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The Temple & Webster Group Ltd (ASX: TPW) share price is seemingly recovering from a poor week’s performance today.

Before today’s gains, it had slipped 8.5% since this time last week.

Right now, the Temple & Webster share price is 3.23% higher than its previous close. Shares in the online retailer are currently trading for $13.12 a piece.

So, what’s spurring today’s gains? Let’s take a look at what Temple & Webster has been up to lately.

Temple & Webster’s woes

The Temple & Webster share price is in the green today after a disastrous week’s trade for the online furniture and homewares retailer.

Interestingly, the company’s fall followed a period of grace in which it gained 13.4% on the back of its financial year 2021 earnings.

Temple & Webster reported $14 million of profits after tax and an 85% increase in its revenue compared to that of the prior period. It also provided an exceptionally positive outlook, which no doubt boosted the market’s spirits.

The market reacted positively to the company’s results, boosting its share price 10.5% higher on the day of their release and another 2.5% the following day.

However, in a seemingly dramatic correction, the Temple & Webster share price returned all its between then and yesterday’s close despite no news being released by the company.

Though, Australian Securities and Investments Commission (ASIC) data revealed around 5.8% of the company’s shares were reported as in short positions last week.

Luckily, today seems to be a brighter one for Temple & Webster on the ASX.

Temple & Webster share price snapshot

Despite their recent dip, Temple & Webster’s shares have been performing well on the ASX lately.

It is currently 11% higher than it was at the start of 2021. It has also gained 40% since this time last year.

At its current share price, the company has a market capitalisation of around $1.5 billion

The post The Temple & Webster (ASX:TPW) share price is having a bad week but is up 3% today appeared first on The Motley Fool Australia.

More reading

• 2 leading e-commerce ASX shares that could be buys in September 2021
• 3 excellent ASX growth shares for September
• ASX 200 rises, Altium sinks, Fortescue climbs
• Which ASX companies are starting off the week as the top movers in the ASX 300 today?
• Why Adore Beauty, Fortescue, InvoCare, & Temple & Webster are charging higher

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. owns shares of and has recommended Temple & Webster Group Ltd. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Afterpay Ltd (ASX: APT) share price has slipped to a 1-month low on Thursday, down 2.73% to $127.04.

This comes after rival PayPal Holdings (NASDAQ: PYPL) announced the acquisition of a Japanese company.

Buy now, pay later M&A continues to intensify

PayPal has once again headlined the buy now, pay later (BNPL) industry following its US$2.7 billion Japan acquisition.

According to CNBC, PayPal said it would acquire Japanese BNPL firm Paidy. The transaction is expected to close in the fourth quarter of 2021, paid mostly in cash.

“The acquisition will expand PayPal’s capabilities, distribution, and relevance in the domestic payments market in Japan, the third-largest e-commerce market in the world, complementing the company’s existing cross-border e-commerce business in the country,” said PayPal.

What else is dragging the Afterpay share price?

Square slides on Wednesday night

The Afterpay share price has largely tracked the performance of Square Inc (NASDAQ: SQ) following the takeover offer on 2 August.

Under the terms of the takeover, Square plans to acquire Afterpay for approximately US$29 billion worth of stock.

Afterpay shareholders will receive a fixed exchange ratio of 0.375 shares in Square Class A common stock for each Afterpay share they hold on the record date.

On Wednesday night, the Square share price tumbled 4.18% to US$254.72. At the fixed exchange ratio, this equates to US$95.52 (A$129.88).

Broader market weakness

The Afterpay share price might also be pressured by the broad-based selling taking place across the market on Thursday.

The S&P/ASX 200 Index (ASX: XJO) has tumbled 1% to 7,436, headlined by losses across resources, information technology, industrials, and communication services.

To add further insult to injury, the S&P/ASX Information Technology (INDEXASX: XIJ) index is one of the worst-performing sectors today, down 1.54%.

Major ASX-listed BNPL shares Zip Co Ltd (ASX: Z1P) and Sezzle Inc (ASX: SZL) are both in negative territory, down 0.29% and 0.76% respectively.

Afterpay share price snapshot

The Afterpay share price has had a relatively flat year-to-date performance, up around 7%. It has also gained more than 70% over the past 12 months.

The post Afterpay (ASX:APT) share price slumps after PayPal’s latest acquisition appeared first on The Motley Fool Australia.

