The Kleos Space SA (ASX:KSS) share price is today taking off as the company provided an update on its scouting mission launch. The Kleos share price has risen by 7.55% to 28 cents on the news.

What is Kleos Space?

Kleos is a space powered radio frequency reconnaissance company. Kleos aims to guard borders, protect assets and save lives by delivering global activity-based intelligence and geolocation as a service. The Luxembourg company provides data as a service (DaaS) to its clients.

Furthermore, its upcoming cost-effective global geolocation data will be critical in the enforcement of law and regulation.

The first Kleos Space satellite system, known as Kleos Scouting Mission (KSM), will deliver commercially available data and perform as a technology demonstration. KSM will be the keystone for a later global high capacity constellation. The scouting mission will deliver targeted daily services with the full constellation delivering near-realtime global observation.

Why is the Kleos share price rocketing?

This morning, the company reported an update on the launch of KSM on the Indian Space Research Organisation’s latest mission. The company is launching scouting satellites under a ride-share contract with Spaceflight Inc, with the launch managed by NewSpace India Limited (NSIL). 

The Kleos Scouting Mission’s four satellites have been mission-ready since the middle of 2019. They were shipped to the launch site in February 2020, with the launch expected in March. However, the COVID-19 pandemic has delayed launch operations.

The company has been updated on a new launch date for the four Kleos satellites, with current planning aiming for the 1st half of November. However, Kleos noted the schedule was subject to change depending on operational circumstances beyond NSIL control. 

Foolish takeaway

the Kleos share price has gained a little over 80% since listing on the ASX in late 2018. The monitoring company generated no revenue for its half year ending 30 June 2020, but the Kleos scouting mission offers attractive future potential. The Kleos share price is down 8% for the year.

More reading

• 2 top notch ASX shares for beginners
• What I’ve learned writing for The Motley Fool
• ASX 200 down 0.95%: Rio Tinto (ASX:RIO) CEO exits, Nearmap (ASX:NEA) sinks lower
• Rio Tinto (ASX:RIO) heads roll, but investors want more
• Why the Retail Food Group (ASX:RFG) share price is up 4%

Motley Fool contributor Daniel Ewing has no position in any of the stocks mentioned. 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.

The post Kleos (ASX:KSS) share price shoots for the stars appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/3iq9fGY

You can learn a lot about investing from the amazing Fools at The Motley Fool. For me, I had the privilege of being able to share some of these learnings with you as a reader. However, I have actually learned a lot about ASX share investing through my writing. Here are the biggest lessons I have learned, which could help you with your own share investing.

Confirmation bias is real

A lot of investing resources focus on the fundamental or technical analysis of shares. Looking at the bigger picture, they can also tend to focus on the macro-economic environment. In my opinion, the key to your investing success is closer to home. It’s you.

Humility is an underrated quality in an investor. It will help you to understand your flaws and adjust accordingly. For me, one of my biggest biases is the need for confirmation. That is, I seek out support for my ideas to give me the confidence required to invest.

Whenever you are about to make a share purchase or sale, take a step back to really consider the opposite side of the story. This will open your eyes to the potential outcomes and actually give you more conviction once you have made this consideration.

An investing journal is critical

The share market is volatile. Anyone who was investing in March, or during the great recession, or the dot-com bubble will know this. Considering and understanding your emotions is critical to making rational, long-term decisions in these circumstances.

Writing down your ideas makes you think longer and harder, and provides a great reference point for investing decisions. Being able to see if your original investment thesis is broken is a truly powerful investing tool.

I love share investing

It’s safe to say that I am in love with share investing. It has provided me with an income, growing wealth, entertainment and a lot of happiness. It would be ‘lower-case f’ foolish of me to think that everyone was the same.

If you’re not passionate about share investing, but still want to invest, I would suggest outsourcing it to a trusted person/team. For example, I know that a number of Fools in the United States follow the investments of David Gardner, even when the investments are not 100% within their circle of competence. Finding a trusted and reliable external advisor, such as The Motley Fool, can boost your investment returns, whilst allowing you to spend less time analysing and worrying.

There’s more to life than investing 

True investing is a journey. The fruits of your labour unfortunately come later down the track. However, there is more to life than investing in the S&P/ASX 200 Index (ASX: XJO). Set a goal, have a purpose and a reason for investing. It doesn’t matter what it is, big or small, but knowing what you are aiming for will allow you to set the right course, enjoy the ride and celebrate when you get there.

