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ASX shares have been riding a wave of optimism since rebounding from the COVID-19 market crash of 2020. Fortunately, the world is experiencing a global rollout of vaccines, and unemployment rates falling below 5%. This has been met with rising share prices.

However, the recent concerns stemming from the delta strain have brought concerns of another market crash to the front of investors’ minds.

Although volatility has increased in the stock market recently, some experts remain unfazed. Instead, these market participants are finding reasons to buy.

Recent market activity

One of the main worries for investors now is the rebound in coronavirus cases. Locally, New South Wales is enduring a prolonged lockdown with the latest strain proving difficult to manage.

The latest modelling by Melbourne University suggests a further 5.8 weeks of lockdowns will be required to reach a ‘safe level’ of a two-week average of five cases per day.

Economists and investors alike are fearing the impact the delta strain might have on global economic growth. This fear is evident from the 2.1% fall in the Dow Jones Industrial Average overnight, and the 1% drop in the S&P/ASX 200 Index (ASX: XJO) this morning. At the time of writing, however, the index has partially recovered to currently trade 0.41% lower for the day so far.

Experts who don’t see a market crash in the works

While the recent ASX 200 moves are negative, some well-respected analysts do not see it as a market crash in the making. Rather, they believe short-term pain presents buying opportunities.

When both US markets and ASX shares suffered short-term weakness in March, the CEO of Ark Invest, Cathie Wood, suggested the market was broadening out. This broadening of the market meant selling in some tech names to facilitate buying of more ‘value’ orientated companies.

More recently and locally, Burman Invest chief investment officer Julia Lee named 3 ASX shares that she considers buys ahead of earnings.

A couple of the thematics mentioned by Lee included the increased takeover activity and shares benefitting from higher lab testing.

The post Is this the beginning of a market crash for ASX shares? Experts say fear not appeared first on The Motley Fool Australia.

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• Here are the 3 most heavily traded ASX 200 shares this Monday
• 2 defensive ASX 200 shares that brokers rate as ‘buys’ this Monday

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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There is an economic slowdown coming, and there are only certain ASX shares that will serve you right in those conditions.

That’s the opinion of T Rowe Price Group Inc (NASDAQ: TROW) head of Australian equities Randal Jenneke, who said the country has “likely passed the peak” of the post-COVID economic recovery.

“We believe GDP growth and inflation expectations will cool over the year,” he said this week.

“The latest lockdowns in NSW and Victoria are poised to further curb some of the market’s enthusiasm for ongoing strong economic growth.”

Types of ASX shares that are good in slowing economies

According to Jenneke, slowing economic conditions favour what he called “quality” stocks.

“Historically, the highest ranked companies in the category have outperformed the lowest ranked by 1.8% each month on average during decelerating growth periods,” he said.

“Conversely, they have underperformed by -2.2% per month during recovery periods… With the strong rebound in growth during the second half of last year, the bucket experienced its worst return in close to a decade.”

Jenneke also showed the same pattern happening during the global financial crisis, dot-com bust and the 1997 Asian financial crisis.

“While we may not be entering another downturn of such magnitude, we are moving towards an impending slowdown,” he said.

“As we do so, we have already seen quality start to return to favour. It was the best performing factor in June and year-to-date it is now second only to the much-hyped value rally.”

So what is ‘quality’?

Jenneke explained that, to his team, “quality” meant strong return on capital and resilient earnings growth.

He put up 3 examples of quality ASX shares that T Rowe Price recently increased its exposure to — Resmed CDI (ASX: RMD), Goodman Group (ASX: GMG) and CarSales.com Ltd (ASX: CAR).

“Over more than two decades of data for the Australian market, high quality had outperformed low quality by 6.7% per annum,” he said.

“With many of these factors in mind, we believe the school of quality is back in session and is poised to outperform over the coming year.”

Only on Monday, Resmed displayed the resilient qualities Jenneke was espousing.

The healthcare stock shot up more than 2% on a day when the ASX generally was having a shocker. In fact, it is now trading at a 52-week high.

Goodman also held firm, holding its value in a sea of red on Monday. Carsales lost a little on Monday but has added more than 8% in the past month.

The post 3 ASX shares to buy before looming economic slowdown: expert appeared first on The Motley Fool Australia.

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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 recommended ResMed. The Motley Fool Australia has recommended ResMed Inc. and carsales.com 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 Hub24 Ltd (ASX: HUB) share price is falling despite the company releasing a “record” Q4 update for FY21.

