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ASX investors are a curious bunch. If we hear of a company that may be doing well, a natural instinct is to look for it on the ASX boards, our public share market. That seems to be the situation that is going on with the renewable energy company Gelion.

Gelion has been making headlines this week. A news release from the University of Sydney this morning tells us that Gelion is partnering with another compnay – Battery Energy Power Solutions – to “make and distribute the Gelion Endure zinc-bromide battery”.

WIth this in mind, many ASX investors might be keen to buy some Gelion shares and join this party. After all, renewable energy is an exciting growth area for many investors right now.

Alas, that won’t be possible, at least for now. That’s because Gelion remains a private company, unavailable for public investment through the share market.

Who is Gelion, and why isn’t it on the ASX?

Gelion was actually a creation of the University of Sydney, hence the news release this morning. The University still remains an investor in the company.

Even so, there’s no doubt Gelion is an exciting start up. Its flagship zinc-bromide battery was developed by Professor Thomas Maschmeyer, and will now be manufactured at Battery Energy’s Sydney factory in Fairfield.

These new battries can reportedly deliver power more efficiently and safely than a standard lthium ion one. In the release, Professor Maschmeyer said the following in the technology:

For stationary energy storage, zinc-bromide batteries do away with the need for expensive cooling and maintenance systems. And they can’t catch fire…

We recently tested the battery by heating it on a barbeque plate at about 700 degrees for half an hour… Not only did the battery not catch fire, it continued to operate, keeping a light on through the whole test.

Gelion CEO Andrew Grimes also had a few things to say on this development for the company:

Gelion’s vision is to play a leading role in the transition to clean energy across the globe…

In the coming months, we will be focused on demonstrating our next-generation battery systems in-field in Australia, commencing later this year.

New battery technology is not all that Gelion has cooking in its kitchen though. Last year, Gelion announced that it had developed a solar-powered bench using its battery technology. These benches were installed across the University of Sydney campus, and seem to have proved an initial success.

But, as we discussed earlier, Gelion won’t be available to retail ASX investors just yet. But watch this space, you never know what the future might hold for this exciting company.

The post If only Gelion was an ASX share! Here’s why its batteries are making news appeared first on The Motley Fool Australia.

More reading

• If there is another stock market crash, will we learn from our mistakes?
• Which ASX 300 shares are leading the way as the top movers on Friday?
• Why the Viva Leisure (ASX:VVA) share price is surging 16% today
• Why the Oil Search (ASX:OSH) share price is leaping out of the trading pause
• Why the Whitehaven (ASX:WHC) share price is gaining on Friday

Motley Fool contributor Sebastian Bowen 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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Much like the seasons, stock market crashes come and go. However, unlike the predictable nature of changes in season, the market’s next move is near impossible to foresee.

As long-term investors, we accept this unstructured cyclic pattern that ebbs and flows as it pleases. One thing we know for sure is that time and time again crashes eventually give way to new highs.

Conveniently, we don’t need to look too far back to reflect on such an occurrence. It was 17 months ago that the S&P/ASX 200 Index (ASX: XJO) capped off its ~32% COVID-19 induced crash. An event that unfolded in the space of a mere 28 days from top to bottom. Yet, here we are 17 months later and 53.5% higher.

Looking back, we now have the benefit of hindsight — and while that may not be helpful to the decisions made back in 2020, it can be put to good use in the event of any future stock market crashes.

Lessons worth remembering for another stock market crash

Timing the market is a fool’s errand

It seems obvious, but it must be said — no one can accurately predict the future, and certainly not consistently. Occasionally, we might ‘luck out’ and sell out of a company at the top, or buy-in towards the bottom. However, this strategy comes with its flaws.

See, we humans are emotional beings. As much as we’d like to believe we can make completely rational decisions, our instinctual nature tends to override our logical decision-making. The problem with this is that when the market is falling, it instils fear. We can’t help but be overwhelmed with the numbing distress of losing our hard-earned money. As a result, we often avoid the stock market completely when it is crashing.

However, the fact is, the days of the greatest historic stock market returns are wedged in between some of the worst.

In other words, you either need a DeLorean from Back to the Future to pick which days to buy and sell. Or you employ the strategy of dollar-cost averaging and settle in for the long haul. One of those two options is feasible at the time of writing this article.

Allocate appropriately based on your own circumstances

The next lesson is more of a personal consideration. When investing and the market is going up, it is easy to get carried away. It is important to consider how a stock market crash would impact your own situation and to invest accordingly.

