I like to keep an eye on substantial shareholder notices. This is because these notices give you an idea of which shares large investors, asset managers, and investment funds are buying or selling.

Two notices that have caught my eye today are summarised below. Here’s what these fund managers have been buying:

Altium Limited (ASX: ALU)

A notice of change of interests of substantial holder shows that Pinnacle Investment Management Group Ltd (ASX: PNI) has taken advantage of recent weakness in the Altium share price to increase its holding. According to the notice, Pinnacle and its subsidiaries have lifted their holding by 1.3 million shares throughout June and July to a total of 8,263,904 shares. This represents a 6.21% stake in the electronic design software company.

The Altium share price is currently down 20% from its 52-week high, at a time when many of its industry peers are hitting record highs. Investors have been selling Altium’s shares after the pandemic weighed heavily on its performance in FY 2020. Judging by its purchases, Pinnacle appears confident this is just a short term headwind and that its long term outlook remains as positive as ever.

Costa Group Holdings Ltd (ASX: CGC)

A notice of initial substantial holder reveals that AMP Limited (ASX: AMP) has become a major shareholder of this horticulture company. According to the notice, the financial services company has been building a position in Costa over the last few months. This leaves AMP with a total of 20,387,887 shares, which is the equivalent of a 5.09% stake in the company.

With Costa’s shares down 30% from their 52-week high, it appears as though AMP sees a lot of value in them at the current level. One broker that would agree is Citi. Earlier this month it put a buy rating and $3.40 price target on Costa’s shares. This compares to the current Costa share price of $2.96.

More reading

• Why buying Altium shares could make you rich
• Brokers name 3 ASX 200 shares to buy today
• 3 ASX dividend shares growing their payouts fast
• ASX 200 down 0.2%: Big four banks tumble, Afterpay surges higher again
• Zip share price surges 30% in a week. Are we calling bubble yet?

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 Altium. The Motley Fool Australia owns shares of and has recommended COSTA GRP FPO. 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 S&P/ASX 50 index is home to 50 of the largest shares on the Australian share market. These are predominantly household names and companies of true blue chip status.

While I wouldn’t necessarily be buying all shares on the index, I think there are a few that could be strong buys. Here’s why I would buy these three ASX 50 shares:

a2 Milk Company Ltd (ASX: A2M)

This infant formula and fresh milk company is the most recent addition to the ASX 50 index. It was included in the index at the June quarterly rebalance at the expense of financial services company AMP Limited (ASX: AMP). I think a2 Milk Company would be a great investment option due to its very positive long term outlook. This is thanks to the unquenchable appetite for its infant formula in China. Pleasingly, despite its incredible sales growth in the lucrative market, it still only has a consumption market share of 6.6%. I believe this gives a2 Milk Company a long runway for growth, which should be supported by its expanding fresh milk footprint and potential acquisitions/new product launches.

Cochlear Limited (ASX: COH)

Another ASX 50 share to consider buying is this hearing solutions specialist. Like a2 Milk Company, I think Cochlear also has a very positive long-term outlook. This is due to ageing populations and the fact that hearing tends to fade as people get older. I expect this to lead to strong demand for its high quality products over the next couple of decades and drive consistently solid sales growth. Another positive is its high level of investment in R&D and the industry’s high barriers to entry. I expect this to keep Cochlear as an industry leader for a long time to come.

Ramsay Health Care Limited (ASX: RHC)

A final ASX 50 share to consider buying is Ramsay Health Care. Although the private hospital operator’s near term growth is likely to be subdued, I continue to believe that its long term outlook is very positive. This is because Ramsay’s world class network of 480 facilities across 11 countries are well-positioned to benefit from the expected growth in demand for healthcare services over the next couple of decades. In addition to this, the company has a long history of making earnings accretive acquisitions. I expect more acquisitions to be made in the coming years. Combined with organic growth, this should lead to solid earnings growth over the long term.

