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The Altium Limited (ASX: ALU) share price has come under significant pressure on Monday morning.

In early trade, the electronic design software company’s shares sank as much as 14% to $31.47.

The Altium share price recovered slightly to be down 10.5% to $32.73 before being paused.

Why is the Altium share price sinking?

The Altium share price was sold off this morning amid speculation that the company has rejected another takeover offer from Autodesk. This follows the rejection of a $38.50 per share offer from the US software giant in June.

According to the AFR, on this occasion, Autodesk returned with an improved offer of $40.00 per share with the same conditions from its previous approach. These conditions include the granting of formal due diligence and board recommendation.

However, the increase of 3.9% to $40.00 per share was reportedly deemed insufficient by the Altium board, leading to its rejection.

Judging by the Altium share price reaction today, it appears as though investors believe this marks the end of Autodesk’s interest and no higher offer will be made.

Why did Altium reject the offer?

Altium has yet to confirm the receipt of this offer. However, if it did receive and subsequently reject the offer, it will most likely be for the same reasons as its previous rejection.

At that point, the Altium Board revealed that it believed the proposal significantly undervalued Altium’s prospects.

It commented: “Altium has a unique position in the electronics ecosystem and in the past unsolicited acquisition interest has developed from partnership dialogues with others in the ecosystem. As consistent with past unsolicited acquisition interest, the Altium Board will engage with interested parties in the context of an appropriate valuation of Altium and it will continue to review all potential strategic alternatives for the Company.”

“Altium’s strong track record of setting ambitious long-term goals and achieving them, gives the Altium Board confidence in the Company’s ability to pursue its transformative strategy for the electronics industry and to achieve its 2025 financial goals. Having successfully pivoted to the cloud, Altium is now well positioned to pursue market dominance and industry transformation. The adoption of Altium’s cloud platform is transforming Altium’s business model from maintenance based subscription to capability-based SaaS subscription,” it added.

It is worth noting that although the $40.00 per share offer is a large premium to the Altium share price pre-approach, it is still a discount to pre-pandemic 2020 highs of ~$42.00.

The post Why the Altium (ASX:ALU) share price is crashing 14% on Monday 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. owns shares of and has recommended Altium. The Motley Fool Australia owns shares of and has recommended Altium. 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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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Remember your high school graduation? You threw that cap up in the air, ready to take on the world with your new status as a legal adult. Now you’re about to cross a different graduation milestone, only there are no final stock-picking exams to confirm you’re ready.

Moving from ETF investing into stock-picking can be an exciting and profitable change of pace. But as with all of life’s big moves, there’s risk involved and it’s wise to proceed with caution. Here are four signs to test your readiness to shift from ETFs to a portfolio of individual stocks.

1. ETFs aren’t giving you what you need

ETFs are very popular, among both novice and experienced investors — and for good reason. They’re diversified, accessible, and easy to manage. The minimum investment threshold is low, and they often have low fees. There’s also no rule, stated or unspoken, that every investor eventually outgrows ETFs.

If you’re thinking about making the leap into stock-picking, evaluate your motivation for the change. Push past any vague feelings that you should be picking stocks and get specific. Maybe your portfolio has a gap you need to fill. Or, you’re an ESG investor who’s motivated to limit the drag of higher ESG fund expense ratios. Or perhaps you’re attracted to the challenge of picking stocks and then watching their performance unfold.

Any of those reasons are valid, but each requires a different approach. Clarify the goal now so you can pursue it with focus and precision.

2. You have time to manage a stock portfolio

ETFs don’t demand much of your time and attention. You can pick an index ETF in minutes when you know what type of exposure you need. You might quickly compare expense ratios and sizes of similar funds, but you probably won’t read any earnings reports or analyst opinions.

Even after you buy an ETF, there’s not much to do but check in and rebalance periodically. That’s a quick process when you only have a handful of funds in your portfolio.

With individual stocks, you’ll spend time researching various industries and companies before you buy. After you buy, you’ll monitor your investments to ensure they remain suitable for you. You’ll read the earnings reports and the analyst opinions, plus news releases and industry reporting. Any of those information releases could reveal something that changes your opinion of that company going forward.

3. You are comfortable with volatility

Individual stocks are more volatile than ETFs. A stock’s share price can swing up and down based on any one headline from the company, its competitors, the analyst community, or industry regulators. And sometimes a stock’s price can move without any identifiable reason, other than an unexplained shift in investor demand.

Most investors manage that volatility by diversifying into at least 20 different stocks. You could also hold a few individual stocks alongside your ETFs to start. You’ll still see volatility in your stocks, but your overall portfolio won’t move as much.

4. You like to learn

Investing is a discipline for the information-hungry mind. If you don’t like to read, analyze, and form conclusions, you might find stock-picking to be tedious — when it should feel like an exciting challenge. The challenge lies in the depth of things you can learn. If you wanted to, you could pursue expertise in investing strategies and technical analysis as well as in industries and specific companies.

