The ASX tech sector continues to be one of the top performing sectors on the ASX,  particularly during the coronavirus pandemic.

In this article I will take you through 2 of my top ASX tech share picks right now: Altium Limited (ASX: ALU) and Appen Ltd (ASX: APX).

Altium

The Altium Limited (ASX: ALU) share price was significantly hit during the first month of the coronavirus pandemic. During that time, the share price of the electronic design software company lost around 40% of its value. Since that period, however, it has regained around half of those losses.

Altium recently delivered a very solid set of financial numbers for FY 2020, despite the challenges of the pandemic. The ASX tech share was able to record a 10% increase in revenue to US$189 million. This means that Altium has now recorded 8 consecutive years of double-digit revenue growth. Customer growth also continued strongly. Altium’s Designer platform saw a 14% increase in new seats sold, while its overall subscriber base grew by 17% to over 50,000.

I believe that the Altium growth story is set to continue over the next 5 years, driven by the growing global demand for smart connected devices. With its share price still below pre-COVID 19 levels, Altium is in my buy zone right now.

Appen

Appen is a global leader in providing data for use in machine learning and artificial intelligence (AI). Appen’s business models spans across a range of industries, including technology, automotive, and government sectors.

Despite a drop during the early phase of the pandemic, the Appen share price has performed very strongly during 2020. Since the beginning of the year, it has risen from $22.46 to be trading at $35.68 at the time of writing. That’s a whopping increase of nearly 60%.

Appen recently indicated that the pandemic has not had a significant impact so far on its business operations.

Despite its strong recent rise, the Appen share price remains in my buy zone right now. I believe that Appen is positioned to grow strongly over the next 5 years, driven by the rising global demand for AI products and machine learning markets.

Foolish takeway

Both Appen and Altium are 2 ASX tech shares that I would be happy to add to my ASX share portfolio right now. Both companies have entrenched market positions in far reaching global markets that continue to expand.

In addition, I believe that both companies are well positioned to tap into the rising demand for IoT devices, driven by the growing trend of cloud computing.

More reading

• 4 ASX 200 shares to buy with $4,000
• Want to beat the market? Try these 3 ASX growth shares
• Top brokers name 3 ASX shares to buy next week
• Is Altium a millionaire maker share at this price?
• How I’d build a $100,000 ASX portfolio of growth shares

Phil Harpur owns shares of Altium and Appen Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Altium. The Motley Fool Australia owns shares of Appen Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The iron ore price is on the rise, reaching nearly $110 per tonne this month. This is the highest price seen since August last year. The increase in coronavirus infections in Brazil has caused supply concerns while demand is rising in China. The Chinese Government has vowed to increase spending on infrastructure construction to combat the economic impacts of coronavirus. Here, we take a look at 3 ASX iron ore shares heavily leveraged to this trend. 

3 ASX iron ore shares to leverage the rising price of iron 

Fortescue Metals Group Limited (ASX: FMG)

The Fortescue Metals share price climbed 10.4% last week on the strength of the iron ore price. One of the world’s largest iron ore producers, Fortescue operates in the Pilbara in Western Australia. The company reported record third quarter shipments of 42.3 million tonnes in the third quarter, 10% higher than 3Q FY19. Year to date shipments were a record 130.9 million tonnes. Fortescue had net cash of US$0.1 billion at the end of the March quarter compared to net debt of US$2.9 billion at the end of March 2019. 

Mt Gibson Iron Limited (ASX: MGX) 

The Mt Gibson Iron share price has climbed 12.7% this month as the iron ore price gains strength. Mt Gibson Iron has assets in the Kimberley and Mid West regions of Western Australia and reported iron ore sales of 1 million wet metric tonnes in the March quarter. Sales revenue totalled $82 million for the quarter. The company had cash and liquid investments of $402 million at the end of the quarter, and no borrowings. In FY19 Mt Gibson delivered a net profit after tax of $44.6 million in total iron ore sales of $230 million. 

BHP Group Ltd (ASX: BHP)

The BHP share price is up 7.6% this month. BHP has an integrated system of five iron ore mines and four processing hubs in the Pilbara region of Western Australia. The miner produced 60 million tonnes (Mt) of iron ore in the March quarter and 181Mt in the nine months to the end of March. Full year guidance is for production of 242 to 253Mt of iron ore. As at 31 December 2019, net debt was US$12.8 billion, at the lower end of the company’s target range. Cash and cash equivalents were US$14.3 billion. This position, along with BHP’s low cost operations, means the company is resilient and expected to generate solid cash flow through the cycle. 

