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Here on the Fool, we’ve recently been taking a look at how some of the major S&P/ASX 200 Index (ASX: XJO) shares have gone over the most recent quarter. That would be the first quarter of the 2022 financial year (FY22), which ran from 1 July to 30 September. Over this period, the ASX 200 had a rather lacklustre performance but still managed to eke out a gain of roughly 0.26%. So how did the A2 Milk Company Ltd (ASX: A2M) share price go over this period? That’s what we’ll be checking out today.

How did the A2 Milk share price perform over the quarter?

So A2 Milk started off FY22 at a share price of $6 on the dot. By the time September wrapped up, this dairy company finished the quarter at a price of $6.24 a share. That means this company officially recorded a gain of 4% for the quarter in question. That represents a significant outperformance against the broader ASX 200.

Of course, that metric tells us little about the experience A2 Milk shares actually had over the quarter. On the above number, it appears, this company had a very successful 3-month period.

But over this period in question, we saw A2 Milk shares reach highs of $7.20 a share in early July, as well as lows of $5.36 a share by mid-September. That gap represents a difference of almost 35%, so it’s safe to say this company had a wild ride, despite the bookend figures.

So where to start with what happened for A2 over the quarter just passed? There was a lot going on with this share, as you might gather from the volatility we discussed earlier.

Brokers, results and a takeover…

It’s worth pointing out that brokers have been particularly divided when it comes to A2 Milk. We saw a wide range of brokering views come out over the quarter just gone. These ranged from an ‘underperform’ rating and a 12-month share price target of $5.50 from Credit Suisse, to a ‘buy’ rating and a price target of $7.70 from Bell Potter. This might have been influencing investor sentiment over the quarter.

But we also had a veritable deluge of other news. Firstly, we had rumours that the global food giant Nestle was potentially considering an acquisition bid for the company, possibly due to its depressed share price. As we covered at the time, Nestle was reportedly “taking a close look at A2 Milk”, but was waiting to see what the company’s FY21 results looked like. This gave the company’s shares a boost.

Then there were A2’s FY21 full-year results, which came out back in late August. These initially were not well-received by the market, with the A2 share price falling 10% or so on the morning of their release.

All of these events may have contributed to the wild ride A2 Milk shares had over the quarter just gone. We will have to wait and see what this quarter brings us. So far at least, it’s been more of the same.

At the time of writing, the A2 Milk Company share price is sitting at $6.96, up a very healthy 5.78% for the day so far. At this share price, A2 Milk has a market capitalisation of $4.31 billion.

The post Why did the A2 Milk (ASX:A2M) share price have such a great FY22 first quarter? appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen owns shares of A2 Milk. 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 A2 Milk. 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 Harmoney Corp Ltd (ASX: HMY) share price is rocketing in early trade, up 7.94% to $1.84 per share.

Below we take a look at the consumer credit company’s results for the quarter ending 30 September (Q1 FY22) that look to be driving ASX investor interest.

What results did Harmoney report for Q1 FY22?

The Harmoney share price is soaring after the company reported the biggest quarterly lift in new customer originations in its history.

Australian new customer originations of $31 million increased 885% year-on-year and were up 17% on the previous quarter.

The company’s proforma loan book climbed to $517 million. The book yielded a net interest margin of 11% and a net lending margin of 7%.

Its Australian receivables book also showed strong growth, up 58% on the prior quarter to $155 million.

Commenting on the results, Harmoney’s CEO, David Stevens said:

Harmoney continues to deliver on its growth strategy with another outstanding quarter despite COVID lockdowns in Australia and New Zealand…

Harmoney’s Group loan book, at just over half a billion dollars, is already cash NPAT breakeven on a proforma basis. The company’s 100% consumer-direct model and innovative Libra lending platform enables over two thirds of loan applications to be completely automated, providing significant operational leverage and driving profitability as our income grows noticeably faster than our cost base.

Expounding on the company’s technology-focused offerings, Stevens added, “Harmoney’s consumer-direct marketing technology is world class and generates approximately 10,000 new customer accounts per month across Australia and New Zealand.”

Looking ahead

The Harmoney share price may also be getting a boost after the company reaffirmed its market guidance for the full 2022 financial year.

The guidance includes:

• Group proforma loan book of at least $600 million
• Group proforma revenue of at least $92 million
• A net lending margin of at least 7%

Harmoney share price snapshot

Harmoney is a relative newcomer to the ASX. The company’s initial public offering (IPO) was on 19 November 2020.

