The Ioupay Ltd (ASX: IOU) share price was having a reasonable day on the markets until it dropped into the red in the closing few minutes of trading. Ioupay shares closed 1.6% lower at 30.55 cents a share. That compares to the S&P/ASX 200 Index (ASX: XJO), which is up 0.15%.

But if we zoom out a little, Ioupay’s performance starts to make the ASX 200 look a little impotent by comparison. For starters, the Ioupay share price is up 5% over just the past week. Year to date, investors have enjoyed gains of 87%. And over the past 12 months, Ioupay shares are up a staggering 4,257%.

That would turn a $1,000 investment into approximately $42,570. That comes from the minuscule share price of half a cent that Ioupay was trading for around this time last year.

However, there’s one more, and far larger, number to keep in mind. If you have been following this relatively new ASX buy now, pay later (BNPL) share for a while, you might remember it had a spectacular run back in February.

Between 9 February and 15 February, the Ioupay share price climbed a massive 256% and went as high as 85 cents. That puts the gains that Ioupay enjoyed between 9 June 2020 and 15 February 2021 at more than 8,000%.

But it’s not all good news for investors. Anyone who bought in at those February peaks would currently be down more than 61% on their investment.

So what’s new over at Ioupay?

Well, not a whole lot, at least recently. The company has made no new announcements or released any news since 14 May. However, the company did have a positive announcement earlier that month.

As we covered at the time, Ioupay announced on 5 May that it had inked a deal with the Southeast Asian payments company RMS Reloads. This deal will allow Ioupay customers to use BNPL payments over RMS Reloads’ 10,000 strong merchant network across Malaysia. This announcement sent Ioupay shares up as high as 9% when it was made public.

At its current share price, Ioupay has a market capitalisation of around $173 million and a price-to-earnings (P/E) ratio of 65.7.

The post The IOUpay (ASX:IOU) share price is up 4,000% in the past year appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen 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 WiseTech Global Ltd (ASX: WTC) share price was among the best performers on the S&P/ASX 200 Index (ASX: XJO) on Tuesday.

The logistics solutions platform provider’s shares ended the day 6% higher at $31.15.

Why did the WiseTech share price zoom higher?

Investors were buying WiseTech’s shares on Tuesday following the release of a positive broker note out of Macquarie Group Ltd (ASX: WTC).

According to the note, the broker has retained its buy rating and $34.00 price target on the company’s shares.

Based on the latest WiseTech share price, this implies potential upside of over 9% even after taking into account today’s gain.

What did Macquarie say?

Macquarie has been reviewing its expectations for FY 2021 and believes WiseTech is well-placed to outperform its guidance. This is despite softer container volumes during the month of April.

WiseTech’s FY 2021 guidance is for revenue of $470 million to $510 million (up 9% to 19%) and EBITDA of $165 million to $190 million (up 30% to 50%). Macquarie feels the company can beat this and deliver a result ahead of the market consensus.

Is anyone else positive on WiseTech?

Macquarie isn’t the only broker that is positive on WiseTech. Morgan Stanley recently put an overweight rating and $35.00 price target on the company’s shares.

While WiseTech may have paused its acquisition strategy, it believes the market is underestimating the upside to WiseTech’s revenues from its freight forwarder customers growing via their own M&A activities.

Morgan Stanley notes that DSV’s recent acquisition of Agility Global Integrated Logistics could lead to more users for WiseTech and higher transaction modules.

Elsewhere, Bell Potter currently has a hold rating and $31.50 price target on its shares. Though, it also acknowledges that there is upside risk to the company’s guidance.

Bell Potter also highlights that WiseTech’s CEO has been selling shares. It sees this as a positive, as it does not believe he would be selling if its result was going to fall short of expectations.

The post Why the WiseTech (ASX:WTC) share price stormed 6% higher today appeared first on The Motley Fool Australia.

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James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended WiseTech Global. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited and WiseTech Global. 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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Most weeks, Commonwealth Bank of Australia (ASX: CBA)’s CommSec share trading platform tells us the most popular international shares (usually just US shares) that its Australian customer base was looking at the previous week.

CommSec is one of the largest share trading platforms on the ASX. Because of this, its data can give us a window into what is interesting to Aussie investors on the US markets right now.

My Fool colleague James Mickleboro has already covered some CommSec’s ASX’s most popular shares today. So here are the top 10 international shares that CommSec users were buying and selling last week. This week’s data covers 31 May to 4 June.

