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Positive earnings can often be the catalyst for the next leg up for ASX 200 shares.

With August earnings season done and dusted, these ASX 200 shares delivered pleasing results which helped push valuations into record territory.

ASX 200 shares reaching fresh all-time highs in August

Domino’s Pizza Enterprises Ltd. (ASX: DMP)

The Domino’s share price marked a series of all-time highs in August thanks to a strong FY21 results announcement.

Shares in the pizza business finished the month of August at an all-time high of $156.74.

Domino’s continued to find momentum in FY21 despite the pandemic continuing to affect operations across 9 of its markets.

The company announced that global food sales across its network increased 14.6% to $3.74 billion. And net profit after tax (NPAT) rose 29.2% to $188.2 million.

During FY21, the company increased its store count by 10.7%, or 285 new store openings, surpassing its 3-5 year outlook of 7-9% new stores.

Encouragingly, Domino’s increased its outlook for new store openings for the next 3-5 years to 9-12%.

Domino’s shares are sliding on the first day of September, down 2.95% to $152.11.

Lovisa Holdings Ltd (ASX: LOV)

The Lovisa share price jumped 17.6% to $19.30 on 25 August after the company released its FY21 results.

The company’s shares rallied the next day, opening at another record high of $20.

The jewellery retailer delivered a well-rounded financial performance, despite its business being “heavily impacted” in the first quarter of FY21 due to COVID-19 restrictions.

Revenue increased 18.9% to $288 million, which drove a 43.3% jump in NPAT to $27.7 million.

At the time of writing, Lovisa shares are down 1.52% to $19.44.

HUB24 Ltd (ASX: HUB)

The HUB24 share price was another ASX 200 share that surged after the company released its FY21 results.

HUB24 shares rallied 7.4% to $27.90 the day of the announcement before adding another 13.3% to an all-time high of $31.60 by 27 August.

The investment and superannuation platform delivered a 47% jump in underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) to $36.2 million. NPAT rose 18.7% to $9.76 million.

The strong financial performance was underpinned by a significant uplift in funds under administration, surging 237% to $58.6 billion.

Looking ahead, management said, “we believe the market conditions continue to be highly favourable for HUB24 as the wealth management industry continues to transform.”

The company forecasts platform funds under management to be within the range of $63 billion to $73 billion by the end of FY22, representing an increase of between 7.5% to 24.5%.

At the time of writing, HUB24 shares are trading 3.59% lower at $29.

The post 3 ASX 200 shares hit new all-time highs this earnings season appeared first on The Motley Fool Australia.

More reading

• 3 tempting ASX shares that rocketed after their results
• Why Altium, BlueBet, Healius, & HUB24 shares are tumbling lower
• HUB24 (ASX:HUB) share price falls 8% after $8.1m share sale by chairman
• Why the Domino’s (ASX:DMP) share price is up 27% in August
• Why Bigtincan, Lovisa, SILK, & WiseTech shares are charging higher

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 Hub24 Ltd. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and Hub24 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 Transurban Group (ASX: TCL) share price is up by about 6% over the last 3 weeks. It is up 0.21% today but that comes against a backdrop of a falling market. The S&P/ASX 200 Index (ASX: XJO) is down 0.53% as of writing.

While the toll-road operator hasn’t had any price-sensitive announcements in that time, more investors are clearly buying Transurban shares than selling. So, what’s going on?

Let’s take a closer look.

Why Transurban is trucking along

Just before this period of sustained growth, the Transurban share price fell heavily on the release of its full-year results.

The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell 3.3%, its revenue was down 0.3%, and free cash decreased 13.5%.

The group’s average daily traffic dropped 0.4% over the financial year – including a 24.5% fall in Melbourne and 13.3% fall in North America. Sydney’s toll usage increased but this was due to the opening of two new toll roads in the city. Transurban says COVID lockdowns were the primary driver of falling traffic numbers.

As Motley Fool’s own Scott Phillips says, share pricing is more about expectations than anything else. Investors may very well have expected a better result and that’s why the Transurban share price fell.

But then why is it rising now?

Well, one reason may be improved broker ratings. As Motley Fool has previously reported, brokers are looking favourably on Transurban shares and their dividends. Analysts at Ord Minnett have slapped a buy rating and a $15.50 price target on the company.

Another may have to do with lockdowns. Now this may seem counter intuitive, especially considering what lockdowns meant to Transurban finances last year.

More likely, it may be because of the expectation that lockdowns will decrease once more people are vaccinated. Australia, for example, plans to only have lockdowns in “very limited circumstances” once 80% of the population is fully vaccinated.