That’s not to say you need an in-depth knowledge base to start picking stocks. What you need is an open mind and a willingness to learn. Those traits foster better investing decisions. They also help you adjust when you make mistakes — something all investors do now and then.

Fall forward

Can you hear “Pomp and Circumstance” playing in your head? Then you could be ready to expand your investing skill set into stock-picking. Start with a goal in mind, put in the work, learn all you can along the way, and be ready for some surprises.

As actor Denzel Washington said to University of Pennsylvania graduates in 2011, “I’ve found that nothing in life is worthwhile unless you take risks. Fall forward. Every failed experiment is one step closer to success.”

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post 4 signs you’re ready to graduate from ETFs to picking stocks appeared first on The Motley Fool Australia.

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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.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The Ioneer Ltd (ASX: INR) share price is moving higher in morning trade, up 2%.

Below we take a look at the latest announcement from the ASX lithium share.

What did Ioneer announce?

Ioneer’s share price is gaining after the company reported it had secured a Water Pollution Control Permit for its Rhyolite Ridge Lithium-Boron Project in the US state of Nevada.

Alongside the Class II Air Quality Permit Ioneer received for the project last month, it has now received both of the crucial permits needed to commence construction at Rhyolite Ridge.

On completion, the project will produce lithium carbonate and boric acid end products. Covering some 3.8 square kilometres, it will include a process plant, quarry, overburden storage facility, and a spent ore storage facility.

According to the release, evaporation ponds and tailings dams will not be incorporated due to its engineering design. As the project recycles its own water, Ioneer estimates it will use 30 times less water than the only other existing US domestic lithium production operation.

The company reported it has already acquired all the water it needs via agreements with local farmers. It said the impact on local water resources will be net-zero.

Commenting on the latest permit approval, Ioneer’s managing director Bernard Rowe said:

The grant of the Water Pollution Control and Air Quality Permits represents a significant milestone for the Rhyolite Ridge Lithium-Boron Project and further demonstrates that our unique lithium-boron ore allows for the production of end products with minimal environment impact, including surface footprint, air quality and water conservation…

[W]e are pleased that Rhyolite Ridge is the first developmental lithium project in Nevada to receive both Water Pollution Control and a Class II Air Quality permits. As the most advanced lithium development project in the US, we are committed to ensuring Rhyolite Ridge is a sustainable, environmentally sensitive operation that also delivers significant positive economic impact in the state of Nevada.

Rowe said that with both permits secured, Ioneer can continue its work toward construction of the project.

Ioneer share price snapshot

Ioneer’s share price has been a strong performer over the past 12 months, up 246%. By comparison the All Ordinaries Index (ASX: XAO) is up 25% in the same period.

Year-to-date, the Ioneer share price has continued to outperform, up 48% so far in 2021.

The post Why the Ioneer (ASX:INR) share price is on the rise today appeared first on The Motley Fool Australia.

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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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Motley Fool Australia Chief Investment Officer Scott Phillips joined Weekend Sunrise on Sunday to discuss the impact of lockdowns on the construction industry, the patchwork of government COVID support and why the number of credit card complaints are much higher than for BNPL.

The post Construction struggles, government support confuses, credit cards attract more complaints than BNPL appeared first on The Motley Fool Australia.

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Motley Fool contributor Scott Phillips 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 Wisr Ltd (ASX: WZR) share price has opened 3.77% higher on Monday to 27.5 cents after the company announced yet another record quarterly result.

Wisr is a non-bank lender, offering personalised consumer loans of up to ~$63,000. The company also owns an innovative money management app allowing customers to round up purchases to the nearest dollar, with the difference used to pay off existing loans.

Why the Wisr share price is on the move

Wisr was pleased to announce the “continued trajectory of uninterrupted growth”, delivering its 20th consecutive quarter of growth.

The company announced $123 million of new loans originated in Q4 FY21, a 26% increase on Q4 FY21 and a 193% increase against the prior corresponding period.

Wisr said it has now reached $611 million in total loan originations since inception, with the latest $100 million written in less than three months.

This momentum has carried through to its loan book balance, sitting at $379 million as at 30 June 2021, or a 342% increase on the prior corresponding period.

The company said that its medium-term target is to scale towards a wholly-owned $1 billion loan book.

What did management say?

Wisr CEO Anthony Nantes hailed the continued momentum, saying:

It’s an incredible result to deliver 20 straight quarters of loan growth and another significant and material step-change in our new loan originations. Wisr’s purpose-led model is attracting Australia’s most creditworthy customers as they leave the banks and seek a smarter, fairer deal, underpinned by an exceptional experience that actually improves financial wellness.