AMC and ‘meme stocks’ still dominate ASX investors attention

1. AMC Entertainment Holdings Inc (NYSE: AMC) – representing 10.2% of total trades with a 66%/34% buy-to-sell ratio.
2. GameStop Corp. (NYSE: GME) – representing 4.7% of total trades with a 78%/22% buy-to-sell ratio.
3. Tesla Inc (NASDAQ: TSLA) – representing 4.6% of total trades with a 72%/28% buy-to-sell ratio.
4. BlackBerry Ltd (NYSE: BB) – representing 1.3% of total trades with a 72%/28% buy-to-sell ratio.
5. Apple Inc (NASDAQ: AAPL) – representing 2.6% of total trades with a 76%/24% buy-to-sell ratio.
6. Nio Inc. (NYSE: NIO)
7. Palantir Technologies Inc (NYSE: PLTR)
8. Sundial Growers Inc (NASDAQ: SNDL)
9. Microsoft Corporation (NASDAQ: MSFT)
10. Alibaba Group Holding Ltd (NYSE: BABA)

What can we learn from these trades?

Last week, we discussed how cinema chain AMC had finally displaced the long-running king of this pile – Tesla. Well, ASX investors seemed to have doubled down on that change. AMC shares dominated ASX investors’ attention last week, representing a whopping 10.2% of all US share trades. For comparison, last week, AC made up 6.2% of all trades.

AMC is the latest so-called ‘meme stocks’, delivering a massive 544% gain between 3 May and 2 June. Since 66% of trades last week were buys, we can possibly assume that many investors think that this run isn’t over yet.

In other news, another meme stock in BlackBerry (yes, the BlackBerry phone maker) also burst onto ASX investors’ minds last week. BlackBerry spiked in value back in February amid the first GameStop saga. But it’s also been resurging lately with an 83.6% gain since 25 May. We saw an even stronger buying bias with this one, so again, we can probably assume there are still some ASX investors attempting to jump on this rain

Other than that, we see many familiar faces this week. GameStop and Tesla both remain popular, as does Apple and Chinese Tesla-rival Nio. A newcomer though is Canadian cannabis stock, Sundial Growers. According to our US Fool colleagues, Sundial is yet another candidate for the latest meme stock. Its shares rose almost 80% between 24 May and 3 June. It seems ASX investors have followed their International counterparts in chasing this cannabis company higher.

The post Here are the US shares ASX investors were buying last week appeared first on The Motley Fool Australia.

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Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen owns shares of Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Alibaba Group Holding Ltd., Apple, Microsoft, NIO Inc., Palantir Technologies Inc., and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Apple. 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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Motley Fool Australia Chief Investment Officer Scott Phillips joined Nine’s Late News on Monday night to discuss the economic news of the day, including two big takeover offers — Hansen Technologies Limited (ASX: HSN) and Altium Limited (ASX: ALU) — Australian credit card spending, and the decision by Standard & Poors to lift our national credit rating outlook from ‘negative’ to ‘stable’.

The post Takeovers, credit cards and an AAA credit rating confirmation. Motley Fool CIO Scott Phillips on Nine’s Late News appeared first on The Motley Fool Australia.

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Motley Fool contributor Scott Phillips 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 Hansen Technologies. The Motley Fool Australia owns shares of and has recommended Altium. The Motley Fool Australia has recommended Hansen Technologies. 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 Evolve Education Group Ltd (ASX: EVO) share price dipped lower today. This follows the childcare company’s trading update and earnings guidance for FY21 and FY22.

At today’s market close, the Evolve share price finished at 83 cents, down by 2.92%.

Trading update

In today’s release, Evolve announced it’s achieved a mixed performance across its Australian and New Zealand markets.

For the week ending 23 May, Evolve said its Australian operations were robust. New South Wales and Victoria achieved occupancy rates of 87.8%, with more than 80% in Queensland. The company explained that’s a positive result given the business usually records a better performance in the second half.

Across the Tasman, New Zealand has failed to increase occupancy rates post COVID-19. Over the same time period, occupancy rates in NZ stood at roughly 70%.

Evolve has blamed teacher shortages for the performance due to the lengthy international border closures. It said the entire Early Childhood Education (ECE) sector had been affected but it believed this would self-correct when borders re-opened.

Currently, Evolve operates 115 early education centres in New Zealand and 20 in Australia.

On a positive note, the company expects to continue achieving material cost savings through streamlining its centre-based and support office costs.

Evolve declared a cash balance of around NZ$48 million (A$44.7 million) at the end of May.

Guidance for FY21 and FY22

Looking ahead, Evolve provided an earnings guidance based on current market conditions in Australia and New Zealand.

