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If you have room for some new portfolio additions, then it could be worth considering the three ASX 200 growth shares listed below.

Here’s what you need to know about these buy-rated shares:

Breville Group Ltd (ASX: BRG)

The first ASX 200 growth share that has been tipped as a buy is leading appliance manufacturer, Breville. Goldman Sachs is a fan of the company and believes it is well-placed to continue its solid growth in the coming years. This is being driven by the “strong premium coffee in-home consumption trend and competitive advantage in premium brand and product.”

The broker currently has a buy rating and $22.70 price target on its shares.

Lovisa Holdings Limited (ASX: LOV)

Another ASX 200 growth share that could be a buy is fast-fashion jewellery retailer Lovisa. It could be a top long term option due to the popularity of its affordable offering and its huge global expansion plans. In respect to the latter, analysts at Morgans have suggested that “LOV may just prove to be one of the biggest success stories in Australian retail. LOV is showing every sign of becoming a global brand.”

Morgans has an add rating and $28.50 price target on its shares.

TechnologyOne Ltd (ASX: TNE)

A final ASX 200 growth share that could be a buy is enterprise software provider TechnologyOne. It could be a top option thanks to its ongoing and highly successful transition to a software-as-a-service focused business. This transition has been going very well and management expects this positive trend to continue in the coming years. In fact, it is aiming to almost double its annual recurring revenue (ARR) to $500 million by FY 2026. However, the team at Bell Potter believes it will get there a year earlier than planned and is expecting a guidance upgrade in the near future.

Bell Potter has a buy rating and $17.00 price target on Technology One’s shares.

The post Analysts say these ASX 200 growth shares are top buys right now appeared first on The Motley Fool Australia.

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More reading

• I think these 2 ASX growth shares are a buy for 2025 and beyond
• Top brokers name 3 ASX shares to buy next week
• Why Goldman Sachs rates these ASX 200 shares as top buys
• Analysts name 2 excellent ASX 300 shares to buy and hold
• Could ASX shares turn a $10,000 investment into $2,000,000?

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 positions in and has recommended Lovisa and Technology One. The Motley Fool Australia has recommended Lovisa and Technology One. 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 200 Index (ASX: XJO) share Elders Ltd (ASX: ELD) has seen one of its directors increase his position in the business just before the stock goes ex-dividend. This could be seen as a positive sign.

Elders is a business that works with primary producers to provide products, marketing, specialist technical advice, and financial products. It also acts as a rural and residential property agency and management network.

Let’s check the details of the company chair’s share purchase.

Director buying

There’s typically one main reason a director might decide to invest in their own business through an on-market trade – they think it’s good value and the business has a positive future.

Chair Ian Wilton decided to buy a total of 15,000 Elders more shares in his superannuation fund for a total cost of $103,350. This means the average price paid was $6.89, slightly lower than where the ASX 200 share is trading now.

After this investment, Wilton’s total holding had increased to 146,442 Elders shares, so he has a substantial amount of money invested in the agribusiness.

Elders shares’ ex-dividend date

A week ago, the business reported its FY23 half-year result which showed sales had grown 9% to $1.66 billion, but underlying earnings before interest and tax (EBIT) had dropped by 38% to $82.8 million.  Statutory net profit after tax (NPAT) had also shrunk 47% to $48.8 million.

The company said there had been a volatile agricultural industry backdrop, impacted by “softened livestock trading conditions, weaker crop input prices and unseasonably wet weather”.

The board of Elders decided to declare an interim dividend per share of 23 cents, an 18% drop compared to the prior corresponding period.

The ex-dividend date tells potential investors when they will no longer be entitled to the dividend if they were to buy shares.

Elders’ ex-dividend date for the upcoming dividend is 23 May, tomorrow. So today is the last day for investors to grab Elders shares and gain entitlement.

Investors will only need to wait a month before they receive payment. Dividends are due to be paid on 22 June 2023.

Outlook for the ASX 200 stock

Elders said demand for agricultural commodities is “anticipated to support favourable trading conditions in the second half of FY23″.

