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The Apollo Consolidated Ltd (ASX: AOP) share price has rocketed into the green today, currently trading more than 10% higher at 58.5 cents apiece.

That’s an all-time high for the West Australian gold and minerals explorer, which has been under the spotlight lately as competition surfaces between two ASX gold rivals to acquire the company.

Read on for more details.

What did Apollo announce today?

Apollo advised it had received an unconditional, off-market takeover bid from Gold Road Resources Ltd (ASX: GOR) to acquire all of the outstanding Apollo shares it does not already own.

The Gold Road proposal comes just a few days after another ASX gold share, Ramelius Resources Ltd (ASX: RMS), made an offer to acquire the company.

Ramelius has put forward a conditional, cash and scrip deal that implies a share price value of 55.4 cents for Apollo.

Meanwhile, Gold Road is offering an all-cash consideration of 56 cents per share – a 2.5% discount to Apollo’s current share price.

Importantly, Gold Road’s bid values Apollo at $166 million on a fully diluted basis, whereas Ramelius’ offer sets a valuation of $163 million.

What’s next for Apollo?

After receiving the first offer, Apollo’s board unanimously recommended its shareholders vote in favour of the Ramelius proposal.

In response to Gold Road’s proposal today, the board has recommended its shareholders take no immediate action. This will enable Apollo to analyse both offers over the next month and decide which fits best for the company.

Apollo stated in today’s release:

Apollo reiterates that shareholders should TAKE NO ACTION in respect of the Gold Road offer until they have had the opportunity to fully consider both Apollo’s target’s statement and the bidder’s statement.

As the Gold Road offer must remain open for at least one calendar month from its commencement, Apollo shareholders will have ample time to make a decision after they have received the target’s statement.

Apollo share price snapshot

The Apollo share price has boasted an outsized return this year, gaining 89% since January 1.

This extends its return over the last year to 56%, well ahead of the S&P/ASX 200 index (ASX: XJO)’s gain of around 19% in that time.

The post Apollo (ASX:AOP) share price leaps 10% on takeover news appeared first on The Motley Fool Australia.

More reading

• Gold Road (ASX:GOR) share price edges higher on acquisition news

The author Zach Bristow 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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The Rio Tinto Limited (ASX: RIO) share price is in the red today despite the company getting a little greener.

At the time of writing, shares in the mining giant are trading for $97.69 – down 0.4%. For context, the S&P/ASX 200 Index (ASX: XJO) is 0.31% higher.

The Rio Tinto share price is in focus today as the miner announces plans to halve its scope 1 and 2 emissions by 2030.

Let’s take a closer look at today’s news.

Rio Tinto share price dips despite “ambitious” climate policies

In a statement to the ASX, Rio Tinto says it is “tripling” its previous emissions reduction target.

On top of halving its direct emissions by 2030, the miner says it will achieve a 15% reduction by 2025. This is 5 years earlier than anticipated.

Rio says these “ambitious” targets are supported by about $7.5 billion in direct investments to lower emissions between 2022 and 2030.

Rio Tinto will also “prioritise growth capital” in commodities vital for this transition, such as copper and nickel, with an ambition to double growth capex to about $3 billion a year from 2023.

Despite this, the Rio Tinto share price is slightly down.

What are Scope 1 and 2 emissions?

For clarity, according to the Australian Government, scope 1 emissions are caused directly by a company’s activities. For example, the driving of trucks up and down a mine. Scope 2 emissions are indirect and caused by a company’s operations. An example of this for Rio Tinto would be using electricity sourced from fossil fuels to power its mines.

Scope 3 emissions result from either a company’s supply chain or how the company’s products are used. For example, the emissions caused by the manufacturing of steel that uses Rio-mined iron ore.

Scope 3 emissions are not part of Rio’s commitments. However, the company will “accelerate its investment in R&D and development of technologies that enable its customers to decarbonise”.

What did management say?

Rio Tinto Chief Executive, Jakob Stausholm, said:

Rio Tinto is taking action to strengthen our business and improve our performance by unleashing the full potential of our people and assets, working in partnership with a broad range of stakeholders.

All our commodities are vital for the energy transition and continue to benefit from ongoing urbanisation.

We have a clear pathway to decarbonise our business and are actively developing technologies that will enable our customers and our customers’ customers to decarbonise.

We are able to do this, while continuing to provide attractive returns to our shareholders in line with our policy, because we have a strong balance sheet and world-class assets that deliver strong free cash flows through the cycle.