For the year ending 31 December 2021 (FY21), Evolve expects underlying earnings before interest, tax, depreciation and amortisation (EBITDA) to be between NZ$16 million (A$14.9 million) and NZ$18.5 million (A$17.2 million).

In the year ahead, ending 31 December 2022 (FY22), EBITDA is forecast to be around NZ$23 million (A$21.4 million) and NZ$25 million (A$23.2 million).

Evolve share price summary

It’s been a disappointing 12 months for Evolve investors, with the company’s shares down slightly on this time last year. When comparing year to date performance, the Evolve share price has fallen by more than 30%.

Evolve has a market capitalisation of roughly $140 million, with approximately 159.5 million shares on its registry.

The post Evolve (ASX:EVO) share price dips lower on trading update 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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Boral Limited (ASX: BLD) is among the 10 best performers of the S&P/ASX 200 Index (ASX: XJO) so far this year. At the time of writing, the Boral share price is $6.85.

Despite having a bad day on the ASX today – it’s currently down 1.01% – the Boral share price has gained 37.8% since the start of 2021.

Let’s look at what the company has been up to for the first half of the year.

2021 so far for Boral

Boral’s half-year results

The first time we heard from Boral this year was in February, when the company released its results for the first half of the 2021 financial year.

On the day of its results being shared, the Boral share price ended the day 1.9% lower than its previous close.

The six months ended 30 December 2020 saw Boral Australia’s revenue fall by 8%. In the same time period, Boral North America experienced a 9% revenue decline. Further weighing on its share price that day was the company’s decision to not offer its investors a dividend.

Joint venture sale and on-market buy-back

On 1 April, Boral announced it was to sell its share in the USG Boral joint venture and commence an on-market share buy-back.

The sale expected to see Boral walking away with around $300 million less debt and $1 billion to reinvest in the business and to return to its shareholders.  

The on-market buy-back would see Boral purchasing up to 10% of its outstanding shares over a 12-month period. The share buy-back began on 20 April.

The news boosted the Boral share price to close 6.7% higher that day.

Also in April was Boral’s announcement of potential changes to the management of its North American fly ash business. These changes could involve Boral entering into a joint venture, a strategic alliance, divesting the business to a third party, or continuing its ownership unchanged. News of the potential business changes boosted the company’s shares to close 0.5% higher.

Takeover bid

Finally, on 10 May, Seven Group Holdings Ltd (ASX: SVW) proposed to acquire all of Boral’s shares for $6.50 apiece.

The proposed price was a nil-premium on the Boral share price’s previous close. It valued Boral at around $8 million.

At the time, The Motley Fool Australia reported the offer was likely an attempt to evade ‘creep rules’. In this instance, creep rules meant the group couldn’t increase its holdings in Boral without making a takeover offer.

Seven Group claimed it would have been happy to increase its holdings in Boral from 23.2% to 30%.

Boral recommended its shareholders reject the bid the day after Seven Group offered it.

Over the 2 days the bid was in motion, the Boral share price gained 4.6%.

Boral share price snapshot

It goes without saying that, so far, 2021 has been a good year for the Boral share price.

Additionally, the last 12 months have seen it gain an impressive 79%.

However, while Boral’s performance this year has been great, it’s a long way off being the top ASX 200 performer in 2021.

Currently, Virgin Money UK CDI (ASX: VUK) is leading the ASX 200, having gained 62% since the start of 2021. In second place by a slither is Codan Limited (ASX: CDA), which has gained 61% in the same time frame.

The post Boral (ASX:BLD) share price among the ASX 200’s top performers of 2021 appeared first on The Motley Fool Australia.

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• Is the ASX 200’s stellar 2021 performance normal?

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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If you’re searching for growth shares to buy, then the tech sector could be a great place to search. At this side of the market there are a number of companies with the potential to grow significantly over the next decade.

With that in mind, I have picked out two top tech options that are rated highly. Here’s what you need to know about them:

Nitro Software Ltd (ASX: NTO)

The first ASX tech share to look at is Nitro Software. It is a software company that is aiming to drive digital transformation in organisations around the world with its Nitro Productivity Suite.

The Nitro Productivity Suite provides integrated PDF productivity and electronic signature tools to customers through a horizontal, software-as-a-service, and desktop-based software solution. Demand has been very strong for the product from businesses of all sizes. This has led to the company’s recurring revenue growing at a rapid rate in recent years.