In terms of cash, a good rule of thumb is to conserve roughly 6 months’ worth of expenses. This could be higher or lower depending on your circumstances. The importance of this emergency fund is to ensure that we as investors are not forced to sell our investments while they are in the doldrums. Because, as we discussed above, it could be soon after selling that they bounce back.

At the same time, having some extra cash on the sidelines affords us the ability to take advantage of depressed share prices, if we so please.

Additionally, taking an audit of our investment allocations in terms of sectors can also be important. For example, if a portfolio was heavily weighted towards retail shares, would we still be able to sleep at night if it was particularly hit hard during a stock market crash?

This self-assessment ensures that we can stomach the risk we have assigned ourselves. If we can’t, then it jeopardises the ability to stay the course through market volatility.

Look at the business, not the share price

Lastly, our final lesson is helpful in aiding in our rational decision-making during irrational market moments.

While the share price matters to investors in the long term, it can be a distraction in the short term. At the end of the day, we are investing in businesses and people, not just ticker codes on a screen.

Amazon.com, Inc. (NASDAQ: AMZN) is a good example of this. During the dot-com crash, the company’s share price plummeted 80%. Yet, all the internal metrics relating to sales, customer numbers, etc. were in an upwards trend.

It is during market crashes that a disconnect between the share price and the business fundamentals can occur. In the words of Jeff Bezos, “The company is not the stock, and the stock is not the company.” So, in saying that, it can be helpful to look at the progress of the company during such times.

Avoiding a stock market crash

This is a trick question, there is no avoiding stock market crashes as a long-term investor. Instead, we should only hope to navigate them better. Like a fisherman going out to sea — we are likely to encounter the occasional storm and rough waters — but as long as we have come prepared, then we can be confident in our actions.

Ironically, rough waters can be even better for fishing, as choppy conditions provide good conditions for fish to be more active in the water. So, with our lessons in mind, we should be equipped to cast a line in the next stock market crash.

The post If there is another stock market crash, will we learn from our mistakes? appeared first on The Motley Fool Australia.

More reading

• Which ASX 300 shares are leading the way as the top movers on Friday?
• Why the Viva Leisure (ASX:VVA) share price is surging 16% today
• Why the Oil Search (ASX:OSH) share price is leaping out of the trading pause
• Why the Whitehaven (ASX:WHC) share price is gaining on Friday
• It’s been a great week so far for the Flight Centre (ASX:FLT) share price

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. 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 S&P/ASX 300 Index (ASX: XKO) is on the rebound today, following yesterday’s 1.9% market sell-off.

In the first few minutes after the market open, the ASX 300 soared 0.81% higher to 7,432 points. However, the index has lost some of these gains, now trading up 0.36% to 7,398 points.

Let’s take a look at which ASX companies are making moves on the ASX 300 chart.

Vulcan Energy Resources Ltd (ASX: VUL)

Investors are fighting to get a piece of the lithium developer, sending the Vulcan share price up 12.5% to a record high of $16.45 today.

The company hasn’t released any news since its corporate presentation last week, which highlighted its Zero Carbon Lithium strategy. Vulcan recently entered into a 5-year strategic partnership and a binding lithium offtake term sheet with Renault Group.

It’s worth noting that Vulcan shares are now up about 480% since the start of this year.

Liontown Resources Limited (ASX: LTR)

The Liontown Resources share price is also pushing ahead on Friday, up 8.53% to $1.15.

The emerging lithium producer also released a presentation last week. The company provided details on its demerger with a subsidiary, Minerals 260.

Liontown Resources stated it will focus on developing its world-class Kathleen Valley Lithium Project, while Minerals 260 will concentrate on exploring the PGE-nickel-copper-gold system in the Julimar region.

Novonix Ltd (ASX: NVX)

Another significant mover today is the Novonix share price, up 9.21% to $6.05.

Despite no news coming out of the lithium company, investors appear to be bullish on its future prospects.

The company’s share price has moved 388% higher this year on the back of strong lithium prices, which are up 98% year to date.

Which ASX companies are heading the other way?

Zimplats Holdings Ltd (ASX: ZIM)

The Zimplats share price is down a sizeable 3.6% to $22.73. Investors are selling the mining company’s shares despite no news being reported since its full-year results on 31 August.

A possible catalyst for the decline could be some profit-taking from investors following the release of the results. Zimplats shares are up 72.8% in 2021.