Investors may be thinking Transurban will get an influx of cash when the Sydney and Melbourne lockdowns end once and for all.

Transurban share price snapshot

Over the past 12 months, the Transurban share price has increased 7.2%. It’s underperformed the ASX 200 by about 19 percentage points.

Transurban has a market capitalisation of $39 billion.

The post The Transurban (ASX:TCL) share price gained 6% in 3 weeks. Here’s why appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Althea Group Holdings Ltd (ASX: AGH) share price is soaring today following news the company will soon be producing cannabis-infused drinks.

A subsidiary of Althea has entered into agreements with Boston Beer Company Inc (NYSE: SAM) to develop beverages.

Right now, the Althea share price is 26 cents, 8.51% higher than its previous close.

Let’s take a closer look at the intriguing news from the medical cannabis producer and supplier.

Is green the new gold?

The Althea share price is gaining following news its subsidiary, Peak Processing Solutions, will be infusing drinks with cannabis.

Peak will work with The Boston Beer Company‘s subsidiary BBCCC to produce the non-alcoholic beverages. It will use cannabis from WeedMD Rx Inc, a subsidiary of Entourage Health Corp. The drinks will then be sold in Canada.

Under the agreement, BBCCC will provide Peak with US$2 million of funding to research and develop the products.

Peak will also receive a minimum of US$285,000 each year. Additionally, it will become the exclusive manufacturer of all cannabis beverages produced or sold in Canada under BBC branding for the duration of the 5-year agreement.

Entourage will supply all cannabis materials Peak needs to make the beverages and will buy the resulting products from Peak.

According to Althea, infused-cannabis beverage sales are growing and Peak has positioned itself as the leading producer in the category. Althea pointed to a recent report by Million Insights which estimated the cannabis beverage market will be worth US$2.8 billion in 2025.

Commentary from management

Althea’s CEO, Josh Fegan, commented on the news driving the company’s share price today, saying:

This project is further validation of Peak’s significant and unique capabilities in the recreational cannabis industry and the latest in a growing list of deals Peak has signed with high quality customers, including seven North American publicly listed companies. AGH is very optimistic about the cannabis-infused beverage category and Peak remains well positioned to capitalise on the recreational cannabis boom in general.

BBCCC’s head of cannabis, Paul Weaver, added:

Peak has built a world class facility in Canada, with the right staff and systems in place to ensure every drink is prepared with the highest care and excellence. WeedMD is one of Canada’s oldest and most respected regulated cannabis cultivators. Their unwavering commitment to quality is exactly what we look for in our partners.

Finally, Entourage’s CEO and chair, George Scorsis, stated:

[O]ur collective industry expertise together with Entourage’s cannabis research and advanced branding strategies will establish our product portfolio with another unique offering. In addition, this provides an opportunity to further explore our collective reach into international markets.

Althea share price snapshot

Despite being in the green today, the Althea share price has been struggling recently.

It has fallen 42% year to date. It is also currently 32% lower than it was this time last year.  

The post Althea (ASX:AGH) share price jumps 9% on cannabis drinks news appeared first on The Motley Fool Australia.

More reading

• Why the Althea (ASX:AGH) share price is sinking 10% today

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 Dicker Data Ltd (ASX: DDR) share price is rebounding today after losing 20% of its value since last Friday. This comes after the IT distributor ended last week on a disappointing note that spooked investors.

At the time of writing, Dicker Data shares are fetching for $13.45, up 5.82%.

What did Dicker Data announce?

According its last market update, Dicker Data revealed its chair and CEO David Dicker sold a portion of his shares.

Approximately 2.74 million Dicker Data shares were offloaded in an on-market trade at a price of $15.40 apiece on Friday. Mr Dicker advised the reason for selling his shares was to fund “personal projects”.

The transaction represented roughly 1.6% of Dicker Data’s share registry and reduced Mr Dicker’s entire holding to around 33.6%.

The news sent the Dicker Data share price plummeting from its all-time high of $16.60 to as low as $12.54 the following day.

However, it appears the worst is over and investors are viewing Dicker Data shares as a bargain.

The company released its FY21 interim results on August 26 highlighting growth across key metrics. The strong performance was underpinned by businesses pushing into the digital space following prolonged lockdowns caused by COVID-19.

Quick take on Dicker Data

Dicker Data is an Australian and New Zealand wholesaler and distributor of computer hardware, software and related products. Vendors include Hewett-Packard, Cisco, Toshiba, Lenovo, Microsoft, ASUS, and other major brands.

The company services approximately 5,000 retailers who, in turn, service multiple clients ranging from small and medium-sized enterprises to large corporate businesses.