So far in 2021, the Harmoney share price has struggled, down 36.5%. That compares to a gain of 9.76% posted by the All Ordinaries Index (ASX: XAO).

Over the past month, the Harmoney share price has dropped by 2.39%.

The post Why the Harmoney (ASX:HMY) share price is up 8% today appeared first on The Motley Fool Australia.

More reading

• Why did the A2 Milk (ASX:A2M) share price have such a great FY22 first quarter?
• Own Sydney Airport (ASX:SYD) shares? Here’s the latest development on the takeover bid
• Top broker tips Mineral Resources (ASX:MIN) share price to jump 80%
• ASX uranium shares are surging this week. Here’s why
• Bubs (ASX:BUB) share price jumps a further 13% on broker upgrade

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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Those with Sydney Airport (ASX: SYD) shares in their portfolio might soon be jumping for joy.

The consortium looking to acquire the airport is reportedly preparing to put forward a formal offer over the next few days.

According to reporting by The Australian, the Sydney Aviation Alliance consortium plans to put down a binding $23.6 billion offer in the coming days. That would see the group paying $8.75 per share.

At the time of writing, the Sydney Airport share price is $8.37, 1.33% higher than its previous close.

Let’s take a closer look at the reportedly imminent offer.

A quick refresher

Sydney Airport has been faced with numerous takeover offers from the Sydney Aviation Alliance consortium over the last few months.

Though, the airport’s board only accepted the most recent, $8.75 per share bid, posted on 13 September. Now, the consortium is undertaking due diligence on the airport.

The consortium’s made up of IFM Investors, Global Infrastructure Management, AustralianSuper, and QSuper.

The Sydney Airport share price is currently 44% higher than it was before the consortium posed its first takeover offer.

Today’s news

According to The Australian, it understands the Sydney Aviation Alliance consortium will officially slap its $23.6 billion takeover offer on the table tomorrow or Monday.

The publication states that, following an official acceptance of the offer, the deal would have to be given the green light by the Foreign Investment Review Board and the Australian Competition and Consumer Commission.

The watchdogs might be looking very closely at Sydney Airport’s proposed ownership structure. Particularly, as some members of the consortium reportedly own significant stakes in other Australian airports.

Under Australian law, any one company is restricted from owning large chunks of more than one airport. The Australian states that forming a consortium is an attempt to avoid breaking such ownership rules.

Sydney Airport share price snapshot

The Sydney Airport share price has gained 30% since the start of 2021. It is also 37% higher than it was 12 months ago.

The post Own Sydney Airport (ASX:SYD) shares? Here’s the latest development on the takeover bid appeared first on The Motley Fool Australia.

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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 Mineral Resources Limited (ASX: MIN) share price is pushing higher on Thursday morning.

At the time of writing, the mining and mining services company’s shares are up 1% to $42.67.

Despite this, the Mineral Resources share price is still down a disappointing 19% since this time last month.

Is this a buying opportunity?

While the last 30 days have been very disappointing for shareholders, one leading broker appears to believe it could be a buying opportunity for non-shareholders.

According to a note out of Macquarie Group Ltd (ASX: MQG) from the end of last month, the broker has an outperform rating and $77.00 price target on the company’s shares.

Based on the current Mineral Resources share price, this implies potential upside of 80% over the next 12 month.

Macquarie likes the company due partly to its bullish view on lithium. Mineral Resources has exposure to the battery making ingredient through the Mt Marion Lithium Project and the Wodgina Lithium Project. The latter is one of the largest known hard rock lithium deposits in the world with a production life of over 30 years.

The broker has also been pleased with recent updates on the Lockyer Deep-1 well. While it is early days, it notes that the company has successfully encountered gas in the Perth Basin. Macquarie sees decarbonisation opportunities for the company by switching to LNG from diesel fuel at its mining operations in Western Australia.

Is anyone else bullish on the Mineral Resources share price?

Another leading broker also sees a lot of value in the Mineral Resources share price at the current level.

A note out of Bell Potter from last week reveals that its analysts have a buy rating and $54.25 price target on the company’s shares.

This implies potential upside of 27% for the Mineral Resources share price over the next 12 months.

It commented: “Prior to the end of CY21, we anticipate Government decisions on approvals for MIN’s iron ore development projects. The successful development of these iron ore projects would result in a step-change to both the scale and commodity- price sensitivity of MIN’s iron ore business. On balance, we consider that short-term downside risks of iron ore price volatility are more than compensated for by our risked valuations for the iron ore projects.”