More reading

• 3 defensive ASX shares to add to your portfolio
• Why I would buy a2 Milk Company and these ASX growth shares right now
• ASX income stalwart WAM Capital announces 8.2% dividend
• Top brokers name 3 ASX shares to buy right now
• Why I’m watching the a2 Milk share price

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 Cochlear Ltd. The Motley Fool Australia owns shares of A2 Milk. The Motley Fool Australia has recommended Cochlear Ltd. and Ramsay Health Care 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.

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While attempting to get rich by day trading can be tempting, it is worth remembering that statistically it creates far more losers than winners.

In light of this, I believe that if you’re interested in building your wealth, you should focus on buying and holding ASX shares over the long term.

But which shares should you buy? While there are a number of quality options on the ASX, I think Altium Limited (ASX: ALU) shares are up there with the best of the best.

What is Altium?

Altium is the company behind leading printed circuit board (PCB) design software platform, Altium Designer. It also has a number of complementary businesses such as the Octopart electronic and industrial parts search engine and the NEXUS design collaboration panel.

While its performance in FY 2020 has been disappointing given its impressive growth in recent years, it is worth noting that this is entirely down to the coronavirus pandemic. Take that out of the equation and Altium would almost certainly have smashed expectations again this year.  

In light of this, I believe investors should look beyond this short term weakness and focus on its strong long term growth potential.

This is thanks to its exposure to the Internet of Things market which continues to grow at a rapid rate. As the majority of connected devices require PCBs inside them to function, demand for Altium’s software looks set to continue to increase.

Management certainly believes this will be the case and continues with its aspirational revenue target of US$500 million by FY 2025. This is almost triple FY 2019’s revenue of US$171.8 million.

If it achieves this, which I believe it will, I expect it to lead to very strong earnings and dividend growth as it scales.

All in all, I think this makes the recent weakness in the Altium share price a buying opportunity for investors.

More reading

• Fund managers have been buying Costa and this ASX 200 share
• 3 ASX dividend shares growing their payouts fast
• Altium and these ASX 200 shares could be quality buy and hold options
• 3 of the best ASX tech shares to buy in July
• 2 ASX shares I would buy for growth and income

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 Altium. 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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Australia’s top brokers have been busy adjusting their estimates and recommendations again, leading to the release of a large number of broker notes this week.

Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX 200 shares are in the buy zone:

Aristocrat Leisure Limited (ASX: ALL)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $30.00 price target on this gaming technology company’s shares. The broker notes that Aristocrat Leisure’s digital business is performing a lot better than it expected. This is particularly the case with its Raid: Shadow Legends game, which it believes is generating material revenues. This is good news given the tough trading conditions its pokie machine businesses are facing. I agree with Morgan Stanley and see value in the Aristocrat Leisure share price.

CSL Limited (ASX: CSL)

A note out of UBS reveals that its analysts have retained their buy rating on this biotherapeutics company’s shares but trimmed the price target on them slightly to $331.00. UBS believes that a spike in coronavirus cases in the United States will weigh on its plasma collections in the near term. While this will create headwinds, it appears confident that other areas of the business will offset this and support earnings growth in FY 2021. I think UBS is spot on and I would buy CSL shares today.

Vocus Group Ltd (ASX: VOC)

Another note out of UBS reveals that its analysts have upgraded this telecommunications company’s shares to a buy rating with a $3.60 price target. UBS made the move on valuation grounds after the Vocus share price underperformed over recent months. It sees a lot of value in its shares at the current level, even after lowering its earnings estimates slightly to reflect higher costs. While I think UBS makes some fair points, Vocus wouldn’t be my top pick in the telco sector right now.

More reading

• Fund managers have been buying Costa and this ASX 200 share
• 3 ASX dividend shares growing their payouts fast
• ASX 200 down 0.2%: Big four banks tumble, Afterpay surges higher again
• Zip share price surges 30% in a week. Are we calling bubble yet?
• Is the Woolworths share price a 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 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 De Grey Mining Limited (ASX: DEG) share price spiralled upwards in June, hitting highs of 97 cents, which represents a whopping 107% increase for the month. It’s clear the mining explorations share has thrown aside all worry of the coronavirus pandemic, climbing a huge 1,460% this year so far.