More reading

• ASX 200 Weekly Wrap: Blue chip shares pull ASX 200 back over 6,000 points
• These were the best performing ASX 200 shares last week
• Why I would buy a2 Milk and these fantastic ASX 50 shares
• Top ASX dividend shares to buy in July 2020
• Should you buy Fortescue shares at an all-time high?

Motley Fool contributor Kate O’Brien owns shares of BHP Billiton Limited and Mount Gibson Iron Limited. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Could global biotech company CSL Limited (ASX: CSL) be interested in acquiring a new billion-dollar antivenom business?

According to Bloomberg, US pharmaceutical company Boston Scientific is considering the sale of antivenom business CroFab, which has been estimated to be worth up to US$1 billion. Boston Scientific acquired CroFab along with a jumble of other healthcare products when it acquired British company BTG in 2019. In my view, it could be a perfect addition to CSL’s antivenom portfolio.

CroFab’s antivenom works to treat snake bites. Specifically, North American pit viper snakes, which include rattlesnakes, copperheads, water moccasins. According to CroFab, 98% of venomous snakebites in the United States come from North American pit vipers.

Now, look, I don’t know a lot about snake bites. The only animal I’ve been bitten by was a wombat at Australia Zoo (yes, really). But the way antivenom is produced is tightly aligned with CSL’s expertise. You can watch a fascinating video of how CSL produces its antivenom on YouTube here.

In essence the process involves putting small amounts of the venom’s toxin into horses or sheep which make antibodies without falling ill. The protective molecules are then extracted from their blood and processed to make antivenom.

Why would CSL buy CroFab?

There would be a lot of synergy between CSL and CroFab. CSL has a deep niche in antivenom products which form part of the company’s Seqirus group. CSL even developed the first aid techniques used for dealing with venoms that are now standard in Australia.

CSL also has a history of growing through acquisitions. In fact, I see acquisitions as a key part of the company’s flywheel of success. As well as reinvesting profits into research and development, CSL invests in businesses with market leading positions which match its strong core competencies. Until recently, CroFab was the only antivenom approved by the US Food and Drug Administration for use in North America.

Foolish takeaway

The estimated price tag of US$1 billion for CroFab would be easily digestible for CSL. At the time of writing CSL commands a market capitalisation of more than $128 billion. CSL also has plenty of cash to put towards a possible acquisition. At 31 December 2019 the company held US$669 million cash. Although I’m only speculating that CSL would be interested in buying CroFab, it feels like it would be a great fit for the CSL portfolio.

More reading

• ASX 200 Weekly Wrap: Blue chip shares pull ASX 200 back over 6,000 points
• 4 ASX 200 shares to buy with $4,000
• How to rebalance your average ASX share portfolio
• 2 easy ASX shares for beginners
• Where to invest $1,000 into ASX shares immediately

Regan Pearson has no position in any of the stocks mentioned.

You can follow him on Twitter @Regan_Invests.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The HUB24 Ltd (ASX: HUB) share price is edging higher on Monday after the release of its fourth quarter update.

At the time of writing the investment platform provider’s shares are up almost 1% to $12.88.

How did HUB24 perform in the fourth quarter?

HUB24 continued to experience strong net inflows during the June quarter. It recorded a net inflow of $1.1 billion, which together with favourable market movements, lifted its funds under administration (FUA) by 14% or $2.1 billion to $17.2 billion.

This means that its average monthly net inflows during FY 2020 was $412 million, up 26% from $326 million per month in FY 2019.

Management notes that net inflows were at record levels for a June quarter despite a soft start to the period.

It advised that momentum built following a softer month in April as advisers adjusted to the COVID-19 environment. Once again, this was driven by client transitions from incumbent platforms, including strong inflows from both key accounts and broker clients.

The good news is that further inflows look very likely. HUB24 revealed that its new business pipeline is growing with 34 new licensee agreements signed during the quarter. This includes a new large national licensee, a large national broker, boutique licensees, and self-licensed advisers.

Flows have already commenced from some of these new licensees and it is also gaining momentum from opportunities secured earlier in the year.

As a result, data by Strategic Insights shows that HUB24 has maintained second place ranking for both quarterly and annual net inflows in the Australian platform market behind only Netwealth Group Ltd (ASX: NWL).

HUB24’s market share has increased from 1.3% to 1.94% since March 2019.

Happy customers.

As well as ranking second in both quarterly and annual net inflows, HUB24 ranked second in the Trends Planner Technology report for adviser satisfaction and adviser advocacy.

This means HUB24 has now ranked in the top two platforms for the past five years.

In addition to this, the company notes that its focus on supporting advisers during the COVID-19 pandemic has been well-received. HUB24 was rated the top platform in terms of primary users perceiving they received good support.

