If you’re looking for ways to boost your income in retirement, then you might want to look at the shares listed below.

These high quality ASX shares could be great options for retirees. Here’s what you need to know about them:

Sydney Airport Holdings Pty Ltd (ASX: SYD)

The first option to consider for a retirement portfolio is Sydney Airport.

Although the last 12 months have been incredibly hard for the airport operator, things are starting to look a lot more positive now.

With domestic tourism recovering and vaccines rolling out across the world, it may not be long until Sydney Airport’s terminals are packed full of passengers again.

Goldman Sachs is a fan and believes it is worth being patient with the company. The broker currently has a buy rating and $6.73 price target on its shares.

And while the broker is only expecting a very modest dividend in FY 2021, it expects a big increase next year. Goldman estimates that its shares currently offer yields of ~1.5% and ~4.4%, respectively, over the next two years.

Transurban Group (ASX: TCL)

Transurban is a leading toll road operator which owns a collection of important roads in Australia and North America. 

While the pandemic led to a sharp drop in traffic volumes and hit the company hard, volumes are improving and will continue to do so over the next 12 months as vaccines roll out.

In light of increasing traffic, the time-savings its roads offer, and their strong pricing power, Transurban appears to be well-placed for growth over the long term.

One broker that sees a lot of value in the Transurban share price is Ord Minnett. Earlier this week the broker retained its buy rating and $16.00 price target on its shares.

Ord Minnett is forecasting dividends of 37 cents per share in FY 2021 and 58 cents per share in FY 2022. Based on the latest Transurban share price, this equates to yields of 2.7% and 4.2%, respectively, over the next two years.

More reading

• Why the Transurban (ASX:TCL) share price is in focus
• Flight Centre (ASX:FLT) share price falls despite border reopening hints
• ASX 200 Weekly Wrap: ASX sees 7,000 points once more
• How to turn $20,000 into $240,000 in 10 years with ASX shares
• Leading broker names 3 of its best ASX share ideas for April

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Transurban Group. 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 has been making headlines following its solid third-quarter update and $400 million convertible notes offering. However, this subtle piece of news might have slipped through the cracks. 

Zip to potentially offer stock and crypto trading 

The Zip share price might be looking at another angle to drive growth outside of its core buy now pay later (BNPL) service offering.

Zip co-founder Peter Gray said that the company was looking at offering stock and cryptocurrency trading on its existing app. The roll-out of trading services would likely occur via its US QuadPay business. This move aims at further engaging its younger users who make up a majority of its customer base.

Zip could be looking to carve its own path instead of following rival Afterpay Ltd (ASX: APT) in traditional banking products. Afterpay has announced its plans to launch the Afterpay Money app in Q1 FY22. The app aims to compete as a primary money management app. It also comes complete with a linked debit card and classic banking features. 

Trading is a hot space right now 

The world of stock and cryptocurrency trading is on fire right now. 

From a more traditional brokerage perspective, Australia’s low-cost online trading platform, SelfWealth Ltd (ASX: SWF) has been eyeing US share trading as its next avenue for growth. In the company’s recent quarterly update, its first full quarter of US trading saw 36,266 or 7% of total trades for the quarter. 

The company was able to capitalise on the GameStop Corp (NYSE:GME) trading frenzy. In addition, proving itself as a reliable platform amidst platform issues and trading restrictions at competing providers. 

On the smaller end of town, Doough Ltd (ASX: DOU) has also signalled its medium-term vision. This includes wealth management features in its app. In addition, it will also have wealth management and investing features. 

Last night, Coinbase Global Inc (NASDAQ: COIN) officially listed on the NASDAQ. Coinbase’s initial public offering (IPO) price was set at US$250 per share, valuing the company at around US$65.3 billion. 

Could this affect the Zip share price?

The prospect of launching into stock and cryptocurrency trading services is speculative at this point in time. BNPL services with a focus on its core US business and international expansion will likely be at the top of the company’s priority list.