Rio Tinto share price snapshot

Over the past 12 months, the Rio Tinto share price has increased 2.4%. Year to date, Rio shares have plummeted 15.4%, largely due to the recently falling iron ore price.

Its 52-week high is $137.33 and its 52-week low is $90.04. Rio has a market capitalisation of approximately $151 billion.

The post Rio Tinto (ASX:RIO) share price dips amid pledge to halve direct emissions by 2030 appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Sidarous 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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The R3D Resources Ltd (ASX: R3D) share price is soaring today on the back of an exciting drilling update.

The company has received the initial results from the start of drilling at its Tartana mining lease in North Queensland. The drilling has found significant sulphide intersections.

 At the time of writing, the R3D Resources share price is 18 cents, 33.3% higher than its previous closing price.

Let’s take a closer look at the news from the copper and gold explorer.

R3D Resources share price climbs on drilling update

The R3D Resources share price is surging on news drilling has confirmed geophysical IP anomalies are mapping sulphide mineralisation at Tartana.

The company noted the findings mean there is the potential for higher grades of gold, silver, and cobalt in the project’s Valentino prospect.

The drilling was designed to test major targets outside of the Tartana Project’s copper mineralised zone, found in its pit area.

So far, it has found an extensive mineralised zone of between around 1% and 10% sulphides. That is made up of mostly pyrite and chalcopyrite.

Roughly 400 metres away from the Tartana Project’s existing pit, more than 60 metres of sulphides were found. Up to another 30 metres of mineralised sulphides were found in downhole intersections east of the pit.

R3D Resources’ managing director Steve Bartrop commented on the findings driving the company’s share price today:

The visible mineralisation evident in the core confirms that Tartana porphyry copper mineralisation is far more extensive than the immediate open pit environs. These holes have enabled broad testing of targets which support the potential for a future copper sulphide project.

The drilling program that has uncovered the results announced today aims to cover 1,600 metres in total. So far, the company has drilled a total of 1,220 metres.

The post Here’s why the R3D Resources (ASX:R3D) share price is leaping 33% today appeared first on The Motley Fool Australia.

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• Could the Vulcan Energy (ASX:VUL) share price hit $22 by the end of 2021?
• Gold Road (ASX:GOR) share price edges higher on acquisition news
• Camplify (ASX:CHL) share price leaps 9% on surging customer growth
• Pinterest stock: Buy, sell, or hold ahead of possible buyout?
• SelfWealth (ASX:SWF) share price falls despite accelerating growth

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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The Vulcan Energy Resources Ltd (ASX: VUL) share price has been a sensational performer in 2021.

Since the start of the year, the lithium developer’s shares have risen a remarkable 375% to $13.18.

Could the Vulcan Energy share price hit $22 by the end of the year?

Given how much the Vulcan Energy share price has risen in 2021, it might come as a surprise to learn that one broker still sees significant potential upside ahead.

According to a recent note out of Germany-based Alster Research, its analysts have a buy rating and $22.00 price target on the company’s shares.

Based on the current Vulcan Energy share price, this implies potential upside of 67% for investors.

In light of this, this broker appears to see scope for the company’s shares to be trading in or around $22.00 by the end of the year.

Why is the broker bullish?

Alster Research notes that Vulcan recently raised $200 million through a placement of 14.8 million shares for $13.50 per new share. It believes this leaves the company well-positioned for the future.

The broker commented: “Due to the placement, Vulcan will have the scope to execute a targeted acquisition of existing brownfield energy and brine infrastructure. The additional capital also widens the leeway to act opportunistically, and thus to accelerate the process of ramping up production further.”

“Vulcan Energy provides a rare opportunity to benefit from the strongly growing lithium growth trajectory and, by the same token, to participate in a project directly located in Germany, a heartland of automotive industry. We raise our PT to AUD 22.00 (old PT: AUD 19.50), equivalent to EUR 13.65, and reiterate our BUY recommendation,” it concluded.

All in all, this could make the Vulcan Energy share price one to watch in the coming months.

The post Could the Vulcan Energy (ASX:VUL) share price hit $22 by the end of 2021? appeared first on The Motley Fool Australia.

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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 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 Gold Road Resources Ltd (ASX: GOR) share price has struggled this week, coming off a previous high of $1.405 last week.

However, Gold Road shares have moved into the green today, and are now changing hands at $1.34 each. That’s a 0.37% gain from the market open.

The Gold Road share price is on the move after the company announced acquisition plans for an off-market takeover of Apollo Consolidated Limited (ASX: AOP).

