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It’s been a brutal time recently for ASX technology stocks.

The S&P/ASX All Technology Index (ASX: XTX) has sunk 3.6% over the past week as news of the COVID-19 Omicron variant emerged. Over the past month tech shares have fared even worse, losing a painful 5.44%.

But that’s now presented some buying opportunities.

Shaw and Partners portfolio manager James Gerrish did warn on a Market Matters video that there are some medium-term risks for tech companies.

“Higher interest rates, as [viewers] would know ad nauseum, is a negative for these high-valuation, long-duration assets like technology.”

Nevertheless, there are 3 ASX tech shares at the moment that Gerrish considers as potential bargains:

‘A clear, outstanding buy’

Internet service provider Aussie Broadband Ltd (ASX: ABB) has served its investors exceptionally since listing in October 2020 after an initial public offer price of $1 per share.

The stock closed at $5.21 on Thursday afternoon, even after losing 4.4% for the day.

That equates to a 421% return for those lucky enough to buy in at the IPO.

Gerrish reckons Aussie Broadband is still a fine investment.

“We think that’s a clear, outstanding ‘buy’ around that $5.20 mark at the moment,” he said.

“It’s certainly a stock that we like in the portfolio.”

According to CMC Markets, 4 of 6 analysts agree with Gerrish, rating Aussie Broadband shares as a “strong buy”.

Financial platforms are so hot right now

Gerrish currently is a fan of the financial “platform businesses”.

He revealed that his funds hold both Praemium Ltd (ASX: PPS) and Hub24 Ltd (ASX: HUB).

“To me, the independent platform businesses have got such tailwinds around how investors are holding their assets,” he said.

“And the huge uplift in the value of investable assets over time.”

On Thursday, both Hub24 and Praemium shares lost more than 3% for the day, closing at $27.87 and $1.40 respectively.

Gerrish knows when he’ll jump in.

“I’d be happy to buy Hub sub-$30 and Praemium in the $1.30s as well.”

The post 3 bargain ASX tech shares to buy right now: expert appeared first on The Motley Fool Australia.

More reading

• Aussie Broadband (ASX:ABB) share price slumps as it closes in on OTW
• Why is the Aussie Broadband (ASX:ABB) share price soaring today?
• Why did the Aussie Broadband (ASX:ABB) share price speed 7% higher today?
• Wilson Asset Management believes these 2 leading small cap ASX shares are a buy

Motley Fool contributor Tony Yoo owns shares of Aussie Broadband Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Aussie Broadband Limited, Hub24 Ltd, and Praemium Limited. The Motley Fool Australia has recommended Aussie Broadband Limited, Hub24 Ltd, and Praemium Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Rio Tinto Limited (ASX: RIO) share price sunk below $88 during November. But since then, it has started rising. Is this the beginning of a recovery?

In the first ten days of last month, Rio Tinto shares fell by 3%. But between then and the end of the month, it actually rose by around 7%. Could this be the start of a recovery?

The Rio Tinto share price remains around 30% lower than it was in early August as the iron ore price has dropped significantly since then.

In the last few months there has been concerns about how much demand there is for iron ore. A while ago, it was reported that Chinese officials were telling steel mills to slow down production. The Chinese property developer market has also seemed to be on wobbly ground, with global headlines pointing to Evergrande’s woes multiple times.

The world started contending with the prospect of the dangers of the Omicron COVID-19 variant in November 2021.

But could the momentum of the Rio Tinto share price continue from here?

Positive speculation about Chinese steel mills

Earlier this week, the Australian Financial Review reported on speculation that Chinese steel mills are preparing for an easing of production cuts, perhaps just weeks away. The iron ore price rose to US$103 in response to that possibility.

Chinese research group MySteel reportedly said that China’s steel mills are restocking with a potential restart of idled plants in December. MySteel said it expects pig iron production – iron that has been put in a blast furnace to be used for steel or other uses – to rise by 37,000 tonnes per day by the end of the year.

Higher demand for iron ore could support the iron price, which in turn could help profit for the ASX miner and the Rio Tinto share price.