Since the end of June, De Grey’s share price has retracted some of its gains and is now sitting at 78 cents at the time of writing.

Why did the De Grey share price take off in June?

De Grey’s exploding share price saw its market cap soar above $1 billion as the company was added to the S&P/All Ordinaries Index (ASX: XAO) for the first time in mid-June.

De Grey is a small ASX miner that specialises in gold, silver and base metals. The De Grey share price has been driven up by the gold price in 2020 as investors understand that De Grey’s profitability is influenced by 3 factors: how much gold it can mine, the gold price, and how much it costs the company to extract the gold.

In June, there was a persistent stream of good news from De Grey, largely out of its Hemi discovery zone:

• On 5 June, the miner announced it was extending its Hemi drilling site in Western Australia, which sent the De Grey share price skyrocketing 31% in one day.
• In the same release, De Grey also announced its new Brolga extension at its Hemi site, which has now returned “excellent” gold discoveries just one month later.
• On 9 June, De Grey provided a drilling update on its Aquila zone within the Hemi site, which revealed the discovery of broad, high-grade gold extensions at Aquila. It also confirmed wide spaced drilling was advancing to the west of Aquila, and the discovery of encouraging finds approximately 500m to the west of Aquila.
• On 22 June,De Grey announced additional high-grade gold finds at Hemi, including a further 8 gold discoveries from the Aquila zone, along with news that it was planning a further expansion. The subsequent couple of days saw the De Grey share price rise a staggering 39%.

Foolish takeaway

Gold is viewed by many investors as a ‘safe haven’ asset and an effective portfolio hedge against economic uncertainty, and the De Grey share price has been enjoying the large tailwinds arising from the strong gold price over the past few months.

At the time of writing, the De Grey share price is down by 8.24% to 78 cents per share. 

More reading

• De Grey Mining share price plunges 5% despite announcing “excellent” gold recoveries
• Why De Grey, Resolute, Suncorp, & Webjet shares are dropping lower
• Why De Grey, Fisher & Paykel Healthcare, Perseus, & PolyNovo shares are charging higher
• $10,000 invested in De Grey Mining shares in January would be worth $165,000 today
• De Grey Mining share price up 25%, hitting 9-year high

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.

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Finding a high-yielding ASX dividend share isn’t that onerous of a task. An ASX share’s dividend yield is one of the easiest statistics to find or work out yourself. A quick internet search for the highest-yielding dividend shares will probably give you a list of names like Telstra Corporation Ltd (ASX: TLS), WAM Capital Ltd (ASX: WAM) or Fortescue Metals Group Limited (ASX: FMG).

But finding the dividend stars of tomorrow? That’s where things become a whole lot more interesting. So here are 3 ASX dividend shares that I think will be amongst the best yielding investments over the next 10 years and beyond.

CSL Limited (ASX: CSL)

CSL is the ASX’s largest company and a giant in the global healthcare space. But unusually for an ASX 20 company, CSL doesn’t have a particularly eye-grabbing trailing yield – it’s currently sitting at 1.04%. But dividend investors ignore this company at their peril.

CSL paid out US$1.13 in dividends back in the 2014 financial year. By FY19, it had grown its payouts to US$1.85 – a compounded average growth rate of 10.36% per annum over 5 years. In March this year, CSL announced its interim dividend would be 95 US cents a share, up 11.76% from the previous interim payout of 85 cents. These growth rates are very exciting for anyone holding CSL shares, and as a result, I expect this ASX giant to be a hefty income share in the years to come.