More reading

• Here are the 3 hottest ASX shares to buy right now: expert
• What comes after Afterpay?
• How have ASX technology shares performed during the August 2021 earnings season?
• Here’s why Afterpay (ASX:APT) is making news again
• How have ASX BNPL shares performed during the August 2021 earnings season?

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. owns shares of and has recommended AFTERPAY T FPO, PayPal Holdings, and Square. 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 owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia has recommended PayPal Holdings. 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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In morning trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. At the time of writing, the benchmark index is down 1% to 7,435.8 points.

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

Novonix Ltd (ASX: NVX)

The Novonix share price has continued its meteoric rise and is up a further 7.5% to $5.83. Investors have been scrambling to buy the battery materials company’s shares this week after it was added to the ASX 300 index at the next quarterly rebalance on 20 September. In addition to this, Novonix continues to benefit from bullish investor sentiment in the battery materials sector.

ResMed CDI (ASX: RMD)

The ResMed share price is up 3% to $40.78. This is despite there being no news out of the sleep treatment focused medical device company. However, the company’s shares have just been added to the illustrious ASX 50 index at the next rebalance. This could mean that ASX 50 index tracking funds and some fund mangers with particular investment mandates have been buying its shares.

Senex Energy Ltd (ASX: SXY)

The Senex share price has risen 3% to $3.31. This morning the energy company announced a gas sales agreement with Australian resources company New Century Resources Limited (ASX: NCZ). According to the release, Senex will be selling New Century 7 petajoules of natural gas over three years.

Weebit Nano Ltd (ASX: WBT)

The Weebit Nano share price is surging 39% higher to $3.92. This morning the memory technology company confirmed that it has entered into its first commercial deal. According to the release, the deal is with a subsidiary of Nasdaq-listed semiconductor foundry SkyWater Technology. It is a US Department of Defense accredited pure play technology foundry, specialising in advanced innovation engineering services and volume manufacturing.

The post Why Novonix, ResMed, Senex, & Weebit Nano shares are charging higher appeared first on The Motley Fool Australia.

More reading

• Why the Weebit Nano (ASX:WBT) share price is rocketing 59% on Thursday
• 2 highly rated ASX growth shares to buy
• Which ASX shares are making a move on the ASX 300?
• Why Aeris Resources, Macquarie, Novonix, & Qube shares are pushing higher
• Here’s why the ResMed (ASX:RMD) share price is in the green today

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 ResMed. The Motley Fool Australia has recommended ResMed Inc. 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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International shares, until not so long ago, were largely left to international investors.

Aussie investors tended to stick almost exclusively with the ASX listed stocks. But that picture has changed drastically.

These days its easier than ever to find up to date information on international shares. And the fees for investing in overseas companies have come way down, even over the past few years.

A look at the top-10 list of most popular traded shares in August among Saxo Capital Markets’ Australian clients reveals that 4 of them are, in fact, international shares.

Four top international traded shares

We start off with Tesla Inc (NASDAQ: TSLA), the seventh most popular traded share overall among Saxo’s clients in August.

Saxo says that Aussie retail investors are drawn by Tesla’s founder Elon Musk as he pushes ahead with innovative next generation vehicles. And Tesla’s potential to expand into the massive Indian market has increased local interest in the company.

According to Saxo, “India is considered one of the world’s fastest emerging car markets and if Tesla can partner with auto parts suppliers within the country, it could make huge inroads.”

The Tesla share price is up 106% over the past 12 months.

Moving on, the fifth most popular overall share and third most popular traded international share for August was Alibaba Group Holding Ltd (NYSE: BABA).

The Chinese e-commerce giant (listed on US and Hong Kong exchanges) has struggled as it’s come under scrutiny from Chinese regulators over intellectual property violations. Alibaba’s share price is down 38% over the past year and down 13% over the past month.

Given the share price falls, Saxo notes:

The retail giant’s price-to-earnings ratio stands currently at 19.25, which is some way short of its 2020 high of 42.85. All these signs would suggest that the Alibaba stock is undervalued and has the potential to rebound, but the uncertain August has seen question marks linger over the corporation’s ability to withstand regulatory reforms.

Which brings us to the fourth most popular overall and second most popular international traded stock, Apple Inc (NASDAQ: AAPL).