This certainly was the case in FY 2020. For the 12 months ended 31 December, Nitro reported a 64% increase in annualised recurring revenue (ARR) to $27.7 million.

Positively, management appears confident this strong grow will continue in FY 2021. It is guiding to ARR in the range of $39 million to $42 million. This will mean year on year growth of 41% to 51.6%. This is still well short of its total addressable market which is estimated to be $28 billion.

Morgan Stanley is positive on the company. It has an overweight rating and $3.70 price target on the company’s shares.

Xero Limited (ASX: XRO)

Another ASX tech share to look at is Xero. It has also been growing at a rapid rate in recent years. This has been driven by the shift to the cloud and its successful evolution from a pure accounting platform provider into a full-service business and accounting solution to small and medium sized businesses globally.

The good news is that Xero is still only scratching at the surface of its overall market opportunity. In FY 2021, the company reported an 18% increase in revenue to NZ$848.8 million, which was driven by a 20% increase in subscribers to 2.74 million. This compares to the cloud accounting subscriber total addressable market of 45 million.

Goldman Sachs is very positive on Xero’s future. Thanks to its international expansion, the shift to the cloud, and the monetisation of its app ecosystem, it believes the company could have a multi-decade runway for strong revenue growth.

Goldman has a buy rating and $153.00 price target on its shares.

The post 2 excellent ASX tech shares named as buys appeared first on The Motley Fool Australia.

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James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Xero. The Motley Fool Australia owns shares of and has recommended Xero. The Motley Fool Australia has recommended Nitro Software Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Australia’s leading investment platform provider CommSec has released data on the most traded ASX shares on its platform from last week.

Here’s the data:

Zip Co Ltd (ASX: Z1P)

This buy now pay later provider’s shares were the most traded on the CommSec platform last week, accounting for 1.9% of trades. And although 57% of the volume came from the buy side, it wasn’t enough to stop the Zip share price from falling 3.1% over the five days. This reversed the gains the company’s shares made a week earlier after announcing its expansion into Europe and the Middle East.

BetMakers Technology Group Ltd (ASX: BET)

This betting technology company’s shares were popular last week. They were attributable to 1.6% of trades on the platform, with almost two-thirds of the volume coming from buyers. Unfortunately, this couldn’t stop the BetMakers share price from crashing 22% lower during the week. Concerns over its $4 billion takeover approach for the Tabcorp Holdings Limited (ASX: TAH) Wager and Media business have been weighing on its shares.

Betashares Nasdaq 100 ETF (ASX: NDQ)

Investors were buying this popular ETF again last week. The Betashares Nasdaq 100 ETF accounted for 1.5% of trades on CommSec, with 81% coming from buyers. The technology-focused ETF traded broadly flat during the five days but is up over 6% year to date.

Nuix Ltd (ASX: NXL)

This investigative analytics company’s shares were heavily traded last week, accounting for 1.3% of trades on the platform. And despite buyers being responsible for 77% of the volume, they couldn’t prevent the Nuix share price from sinking 23% during the week. The Nuix share price was sold off after it downgraded its guidance once again. Nuix shares have lost two-thirds of their value in 2021.

BetaShares Global Sustainability Leaders ETF (ASX: ETHI)

Finally, this ethical investment focused ETF was in demand with investors last week. Its unit were attributable to 1.2% of trades on CommSec. A massive 84% of these trades came from buyers, helping to drive the ETF up 1% for the week.

The post BetMakers and Zip were among the most traded ASX shares last week appeared first on The Motley Fool Australia.

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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 BETANASDAQ ETF UNITS, Betmakers Technology Group Ltd, and ZIPCOLTD FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Nuix Pty Ltd. The Motley Fool Australia owns shares of and has recommended BETANASDAQ ETF UNITS. The Motley Fool Australia has recommended Betmakers Technology Group Ltd and Nuix Pty 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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The iCar Asia Ltd (ASX: ICQ) share price is having a woeful day on the ASX today. This comes after the company provided investors with its Annual General Meeting (AGM) presentation.

At the time of writing, the car listings company’s shares are down 6.15% to 30.5 cents.

Key highlights in the AGM presentation

In its announcement, iCar Asia highlighted the growing market of the Association of Southeast Asian Nations (ASEAN).

According to the ASEAN Automotive Freedom 2020 Statistics, ASEAN is the fifth largest car transaction market in the world. This is followed by China, the United States, Japan, and Germany.

Pleasingly, iCar Asia’s market comprises the three biggest ASEAN countries, namely Thailand, Indonesia, Malaysia. The trio alone represents 73% of the company’s entire transactions in its operating markets. Furthermore, iCar Asia is considered the number one network of automotive shopping portals across the South East Asian nations.