Here’s what we know from the gold producer’s camp today.

Gold Road steps up for takeover bid

Gold Road advised it had made an unconditional, off-market takeover bid to acquire all of the ordinary shares in Apollo it doesn’t already own.

The proposal comes just a few days after Ramelius Resources Limited (ASX: RMS) put forward a conditional cash and scrip offer of 34 cents plus an exchange ratio of 0.1375 Ramelius shares per Apollo share.

At the time, Apollo’s directors unanimously recommended its shareholders accept the offer.

However, Gold Road has since chimed in. It has proposed an all-cash consideration of 56 cents per share to acquire the company. This values Apollo at $166 million on a fully diluted share count basis.

Gold Road says the offer “represents a compelling opportunity for Apollo shareholders to realise certain and near-term value” compared to the Ramelius offer.

Gold Road’s is the superior offer on a cash-for-cash basis. This is because Remelius’ bid implies a total value of 55.4 cents per Apollo share.

In fact, the 56 cents per share on offer signified “the highest price ever paid for an Apollo share”, at the time of the release. However, it represents a roughly 2.5% discount to Apollo’s current price of 58.5 cents.

The release also notes that “several conditions of theirs (Ramelius’ offer) are now incapable of satisfaction”, due to the nature of Ramelius’ “highly conditional” offer.

As it stands, Apollo’s board has recommended its shareholders take no action in respect to the Gold Road offer, until they are able to make an informed decision based on both offers.

There is still a month remaining on the open interest of the Gold Road offer by legislature. That means Apollo shareholders “will have ample time to make a decision after they have received the target’s statement”.

Gold Road share price snapshot

The Gold Road share price has struggled this year to date, having posted a return of about 1% since January 1.

As such, it is in the red by around 9% in the last 12 months, well behind the S&P/ASX 200 index (ASX: XJO)’s climb of about 19% in that time.

The post Gold Road (ASX:GOR) share price edges higher on acquisition news appeared first on The Motley Fool Australia.

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The author Zach Bristow 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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The Camplify Holdings Ltd (ASX: CHL) share price is racing higher today following a trading update from the company.

At the time of writing, the Camplify share price is $3.80, up 9.51%. It’s worth noting that during morning trade, Camplify shares touched an all-time high of $3.90 before pulling back.

What did Camplify announce?

Camplify is a digital marketplace connecting RV owners with potential hirers in Australia, the United Kingdom, New Zealand, and Spain.

In its release, Camplify reported strong marketplace performance in Q1 FY22, despite the COVID-19 restrictions and lockdowns in Australia.

While half of the population was severely impacted by travel restrictions, Camplify managed to record growth across key metrics.

Gross transaction volumes (GTV) soared to $10.49 million, an increase of 69% over the prior corresponding period. Revenue also rose to $3.07 million, reflecting a jump of 106% when compared to Q1 FY21. Cash receipts came to $7.68 million.

Camplify advised that growth for the first 3 months of FY22 came predominately from its North Hemisphere operations. Notably, GTV accelerated by 152% in the United Kingdom and 212% in Spain due to the easing of restrictions in both countries.

Operating costs swelled by 30% over the previous quarter. Management noted that this is because of seasonality changes and the Southern Hemisphere lockdown effect.

Marketing costs doubled as additional focus was put on targeting growth in the winter months. The investment in longtail acquisition of RV owners in Australia in preparation for post-lockdown activity contributed to increased marketing spending.

During Q1 FY22, the Camplify marketplace grew by 19,898 customers and saw the total RV fleet reach 6,469.

Camplify noted that as the vaccine rollout continues, unrestricted domestic travel will resume in Australia and New Zealand. The pent-up demand for safe travel is expected to lead to consumers looking for easy holiday options.

About the Camplify share price

Since its initial public offering (IPO) in June, Camplify shares have posted a gain of almost 170% for investors. Its shares have continued on an upwards trend since then, reflecting bullish sentiment on the company.

Based on today’s Camplify share price, the company has a market capitalisation of roughly $102 million with 27 million shares outstanding.

The post Camplify (ASX:CHL) share price leaps 9% on surging customer growth appeared first on The Motley Fool Australia.

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

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

News broke on Wednesday that PayPal Holdings (NASDAQ: PYPL) may be considering an acquisition of visual search and media company Pinterest (NYSE: PINS). The rumor sent shares of Pinterest soaring. As of 1 p.m. EDT, the stock was up about 13%.