Aussie investors are drawn to Apple in part because it’s a globally recognised household name. It’s also been charging higher, with shares up 32% over the past 12 months. And that’s based on solid fundamentals.

As Saxo notes, “Its last quarterly earnings once again surpassed expectations, registering US$81.41 billion in revenue and an impressive profit of $1.30 per share.”

Saxo also offered these words of caution:

In the weeks and months ahead, retail traders should keep a close eye on Apple’s legal headwinds. The operator’s App Store has come under legal scrutiny for failing to provide a “free and fair marketplace” for its app developers, according to Tennessee Senator Blackburn.

And finally, the second most popular overall and most popular traded international share among Saxo’s clients in August was…drum roll please…Amazon.com, Inc. (NASDAQ: AMZN).

If you never bought anything from the e-commerce giant before the pandemic lockdowns, there’s a fair chance you have by now.

A global operator, Amazon has been making rapid inroads Down Under. And that growth looks set to continue.

Saxo notes, “Amazon’s Australian trading arm has been tipped to experience exponential growth in 2021… Its latest AU$500 million centre in Sydney will deliver the latest in robotics and automation, cementing a state-of-the-art logistics hub in the Emerald City.”

The Amazon share price has gained 8% over the last 12 months.

Foolish takeaway

There are loads of great companies trading on the ASX. And it makes sense for most Aussie investors to hold ASX shares in their portfolios.

But that doesn’t mean international shares should be ignored. Investing outside the ASX can help diversify portfolios and offer access to companies you just won’t find listed in Australia.

While there are added risks to consider, like currency fluctuations, it’s worth taking some time to look into the potential opportunities of leading international shares.

The post Leading broker unmasks 4 top traded international shares appeared first on The Motley Fool Australia.

More reading

• Leading broker reveals why these 10 big-name shares have been firing up its clients
• Apple’s making a big change to the App Store; Here’s what investors need to know
• Two exciting international shares to consider as superfunds hit record global investments
• ASX investors were buying Alibaba, Pfizer shares last week
• Better buy: Amazon or every Nasdaq stock?

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Alibaba Group Holding Ltd., Amazon, Apple, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2022 $1,920 calls on Amazon, long March 2023 $120 calls on Apple, short January 2022 $1,940 calls on Amazon, and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Amazon and Apple. 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 Hazer Group Ltd (ASX: HZR) share price isn’t going anywhere on Thursday. This comes after the hydrogen producer requested a trading halt before the market opened.

As such, Hazer shares remain frozen at $1.075 apiece. It’s worth noting that the Hazer share price has gained more than 32% over the past month.

Why is Hazer in a trading halt?

Hazer was placed in a trading halt this morning pending an announcement regarding a proposed capital raising.

While no details have been given, the company might be seeking to shore up its balance sheet for the Hazer Commercial Demonstration Project (CDP).

The plant is being constructed at Water Corporation’s Woodman Point Water Recovery Facility in Western Australia.

Recently, there have been delays with the fabrication and supply of high temperature materials due to COVID-19 related restrictions. The restrictions have impacted Chinese mill operations and pushed back shipping deliveries to Australia.

Hazer estimates the commissioning of the CDP to be achieved within the first quarter of 2022, as opposed to the original target date of December 2021.

The company advised it will aim to minimise any extra costs incurred through the delay or increased shipping and freight expenses.

Hazer CEO, Geoff Ward commented, “We will continue to monitor these issues and do all we can to mitigate the impacts on the project.”.

The current guidance for the cost of building the CDP is between $21 million and $22 million.

The Hazer share price will remain frozen in the trading halt until 13 September or when the company releases its announcement.

Hazer share price snapshot

It has been an interesting year for Hazer shares, shooting higher at the beginning of 2021 before moving in circles. Nonetheless, the Hazer share price is up 175% over the past 12 months. In comparison, the All Ordinaries Index (ASX: XAO) has advanced 28% in the same period.

Hazer has a market capitalisation of roughly $156.2 million, with about 145 million shares on its books.

The post Why is the Hazer (ASX:HZR) share price frozen? appeared first on The Motley Fool Australia.

More reading

• Hazer Group (ASX:HZR) share price sinks 6% as after-tax loss widens in FY21
• Why the Hazer (ASX:HZR) share price is up 12% this week

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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NAOS Small Cap Opportunities Company Ltd (ASX: NSC) is a listed investment company (LIC) that targets small cap ASX shares with market capitalisations between $100 million and $1 billion.