Vale downgrades production

Vale, one of the world’s biggest iron ore miners, recently downgraded how much iron ore it expects to produce this year.

It announced a reduction from the previous production guidance range of 315mt to 335mt to the lower range of 315mt to 320mt.

The 2022 production guidance was also reduced to a range of between 320mt to 335mt.

Vale told investors that it wanted to protect its profit margins over production volume, therefore it is holding back shipments of lower-quality ore.

Is the Rio Tinto share price good value today?

Brokers are mixed on Rio Tinto.

For example, UBS still rates Rio Tino as a sell, with a price target of $79 because of the seeming vulnerable conditions for the iron ore price.

However, at the opposite end of this are the analysts at Macquarie Group Ltd (ASX: MQG) which rates the Rio Tinto share price as a buy with a price target of $133 because there is still ongoing decent demand for iron ore.

The post Did the Rio Tinto (ASX:RIO) share price start a recovery in November 2021? appeared first on The Motley Fool Australia.

More reading

• Macquarie (ASX:MQG) share price gains as former RBA governor named chair
• The Fortescue (ASX:FMG) share price hit by broker downgrade
• ASX shares to buy for the Omicron COVID outbreak
• Why is the Rio Tinto (ASX:RIO) share price having such a great day?
• What’s JP Morgan saying about ASX 200 bank shares?

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re wanting to add some ASX dividend shares to your portfolio, then the two listed below could be ones to consider.

Here’s why analysts are positive on these dividend shares:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share to look at is this footwear focused retail group. It is the name behind a number of popular store brands such as The Athlete’s Foot, HYPE DC, and Platypus. The company also has exclusive distribution of several brands in the Australian market, including Reebok.

Although FY 2022 will be a difficult year because of lockdowns, the company has been tipped to resume its solid growth next year. For example, the team at Bell Potter is forecasting earnings per share of 10.5 cents in FY 2022 and then 16.8 cents in FY 2023 and 19.4 cents in FY 2024.

In light of this, the broker believes it is well worth sticking with Accent and recently reiterated its buy rating and put a $3.05 price target on its shares.

As for dividends, its analysts are forecasting dividends per share of 10.5 cents in FY 2022 and 16.8 cents in FY 2023. Based on the latest Accent share price of $2.43, this represents yields of 4.3% and 6.9%, respectively.

Centuria Industrial REIT (ASX: CIP)

Another dividend share for income investors to look at is Centuria Industrial. It is an industrial focused property company with a portfolio of quality assets situated in key metropolitan locations throughout Australia.

Centuria Industrial notes that its portfolio is underpinned by strong tenant base with approximately 62% of portfolio income derived from occupants directly linked to the production, packaging and distribution of consumer staples, telecommunications and pharmaceuticals.

Macquarie is a fan of the company. It currently has an outperform rating and $4.16 price target on Centuria Industrial’s shares.

The broker is also forecasting a 17.3 cents per share distribution in FY 2022 and an 18.7 cents per share distribution in FY 2023. Based on the current Centuria Industrial share price of $3.67, this will mean yields of 4.7% and 5.1%.

The post 2 buy-rated ASX dividend shares with growing yields appeared first on The Motley Fool Australia.

More reading

• Investing in ASX office, industrial and healthcare shares? Here’s the outlook for 2022
• Here’s why ASX retail shares are in the spotlight on Tuesday
• 2 buy-rated ASX dividend shares with great yields
• 2 excellent ASX dividend shares to buy next week
• 2 high quality ASX shares for a retirement portfolio

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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On Thursday, the S&P/ASX 200 Index (ASX: XJO) fought hard but ultimately fell short of recording a gain. The benchmark index fell 0.15% to 7,225.2 points.

Will the market be able to bounce back from this on Friday? Here are five things to watch:

ASX 200 expected to rebound

The Australian share market looks set to end the week in a positive fashion. According to the latest SPI futures, the ASX 200 is expected to open the day 61 points or 0.85% higher this morning. This follows a strong night of trade on Wall Street, which late on sees the Dow Jones up 2.1%, the S&P 500 up 1.7% and the Nasdaq up 0.9%.