Cleanaway Waste Management Ltd (ASX: CWY)

Cleanaway is a provider of waste management and disposal services — the largest of its kind on the ASX. You might even recognise the name from your local ‘garbo’ truck, as Cleanaway has dozens of local government waste collection contracts. Cleanaway has been described as something of a growth company due to its share price rising more than 190% over the past 5 years.

But the company has also been quietly growing its dividend as well. Back in FY15, Cleanaway shareholders received 2.2 cents per share in dividends. But in FY20, this had blown out to 3.9 cents per share –  a compounded average growth rate of 12.13%. As such, I’m excited about this ‘boring’ company’s future dividend potential.

Altium Limited (ASX: ALU)

Our final dividend growth share for today is WAAAX darling Altium. Altium is a tech company that markets software that helps electrical engineers design and build printed circuit boards.

The company has been growing fast, with the Altium share price climbing from $4.30 per share 5 years ago to $34.43 today. Although Altium is known as one of the hottest growth shares on the ASX, it also pays a small dividend (unlike most WAAAX shares). Today, this dividend is worth a yield of 1.1%. But considering Altium has grown this payout from 16 cents per share in FY15 to 38 cents per share in FY20 (a compound average growth rate of 18.89% per annum), the future for Altium as a dividend share is looking very bright indeed.

More reading

• Fund managers have been buying Costa and this ASX 200 share
• Why buying Altium shares could make you rich
• Brokers name 3 ASX 200 shares to buy today
• Why the Telstra share price could be set to soar
• 3 quality ASX dividend shares to buy today

Sebastian Bowen owns shares of Telstra Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Altium and CSL Ltd. The Motley Fool Australia owns shares of and has recommended 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.

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Although we are always attracted to the latest tech stock outperforming the market and showing up on every news station, defensive shares are what anchor your portfolio in times of crisis.

No matter what your risk tolerance, it pays to have a few of these ‘all weather’ players in your holdings. Here are 3 defensive ASX shares that are worthy of consideration.

Coca-Cola Amatil Ltd (ASX: CCL)

Coca-Cola prepares, distributes and sells a huge range of alcoholic and non-alcoholic beverage products. It has a steady income and isn’t hugely affected by market downturns (we still drink coffee in a crisis, right?).

Trading at around $8.50 a share at the time of writing, Coca-Cola Amatil represents both a defensive share and value for money, in my opinion. Before the COVID-19 crash in March this year, Coca-Cola shares reached a 52-week high of $13.18. In fact, the Coca-Cola share price has reached around $10 for the last 13 years in a row, which lends weight to the opinion that its current price of $8.50 could be well undervalued.

Coca-Cola shares also provide investors with a healthy dividend return of 5.51%, which, when added to the undervalued nature of the stock, makes this one to add to the portfolio, in my view.

Woolworths Group Ltd (ASX: WOW)

Woolworths operates retail grocery stores on a large scale. The nature of its business (providing items of necessity) makes it an ideal candidate to stabilise any portfolio.

The Woolworths share price is trading at $38.21 per share at the time of writing. While it hasn’t fully recovered to its pre-crash highs, the Woolworths share price has displayed resilience throughout the recent market volatility. This stability is not surprising considering the nature of the COVID-19 pandemic (we’ve all seen the run on food at our local Woolies). During times of panic, people prioritise the necessities and Woolworths sells them all.

The Woolworths share price has risen by more than 40% over the last decade, which is great for a defensive stock. Woolworths also pays its shareholders a dividend of 2.70%, which isn’t high, but the combination of steady growth, stable earnings and dividend payments certainly make a strong case to add Woolworths shares to any portfolio for the long term, in my view.

Ramsay Health Care Limited (ASX: RHC)

Ramsay Health Care provides healthcare to both public and private patients across Australia. The Ramsay share price recovered quickly following the crash in March, trading at $63.62 per share at the time of writing. This represents a 21% discount on pre-COVID highs.