It was ranked first place in five categories including the range of investments, client portal, integration with planning software, client reporting, and tax optimisation tools. Overall HUB24 was ranked in the top 2 in 17 out of 25 categories.

Andrew Alcock, Managing Director, commented: ‘’We remain committed to delivering the highest levels of service to support advisers and their clients as they seek to meet their objectives. We would like to thank our customers and our staff for their continued support during this challenging environment.’’

No commentary on its margins.

One thing missing from the update was any commentary regarding its margins.

There have been concerns that the cash rate cuts could weigh heavily on its revenue margins and ultimately its profits. However, investors will have to wait until the release of its full year results in August to see what the damage is (if there is any).

More reading

• The latest ASX stocks to be downgraded by top brokers today

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 Hub24 Ltd. The Motley Fool Australia owns shares of Netwealth. The Motley Fool Australia has recommended Hub24 Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Xero Limited (ASX: XRO) share price has recovered strongly from its fall during the early phase of the coronavirus pandemic. The Aussie fintech’s share price is now trading at levels similar to and above those seen in mid-February prior to when the pandemic hit.

Xero has had spectacular growth on the ASX over the past three and a half years. The Xero share price has increased from under $18.00 at the beginning of 2017, to now be trading at $91.70. Xero continues to grow strongly in its core home markets of Australia and New Zealand, while focusing on a strong growth trajectory overseas.

Is the Xero share price a buy right now?

Compelling business model

Xero is an online accounting software provider for small businesses. One of Xero’s key competitive differentiators is that its software packages are affordable and user-friendly. This makes them ideal for small businesses. In comparison, some of its competitors’ products can be expensive and more complex to use.

Xero continues to evolve its business model beyond just being a cloud accounting platform. Small business owners are now increasingly relying on Xero to manage not only their finances, but their entire businesses. Xero now offers comprehensive tools and services that cater to a diverse range of business management requirements. For example, the Xero platform can connect with an impressive number of financial institutions. This includes global fintech companies as well as a wide variety of third-party apps. This provides users with a central hub that allows them to easily access the relevant data and tools they require in the running of their businesses.

Strong recent financial performance

Xero’s strong track record of robust financial growth has continued into FY 2020. For the 12 months ending 31 March 2020, revenue increased very strongly by 30% to NZ$718 million. This growth was driven by a 2% increase in average revenue per user. Overall subscribers also continued on their upward trajectory, increasing by 26% to reach 2.29 million.

Earnings before interest, tax, depreciation and amortisation (EBITDA) growth was even more impressive. It increased by a massive 52% to reach NZ$139 million. Xero also pleasingly achieved a positive net profit for the first time in its history.

Foolish takeaway

With a strong recent rise, the Xero share price may appear expensive compared to many of the shares on the S&P/ASX 200 Index (ASX: XJO). However, due to its very strong, long-term growth potential, it remains in my buy zone. I believe there is a long runway for growth ahead of Xero over the next decade, especially driven by expansion in the United Kingdom, North American and other global markets.

More reading

• Coles and 2 more ASX 200 shares to watch this week
• ASX 200 Weekly Wrap: Blue chip shares pull ASX 200 back over 6,000 points
• 4 ASX 200 shares to buy with $4,000
• 5 things to watch on the ASX 200 on Monday
• 3 things that will impact on ASX shares this reporting season

Phil Harpur owns shares of Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Xero. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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I’m starting to become bullish on ASX bank shares in 2020.

Everyone knows that ASX bank shares have been under the pump this year as the coronavirus pandemic has spooked investors.

Commonwealth Bank of Australia (ASX: CBA) and Macquarie Group Ltd (ASX: MQG) shares fell from 52-week highs to 52-week lows in the March bear market. 

But I think the two Aussie majors could be back in the buy zone before the year is out.

Why Macquarie shares could climb this year

The reason I’m bullish on Macquarie shares is actually thanks to US investment bank, Goldman Sachs. More specifically, Goldman’s strong first-half earnings and what that means about what could be in store for Macquarie.

Goldman posted net revenues of US$22.04 billion and net earnings of US$3.64 billion for the 1H FY20. That’s a solid result at a time when investment banking income could have easily dried up.

Much of that result was driven by strong trading income amid the recent market volatility. A big portion was also due to Goldman’s run of recent capital raisings in Australia and around the world.

That could bode well for Macquarie as a fellow (albeit smaller) investment bank.

If Macquarie’s traders can generate similarly strong earnings, it could help offset some losses from the economic slowdown. A series of recent capital raisings could also help support the bank’s half-year earnings result in November.

What about the CBA share price?