CSL acquisition news

The CSL Limited (ASX: CSL) share price will be on watch today amid reports the company is in talks to acquire Swiss-based Vifor Pharma for ~$10 billion. The biotherapeutics giant is expected to partly fund the deal with a $4 billion equity raising. Vifor Pharma is a leader in iron deficiency, nephrology and cardio-renal therapies.

Oil prices rise

Energy producers including Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could end the week strongly after oil prices pushed higher. According to Bloomberg, the WTI crude oil price is up 0.8% to US$66.11 a barrel and the Brent crude oil price is up 0.8% to US$69.41 a barrel. Oil prices rose despite OPEC revealing that it will continue to increase supply in January.

BHP to proceed with unification

The BHP Group Ltd (ASX: BHP) share price will be on watch today after announcing plans to proceed with its unification. The BHP Board believes unification is in the best interests of shareholders. It will result in a corporate structure that is simpler and more efficient, reduces duplication and streamlines BHP’s governance and internal processes. This will see the BHP ASX listing become its primary listing.

Gold price falls

Gold miners Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) could have a difficult finish to the week after the gold price tumbled lower. According to CNBC, the spot gold price is down 0.1% to US$1,766.6 an ounce. The gold price fell after the US Federal Reserve’s hawkish rhetoric dampened its appeal.

The post 5 things to watch on the ASX 200 on Friday appeared first on The Motley Fool Australia.

More reading

• CSL (ASX:CSL) share price dips amid $10b acquisition rumours
• Here are the top 10 ASX shares today
• Why is the Vanguard Australian Shares Index ETF (ASX:VAS) the most successful Aussie ETF?
• ASX 200 (ASX:XJO) midday update: Afterpay sinks, Woolworths bids for API
• 2 more of Morgans’ best ASX share ideas for December

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The European Lithium Ltd (ASX: EUR) share price finished in the red today. This is despite a morning surge after the company announced positive results from its Wolfsberg lithium project in Austria.

At the close of trading today, the lithium miner’s shares are down 4%, swapping hands at 12 cents.

What drove up the European Lithium share price?

European Lithium is a mining exploration and development company intent on acquiring lithium in Europe. Lithium is heavily used in electric vehicle (EV) battery technology, which is gaining momentum in Europe and globally.

Investors appeared to react well to positive test results from the company’s Wolfsberg lithium project in Austria earlier in the day.

Analysis of samples from the mine showed high-quality, battery-grade lithium product can be produced with very low impurities. The European Lithium share price jumped soon after the results were released before retreating.

European Lithium chair Tony Sage said: “Together with the recent announcements in the resource upgrades these metallurgical results further enhance the value of the Wolfsberg project.”

What else may impact European Lithium?

The Jadar Resources Ltd (ASX: JDR) share price rocketed by 20% on a new lithium deal today. Jadar signed a memorandum of understanding with Yahua International Investment and Development to sell 100% of the lithium concentrate from its lithium projects to Yahua.

Where does European Lithium fit into this? Well, the company holds a 20% stake in Jadar’s Weinebene and Eastern Alps lithium projects. In fact, the projects are located immediately adjacent to European Lithium’s Wolfsberg deposit.

European Lithium share price snap shot

The European Lithium share price surged early in the day, jumping 12% ahead of Wednesday’s closing price following the market update.

However, there appeared to be a sudden selloff of shares at the end of the day with the company finishing down 4% on the previous close. The company’s share price has rocketed 150% in the past 12 months.

The post What happened to the European Lithium (ASX:EUR) share price today? appeared first on The Motley Fool Australia.

More reading

• European Lithium (ASX:EUR) share price sinks after listing in US

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Shares in global biotech giant CSL Limited (ASX: CSL) edged lower today and finished more than 1% in the red at $305.23.

CSL held the fort across the day, with intraday prices trading in a narrow spread of $307–$308 before a large set of trades sent its share price as low as $301.11.

Acquisition rumours?

Rumours are circulating that the Aussie biotech is set to buy Vifor Pharma, a Swiss-based company, in a deal that could see CSL fork out $10 billion.

According to reporting from The Australian, CSL might be heading to the capital markets to raise additional equity capital to the tune of $3 billion–$4 billion.