Dicker Data share price snapshot

Over the past 12 months, Dicker Data shares have surged almost 80%, with year-to-date gains above 25%. Regardless of the recent drop, the company’s share price has been moving along on an upwards trajectory.

Dicker Data has a has a price-to-earnings (P/E) ratio of 37.41 and commands a market capitalisation of roughly $2.3 billion.

The post Why the Dicker Data (ASX:DDR) share price is powering 6% today appeared first on The Motley Fool Australia.

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• Why the Dicker Data (ASX:DDR) share price is sinking 9% today
• Dicker Data (ASX:DDR) share price hits record high following strong interim results
• Dicker Data (ASX:DDR) share price hits record high following dividend boost
• The Dicker Data (ASX:DDR) share price has a new all-time high

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. owns shares of and has recommended Dicker Data Limited. The Motley Fool Australia owns shares of and has recommended Dicker Data 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 Pan Asia Metals Ltd (ASX: PAM) share price has jumped another 53% on yesterday’s gains following the release of its half-year results.

This puts the gain on Pan Asia Metals shares at 223% over the last week alone.

What happened for Pan Asia in its half year results?

There was nothing to write home about for Pan Asia in terms of earnings, as the loss after tax increased to $US667,168 from $631,600 over the year.

The company’s net assets also decreased to $6.8 million, which is an $8.1 million year on year decline from FY20.

However, investors are likely buying Pan Asia shares on the back of its exploration activities in southern Thailand.

Pan Asia started the period by drilling at the Khao Soon Tungsten project and then “shifted focus” to the Reung Kiet Lithium project.

According to the company, both projects “are significant assets”. For example, the Khao Soon site is a “historical tungsten producer” that has “potentially world-class” tungsten mineralisation, as per the company’s report.

The Reung Kiet site “contains a collection of small to medium scale historical alluvial and eluvial tin mines”.

What else is driving the Pan Asia share price?

In addition to its half-year results, Pan Asia shares also soared 130% on Tuesday after the company announced it had lodged a number of geothermal lithium and hard rock lithium and tin exploration block applications.

The applications were all lodged in southern Thailand, at a site known as the “Kata Thong Lithium Project”.

The Pan Asia Metals share price was actually 25% down on the year just before the announcement, trading around 15-20 cents apiece. At the time of writing, the company’s shares are changing hands for 50.5 cents each.

The post Pan Asia Metals (ASX:PAM) share price soars another 53% following results update appeared first on The Motley Fool Australia.

More reading

• Pan Asia Metals share price soars 130% on lithium project update

The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The AWN Holdings Ltd (ASX: AWN) share price is starting the month in style on Wednesday.

At the time of writing, the investment company’s shares are up 29% to 80 cents.

Why is the AWN share price rocketing higher?

This morning AWN released a market update which included its unaudited results for FY 2021 and plans for the future.

According to the release, the company’s revenue fell 5% to $110.5 million in FY 2021. This was due to COVID-19 lockdowns impacting its Aevitas business unit.

Despite this, the company was able to record a statutory profit after tax of $50.1 million for the year. This compares to a loss of $13.1 million a year earlier. Management advised that this reflects a non-recurring gain on the deconsolidation of the VivoPower business and an improved performance from EdventureCo.

What else was announced?

This morning AWN revealed that it has formally applied to the Australian share market for the removal of its listing. This is pursuant to ASX Listing Rule 17.11 and subject to receipt of shareholder approval.

The release also explains that to provide shareholders with liquidity to dispose of their shares prior to a potential delisting, the Directors intend to activate AWN’s on-market share buy-back scheme.

The buy-back will be conducted within the ‘10/12’ limit, such that 10% of total fully paid ordinary shares on issue can be bought back within a 12 month period without the requirement for shareholder approval.

In addition to this, in order to provide additional liquidity, the Directors revealed that they may also consider establishing a share sale facility to augment the on-market buy-back. Though, the implementation of any share sale facility would be conditional upon ASIC approval.

Why delist?

The Directors have unanimously determined the proposed delisting is in the best interests of all shareholders. One of the reasons for this is that AWN has consistently traded at a material discount to its net asset backing.

As a result, it believes that if AWN’s shares were unlisted, existing investors seeking to exit will ultimately have a greater prospect of realising value closer to net assets.

The post Why the AWN (ASX:AWN) share price is rocketing 29% higher today appeared first on The Motley Fool Australia.

More reading

• Why the Rio Tinto (ASX:RIO) share price is down 17% in a month
• Will the ResMed (ASX:RMD) share price continue its massive bull run?
• BHP (ASX:BHP) share price struggles as nickel battle heats up
• Kuniko (ASX:KNI) share price soars 15% amid new CEO’s unveiling
• ASX 200 midday update: Metcash update, Wesfarmers goes ex-div

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 Kuniko Ltd (ASX: KNI) share price is soaring today amid news the company has appointed a new leader.