That’s not an easy question to answer. What I think the Goldman Sachs result shows is that hope is not lost for bank shares.

Commonwealth Bank is much more of a retail and business bank compared to Macquarie. That means the fundamental drivers are different and rely on strong corporate earnings and the Aussie housing market.

However, this leading fundie is starting to see a bullish recovery for ASX bank shares. If the economy bounces back quicker than expected, the CBA share price may be cheap at $72.60.

That’s because investors are pricing in the expected future impact of the pandemic and subsequent recession. If the recovery beats expectations, you’d expect Commonwealth Bank shares to outperform.

Foolish takeaway

There’s a lot of uncertainty in the economy and share market right now. Commonwealth Bank shares could be headed higher, but that relies on a quicker than expected economic recovery.

Macquarie shares may benefit from continued market volatility, but further declines could force the ASX bank share lower in 2020.

More reading

• ASX 200 Weekly Wrap: Blue chip shares pull ASX 200 back over 6,000 points
• 2 high yield ASX dividend shares I would buy
• 3 things that will impact on ASX shares this reporting season
• How you could have turned $20,000 into $850,000 in 10 years with ASX shares
• Are our ASX bank shares expensive by global standards?

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Why CBA and Macquarie shares could be in the buy zone appeared first on Motley Fool Australia.

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The Whispir Ltd (ASX: WSP) share price has started the week in a positive fashion following the release of its fourth quarter update.

In morning trade the communications workflow platform provider’s shares are up 8% to a record high of $3.62.

This means the Whispir share price is now up 130% since the start of the year.

How did Whispir perform in the fourth quarter?

Whispir had a very positive fourth quarter thanks to strong demand by new and existing customers during the COVID-19 pandemic.

According to the release, the company’s annualised recurring revenue rose 4.2% over the March quarter and 35.7% over the prior corresponding period to $42.2 million. This was driven by strong growth in the ANZ and Asia regions.

Quarterly customer cash receipts came in at $11.3 million, up 27% on prior quarter and 36.5% on prior corresponding period. Also catching the eye was its customer revenue retention, which was an impressive 124.1%.

Whispir also reported the second consecutive quarter of record customer growth, acquiring 72 net new customers during the quarter. Management advised that this was driven by organisations looking to adopt more sophisticated yet easy-to-use communications systems.

This growth is also being supported by its easy integration with existing IT systems and the new ready-to-use return to work templates. These ensure compliance with government COVID-19 regulations.

At the end of the period, total customers numbered 630. This includes the Victorian Department of Education, PersonaTech and Mt Buller Ski Resort.

Pleasingly, tight cost control and significant growth in customer receipts through the quarter means that net cash used in operating activities reduced to just $0.1 million. This left it with a cash and equivalents balance of $15.2 million, which it believes leaves it well funded to execute its international growth strategy.

Outlook.

In light of this strong form, the company advised that it is on track to deliver all key FY 2020 prospectus forecast metrics.

Whispir’s CEO, Jeromy Wells, commented: “We’ve had a strong finish to the FY20 financial year despite unprecedented operating conditions. Our strong performance over the fourth quarter has been driven by increased platform utilisation from our existing customer base, particularly in ANZ and Asia, as well as significant new customer growth. This has offset some changes in traditional communications and transaction volumes from some customers within industries that have been hardest hit by COVID-19 restrictions.”

The chief executive also notes that the Whispir platform is helping businesses during these turbulent times and appears optimistic on the future.

He added: “With current turbulent operating conditions constantly evolving, our customers realise how important it is to have a system that enables them to communicate effectively at scale to diverse stakeholder groups through multiple channels. Our ability to integrate with existing IT systems is a significant differentiator for our technology, enabling new customers to start using the platform within a day and without IT expertise.”

“Our increased focus on enhancing the platform’s AI, machine learning and data intelligence capabilities will continue to add value for our customers, ensuring they deliver timely and contextually-relevant information to stakeholders in their preferred delivery channel,” Mr Wells concluded.

More reading

• How to get rich by investing in small cap ASX shares
• 2 ASX tech shares with stellar growth prospects
• Which ASX shares will benefit from the second lockdown?
• 2 ASX shares that could be 10-baggers
• Are these small cap ASX shares future tech stars?

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 Whispir Ltd. The Motley Fool Australia has recommended Whispir Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Looking to add some ASX dividend shares to your portfolio this week? Then you might want to consider the three listed below.