About the Wisr share price

The Wisr share price has stalled in the past month, following a capital raising on 1 June.

The $50 million capital raising would offer a significant discount to participants, with new shares issued at 25 cents each, or a 21.9% discount to its last closing price on Friday, 28 May.

When Wisr resumed trading on 2 June, the company’s shares plummeted 14% from 32 cents to 27.5 cents.

Despite this, the Wisr share price is still up a solid 40% year-to-date.

The post Wisr (ASX:WZR) share price up 3% on another record quarterly result 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. 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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Motley Fool Australia Chief Investment Officer Scott Phillips joined Nine’s Late News on Sunday night to discuss the impact of the shutdown on the construction industry, plus the role of confidence and what an extended lockdown could mean for ASX share prices and Superannuation.

The post Construction suffers, confidence in focus for the future of ASX shares. Scott Phillips on Nine’s Late News appeared first on The Motley Fool Australia.

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Motley Fool contributor Scott Phillips 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 Volpara Health Technologies Ltd (ASX: VHT) share price is rising in early morning trade.

At the time of writing, shares in the medical imaging software company are up 2.63% to $1.17.

Let’s look through the latest announcement moving the Volpara Health share price in early trade.

Collaboration agreement with Invitae

Investors are buying up Volpara shares this morning after the company announced a new agreement.

According to the release, Volpara has entered into a collaboration agreement with Invitae Corp (NYSE: NVTA). The US-based genetic information company has provided genetic services to more than one million people. Additionally, Invitae boasts a market capitalisation of US$5.97 billion.

As part of the agreement, Volpara’s customers in the United States will have access to Invitae’s range of genetic testing services. This will be available within the software workflow in different clinical settings.

Furthermore, Volpara plans to create a fully integrated ordering process for Invitae genetic testing services within Volpara’s suite of products.

The Volpara product suite is a touchpoint with the 32% of women who attend screening each year in the US. Coupling its risk-assessment software with Invitae’s genetic testing, the company believes it has the potential to offer increased value to mutual customers once clinically implemented.

Volpara CEO Dr Ralph Highnam commented on the development:

Volpara continues to be proud of its major role in driving the adoption of personalised breast screening in the United States. Our relationship with Invitae adds a prominent partner to our breast health platform and will allow us to offer increased value to our customers by ensuring that the right patients get seamless access to the right genetic testing at the right time.

Upcoming quarterly results

Anticipation could also be influencing the Volpara share price today. The company informed the market this morning that it will be releasing its quarterly cash flow statement on 27 July. That gives investors eight days before the release.

Considering Volpara remains unprofitable on the bottom line, shareholders will be hoping to see further revenue growth. The company’s previous quarterly result saw its 12-month trailing revenue jump 56.7% compared to a year ago.

Volpara Health share price snapshot

The Volpara Health share price has taken a tumble over the past 12 months. Compared to the S&P/ASX 200 Index (ASX: XJO), shares in the company have underperformed the benchmark by 40.4%. Likewise, shares in Volpara have trended ~12% since releasing its FY21 full-year results.

The post Here’s why the Volpara (ASX:VHT) share price is on the move today appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended VOLPARA FPO NZ. The Motley Fool Australia owns shares of and has recommended VOLPARA FPO NZ. 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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Noted fund manager Roger Montgomery has highlighted the potential in the Webjet Limited (ASX: WEB) share price.

In an article, Montgomery says he sees opportunity among travel companies on the ASX.  Despite a clampdown on domestic and international travel, the article suggests these businesses are poised to thrive once travel opens up again.

According to Montgomery, travel shares, in general, tend to bounce back quickly, presenting a “glaringly obvious investment opportunity”. In particular, Montgomery noted Webjet shares could benefit greatly as the economy re-opens.

Let’s take a closer look.

Poised to recover?

In the article, Montgomery differentiated travel shares according to two criteria. The first considers whether the company is ‘broken’. The second criteria evaluated how well the company is poised to benefit from a recovery in travel.

According to the fund manager, Webjet’s capital raising in April 2020 addressed the first criteria. The company raised $231 million from institutions and another $115 million from retail investors. A successful capital raising marked a low point for the company and provided Webjet with some cash to keep it afloat.

In reference to the second criteria, Montgomery pointed to the recovery in Webjet’s share price in November 2020. Shares in the travel company rallied on the news about vaccine efficacy levels. This strong recovery in the Webjet share price satisfied the fund manager’s second criteria as having great potential as travel re-opens.

In addition to Webjet, Montgomery also noted fellow-listed travel companies, Flight Centre Travel Group Ltd (ASX: FLT) and Corporate Travel Management Ltd (ASX: CTD) as having potential upon recovery.

Snapshot of the Webjet share price

Webjet is a leading online travel agency. The company allows customers to compare and book a range of domestic and international travel options. These services include flights, hotel accommodation, holiday package deals and car hire.