“Longer-term, there is the potential of MIN’s energy investments to add another dimension to the existing services and commodities businesses. Changes to our earnings estimates with this update include a 41%, 19% and 10% decreases to CY22e, CY23e and CY24e respectively, resulting primarily from changes to our forecast commodity prices and our iron ore grade and quality discounts,” it added.

The post Top broker tips Mineral Resources (ASX:MIN) share price to jump 80% 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 owns shares of and 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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ASX uranium shares are surging across the board for a second day following a tsunami of capital inflow into the sector.

Let’s take a closer look at what’s going on today.

ASX uranium shares extend winning streak

Yesterday, ASX uranium shares rallied double-digits across the board from the largest, most established players like Paladin Energy Ltd (ASX: PDN) all the way through to speculative explorers like 92 Energy Ltd (ASX: 92E).

The bullish performance continues on Thursday, with the Paladin Energy share price opening 5.2% to 91.5 cents this morning.

More advanced explorers such as Boss Energy Ltd (ASX: BOE) and Deep Yellow Limited (ASX: DYL) also opened a respective 5.4% and 2.3% higher at the morning bell.

On the more speculative end of town, ASX uranium shares including Bannerman Energy Ltd (ASX: BMN), Lotus Resources Ltd (ASX: LOT), Peninsula Energy Ltd (ASX: PEN), and Alligator Energy Ltd (ASX: AGE) also jumped on open.

It looks like the ASX uranium shares have since taken a breather after rallying at the morning bell. Many have partially retreated or faded into slightly negative territory at the time of writing.

What’s driving the re-rate for ASX uranium shares?

Uranium ETF jumps again on record volume

On Wednesday, the Global X Uranium exchange-traded fund (ETF) surged 11.65% on the back of its highest volume since inception. Just over 6.1 million shares traded hands, compared to its 10-day average of around 2.3 million shares.

Last night, the uranium ETF extended its gains, adding another 6.84%, closing at a fresh all-time high. This move was driven by another record volume day, with 6.3 million shares traded.

Evidently, the market is waking up to the role that uranium could play in achieving net zero emissions and supporting the energy crisis taking place across China and Europe.

The uranium ETF has a 12.1% allocation towards ASX uranium shares, with exposure to players including Paladin Energy, Boss Energy, Bannerman Energy and more.

Uranium spot prices tick higher

Another factor in the bullish performance of ASX uranium shares is the resurgence of spot prices.

Uranium spot prices surged US$6.00/lb or 14.8% to US$46.5/lb, according to Numerco.

Uranium prices have rebounded strongly after hitting US$50/lb on 17 September.

Sprott’s buying spree continues

Sprott asset management and its physical uranium trust has been pointed out as a major catalyst behind the re-rate for the uranium sector.

Its uranium trust is one of few funds that invests in physical uranium, taking it off the spot market and tightening supply.

Sprott tweeted this morning that it added another 1.15 million pounds of physical uranium. That brings its total holdings to well over 30 million pounds.

Sprott Physical Uranium Trust keeps growing!

1.15MM pounds of physical #Uranium added today! #SPUT $U.UN $U.U $SRUUF #Nuclear #LowCarbon #Energy #ETF #U308

For more information and disclosures, please visit https://t.co/PcaG53VfN5 pic.twitter.com/Nm6ikmsZbH

— Sprott Asset Management (@Sprott) October 13, 2021

https://platform.twitter.com/widgets.js

The post ASX uranium shares are surging this week. Here’s why appeared first on The Motley Fool Australia.

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• Here’s why ASX uranium shares are booming double digits across the board on Wednesday
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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 Bubs Australia Ltd (ASX: BUB) share price is charging higher for a second day in a row.

In morning trade, the infant formula company’s shares are up 13% to 56.5 cents.

This means the Bubs share price is now up 52% in two days.

Why is the Bubs share price charging higher again today?

The catalyst for the rise in the Bubs share price on Thursday has been a very positive reaction to its first quarter update from a leading broker.

In case you missed it, after several disappointing quarters, Bubs returned to form in the first quarter of FY 2022. It reported quarterly gross revenue of $18.5 million, which represents a 96% increase year on year and a 45% quarter on quarter increase.

A key driver of this growth was Bubs’ China business. Sales across the Chinese Daigou, cross border ecommerce, and General Trade channels increased 156% over the prior corresponding period to $9.8 million. This has sparked hopes that the tough times are now behind the infant formula market.