Both CSL and Vifor have been in a game of verbal ping-pong with talks of the acquisition first circulating back in March this year. If the deal goes through, it would mark the CSL’s first major acquisition in over 10 years.

It is understood that Bank of America and Goldman Sachs are to be involved with the transaction, and both banks will nab a hefty fee from CSL’s capital raise if it is successful.

Vifor states that it aims to be a leader in iron deficiency, nephrology and cardio-renal therapies, with a focus on chronic disease.

It recognised 1.7 billion Swiss Francs in revenue in 2020 and has a market cap of 6.75 billion Swiss Francs ($10.33 billion). For comparison, CSL’s market cap is $140.88 billion.

Vifor itself has been busy on the acquisition trail as well, recently confirming it bought 100% of cardio-renal biopharma company, Sanifit Therapeutics on 22 November.

Curiously, former CSL non-executive director, Abbas Hussain – who resigned from CSL’s board in June this year – was recently appointed as the new CEO of Vifor Pharma.

Hussain joined the company on 16 August and will hold tenure as Vifor’s top executive after serving on CSL’s board for 4 years.

Without further clarification from CSL itself, it is unwise to make any speculation on the matter. However, CSL is well capitalised with over $8.3 billion in net assets – of which $1.8 billion is in cash on the balance sheet.

CSL share price snapshot

The CSL share price has climbed almost 1% in the past 12 months and almost 8% this year to date.

In the past week, it has slipped almost 4% but is in the green by 2% in the past month.

The post CSL (ASX:CSL) share price dips amid $10b acquisition rumours appeared first on The Motley Fool Australia.

More reading

• The Starpharma (ASX: SPL) share price surges on Vietnam launch
• Advisor reveals the 3 most popular ASX shares among his clients
• The CSL (ASX:CSL) share price reached a new 52-week high last week. What’s next?
• CSL (ASX:CSL) share price higher on US FDA flu vaccine news
• CSL (ASX:CSL) share price struggles despite new government funding

The author has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This year has seen Australian institutions and retail investors increasingly open to crypto investment and transactions.

The Australian Federal Government is working on legislation to regulate the booming crypto market.

And the nation’s biggest bank, Commonwealth Bank of Australia (ASX: CBA), became the first Aussie bank to provide crypto services to its customers just last month. It’s a move many analysts believe other large financial institutions are likely to follow.

November also saw the launch of the first ASX listed crypto exchange-traded fund (ETF), which broke records for a new fund on its first day. While the BetaShares Crypto Innovators ETF (ASX: CRYP) doesn’t invest directly in any cryptocurrencies, it does offer ASX investors exposure to the crypto-sphere by tracking the performance of up to 50 crypto-related companies.

With this rapidly changing picture in mind, the Motley Fool turned to Feroze Medora, director of trading at global crypto platform Gemini APAC, for his insights into what’s happening, and what we can expect next.

Motley Fool: Really the multi-billion-dollar question is, is this the beginning of a country-wide mass institutional crypto adoption in Australia or just a passing fad?

Feroze Medora: Putting the number of institutions already involved in crypto aside, the growing percentage of Australian crypto investors alone can lead us to expect an even larger amount of institutional participation.

We’re at the nascency of not only crypto as an asset class but the technology behind it as well. With the huge potential this space has to offer, it would be safe to say that this is not a passing fad but the beginning of a new era.

MF: What catalysts might speed up mainstream crypto use Down Under?

FM: As it is for the rest of the world, the biggest factor that would enable even further growth for cryptocurrency in Australia is regulatory oversight. While that might not currently be in place, the Australian government has proven itself to be open to establishing the right framework to regulate crypto.

I believe that the government is working hard to establish the right frameworks to set the standard for cryptocurrency firms in the country.

MF: If the Australian government greenlights digital tokens like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), who would be the winners and losers in the current setting?

FM: Should more institutions adopt cryptocurrencies or the underlying technology, there is a fair chance of there not being any losers per se.

However, as we move closer towards a global consensus on crypto regulations, the only losers would be the non-compliant players who choose not to be responsible participants in the new digital economy.