The company announced Antony Beckmand, a seasoned mining executive, has been instated as its new CEO this morning.

Right now, the Kuniko share price is $3.13, 15.07% higher than its previous close.

Let’s take a closer look at the mineral exploration company’s new leader.

New CEO

The Kuniko share price is soaring today amid exciting news of the company’s new CEO.

Beckmand has more than 20 years of experience in the mining industry.

Prior to being CEO of Kuniko, a position he officially started today, Beckmand was CEO of Norway’s Sydvaranger iron project. He is also currently an independent director of Nordic Mining ASA and was previously managing director and CEO of formerly-ASX-listed Northern Iron.

Beckmand is based in Norway, as are Kuniko’s battery metals projects.

Commentary from management

Kuniko chair Gavin Rezos commented on the company’s newest appointment:

(Beckmand) is an outstanding mining executive who is enthusiastic about our exceptional portfolio of projects in Norway and fully embraces our next generation ethos of responsible, sustainable mining practices to produce ethically sourced and secure supply battery minerals for an electro-mobile society.

Antony is based in Norway and with non-executive director Birgit Liodden in Oslo, we are well placed to advance our projects in Norway whilst working closely with all stakeholders including government and local communities from an early stage of development.

Kuniko share price snapshot

Today’s gains included, the Kuniko share price has gained a whopping 265% since its initial public offering (IPO) just last week.

As we reported last Tuesday, the company’s shares boosted 500% on the opening of its ASX debut. Under the company’s prospectus, its shares were on offer for just 20 cents apiece.

Investors who got in on the prospectus have seen their investment increase by a massive 1,455%.

At its current share price, the company has a market capitalisation of around $165 million.

The post Kuniko (ASX:KNI) share price soars 15% amid new CEO’s unveiling 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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With a new month now upon us, it’s a good time to cast our collective eyes back at the month that was. August turned out to be a pretty good time for ASX shares.

Taking in the avalanche of earnings reports we saw over the month, it’s a testament to the strength of these reports that the S&P/ASX 200 Index (ASX: XJO) managed a gain of 2.1% for the month. However, one major ASX 200 constituent wasn’t joining the August party. That would be the Rio Tinto Limited (ASX: RIO) share price.

Last month, Rio Tinto shares had one of their worst months since the 2020 market crash. This giant iron ore miner started August at a share price of $133.42, but finished up yesterday at the far lower price of $112.14 a share. For the record, the Rio Tinto share price has given up another 2.6% so far today, and is going for $109.15 at the time of writing.

This steep share price fall translates into a month-to-month loss of 15.95%. What’s more, Rio also hit its current all-time high early in August – $137.33. By the end of the month, Rio had fallen more than 18% from that high watermark.

So why did Rio Tinto have such a month to forget?

Rio impresses with earnings

Well, it’s worth noting that Rio reported its FY21 half-year results just before August began, back on 28 July. As we reported at the time, the mining giant revealed a 71% surge in revenues to US$33.08 billion and a 156% increase in underlying earnings to US$12.2 billion.

This enabled Rio to announce a 143% increase for its interim dividend to US$3.76 per share, fully franked, as well as a special dividend of US$1.85 per share.

Now investors seemed to be initially bullish on these numbers. The Rio share price spent the following week hitting its new all-time high after all. However, it also goes without saying that this sentiment had well and truly worn off by the end of the month.

So what happened to Rio?

What went wrong with the Rio Tinto share price over August?

Well, that monster dividend that was announced had to come out of the Rio share price at some point. And that happened on 12 August when Rio shares went ex-dividend. As a result, we saw a big drop in the Rio share price (roughly 7%) when this occurred.

But that doesn’t explain away Rio’s near-16% drop for August. The other major factor that might have been at play over the month was commodity pricing. Specifically that of iron ore, Rio’s largest earnings base.

Iron ore had an absolute shocker over August. According to Markets Insider, iron ore was asking around US$211 a tonne at the start of August. By the end of the month, this had fallen steeply to approximately US$151 a tonne. That’s a loss of almost 30%. Since iron ore is Rio’s primary cash cow, this dramatic fall in pricing has evidently resulted in the market revaluing Rio shares accordingly.

At the current Rio Tinto share price, this ASX 200 miner has a market capitalisation of $40.7 billion and a dividend yield of 8.23%.

The post Why the Rio Tinto (ASX:RIO) share price is down 17% in a month appeared first on The Motley Fool Australia.