More reading

• Top broker tips Zip (ASX:Z1P) share price to rocket higher
• Why BrainChip, Regis Resources, Whitehaven, & Zip shares are tumbling lower
• Brokers pick these ASX 200 shares to outperform the market
• ASX 200 flat: Zip raises $400m, Bank of Queensland results, Regis crashes
• Top brokers name 3 ASX shares to sell today

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 ZIPCOLTD FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. 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 BHP Group Ltd (ASX: BHP) share price is climbing today. At the time of writing, shares in the resources giant were trading for $47.16 – up 2.5%. Similarly, competitor Rio Tinto Limited (ASX: RIO) is up 2.26% to $116.91. By comparison, the S&P/ASX 200 Index (ASX: XJO) is 0.3% higher.

Neither BHP or Rio have made any significant announcements recently, so, what’s behind their relatively large gains today?

The answer may lie deep underground, buried with copper.

What’s up with the BHP share price today?

The BHP share price is rising over and above the market index today. Without any recent announcements, the most likely explanation is optimism in the price of copper.

The Sydney Morning Herald (SMH) reported recently BHP expects demand for copper to double over the next 30 years due to surging demand for renewable technology. Copper is vital in the development of green technology. For example, right now, demand for electric vehicles is surging and will continue to do so for the foreseeable future.

Copper is currently trading for US $4.124 per pound on the commodities market. Its up 0.18% today and 17.53% since the beginning of the year. Its price is only slightly down from its 5-year high of around US $4.35 per pound at the end of February.

The price of copper is usually correlated with the global economy. Many are tipping the world’s economy to strongly rebound from last year’s lows as vaccinations accelerate and we enter a post-COVID world. On top of this and the aforementioned growing demand for renewable energy, there are also some supply issues with copper.

Chile and Peru are the two largest copper producing nations. Coronavirus restrictions in both countries saw mining operations slow down over the last year. In addition, growing support for left-wing politics in both nations is spooking more conservative market players, especially in relation to the mining industry.

How about other ASX copper miners?

The BHP share price is up because of high hopes for copper, but what about its competitors? Rio Tinto has already been mentioned and it is having a similarly good trading day.

Smaller rival OZ Minerals Limited (ASX: OZL), with a market capitalisation of $8.1 billion, shares are up an almost identical 2.7%. Sandfire Resources Ltd (ASX: SFR) (market cap $1 billion) is up an impressive 5.11%. Canadian copper miner Copper Mountain Mining Corporation (ASX: C6C) is 4.06% higher.

BHP share price snapshot

Over the last 12 months, the BHP share price has increased 50.05%. Besides copper, iron ore is BHP’s other big money maker. A note out of Macquarie Group Ltd (ASX: MQG) believes the share price will continue to go higher on increasing demand for the ferrous metal.

BHP has a market capitalisation of $215.1 billion.

More reading

• Where to invest your Rio Tinto (ASX:RIO) dividends
• 3 latest ASX shares that top brokers have upgraded to “buy” today
• BHP (ASX:BHP) share price on watch as copper demand tipped to soar
• 2 blue chip ASX dividend shares to buy today
• Why are the big ASX mining share prices slipping today?

Motley Fool contributor Marc Sidarous 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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Many of Australia’s top brokers have been busy once again adjusting their estimates and recommendations. This has led to the release of a number of broker notes.

Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Adore Beauty Group Ltd (ASX: ABY)

According to a note out of UBS, its analysts have retained their buy rating and $6.20 price target on this online beauty retailer’s shares. The broker has been looking into the industry and believes consumer purchasing intentions are supportive for Adore Beauty. Its research indicates that demand for skincare and haircare is strong. Outside this, the broker notes that the company has attractive growth opportunities. The Adore Beauty share price is fetching $4.97 this afternoon.

Regis Resources Limited (ASX: RRL)

Analysts at Morgans have retained their add rating but trimmed their price target on this gold miner’s shares to $4.01. According to the note, the broker is pleased with its plan to acquire a 30% stake in the Tropicana Gold Mine for $903 million from IGO Ltd (ASX: IGO). Morgans believes it will be transformational for its long term outlook, particularly given exploration opportunities at Tropicana. Not everyone is as convinced as Morgans, though. This afternoon the Regis Resources share price is down 14% to $2.71.

Webjet Limited (ASX: WEB)

A note out of Ord Minnett reveals that its analysts have retained their buy rating and lifted their price target on this online travel agent’s shares to $7.15. According to the note, the broker believes the company is well-positioned financially to strengthen its competitive position in the B2B segment. This is due to a number of its competitors struggling financially during the pandemic. The Webjet share price is trading at $5.28 on Thursday afternoon.