It runs a portfolio of high-conviction names. In the latest monthly update, the LIC only had seven positions in its portfolio which it views as long-term holdings.

The LIC is fresh from generating a portfolio performance of a 58.4% return over FY21 and it is still confident about these three ASX shares which just reported during reporting season:

BSA Limited (ASX: BSA)

BSA is a technical services contracting company.

The fund manager said that BSA produced a result consistent with what it has seen for a number years. It was a “credible” underlying result, particularly in the current conditions, but there were a number of one-off costs.

Naos noted that there was commentary about laying the foundations for the future. Underlying margins at the small cap ASX share also increased in FY21, so the fund manager believes that commentary is correct.

Naos was disappointed by the lack of substantial comments about capital management and a lack of tangible progress regarding acquisitions. The fund manager believes that BSA has a sound foundation to build on which “could lead to significant compounding returns for shareholders over time”. It is hoped by the fund manager that the potential will start to be realised in FY22.

COG Financial Services Ltd (ASX: COG)

COG, a financial services provider, revealed a result that showed underlying net profit (NPATA) rose by over 132%. Naos noted that the result had increased transparency compared to previous years along with “excellent” cash generation. The fund manager attributed the cashflow generation to COG’s capital light, distribution-focused business model.

Naos pointed out that the result allowed the small cap ASX share to grow its dividend by 295%. The dividend payout ratio was 62%.

The fund manager was also pleased that more transparency was also provided about its insurance broking strategy which is now starting to be implemented. The company has stated its ambitions to grow this to 50% of the earnings of the finance broking and aggregation division. Naos said if that can achieved, then the fund manager believes the insurance broking business could potentially contribute $15 million of earnings before interest, tax, depreciation and amortisation (EBITDA) in five years’ time.

Eureka Group Holdings Ltd (ASX: EGH)

Eureka was a provider of affordable rental accommodation for independent seniors within a community environment.

Naos said that that Eureka’s result confirmed the momentum that the business has building over the last two years. Underlying EBITDA was up around 22% and all key metrics like occupancy levels remain robust.

There was a slight negative that Naos pointed to from the small cap ASX share – there wasn’t greater detail revealed on its capital management strategy that would enable the business to scale significantly in the future.

The fund manager thinks that Eureka can become a much larger business but it may not need to own 100% of all of its assets on its own balance sheet. Naos points out there Greg Paramor is on the board, who has a lot of experience at Folkestone and more recently Charter Hall Group (ASX: CHC), he could help the business launch a funds management model which is a strategy Naos believes could be very beneficial for Eureka shareholders over the longer-term.

The post 3 top small cap ASX shares this fund manager likes appeared first on The Motley Fool Australia.

More reading

• This ASX tech share fell 87%, but we love it now
• This 100-year-old company is the ASX share that keeps giving

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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 Weebit Nano Ltd (ASX: WBT) share price has returned from its trading halt and is rocketing higher.

In morning trade, the semiconductor memory technology company’s shares are up 59% to a record high of $4.50.

This gain means the Weebit Nano share price is now up over 400% since this time last year.

Why is the Weebit Nano share price rocketing higher today?

The Weebit Nano share price has taken off today after the company confirmed that it has entered into its first commercial deal.

According to the release, the deal is with a subsidiary of Nasdaq-listed semiconductor foundry SkyWater Technology Inc. (NASDAQ: SKYT).

SkyWater is a US Department of Defense accredited pure play technology foundry. It specialises in advanced innovation engineering services and volume manufacturing of a wide variety of differentiated integrated circuits (ICs).

It also supports customers developing and manufacturing ICs in various markets. These include aerospace and defense, automotive, computing and cloud, consumer, industrial, and medical.

Management believes this first commercial deal is a critical milestone for Weebit Nano, providing commercial validation of its ReRAM technology and commencing the growth trajectory for its technology onto customers’ chips.

The release notes that SkyWater will be dedicating a significant amount of time and resources to support the commercialisation of Weebit’s technology.

Furthermore, SkyWater will take Weebit’s ReRAM technology to volume production via a license to manufacture customer designs containing Weebit’s technology. This is once the technology has been qualified in SkyWater’s production fab. The two companies will also cooperate on marketing and sales activities.