The outlook for its rural products is “encouraging”, the company said, and the outlook for its agency services is forecast to “improve in the second half but overall remain below FY22 levels”. Cattle prices are also expected to remain subdued due to volume growth.

In real estate, softer broadacre market conditions are expected to persist for the foreseeable future. However, the “strong performance” of the financial services business is expected to continue into the second half of FY23.

The post Guess which ASX 200 director has been stocking up on company shares before they trade ex-dividend tomorrow appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Monday
• Here are the top 10 ASX 200 shares today
• Here’s what the latest jobs data could mean for interest rates and the Aussie stock market
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why is the Newcrest share price sitting at 6-week lows?

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 Elders. 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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Medibank Private Ltd (ASX: MPL) shares have started the week in a subdued fashion.

In afternoon trade, the private health insurer’s shares are down a touch to $3.52.

This compares unfavourably to the performance of NIB Holdings Limited (ASX: NHF) shares, which are up almost 2% this afternoon.

Why is the Medibank share price underperforming?

The weakness in the Medibank share price today appears to have been driven by a broker note out of Goldman Sachs.

According to the note, the broker believes that the company’s shares are fully valued at current levels and has urged investors buy NIB shares instead.

Goldman has initiated coverage on Medibank with a neutral rating and $3.69 price target, whereas it has started with a buy rating and $8.80 price target on NIB’s shares.

Why NIB over Medibank?

There are a number of reasons why Goldman is recommending NIB over Medibank currently. This includes its growth outlook, valuation, and last year’s cyberattack. The broker explains:

We like NHF over MPL because 1) We expect NHF to have stronger ARHI underlying top line growth relative to MPL resident. We think this could be worth between 2.5-5% based on approved rate increases, policyholder growth and downgrading; 2) NHF is taking a more shareholder friendly interpretation to not profit from Covid-19 resulting in better reported margins vs MPL (see Exhibit 11) and lower policyholder giveback as a % of premium since the start of the pandemic – see Exhibit 4 ; 3) MPL’s Cyber security legal cases and investigations present some risk of higher costs, but we think the risks here overall are low;

4) NHF offers greater diversity of earnings with about 23% of earnings (excluding NDIS) outside of resident health vs MPL at 15%; 5) We do flag, however, that NHF is guiding down net margins in ARHI over time but only as earnings in its non-resident businesses recover more fully. To date, NHF has been reducing margins through a combination of higher expenses and lower gross margin. 6) We note that NHF and MPL trade at about 18-19x consensus earnings on FY24 vs historical averages of about 19x over the last 5 years for both; noting the favourable operating environment, we think it is possible that the health insurers can trade at a premium relative to history and arguably NHF ahead of MPL given its better growth prospects without the overhang of the cybersecurity incident.

Time will tell if the broker has made the right call.

The post Medibank or NIB shares? Only one is a buy according to Goldman Sachs appeared first on The Motley Fool Australia.

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More reading

• Leading brokers name 3 ASX shares to buy today
• ‘Welcome improvement’: 3 ASX small-cap shares to grab right now
• How to invest $10,000 in ASX dividend shares in May
• Has the NIB share price now peaked at $8?
• 2 ASX healthcare shares I’m backing for strong growth this decade

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 NIB Holdings. 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 the greatest dividend share on the S&P/ASX 200 Index (ASX: XJO) is no easy task. The ASX 200 has dozens and dozens of dividend shares within it. And many are popular with good reason. 

The likes of Commonwealth Bank of Australia (ASX: CBA), Telstra Group Ltd (ASX: TLS) and BHP Group Ltd (ASX: BHP) have been showering investors with healthy dividends for decades.

But none of these I would call the ASX 200’s greatest divided share. Ditto with Woolworths Group Ltd (ASX: WOW), Woodside Energy Group Ltd (ASX: WDS) or Westpac Banking Corp (ASX: WBC). All are decent companies, but I wouldn’t put any of them on a pedestal above the rest.

But when it comes to Washington H. Soul Pattinson and Co Ltd (ASX: SOL), this is a share I simply cannot find a fault with.

What makes Soul Patts a unique winner?

Soul Patts, as it is more easily known, is an ASX 200 investment house. It has been on the ASX boards for almost as long as the ASX has existed. In fact, its roots predate Federation.