More reading

• Why BrainChip, Regis Resources, Whitehaven, & Zip shares are tumbling lower
• ASX 200 flat: Zip raises $400m, Bank of Queensland results, Regis crashes
• Why the Regis Resources (ASX:RRL) share price is crashing 17% lower
• Why BWX, Fortescue, Webjet, & Zip shares are dropping
• 2 rapidly growing ASX shares to buy

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Adore Beauty Group Limited. 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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The Commonwealth Bank of Australia (ASX: CBA) share price has been having a rather wild week this week. CBA shares are down 0.24% at the time of writing today to $87.57 a share after briefly spiking to $88 at open this morning. That’s not too far away from the company’s 52-week high of $89.20 that we saw back in February. It’s also not too far away from the CBA share price’s all-time high of ~$94 that we saw way back in 2015.

CommBank has been a pretty decent share to have owned over the past year or so. CBA is up roughly 4.5% so far in 2021, up 26.4% over the past 6 months, and up more than 41% over the past year.

But is the CBA share price a buy today at these levels? Let’s take a look to see if there’s anything to like with the ASX’s biggest banking share right now.

What’s been happening at Commonwealth Bank?

First of all, it’s worthwhile noting that things seem to be going the right way for the CBA share price lately. An expanding economy and loser regulations from the Australian Prudential Regulatory Authority (APRA) is likely to result in favourable business conditions for Commonwealth Bank over the short-to-medium term. Today’s employment numbers certainly add weight to that thesis. As we reported on recently, one commentator is expecting these factors to result in a 15% expansion in bank valuations. 

If CBA does manage to boost its earnings over 2021 and beyond, it will also be able to keep increasing its dividends. Perhaps even to a level that we were seeing before the pandemic hit.

Let’s recap CommBank’s dividends for a moment, seeing as many (if not most of) CBA’s retail investors hold Commonwealth Bank shares for this reason.

So CommBank paid out $4.31 in dividends per share in 2019 and $2.98 per share in 2020. Perhaps luckily for CBA, its first dividend of 2020 was paid out just before the pandemic hit. 

Back in March, CBA paid out its first dividend for 2021, which came in at $1.50 per share. That’s still a long way off of the $2 per share payment from last year. So on the current CBA share price, the bank currently has a trialling dividend yield of 2.83%. If we annualise its most recent dividend, we get a potential yield of 3.43%. That’s still a long way from what Commonwealth Bank shareholders would be used to. Remember, the CBA share price is now back to roughly the level it was before the pandemic. Its dividend is not. 

Is the CBA share price a buy today?

Prospective buyers might be disappointed with what broker Goldman Sachs thinks of CBA shares right now. According to CommSec, Goldman has a ‘sell’ rating on Commonwealth Bank, with a price target of $73.64. Goldman cites CBA’s significant exposure to the retail mortgage market, as well as its significant pricing premium over the other ASX banks, for its rating.

At the current level, the CBA share price has a price-to-earnings (P/E) ratio of 19.48 and a market capitalisation of $155.4 billion.

More reading

• Australian jobs numbers for March show signs of recovery
• Tesla and Palantir were some of the most popular US shares last week
• What’s lifting the Afterpay (ASX:APT) share price today?
• Why Westpac (ASX:WBC) could be about to deliver a dividend surge
• Why the NAB (ASX:NAB) share price could push higher from here

Motley Fool contributor Sebastian Bowen 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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Actinogen Medical Ltd (ASX: ACW) shares are rocketing higher today and have now gained 165% since the start of 2021.

At the time of writing, the Actinogen share price is trading 23.26% higher for the day so far at 5.3 cents, up from just 2 cents at the start of March.

The company’s focus is the development of Xanamem, a novel treatment for Alzheimer’s disease and the cognitive deficiency associated with other neurological and metabolic diseases.

What’s been driving the Actinogen share price?

Whilst there is no news out of the company today, it’s possible the Actinogen share price is still riding the wave of several announcements released by the company over the last couple of months. At the end of March, Actinogen director George Morstyn acquired 2,550,000 shares in the company at a value of $71,782.73. 