The timing of PayPal’s consideration to buy Pinterest makes sense. The stock has been hammered this year. Before the growth stock‘s bump today, shares were down 16% year to date. Moreover, the stock is down 30% from all time highs — and that includes the stock’s pop on Wednesday.

Given this rumor and the stock’s big gain today, what should investors do?

Buyout rumors: What you need to know

PayPal has been reportedly talking with Pinterest about buying the company for a potential price of $70 per share, Bloomberg News said on Wednesday. This would represent more than a 25% premium for Pinterest stock based on where shares were trading before this rumor started circling.

The photo- and idea-sharing website, which makes most of its money from digital advertising sales, has been morphing into a discovery platform for online purchases. Indeed, just this month, Pinterest announced new features that enabled sellers to upload product catalogs and make them discoverable to target audiences. The evolving shopping aspect of Pinterest’s platform may be one thing that makes the potential acquisition attractive to digital payment juggernaut PayPal.

What should investors do?

Given the stock’s sudden surge, current Pinterest shareholders may be tempted to do some profit-taking. And prospective investors may be considering buying the stock in hopes that the potential acquisition is more than just a rumor. After all, the rumored $70 price tag still represents a 13% premium from where shares are trading at the time of this writing.

While it’s tempting to take action on this news, oftentimes in investing it’s best to lean toward inaction over action.

For investors who already owned Pinterest stock, there was likely something about the underlying business that seemed attractive to them. Pinterest’s core business remains — and it will remain even if the acquisition never pans out. So why sell today?

For investors who didn’t own the stock, there was likely a reason they were avoiding it already — so they shouldn’t rush to buy shares out of speculation that they’ll see a short-term pop. After all, it’s always possible that an acquisition never comes to fruition.

So, are Pinterest shares a buy, sell, or hold today? It’s likely wise to consider them a hold — at least until there’s more clarity about whether the company will remain independent or not. 

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

The post Pinterest stock: Buy, sell, or hold ahead of possible buyout? appeared first on The Motley Fool Australia.

More reading

• Why PayPal investors got nervous on Wednesday

Daniel Sparks has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended PayPal Holdings and Pinterest. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2022 $75 calls on PayPal Holdings. The Motley Fool Australia has recommended PayPal Holdings and Pinterest. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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

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The SelfWealth Ltd (ASX: SWF) share price has struggled to make headway this year, down 37% year-to-date. At the time of writing, shares are swapping hands for 34.5 cents apiece — a 2.82% drop on yesterday’s closing price.

Despite its underperformance, the business has managed to deliver very strong growth rates as the Australian investing landscape continues to grow rapidly.

SelfWealth held its annual general meeting (AGM) on Thursday, which reiterated some of the company’s key achievements, growth initiatives, and outlook.

SelfWealth’s growth journey so far

The SelfWealth share price slipped 2% in FY21 despite the company delivering record results. These included:

• Revenue surging 135% to $18.4 million;
• Active traders increasing 105% to 95,189;
• Positive operating cash flow of $1.1 million driven by strong revenue growth and disciplined cost control;
• Gross profit margins of 41.4%, up from 33.4% in FY20; and
• US trading launched in December 2020 and adopted by 29% of total active traders within the first six months.

SelfWealth described FY21 as a year where it “refined” vision, transitioning from a sole focus on ASX-listed equities to becoming a much broader wealth creation platform.

What’s next for SelfWealth and its share price?

Investors will be hoping the company’s plans spell good news for the SelfWealth share price. SelfWealth is on a mission to grow its market share to become the second-largest online trading platform (currently No. 4).

The retail trading environment has rapidly evolved in favour of SelfWealth’s business, where its addressable market has doubled since January 2020 thanks to a jump in trading interest.

According to Investment Trends, Selfwealth’s market share is gathering momentum, recently passing a big four bank and currently ranked number 4 for market share.

The AGM slides highlighted SelfWealth as ranked 183 of all websites in Australia. By comparison, Commsec, NAB Trade, CMC, and Stake sit at 58, 225, 346, and 415 respectively.

Looking ahead, SelfWealth has an exciting product roadmap including offering traders new global markets, beta testing for cryptocurrencies, and educational content for members in 2Q22.

The SelfWealth share price remains subdued despite its exciting growth plans and sector tailwinds.

This has happened in the past following the company’s record FY21 full-year results announcement and recent first-quarter activities update.

The post SelfWealth (ASX:SWF) share price falls despite accelerating growth appeared first on The Motley Fool Australia.