Back in the late 18th and early 19th centuries, Soul Patts was primarily a pharmaceutical chain. But today, it is a company that primarily invests in other assets on behalf of its investors. Soul Patts has large stakes in many other ASX 200 shares to start off with. It has owned significant portions of Brickworks Ltd (ASX: BKW), New Hope Corporation Limited (ASX: NHC) and TPG Telecom Ltd (ASX: TPG) for years.

The company has also built up a few other portfolios more recently as well though. Soul Patts cultivated a massive and broad portfolio of blue-chip ASX 200 shares when it acquired Milton Corporation in 2021. It has also expanded into unlisted assets and private credit and equity in recent years, buying assets like farms, swim centres and retirement villages.

But what makes this company the ASX 200’s greatest dividend share? Well, it’s rather simple. Soul Patts is the only company on the ASX that has delivered an annual dividend pay rise every single year since 2000.

Yes, Soul Patts has given its investors a pay rise for 22 years and counting. That includes the global financial crisis of 2007-09, as well as the COVID-ravaged years of 2020 and 2021. No other ASX share can boast of such an impressive track record.

The greatest ASX 200 dividend share

If you invested $10,000 into Soul Patts shares at the start of the year 2000, you would have received 2,564 shares of Soul Patts at the share price of $3.90 that the company was going for back then.

Over 2000, Soul Patts forked out 10.5 cents per share in ordinary dividends, as well as 3.5 cents per share in special dividends, for a total of 14 cents per share. That would have gotten our investor a starting yield of 3.59% back then.

By 2022, Soul Patts’ annual dividends had risen to 72 cents per share of ordinary dividends, as well as 15 cents per share in special dividends, for a total of 87 cents in fully-franked dividends per share. For our investor that forked out $10,000 for 2,564 shares in 2000, last year’s payments would have totalled just over $2,230, or a whopping 22.32% yield on their original investment.

Additionally, those 2,564 shares would be worth $86,253 at the current Soul Patts share price of $33.65 that we see today.

According to the company itself, Soul Patts shareholders have enjoyed an average annual return (including dividend returns) of 12.3% per annum over the 20 years to 31 January 2023. That crushes both the broader ASX 200 index, as well as most other ASX 200 shares:

So it’s for these reasons that Wasongton H. Soul Pattinson can and should be regarded as the greatest ASX 200 dividend share on the market today. Sure, it doesn’t have the highest starting dividend yield right now at 2.35%. But this is a clear case of ‘slow and steady wins the race’ when it comes to dividend investing.

The post Is this the ASX 200’s greatest dividend share? appeared first on The Motley Fool Australia.

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More reading

• No savings? Here’s how I’d target a second income of $1,000 per month from scratch
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• 2 ASX dividend shares aiming to give investors a payrise every year
• 4 ASX companies that own CSL shares (and lots of them!)
• Turning ASX shares into a $40,000 annual passive income generator

Motley Fool contributor Sebastian Bowen has positions in Telstra Group and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Brickworks, Telstra Group, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Tpg Telecom. 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 Core Lithium Ltd (ASX: CXO) share price has given up its early morning gains and dropped into the red.

Shares in the S&P/ASX 200 Index (ASX: XJO) lithium stock closed Friday trading for $1.13. They are currently trading for $1.087 apiece, down 3.38%.

While the Core Lithium share price isn’t reacting positively today, the miner may be a long-term winner from the most recent discussions held by the seven wealthy nations that make up the G7.

What happened at the G7 summit?

Despite a looming debt default at home, United States President Joe Biden managed to make an appearance at the G7 summit, held in Hiroshima, Japan on Saturday. This was immediately followed by the Quadrilateral Security Dialogue (Quad) summit.

Prime Minister Anthony Albanese was also in attendance.

Among the pressing matters the world leaders discussed was how to secure diverse supply lines of critical clean energy metals outside of China. This is where the Core Lithium share price could enjoy a boost.

Despite the past few years of increased production outside of the Middle Kingdom, China remains the dominant supplier of most of the refined metals required to transition the world away from fossil fuels.