Polynovo Ltd (ASX: PNV)

Also being weighed down by investors today is the Polynovo share price, down 4.68% to $1.94.

The medical device company announced the resignation of its chief operating officer, Anthony Kaye.

Polynovo advised that Kaye will be returning to global biotech giant CSL Limited (ASX: CSL) in a more senior role.

The post Which ASX 300 shares are leading the way as the top movers on Friday? appeared first on The Motley Fool Australia.

More reading

• The Polynovo (ASX:PNV) share price is down 10% in a month to a 52-week low. Here’s why.
• Novonix (ASX:NVX) share price surges again to record high, up 11% this week
• Which ASX 300 shares are making headlines on Thursday?
• Anson (ASX:ASN) share price leaps 19% on Novonix test results
• Why Novonix, ResMed, Senex, & Weebit Nano shares are charging higher

Motley Fool contributor Aaron Teboneras owns shares of CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd. and POLYNOVO FPO. 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 Viva Leisure Ltd (ASX: VVA) share price is surging despite no price-sensitive news having been released by the company today.

However, less than 2 hours before the ASX closed yesterday, Viva Leisure released an update to the market.

The update outlined the Commonwealth Bank of Australia‘s (ASX: CBA) decision to defer its formal review of Viva Leisure’s financial performance.

Additionally, some of its New South Wales health clubs will soon be able to reopen.

While the update wasn’t price sensitive, the market has seemingly reacted favourably nonetheless.

Right now, the Viva Leisure share price is $1.91, 16.46% higher than its previous close.

Let’s take a closer look at Viva Leisure’s recent update.

Viva’s market update

The Viva Leisure share price is soaring today, potentially spurred by a market update released by the company yesterday afternoon.

Then, the company announced CBA has agreed to defer its formal review of financial covenants until March 2022. The bank agreed to the deferral at the request of Viva Leisure.

In its financial year 2021 results, Viva Leisure noted it had agreed to new credit terms for a debt facility with CBA worth approximately $35 million during the financial year just been.

The facility comprises a $25 million Market Rate Loan facility – which was drawn to $10 million at the time of Viva Leisure’s earnings release – a bank guarantee facility, and a direct debit facility.

Additionally, Viva Leisure announced 20% of its NSW portfolio will be allowed to reopen from 11 September.

The news followed the NSW Government’s decision to lift COVID-19 lockdowns in regional parts of the state.

The reopening will see the doors of 7 of Viva Leisure’s businesses unlocked. However, they will still face certain restrictions.

Viva Leisure share price snapshot

Despite today’s uptick, the Viva Leisure share price is still firmly in the ASX red.

Right now, its share price is 35% lower than it was at the start of 2021. It has also fallen 21% since this time last year.

The post Why the Viva Leisure (ASX:VVA) share price is surging 16% today appeared first on The Motley Fool Australia.

More reading

• Viva Leisure (ASX:VVA) share price sinks 7% on capital raising efforts

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 Oil Search Ltd (ASX: OSH) share price is up 2.74% after exiting this morning’s trading pause. This comes after the company reported it has entered into a definitive agreement to merge with fellow ASX energy share Santos Ltd (ASX: STO) in an all-scrip transaction.

Both the Santos and Oil Search share prices were temporarily frozen earlier today at the companies’ request, pending today’s announcement.

News of a potential merger between the 2 oil and gas companies first came to light on 20 July. At that time, Oil Search rejected the initial merger proposal.

What are the terms of the merger?

If the merger passes the remaining regulatory hurdles, including approval from shareholders and the Papua New Guinean courts, then Oil Search shareholders will receive 0.6275 new Santos shares for each Oil Search share they own.

This is in line with the revised merger terms released to the market on 2 August.

Once the merger is complete, Oil Search shareholders will own 38.5% of the new combined company, which is forecast to have a market cap of $21 billion.

Santos forecasts the merger could result in “pre-tax synergies” of US$90–115 million per year once integration costs are settled.

The combined companies will have a balance sheet with more than US$5.5 billion of liquidity.

Commenting on the merger, Oil Search chairman, Rick Lee said:

Put simply, this merger provides Oil Search shareholders with a compelling opportunity to participate in a larger entity with significant scale, product mix, ESG and geographic diversity, and access to capital. The combined entity will have the capacity to deliver on an exciting pipeline of organic growth opportunities.