MF: What’s the biggest trend unfolding in the crypto market our readers should keep a close eye on?

FM: While I would advise every reader to conduct their own research, there is no denying that 2021 was a banner year for non-fungible tokens (NFTs).

This was an important milestone as prior to the NFT boom, blockchain technology became synonymous with cryptocurrencies, with many overlooking the potential of the technology itself. Thanks to NFTs, we saw a new use case for blockchain gain mainstream attention and one can expect to see more new use cases in 2022.

Additionally, this year we also saw more attention given to the environmental impact of cryptocurrencies. As a result, given the innovative nature of this sector, we are seeing more efforts being made to provide sustainable solutions.

Crypto and the environment is a conversation that will not, and should not, end until a solution is reached.

The post Is Australia on the precipice of mass crypto adoption? appeared first on The Motley Fool Australia.

More reading

• Here’s what happened with Ethereum’s (CRYPTO:ETH) record breaking November
• Bitcoin just sailed past this important milestone
• Here’s how Betashares Crypto ETF (ASX:CRYP) has been performing since its ASX listing
• Can Bitcoin reach $100,000 in 2022?
• Australia’s first direct Bitcoin and Ethereum ETFs are launching

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bitcoin and Ethereum. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Today, the S&P/ASX 200 Index (ASX: XJO) made an effort to recoup its early morning losses but was unable to overcome the downward pressure. At the end of the session, the benchmark index finished 0.15% lower to 7,225.2 points.

While there were many sectors that brought some positivity to the table today, it was a blatantly different story for tech shares. Tech investors would have had their stomachs in their mouths as the sector took a 3.2% nosedive. The biggest detractor was none other than buy now, pay later provider, Afterpay Ltd (ASX: APT).

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Worley Ltd (ASX: WOR) was the biggest gainer today. Shares in the engineering company moved 6.53% higher today. Investors flocked to the company’s shares after Morgan Stanley released a bullish broker note on Worley. Find out more about Worley here.

The next biggest gaining ASX share today was AGL Energy Ltd (ASX: AGL). The embattled energy retailer enjoyed a 3.61% reprieve today despite there being no announcements out. Uncover the latest AGL Energy details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Worley Ltd (ASX: WOR)	$10.12	6.53%
AGL Energy Ltd (ASX: AGL)	$5.45	3.61%
Genesis Energy Ltd (ASX: GNE)	$2.95	3.51%
Fletcher Building Ltd (ASX: FBU)	$6.61	3.44%
Imugene Ltd (ASX: IMU)	$0.52	2.97%
Transurban Group (ASX: TCL)	$13.85	2.52%
Commonwealth Bank of Australia (ASX: CBA)	$95.97	2.23%
Clinuvel Pharmaceuticals Ltd (ASX: CUV)	$28.71	2.17%
Domain Holdings Australia Ltd (ASX: DHG)	$5.31	2.12%
Pointsbet Holdings Ltd (ASX: PBH)	$7.27	2.11%

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

More reading

• Why is the AGL (ASX:AGL) share price having such a stellar day?
• Why is the Vanguard Australian Shares Index ETF (ASX:VAS) the most successful Aussie ETF?
• Why API, Chalice Mining, GUD, and Worley shares are charging higher
• ASX 200 (ASX:XJO) midday update: Afterpay sinks, Woolworths bids for API
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor Mitchell Lawler owns shares of AFTERPAY T FPO and Commonwealth Bank of Australia. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO and Pointsbet Holdings Ltd. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Thursday’s been a good day for the Goodman Group (ASX: GMG) share price. It hit a new all-time high for the third day in a row.

In intraday trade today the company’s stock reached a high of $24.96, a 1.1% gain on its previous closing price.

As of Thursday’s close, the Goodman Group share price had dropped slightly to trade at $24.83. Though, that’s still 0.69% higher than it was at the end of Wednesday’s session.

For context, the S&P/ASX 200 Index (ASX: XJO) fell 0.1% today.

Let’s take a look at what’s been going on with the industrial property-focused real estate investment trust (REIT).