I believe these three dividend shares are among the best on the local market and could be top options for income investors right now:

BWP Trust (ASX: BWP)

The first ASX dividend share I would buy is BWP Trust. This property trust has a focus on commercial property and is the largest owner of Bunnings Warehouse sites in Australia. It currently has a portfolio of 68 stores leased to the hardware giant. And thanks to the strength of the Bunnings business, the trust appears to have been largely unaffected by the pandemic and continues to collect rent as normal. As a result, it is able to continue paying its distribution as normal this year. Furthermore, given the quality of its tenancies, I feel the trust is well-placed to grow its distribution modestly each year for the foreseeable future. Based on the current BWP share price, I estimate that it offers a generous 4.7% FY 2021 distribution yield.

Rural Funds Group (ASX: RFF)

Another ASX dividend share to consider buying this week is Rural Funds. I’m a big fan of agriculture-focused property group due to the quality and diversity of its assets. Another massive positive is their ultra-long tenancy agreements, which I believe puts Rural Funds in a position to continue growing its distribution during the pandemic and beyond. The company recently reaffirmed its distribution guidance of 10.85 cents per share in FY 2020 and then 11.28 cents per share in FY 2021. Based on the latest Rural Funds share price, the latter equates to a 5.5% yield.

Telstra Corporation Ltd (ASX: TLS)

A final ASX dividend share I would consider buying is Telstra. I think the telco giant is one of the best income options on the local market due to its strong business model, defensive qualities, and attractive dividend yield. In addition to this, I believe its outlook is becoming increasingly positive thanks to its T22 strategy (which includes material cost cutting), the easing NBN headwind, and the arrival of 5G. Combined, I expect this to be enough for Telstra to maintain its current dividend for the foreseeable future. Which, based on the current Telstra share price, equates to a fully franked 4.6% dividend yield.

More reading

• ASX 200 Weekly Wrap: Blue chip shares pull ASX 200 back over 6,000 points
• 4 ASX shares I’d buy to protect against a recession
• How to create a yearly income of $65,000 in dividends
• 3 ASX shares for growth, income, and value investors to buy right now
• These ASX dividend shares are better than term deposits

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED and Telstra Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Why you should buy Telstra and these ASX dividend shares for income appeared first on Motley Fool Australia.

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The FlexiGroup Limited (ASX: FXL) share price has been a strong performer on Monday.

The financial services company’s shares are up 8% to $1.31 at the time of writing.

Why is the FlexiGroup share price jumping higher?

This morning FlexiGroup released an update on its buy now pay later platform, Humm.

According to the release, the Afterpay Ltd (ASX: APT) rival continued its strong sales and merchant growth during the fourth quarter.

In respect to its sales, fourth quarter ecommerce volume was up 315%, with total transactions up 447% on the prior corresponding period.

Management advised that this has been driven by a record number of ecommerce and instore integrations during the quarter and a new BPAY feature which allows customers to pay for bills in manageable interest.

At the end of the quarter, the humm platform had a total of 56,000 retail partners across the Australia and New Zealand region.

New high-profile merchant additions include online homewares retailer Temple & Webster Group Ltd (ASX: TPW), furniture retailers Amart Furniture and Snooze, and luxury brand Bally.

They will soon be joined by a large number of veterinary hospitals. FlexiGroup has just signed a strategic partnership with Veterinary Growth Partners that will see approximately 170 independent Veterinary Hospitals have access to humm.

Management notes that this partnership, combined with online pet retailers PETStock and PetPost, ensures that pet owners will have a complete solution with humm.

Differentiated product offering in demand with merchants.

FlexiGroup’s Chief Executive Officer, Rebecca James, appeared to be pleased with the quarter and noted how its differentiated product offering is filling a gap in the market.

She said: “The continued growth in new retailers joining the humm platform, particularly in the health and home categories, shows that our differentiated product offering is compelling to merchants. With the ability to facilitate larger transactions than other buy now pay later providers, humm is continuing to attract a wider range of merchants who previously haven’t offered buy now pay later solutions to their customers.”

“The work we’ve undertaken to simplify and speed up merchant integration, with online retailers now up and humming in 48 hours, is driving our continued business performance. With a growing and well diversified merchant base across multiple verticals and a growing awareness of humm in the market, we are delighted to see our strategy of offering solutions for big and small purchases continuing to deliver,” she added.

More reading

• These are the 10 most shorted shares on the ASX
• The market is going long on the Afterpay share price but shorting its weaker rival
• Why Sydney Airport and 2 other ASX shares could surprise this reporting season
• Does Afterpay have a competitive advantage?
• The FlexiGroup share price is lagging its BNPL peers. Should you buy?

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 Temple & Webster Group Ltd. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended FlexiGroup Limited and Temple & Webster Group Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post FlexiGroup share price jumps 8% higher following BNPL update appeared first on Motley Fool Australia.

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