Due to the nature of its business, I think Ramsay is an ideal candidate to add to your portfolio in a heath crisis. Healthcare is a constant necessity and the current crisis only elevates the value of the industry. While the share price may be 21% lower than pre-March highs, Ramsay shares have grown approximately 370% over the last decade, which is fantastic for investors.

Dividend-wise, the return is 2.42% (at the time of writing). Although Ramsay has ensured its dividend has remained both stable and growing over the last decade, in April this year it announced that the dividend would be temporarily suspended amidst COVID-19 concerns and reductions in elective surgeries. We wait for further announcements from the company on the future date of resumption.

In my opinion, Ramsay Health Care is an easy choice to add to the portfolio for any investor.

Foolish takeaway

Having a few ‘all weather’ stocks in the portfolio might not seem attractive from a high growth point of view, however they provide stability, comfort and long-term stable growth. All 3 defensive ASX shares above represent industries that will continue to operate, regardless of the economic environment. Having them in the portfolio can protect profits in a downturn and certainly help you sleep at night!

More reading

• 3 of the best ASX 50 shares to buy right now
• Is the Woolworths share price a buy?
• Secos share price soars 250% on Woolies deal
• 3 dependable, blue chip ASX shares for uncertain times
• Is it possible Aussies are saving too much?

Motley Fool contributor glennleese has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Woolworths Limited. The Motley Fool Australia has recommended Ramsay Health Care 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.

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The AUB Group Ltd (ASX: AUB) share price is up by 3% to $14.77 at the time of writing, following a positive trading update out of the insurance broker.

What was in the announcement?

According to the announcement, AUB Group had strong June trading results. The company expects underlying net profit after tax for the 2020 financial year to be at the top end of the previously announced guidance range of $52 million to $53 million. This represents growth of 12–14% compared to the 2019 financial year. The announcement was based on unaudited figures.

According to the announcement, AUB Group expects to release its full financial year 2020 results on Monday 24 August.

How has AUB Group performed recently?

AUB Group is an equity-based insurance broker with a network of 93 businesses. It services more than 600,000 clients and over one million policies across more than 450 locations.`

AUB Group has confirmed it will pay an interim dividend of 14.5 cents per share on 3 September 2020, with its final dividend yet to be announced. 

In the first half of the 2020 financial year, AUB Group reported underlying revenue of $272.1 million. This was a 5.9% increase on the same period in the 2019 financial year. Adjusted net profit after tax for the first half of the 2020 financial year was $21.3 million, a 25.3% increase on the same period in 2019.

Commenting on the results, AUB managing director and group CEO Mike Emmett said: “I’m pleased by the financial resilience of the business and the financial performance to date. We’re accelerating progress with strategic initiatives and continuing to reduce costs thereby improving the underlying performance of the Group.” 

In June, AUB Group was added to the S&P/ASX 200 Index (ASX: XJO) to take its place as one of the 200 biggest companies on the ASX by market capitalisation. The AUB Group’s current market capitalisation is just over $1 billion.

About the AUB Group share price

The AUB Group share price has jumped 64% from its 52 week low of $9.01 reached in April. It has risen 22.86% since the beginning of January. The AUB Group share price has risen 32.6% since this time last year.

More reading

• Top brokers recommending you buy these ASX shares in this market sell-off

Motley Fool contributor Chris Chitty 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.

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The Silver Lake Resources Limited. (ASX: SLR) share price had climbed higher today following an announcement this morning. Prior to market open, the company reported it has increased the mineral ‘reserves’ of its Deflector Gold Copper Project by 30%. Defector is one of three mines the company operates within Western Australia. Silver Lake has an all-in sustaining cost of ~$1,223 per ounce. 

Why is the Silver Lake share price rising?

Silver Lake has increased its mineral ‘resources’ by 54% to 1.27 million ounces and increased the resource grade by 18% to 13.5 grams per tonne (g/t). Resources is a term used within the gold industry to disclose all the likely gold discovered. However, reserves are the amount of gold that can be economically extracted. In the case of the Deflector Project, the reserves increased to 447,000 ounces and 7,000 tonnes copper. This is an increase of 30% with the ore grade increasing 15% to 6.3 g/t . 