Actinogen shares have also been responding positively since the appointment of the company’s new CEO, Dr Steven Gourlay, on 15 March. Gourlay has more than 30 years’ experience in the development of novel therapeutics.

Investors are clearly confident that Gourlay brings considerable skills and experience to Actinogen, as the company moves into further clinical development of its lead compound, Xanamem.

But perhaps most pertinent to the company’s recent surge in value is the growing recognition of Xanamem on the international stage. 

On 5 February, the United States Food and Drug Administration granted Actinogen’s drug Xanamem a Rare Paediatric Disease Designation for the treatment of Fragile X syndrome (FXS).

Fragile X syndrome is a rare and serious genetic disorder, typically diagnosed in children but with life-long symptoms. It is characterised by a range of developmental problems including behavioural problems, autism features, severe anxiety, cognitive impairment and disordered sleep.

Management commentary

Dr Bill Ketelbey, former CEO and MD of Actinogen Medical, said at the time that the FDA designation was extremely important for the company:

We are delighted to receive the Rare Paediatric Disease Designation from the FDA. The significant strategic advantages from this approval include commercial, development and regulatory benefits for the development of Xanamem in FXS, with priority review designed to increase overall speed to market.

Additionally, [this] designation includes the potential for the Company to receive a second, transferable priority review voucher that holds substantial additional value in it’s own right Actinogen has devoted increased resources to broadening Xanamem’s clinical development pipeline, with Fragile X syndrome selected as the second indication to pursue alongside Alzheimer’s disease.

Foolish takeaway

The Actinogen share price is having a stellar start to 2021, thanks to a series of announcements since the beginning of the year. Reaching a new 52-week high of 5.6 cents in intraday trading today, Actinogen shares are now up by around 30% in a week. Over the past year, the company’s shares have outperformed the healthcare sector by around 170%. 

Actinogen has a current market capitalisation of around $71 million.

More reading

• Janison (ASX:JAN) share price hits record high today. Here’s why
• Top broker tips Zip (ASX:Z1P) share price to rocket higher
• Why this leading ASX lithium share is tipped to ride the EV revolution
• What’s happening with the Pentanet (ASX:5GG) share price today?
• Senex (ASX:SXY) share price is ‘cooking with gas’ today. Here’s why

Motley Fool contributor Lucas Radbourne-Pugh 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 Janison Education Group Ltd (ASX: JAN) share price is racing higher in late afternoon trade. This comes after the company announced it had surpassed a milestone with its school assessment program.

Programme for International Student Assessment (PISA) is an online platform that measures a 15-year old’s ability in mathematics, science, and reading. The program seeks to improve individual school teaching efforts using the benchmark as a comparison.

At the time of writing, the educational technology company’s shares are trading at  78.5 cents, up 4.6%. Earlier in the day, the Janison share price reached a record high of 80.5 cents.

What’s driving the Janison share price higher?

Investors are pushing Janison shares into new territory after the company provided a positive update.

According to its release, Janison advised that it has signed agreements to roll out the OECD’s PISA for Schools assessment to more than 200 Australian schools. This achievement represents more than 10% of all Australian secondary schools that are adopting the international student assessment program.

Test launched in March 2021, Janison stated that the first 6 weeks of availability to Australian schools had been overwhelming. The schools that have signed up are a mix of independent and government schools across several states in Australia.

The PISA for Schools assessment costs $7,000 per school and is licenced for a period of 12 months. With 200 schools signed up, Janison forecasts a minimum of $1.4 million in revenue per annum, excluding GST.

Words from management

Janison CEO David Caspari commented:

I am delighted with the pace in which this program is being rolled out across Australia and the impact it will make to the lives of thousands of secondary school children. We are honoured to be partnering with the OECD and to be playing a pivotal role in the delivery of this global program.

The reaction in Australia is mirrored in several other jurisdictions – this is our 10th market globally and we are receiving a similar response across the world. As we roll out the product to the remaining 80+ markets over the next few years, we anticipate educators will seize the opportunity for gold standard data.

The Janison share price has jumped more than 160% within the past 12 months and is up almost 40% year-to-date.