Invest in yourself first

I’m definitely not the first one to say this, but investing in yourself will always provide the greatest returns. Prior to writing for The Motley Fool, I had very limited writing skills. My grammar was OK and I knew what paragraphs were, but I didn’t know how to write for an audience or build a story.

Investing time, effort and money into yourself will open doors or allow you take opportunities when they arise. Often coming with a pay rise or new source of income, this can be very rewarding when extrapolated over a career.

The Foolish bottom line

This has probably been one of the easiest (yet hardest) articles I’ve written for The Motley Fool. That’s because it has come from the heart, but is unfortunately my last, for now. 

All the best on your journey to become smarter, happier, and richer.

Fool on!

More reading

• ASX 200 down 0.95%: Rio Tinto (ASX:RIO) CEO exits, Nearmap (ASX:NEA) sinks lower
• IGO share price surges on potential sale of Tropicana
• Up 9.2% in 1 day, is the Clinuvel Pharmaceuticals (ASX:CUV) share price a buy?
• 5 things to watch on the ASX 200 on Friday
• ASX 200 rises 0.5%, gold miners glitter

Motley Fool contributor Lloyd Prout has no position in any of the stocks mentioned. 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.

The post What I’ve learned writing for The Motley Fool appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/3k7jIaq

At lunch on Friday the S&P/ASX 200 Index (ASX: XJO) is following Wall Street’s lead and trading notably lower. The benchmark index is currently down 0.95% to 5,852.4 points.

Here’s what is happening on the market today:

Rio Tinto CEO to exit.

The Rio Tinto Limited (ASX: RIO) share price has been a comparatively positive performer on Friday after announcing that its CEO, J-S Jacques, has agreed to step down and leave the company. He will remain in his role until the earlier of the appointment of a new CEO or 31 March 2021. Mr Jacques is leaving following a review into the destruction of the Juukan rockshelters in May. A number of fellow executives will be leaving with him.

Tech shares sink lower again.

The tech rout wasn’t over after all. A number of popular ASX tech shares such as Afterpay Ltd (ASX: APT) and Xero Limited (ASX: XRO) are trading notably lower on Friday following more weakness on the tech-heavy Nasdaq index overnight. At the time of writing the S&P ASX All Technology index is down 1.6%.

Nearmap completes placement.

The Nearmap Ltd (ASX: NEA) share price has crashed lower today after the aerial imagery technology and location data company completed its fully underwritten institutional placement. Nearmap raised $72.1 million at a 4.2% discount of $2.77 to support its growth. In addition to this, Goldman Sachs downgraded its shares to a neutral rating this morning on valuation grounds.

Best and worst ASX 200 performers.

The best performer on the ASX 200 at lunch is the Whitehaven Coal Ltd (ASX: WHC) share price with a 3% gain. This follows a 1.9% rise in the thermal coal price during overnight trade. The worst performer by some distance has been the Nearmap share price with a sizeable 11% decline. This follows the completion of its institutional placement.

More reading

• What I’ve learned writing for The Motley Fool
• Rio Tinto (ASX:RIO) heads roll, but investors want more
• Why BrainChip, Evolution, Nearmap, & Zip shares are tumbling lower
• Nearmap (ASX:NEA) share price tumbles 11% following capital raising
• Why IGO, IPH, Jumbo, & Whitehaven shares are pushing higher 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 Nearmap Ltd. and Xero. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Nearmap 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 ASX 200 down 0.95%: Rio Tinto (ASX:RIO) CEO exits, Nearmap (ASX:NEA) sinks lower appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/35rx655

The CEO and two other executives have now departed Rio Tinto Limited (ASX: RIO), but shareholders are demanding more.

Chief executive Jean-Sebastien Jacques, iron ore head Chris Salisbury and corporate affairs boss Simone Niven all exited Friday by “mutual agreement”.

The mining giant made the move in reaction to shareholder outrage over the destruction of Juukan Gorge, a site of significant historical and cultural value in Western Australia.

What led to this?

Only two weeks ago, Rio Tinto refused to blame any one person or decision over the May explosion, insisting $7 million reductions in exec bonuses were enough.

That left shareholders, including major superannuation funds and the Future Fund, fuming.

“Does the company feel that £4 million is the right price for the destruction of cultural heritage?” Australian Council of Superannuation Investors (ACSI) chief Louise Davidson said at the time.

Future Fund chair and former federal treasurer Peter Costello reportedly met Rio Tinto chair Simon Thompson to tell him heads would have to roll.