Which broker is positive on Bubs?

According to a note out of Bell Potter, its analysts have upgraded the company’s shares to a speculative buy rating with a 65 cents price target.

Based on the current Bubs share price, this still implies potential upside of 15% even after its gains this week.

The broker commented: “BUB delivered a surprisingly strong 1Q22 sales outcome, which has been driven in large by the infant nutrition business. Improving secular trade flows to China, continued signs of brand traction (5 consecutive quarters of high double digit scan data sales growth) and the potential for BUB to benefit in indirect distribution channels as A2M shifts focus to direct China channels, suggest more optimism is warranted. To this end we upgrade our rating from Hold, Speculative risk to Buy, Speculative risk.”

Bell Potter also provided colour on how it values in the Bubs share price.

It explained: “Our $0.65ps valuation on BUB’s is predicated on: (1) an existing brand value of 5.5-6.5x FY22-23e revenue (ex-processing), which compares to a peer group of emerging FMCG entities at 5.5x EV/T12M revenue and a 6.7x last reported annualised quarterly revenue; and (2) a value for the processing assets at $4-5/tin of capacity and (3) ProForma net cash post settlement of deferred acquisition costs.”

The post Bubs (ASX:BUB) share price jumps a further 13% on broker upgrade 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 recommended BUBS AUST FPO. 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 won’t be going anywhere on Thursday.

This morning the lithium developer requested that its shares be placed in a trading halt.

Why is the Vulcan share price halted?

Prior to the market open, the company requested that the Vulcan share price be halted whilst it prepares an announcement.

According to the release, the company is planning to make an announcement in relation to a further binding offtake agreement.

Vulcan has requested that the trading halt remains in place until the earlier of the release of the announcement or the commencement of trade on Monday 18 October.

What’s happening?

At this stage it remains unclear what the new offtake agreement entails. However, it is worth highlighting that this is a further binding offtake agreement.

In August, Vulcan signed a lithium offtake term sheet with auto giant Renault for an initial five-year term. That deal is for the commercial delivery of between 6,000 to 17,000 metric tonnes per year of battery grade lithium chemicals from 2026.

The company also has an offtake agreement for lithium supply with LG Energy Solution for up to 10,000 metric tonnes per year for five years from 2026. LG Energy Solution is the world’s largest producer of lithium-ion batteries for electric vehicles.

This compares to the 40,000 metric tonnes per year of battery grade lithium chemicals that the company expects to produce from its Zero Carbon Lithium Project in Germany. Which means that another large offtake agreement has the potential to secure all of its planned production years before the operation has even started.

With demand for lithium as strong as this, it is no wonder the Vulcan share price has been on fire this year.

Vulcan’s shares are up almost 320% in 2021.

The post Why the Vulcan (ASX:VUL) share price is in a trading halt 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 Netwealth Group Ltd (ASX: NWL) share price is pushing higher on Thursday. This follows the financial management software company’s September quarterly update.

At present, shares in Netwealth are swapping hands at $15.80, a 10.57% increase.

What’s lifting the Netwealth share price today?

In an announcement released this morning, Netwealth has surpassed all previous quarterly funds under administration (FUA), setting a record in the September quarter.

At 30 September 2021, the company held $52 billion in FUA, representing an increase of 10.2% for the quarter. Notably, this indicates a significant 52.7% increase compared to the prior corresponding period.

Meanwhile, the funds under management (FUM) portion of the business also experienced reasonable growth in the latest quarter. Specifically, FUM at the end of the period stood at $12.6 billion, increasing 56.9% from the prior corresponding period. The distinct surge in funds has investors bidding up the Netwealth share price today.

However, the fastest-growing segment was Netwealth’s managed account balance. At the end of September, managed accounts totalled $10.7 billion, increasing 63.6% from the prior corresponding period.

As a result, the financial platform has retained its spot as the sixth largest and fastest-growing platform provider by net funds flows in Australia. Currently, the company holds a market share of 4.9%, while Macquarie (in the fifth spot) holds an 11.2% market share.

Outlook

Shifting our gaze to the future of the company, Netwealth shared a positive outlook for its market potential. This is thanks to the ongoing structural changes within the financial services industry.

Consequently, the company believes this will support further increases in its addressable market and growth opportunities. Building on that, Netwealth mentioned its pipeline for new business remains very strong across all market segments.

Finally, as a result of the stellar record net inflows in the September quarter, the company has upgraded its FUA net inflow guidance for FY2022. Now Netwealth forecasts FUA net inflows of $12.5 billion for the financial year, as opposed to its previous $10 billion guidance.