The cost of discovery has been $14 per ounce (oz). This can be compared with Bellevue Gold Ltd (ASX: BGL) which recently disclosed its costs of discovery were $18/oz since December 2017.

Deflector remains a relatively early-stage and shallow underground mine. It also processes product from other sites located nearby for a fee. The growth in Deflector’s ore reserves increases the mine life, allowing Silver Lake to optimise in-mine and near-mine ore sources.

Since the acquisition of Doray Minerals Limited in April 2019, Deflector’s ore reserves and mineral resources have grown significantly in scale and quality, with ore reserves now at their highest in Deflector’s history. This allows the site to optimise future ore production by adding additional mining fronts and providing optimal ore grades to the mill.

Silver Lake share price

The company has a 5-year track record of meeting its guidance. It is cashflow positive and has cash and bullion of ~$227 million with no debt.

The Silver Lake share price is currently at a multi-year high of $2.39, valuing it at around $2 billion. It has a price to earnings ratio of 41.98 and pays no dividend. 

More reading

• Why Kogan, Netwealth, Silver Lake, & Zip Co shares are storming higher
• ASX 200 down 0.2%: Big four banks tumble, Afterpay surges higher again
• Bellevue share price on watch due to project acceleration
• The top 10 performing ASX shares over the past year
• Saracen Mineral and 2 other companies defying the ASX 200

Motley Fool contributor Daryl Mather owns shares of Bellevue Gold 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 Ava Risk Group Ltd (ASX:AVA) share price has stormed more than 40% higher in early trade after the company released a promising market update. The Ava Risk Group share price has since pulled back to 18 cents per share at the time of writing, which is up 24% on yesterday’s close.

What did the Ava Risk Group announce?

Ava Risk Group released a market update earlier today, detailing the company’s earnings guidance and expectations for Q4 of FY20. The company informed the market revenue guidance for the June quarter has been lifted by $1.8 million to $12.3 million.

Ava Risk Group also expects that revenue for the second half of FY20 will be approximately $24.6 million, $2 million higher than previous guidance, with FY20 forecasted around $45 million. The company also expects total earnings before interest, tax, depreciation and amortisation for FY20 to $6.8 million, a $1.8 million lift from previous expectations.

In addition to providing a revised earnings guidance, Ava Risk Group also announced that the company’s chief executive Scott Basham is to resign after joining the group in March 2019.

The company also acknowledged that its technology division had been impacted by the COVID-19 pandemic, with approximately $2.5 million worth of orders delayed.

What does Ava Risk Group do?

Ava Risk Group is a security services company that operates through its technology divisions, Future Fibre Technologies and BQT Solutions. The group’s security solutions include intrusion detection for perimeters, pipelines and data networks, card access control and storage of high value assets.

Earlier this year, the company received a $2.4 million order from Australia’s Department of Defence for access control technology to be implemented at its defence facilities and bases across the country. Ava Risk Group technology is installed in more than 70 countries and the group boasts an impressive client portfolio.

The group believes that with global security concerns growing, there is strong and growing demand for its technologies. The company expects to deliver strong revenue growth fuelled by its large sales pipeline and is well capitalised with $3.7 million cash on hand.

Foolish takeaway

At the time of writing, the Ava Risk Group share price is trading 24.14% higher for the day. The company’s shares closed yesterday’s session at 14 cents and hit an intra-day high of 21 cents earlier today.

More reading

• Fund managers have been buying Costa and this ASX 200 share
• 3 of the best ASX 50 shares to buy right now
• Why buying Altium shares could make you rich
• Brokers name 3 ASX 200 shares to buy today
• Why the De Grey share price rocketed more than 107% in June

Motley Fool contributor Nikhil Gangaram 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 Ava Risk Group share price soars 23% on revenue guidance appeared first on Motley Fool Australia.

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