So on Friday morning the Rio Tinto board executed a stunning backflip, cutting loose its CEO and two senior executives.

Sackings welcome but Rio has plenty more to do

However, there was more work for Rio Tinto to do, according to shareholder advocate Australasian Centre for Corporate Responsibility (ACCR).

“The removal of these three executives is just the first step,” ACCR legal counsel James Fitzgerald told The Motley Fool.

“The behaviour of the Board and senior management is reminiscent of the arrogant ignorance that led to Rio Tinto’s withdrawal from Bougainville in 1989.”

While the “tragic destruction” of Juukan Gorge cannot be undone, the “dishonest malaise” in the four months since had disgusted shareholders. 

“Investors have stepped up in this instance and demonstrated that they will not accept corporate misinformation and the absolute disrespect to cultural sites that has become Rio’s modus operandi,” said Fitzgerald.

“Shareholder democracy and investor action is alive and well in Australia.”

The ACSI welcomed the executive departures, but also warned more action was required.

“Rio Tinto now has the opportunity to address the necessary remediation, cultural heritage and risk processes with fresh eyes,” said Davidson on Friday.

“Rio Tinto must prioritise working with traditional owners the Puutu Kunti Kurrama and Pinikura people to rebuild their relationship. It is critical that this is not delayed.”

Executives better ‘think twice’

Fitzgerald said captains of industry would now “think twice” before misleading investors, the community and parliamentary enquiries.

“This is just the first step on a long path towards restoring Rio Tinto’s good practice and reputation in its relationships with Indigenous peoples.”

There were reports that Rio Tinto’s own cultural relations employees were muzzled or ignored in the decision-making leading up to the Gorge blow-up.

“The company’s conscientious but beleaguered communities staff deserve to be supported and encouraged in their important work,” said Fitzgerald.

Future board appointments at Rio would be carefully monitored, said Davison, to ensure awareness of community and societal responsibilities.

“We will also be looking closely at the separation arrangements, with the expectation that any exit won’t provide a windfall for executives on their departure.”

More reading

• ASX 200 down 0.95%: Rio Tinto (ASX:RIO) CEO exits, Nearmap (ASX:NEA) sinks lower
• IGO share price surges on potential sale of Tropicana
• Rio Tinto (ASX:RIO) announces CEO exit following Juukan destruction
• Why the Rio Tinto share price is outperforming its peers
• Why you should use the market sell-off to buy these ASX stocks

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. 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.

The post Rio Tinto (ASX:RIO) heads roll, but investors want more appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/3iiYI09

The Retail Food Group Limited (ASX: RFG) share price has jumped 4.69% this morning after the company announced it was selling its Dairy Country business.

Retail Food Group’s share price is trading at 6.7 cents at the time of writing. In comparison, the broader All Ordinaries Index (ASX: XAO) is down 0.9% to 6,033 points.

Retail Food Group is a global food and beverage company that operates in the bakery/cafe division, coffee retail, and manufacturing and distribution operations.

Since it was established in 1989, Retail Food Group has grown to become Australia’s largest multi-brand retail food and beverage franchise owner, servicing more than 1,150 locations.

Dairy Country sale

The company announced it was selling the business and assets of its subsidiary, Dairy Country, to Fonterra Brands for $19.23 million. This is expected to benefit Retail Food Group in a number of ways.

Net proceeds from the sale will be used to extinguish Dairy Country’s working capital facility, and to make a further repayment of Retail Food Group’s debt obligations. This will free up the company’s cash flow and allow it to respond to the evolving retail landscape affected by COVID-19.

Settlement is expected by October 2020, pending net working capital adjustments and conditions such as a foreign investment review board approval.

What did management say?

Executive chair Peter George was optimistic about the sale re-aligning the group’s core values and strategic interests. He said:

Dairy Country has represented a reliable past contributor to group earnings, however, is no longer considered an appropriate fit with RFG’s strategic intent to focus its resources on the company’s core retail food franchising and coffee businesses.

Mr George added the sale would give the company more flexibility within its balance sheet, saying:

The transaction facilitates the company’s exit from foodservice and manufacturing pursuits, providing the group with a less complex business model that enables RFG to dedicate its resources towards driving positive outcomes for its franchisee community, and building value for its wholesale coffee business following its FY20 restructure.

About the Retail Food Group share price

The Retail Food Group share price has regained 146% since its March low of 2.6 cents. However, since the beginning of the calendar year, the Retail Food Group share price is trading 35% lower.