Australia holds the title of the world’s top lithium producer and has the globe’s fifth-largest lithium reserves.

This fact isn’t lost on the US government, which recently signed the Climate, Critical Minerals and Clean Energy Transformation Compact with Australia, and passed the US$369 billion (AU$555 billion) Inflation Reduction Act (IRA), containing big spending on sustainable energy transformations.

That all bodes well for ASX 200 lithium stocks more broadly, and the Core Lithium share price more specifically.

And, on Saturday, Biden doubled down on the commitment (quoted by The Australian Financial Review):

We are going to establish climate and energy as the third pillar of the Australia-US alliance. This will enable the expansion and diversification of clean energy supply chains, especially as it relates to critical materials.

Biden is also seeking to have Australia added as a “domestic source” under the US Defense Production Act. This would enable new US investments in Australian lithium projects, among others.

Core Lithium share price snapshot

The Core Lithium share price is down 18% over the past 12 months.

But on the back of the recent rebound in lithium prices, the shares have gained 44% since 23 March.

The post Core Lithium share price could be a long-term winner as critical metals steal the spotlight at G7 summit appeared first on The Motley Fool Australia.

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More reading

• ASX 200 lithium shares could be winners as Biden calls critical clean energy metals the ‘third pillar of the Australia-US alliance’
• Here are the 10 most shorted ASX shares
• 5 things to watch on the ASX 200 on Monday
• Could another lithium price boom be around the corner? Experts weigh in
• Here are the 3 most heavily traded ASX 200 shares on Friday

Motley Fool contributor Bernd Struben 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 Scott Phillips.

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With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares that leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Austal Ltd (ASX: ASB)

According to a note out of Citi, its analysts have upgraded this shipbuilder’s shares to a buy rating with a $2.31 price target. The broker was very pleased with news that Austal has won a major shipbuilding contract with the US government. It highlights that this win suggests the recent indictment of three former Austal USA employees by the US Department of Justice is not impeding Austal’s ability to win work with the US Navy. The Austal share price is trading at $2.01 this afternoon.

NIB Holdings Limited (ASX: NHF)

A note out of Goldman Sachs reveals that its analysts have initiated coverage on this private health insurer’s shares with a buy rating and $8.80 price target. The broker likes NIB due to its belief that it has stronger Australian resident health insurance underlying top line growth potential relative to its key rival. It also highlights that the company is taking more shareholder-friendly action to not profit from Covid-19, resulting in better reported margins. The NIB share price is fetching $8.30 today.

ResMed Inc. (ASX: RMD)

Analysts at Macquarie have retained their outperform rating and $38.00 price target on this sleep treatment focused medical device company’s shares. Macquarie believes ResMed is well-placed to benefit from improved industry growth after a lull during the pandemic. In addition, due to competitor issues, the broker sees scope for the company to increase its market share in the coming years. The ResMed share price is trading at $33.79 on Monday.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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More reading

• 5 ASX 200 shares to buy according to brokers
• Why AUB, Austal, Core Lithium, and Xero shares are pushing higher
• Why the Austal share price is sailing 25% higher today
• ‘Welcome improvement’: 3 ASX small-cap shares to grab right now
• 2 of the best ASX 200 blue chip shares to buy: Morgans

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 positions in and has recommended Austal and ResMed. The Motley Fool Australia has positions in and has recommended ResMed. The Motley Fool Australia has recommended NIB Holdings. 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 market appears slightly downcast on Monday. The All Ordinaries Index (ASX: XAO) is slipping 0.3% at the time of writing, no thanks to three shares posting falls of 10% and more.

So, what’s weighing so heavily on the trio of stocks? Let’s take a look.

3 ASX All Ordinaries stocks plunging on Monday

The first All Ordinaries stock suffering at the hands of the market on Monday is Galan Lithium Ltd (ASX: GLN). It’s tumbling 10% right now to trade at $1.08.

It follows the completion of the company’s institutional capital raise, which saw $31.5 million committed to the cause.

New shares were offered to intuitional investors for $1.05 apiece under the raise, with the cash going towards the company’s Hombre Mueto West project. It will also help provide contingency funding for work at its Greenbushes South project.