The merged company will be headed by Santos CEO, Kevin Gallagher, who said:

Santos and Oil Search will be stronger together and will have increased scale and capacity to drive a combined disciplined, low-cost operating model and unrivalled growth opportunities over the next decade.

Following the merger, three non-executive directors from Oil Search will join the Santos Board. Santos will maintain its head office in Adelaide.

The Oil Search Board has unanimously approved the transaction.

Oil Search share price snapshot

The Oil Search share price is down 0.53% in 2021 compared to a 10.5% gain for the S&P/ASX 200 Index (ASX: XJO). Over the past month, Oil Search shares have dropped 3.48%.

At the time of writing, the Oil Search share price is $3.75.

The post Why the Oil Search (ASX:OSH) share price is leaping out of the trading pause appeared first on The Motley Fool Australia.

More reading

• Santos (ASX:STO) share price climbs as Oil Search merger confirmed
• 5 things to watch on the ASX 200 on Friday
• Oil Search (ASX: OSH) share price falters after market update
• A closer look at how ASX hydrogen shares are faring in 2021?
• What is the future for the Santos (ASX:STO) share price?

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 Flight Centre Travel Group Ltd (ASX: FLT) share price has had a great week thus far. In the past 7 days, shares in the travel agency group have climbed more than 5% higher.

By comparison, the S&P/ASX200 Index (ASX: XJO) has fallen 1.3% during the same week.  

Let’s take a look at what’s been propelling the Flight Centre share price.

What’s been fuelling the Flight Centre share price?

Flight Centre has not released any price-sensitive news in the past week to explain the bullish price action.

However, shares in the travel agency group have been on the receiving end of positive coverage from brokers.

Leading broker Credit Suisse released a bullish note earlier this week that painted a positive outlook on the Flight Centre share price. Analysts upgraded the company’s shares to an outperform rating with an improved price target of $19.00.

The note cited several reasons for the positive outlook, including Australia’s COVID-19 vaccine rollout and recovery in the travel sector. Analysts also highlighted the resilience of Flight Centre’s corporate business.

In addition to a strong week, shares in Flight Centre have also had a stellar month, up by more than 21%.

More on Flight Centre

There have been several catalysts that have helped propel the Flight Centre share price higher in the past month.

Shares in the travel agency group have been boosted by the possibility of domestic and international travel resuming in the near future.

In addition, Flight Centre recently announced expansion plans earlier this month.

The company announced plans to launch its travel management business in Japan via a joint venture with Tokyo-based NSF Engagement Corporation.

It’s also important for investors to note that securities in Flight Centre remain one of the most shorted companies on the exchange.

According to the most recent data, shares in the travel agency group have a short interest of 10.1%.

As a result, some of the bullish price action could potentially be short-sellers covering their positions.

Snapshot of the Flight Centre share price

Despite the Delta outbreak of COVID-19 and broader travel restrictions, shares in Flight Centre have jumped more than 13% higher in 2021.

However, much of these gains have come over the past 3 weeks.

At the time of writing, shares in Flight Centre are strongly in the green today, up 1.35% to $17.96.

The post It’s been a great week so far for the Flight Centre (ASX:FLT) share price appeared first on The Motley Fool Australia.

More reading

• How have ASX travel shares performed during the August 2021 earnings season?
• Why A2 Milk, Flight Centre, Medibank, & St Barbara shares are dropping
• ASX 200 flat, Aussie Broadband shares halted, Openpay rises
• Here are the top 10 ASX 200 shares on Tuesday
• Why AnteoTech, BlueBet, Flight Centre, & Mosaic Brands are racing higher

Motley Fool contributor Nikhil Gangaram 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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The Whitehaven Coal Ltd (ASX: WHC) share price has stepped into the green during afternoon trade on Friday.

Whitehaven shares are currently changing hands at $3.01 apiece, a 2.4% gain on the day.

Let’s investigate further.

What’s behind the Whitehaven share price today?

One factor that could be weighing in on the Whitehaven share price is the price of coking coal surging to 5 year highs yesterday.

Coking coal is a compound that is used in steel and is actually a crucial ingredient in steel’s flavour profile.

Despite a run of recent measures imposed by Chinese authorities to curb steel production, prices of several other commodities have increased, including coking coal and even iron ore.

One other factor causing the near-term spike is the forced closure of the Wangjialing underground coking coal mine for 6 months after a worker was killed there on 2 September.

The output will undoubtedly put a dent in Chinese output of coking coal, as more than 60% of domestic production comes from the Shanxi province, where the mine is located.