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Motley Fool contributor Kerry Sun 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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The Woodside Petroleum Limited (ASX: WPL) share price is in the red in late morning trade, down 1.02% to $24.27.

The S&P/ASX 200 Index (ASX: XJO) is struggling today too, and is currently up 0.13% after earlier posting an 0.2% loss.

Below, we take a look at the ASX 200 energy company’s quarterly update for the quarter ending 30 September.

What quarterly results did Woodside report?

Woodside reported a 19% quarter-on-quarter revenue boost with Q3 sales revenue of $1.53 billion.

Despite this, the total delivered production of 22.2 million barrels of oil equivalent (MMboe) fell 2% from Q2 2021.

Revenues were boosted by the 28% quarter-on-quarter increase in the average realised price of oil equivalent. The average price in Q3 increased to $59 per barrel.

Among the biggest news of the quarter was Woodside’s merger commitment deed with mining giant BHP Group Ltd (ASX: BHP). That agreement aims to combine BHP’s oil and gas portfolio with Woodside’s own portfolio.

Meg O’Neill took the helm of the energy giant as CEO and managing director during the quarter.

Commenting on the quarterly results, O’Neill said:

Revenue from LNG sales during the period was 27% higher than the second quarter despite production being impacted by planned maintenance activities at the North West Shelf Project and Pluto LNG…

We expect in the fourth quarter to see the benefit of stronger pricing on our realised prices, reflecting the oil price lag in many of our contracts and recent increases in gas hub prices. Our production guidance remains unchanged at 90-93 MMboe.

On the highly publicised and anticipated merger agreement with BHP, O’Neill added:

The agreement to pursue a proposed merger of Woodside and BHP’s petroleum business is progressing as planned. Execution of a share sale agreement and an integration and transition service agreement is expected in November, in advance of targeted completion in the second quarter of 2022 following all approvals.

Woodside share price snapshot

Over the past 12 months, the Woodside share price has risen 30%. This compares to a 20% gain for the S&P/ASX 200 index (ASX: XJO).

Over the past month, Woodside shares have leapt 16% higher as global demand for oil increases.

The post Woodside (ASX:WPL) share price dips despite quarterly revenue lift appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Thursday
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• Own Woodside (ASX:WPL) shares? Here’s what the World Energy Outlook could signal
• 5 things to watch on the ASX 200 on Monday

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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At lunch on Thursday, the S&P/ASX 200 Index (ASX: XJO) has recovered from a soft start and is pushing higher. The benchmark index is currently up 0.15% to 7,424.4 points.

Here’s what is happening on the ASX 200 on Thursday:

Aristocrat Leisure share price hits record high

The Aristocrat Leisure Limited (ASX: ALL) share price stormed to a record high today. This morning the gaming technology company announced the successful completion of the institutional component of its $1.3 billion entitlement offer. It raised ~$895 million at $41.85 per new share. In addition, a bookbuild for institutional entitlement offer shortfall shares cleared at a price of $47.10 per new share. This represents a premium of $5.25 to the offer price and a 2.8% premium to the Aristocrat share price prior to its trading halt. These funds will be used to acquire London-listed leading global online gambling software and content supplier, Playtech, for $5 billion.

Flight Centre shares sink

The Flight Centre Travel Group Ltd (ASX: FLT) share price is tumbling lower today. This appears to have been driven by the issue of convertible notes. According to the release, the travel agent has raised $400 million through the issue of senior unsecured convertible notes for maturity in 2028. Flight Centre intends to use the net proceeds to pay down existing debt and take advantage of the current ultra-low rates on fixed-rate debt financing to help fund its growth vision into the future.

ANZ notable items

The Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price is trading lower on Thursday. This follows the announcement of notable items that will impact its second half profits totalling $129 million after tax. The bank notes that this is the equivalent of 3 basis points of CET1 capital at level two. The majority of this relates to remediation charges of $113 million after tax.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Thursday has been the Healius Ltd (ASX: HLS) share price with a 6% gain. This follows the announcement of huge profit growth during the first quarter. The worst performer has been the Flight Centre share price with a 6% decline following its convertible note offering.

The post ASX 200 (ASX:XJO) midday update: Aristocrat hits record high, Flight Centre sinks appeared first on The Motley Fool Australia.

More reading

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• Travel is opening up. So, why is the Flight Centre (ASX:FLT) share price still the most shorted on the ASX?
• 5 things to watch on the ASX 200 on Thursday

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 Flight Centre Travel 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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