More reading

• Top broker tips Zip (ASX:Z1P) share price to rocket higher
• Why this leading ASX lithium share is tipped to ride the EV revolution
• What’s happening with the Pentanet (ASX:5GG) share price today?
• Senex (ASX:SXY) share price is ‘cooking with gas’ today. Here’s why
• Why NAB (ASX:NAB) shares could take off: fundie

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 Janison Education Group Limited. The Motley Fool Australia has recommended Janison Education 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 Zip Co Ltd (ASX: Z1P) share price has returned from its trading halt and is sinking lower.

In afternoon trade, the buy now pay later (BNPL) provider’s shares are down 3% to $9.33.

Why is the Zip share price sinking today?

The Zip share price has come under pressure on Thursday after it surprised the market by launching another capital raising.

On this occasion, Zip followed the lead of rival Afterpay Ltd (ASX: APT) by raising $400 million via a convertible notes offering. These notes are due in 2028 and are convertible into fully paid ordinary shares of Zip at an initial conversion price of $12.39 per share. 

The capital from the offering will support core and international growth opportunities

Is this a buying opportunity?

According to one leading broker, the weakness in the Zip share price could be a buying opportunity.

Earlier this week, analysts at Morgans put an add rating and $10.92 price target on the company’s shares.

Based on the latest Zip share price, this price target implies potential upside of 17% over the next 12 months.

What did Morgans say?

Morgans has looked through Zip’s third quarter update and was pleased with what it saw.

It commented: “Z1P has provided a 3Q21 trading update. Overall it was another strong quarterly performance from Z1P, in our view, highlighted by group revenue (A$114m), merchants (45.3k), and customers (6.4m) all rising 10%-20% on the sequential quarter (+80%-90% on pcp).”

“Credit quality remains sound, with Z1P’s net bad debts falling to 1.78% from 1.93% at 2Q21. ZIP continues to point to a “healthy” global merchant pipeline overall,” it added.

Once again, the US business was the highlight in Morgans’ eyes.

It said: “In what is seasonally the weakest quarter for Z1P, Quadpay delivered strong sequential growth in revenue (+16%), transactions (+7%) and customers (+19%). As at March 2021, Quadpay is now annualising an impressive US$2.8bn of transaction volume. Quadpay merchant growth, +55% sequentially (now 13k) was a quarter highlight, while the Quadpay transaction margin remains above 2%.”

Executing well

Overall, Morgans has been pleased with the company’s execution. It also notes that the Zip share price trades an attractive discount to the Afterpay share price.

The broker concluded: “Z1P continues to execute well, delivering strong growth metrics across the board, in our view, with initial traction from the US expansion remaining highly encouraging. We continue to see longer term upside if Z1P can execute on its ambitions of becoming a global payments player. Z1P continues to trade at a significant discount to APT (EV-to-sales multiple of ~18x vs ~33x), a gap we think should narrow over time if Z1P continues to deliver.”

More reading

• Why BrainChip, Regis Resources, Whitehaven, & Zip shares are tumbling lower
• Brokers pick these ASX 200 shares to outperform the market
• ASX 200 flat: Zip raises $400m, Bank of Queensland results, Regis crashes
• Top brokers name 3 ASX shares to sell today
• Is the Afterpay (ASX:APT) share price set to surge later this month?

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 ZIPCOLTD FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. 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 thinking that ASX lithium shares are garnering as much attention as Bitcoin of late, you’re right.

That’s partly because some ASX lithium shares have gained almost as much, or even more than Bitcoin has over the past 12 months. And, more importantly, because many leading analysts believe the booming demand for lithium is set to continue for years.

If they’re right, that would be welcome news for shareholders of some of Australia’s top lithium explorers and producers.

Why is the price for lithium soaring?

The price for lithium carbonate has more than doubled since the end of November 2020.

Demand for lithium is soaring as the global electric vehicle (EV) revolution begins to well and truly gain traction. And, as the name implies, lithium is a core ingredient in the lithium-ion batteries that power most EVs.

And it’s certainly not looking like a passing trend.

According to Perennial Value Management portfolio manager Samuel Berridge (quoted by the Australian Financial Review):

We think this has some legs and will be a decade-long phenomenon as we migrate to a cleaner means of generation…

There are going to be blips of euphoria and that’s going to happen in any thematic but I think the EV revolution has achieved critical mass. That’s the way the market is going. There might be some short-term concerns but longer term, this is a rising tide.