On the path to revenue generation

Also potentially giving the Weebit Nano share price a boost was management’s comments on what this means for its future revenues.

Weebit Nano’s CEO, Coby Hanoch, commented: “Weebit’s first commercial deal is a major milestone for our Company, providing validation of our innovative technology. It enables us to bring Weebit’s cutting-edge ReRAM technology to volume production by offering it to SkyWater’s extensive customer base, in addition to customers Weebit will sign up and bring to SkyWater, putting us firmly on the path of initial and ongoing revenues.”

However, it has warned that at this stage it is unclear whether these revenues will be material.

The company advised that the economic materiality of this agreement is not known due to the contingent nature of the license fees and royalties. This is because they depend on the number of customers who sign up to use Weebit’s technology and on the number of chips those customers produce using the technology.

Nevertheless, that clearly hasn’t put a dampener on the Weebit Nano share price today.

The post Why the Weebit Nano (ASX:WBT) share price is rocketing 59% on Thursday appeared first on The Motley Fool Australia.

More reading

• Why is the Weebit Nano (ASX:WBT) share price frozen?
• Why the Weebit Nano (ASX:WBT) share price has bounced 9% today
• Weebit Nano (ASX:WBT) share price falls as losses accelerate 180%

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 Sydney Airport Holdings Pty Ltd (ASX: SYD) share price has been the talk of the town this week amid preparations to open Australia’s international borders.

The federal government is reportedly working on a ‘vaccine passport’ system to prove the vaccination status of Australians travelling internationally.

While the news isn’t directly related to the Sydney Airport, its shareholders are likely excited by the step towards the resumption of international travel.  

Right now, the Sydney Airport share price is $7.95, 0.44% lower than its previous close.

Let’s take a closer look at what’s got some market watchers talking about Sydney Airport.

Sydney Airport in the spotlight amid vaccine passport news

The Sydney Airport share price might soon see an upswing as Australia begins implementing strategies to keep travellers safe once its international borders open.

According to reporting by the Guardian, trade minister Dan Tehan told journalists Australia will have a system to recognise a person’s vaccination status up and running within weeks.

The system is expected to be put into use when 80% of Australians over the age of 16 are fully vaccinated against COVID-19.

The Sydney Airport share price has been taking off lately. Its gains were potentially spurred by news Qantas Airways Limited (ASX:QAN) is planning to restart international flights in December.

In 2019, approximately 16.8 million international travellers passed through Sydney Airport.

Tehan reportedly said the government is developing a QR code system with the International Civil Aviation Organisation. The system would see Australians’ vaccination status recognised internationally.

Qantas is also helping to create an internationally recognised ‘health pass’. The health pass is being developed by the International Air Transport Association. It is expected to align a traveller’s vaccination status and recent COVID-19 test results to individual nations’ entry requirements.

Sydney Airport share price snapshot

Right now, Sydney Airport’s shares are 24% higher than they were at the start of 2021. They’ve also gained 45% since this time last year.

The post Why is the Sydney Airport (ASX:SYD) share price in focus this week? appeared first on The Motley Fool Australia.

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• Why some investors may be hoping the Sydney Airport (ASX:SYD) share price falls
• When was the worst ever day on the Sydney Airport (ASX:SYD) share price chart?
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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 battery and electrification sector’s recent boom has seen many ASX battery mineral explorers surging into the spotlight.

Those ASX-listed companies producing battery metals such as copper, cobalt, nickel, graphite, rare earths, and lithium are increasingly hitting the headlines, as are the prices of said metals.

They’ve seemingly been driven by increasing global demand for electric vehicles and battery power.

The share prices of battery metal producers Vulcan Energy and Resources Ltd (ASX: VUL) and Ecograf Ltd (ASX: EGR) have each soared more than 1,000% in the last 12 months.

And now, there’s what looks to be a glut of battery metal Initial Public Offerings (IPOs) ready to hit the ASX in the coming weeks.

10 upcoming battery and electrification debuts

Li-S Energy Limited

Li-S Energy is a developer of lithium-sulphur batteries using boron nitride nano-tubes. According to the company, its technology’s energy density is superior to that of traditional lithium-ion batteries.

Li-S Energy’s debut has been highly anticipated for some time now, and there’s still no set date on which it will hit the market.