In addition to this, a series of other unfortunate events have plagued supply and manufacturing chains around the globe, sparked by pandemic-induced lockdowns.

As a result, the price of coking coal was fetching more than US$300/tonne from yesterday, the first time it had reached that level in 5 years.

Whitehaven has exposure to coking coal, also known as metallurgical coal, as it is a major Australian exporter of the product.

Given it is also an ASX resource share that produces commodities, it is also considered a price taker, which means its share price is sensitive to fluctuations in the broader commodity markets.

Given this rapid surge in the market price of coking coal, it starts to make sense why the Whitehaven share price is in the green today.

Whitehaven share price snapshot

The Whitehaven share price has climbed 83% this year to date, extending the return over the last 12 months to 256%.

These returns have far outpaced the S&P/ASX 200 index (ASX: XJO)’s return of around 25% over the past year.

The post Why the Whitehaven (ASX:WHC) share price is gaining on Friday appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares today
• Whitehaven Coal (ASX:WHC) share price hits 52-week highs. Here’s why
• ASX 200 energy shares in firing line of United Nations’ climate action
• ASX 200 Weekly Wrap: ASX puts earnings season to bed with another rise
• 2 ASX shares you missed that had cracking results

The author Zach Bristow has no positions in 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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A fund manager had admitted 2 ASX shares in his portfolio tumbled terribly last month, but revealed why patient investors could potentially buy in cheaply right now.

Cyan Investment Management portfolio manager Dean Fergie told clients in a memo that both Mighty Craft Ltd (ASX: MCL) and Vita Group Limited (ASX: VTG) had shockers in August.

Vaccinations will lift spirits

Shares for brewing company Mighty Craft lost 15% over the month.

“Mighty Craft has come under reasonable operational and sharemarket pressure due to the extensive lockdowns in VIC and NSW which have severely impacted its venue businesses,” Fergie said.

The Melbourne business is a craft-brewer, a spirits distiller, and owns some venues.

“The company owns brands such as Jetty Road, Ballistic and Mismatch Brewers, Kangaroo Island Gin, 78 Whisky, and over a dozen associated venues in NSW, VIC, and SA.”

Mighty Craft shares have shaved 35% off their value so far this year.

Fergie told The Motley Fool it’s a victim of circumstances and believes fortunes are about to swing around for this ASX share.

“MCL is currently in the eye of the COVID storm with its closed venue businesses but the present tight restrictions are only likely to ease and a strong rebound is likely before Christmas and patrons flood back into venues,” he said.

“The timing of the recent capital raise and purchase of Adelaide Hills group, just before the latest COVID outbreak on June 21, was unfortunate timing.”

One positive the very contagious Delta variant has brought is a sense of urgency for Australians to receive a coronavirus vaccine.

The rising coverage will also help Mighty Craft, according to Fergie.

“As vaccination rates roll forward it would appear likely that a gradual reopening will occur in the coming months which should see a rebound in the company’s operations and its share price.”

Patience is a virtue for this ASX share

Vita Group is best known for owning a network of Telstra shops.

But in February, Telstra Corporation Ltd (ASX: TLS) announced it would shift all its franchised retail outlets in-house.

But that’s now 6 months ago and Vita Group still has not struck a buyout agreement with the telco.

Vita shares lost 10% over August.

“Investors are getting somewhat impatient with Vita,” Fergie told The Motley Fool.

“The market has been expecting a deal to be struck between the two companies to exit the franchise but COVID closures have likely lengthened this process.” 

The company has turned to other ventures, one of which shone during the recent reporting season.

“Vita Group reported great numbers from its growing beauty clinic division (Artisan) which saw revenue and gross profit rise over 40%.”

The other reason for patient investors to hold onto Vita stock is that it’s bringing in a nice income.

“VTG is paying a 9% fully franked yield, so investors are certainly being rewarded for their patience.”

The post 2 ASX shares just had a shocking month but could be bargains now appeared first on The Motley Fool Australia.

More reading

• The Polynovo (ASX:PNV) share price is down 10% in a month to a 52-week low. Here’s why.
• Why the Bank of Queensland (ASX:BOQ) share price has beaten the ASX 200 in the last year
• Why the South32 (ASX:S32) share price is leaping 5% today
• How is the CSL (ASX:CSL) share price performing against its sector in 2021?
• Santos (ASX:STO) share price climbs as Oil Search merger confirmed

Motley Fool contributor Tony Yoo 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 Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Polynovo Ltd (ASX: PNV) share price has struggled over the last few weeks.