At the time of writing, shares in the fintech company are trading for $25.71 – down by 1.19%. The S&P/ASX 200 Index (ASX: XJO) is also lower, by 0.56%.

Let’s take a closer look at the latest update.

What did Hub24 report?

In a statement to the ASX, Hub24 says quarterly inflows hit a record $3.9 billion for the period. The total includes $2.2 billion from its original and namesake platform, $1.4 billion from ClearView Wealth, and $300 million from Xplore Wealth. In the March quarter, net inflow for the Hub24 platform was $1.9 billion.

Average monthly inflows are up 52% on FY20 to around $627 million.

Annual net inflow for the previous financial year was $8.9 billion – an 80% increase on the prior corresponding period. Total funds under administration (FUA) are $58.6 billion – up by $7.2 billion on the March quarter. Xplore alone makes up $41.4 billion of FUA.

The company also advised it has signed 26 new licence agreements in the quarter. Total market share is now 3.9%.

Despite these figures investors are in a selling mood today, judging by the Hub24 share price.

Finally, because of its “significant growth” – as the company states – Hub24 is investing to further grow the business.

“The company will be expanding the executive team, hiring additional distribution team members and investing in technology infrastructure to support scale and ongoing innovation. Further detail will be provided in the FY21 results update in August,” it said in its statement.

Hub24 share price snapshot

Over the past 12 months, the Hub24 share price has increased by 102%.

Since hitting its all-time high of $29.05 in the last month, Hub24 shares have been on a downward trend. On current market price, shares in the company are down 11.5%.

The Hub24 share price, however, was one of the best performers in the last financial year.

Hub24 has a market capitalisation of around $1.75 billion.

The post Hub24 (ASX:HUB) share price drops despite ‘record’ Q4 update appeared first on The Motley Fool Australia.

More reading

• Here are the 5 best ASX fintech shares of the 2021 financial year
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• The Hub24 (ASX:HUB) share price took a hit today
• Meet the best performing ASX 200 shares of FY21. Are yours on the list?
• This ASX share is the perfect inflation fighter, experts say

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 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 Reliance Worldwide Corporation Ltd (ASX: RWC) share price has started this morning’s session in the green.

Reliance confirmed in an announcement this morning that it will acquire the business assets of LCL Pty Ltd.

Let’s take a closer look at what was released this morning.

Quick recap on Reliance

Reliance is in the business of manufacturing and selling plumbing products.

Its key markets are North America, Europe and Australasia, where it has a meaningful footprint.

At the time of writing, Reliance has a market capitalisation of $4.1 billion.

The LCL asset acquisition

LCL is a Melbourne based producer that “processes both new and recycled non-ferrous materials to produce a range of brass copper alloys”.

Reliance announced it would acquire LCL’s business assets for $37 million.

The company states “adjusted average earnings before interest, tax, depreciation and amortisation (EBITDA) for LCL over FY 2019 and FY 2021 is $7.1 million”.

According to Reliance, it accounts for more than 90% of LCL’s revenue.

The transaction will close on 31 August and adjustments for working capital may be embedded into the final sale price.

It is expected that most of LCL’s employees will transition over to Reliance’s books after the sale is finalised.

Reliance Worldwide chief executive Heath Sharp stated:

With this acquisition, RWC will secure a favourable long‐term cost position for its brass rod requirements in Australia. The co‐location of our brass forging operations with LCL’s brass production facility at Moorabbin will enable us to optimise materials handling and manufacturing efficiencies. This acquisition will secure control of a critical piece of our manufacturing supply chain.

Reliance stated it will fund the acquisition using existing debt and credit facilities.

Investors seem to welcome the announcement, as Reliance shares are now trading at $5.25, up almost 1% on yesterday’s closing price.

Reliance share price snapshot

The Reliance share price has posted a year to date return of 29%, extending the previous 12 month’s return of 84%.

Both of these returns have outpaced the S&P/ASX 200 Index (ASX: XJO)’s return of ~21% over the previous year.

Reliance shares are trading around 3.8% below their 52-week high of $5.46.

The post The Reliance Worldwide (ASX:RWC) share price up after asset purchase appeared first on The Motley Fool Australia.

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The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Reliance Worldwide Corporation Limited. The Motley Fool Australia has recommended Reliance Worldwide 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 Santos Ltd (ASX: STO) share price is falling on Tuesday.

In morning trade, the energy producer’s shares are down 3% to $6.63.

Why is the Santos share price sinking?

Investors have been selling down the Santos share price today after a sharp pullback in oil prices overnight.