More reading

• Myer (ASX:MYR) share price dives 15% as FY20 results fail to impress
• 4DS Memory (ASX:4DS) share price rockets 46% higher today
• Why Brainchip (ASX:BRN) shares are topping the ASX today
• ‘We could be heading for a lot of pain’
• The Castillo Copper (ASX:CCZ) share price is up 140% in 2020. Here’s why.

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. 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.

The post Why the Retail Food Group (ASX:RFG) share price is up 4% appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/35ofJSL

The S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a very disappointing note. At the time of writing the benchmark index is down 0.85% to 5,858.7 points.

Four shares that have fallen more than most today are listed below. Here’s why they are tumbling lower:

The BrainChip Holdings Ltd (ASX: BRN) share price has crashed 13.5% lower to 65.5 cents. This decline appears to have been driven by profit taking after some stellar gains by the artificial intelligence technology company’s shares. While BrainChip is an exciting company, it still has an enormous amount to prove. So, it isn’t at all surprising to see its shares come crashing lower. Especially given its billion-dollar market capitalisation on next to no revenue.

The Evolution Mining Ltd (ASX: EVN) share price is down almost 3% to $5.62. This follows a pullback in the spot gold price overnight. It isn’t just Evolution that is under pressure. A number of popular gold miners are dropping notably lower today. This has led to the S&P/ASX All Ordinaries Gold index dropping 1.9% this morning.

The Nearmap Ltd (ASX: NEA) share price has returned from its trading halt and is down over 11% to $2.56. This morning the aerial imagery technology and location data company announced the successful completion of its fully underwritten institutional placement. Nearmap raised $72.1 million at a 4.2% discount of $2.77. These funds will be used to support its growth. In addition to this, Goldman Sachs downgraded its shares to a neutral rating this morning.

The Zip Co Ltd (ASX: Z1P) share price has continued its slide and is down a further 7.5% to $5.94. As well as getting caught up in the tech selloff, concerns over increasing competition appear to be weighing on Zip’s shares. Two of the big four banks have announced interest free credit cards this week to compete with buy now pay later providers.

More reading

• Nearmap (ASX:NEA) share price tumbles 11% following capital raising
• A guide to using the dollar-cost averaging strategy
• Is the Zip (ASX:Z1P) share price a buy in the tech crash?
• 5 things to watch on the ASX 200 on Friday
• ASX 200 rises 0.5%, gold miners glitter

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 Nearmap Ltd. and ZIPCOLTD FPO. The Motley Fool Australia has recommended Nearmap 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 Why BrainChip, Evolution, Nearmap, & Zip shares are tumbling lower appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/3hiKniM

The Nearmap Ltd (ASX: NEA) share price is down 11.07% in mid-morning trading after emerging from yesterday’s trading halt. At the time of writing, the Nearmap share price has fallen to $2.59 after closing yesterday’s session at $2.57.

Nearmap requested the trading halt following its ASX announcement of a capital raising.

The $90 million capital raising is comprised of a $20 million share purchase plan and a $70 million institutional placement. Nearmap stated it plans to use the funds to increase its investments in sales and marketing, with a focus on its dominant market in North America.

The company also plans to accelerate the roll out of its next generation camera systems, HyperCamera3, and potentially expand its operations into new geographic locations.

What does Nearmap do?

Nearmap was founded in 1998 in Perth. The company provides high resolution aerial imagery technology and location data for companies and government customers across Australia, the United States, Canada and New Zealand. Its technology allows customers to conduct detailed virtual site visits rather than needing to fly to and over the locations in person.

Nearmap shares first traded on the ASX in 2000. Today, the company has a market capitalisation of $1.3 billion.

What Nearmap’s CEO Rob Newman told us about the capital raising

I caught up with Nearmap’s CEO, Dr Rob Newman, via Zoom yesterday afternoon to get his views on the company’s $90 million capital raising.

Firstly, I wanted to find out the rationale behind the timing of the capital raising.

Newman explained:

We think this is a really good time for us to accelerate our growth and this additional capital will allow us to do that. We see a very strong opportunity (to grow) in North America; it’s been there all the time.

As you know, the last 6 months have been quite disruptive globally. What we’ve found, looking back at how our business has performed over the past 6 months, is that our business is very resilient, that we continue to grow. We’re seeing specific opportunities in those verticals which I mentioned in the release: insurance, government and roofing.

In the release, Newman stated that these three verticals “have benefitted from the increasing attractiveness of our premium content types and we see a significant opportunity for Nearmap to establish a leadership position in each.”