Goodman Group share price is on a roll

The Goodman Group share price has broken its record high every day since Monday. Meanwhile, global accounting and professional services firm, BDO in Australia, released the results of its 27th Annual Survey of Australian REITs.

It found Goodman Group to be the third best performing Australian REIT for financial year 2021 (FY21). The report stated:

Goodman Group places a focus on being innovative and agile within the typically stable REIT sector. [Over FY21] they maintained a strong position to capitalise on growing e-commerce trends by having a portfolio occupancy of 98.%. The industrial sector has a relatively high barrier to entry, and high occupancy rates combined with growing rental yields placed Goodman Group in good stead to take advantage of robust demand.

Additionally, BDO found that the REIT sector beat the performance of the ASX 200 by a whopping 7.1% over FY21.

And the best performers of the sector for FY21 were industrial REIT share prices, like that of Goodman Group. They were found to have outperformed their FY20 movements by an average of 41.4% during FY21.

Whereas the share prices of office-focused REITs outperformed by 16.4% on average.

BDO in Australia Australian REIT specialist and corporate finance partner, Sebastian Stevens commented on the findings:

The industrial sector was the big [Australian REIT] winner this year because of the acceleration of online retail which fuelled demand for warehouses and logistics facilities… The future is bright for the industrial sector too, as businesses begin to bring manufacturing back onshore after serious challenges with supply chain squeeze and high freight costs.

The company’s seemingly on the same page as BDO. It recently upgraded its operating earnings per share guidance for FY22 to be more than 15%. Previously, it was estimated that figure would be around 10%.

The Goodman Group share price has increased 28% since the start of 2021. It has also gained 5.5% over the last 30 days.

The post Here’s why the Goodman Group (ASX: GMG) share price just hit an all-time high appeared first on The Motley Fool Australia.

More reading

• ASX shares to buy for the Omicron COVID outbreak
• 2 high-growth ASX shares profiting from the e-commerce boom
• Why these ASX 200 shares could be strong buys
• Here’s how much $20,000 invested in these ASX shares 10 years ago is worth now
• Is the Goodman (ASX:GMG) share price a good buy?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Shares in environmental management solutions player Envirosuite Ltd (ASX: EVS) are on ice after the company requested a trading halt today.

Before the pause button was pressed, the Envirosuite share price was set to open the day at 22.5 cents, after gaining about 5% from its previous close in off-market trading.

The company requested a trading halt in preparation for an upcoming capital raise. Here are the main details.

What is Envirosuite up to?

Envirosuite wants to raise $10.5 million from the big end of town to drive growth in its water treatment technology segment.

The institutional placement is priced at 20 cents per share. This represents an 11% discount on Tuesday’s closing Envirosuite share price. It is also a 15% discount on the recent share price high of 23.5 cents.

Bell Potter and Wilsons are the book-runners and joint lead managers on the offer, according to The Australian Financial Review. Investors can expect an announcement on the completion of the capital raise on or before 6 December.

Envirosuite is looking to the capital markets after advising it has signed 2 strategic agreements with consulting company GHD.

GHD will support the scaling of implementation of “Envirosuite’s EVS Water for major water treatment facilities as well as refer prospective clients to Envirosuite”, according to an update on 24 November.

EVS Water is a 3-product platform that links artificial intelligence with leading water modelling approaches. It helps companies reduce their operational risk and expenses whilst remaining compliant.

Today’s announcement follows a previous capital raise in May. Envirosuite secured $14 million – $8 million of which was offered at a placement price of 8.5 cents per share.

That capital raising diluted Envirosuite’s share count by almost 71 million shares. It is not yet clear how many shares Envirosuite will issue during this next equity round.

Envirosuite share price summary

In 2021, the Envirosuite share price has risen by 18.4%. It began marching northwards in July but has since levelled off. It has been trading sideways for the past 2 months.

The post Halt! Why is the Envirosuite (ASX:EVS) share price paused? appeared first on The Motley Fool Australia.

More reading

• Envirosuite (ASX:EVS) share price jumps 5% on strategic splash with GHD
• This deal just caused the Envirosuite (ASX:EVS) share price to pop

The author has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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