Since the start of the year, the Webjet share price has remained relatively flat.

Despite the lacklustre performance, shares in the online travel company have traded in a volatile range. With COVID-19 induced lockdowns hampering domestic borders, the Webjet share price has fluctuated accordingly.

In addition to Montgomery’s fund, analysts at noted broker Goldman Sachs also see potential in the Webjet share price. Recently, analysts from the broker suggested the Webjet share price is a buying opportunity for patient investors. 

Although Webjet has underperformed, analysts believe the company is well positioned for long-term growth.

The post Fund manager sees Webjet (ASX:WEB) share price as ‘golden’ opportunity 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 owns shares of and has recommended Corporate Travel Management Limited and Webjet Ltd. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Humm Group Ltd (ASX: HUM) share price is on course to start the week with a solid gain.

At the time of writing, the financial services company’s shares are up 6% to $1.04.

Why is the Humm share price charging higher?

The driver of the Humm share price gains today has been the release of the company’s update on its performance in FY 2021.

According to the release, Humm had a strong finish to the financial year thanks to a record quarterly performance by its buy now pay later (BNPL) segment.

For the three months ended 30 June, Humm reported a 57.3% increase in transaction volume over the prior corresponding period to $774.9 million. The company’s BNPL contributed segment transaction volume of $304.9 million for the quarter, up 68.7% on the same period last year.

Supporting its growth was a 44.3% increase in Cards transaction volume to $287.5 million and a 62.2% jump in Commercial and Leasing transaction volume to $182.4 million.

This was driven by a 19.7% increase in customer numbers to 2.7 million and the addition of 1,362 new merchants across Australia and New Zealand during the quarter. Management noted strong growth in key verticals of health, luxury retail, home improvement, and automotive.

FY 2021 profit guidance

Based on Humm’s unaudited accounts, it expects to report a FY 2021 cash net profit after tax of $68.4 million in FY 2021. This will be an increase of 121.1% on the prior corresponding period and is consistent with the outlook it previously provided to the market.

Humm’s Chief Executive Officer, Rebecca James, commented: “Hummgroup’s continuing momentum is reflected in all segments performing strongly in 4Q21 to achieve record volumes across all products of $775m. Quarterly volume growth of 57% is a clear indicator of the benefits of hummgroup’s diversified portfolio.”

Positively, the chief executive is optimistic this strong form will continue in FY 2022. She said: “We are confident in carrying this volume momentum into FY22 as our products continue to evolve and mature, we execute on our international expansion, and we deliver on our partnership strategy.”

Rebecca James also highlights that the company is profitable, unlike other BNPL providers such as Afterpay Ltd (ASX: APT) and Zip Co Ltd (ASX: Z1P).

She concluded: “hummgroup has continued to deliver growth and profit in FY21, and we expect to report Cash NPAT of $68m, an increase of 121% on FY20. hummgroup’s sustainable profit is a key differentiator against many of our competitors, and importantly will be the fuel to fund the Company’s growth strategy.”

The post Humm (ASX:HUM) share price zooms 6% higher after doubling FY 2021 profit 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. owns shares of and has recommended AFTERPAY T FPO and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia has recommended Humm Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Vulcan Energy Resources Ltd (ASX: VUL) share price is on the move on Monday morning.

In early trade, the lithium explorer’s shares are up 9% to $10.19.

Why is the Vulcan share price taking off today?

Investors have been bidding the Vulcan share price higher today after it released a positive announcement.

According to the release, the company has signed a binding lithium hydroxide offtake agreement with LG Energy Solution.

LG Energy Solution is the largest producer of lithium-ion batteries for electric vehicles in the world and supplies its products to top global OEMs.

The release advises that LG Energy Solution will purchase 5,000 metric tonnes of battery grade lithium hydroxide for the first year of the supply term. After which, this will ramp up to 10,000 metric tonnes per year during the second and subsequent years of the five-year supply term.

The agreement can be extended by a further five years and is expected to commence in 2025 following the first commercial delivery. Pricing will be based on market prices for lithium hydroxide.

Management commentary

Vulcan’s Managing Director, Dr. Francis Wedin, was very pleased to have signed the first lithium offtake agreement for its Germany-based Zero Carbon Lithium Project.

Dr Wedin commented: “This is the first binding lithium offtake term sheet for the Zero Carbon Lithium Project, so it is fitting that it is with the largest EV battery producer in the world.”

“LGES’s operations are of course global, but it is already producing batteries in Europe. The agreement is in line with our strategy to work with Tier One battery and automotive companies in the European market. We look forward to a long and productive relationship with LGES,” he concluded.

Following today’s gain, the Vulcan share price is up 270% since the start of the year.

The post Why the Vulcan (ASX:VUL) share price is jumping 9% on Monday 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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