Group average monthly revenue increased up by 37% from January to April 2021 when compared against the prior corresponding period. This resulted in achieving revenue of $5.8 million. The improved performance was attributed to the car trading business in Malaysia, predominately its used car segment.

While sales jumped in the double digits, management focused on keeping costs down with operating expenses at $7 million. iCar Asia noted that costs are still higher than revenue due to the lingering impact of COVID-19, particularly affecting Indonesia. Expenses rose 9% over the first 4 months of 2021 against the prior comparable time frame.

A possible catalyst for iCar Asia shares falling today is its earnings before interest, tax, depreciation and amortisation (EBITDA) metric. EBITDA sank 34% to a loss of 2.7 million against FY20’s January to April period which saw a loss of $1.8 million. The EBITDA margin also plummeted to 65% in 2021, a drop of 51% between the two timeframes.

To address the disappointing Indonesian performance, the company is running cross-promotion of new car clients. In addition, iCar Asia launched its iCar Suite in Q4 FY20 as a key subscription revenue driver.

iCar Asia share price snapshot

Over the course of the last 12 months, iCar Asia shares have been volatile moving in large swings. The company’s shares reached a 52-week high of 45 cents, before continuing to decline as low as 23 cents recently. Year-to-date share price performance is down roughly 20%.

On valuation grounds, iCar Asia presides a market capitalisation of about $133 million, with more than 436 million shares outstanding.

The post iCar Asia (ASX:ICQ) share price tumbles 6% on AGM Presentation 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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ASX mining shares have been on a tear this year and bargain hunters will need to look elsewhere for value buys.

The surge in commodity prices to multi-year, if not record highs, recently have put ASX miners on the winners’ podium.

Notwithstanding the recent bout of weakness, ASX mining shares dominate the S&P/ASX 200 Index (Index:^AXJO) leader board for FY21.

These include the Chalice Mining Ltd (ASX: CHN) share price, Paladin Energy Ltd (ASX: PDN) share price and Galaxy Resources Limited (ASX: GXY) share price – just to name a few. These shares have surged by at least 300% this financial year.

ASX value buys lie just outside the mining sector

After such a big run-up for the sector, investors may have to look elsewhere for value buys. The good news is that Jarden knows exactly where you should be looking.

The broker believes that service and equipment providers to miners are undervalued as many have failed to keep pace with commodity bull run.

Discount to asset value not justified

“Concerns around the earnings and margin outlook for the Mining & Infrastructure Services companies have made some investors overly cautious in our view,” said Jarden.

“Share prices of the Mining & Infrastructure Services companies are currently trading well below what we view as the equivalent stage in the prior cycle, as determined by their relative valuation to their NTA backing.”

Net tangible assets compares the value of a company’s hard assets with its market capitalisation. Jarden believes that the discount to NTA for ASX mining services shares is not justified as there are no major differences in the earnings power of their asset base this time.

Best ASX value buys

What’s more, industry conditions are currently very supportive of the sector. Capex spend is trending higher, exploration activity is ramping up and commodity prices are stubbornly high.

The best value buys on the NTA measure are the Emeco Holdings Limited (ASX: EHL) share price and Macmahon Holdings Limited (ASX: MAH) share price, according to Jarden.

The Emeco share price is trading at a 13% discount and Macmahon share price is at a 28% discount.

While the Monadelphous Group Limited (ASX: MND) share price and NRW Holdings Limited (ASX: NWH) share price are at a premium, they are trading below their respective historical averages.

Risk-reward favours the bulls

NTA isn’t always a good yardstick for ASX shares. In this case though, it works well as mining services companies have to invest heavily in equipment.

“We are positive on the outlook for the sector, despite near-term risks to margins in FY21E from higher labour inflation,” added Jarden.

“Despite this, we think the ability to purchase many of these companies at discounts to NTA or discounts relative to historical averages provides ideal risk/reward at this point in the cycle.”

The broker has a “buy” or “overweight” recommendation on all the four shares listed above.

The post Best ASX value buys for the commodities supercycle appeared first on The Motley Fool Australia.

More reading

• A big week of data — and high hopes for the ASX. Motley Fool CIO Scott Phillips on Nine’s Late News
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• 2 ASX shares that brokers reckon might be dividend traps
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Brendon Lau owns shares of Galaxy Resources Limited, Emeco Holdings Limited and Monadelphous Group Limited. Connect with me on Twitter @brenlau.

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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