Newman told me that somewhat less than a third of the new capital will go into sales and marketing in the short term to support these three verticals. Though he noted that, “As the business continues to grow, we’ll continue to invest in sales and marketing.”

$15 million is allocated to accelerate the roll out of Nearmap’s next generation HyperCamera3.

Newman said:

If we hadn’t allocated $15 million to the roll out (of HyperCamera3), we’d have to roll them out in ones or twos. These systems cost somewhere around half a million dollars each. With this capital we can roll out a significant amount of systems and really increase our coverage in North America and allow us to go to Europe if we choose to.

Having mentioned Europe, Newman stressed that the capital raising won’t have any direct influence on Nearmap’s expansion into the continent. However, the company is happy to accommodate its existing customers if they want content in Europe. Newman added that, “HyperCamera3 will be a much more productive system given the weather in large parts of Europe, so that certainly will help us expand into that market.”

As for Nearmap’s growth outlook, Newman pointed out that, “We’ve previously guided that our growth rate would be somewhere between 20–40%. And if you look at where most of the analysts have it, it’s much more towards the bottom end of that range.”

Following its capital raising, however, Newman says the company can now “grow at a much faster rate” and see a push up in that guidance rate, though that accelerated growth likely won’t begin to materialise until next year, as Nearmap makes the investments.

Finally, I wanted to know how Nearmap determined the $70 million to $20 million split between the institutional placement and the share purchase plan.

Newman explained:

We do a lot of analysis on the amount of capital we require. We know we need to lock in the $70 million, so that’s underwritten, committed from our banking partner. Then with the additional $20 million, obviously we want to be fair to our retail shareholders so they can participate in this as well. Now that’s not committed; we’re not committing our retail shareholders, but giving them an opportunity to invest on very good terms. (Either) the lower of the price that we do today (yesterday) or a discount to the weighted average at the end of this share purchase period.

It’s a nice way to balance getting the commitment to the capital that we need from the institutional investors and also being fair to our retail shareholders. And we’d like to get that extra $20 million because that would allow us to accelerate even more.

Newman said Nearmap is very confident in the state of its business.

Despite today’s selloff, the Nearmap share price is up 2.39% year to date, overcoming a crushing 64% fall during the COVID-19 panic selling.

More reading

• Why BrainChip, Evolution, Nearmap, & Zip shares are tumbling lower
• 5 things to watch on the ASX 200 on Friday
• ASX 200 rises 0.5%, gold miners glitter
• ASX 200 up 0.7%: Nearmap (ASX:NEA) launches capital raising, Afterpay (ASX:APT) rebounds
• Nearmap (ASX:NEA) share price halted for $90 million capital raising

Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Nearmap Ltd. The Motley Fool Australia has recommended Nearmap 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 Nearmap (ASX:NEA) share price tumbles 11% following capital raising appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/32iVNyX

In late morning trade the S&P/ASX 200 Index (ASX: XJO) has followed the lead of U.S. markets and is on course to record a disappointing decline. The benchmark index is currently down 0.95% to 5,852.6 points.

Four shares that have not let that hold them back today are listed below. Here’s why they are pushing higher:

The IGO Ltd (ASX: IGO) share price is up 2.5% to $4.50. This follows an announcement by the nickel producer that it is exploring options for its 30% holding in the Tropicana gold mine. It has received unsolicited enquiries regarding the asset and management is now looking into various opportunities to unlock value for shareholders.

The IPH Ltd (ASX: IPH) share price has climbed over 2% to $6.96 despite there being no news out of the intellectual property services company. The IPH share price has been a positive performer this week during the market volatility. Investors may be attracted to its defensive earnings and relatively modest valuation.

The Jumbo Interactive Ltd (ASX: JIN) share price has stormed 4% higher to $14.37. This gain could be in relation to the online lottery ticket seller benefiting from a series of large jackpots recently. In addition to this, with its shares almost halving in value from their 52-week high, investors may believe they are in the bargain bin at present.

The Whitehaven Coal Ltd (ASX: WHC) share price has climbed 3% to 87.2 cents. Investors have been buying the coal miner’s shares after a rise in the thermal coal price overnight. According to CommSec, the spot thermal coal price lifted by 1.9% to US$49.75 per tonne during overnight trade. Bargain hunters may also be swooping in on Friday. Even after today’s gain, the Whitehaven Coal share price is down a massive 75% from its 52 week high.