Also in the red on Monday is the share price of City Chic Collective Ltd (ASX: CCX). The All Ordinaries clothing retail stock is tumbling 11.7% to trade at 34 cents right now.

It comes as the company updates the market on its debt facility, the progression of its strategic review, and its trading over the 45 weeks to 14 May.

Amendments to its debt facility are expected to provide the working capital necessary to return the business to profitable growth through the next financial year. Meanwhile, the company has decided to accelerate its inventory unwind.

Finally, City Chic revealed its sales slumped 15.2% year-on-year over the 45 weeks to 14 May to $262.2 million. Though that’s up 16.4% on the same period of financial year 2021.

Finally, Tyro Payments Ltd (ASX: TYR) shares are the worst performing on the All Ordinaries right now. They’re plummeting 18.2% to trade at $1.25.

The fall comes as the company announced Potentia Capital Management has scrapped takeover talks with the payments provider.

Potentia previously put forward a $1.60 per share bid, which was rejected by Tyro’s board.

However, the private equity firm was granted due diligence in January in hopes pouring over the ASX All Ordinaries company’s books would see it up its offer.

The post Monday blues: 3 ASX All Ordinaries shares crashing 10% or more today appeared first on The Motley Fool Australia.

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More reading

• Why Galan Lithium, Metcash, Tyro, and Zip shares are falling today
• Why is this ASX lithium share crashing over 10% today?
• Tyro share price plummets 18% as suitor abandons takeover talks
• Tyro share price leaps amid Apple Pay news
• Tyro share price slumps despite cost reductions delivering earnings guidance upgrade

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 positions in and has recommended Tyro Payments. The Motley Fool Australia has recommended Tyro Payments. 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a small decline. At the time of writing, the benchmark index is down 0.3% to 7,257.3 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are tumbling:

Galan Lithium Ltd (ASX: GLN)

The Galan Lithium share price is down 10% to $1.08. Investors have been selling this lithium developer’s shares after it completed the institutional component of its capital raising. Galan Lithium has received firm commitments to raise $31.5 million through an institutional placement priced at $1.05 per share. The proceeds will be used to purchase long lead items for the lithium carbonate pilot plant and the Stage 2 definitive feasibility study at Hombre Muerto West.

Metcash Limited (ASX: MTS)

The Metcash share price is down 3.5% to $3.65. This is likely to have been driven by a downbeat broker note out of Macquarie. According to the note, the broker has downgraded this wholesale distributor’s shares to a neutral rating with a reduced price target of $3.90. Macquarie is concerned that Aldi could be taking market share away from Metcash.

Tyro Payments Ltd (ASX: TYR)

The Tyro share price has crashed 17% to $1.27. Investors have been hitting the sell button today after Potentia withdrew from takeover talks for the payments company. Potentia had nearly four months of due diligence before pulling the plug. It appears to have seen something it didn’t like in Tyro’s books.

Zip Co Ltd (ASX: ZIP)

The Zip share price is down 5% to 54.5 cents. This follows news that the Treasury plans to strengthen the BNPL regulatory framework. However, it is worth noting that Zip was in full support of the changes that are being proposed and would already be compliant with any new requirements.

The post Why Galan Lithium, Metcash, Tyro, and Zip shares are falling today appeared first on The Motley Fool Australia.

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More reading

• Could Zip shares be a winner of more regulation in the BNPL sector?
• Credit call: ASX BNPL shares slump as regulation arrives
• Why is this ASX lithium share crashing over 10% today?
• Tyro share price plummets 18% as suitor abandons takeover talks
• Here are the 10 most shorted ASX shares

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The Woodside Energy Group Ltd (ASX: WDS) share price is marching higher today.

The S&P/ASX 200 Index (ASX: XJO) oil and gas stock closed Friday trading for $34.24. Shares are currently changing hands for $34.61 apiece.

That puts the Woodside share price up 1.1% at the time of writing, while the ASX 200 is down 0.3%.

With oil and gas prices edging lower over the weekend, I suspect Germany and its fellow G7 nations may be offering some tailwinds to Woodside today.