In addition to this, this morning Santos revealed that fellow energy producer Oil Search Ltd (ASX: OSH) had rejected a merger proposal.

The Oil Search share price is having a better day. It is defying the oil price decline and charging higher on the merger approach news.

Santos-Oil Search merger

According to the release, late last month Santos submitted a confidential, non-binding indicative all-scrip merger proposal to the Oil Search Board.

That proposal would have seen Oil Search shareholders receive 0.589 new Santos shares for each Oil Search share held. After which, Oil Search shareholders would own 37% of the merged company and Santos shareholders would own 63%.

The ownership ratio implied a transaction price of $4.25 per Oil Search share, based on the Santos share price on 24 June 2021. This represented a 12.3% premium to the Oil Search share price on 24 June 2021 of $3.78.

However, although Oil Search acknowledges the strengths of the combined company and the rationale for the merger, it noted that the proposal did not offer appropriate value for Oil Search shareholders. Nor did it offer a basis on which discussions could progress.

Nevertheless, Santos has subsequently sought to engage the Oil Search Board on the transaction rationale and the opportunity for Oil Search shareholders to participate in the value created by the merger.

Why merge?

Santos believes the potential merger of the companies is a logical combination of two industry leaders to create an unrivalled regional champion of size and scale.

It notes that it would have a pro forma market capitalisation of $22 billion, which positions the merged entity in the top 20 ASX-listed companies and the 20 largest global oil and gas companies.

The merged company would have a diversified portfolio of high quality, long-life assets across Australia and Papua New Guinea. It would also have a robust balance sheet with strong liquidity that can self-fund growth options and an investment grade credit rating, a larger portfolio of development assets and opportunities, and strong ESG credentials.

In addition, Santos believes the merger could create value on day one from substantial combination synergies and an expected re-rating in share prices.

It concluded: “The strategic rationale for a merger is clear and offers superior value to Oil Search shareholders rather than continuing on a standalone basis. Santos continues to believe that the Merger Proposal represents an extremely attractive opportunity to deliver compelling value accretion to both Santos and Oil Search shareholders.”

The post Santos (ASX:STO) share price lower after Oil Search rejects merger proposal appeared first on The Motley Fool Australia.

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

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The PointsBet Holdings Ltd (ASX: PBH) share price is climbing today. This comes after the company announced plans to enter the Arizona sports betting market.

At the time of writing, the PointsBet share price is up 2.91% to $11.85.

What did PointsBet announce?

PointsBet has entered into an exclusive agreement with Cliff Castle Casino Hotel to pursue online sports betting market access in Arizona.

Cliff Castle Casino Hotel is a subordinate economic organisation of the Yavapai-Apache Nation, a federally recognised native American tribe.

The legalisation of sports betting in the United States has been managed on a state-by-state basis. Arizona successfully passed its Sports Wagering Act for online sports betting in April this year.

According to the announcement, the exclusive 10-year agreement will see PointsBet and the Yavapai-Apache Nation partnering to apply for a ‘first skin’ licence to operate online sports betting. First skin refers to having the right to use the first online licence a land-based partner is granted in a particular state.

PointsBet will pay the Yavapai-Apache Nation both a market access fee and a portion of its net gaming revenues from online sportsbook operations.

In addition, PointsBet will also front up licencing and regulatory costs for launching and operating its betting services.

The agreement also includes the creation of a PointsBet branded retail sportsbook at the Cliff Castle Casino Hotel.

The PointsBet share price is rising after the announcement. By contrast, the S&P/ASX 200 Index (ASX: XJO) is currently down 0.62% to 7,241.

What did management say?

PointsBet USA CEO Johnny Aitken hailed the milestone, commenting:

Alongside first-class partners in the Cliff Castle team, PointsBet is thrilled to begin the process toward offering the passionate, sports-loving communities of Arizona a fast and differentiated sports betting product across every customer touchpoint.

We look forward to quickly and responsibly introducing sports bettors and fans to the competitive advantages PointsBet possesses in owning our technology end-to-end, such as market-leading ease of use and the deepest slate of betting options available in the world.

PointsBet share price sitting near 7-month lows

At its highest point this year, the PointsBet share price had a year-to-date return of 52% on 16 February. Fast forward to today, its year-to-date return has tumbled into negative territory, down 0.93%.

PointsBet isn’t alone in its underwhelming performance. Its US-listed rival, Draftkings, also struggling to find headway, down 0.45% this year.