More reading

• IGO share price surges on potential sale of Tropicana
• ASX 200 drops over 2%, tech and oil fall
• Why BrainChip, Codan, IPH, & Nufarm shares are climbing higher today
• Why Jumbo, St Barbara, Sydney Airport, & Uniti shares are dropping lower
• 5 things to watch on the ASX 200 on Tuesday

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Jumbo Interactive Limited. The Motley Fool Australia owns shares of and has recommended Jumbo Interactive 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 IGO, IPH, Jumbo, & Whitehaven shares are pushing higher today appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2Fpa5oy

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

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

What happened

On Thursday, shares of electric-car maker Tesla Inc (NASDAQ: TSLA) continued to rebound from their worst one-day sell-off on record earlier this week. The stock jumped as much as 8.9%, but as of 11:15 a.m. EDT yesterday, it had settled to about a 6% gain. Tesla stock closed the day 1.38% higher.

The move higher on Thursday extends Wednesday’s rally for the growth stock. Based on this two-day rebound, investors seem to believe that Tesla shares were oversold during a big sell-off on Tuesday, creating a buying opportunity.

So what

Until Wednesday, Tesla was seeing significant selling pressure this month. The stock appeared to be taking a breather after a wild run higher. It had gained about 500% between the end of 2019 and 31 August – a move that seemed to persuade some shareholders that it was time to do some profit-taking.

But after the September sell-off worsened on Tuesday, when the stock slid about 21% in a single day, some investors appear to be aggressively buying shares.

Now what

While Tesla is still down 19% in September, investors should keep in mind that the growth stock certainly isn’t cheap. The company trades at about 17 times sales, up from a multiple of about eight as recently as a few months ago and a multiple of three just last year. With the stock’s valuation changing so quickly, continued volatility is almost inevitable. 

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

More reading

• The biggest threat to tech shares
• Tech shares lead ASX rebound but Afterpay (ASX:APT) faces mounting competition
• Correction or crash for ASX 200 shares?
• ‘We could be heading for a lot of pain’
• Tech share prices are down but not out. When should you buy?

Daniel Sparks has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Tesla. 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.

The post Why Tesla stock jumped again on Thursday appeared first on Motley Fool Australia.

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

from Motley Fool Australia https://ift.tt/3hjVBDM

On Friday morning the JB Hi-Fi Limited (ASX: JBH) share price is trading lower following general market weakness after another poor night on Wall Street.

While this is disappointing, easing the blow for shareholders is the fact that today is the day they will be paid the retail giant’s 90 cents per share fully franked final dividend.

While some shareholders may use these funds as income to live from, others may wish to invest the money back into the share market.

For the latter group, here are three ASX shares I would invest these dividends into:

Kogan.com Ltd (ASX: KGN)

If you’re interested in investing these funds into a growth share, then you might want to consider Kogan. I think the ecommerce company would be a great long term option for investors due to continued shift to online shopping. In addition to this, its expansion into potentially lucrative verticals, the growing Kogan Marketplace, and potential value accretive acquisitions should support its earnings growth in the future.

SEEK Limited (ASX: SEK)

Looking for a blue chip ASX share to invest these funds into? Then I believe this job listings giant could be a top option. Although the immediate term will be very tough because of the pandemic, I believe SEEK has the potential to be a strong performer over the long term. This is thanks to its dominating ANZ business and its rapidly growing Chinese operation. All in all, I feel confident the company will deliver on its aspirational revenue target of $5 billion later this decade. This represents a big increase on the revenue of $1,577.4 million it posted in FY 2020.

Telstra Corporation Ltd (ASX: TLS)

If you’re interested in generating even more dividends in the future, then I think Telstra would be worth considering. I think its shares are great value given its positive medium term outlook, defensive qualities, and generous dividend yield. In respect to the latter, I’m confident that Telstra will maintain its 16 cents per share dividend in FY 2021 by adjusting its policy to a free cash flow based one. If it does this, it will provide investors with a fully franked 5.6% dividend yield.

More reading

• Is the Telstra (ASX:TLS) dividend sustainable? This analysts thinks it is
• 5 things to watch on the ASX 200 on Friday
• Why I would buy Telstra (ASX:TLS) and this outstanding ASX 50 share
• Why I would buy Telstra (ASX:TLS) and 1 other ultra-cheap ASX share today
• Why you shouldn’t be concerned by the high PE multiples of ASX tech shares

James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Kogan.com ltd. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia has recommended Kogan.com ltd and SEEK 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 Where to invest your JB Hi-Fi (ASX:JBH) dividends today appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2FpVHfX