Tailwinds that may continue to blow for some time.

What happened at the G7 meeting with energy demand?

The G7 nations met in Hiroshima on Saturday to discuss a range of pressing global matters.

Amongst those was energy security.

With Europe continuing to ween itself off of Russian energy exports, the continent is finding that renewable sources remain insufficient to keep the lights on at night and the aircon running in summer.

And in what may provide some longer-term support for the Woodside share price, the seven rich nations agreed that increased supplies of liquefied natural gas (LNG) are important.

As Reuters reports, the G7 stated that increasing LNG deliveries are “necessary to accelerate the phase-out of our dependency on Russian energy”.

According to a statement from the group:

We stress the important role that increased deliveries of LNG can play, and acknowledge that investment in the sector can be appropriate in response to the current crisis and to address potential gas market shortfalls provoked by the crisis.

While maintaining the goal of reducing global emissions, including highlighting the potential of green hydrogen, the G7 stated:

In the exceptional circumstance of accelerating the phase out of our dependency on Russian energy, publicly supported investment in the gas sector can be appropriate as a temporary response.

Though they conveniently failed to mention how long this “temporary” public investment in gas projects might be.

As you’d expect, climate activists were less than pleased with the development.

But Germany doubled down on the need for more gas. And in potentially other good news for the outlook of the Woodside share price, added that the nation will be building new gas power plants.

“We also need some new gas power station, but they should be built in a way that they can run on green hydrogen later on as well. So it is an investment in the clean future as well,” a German government official said (quoted by Reuters).

Woodside share price snapshot

The Woodside share price has been a strong outperformer over the past 12 months, gaining 20%.

The post Woodside share price lifts as Germany flags need for ‘new gas power stations’ appeared first on The Motley Fool Australia.

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More reading

• Are Woodside shares the greatest dividend buy of the ASX 200?
• How I’d invest $20,000 today for a $3,370 passive income
• 5 things to watch on the ASX 200 on Friday
• How might this news out of China impact the oil price?
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor Bernd Struben 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 Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) is having a subdued start to the week. In afternoon trade, the benchmark index is down 0.25% to 7,261.1 points.

Four ASX shares that are not letting that hold them back today are listed below. Here’s why they are rising:

Bigtincan Holdings Ltd (ASX: BTH)

The Bigtincan share price is up 14% to 57 cents. This morning, the sales enablement platform provider confirmed media speculation that it has received a confidential, non-binding, incomplete and indicative offer from Siris Capital Group. An indicative offer price of $0.80 per share has been tabled.

EBR Systems Inc (ASX: EBR)

The EBR Systems share price is up 9% to 99 cents. Investors have been buying this medical device company’s shares after it revealed that its pivotal SOLVE-CRT trial met the primary efficacy and safety endpoints demonstrating statistically significant improvement against benchmarks. The study results showed that patients implanted with its WiSE device saw a 16.4% reduction in heart volume, indicating improved heart function.

Gentrack Group Ltd (ASX: GTK)

The Gentrack share price is rocketing 26% higher to $4.03. This morning, this utilities and airport software solutions provider released its half year results. Gentrack reported a 47.7% increase in revenue to $84.3 million and a profit of $7.9 million. The latter is a big improvement from a $5.8 million loss a year earlier.

New Hope Corporation Limited (ASX: NHC)

The New Hope share price is up 1.5% to $5.20. This has been driven by the release of the coal miner’s third-quarter update this morning. For the three months, New Hope reported underlying EBITDA of $448.1 million. This represents an increase of 14.8% compared to the previous quarter and a 20.6% increase compared to the same period last year.

The post Why Bigtincan, EBR, Gentrack, and New Hope shares are storming higher appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX All Ords share is soaring 16% amid a fresh takeover bid
• New Hope share price charges 4% higher on strong Q3 earnings growth
• Here are the top 10 ASX 200 shares today
• Looking for passive income? Here’s the yield you’re earning if you bought New Hope shares in June
• Why Alumina, New Hope, Virgin Money, and Vulcan Energy shares are falling

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 positions in and has recommended Bigtincan. The Motley Fool Australia has positions in and has recommended Bigtincan. 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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