The post PointsBet (ASX:PBH) share price up 3% after announcing plans to enter Arizona appeared first on The Motley Fool Australia.

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Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings 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 Costa Group Holdings Ltd (ASX: CGC) share price is pushing higher today following yesterday’s announcement from the company.

At the time of writing, Costa shares are up 0.61% to $3.32. This means that over the last week, the company’s share price has risen by almost 3%.

Let take a closer look at what the horticulture company released to the ASX.

What did Costa announce?

Investors are buying up Costa shares after the company provided investors with a positive update.

According to its release, Costa revealed it has completed the acquisition of 2PH Farms as of 19 July 2021.

Based in Queensland, 2PH Farms is the largest citrus grower in northern Australia. The business has farming operations in central Queensland, covering 1,400 hectares of citrus trees and 240 hectares of table grapes.

The $219 million upfront cash transaction was primarily funded by Costa’s fully underwritten pro-rata accelerated renounceable entitlement offer.

The successful completion of the institutional component saw around $114 million raised in late June. In addition, the retail component – expected to be finalised at the end of this month – will be used to pay the debt drawings.

The combined entitlement offer is $190 million, with Costa previously tapping into its existing debt facilities to fund the deal.

The company will also pay an additional $31 million in July 2023 for the purchase of the ‘Conaghans’ property. 2PH Farms is currently planting a new citrus crop at the site.

Costa group CEO Sean Hallahan commented:

We are pleased to have completed the acquisition of 2PH Farms and welcome the transitioning employees to Costa.

The acquisition increases Costa’s total planted citrus hectares by 60% to 4,513 hectares, citrus farming locations to 11 and major citrus growing regions to three.

Costa has been working closely with 2PH to ensure a successful transition in ownership and the continued harvesting of the CY21 citrus crop, while focusing on greater export supply to key Asian markets and increased citrus category revenue contribution.

Costa share price summary

While Costa shares have plummeted around 17% in 2021, the same cannot be said for the past year. In the last 12 months, the company’s share price has risen by 14% despite releasing its disappointing Annual General Meeting (AGM) update.

Based on today’s price, Costa is valued at around $1.4 billion and has around 439 million shares on issue.

The post Costa (ASX:CGC) share price edges higher on acquisition update appeared first on The Motley Fool Australia.

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

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The Incannex Healthcare Ltd (ASX: IHL) share price won’t be going anywhere today.  

Shares in the emerging pharmaceutical company were placed in a trading halt before markets opened.

Here’s why.

Incannex shares halted on patent update and ethics approval

Having last traded at 27.5 cents, Incannex requested its shares be placed in a trading halt before the market open.

Incannex cited a material patent update and ethics approval for its research studies. The company did not specify which research trial or which patent was in line to receive ethics clearance.  

Incannex noted that its shares will remain in a trading halt until either the commencement of normal trading on 22nd July 2021 or the earlier release of an announcement.

More on Incannex

Incannex is a clinical-stage pharmaceutical development company that develops medicinal cannabis pharmaceutical products and psychedelic medicine therapies.

The company’s therapies are designed for various medical issues, including anxiety disorders, sleep apnoea, lung inflammation and rheumatoid arthritis.

Incannex has a pipeline of patents including IHL-216A which targets traumatic brain injury and IHL-42X for sleep apnoea.

The Incannex share price has had a stellar 2021, with shares in the company up more than 80% since the start of the year. On a 52-week basis, the Incannex share price has risen nearly 300%.

Apart from today’s announcement, the last piece of price-sensitive news from Incannex was late last week.

The company announced that it engaged Procaps to develop and manufacture its IHL-675A soft gel capsules in preparation for clinical trials.

According to Incannex, its IHL-675A formulation is a multi-use drug that has anti-inflammatory properties. The company also informed investors that it has advanced plans for a phase1 clinical trial to assess IHL-675A soft gel capsules.

Incannex noted that subject to clinical success, the results of the phase 1 clinical trial will form part of 3 US Food and Drug Administration (FDA) applications.

The post Here’s why Incannex (ASX:IHL) shares are in a trading halt appeared first on The Motley Fool Australia.

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• Nuix (ASX:NXL) share price plunges 7% in 7 days
• The Domino’s (ASX:DMP) share price is near an all-time high. Here’s why
• Why the JB Hi-Fi (ASX:JBH) share price is on watch today

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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The Ramsay Health Care Limited (ASX: RHC) share price is trading higher on Tuesday.

In morning trade, the private hospital operator’s shares are up slightly to $63.67.