The company’s a PPK Group Limited (ASX: PPK) spin-off.

Dalaroo Metals Ltd

Dalaroo Metals has 2 projects in Western Australia. They’re prospective for nickel, copper, platinum group elements, zinc, and silver.

Keep a lookout for the company’s IPO on 15 September.

Copper Search Limited

Copper Search is a copper and gold exploration company with a focus on South Australia’s Gawler Craton. The company believes now is the time to tap into the ASX copper sector as the move towards battery power electrification heats up.

Copper Search’s IPO is also booked for 15 September.

Recharge Metals Limited

Recharge is focusing on copper exploration in Western Australia, where it owns 3 projects.

However, its projects also house gold, nickel, cobalt, and zinc.

Recharge’s expected date to list is 21 September.

Widgie Nickel Limited

Widgie is working on producing nickel and new economy metals. Its Mt Edwards project is highly prospective for nickel.

Widgie’s expected debut is on 22 September.

Revolver Resources Holdings Ltd

The ASX will soon see this developer of metals for the global movement towards battery power and electrification hitting the market.

Right now, Revolver’s working on copper exploration in Queensland.

Revolver’s planned IPO is set for 23 September.

Forrestania Resources Limited

Forrestania is exploring gold and lithium. It currently has the option to acquire several packages covering 700 square kilometres.

The company’s expected to debut on the ASX on 23 September.

C29 Metals

C29’s focus is on copper exploration. It holds 4 projects located around Australia.

The company’s set to debut on the ASX on 1 October.

NickelSearch Limited

NickelSearch is – you guessed it – a nickel exploration company. It plans to leverage its production to the green energy materials supply chain, thus, benefiting from the turn to electrification.

The company’s expected to hit the market on 6 October.

Minerals 260 Limited

Minerals 260 has spun-out of Liontown Resources Limited (ASX: LTR). It holds the Moora Gold-Nickel-Copper-PGE Project and has the option to earn a 51% interest in the Koojan Gold-Nickel-Copper-PGE Project.

The company will debut on 11 October.

The post 10 upcoming ASX floats in the battery and electrification sector 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 Rubicon Water Ltd (ASX: RWL) share price has been in hot demand this past week.

Since debuting on the exchange last week, shares in the water technology company have almost doubled.

Let’s take a closer look at why investors have been pushing the Rubicon Water share price higher.

Rubicon Water share price makes big splash

Shares in Rubicon debuted on the exchange last week after issuing 42.8 million shares for $1.00 in its initial public offering (IPO).

On its first day of trading, the Rubicon Water share price closed 63% higher for the day at $1.63.

Leading broker Bell Potter was the sole lead manager for Rubicon’s IPO.

According to the Australian Financial Review‘s Street Talk column, three ethical funds got the lion’s share of the company’s IPO. As a result, many retail investors were left scrambling for the remainders.

Yesterday, Rubicon Water shares were swapping hands for $2.05, more than double their initial price.

At the time of writing, shares in the water technology company are trading at around $1.94, down 1.02% for the day.

More on Rubicon Water

Established in 1995, Rubicon specialises in water-saving irrigation automation technology.

The company’s technology provides a range of solutions that help users modernise their irrigation distribution channels and networks.

Rubicon’s technology automates the measurement and control of water flow via solar-powered aluminium gates and soil sensors.

As a result, the company’s system reduces spillage by accurately measuring and accounting for water. Prior to this, irrigation control points had to be turned on or off manually.

The technologies provided by Rubicon are used by various institutions such as governments, irrigation water authorities, and farmers.

According to its prospectus, Rubicon’s technology is implemented in more than 1 million hectares of irrigated land.

The company also notes a pipeline of products and patents across 21 jurisdictions.

What’s next for Rubicon Water?

For 2021, Rubicon has forecasted $80.4 million in revenue for 2021, and $7.5 million net profit, on a pro forma basis.

The company generates more than 85% of its revenue through hardware sales. Rubicon boasts a growing software arm and also generates revenue from maintenance of its products.  

Rubicon’s management cited that the company was pursuing a listing in order to access greater capital to assist its growth strategy.

Capital raised through the IPO will go toward establishing itself in more offshore markets, as well as research and development of new hardware and software products.

The post The Rubicon Water (ASX:RWL) share price has doubled since last week’s IPO appeared first on The Motley Fool Australia.

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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 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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