Whereas the S&P/ASX 200 index (ASX: XJO) has slipped 2% into the red, Polynovo shares are 10% in the red and have reached a new 52-week low in afternoon trade today.

Here are the details.

What’s up with the Polynovo share price lately?

Polynovo shares have been on the way down since the company released its FY21 earnings last month. This is despite the company posting fairly robust results.

For instance, Polynovo recognised a 32% and 53% year on year increase in revenue and distributor sales, respectively.

In addition to this, the company expects strong results in FY22 in all of its markets, including the US, Europe, UK, Middle East, Asia, Australia and New Zealand.

It expects strong sales growth in its NovoSorb segment as 70% of burns centres have now purchased the product, according to the company.

This comes in addition to a number of clinical trials booked in for FY22 which could weigh in on the Polynovo share price.

Polynovo’s shares made a quick gain in the days following its earnings report, but have been sold off since. After the previous high of $2.23 at the close on 31 August, the Polynovo share price has decreased 11% and is trading at $1.99.

Not to mention, these selling pressures appear to be a continuation of a longer term downtrend on Polynovo’s share price chart, having come off highs of $3.18 on 23 April, and then $2.88 on 25 June.

This would appear to be the more likely explanation for the selloff in Polynovo shares since August, over the company’s fundamentals.

Polynovo share price snapshot

The Polynovo share price has struggled this year to date and has posted a loss of 49%. This extends the loss over the previous 12 months to 7%.

These results have lagged the broad index’s return of around 25% over the past year.

The post The Polynovo (ASX:PNV) share price is down 10% in a month to a 52-week low. Here’s why. appeared first on The Motley Fool Australia.

More reading

• Why Altium, Catapult, Dicker Data, & PolyNovo shares are charging higher
• The Polynovo (ASX:PNV) share price is up 5% on Thursday
• Polynovo (ASX:PNV) share price flat as revenue grows 32% in FY21
• How did the Polynovo (ASX:PNV) share price respond last earnings season?
• These are the 10 most shorted ASX shares

The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended POLYNOVO FPO. 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 Bank of Queensland Limited (ASX: BOQ) share price has gained a massive 58% over the past 12 months.

This time last year, the bank’s shares were trading for $5.90 apiece. Right now, the Bank of Queensland share price is $9.32.

Comparatively, the S&P/ASX 200 Index (ASX: XJO) has gained 25% since this time last year. Additionally, the All Ordinaries Index (ASX: XAO) has increased by 26%.

Not to mention, only 2 other ASX 200 banks’ share prices – those of National Australia Bank Ltd (ASX: NAB) and Virgin Money UK CDI (ASX: VUK) – have outperformed the Bank of Queensland’s over the last 12 months.   

So, what’s been causing Bank of Queensland to outperform the broader market? Let’s take a look.

What’s caused the Bank of Queensland share price gains?

The Bank of Queensland’s shares have been surging over the last 12 months. And there’s been plenty of news to push them along.

The first big move from the Bank of Queensland stock came in October when the bank released its full-year results.

As The Motley Fool Australia reported at the time, while the bank’s FY21 results were down on those of FY20, it performed better than the market had expected.

Thus, the Bank of Queensland share price was boosted 5% on the back of its full-year earnings.

Then, the Bank of Queensland released the news that would keep the market’s interest for much of 2021. It announced it was to acquire Money Equity (ME) Bank for around $1.3 billion.

The bank completed a capital raise to get the funds for the purchase.

On returning from the trading halt during which it announced the acquisition, the Bank of Queensland’s shares gained a massive 12.7% on 23 February.

It had another great day on the ASX when the treasurer approved its acquisition of ME Bank, which was then finalised on 1 July.

Since then, the Bank of Queensland share price has gained around 4%.

The post Why the Bank of Queensland (ASX:BOQ) share price has beaten the ASX 200 in the last year appeared first on The Motley Fool Australia.

More reading

• The Bank of Queensland (ASX:BOQ) share price is up 5% in 2 weeks
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• The Bank of Queensland (ASX:BOQ) share price is now trading on a forecast 4.4% fully franked dividend yield
• The Bank of Queensland (ASX:BOQ) share price is rated as a strong buy by brokers
• Bank of Queensland (ASX:BOQ) share price struggles as Court finds contracts ‘unfair’

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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