Why is the Ramsay share price on the move?

The Ramsay share price is pushing higher on Tuesday despite the release of a disappointing update on its takeover of Spire Healthcare in the United Kingdom.

Earlier this month, Ramsay revealed that it had increased its offer to acquire Spire to 250 pence per share in cash. This compares to its previous offer of 240 pence per share. This values Spire’s entire issued and to be issued share capital at approximately GBP1,041 million (A$1,900 million) on a fully diluted basis.

Unfortunately, this increase has not been enough to sway Spire’s shareholders.

This morning Ramsay advised that Spire shareholders have gathered to vote on resolutions to approve and implement the scheme of arrangement. However, with the necessary majority of votes required to pass all of the resolutions not achieved, the proposed acquisition will not proceed.

Instead, Ramsay will now focus on strengthening its existing business platform. It intends to do this by utilising its strong balance sheet and cashflows to generate growth through investment in organic and strategic expansion opportunities that optimise its facilities and global footprint.

Given the relatively positive performance of the Ramsay share price today, the market may be happier with this alternative plan.

“Disappointed”

Ramsay’s CEO and Managing Director, Craig McNally, revealed that the company was disappointed with the news.

He said: “Given the strong strategic fit and the support of Spire’s board and major shareholder, we are disappointed not to be in a position to proceed with the Spire acquisition, however we believe its important to maintain our financial discipline and focus on long term value creation for shareholders.”

“We remain committed to delivering best in class healthcare and high-quality patient outcomes in the UK through investing in clinical excellence, working closely with our doctors and clinicians and leveraging our expertise across the Ramsay Group. We see a significant growth opportunity for Ramsay in the UK market where we have a strong, established relationship with the NHS and the ability to increase our private patient presence,” the CEO added.

Nevertheless, Mr McNally remains positive on the future despite this setback.

He concluded: “We stand ready to provide support in tackling the significant increase in elective surgery waiting lists in both the private and public systems and are already seeing growth in the mix of our private insurance volumes. Our strong balance sheet and cashflows position us well to deliver on our long-term strategy. We will continue to look for opportunities to invest and modernise our facilities and footprint in all regions and to leverage the scale of our world class hospital network. We have a significant pipeline of brownfield and greenfield projects in Australia and will continue to investigate adjacencies in all our markets to create an integrated patient centric business platform.”

The Ramsay share price is trading broadly flat in 2021.

The post Ramsay (ASX:RHC) share price rises despite UK acquisition collapse appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Ramsay Health Care 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 Afterpay Ltd (ASX: APT) share price is edging higher today despite the market selloff.

In early trade, the buy now pay later provider’s shares are up 2% to $106.69.

Why is the Afterpay share price pushing higher?

The Afterpay share price is pushing higher today after the release of a positive announcement offset the broad market selloff.

That announcement reveals that Afterpay is beginning the roll out of its new money and lifestyle app Money by Afterpay today.

According to the release, the launch will begin with an Australian staff pilot, followed by a full Australian customer launch in October.

What is Money by Afterpay?

Money by Afterpay is the result of its collaboration with banking giant Westpac Banking Corp (ASX: WBC).

It will provide users with a 1% per annum interest rate on up to 15 different savings accounts. Afterpay notes that the benefit of having so many different savings accounts is to allow customers to open separate accounts for their different savings goals.

The app also offers one daily account with a physical debit card, digital wallet offerings, and the ability to easily make and receive real time payments.

In addition, it is proposed that the daily account will not charge customers fees. Management believes this makes it an ideal primary account for customers to directly deposit their salaries and view their complete financial position in one place.

Further insights and features will be introduced to further help customers make more informed spending and saving decisions ahead of the full launch.

“Frictionless and stress-free”

Afterpay’s Co-CEOs, Anthony Eisen and Nick Molnar, stated: “Afterpay has always stood apart in the way it connects with customers around common core values of simplicity, transparency and trust. Ultimately, with Money by Afterpay, our goal is to make managing your money simple, frictionless and stress-free.”

“Money will broaden our relationship with our loyal customers and also attract a new group that’s looking to streamline how they manage their finances within the debit economy, further cementing our commitment to supporting responsible spending.”

“To bring a money app to life in ten months demonstrates that we can quickly move at pace to get well ahead of customer expectations and bring both cutting-edge features and true ‘surprise and delight’ to the experience,” they concluded.

The post Afterpay (ASX:APT) share price higher after announcing Money by Afterpay app roll out appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro owns shares of Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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