currently has an outperform rating and $42.00 price target on its shares.

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

Another option to consider is this ETF which gives investors access to a group of highly promising growth shares in the Asian market. By buying the BetaShares Asia Technology Tigers ETF, investors will be buying a slice of 50 outstanding tech companies that are leading Asia’s technological revolution. Among the companies included in the fund are the likes of Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, & Tencent.

ELMO Software Ltd (ASX: ELO)

A final growth share to look at is ELMO. It is a HR and payroll platform provider that has been growing at a consistently strong rate for years. This has been driven largely by the shift to the cloud, which is underpinning strong demand for its high quality software in the ANZ and UK markets. In addition to this, the company has made a number of bolt-on acquisitions that strengthen its offering and create cross- and up-selling opportunities. This leaves it well-placed to continue winning a share of its significant market opportunity over the next decade. Shaw & Partners is a fan of ELMO. It currently has a buy rating and $9.00 price target on its shares.

The post 3 excellent ASX shares for growth investors in July 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. owns shares of and has recommended Altium and Elmo Software. The Motley Fool Australia owns shares of and has recommended Altium, BetaShares Asia Technology Tigers ETF, and Elmo Software. 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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