Despite these achievements, the Netwealth share price is still down approximately 20% over the past year.

The post Netwealth (ASX:NWL) share price jumps 10% following record quarter appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler 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 Netwealth. The Motley Fool Australia owns shares of and has recommended Netwealth. 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 Adore Beauty Group Ltd (ASX: ABY) share price is on the move on Thursday morning.

At the time of writing, the online beauty retailer’s shares are up 4% to $5.15.

Why is the Adore Beauty share price rising?

Investors have been bidding the Adore Beauty share price higher on Thursday following the release of a trading update.

That update reveals that the company has started the new financial year in a very positive fashion and has delivered strong first quarter growth in revenue and customer numbers.

According to the release, Adore Beauty reported a 25% increase in revenue to $63.8 million during the first quarter. This was underpinned by a 24% jump in active customers to 874,000 and returning customer growth of 63%.

Management advised that it continues to benefit from the ongoing structural shift to online, which has been further accelerated by the recent COVID-19 lockdowns. This is supporting Adore Beauty as it executes on its growth strategy to cement its online market leadership, scale its native mobile app, grow its loyalty program, and expand its product range.

Management commentary

Adore Beauty’s CEO, Tennealle O’Shannessy, was pleased with the strong start to the new financial year.

She said: “Adore Beauty has continued to deliver strong growth in sales revenue, active customers and returning customer numbers during the quarter. Over the last 12 months our loyal returning customers grew 63 per cent, providing a strong foundation for future growth. Our returning customers become more valuable each year they spend on the platform, increasing both their basket size and order frequency over time.”

“We continue to leverage our content strategy to drive brand awareness and discovery, and we are reinvesting in the business to accelerate our growth trajectory within a large and growing $11 billion market. It has been a pleasing start to FY22 and we look forward to continuing to execute on the exciting initiatives that will see Adore cement our online market leadership in the beauty category,” she added.

The post Adore Beauty (ASX:ABY) share price up 4% on Q1 update 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 recommended Adore Beauty Group Limited. 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 Collins Foods Ltd (ASX: CKF) share price is pushing higher again on Thursday.

In early trade, the quick service restaurant operator’s shares are up 1.5% to $13.57.

Why is the Collins Foods share price rising?

The Collins Foods share price is pushing higher this morning after investors responded positively to the release of an announcement.

According to the release, the company has entered into a share purchase agreement with RDK Holding and MDK Holding to acquire nine KFC restaurants in the Netherlands for 10.25 million euros. This will be funded from Collins Foods’ existing debt facilities.

The release notes that the sellers are the second largest KFC franchisee in the Netherlands behind Collins Foods with its existing 35 restaurants. Once the transaction completes, this acquisition will increase the Collins Foods KFC network in the Netherlands to 44 restaurants. This represents 55% of the market in the country.

But management isn’t stopping there. Last week Collins Foods signed a Corporate Franchise Agreement (CFA) with KFC owner Yum! Brands for KFC Netherlands. This means Collins Foods has the rights to develop, manage, and operate the KFC business in the country. The agreement provides a framework for the development of up to 130 new KFC restaurants over a 10-year period.

It is also worth noting that the new acquisitions will not count towards its 130 new restaurants target.

Management commentary

Collins Foods’ Managing Director and CEO, Drew O’Malley, appeared to be very pleased with the deal.

He said: “Today’s acquisition marks another exciting step forward for Collins Foods’ European growth strategy. The restaurants we are acquiring are from one of Netherlands’ top KFC operators. It provides us with an opportunity to bring an additional quality network of restaurants into our European business and adds further capability to our team and increased scale to our operations in the Netherlands. The acquisition of these nine restaurants increases our presence to 44 KFC restaurants in the Netherlands and going forward, facilitates further growth opportunities.”

“In tandem with our new Corporate Franchise Agreement, it demonstrates our commitment toward making KFC Netherlands an essential component of Collins Foods’ global growth strategy. We see exciting opportunities for the Netherlands market to grow over the medium term as KFC’s market penetration increases to be more in line with other Quick Service Restaurant operators, and as we further innovate product, marketing and customer experience under our new Corporate Franchise Agreement,” the CEO concluded.

The Collins Foods share price is now up 42% in 2021.

The post Here’s why the Collins Foods (ASX:CKF) share price is pushing higher today appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro owns shares of Collins Foods Limited. 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 Collins Foods 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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