More reading

• ASX 200 midday update: Metcash update, Wesfarmers goes ex-div
• How did the ASX 200 shares perform compared to the FTSE 100 shares in August?
• These were the best performing ASX 200 shares in August
• These were the worst performing ASX 200 shares in August
• Warning: This is when the share market will turn

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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The ResMed Inc (ASX: RMD) share price has had a stellar run this year and is currently nudging record highs.

Since the start of the year, shares in the medical device have soared more than 45%.

In comparison, the broader S&P/ASX200 Index (ASX: XJO) has only managed to gain 13% in 2021.

In the last month, shares in ResMed have continued their massive bull run.

Let’s take a look at why investors have continued to push the ResMed share price higher in the past month.

What’s been driving the ResMed share price higher?

There have been several catalysts that have helped propel the ResMed share price higher in the last 30 days.

The first catalyst can be traced back to early last month when the medical device company released its full-year results for FY21.

ResMed reported an 8% increase in full year to US$3.2 billion and a 13% jump in non-GAAP net income to US$780.6 million.

The company also upped its quarterly dividend by 8% to US42 cents per share.

However, ResMed did flag that profit margins could be under pressure in the future.

The second catalyst that shot the ResMed share price to record highs was the launch of a new key product.

Last month, the medtech giant launched its next-generation positive airway pressure (PAP) device, AirSense 11, in the United States.

ResMed noted that the product’s remote software updates and new tailored features could make it the gold standard for treating sleep apnoea.

Outlook for the ResMed share price

ResMed is a global leader in respiratory medical devices, particularly targeted towards the treatment of sleep apnoea.

In addition, the company also produces invasive and non-invasive ventilators that are used to boost the oxygen intake of patients. 

Shares in ResMed have benefited from the company’s strong revenue and earnings growth.

The medtech giant has managed to maintain growth by providing industry-leading products, software and continued investment in research and development.

A recent note from leading broker Morgans indicates that the ResMed share price could continue its massive bull run.

Analysts expect the positive form to continue over the medium term, initiating a $41.34 price target on ResMed’s shares.

At the time of writing, the ResMed share price is trading slightly lower for the day at $39.75.

The post Will the ResMed (ASX:RMD) share price continue its massive bull run? 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 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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The BHP Group Ltd (ASX: BHP) share price is trading in the red on Wednesday, slipping around 1% from the open.

BHP shares may well be struggling amid fresh news out of Andrew “Twiggy” Forrest’s Wyloo Metals Pty Ltd camp on Wednesday, that it has upped the stakes in its bid to acquire Canadian nickel miner Noront Resources Ltd.

Let’s investigate further.

What is the situation?

Recall that BHP had previously made a C55 cents (A60 cents) per share offer to acquire Noront, located in Canada’s “ring of fire” prospecting area in July. This offer has already gained support from Nordont’s board.

On Monday, Wyloo Metals stepped in and has offered to acquire Noront for C70 cents (A76 cents) per share in an all-cash offering. As such Wyloo’s offer is a 27% premium on top of BHP’s bid.

Wyloo Metals is already a 37.5% stakeholder in Nordont, meaning its upsized offer may have more weight behind it. Wyloo does not intend to support the BHP offer.

Should the transaction tilt in favour of Wyloo, Forrest would become Noront’s chairperson.

BHP has pushed back, stating that it did not need Wyloo’s support. It stated that Forrest’s company has only made a proposal, whereas the “BHP offer is the only offer that has been made to shareholders”, today’s Australian Financial Review reports.

Noront’s share price has jumped to C75 cents (A81 cents) at the time of writing, having gained around 25% on the day of Wyloo’s offer.

The Canadian nickel miner has also weighed in, confirming that BHP is the only offer on the table, whereas Wyloo’s angle is a “non-binding proposal”.

BHP share price snapshot

The BHP share price is down 0.92% at $45.19 at the time of writing.

Shares in the mining giant have climbed around 6% this year to date and gained just over 20% over the past 12 months.

Both of these results have lagged the S&P/ASX 200 index (ASX: XJO)’s gain of around 25% over the past year.

The post BHP (ASX:BHP) share price struggles as nickel battle heats up appeared first on The Motley Fool Australia.

More reading

• 11 straight months of gains for ASX 200. Scott Phillips on Nine’s Late News
• BHP (ASX:BHP) share price history: The major highlights (and low points)
• ASX 200 miners beware as UBS warns iron ore will sink under US$100 in 2022
• The BHP (ASX:BHP) share price is down 14% in a month. Here’s why
• Fortescue (ASX:FMG) share price bounces despite looming iron ore supply outlook

The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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