How does Berridge recommend ASX investors capitalise on the trend?

Leading ASX lithium share tipped to ride the EV revolution

As the AFR notes, Berridge says Jindalee Resources Limited (ASX: JRL) offers investors a “good way to invest in the EV theme”. The ASX lithium share counts amongst the largest positions in the Perennial Global Resources Trust.

Berridge said, “Jindalee is a lithium developer that’s got the largest lithium deposit in the US and in an environment where trade and nationalisation is key, the US is very cognisant of their supply.”

Last Friday, 9 April, Jindalee Resource’s shares soared more than 55% in intraday trading.

This came after the ASX lithium share updated the market on its mineral resource estimate at its 100% owned McDermitt Lithium Project in the United States. Announcing a big boost in its mineral resource estimate, the lithium producer reported it now holds the largest lithium deposit in the US as measured by contained lithium in Mineral Resource.

Jindalee Resources share price snapshot

Here are some figures for you to back up the hype surrounding ASX lithium shares.

Over the past 12 months, the Jindalee Resources share price has gained a stellar 860%, compared to a 736% gain in the Bitcoin price. (Take that, Bitcoin!) To put that in perspective with the broader share market, over the same time the All Ordinaries Index (ASX: XAO) gained 33%.

Up more than 6% in intraday trading today, Jindalee Resources shares have gained 267% year-to-date.

At the current price of $2.90 per share, the ASX lithium share has a market cap of $146 million.

Trading at a price to earnings ratio (P/E) of 288 times, ASX lithium share investors are clearly pricing in a lot of future growth potential as the EV revolution picks up speed.

More reading

• ASX lithium shares are surging across the board. Here’s why
• Why Anteotech, EROAD, Jindalee Resources, & Kogan are pushing higher
• Why the Jindalee Resources (ASX:JRL) share price is rocketing 55% higher
• Why the Jindalee (ASX:JRL) share price in one to watch today

Motley Fool contributor Bernd Struben 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 Pentanet Ltd (ASX: 5GG) share price is falling today alongside its rival telecommunications giant Telstra Corporation Ltd (ASX: TLS). Both companies are falling on the back of strong recent gains.

The Pentanet share price is down 2.7% today to 90 cents per share.

Pentanet is a Perth-based licensed telecommunications carrier and internet service provider (ISP). The company delivers high-speed internet services via its own fixed-wireless network and other fixed-line networks.

It’s proven a disruptor in the established telecommunications space. Pentanet entered the market with an emphasis on local service, support and “excellent customer experience”. The business was formed in 2017 and its share price has almost tripled since its initial public offering.

Pentanet’s angle

Pentanet has grown to a market capitalisation of more than $160 million and has garnered significant interest through its partnership with massive US tech share Nvidia. 

Pentanet is not involved in bringing 5G to Australia or offering mobile networks. Instead, it specialises in fixed network connections and is aiming its marketing efforts at the gaming community.

Pentanet will be the first Australian company to bring Nvidia’s GeForce NOW to Australia. This is NVIDIA’s premiere cloud-based game streaming service. 

Pentanet’s Founder, Stephen Cornish, explained the concept of cloud gaming and how Pentanet can help pioneer the technology:

With cloud gaming is basically someone like myself becomes a hyper-scaler. I build enough computer power in a data centre that can power thousands of people playing a game at any one time; I’m building a multi-million-dollar computer as opposed to the $4,000 computer,” he says.

This is absolutely where the future is going to be, but the limitation currently is actually on the connection because you need to have internet that’s fast enough so that your computer can kind of be off site.

You need to have that high bandwidth and low latency network to actually enable this cloud technology.

Pentanet share price snapshot

The Pentanet share price has risen 11% this week. Additionally, it has risen 51% over the past month and in 2021 so far. It’s also up by that same margin over the past 12 months.

More reading

• WAM Leaders thinks these 2 ASX shares are a buy
• This ASX telco and bank will go gangbusters: fundie
• 2 fantastic blue chip ASX shares to buy in April
• 4 reliable ASX dividend shares to buy for income
• Why focus could soon shift to dividend upgrades for the Telstra (ASX:TLS) share price

Motley Fool contributor Lucas Radbourne-Pugh has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra 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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